May 19, 2023 Xin GPT Daily -The biggest news was Moody's downgrade of the US credit rating last weekend, with the yield of treasury bond bonds exceeding 5%. However, the downgrade of the US credit rating this time has a controllable impact, and the market has sufficient expectations for fiscal risks. It is not believed that there will be a major pullback at the level of a financial crisis; -Bitcoin is still oscillating within the range, and after the weekend's fake breakout, it has returned to the oscillation range. The trend needs to be further observed. -Over the weekend, altcoins generally experienced a pullback. We will continue to hold the Asian founder portfolios (KAITO, VIRTUAL, SIGN) and observe the trend of strong altcoins (NEIRO). -The attention of the Meme market has decreased, and classic Memes have been re focused by hot money, such as Labubu. It can be seen that the thinking of hot money in the cryptocurrency circle is also from exchange Memes, such as Moodeng Fartcoin Pepe ->on chain small cap Meme labubu ->new Memes Continue to be bearish on the Believer platform coin, with scattered attention on chain memes, more and more platforms, and a lower valuation ceiling, unless on chain funds continue to pour in (such as Bitcoin reaching new highs) or new issuance patterns emerge.