In the past 24 hours, BTC dropped 1.71% to 107,880 USDT; ETH dipped to 2,510 USDT, with its market dominance slightly rising to 9.15%. The U.S. SEC and Nasdaq held a closed-door meeting to explore security tokenization, signaling a potential breakthrough in TradFi and blockchain integration. Meanwhile, the MOVE token airdrop launched, drawing community attention. Quant and Jupiter (JUP) stood out with respective gains of 7.34% and 5.89%.

• Market Commentary: BTC continues its choppy retracement, with short-term support seen around $106,000. ETH failed multiple times to hold above $2,600, but market share remains steady. On the macro side, gold rebounded to $3,373/oz and bond market volatility rose, as concerns over tightening global liquidity persisted.
• Top Tokens: Quant (+7.34%, Market Cap: $2.03B): An enterprise-focused interoperability protocol, gaining momentum from renewed regulatory interest in tokenization. Jupiter (+5.89%, Market Cap: $1.86B): The top DEX aggregator on Solana, boosted by ongoing JUP token buybacks and LFG airdrop incentives.
• Alpha Insights: Regulatory moves around tokenization may reignite interest in infrastructure projects like Quant. With cautious market sentiment, momentum is rotating into airdrop-driven names such as MOVE. Post-distribution performance will be key to watch.
• Gate Launchpool: Allo has launched on Gate Launchpool, offering RWA token subscription via GT or BTC staking. The event runs until June 3, 2025, 21:00 (UTC+8). Allo is building the world’s first tokenized stock trading platform, enabling 24/7 trading, ultra-low fees, and instant settlement. It has tokenized $2.2B in real-world assets, staked $50M in BTC, and launched a $100M lending service.

Discover more details today: → U.S. SEC and Nasdaq Discuss Securities Tokenization｜Gate Research

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Gate Team
May 27, 2025

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