Orange Evening Interpretation 6.17 Shanzhai cattle finally came, but it didn't happen in the currency market, but in the stock market. Last night, stocks related to encryption in the US stock market began to dance in chaos. Sun Ge, through the operation of reverse merger, let Wave Market backdoor SRM go public. After the listing, the stock will be renamed Tron Inc, whose main business is to follow the micro strategy of hoarding trx. It is said that Eric, the second son of Chuanpu, will work in this company However, the rumor was refuted last night, but the market still received the signal that Sun has contacted the core circle of the Trump family. Last night, the market value of srm rose all the way from 10m to more than 100m, all of which were FOMO. Then other encryption related stocks were also driven up, including the sbet to do Ethereum strategy, circle, coin, hood, strategy, mara, etc., and even some small markets that have nothing to do with the currency market, such as Regenerative Technology, Dawson Geoexploration Sonim and others have been experiencing several times the market trend in a single day, causing the entire cryptocurrency market to suddenly turn its attention to the US stock market. Several friends I know are already looking for channels to enter the US stock market. The novelty of the US stock market for long-term cryptocurrency trading users is like going back to 2016, when projects listed in the cryptocurrency industry had ambitions to benefit all mankind. There was a seemingly reasonable development system, and it was the feeling of being a serious project at first glance. Perhaps the god level performance of Circle after listing made everyone realize that the capital volume of the US stock market is still much larger than that of the cryptocurrency market. If there are compliant channels, I believe more and more cryptocurrency projects will find ways to list on the US stock exchange, and even be able to. I don't have much imagination about projects that don't want to be listed on the US stock exchange, at least there must be affiliated companies with trading partners in the US stock market. There are already many projects that can access the capital flow of the US stock market, such as all future opportunities to imitate ETFs, including xrp ltc doge sol avax sui dot bnb ADA PENGU APT MOVE HBAR AXL BONK TRUMP TRX， Or it could be projects with clear reserves from listed companies, such as TRNR announcing last night that it had raised 5500w to acquire Fet in the secondary market. This is also considered. In short, if there is still a counterfeit season in this bull market, then the counterfeit must have the ability to capture funds from the US stock market. As I mentioned in my article yesterday, many counterfeit old coins no longer have this ability. The growth window and lifecycle of each project are limited, and if missed, they will never come back. The growth rate of counterfeit in the cryptocurrency market is no longer comparable to that of 2017 and 2021, so we must embrace those truly valuable projects. Last night, the market was in fact stable, and the currency market has been rising since the opening of the US stock market. But Trump's speech at 5:00 in the morning directly shouted down the market. I suspect that Trump was sacrificing the currency market to protect the US stock market again. But at 5:00, he said that he would flee Tehran, which would almost only encrypt transactions in the world. Isn't this aimed at the currency market? The war was also very tense during the day today. Israel said it would not easily cease hostilities, and even killed Iran's highest military commander today, claiming that the next target was the Supreme Leader's underwear. Now that Iran's own air superiority has been seized by Israel, it feels a bit like primitive people using a lightsaber. Even though Iran has already announced to the media that they want to negotiate, they have to beg their grandparents now. They hope that the war will end soon. The reason why this wave of pancakes has not continued to reach a new high after breaking through 110000 is because of the war, so I believe that the 120000 yuan on the pancake is very light and easy after the war ends. I just finished speaking yesterday. Pump is about to come to the cryptocurrency market to reap a harvest. It is said that they did not get enough money in the traditional world, so they targeted the main financing force within the cryptocurrency circle. However, this product is too greedy. FDV 4b is not expensive, but one-time financing 1b is really too much. I don't know why the pump team needs so much money. In less than six months this year, Pump has already bought $700 million worth of SOL. For such a team of more than ten people, I can only say that my appetite is a bit too big. But last night, Twitter suddenly banned the official and founder Twitter accounts of Pump. There are also rumors in the market that the founder of Pump was arrested in a luxury apartment in New York. I don't know if it's true or false. In short, the issue of pump coin issuance is unlikely to happen in the short term. Moreover, taking advantage of the recent pump incident, other platforms may take advantage of your illness and aggressively seize the market share of pumps. Recently, the Bonk platform has been quite lively, and the market has begun to reposition itself. Play Degen to Bonk, Dev to Believe, Cable to ETH, Institutions to Base, and Leaders to BSC. The fit is quite high, but if large funds from both inside and outside the industry rush in with the stablecoin bill, the main narrative of the bull market should still be on chain infrastructure, which are projects that can accumulate value in the long run. If the stablecoin on the chain reaches 200 million in the future, it is likely to lead to a larger amount of funds and liquidity on the chain than the US stock market. At that time, there will definitely be a large-scale construction on the chain, just like China's real estate industry in the past 20 years. Therefore, we must not let go of various infrastructure leaders.