June 12, 2024
Hot projects + Market overview
I. Mainstream exchange news
- Bithumb, S. Korea’s second largest crypto exchange, lists the ICP-KRW pair.
- Binance is to list IO USDT-margined perpetual contracts with up to 50x leverage.
- Crypto.com gets a Virtual Asset Service Provider registration in Ireland.
- Binance has added bare-metal, ONDO, and TNSR USDT-margined perpetual contracts to its Copy Trading service.
II. Mainstream projects and trending events
- Coinbase Wallet launches Dune 404, the first 404 token standard project supported by Animoca Brands on Base.
- The US Fed will release the interest rate decision on June 14th at 02:00 AM Asia time.
- Ripple expands in Japan and South Korea through the XRPL Japan-Korea Fund.
- Sui Foundation launches the Sui Bridge testnet and incentive program.
- ProShares files an S-1 registration statement for Ethereum spot ETF with the US SEC.
- BitMEX co-founder Arthur Hayes joins Covalent as an advisor and receives CQT tokens as remuneration.
- The token merger between Fetch.AI, SingularityNET, and Ocean Protocol is postponed to July 15th.
- A whale adds another 79.8 billion PEPE to its holding, worth $970,000.
- Lido partners with Symbiotic and Mellow Finance to launch a secondary pledge vault.
- Ripple acquires Standard Custody & Trust Company, a New York-based crypto trust company.
- The LayerZero Sei Network V2 version goes live.
III. Funding news
- French AI startup Mistral AI raised €600 million from Series B participated by a16z.
- Binance Labs invests in Zircuit.
- A repledging project, Symbiotic, raised $5.8 million from a seed round led by Paradigm.
- Native account abstraction layer Zyfi raised $2 million from private funds.
IV. Regulatory news
- Russia plans to use CBDC for cross-border payments in the second half of 2025.
- Despite being listed for over a month, Hong Kong's Virtual Asset spot ETFs do not have any local bank distribution.
V. Popular projects
Market Overview
BTC has dipped to $66,051, a key support level, and started to fluctuate. The recent drop from $72,000 has reached the expected minimum decrease. However, continued observation is needed to see whether the $68,500 level can be effectively broken to reverse the trend.
If BTC continues to fall below $65,000, the adjustment period may continue to lengthen. There will be an influx of news this week, and maintaining a "watch more, act less" strategy could be considered.
BTC Spot ETF as of June 11th
Overall Data:
• Total Net Inflow: $15.42 billion
• Daily Net Outflow: $200 million
• Single-Day Turnover: over $853 million
• Proportion of BTC’s Market Value: 4.47%
Breakdown by ETF:
• GBTC:
○ Net Asset Value: $19.01 billion
○ Single-Day Net Outflow: $121 million
○ Cumulative Net Outflow: $18 billion
○ Single-Day Turnover: $326 million
• FBTC:
○ Net Asset Value: $11.68 billion
○ Single-Day Net Outflow: $7 million
○ Cumulative Net Inflow: $10 billion
○ Single-Day Turnover: $277 million
• ARKB:
○ Net Asset Value: $3.24 billion
○ Single-Day Net Outflow: $56 million
○ Cumulative Net Inflow: $3 billion
○ Single-Day Turnover: $119 million
BZZ is up 85% from its low point
Developed by the Ethereum Foundation, Swarm utilizes pools of storage, bandwidth, and computing resources to bolster applications on the Ethereum network. Swarm aims to create a decentralized, resilient, infallible, and censorship-proof solution for peer-to-peer storage and services.
The 2024 Swarm Summit scheduled for June 20th - 21st, will delve into decentralized storage, privacy, data sovereignty, and AI.
The BZZ, Swarm’s native token, has been performing strongly, surging 85% from its low point.
ATR up 20% in a day
With a daily uptick of 20%, ATR from Artrade - an NFT marketplace for real-world art assets, is gaining traction. Artrade transforms physical artworks into on-chain assets, thereby digitizing their ownership rights.
A Picasso painting worth $200,000 was tokenized by Artrade on May 26th. Participants in this sale will receive ATR airdrops, and the physical artwork will be securely stored by Artrade.
CTK is up 10% in a day
Established in 2019, ShentuChain (CTK) is dedicated to enhancing the security and trustworthiness of decentralized technologies. Its products include a reward program for vulnerability discovery, called OpenBounty, and an inscription marketplace ecosystem for Cosmos.
OpenBounty bridges Web3 projects with white-hat hackers for mutual security and reward benefits. In addition, projects on OpenBounty receive an extra 10-15% bonus in $CTK.
On June 10th, Shentu Chain announced a partnership with Maple Finance, offering a reward of up to $500,000. The CTK token has seen frequent fluctuations recently and is up 10% within a day to $0.78.
On-chain Daily
- BULEI: BULEI is the Chinese Brett on the Ethereum chain.
Current Price: $0.0(4)165
Historical High: $0.0(4)346
24-hour Change: +215%
Current Market Value: $6.9M
Official Twitter: https://x.com/Bulei_Coin
Trading Dashboard: https://dexscreener.com/ethereum/0xf879ada5643d19704661020ec4bfe5ff871e62f9
- STONKS: STONK is a classic invest-themed memecoin representing profits from seemingly poor investment decisions.
Current Price: $0.0(4)544
Historical High: $0.0(4)673
24-hour Change: +305%
Current Market Value: $22.5M
Official Twitter: https://x.com/StonksTokenERC
Trading Dashboard: https://dexscreener.com/ethereum/0x20790842e3b690bda633c8fa531167dae8547a2e
- DADDY: DADDY is a memecoin on the Solana chain, featuring the controversial Andrew Tate, a prominent American internet personality. The project has been taken over by the community but has strong support from Tate himself.
Current Price: $0.0949
Historical High: $0.19
24-hour Change: +140%
Current Market Value: $95M
Official Twitter: https://x.com/DaddyTateCTO
Trading Dashboard: https://dexscreener.com/solana/zcdaw3jpcqey8jyvxnvmqs2cu35cyddy4ot7v8ednhz
- PICKLE: PICKLE is a memecoin on the Solana chain, featuring a character created by MATT FURIE, the father of Pepe. The project has been taken over by the community.
Current Price: $0.00162
Historical High: $0.0479
6-hour Change: +232% (Token Launch Time: 5/11, 10:30 UTC)
Current Market Value: $1.6M
Official Twitter: https://x.com/pickleonsol_cto
Trading Dashboard: https://dexscreener.com/solana/hz79irugu8hpemhy9nm5pgw8dxamcxos4bkg4t5jpjcj
- BBRETT: BBRETT is a memecoin on the Base chain. It is a kid version of Brett (Baby Brett). A tax of 5% is deducted on each trade, 3% of which is used for rewards and 2% for a token buyback. Reward tokens are distributed to holders every five minutes.
Current Price: $0.00742
Historical High: $0.00884
6-hour Change: +97.5% (Token Launch Time: 5/11, 15:00 UTC)
Current Market Value: $758K
Official Twitter: https://x.com/babybrettonbase
Trading Dashboard: https://dexscreener.com/base/0x05511784abc6e20b3f206101bb48d222771ebd85
- KEYCAT: KEYCAT is a memecoin on the Base chain, which was taken over by the community on March 28, 2024. It features the original Keyboard Cat meme from 1978, Fasto. After the character makes a mistake, a video of a cat playing the piano follows, highlighting the situation.
Current Price: $0.005
Historical High: $0.118
24-hour Change: +15%
Current Market Value: $50M
Official Twitter: https://twitter.com/KeyboardCatBaseTrading Dashboard: https://dexscreener.com/base/0x377feeed4820b3b28d1ab429509e7a0789824fca
Daily Rune Observation
Gas Fee change: The current BTC transaction fee is 24 bytes/satoshi, with a 24-hour decrease of 20%. The Rune market sentiment has cooled down, following the price drop and consolidation of Bitcoin, making it an opportune time to amass prospective Runes.
Today's popular projects
With a sudden drop in market heat and fewer mints,
A•BILLI•A•BILLI•A•BILLI•A•BILLI: A total of 20,000 pieces, reserve 1.5%, current minting is 1,247, with 1,050 in the memory pool. Minting progress has reached 7%, with only 16 addresses holding it.
HODL•BOX•RUNE•PIE: A total of 10,000 pieces, reserve 5%, current minting is 2,414, with 884 in the memory pool. Minting progress has reached 30% but is only distributed to 48 addresses.
WONDERLANDWABBIT: A total of 1 million pieces, reserve 20%, current minting is 6,243, with only 39 pieces in the memory pool. Minting progress has reached 21%, but note that the number of holding addresses is as high as 5,952.
Top Runes Projects Tracking
DOG•GO•TO•THE•MOON: Runes #3, also known as the airdrop Runes of Runestone. The current price is 9.21 Sats. The 24-hour decrease is 4.5%, and the current market value is 9,214 BTC.
BANK•OF•NAKAMOTO•DOLLAR: A synthetic dollar protocol built on Bitcoin L1. The current price is 12.99 Sats, with a 24-hour surge of 23.83% and the current market value of 2,727 BTC. This was one of the few Runes that surged against the trend.
RSIC•GENESIS•RUNE: Runes #8, also the Runes created by the famous inscription mining project RSIC. The current price is 12.25 Sats, with a 24-hour decrease of 5.6% and a current market value of 2,668 BTC.
—
The content above is neither a recommendation for investment and trading strategies nor does it constitute an investment offer, solicitation, or recommendation of any product or service. The content is for informational sharing purposes only. Anyone who makes or changes the investment decision based on the content shall undertake the result or loss by himself/herself.
The content of this document has been translated into different languages and shared throughout different platforms. In case of any discrepancy or inconsistency between different posts caused by mistranslations, the English version on our official website shall prevail.
