Market Overview

• BTC (-2.05% | Current Price: 105,688 USDT)

  • Bitcoin continues to fluctuate. After briefly breaking above the $111,000 mark, it failed to hold this level. Two subsequent attempts to break through the $111,000 resistance were also unsuccessful. Currently, BTC is in a descending consolidation channel, with support around $104,500 and resistance near $107,500.
  • On Thursday, Bitcoin ETFs recorded a net outflow of $359 million, ending a 10-day streak of net inflows. Notably, IBIT saw a net inflow of $125 million, while FBTC experienced a net outflow of $166 million.

• ETH (-4.40% | Current Price: 2,596 USDT)

  • According to Gate market data, ETH posted a significant drop over the past 24 hours. It previously made a false breakout at $2,700 before retreating and falling below that level. ETH is currently in a consolidation phase. As of today, Ethereum’s market dominance has risen to 9.4%, with the ETH/BTC ratio at 0.0251.
  • On Thursday, ETH ETFs saw a net inflow of $91.93 million, extending the net inflow streak to nine days. ETHA recorded $350.45 million in inflows, while FETH had $38.31 million in single-day inflows.

• Altcoins: Altcoins have seen a noticeable pullback. The Altcoin Season Index has dropped to 20.

• Macro:

  • U.S. equities saw cautious sentiment due to uncertainty around trade policy. The S&P 500 briefly dipped during the session, with mixed performance among the “Magnificent Seven.” NVIDIA reported strong Q1 earnings and closed higher. Meanwhile, the Trump administration is planning to appeal a tariff ruling to the Supreme Court, adding complexity to tariff expectations.S&P 500: +23.62 points (+0.40%) at 5,912.17. Dow Jones: +117.03 points (+0.28%) at 42,215.73. Nasdaq: +74.93 points (+0.39%) at 19,175.87
  • As of 10:00 AM (UTC+8) on May 30, spot gold is priced at $3,305.96 per ounce, down 0.39% over 24 hours.

Trending Tokens

ZBCN – Zebec Network (+31.29%, Market Cap: $680M)

ZBCN is currently priced at $0.0068, with a 24-hour increase of 31.29%, according to Gate data.

Zebec Network is a decentralized payment and infrastructure network designed to support continuous, real-time fund flows. Founded in 2021, it has received $35 million in investment from top fintech firms and VCs like Circle and Solana Ventures. Originally built on Solana, it has expanded into a multi-chain ecosystem including Ethereum, BNB Chain, Tron, and Sui.

ZBCN remains in a bullish breakout phase, with strong demand and market sentiment. The number of active on-chain addresses has increased by nearly 40% over the past three months, alongside a slight uptick in open interest and growing community optimism.

DEXE – Dexe Network (+14.64%, Market Cap: $1.368B)

DEXE is trading at $14.231, with a 24-hour rise of 14.64%.

Dexe Network is a decentralized, autonomous portfolio management protocol powered by smart contracts. It includes tools for crypto asset allocation and automatic rebalancing, eliminating the need to share private keys or API data with third parties.

The recent rally is viewed as a strong rebound within a broader downtrend. Technical resistance at the upper channel remains in place. Whether DEXE can confirm a breakout will determine the next trend.

WHITE – WhiteRock (+65.46%, Market Cap: $1.096B)

WHITE is priced at $0.0010, up 65.45% in 24 hours.

WhiteRock is a real-world asset (RWA) protocol that tokenizes financial instruments like stocks, bonds, real estate, options, and derivatives. It bridges traditional finance and blockchain, improving access, transparency, and compliance in global trading.

The surge is driven by enthusiasm for tokenized U.S. equities, the RWA narrative, tech progress, and investor sentiment. Arkham data shows WHITE tokens were transferred to wallets linked to the Trump family’s World Liberty project—suggesting notable investor interest.

Alpha Insights

J.D. Vance Calls Stablecoins a New Pillar of U.S. Economic Diplomacy

On May 28, 2025, U.S. Vice President J.D. Vance delivered a speech at the Bitcoin 2025 conference in Las Vegas, highlighting the GENIUS Act’s importance in promoting stablecoin adoption. He emphasized that the Act would support stablecoins as a digital payments infrastructure while safeguarding users and enhancing transparency.

Vance stated that dollar-backed stablecoins won’t undermine the dollar’s global status but will act as a “force multiplier” for U.S. economic diplomacy. The legislation offers a regulatory framework that enables broader stablecoin adoption in payments and DeFi, driving global influence and increasing demand for U.S. Treasuries.

Rain Expands Stablecoin Visa Card Services to Solana, Tron, and Stellar

Crypto card provider Rain now supports stablecoin payments over Solana, Tron, and Stellar networks, allowing users to spend crypto at any Visa-enabled merchant worldwide.

This expansion significantly enhances stablecoin accessibility and real-world usage. Rain’s offering supports both custodial and non-custodial wallets, covering cross-border payments, daily spending, and enterprise settlements. It reinforces Rain’s leadership in global crypto payments and accelerates Web3 financial integration.

Donut Labs Raises $7M Seed Round for AI-Powered Crypto Browser

Donut Labs, developer of an AI-powered agentic crypto browser, has raised $7 million in a seed round led by HSG, Bitkraft, and HackVC, with participation from Matrix Partners, Sky9 Ventures, Makers Fund, and SonicSVM.

Donut integrates native wallets, DEXs, and on-chain automation, allowing users to interact with blockchain through intent-based AI agents. HSG’s investment reflects traditional capital’s confidence in AI + Web3 synergies. The funds will support product development, team expansion, and community growth, ushering in a more intelligent, user-friendly crypto experience.

Gate Launchpool

Project Details

• Project: Sophon
• Token Name: SOPH
• Subscription Deadline: June 8, 2025, 20:00 (UTC+8)
• Accepted Tokens: BTC, GT, SOPH
• User Cap: 10 BTC or 1,000 GT
• Hourly Reward Cap per User: 2,275 SOPH

About the Projec

Sophon aims to onboard the next wave of crypto users by monetizing real-world data generated through everyday products. It drives real utility beyond speculation, focusing on daily-use blockchain applications without traditional crypto friction.


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/
• coindesk, https://www.coindesk.com/business/2025/05/29/rain-expands-stablecoin-visa-cards-to-solana-tron-and-stellar-as-digital-payment-gains-momentum
• bloomberg, https://www.bloomberg.com/news/articles/2025-05-29/telegram-raises-1-7-billion-convertible-bond-to-fund-debt-swap?embedded-checkout=true
• cointelegraph, https://cointelegraph.com/news/donut-7m-for-first-agentic-crypto-browser

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 cryptocurrency market involves high risk. Users are advised to conduct independent research and fully understand the nature of the assets and products before making any investment decisions. Gate is not responsible for any losses or damages arising from such investment decisions.