On May 28, the MetaMask wallet officially integrated the Solana network; Cantor Fitzgerald launched a $2 billion Bitcoin collateral loan program; Grayscale introduced an artificial intelligence (AI) sector in the cryptocurrency industry; PFVS, WCT, and VIRTUAL tokens performed remarkably.
Cryptocurrency Market Overview
Bitcoin (BTC) (+0.38% | Current Price 108,753 USDT)
Ethereum (ETH) (+4.15% | Current Price 2,634 USDT)
Altcoins: After a collective rise yesterday, altcoins experienced a pullback, with the Altcoin Season Index continuing to decline to 23.
Macro:
Capitalizing on Popular Tokens
PFVS Puffverse (+46.69%, Circulating Market Cap $73 million)
According to Gate market data, the current price of PFVS token is $0.0733, with a 24-hour increase of 46.69%.
Puffverse is a 3D metaverse dreamland akin to Disney, dedicated to seamlessly connecting the virtual world in Web3 with the real world in Web2. It is not just a fun party game and cloud gaming platform but also a new realm for exploring future digital interaction possibilities. Puffverse brings users a digital space that is both familiar and full of surprises through its innovative technology and design, allowing people to find their place in the virtual world while paving new paths for the future of digital interaction.
Yesterday, the PFVS token was listed for trading for the first time, reaching a high of $0.18 during the session. After a significant surge, the price experienced a pullback, currently showing a stepwise correction pattern. Until the correction phase is fully confirmed to be over, investors are advised to remain cautious, manage their positions reasonably, and guard against short-term volatility risks.
WCT WalletConnect (+31.04%, Circulating Market Cap $950 million)
According to Gate market data, the current price of WCT token is $0.9539, with a 24-hour increase of 31.04%.
WalletConnect is a connection network aimed at reshaping the on-chain interaction experience. As an important part of Web3 infrastructure, it has been widely applied in various fields such as decentralized finance (DeFi), non-fungible tokens (NFTs), staking, and trading. Its iconic blue logo is highly recognizable among crypto users and is regarded as a trusted standard for on-chain connections, similar to Visa's position in traditional payment systems.
In recent news, WalletConnect announced that its governance token WCT has officially launched on the Solana network. This integration marks the official start of WalletConnect's multi-chain process, with more chain integrations currently in development, sparking optimistic market expectations. Technically, the WCT token has been operating within a robust upward channel since its trading debut. Recently, the market broke through the upper boundary of the large cycle's upward channel, forming a breakthrough trend at the large cycle level. However, short-term attention should still be paid to potential pullback pressure. Currently, both the upper boundary of the channel and the key support area are around $0.90, which may become an important technical reference point for the short-term market.
VIRTUAL Virtuals Protocol (+14.06%, Circulating Market Cap $2.43 billion)
According to Gate market data, the current price of VIRTUAL token is $2.4303, with a 24-hour increase of 14.06%.
Virtuals Protocol is an innovative platform based on blockchain technology, aiming to achieve deep integration of artificial intelligence (AI) and blockchain, providing users with a new experience in creating, managing, and interacting with AI entities. It allows anyone to create an AI agent through simple operations, a virtual character that can interact and participate in the environment like a human. These AI entities possess multimodal interaction capabilities, including text, voice, and 3D animation, and can operate seamlessly across multiple platforms such as Roblox, TikTok, and Telegram games.
Benefiting from the strong performance of the AI sector, the VIRTUAL token has seen significant gains recently, consistently operating within an upward channel since April. The 30-day moving average serves as a medium-term support, effectively guiding the trend and continuously pushing the VIRTUAL token to maintain a steady upward trajectory.
Alpha Interpretation
MetaMask Browser Wallet Plugin Officially Integrates Solana Network
On May 27, 2025, MetaMask announced that its latest browser wallet plugin (v12.18) has officially integrated the Solana network, allowing users to manage Ethereum and Solana accounts in one interface, supporting sending, receiving, exchanging, cross-chain transactions, and accessing Solana dApps, with mobile support expected to launch in a few weeks.
MetaMask now supports the Solana network, enabling its 30 million users to seamlessly manage Ethereum and Solana assets in a single wallet without the need to install additional wallets like Phantom or Solflare. Users can directly participate in SOL staking or trade Solana meme coins, including BONK, effectively simplifying the operational complexity brought by multi-wallet management.
This integration marks a significant advancement in cross-chain interoperability for the Solana network, not only lowering the user entry barrier but also injecting new growth momentum into its DeFi and GameFi ecosystems. Developers will also benefit from a more streamlined dApp access process, with overall trading activity and user participation expected to increase significantly. This update is not only a technical expansion but also represents a key step in the evolution of cross-chain wallet infrastructure.
Cantor Fitzgerald Launches $2 Billion Bitcoin Collateral Loan Program
On May 27, 2025, Wall Street financial giant Cantor Fitzgerald officially launched its $2 billion Bitcoin collateral loan program, with the first financing targets being cryptocurrency companies FalconX Ltd. and Maple Finance. This program allows institutions holding Bitcoin to obtain loans by using it as collateral, releasing liquidity without having to sell their assets.
The $2 billion Bitcoin collateral financing program launched by Cantor marks the maturity and feasibility of Bitcoin as an institutional-grade collateral asset. The program allows clients to obtain dollar liquidity without selling Bitcoin, particularly suitable for long-term holders (HODLers). Currently, Cantor has provided related services to over 5,000 clients, further encouraging other financial institutions like Galaxy Digital and Fidelity to launch similar products.
This program can be seen as a bridge between crypto assets and traditional finance. On one hand, the participation of traditional financial institutions significantly boosts the demand and mainstream acceptance of Bitcoin; on the other hand, the crypto industry has also made breakthroughs in institutional adoption and trading activity. For hedge funds and corporate users, Bitcoin is being viewed as an efficient and compliant financing collateral, with its financial attributes rapidly gaining widespread recognition.
Grayscale Launches AI Cryptocurrency Industry Asset Sector, Including TAO, NEAR, RENDER
On May 28, 2025, Grayscale announced the launch of an AI cryptocurrency industry sector, as the sixth sector, including 20 assets with a total market cap of approximately $20 billion, accounting for 0.67% of the cryptocurrency market, making it the smallest sub-sector. The financial sector has a market cap of $519 billion, ranking third. The AI sector integrates tokens that originally belonged to other sectors, with unchanged index standards. Grayscale believes that the AI sector is small, reflecting that the projects are in the early stages.
Grayscale's new AI cryptocurrency sector focuses on 20 assets, and while the $20 billion market cap is small, it highlights the potential for the integration of AI and blockchain. The sector's size only accounts for 0.67%, reflecting the early characteristics of AI projects, with significant growth potential but also high risks. By integrating existing tokens rather than adding new ones, it shows a cautious strategy to avoid market bubbles. Compared to the financial sector's $519 billion, the AI sector is still in its infancy, and short-term speculative enthusiasm may drive up prices, but long-term value needs to be supported by technological implementation. Grayscale's move may lead investment trends, but investors should be wary of the volatility and regulatory uncertainties of early-stage projects and should assess their investments cautiously.
Related: Gemini Report: UK Cryptocurrency Holdings Growth Exceeds Global by 2025
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