Market Overview:

1. BTC declines along with a broad altcoin sell-off. Market rotation shifts to  the worst-performing sectors.

2. U.S. stocks surge while gold plummets. China-U.S. trade negotiations achieve phased progress. Investors reduce bets on Fed rate cuts with Goldman Sachs pushing back rate cut expectations from July to December this year.

Market Highlights:

1. The previously underperforming TON, BSC, and Polkadot ecosystems start to rebound, indicating increased market risk.

2. Platform tokens Launchcoin and Dupe surge. Launchcoin is an Al-related launch platform supported by Alliance DAO incubation. Dupe is an e-commerce platform. SOL chain Memes show a trend toward real utility.

3. Meme token Ikun surges, which is a Cai Xukun-themed Meme on the Bonk launch platform, targeted by Bonkguy, a famous whale in the market.

4. Binance Alpha plans to airdrop RDAC, NXPC, and others, with Alpha points consumption starting from May 13.
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