Market dynamics on May 24: Meme tokens of the Ethereum system are generally rising

I. Market Overview
1. The market is showing a downward trend, with Bitcoin's dominance sharply declining, benefiting the altcoin season.
2. U.S stocks are experiencing a pullback, PMI economic data hits a two-year high, and the first interest rate cut expectation has been postponed from November to December.

II. Market Focus
1. Ethereum, the public chain, is fluctuating at high levels. The U.S Securities and Exchange Commission has passed key documents for Ethereum ETFs; formal approval will take several months.
2. Prices of PEOPLE, PEPE, MOG, TURBO, WOJAK and JOE in the Meme series have risen significantly. These are all Ethereum-based Meme tokens; among them JOE rebounded 30 times from its low point.
3.Prices of projects within the Ethereum ecosystem such as ENS, ETHFI,MANTA,and ETC also increased .ETHFI launched re-pledge credit card business.
4.In the "Decentralized Stable Coin" category TRU and ONDO prices soared.Metadrop will soon be listed on LISTA platform.LISTA is liquidity pledge and decentralized stable coin lending protocol developed by original BSC chain Helio team which had suffered severe hacker attacks in past.