BTC has been correcting for about 100 days, eyes $67.4K-$68.7K

Hot projects + Market overview

I. Mainstream exchange news

• Coinbase International and Coinbase Advanced will launch a Pre-Launch market.
• Binance has launched the ‘cat in a dogs world’ (MEW) perpetual contract.
• Binance Contract has launched the ZKsync (ZK) perpetual contract.
• Coinbase Pre-Launch Market will launch the EIGEN-PERP contracts.
• Bithumb has launched the ZKsync (ZK) token in the Korean market.

II. Mainstream projects and trending events

• Daily block rewards for IO Workers will start distribution from June 25th.
• GameStop will focus on profits and avoid extreme stock price fluctuations caused by speculation.
• SoftBank announced a strategic partnership with the Perplexity AI search engine.
• Avatar customization platform Stoodio will migrate from the Flow chain to the Base chain.
• BitMEX co-founder Arthur Hayes predicts that Aptos will surpass Solana as the second-largest L1 in the next three years.
• Merlin Chain has launched a 210 million MERL ecosystem incentive plan.
• Tiger Securities is launching virtual asset trading services for retail investors in Hong Kong.
• Minneapolis Federal Reserve President Neel Kashkari expects an interest rate cut in December.

III. Regulatory news

• Crypto trading company Cumberland has obtained a BitLicense in New York State.
• David Hirsch, who heads the US SEC's Crypto Asset and Network Division, resigns after nine years in office.
• South Korea will launch a $14.5 million blockchain support plan for the public and private sectors.

IV. Popular projects 

Market Overview 

BTC fell to a low of $64,569, before rebounding to $65,000. This fall and rebound fits the minimum standards for market adjustment. BTC has spent nearly 100 days adjusting from its previous high of $73,777. The market awaits a breakthrough in the $67,400-$68,700 range.

US BTC Spot ETF - June 17th

Overall Data

Total Net Inflow: $14.96 billion

Daily Net Outflow: $145 million

Single-Day Turnover: $568 million

Proportion of BTC’s Market Value: 4.43%

Breakdown by ETF:

GBTC

Net Asset Value: $18.68 billion

Single-Day Net Outflow: $3 million

Cumulative Net Outflow: $18 billion

Single-Day Turnover: $198 million

FBTC

Net Asset Value: $11.36 billion

Single-Day Net Outflow: $92 million

Cumulative Net Inflow: $9 billion

Single-Day Turnover: $204 million

ARKB

Net Asset Value: $3.07 billion

Single-Day Net Outflow: $50 million

Cumulative Net Inflow: $2 billion

Single-Day Turnover: $75.47 million

DJT's market value exceeded $200 million

DJT was newly listed on June 18th. There were rumors that the token was issued by presidential candidate, Donald Trump himself. However, this has been debunked by multiple sources. 

The token's market value exceeded $200 million, its liquidity on Raydium reached $67.65 million, and the trading volume over the past 24 hours exceeded $200 million.

VELO is up 15% in a day

Velodrome (VELO), a leading DEX within the Optimism ecosystem, benefits significantly from the Ethereum hype, driven by events such as the Cancun upgrade and expectations surrounding ETFs, leading to speculative trading.

VELO's recent drop has already reached around the previous low, and if there are any news triggers for ETH's ETF, it's expected to hold some speculative value.

LSD sector

Should the ETH ETF gain approval, aside from traditional DeFi ventures such as UNI and AAVE, which offer speculative opportunities, older projects within the LSD sector like LDO, RPL, and SSV may also see heightened expectations.

Additionally, recent trends indicate continuous capital inflows and a degree of fund rotation within LRT projects like REZ and ETHERFI. It's advisable to monitor the flow of capital post-major market stabilization.

On-chain Daily

1. WOOF: WOOF is a memecoin on the Ethereum chain, known as the reversed version of the well-known memecoin MEW, dubbed "cat in a dogs world", while WOOF's is "dog in cats world".

Current Price: $0.0(4)403

Historical High: $0.0(4)531

4-hour Change: 43% (Token Launch Time: 6/17, 21:45 UTC)

Current Market Value: $4M

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

Trading Dashboard: https://dexscreener.com/ethereum/0x30f40dc09e0217ec98805ff5b263a47e87534774

2. BILLY: BILLY is a memecoin on the Solana chain, featuring a cute dog. The coin went viral because Binance replied "GM" underneath its post.

Current Price: $0.0295

Historical High: $0.075

24-hour Change: +3500%

Current Market Value: $29.5M

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

Trading Dashboard: https://dexscreener.com/solana/9uww4c36hictgr6pzw9vfhr9vdxktz8na8jvnzqu35pj

3. DJT: DJT is a memecoin on the Solana chain, that features Donald Trump. It's rumored to have been issued by Trump himself.

Current Price: $0.0257

Historical High: $0.055

6-hour Change: +200%

Current Market Value: $257M

Official Twitter: (Using Trump's Twitter) https://x.com/realDonaldTrump

Trading Dashboard: https://dexscreener.com/solana/3pehtdu1ujvsi3arxymcafzq9tbxhvta7vjdnbfu3t8b

4. FLOCKA: FLOCKA is a memecoin on the Solana chain, issued by famous American rapper Waka Flocka.

Current Price: $0.0048

Historical High: $0.029

6-hour Change: -6.2%

Current Market Value: $4.8M

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

Trading Dashboard: https://dexscreener.com/solana/7ecvdoojcej6ac99vpwwjcdzsw7fytdnqwkbhlrrmrgh

5. XMRB: XMRB is a memecoin on the Base chain, representing a Base version of Monero (XMR).

Current Price: $0.013

Historical High: $0.013

6-hour Change: +110%

Current Market Value: $208K

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

Trading Dashboard: https://dexscreener.com/base/0xf4131f51d80688f76c958d4e348e9dab2dc274b9

6. BCHB: BCHB is a memecoin on the Base chain. It is the Base version of BCH.

Current Price: $0.0228

Historical High: $0.0252

24-hour Change: +185%

Current Market Value: $363K

Daily Rune Observation

Gas Fee changes: The current BTC transaction fee is 18 satoshis/byte, there are no significant changes in 24 hours. The overall handling fee is kept low due to the current poor market environment.

Today's Popular Projects

ITTY•BITTY•TITTIES: Total of 30,694 pieces, 0% reserved. Currently, 17,854 pieces have been minted, 1,429 pieces are in the memory pool and the minting progress has reached 62%. There are 235 holding addresses.

RUNIC•TAPROOT•WIZARD: With a total supply of 100,000 pieces, 0% reserved. The current minted quantity is 98,249 pieces, with 421 pieces in the memory pool. Overall minting progress is 98%, and there are 1,848 holding addresses.

Top Runes Projects Tracking

DOG•GO•TO•THE•MOON: Runes #3, also known as the airdrop Runes of Runestone. Current price: 9.54 Sats, 24-hour increase: -8.27%, Current Market Value: 9,539 BTC.

BANK•OF•NAKAMOTO•DOLLAR: A synthetic dollar protocol built on Bitcoin L1. Current price: 20 Sats, 24-hour increase: 9.09%l Current Market Value: 4,199 BTC.

RSIC•GENESIS•RUNE: Runes #8, also the Runes created by the famous inscription mining project RSIC. Current price: 10.59 Sats, 24-hour increase: 13.55%, Current Market Value: 2,220 BTC.

*BILLION•DOLLAR•CAT has been continually increasing recently, worth tracking and observing.

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