Hot projects + Market overview
I. Mainstream exchange news
- S. Korean exchange Upbit will list the Blast (BLAST) token.
- Binance has updated its fiat trading market maker program.
- The JPY market is incorporated into the Binance Fiat Liquidity Provider Program starting June 25th.
II. Mainstream projects and trending events
- ZKsync's valuation has dropped by 40% since the launch of ZK tokens.
- Germany's RWA tokenization platform, Swarm Markets, will allow users to purchase NFTs representing ownership of gold.
- US Presidential candidate Donald Trump is in talks to speak at the Bitcoin 2024 conference set for late July in Nashville.
- DEX Screener launched the token issuance trading platform Moonshot.
- The Biden administration has rehired its former crypto advisor, Carole House.
- Jump Crypto president, Kanav Kariya, announced his resignation.
- Orderly Network, the chain-wide derivatives liquidity layer, will increase its airdrop amount from 10% to 13.3% of the total supply.
- Over $300 million worth of stETH has been deposited into AO.
- Stablecoin issuer Tether will stop minting USDT on EOS and Algorand.
- OKX Web3 wallet has integrated Jito to enhance users' Solana network trading experience.
- a16z crypto submitted feedback on the draft US IRS 1099-DA form, proposing a gradual implementation of regulations and the exclusion of non-custodial wallets and payment processors from the broker category.
III. Funding news
- Crypto mining company Hut 8 has raised $150 million from Coatue Management to build AI-related infrastructure.
- Decentralized AI network Allora Labs has raised $3 million in strategic funding.
- Blockchain-based carbon removal startup Net Zero has raised $5.5 million from a seed round.
- Berachain's liquidity staking protocol Infrared Finance received a strategic investment from Binance Labs.
IV. Regulatory news
- The Financial Services Commission of South Korea will establish a virtual asset committee composed of public and private sector experts.
- The Korea Institute of Finance said cryptocurrency ETFs have more drawbacks than benefits.
V. Popular projects
Market Overview
BTC dropped to a low of $58,402 but showed signs of recovery. There are two possible scenarios:
$58,402 could be the bottom, with BTC consolidating sideways and potentially forming a triangular pattern around $62,000.
$58,402 might break, leading to a new, lower trading range. To negate this, BTC needs to surpass $62,500 and hold.
It is suggested that traders focus on breakout signals for assets like BTC and ETH.
US BTC Spot ETF Updates - June 24
Overall Data:
Total Net Inflow: $14.39 billion
Daily Net Outflow: $174 million
Single-Day Turnover: over $1.35 billion
Proportion of BTC’s Market Value: 4.38%
Breakdown by ETF:
GBTC:
Net Asset Value: $16.36 billion (-0.55%)
Single-Day Net Outflow: $90 million
Cumulative Net Outflow: $18 billion
Single-Day Turnover: $452 million
FBTC:
Net Asset Value: $9.96 billion (-0.35%)
Single-Day Net Outflow: $35 million
Cumulative Net Inflow: $9 billion
Single-Day Turnover: $469 million
ARKB:
Net Asset Value: $2.73 billion (-0.26%)
Single-Day Net Outflow: $7 million
Cumulative Net Inflow: $2 billion
Single-Day Turnover: $211 million
Memecoin Performance Highlights
WIF
- What is it: Leading Solana memecoin
- Recent price movement: Down over 60% from its peak, rebounded over 30% in a day
- Catalyst: Whale stop-loss triggered market interest
BOME
- What is it: Rising Solana memecoin
- Recent price movement: Down 50% from peak, near previous lows, up 15% in a day
- Catalyst: Strong token performance
PEOPLE
- What is it: Election-themed memecoin, fair distribution
- Recent price movement: Down 45% from peak, $460M market cap
- Catalyst: US elections anticipation
PEPE
- What is it: Top ETH ecosystem memecoin
- Recent price movement: Down 40% from peak, rebounded 15%
- Catalyst: Linked to ETH ETF speculation
MOG
- What is it: Launched on the ETH chain in 2023, originated from the fitness community
- Recent price movement: Up 32%, $517M market cap
- Catalyst: High attention
POPCAT
- What is it: Cat-themed Solana memecoin, not on major exchanges
- Recent price movement: Up 63% in a day, $400M market cap
- Catalyst: Highly active funds, strong performance
On-chain Daily
- SENDY: SENDY is a memecoin on the Ethereum chain, featuring Pepe created by Matt Furie.
Current Price: $0.00541
Historical High: $0.0115
6-hour Change: 177%
Token Launch Time: 6/24, 13:45 UTC
Current Market Value: $397K
Official Twitter: https://x.com/SendyErc20
Trading Board: https://dexscreener.com/ethereum/0x39db3cdd439b32c8d96b4fd65c7304c5b60f8610
- WAT: WAT is a memecoin on the Ethereum chain, inspired by Matt Furie's pet mouse featured in his comic "Niteriders."
Current Price: $0.04158
Historical High: $0.042
24-hour Change: 122%
Current Market Value: $6.6M
Official Twitter: https://x.com/Wat0x63
Trading Board: https://dexscreener.com/ethereum/0x483778fefb36bb9b8669ea8d010058fbee07dde2
- MC: Meme coin on Solana named Moon Cat, issued on the Moonshot asset platform by Dex Screener.
Current Price: $0.00123
Historical High: $0.0242
6-hour Change: +50%
Token Launch Time: 6/24, 17:15 UTC
Current Market Value: $1M
Official Twitter: https://x.com/Mooncat_CTO
Trading Board: https://dexscreener.com/solana/swacxyklvav3ywbuzkkjbiw1juytxhiwtevtvenvu9m
- WATER: WATER is a memecoin on the Solana chain, started presale on Juan 21 and raised over 300,000 SOL in five minutes. However, developers reportedly dumped WATER tokens worth over $2 million recently.
Current Price: $0.00212
Historical High: $0.0132
6-hour Change: +11%
Token Launch Time: 6/24, 15:00 UTC
Current Market Value: $190M
Official Twitter: https://x.com/WaterMemeCoin
Trading Board: https://dexscreener.com/solana/2c9f3unmbxftqesmsscbw5yxjwd9hxfsmlxti9mqtwpr
- BOOMER: BOOMER is a memecoin on the Base chain, focusing on community building, education, and on-chain user training. Base founder Jesse Pollak has also bought Boomer.
Current Price: $0.0219
Historical High: $0.06
24-hour Change: +15%
Current Market Value: $20.3M
Official Twitter: https://twitter.com/BoomerOnBase
Trading Board: https://dexscreener.com/base/0xa926342d7f9324a1dbde8f5ab77c92706f289b5d
- Chomp: Chomp is a memecoin on the Base chain, featuring an aggressive orange guinea pig.
Current Price: $0.49
Historical High: $1.01
24-hour Change: +25%
Current Market Value: $46M
Official Twitter: https://x.com/chompcoin
Trading Board: https://dexscreener.com/base/0xd95bae63641d822dc591bd4aca7a64e53eac76f9
Daily Rune Observation
Gas Fee Change: The current BTC transaction fee is 8 bytes/satoshi, with no significant change in the last 24 hours, maintaining a low point due to the sluggish market.
Today's Popular Projects
THE•DEV•IS•A•GIRL
- Total pieces: 100,001
- Reserved: 0%
- Currently minted: 3,588
- In memory pool: 1,253
- Minting schedule: 4%
- Holding addresses: 115
MAGIC•SPELLCAST
- Total pieces: 50,000
- Reserved: 0%
- Currently minted: 23,042
- In memory pool: 166
- Minting schedule: 47%
- Holding addresses: 515
STUPID•SILLY•CAT
- Minting: Completed
- Market value: $2.57M
- 24-hour trading volume: $61,800 (128% increase)
- Holding addresses: 1,973
Top Runes Projects Tracking
DOG•GO•TO•THE•MOON: Rune #3, also known as the airdrop Rune of Runestone.
Current price: 9.48 Sats
24-hour change: 13.5%
Current Market Value: 9,479 BTC.
BAMK•OF•NAKAMOTO•DOLLAR: A synthetic dollar protocol built on Bitcoin L1.
Current price: 1.99 Sats
24-hour change: -0.01%
Current Market Value: 2,517 BTC.
RSIC•GENESIS•RUNE: Rune #8, established by the prominent inscription mining project RSIC. Current price: 9 Sats
24-hour change: 3.45%
Current Market Value: 1,886 BTC.
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