U.S. 20-Year Treasury Bond Auction Bidding Ratio as of July 23

🌛 BTC continues to decline; Dencun upgrade could make Ethereum inflation again; IO is about to Token Airdrop...

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Recently, the price movement of the PUMP Token has attracted widespread attention in the market. Although the current price has fallen below the public sale price of 0.04, from the overall trend, it seems that PUMP has started to stabilize. It is worth noting that the official PUMP recently announced an important decision on social media: to use all revenue for Token buybacks. This move could have a positive impact on the future development of PUMP. If the project team can successfully implement the buyback plan and further strengthen the project ecosystem, PUMP may welcome new opportunities for growth. From a short-term investment perspective, the current price of PUMP may provide a relatively low entry opportunity. However, investors still need to act cautiously and manage risks. For short-term traders, it is recommended to closely monitor the support level in the range of 0.03 to 0.04. In addition to PUMP, there are other projects worth following in the market, such as ESPORT, SOPH, ENA, and S. Investors should consider multiple factors from the market when making decisions, including but not limited to the global policy environment, industry development trends, and the monetary policies of major economies.

2025 May crypto market analysis 1. Macroeconomic Situation In May 2025, the U.S. economy is at a critical turning point. Inflation continues to decline, the labor market remains resilient, monetary policy enters a wait-and-see phase, and trade policy brings new uncertainties. On the fiscal side, market expectations are influenced by repurchase operations and changes in debt ratings. Against this backdrop, the crypto market demonstrates strong resilience, and the structure of global risk assets may be poised for a new round of re-evaluation. Inflation trend In April, the seasonally adjusted year-on-year CPI fell to 2.3%, the lowest since February 2021, indicating a continued easing of price pressures. The seasonally adjusted month-on-month CPI was 0.2%, showing insufficient momentum for a short-term rebound in inflation. At the same time, the U.S. Treasury initiated a $40 billion treasury bond repurchase operation, viewed as a "quasi-QE" measure aimed at releasing liquidity and refinancing at low interest rates, becoming an important factor supporting the prices of risk assets. Labor

In May 2025, the crypto market showed strong performance, with a market capitalization rebounding to $3.56 trillion. Despite the complex economic situation, the prices of BTC and ETH rose significantly. New coins like USD1 and the Believe platform have attracted attention, and future legislation and ETF regulatory dynamics will impact market expectations.