Market Overview

• BTC (+0.38% | Current Price: 108,753 USDT)

  • BTC price remains volatile. After breaching the $111,000 mark, it failed to maintain above it. Two subsequent attempts to break this key resistance also fell short. In the short term, BTC is expected to consolidate around recent highs, with support at $107,000 and resistance at $111,000.
  • On Tuesday, BTC ETFs saw a net inflow of $385 million, marking 9 consecutive days of net inflows. IBIT recorded an inflow of $409 million, while ARKB had a net outflow of $38.3 million.

• ETH (+4.15% | Current Price: 2,634 USDT)

  • Gate market data shows ETH experienced a modest 24-hour uptick, briefly surpassing the $2,700 mark before retracing below it. The short-term trend remains choppy. As of today, ETH’s market dominance rose to 9.3%, with the ETH/BTC ratio at 0.0242.
  • On Tuesday, ETH ETFs saw a net inflow of $38.8 million, the seventh straight day of inflows. ETHA saw $32.5 million in inflows, while FETH had $3.4 million.

• Altcoins:

  • Following broad gains the previous day, altcoins saw a collective pullback. The Altcoin Season Index continued to decline, now at 23.

• Macro:

  • Due to the Memorial Day holiday, U.S. stock markets resumed trading and closed significantly higher. The Dow Jones rose 1.78%, Nasdaq gained 2.47%, and the S&P 500 increased by 2.05%. Major tech stocks led the gains. The U.S. Dollar Index rebounded more than 0.6%, reversing recent weakness.This market reversal began last Friday when former U.S. President Donald Trump made a surprise announcement. Amid stalled U.S.-China trade talks, Trump announced a 50% tariff on EU goods starting June 1. However, on Sunday evening, the policy was reversed after Trump posted on social media that, at the request of EU Commission President Ursula von der Leyen, the tariff implementation would be postponed until July 9.
  • As of 10:00 AM (UTC+8) on May 28, spot gold was priced at $3,306.96 per ounce, up 0.06% in 24 hours.

Trending Tokens

PFVS – Puffverse (+46.69%, Market Cap: $73M)

According to Gate data, PFVS is priced at $0.0733, with a 24-hour increase of 46.69%.

Puffverse is a Disney-like 3D metaverse playground that connects virtual worlds in Web3 with the real world in Web2. More than just a fun party game and cloud gaming platform, Puffverse explores the future of digital interaction. Its innovative tech and design offer users a space that feels both familiar and surprising, enabling them to find their place in the digital world while opening new paths for interaction.

PFVS launched trading yesterday and peaked at $0.18 before pulling back. The price is currently in a stair-step correction pattern. Until a solid bottom is confirmed, investors should remain cautious, manage positions wisely, and watch for short-term volatility.

WCT – WalletConnect (+31.04%, Market Cap: $950M)

Gate data shows WCT is priced at $0.9539, with a 24-hour increase of 31.04%.

WalletConnect is a network that redefines on-chain connectivity. As a key part of Web3 infrastructure, it’s widely used across DeFi, NFTs, staking, and trading. Its blue icon is widely recognized among crypto users, akin to Visa in traditional payments.

Recently, WalletConnect announced its governance token WCT is now live on the Solana network, marking the start of its multichain expansion. More chain integrations are in development, boosting market optimism. Technically, WCT has been trending within a strong ascending channel. Recently, it broke through the upper band, signaling a major breakout. However, short-term pullback risks remain. The $0.90 level now serves as a key support and technical reference point.

VIRTUAL – Virtuals Protocol (+14.06%, Market Cap: $2.43B)

Gate data shows VIRTUAL is priced at $2.4303, with a 24-hour gain of 14.06%.

Virtuals Protocol is a blockchain-based platform aiming to deeply integrate AI with blockchain, enabling users to create, manage, and interact with AI agents. These agents mimic human interactions via multimodal interfaces including text, voice, and 3D animation, and operate across platforms like Roblox, TikTok, and Telegram games.

Benefiting from the strong performance of AI-related tokens, VIRTUAL has been steadily rising since April. The 30-day moving average has served as a solid support, guiding the ongoing uptrend.

Alpha Insights

MetaMask Browser Extension Officially Integrates Solana Network

On May 27, 2025, MetaMask announced that version 12.18 of its browser extension now officially supports the Solana network. Users can manage both Ethereum and Solana accounts from a single interface, enabling send/receive, swaps, cross-chain activity, and Solana dApp access. Mobile support is expected in the coming weeks.

This integration allows MetaMask’s 30 million users to manage Ethereum and Solana assets within one wallet—eliminating the need for additional tools like Phantom or Solflare. Users can now directly stake SOL and trade Solana-based meme coins like BONK within MetaMask, significantly simplifying wallet management.

The move represents a major step in cross-chain wallet interoperability. It lowers barriers for users and adds new momentum to Solana’s DeFi and GameFi ecosystem. Developers will also benefit from streamlined dApp integration. This is not only a technical enhancement but a milestone in cross-chain wallet evolution.

Cantor Fitzgerald Launches $2 Billion Bitcoin-Backed Loan Program

On May 27, 2025, Wall Street giant Cantor Fitzgerald officially launched a $2 billion bitcoin-collateralized lending program. Initial financing recipients include crypto firms FalconX Ltd. and Maple Finance. The program allows institutions holding bitcoin to secure loans without selling their assets.

This initiative marks the growing maturity and viability of bitcoin as institutional collateral. It enables long-term holders (HODLers) to access USD liquidity without liquidating their positions. Cantor has already served over 5,000 clients, and its involvement is prompting other financial firms like Galaxy Digital and Fidelity to explore similar offerings.

The program bridges crypto and traditional finance. On one hand, participation by major institutions boosts bitcoin’s demand and mainstream legitimacy; on the other, it enhances institutional adoption and trading activity in crypto markets. For hedge funds and corporate users, bitcoin is increasingly viewed as an efficient and compliant loan asset, reinforcing its financial utility.

Grayscale Launches AI Crypto Sector Index Featuring TAO, NEAR, RENDER

On May 28, 2025, Grayscale announced the launch of an AI Crypto Sector Index—its sixth thematic index—featuring 20 tokens with a total market cap of $20 billion, accounting for just 0.67% of the overall crypto market. In comparison, the financial sector index has a market cap of $519 billion, ranking third.

The AI sector combines existing tokens from other indices without adding new assets, reflecting a cautious approach. Grayscale believes the small size of this sector indicates that projects are still in their early stages.

Despite its small scale, the AI sector highlights the vast potential of AI and blockchain convergence. The early-stage nature suggests significant growth potential but also elevated risk. Grayscale’s move may shape future investor interest, though the high volatility and regulatory uncertainties of early-stage projects warrant careful evaluation.

Gate Launchpool

Project Details

• Subscription Project: Giza
• Token Name: Giza
• Launchpool Period: Until May 28, 2025, 20:00 (UTC+8)
• Participation Tokens: ETH, BTC
• Individual Cap: 300 ETH or 10 BTC
• Hourly Reward Cap per User: 375 Giza

Project Introduction

Giza Protocol is a decentralized DeFi infrastructure platform powered by autonomous AI agents, aiming to surpass human cognitive limits and build what it calls “Transcendental Finance.” By combining AI and blockchain, Giza enables individuals and institutions to deploy intelligent financial strategies in a non-custodial manner, optimizing returns, reducing risk, and improving efficiency through standardized protocol interfaces and decentralized computation.


References

• Gate, https://www.gate.io/trade/BTC_USDT
• Farside Investors, https://farside.co.uk/btc/
• CoinGecko, https://www.coingecko.com/categories
• Investing, https://investing.com/
• Believe, https://www.believescreener.com/
• CoinMarketCap, https://coinmarketcap.com/cmclaunch/
• X, https://x.com/LagrangeFndn/status/1927034374354067758
• Bloomberg, https://www.bloomberg.com/company/?srnd=homepage-americas
• X, https://x.com/bcgame/status/1927285097201270983
• cryptobriefing, https://cryptobriefing.com/grayscale-high-potential-tokens-2025/

Gate Research is a comprehensive blockchain and cryptocurrency research platform that provides readers with in-depth content, including technical analysis, trending insights, market reviews, industry research, trend forecasts, and macroeconomic policy analysis.

Disclaimer
Investing in the crypto market involves a high level of risk. Users are advised to conduct independent research and fully understand the nature of any assets and products before making investment decisions. Gate.io assumes no responsibility for any losses or damages resulting from such investment activities.