If BTC doesn't stabilize above $64K, it could drop to $54K-$58K

Hot projects + Market overview

I. Mainstream exchange news

• Crypto exchange Kraken has considered using nuclear energy to power its data centers.
• Robinhood is considering listing cryptocurrency futures in the United States and Europe.
• Binance will launch WIF/BRL, ZK/USDC, and ZRO/USDC spot trading pairs on July 3rd.
• Binance Japan will delist NEM (XEM) on September 18th.
• Bybit will list WELL3 (WELL), a Web3 innovation health platform, on July 3rd.

II. Mainstream projects and trending events

• US Federal Reserve Chairman Jerome Powell has said inflation could return to 2% by the end of 2025 or the beginning of 2026.
• ZK full-chain abstraction layer Kontos has partnered with Ethereum L2 Scroll to promote multi-chain ecosystem development.
• Crypto derivatives platform marginfi will launch mrgnswap, a new service allowing users to leverage long or short positions on meme tokens.
• Aave DAO has launched its stablecoin GHO on Arbitrum.
• pump.fun has hit a record high of $1.99 million in fees in the past 24 hours.
• Astar Network will burn 350 million ASTR tokens, accounting for 5% of the total supply.
• Pendle’s TVL has dropped by 40% in the past week, with users withdrawing nearly $3 billion in deposits since June 26th.

III. Funding news

• Blockchain data management company SendBlocks has raised $8.2 million in a seed round.
• Pi Squared has raised $12.5 million in a seed round led by Polychain Capital.
• Blockchain oracle project RedStone has raised $15 million in a Series A round led by Arrington Capital.
• Blockchain company OpenLedger has raised $8 million in a seed round, led by Polychain Capital and Borderless Capital.
• On-chain social gaming platform MonkeyBit has raised $2 million in a seed round.
• Solana ecosystem re-staking protocol Solayer has completed its Builders Round funding, participated in by Solana Labs.
• Bitcoin re-staking protocol Lombard has raised $16 million in a seed round.

IV. Regulatory news

• South Korea’s crypto exchanges have established a new code of conduct to re-evaluate over 1,300 cryptocurrencies.
• Danish regulatory authorities have not proposed banning self-custody cryptocurrency wallets.

V. Popular projects 

Market Overview 

BTC oscillated near $62,000 before declining. Currently, the daily chart forms a downtrend center. The recent rebound to around $63,849 will likely continue the downtrend. Failure to quickly stabilize above $64,000 may pose new lows, targeting $54,000-$58,000.

BTC Spot ETF Updates - July 2

Total Net Inflow: $14.63 billion

Daily Net Outflow: $27.73 million

Single-Day Turnover: over $5.08 billion

Proportion of BTC’s Market Value: 4.39%

Breakdown by ETF:

GBTC

Net Asset Value: $16.98 billion (-0.19%)

Single-Day Net Outflow: $32.38 million

Cumulative Net Outflow: $18.55 billion

Single-Day Turnover: $1.84 billion

FBTC

Net Asset Value: $10.45 billion (+0.05%)

Single-Day Net Inflow: $5.42 million

Cumulative Net Inflow: $9.24 billion

Single-Day Turnover: $1.81 billion

ARKB

Net Asset Value: $2.87 billion (+0.09%)

Single-Day Net Inflow: $2.48 million

Cumulative Net Inflow: $2.42 billion

Single-Day Turnover: $723.6 million

MOBILE is up 20% in a day

On June 19th, Helium Mobile (MOBILE) introduced a hotspot licensing program, allowing individuals and businesses to set up "mini mobile signal towers" to transmit signals and earn tokens.

On June 27th, Holdium, another Solana ecosystem project, tweeted that they would airdrop 5% of the Holdium supply to holders who pre-order Solana Mobile "Chapter 2" tokens before July 12.

Upon the news, the MOBILE token has surged 20% in a day, reaching a market cap of $178.43 million.

LNQ is up 10% in a day

LinqAI (LNQ) is an innovative AI solutions provider aiming to transform business landscapes through integration, optimization, and automation processes for a smarter and more efficient future.

The LNQ token currently has a market value of $18.43 million with daily trading volume under $1 million.

MUMU is up 30% in a day

MUMU is a memecoin featuring a bull.  The MUMU token has seen a 30% increase in a day. 

It currently has a market value of $56.07 million with on-chain liquidity reaching $1.38 million.

On-chain Daily

1. FLAPPY: FLAPPY is from "The Night Riders", another creation by Matt Furie, the artist behind Pepe.

Current Price: $0.04235

Historical High: $0.0426

24-hour Change: +181%

Current Market Value: $9.8M

Official Twitter: https://x.com/FlappyCoinErc20

2. DRAGGY: DRAGGY is also from "The Night Riders" comic series, currently community-managed (listed as community takeover or “CTO”).

Current Price: $0.07241

Historical High: $0.07305

24-hour Change: +225%

Current Market Value: $10.1M

Official Twitter: https://x.com/DraggyCTO

3. mao: mao is a memecoin on the Solana chain, featuring an adorable cat with constantly changing appearances, conceptually similar to Michi. It is currently community-managed (CTO).

Current Price: $0.0074

Historical High: $0.0079

6-hour Change: +627 (Token Launch Time: 7/2 14:30 UTC) 

Current Market Value: $7.3M

Official Twitter: https://x.com/MAOcatonsolana

4. GIGA: GIGA is a memecoin on the Solana chain, featuring a group resembling “Chads” in life successes.

Current Price: $0.009

Historical High: $0.019

24-hour Change: +30%

Current Market Value: $87M

Official Twitter: https://x.com/GIGACHAD_meme

5. Doogle: Doogle is a memecoin on the Solana chain created by Matt Furie in 2018.

Current Price: $0.00797

Historical High: $0.00919

24-hour Change: +36%

Current Market Value: $7.9M

Official Twitter: https://x.com/DoogleOnSolana

6. ALB: ALB is a Dex on the Base chain. It currently serves as the mining reward token for Alien Dex.

Current Price: $0.0655

Historical High: $0.134

24-hour Change: 19.6%

Current Market Value: $6.5M

Official Twitter: https://x.com/AlienBaseDEX

Daily Rune Observation

Gas Fee Change: The current BTC transaction fee is 13 bytes/satoshi, remaining low due to Bitcoin's downturn.

Today's Popular Projects

CAMPAIGN•HUSH•MONEY:

- Total pieces: 42,000

- Reserved: 1%

- Currently minted: 39,018

- In memory pool: 241

- Minting progress: 93%

- Holding addresses: 801

MAX•DOG•ONCHAIN:

- Minting: Completed

- A popular project with a market value of 270K

- 24-hour trading volume: $38,000 (207% increase)

- Holding addresses: 973

RUNE•ALPHA•COOK:

- Minting: Completed

- A popular project with a market value of 3.4M

- 24-hour trading volume: $31,000 (167% increase)

- Holding addresses: 10,699

Top Rune Projects Tracking

DOG•GO•TO•THE•MOON: Rune #3, also known as the airdrop Rune of Runestone.

- Current price: 9.67 Sats

- 24-hour change: -7%

- Current Market Value: 9,669 BTC

BAMK•OF•NAKAMOTO•DOLLAR: A synthetic dollar protocol built on Bitcoin L1.

- Current price: 10 Sats

- 24-hour change: -16%

- Current Market Value: 2,099 BTC

RSIC•GENESIS•RUNE: Rune #8, established by the prominent inscription mining project RSIC.

- Current price: 8.5 Sats

- 24-hour change: -4.3%

- Current Market Value: 1,781 BTC

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