Election memecoins MAGA and MAGANOMICS are up in 24 hours

Hot projects + Market overview

I. Mainstream exchange news

• Binance US will stop serving users in Washington state starting August 20th.
• OKX is set to launch CVX/USDT perpetual contracts.
• Binance Futures Copy Trading has added TON/USDT perpetual contracts.

II. Mainstream projects and trending events

• IO.NET block rewards have been launched on the IOG Network.
• The total supply of BLAST tokens is 100 billion, with 17 billion allocated for the initial airdrop.
• Amber Group has received 2.2 billion tokens that were transferred by the BLAST project team, potentially becoming BLAST's sole liquidity provider.
• The Ethereum spot ETF approval process is progressing smoothly, says US SEC Chairman Gary Gensler.
• American investment management firm VanEck has submitted Form 8-A for its Ethereum spot ETF and plans to temporarily waive fees for Ethereum spot ETFs.
• Fantom Foundation has announced an airdrop of 190 million S tokens to Opera and Sonic users.
• Season 3 of Ether.fi will launch on July 1st, with an airdrop of 25 million ETHFI tokens.
• Stani Kulechov, founder of Decentralized lending platform Aave says, the first Aave market tailored for Lido, a liquid staking solution, is set to launch.
• Solana’s DEX Jupiter has released Jupiter Swap V3 to improve the overall user experience, offering instant routing. 

III. Funding news

• Crypto infrastructure offering Conduit has raised $37 million from a Series A round, led by Paradigm and Haun Ventures.
• Decentralized proof network NovaNet has raised $3 million from a seed round.
• Colosseum, a startup accelerator focused on Solana, has raised $60 million for early-stage investments.
• Chain Abstract Intent Engine ENSO has raised $4.2 million.
• Solana ecosystem DePin project Shaga has raised $1 million from an angel round, led by Arca.
  

IV. Regulatory news

• US Congress members have proposed allowing federal income tax payments to be made in Bitcoin.
• The S. Korean State Council has approved the "Virtual Asset User Protection Act,” with it becoming effective on July 19th. The decree stipulates that Virtual Asset Service Providers (VASPs) must secure user deposits through banks.

V. Popular projects 

Market Overview

BTC rose to $62,487, surpassing the $62,000 mark and reversing its short-term downtrend. However, a definitive breakout would require BTC to stabilize above $66,000.

Two possible scenarios remain: 

• The short-term adjustment could have concluded, marked by subsequent volatile movement between $61,000 and $62,000. 
• There is a possibility of declining to $58,402, or even breaking the previous low of $56,552, although the likelihood of this scenario is low and warrants ongoing monitoring.

BTC Spot ETF Updates - June 25

Overall Data:

Total Net Inflow: $14.42 billion

Daily Net Inflow: $310.1 million

Single-Day Turnover: over $1.11 billion

Proportion of BTC’s Market Value: 4.4%

Breakdown by ETF:

GBTC:

Net Asset Value: $17.11 billion (-0.55%)

Single-Day Net Outflow: $30 million

Cumulative Net Outflow: $18 billion

Single-Day Turnover: $340 million

FBTC:

Net Asset Value: $10.39 billion (-0.35%)

Single-Day Net Inflow: $49 million

Cumulative Net Inflow: $9 billion

Single-Day Turnover: $371 million

ARKB:

Net Asset Value: $2.81 billion (-0.26%)

Single-Day Net Outflow: $6 million

Cumulative Net Inflow: $2 billion

Single-Day Turnover: $215 million

MAGA is up 28% in a day

MAGA, an election-themed memecoin, announced Web3 investment firm DWF as its partner on June 19th. The following confirmation from DWF lifted market expectations. 

MAGA’s price had declined  36% from its peak, but is up by 28% in the last 24 hours, with a market value of around $150 million and a daily trading volume exceeding $126 million. 

As the US presidential election nears, the market is expected to see heightened hype around election-related memecoins.

BOOMER up 19% in a day

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.

BOOMER's current market value is $24.42 million, with on-chain liquidity of only $880,000 and a daily trading volume of $577,000.

On-chain Daily

1. MAGA: MAGA is an election-themed memecoin. It announced Web3 investment firm DWF as its partner on June 19th. The following response of DWF lifted market expectations. 

Current Price: $0.000398

Historical High: $0.000721

24-hour Change: +35%

Current Market Value: $163.6M

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

Trading Panel: https://dexscreener.com/ethereum/0x0c3fdf9c70835f9be9db9585ecb6a1ee3f20a6c7

2. MAGANOMICS: MAGANOMICS is a memecoin on the Ethereum chain, combining the concepts of MAGA (Trump's slogan) and ECONOMICS.

Current Price: $0.0454

Historical High: $0.04597

24-hour Change: +67%

Current Market Value: $22.7M

Official Twitter: https://x.com/maganomics2024

Trading Panel: https://dexscreener.com/ethereum/0x8c13d5a6635216513ebfb4483397be14d494ad76

3. VIVOOK: VIVOOK is an election-related memecoin on the Solana chain issued by pump.fun. Its logo has the same artistic style as Boden.

Current Price: %0.00206

Historical High: %0.00389

6-hour Change: +144% (Token Launch Time: 6/25 17:30 UTC)

Current Market Value: $2.1M

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

Trading Panel: https://dexscreener.com/solana/33qepks7i8azqsqf8qgqdt9vqdeksn2cwazzcqvtty6w

4. JASON: JASON is a celebrity memecoin on the Solana chain. It was initially issued by famous American singer Jason Derulo and later community-managed (CTO).

Current Price: $0.0162

Historical High: $0.0187

24-hour Change: +106%

Current Market Value: $16.2M

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

Trading Panel:  https://dexscreener.com/solana/4xmdx5umx7qt3uvmapdxzwpqefx2wzf4tz69xamnyf3x

5. Peplo: Peplo is a memecoin on the Base chain, known as Peplo Escobar, referencing former Colombian drug lord Pablo Escobar.

Current Price: $0.0012

Historical High: $0.0013

24-hour Change: +53%

Current Market Value: $1.1M

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

Trading Panel: https://dexscreener.com/base/0x5e5344baf5fbcac1269c7f860500198052b4e4d0

6. GTRUMP: GTRUMP is a Base memecoin with the most victorious image among Trump memecoins.

Current Price: $0.04487

Historical High: 40.04488

24-hour Change: +35%

Current Market Value: $2.2M

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

Trading Panel: https://dexscreener.com/base/0xa788561ed51a8d5c85ee24a9f129f481aef1f709

Daily Rune Observation

Gas Fee Change: The current BTC transaction fee is 12 bytes/satoshi, with a 50% increase in the last 24 hours, reflecting a rebound in Bitcoin prices.

Today's Popular Projects

MAX•DOG•ONCHAIN:

- Total pieces: 100,000

- Reserved: 0%

- Currently minted: 21,248

- In memory pool: 3,875

- Minting schedule: 22%

- Holding addresses: 202

HONK•HONK•GOOSE:

- Minting: Completed

- Market value: $690K

- 24-hour trading volume: $157,000 (+73%)

- Holding addresses: 66

CATS•IN•THE•SATS:

- Minting: Completed

- Market value: $4.4M

- 24-hour trading volume: $35,500 (+63%)

- Holding addresses: 2,545

Top Runes Projects Tracking

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

- Current price: 10.43 Sats

- 24-hour change: +8.9%

- Current Market Value: 10,429 BTC

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

- Current price: 14.75 Sats

- 24-hour change: +23%

- Current Market Value: 3,097 BTC

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

- Current price: 10.45 Sats

- 24-hour change: +16%

- Current Market Value: 2,190 BTC

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