Prices of the BEER, CHOMP, and WAT tokens are up in the last 24 hours

Hot projects + Market overview

I. Mainstream exchange news

• Coinbase International has launched perpetual futures trading for Blast, LayerZero, and ZKsync.
• Bybit has started pre-trading for the Hamster Kombat token (HMSTR).
• Bitget has listed BGB/USDT perpetual contracts with up to 50x leverage.
• Binance will delist the BOND/BTC, BOND/USDT, DOCK/BTC, DOCK/USDT, MDX/USDT, and POLS/USDT trading pairs on July 22nd.
• OKX will list the XR/USDT spot trading pair on July 11th.

II. Mainstream projects and trending events

• The German government has reportedly sold 12,366 Bitcoin in the past 24 hours, valued at over $700 million.
• The US Republican Party has unveiled its 2024 party platform, which includes several pro-cryptocurrency policies.
• DigitalX will launch its Bitcoin ETF on the Australian stock exchange on July 12th.
• Grayscale has submitted an updated S-1 form for its Ethereum Mini Trust.
• The Chicago Board Options Exchange (Cboe) has confirmed that two asset managers plan to launch a Solana-based exchange-traded fund (ETF).
• Cryptocurrency ETP provider 21Shares has filed a revised S-1 form for an Ethereum spot ETF with the US SEC.
• BlackRock's tokenized treasury fund BUIDL has grown to almost $500 million.
• Futu Securities has been approved to offer virtual asset trading services to Hong Kong investors.
• Fuel, an Ethereum rollups operating system, has launched a points program ahead of its mainnet launch to allow users to earn future rewards.
• Web3 gaming platform Immutable is set to launch Illuvium, a decentralized gaming studio and DAO, by the end of July.

III. Funding news

• AI startup Hebbia has raised $130 million in a funding round led by a16z.
• Auros will invest $50 million in crypto startups through Auros Ventures.
• Decentralized AI workflow network Questflow Labs has raised $1.5 million from angel investors.

IV. Regulatory news

• ​​The US House of Representatives may vote on July 9th or 10th to overturn Biden's veto of SAB 121, a guidance bulletin that requires certain companies to label digital assets as liabilities on their balance sheets.

V. Popular projects 

Market overview

On July 8th, BTC re-tested a low of $54,260 before rapidly rebounding.

For the downtrend to be considered over, BTC needs to quickly rise and hold above $59,000. If this doesn’t happen, it risks falling back to $51,500.

The release of US CPI data on July 11th could affect BTC prices.

US BTC Spot ETF Updates - July 8

Overall Data: 

Total Net Inflows: $14.87 billion

Daily Net Inflows: $107 million

Single-Day Turnover: over $1.05 billion

Proportion of BTC’s Market Value: 4.43%

Breakdown by ETF: 

GBTC:

Net Asset Value: $15.49 billion (+0.16%)

Single-Day Net Inflows: $25.08 million

Cumulative Net Outflows: $18.58 billion

Single-Day Turnover: $339 million

FBTC:

Net Asset Value: $9.67 billion (+0.64%)

Single-Day Net Inflows: $61.54 million

Cumulative Net Inflows: $9.42 billion

Single-Day Turnover: $406 million

ARKB:

Net Asset Value: $2.62 billion (+3.33%)

Single-Day Net Inflows: $8.44 million

Cumulative Net Inflows: $2.44 billion

Single-Day Turnover: $137 million

BEER is up 30% in a day 

The price of memecoin BEER has seen a 30% daily increase. 

Before its launch on May 23rd, 33% of its tokens were pre-sold, raising $5 million. Since its launch, the price of BEER has surged 30-fold from its low point to its peak. Although it has since dropped 94% from its peak, it still maintains on-chain liquidity of $4.75 million and 24-hour trading volume exceeding $40 million.

WAT is up 60% in a day

The price of the WAT token has increased by 60% in the last 24 hours. 

Inspired by Matt Furie's comic "The Night Riders," the comic follows a nocturnal frog and a mouse on an epic motorcycle adventure towards the sunrise. Wat is also the name of Matt Furie's real pet mouse. 

The total supply of the WAT token is 420.69 billion, and no transaction fees or taxes are imposed on buying, selling, or transferring the token. The LP tokens have been burned with contract ownership renounced. Since its launch on June 17th, WAT has surged 140-fold from its low point, reaching on-chain liquidity of $890,000.

CHOMP is up 20% in a day

CHOMP, a memecoin on the Base chain featuring a guinea pig, has seen a 20% daily increase.

Launched through a fair launch with no taxes, 100% of the presale funds were added to LP. The contract was renounced, and liquidity was locked.

CHOMP has undergone significant adjustments since its launch on April 10th, rising more than 25-fold from its low point, with on-chain liquidity of $2.96 million.

On-chain Daily

1. PLAYTIME: PLAYTIME originated from a character claiming to be the origin of Pepe. Its special feature is a contract address starting with 0x000000000.

Current Price: $0.000592

Historical High: $0.000688

6-hour Change: +129% (Token Launch Time: 7/8, 17:45 UTC)

Current Market Value: $592K

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

2. WAT: WAT is a memecoin on the Ethereum chain, inspired by Matt Furie's pet mouse, and a character in his comic "The Night Riders."

Current Price: $0.00058

Historical High: $0.00058

24-hour Change: +72%

Current Market Value: $24M

Official Twitter: https://x.com/Wat0x63

3. LANDLORD:  LANDLORD is a memecoin on the Solana chain, representing the landlord of Pepe, Andy, and Landwolf.

Current Price: $0.0076

Historical High: $0.022

24-hour Change: +85%

Current Market Value: $6.2M

Official Twitter: https://x.com/LandlordRonald)

Trading Board: https://dexscreener.com/solana/9djrgmvqhxejzerysc4lwcsaeaepxh1pcxuzljvnfv77)

4. RETARDIO: RETARDIO is a memecoin on the Solana chain with an NFT component, resembling Milady. RETARDIO is known for its cult-like atmosphere. Polymarket and Timeswap have frequently mentioned it on X.

Current Price: $0.0615

Historical High: $0.066

24-hour Change: +59%

Current Market Value: $61.5M

Official Twitter: https://twitter.com/retardiosolana?t=wzLXo-0vOrmspM-XdgkEew&s=09

5. MOBY: MOBY is a memecoin on the Base chain. It’s depicted as a blue ocean creature representing a sunny, relaxed atmosphere.

Current Price: $0.000154

Historical High: $0.000286

24-hour Change: +31%

Current Market Value: $1.5M

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

6. Keycat: Keycat is a memecoin on the Base chain. The project is now taken over by the community (CTO). It features the original Keyboard Cat meme from 1978, using the iconic video of a cat playing the piano to highlight moments of failure.

Current Price: $0.00109

Historical High: $0.118

24-hour Change: +26%

Current Market Value: $10.9M

Official Twitter: https://twitter.com/KeyboardCatBase

Daily Rune Observation

Gas Fee Change:

The current BTC transaction fee is 7 bytes/satoshi, remaining low due to Bitcoin's downturn.

Today's Popular Projects

RARE•PUPS•PUPCASH

- Minting: Completed

- A popular project with a market value of $840K

- 24-hour trading volume: $11,000 (27% increase)

- Holding addresses: 1,245

THE•DONALD•TRUMP

- Minting: Completed

- A popular project with a market value of $4.8M

- 24-hour trading volume: $8,836 (69% increase)

- Holding addresses: 3,065

RSM•RUNES•STATE•MACHINE

- Minting: Completed

- A popular project with a market value of $3.5M

- 24-hour trading volume: $35,200 (14% increase)

- Holding addresses: 2,945

Top Rune Projects Tracking

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

- Current price: 8.1 Sats

- 24-hour change: +2%

- Current Market Value: 8,120 BTC

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

- Current price: 10.9 Sats

- 24-hour change: +4.8%

- Current Market Value: 2,290 BTC

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

- Current price: 7.1 Sats

- 24-hour change: +4.4%

- Current Market Value: 1,490 BTC

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