BTC may dip below $64.5k before another rally

Hot projects + Market overview

I. Mainstream exchange news

• WOO X has listed the TRUMP (MAGA) and MOTHER (Mother Yich) perpetual contracts, with plans to list the APU (Apu Apustaja) and Wojak perpetual contracts.
• HTX will support the official plan of the PEPPER (PEPPER) project, airdropping PEPPER tokens to CHZ holders.
• Bitget has launched 10000WHY/USDT and DEEP/USDT perpetual contracts with up to 20x leverage.
• Binance has listed the BNSOL/USDT spot trading pair.

II. Mainstream projects and trending events

• Vitalik Buterin has highlighted that Ethereum could reach over 100,000 transactions per second using Layer 2 solutions. He emphasized the need for a unified Ethereum ecosystem linked by standards like ERC-7683 and discussed integrating Layer 2s as universal light clients to boost security and operational efficiency.
• Bitwise, a cryptocurrency index fund and asset management company, has updated its submission for launching an XRP-based ETF by revising its S-1 registration with the USSEC with a new filing refining the details of the Trust’s structure, custody arrangements, and the mechanisms for creation and redemption of shares.
• Robinhood, a commission-free trading app founded in 2013, now supports Bitcoin futures trading.
• Pendle, a decentralized finance (DeFi) platform, has collaborated with Sky, a liquidity protocol, to launch the sUSDS market.
• MoonPaya, a leading financial technology company, has partnered with Ripple, the company behind the XRP token, to allow users to buy XRP.
• Fuel Labs, a developer of high-performance modular execution layers for blockchains, has launched the Ignition Rollup network, focusing on parallelization and UTXO-based models.
• BuildKey, an asset-launch platform, is conducting its first-round airdrop snapshot.
• Marc Andreessen is distancing himself and a16z from the GOAT memecoin, which surged from a $5,000 market capitalization to $150 million at its peak amid speculation that it was created by the Truth Terminal AI Bot—a project he funded with a $50,000 research grant without any conditions.
• Ondo’s yield-stablecoin USDY has surpassed $100 million TVL on Solana.

III. Funding news

• Mento, an EVM-compatible stablecoin platform on Celo, has raised $10 million participated in by T-Capital and HashKey Capital.
• African crypto exchange Yellow Card has secured $33 million in a Series C round led by Blockchain Capital.
• Binance Labs has invested in Lombard, the developer, and distributor of LBTC, a security-first Bitcoin liquid staked token that allows both individual holders and large institutions to earn a yield on their Bitcoin while leveraging their assets in DeFi.
• USDh issuer Hermetica has raised $1.7 million in funding led by UTXO Management.
• Crypto media CoinDesk has acquired UK-based CCData and CryptoCompare to enhance its offerings, including CoinDesk Indices and the CD20 index.

IV. Regulatory news

• The Chief Executive of the Hong Kong Special Administrative Region, John Lee, stated that the government will continue to promote the policy stance and guidelines for innovative financial services applications of central bank digital currency, mobile payments, virtual banks, virtual insurance, and virtual asset trading using artificial intelligence.
• Italy is planning to raise its capital gains tax on Bitcoin from 26% to 42% as part of the effort to finance expensive election promises while cutting the fiscal deficit.

V. Popular projects 

Market overview 

 BTC is showing two potential trends.  

The first suggests that the breakout from $62,448 (daily MA140) has started a sustained upward trend, continuing as long as BTC stays above this level.  

The second trend points to a potential correction phase, which would be confirmed if BTC falls below $64,593 (1-hour MA140). This adjustment could set the stage for a subsequent upward trend once complete. 

NPCS is up 66% in a day  

The price of NPCS, a memecoin touted as a Degen derivative of Wojak, has soared 66% in the last 24 hours. 

It's known for adding humor and relatability to the often stressful and fast-paced world of cryptocurrency. 

The token has reached $1 million in on-chain liquidity and a market cap of $36 million. 

CAW is up 64% in a day 

CAW (Crow With Knife), a memecoin launched on the Cronos network, aligning with playful themes like Doge Wif Hat (WIF), has surged 64% in the past 24 hours. 

There are 10,600 addresses holding CAW, with on-chain liquidity totaling $3.1 million and a 24-hour trading volume of $2.63 million. 

BILLION•DOLLAR•CAT is up 46% in a day 

The price of BILLION•DOLLAR•CAT (BDC), a memecoin featuring a horizontally reversed BTC eye design, has surged 46% in the last 24 hours. 

Users can upload their PFP on the official website to receive an NFT with "Billy glasses," making it popular in the community.  

The token, formatted in Runes, is highly popular within the community and currently holds a market value of $100 million. 

DOGE is up 13% in a day 

The price of DOGE (Department Of Government Efficiency), a memecoin inspired by Elon Musk's tweet, has spiked 13% in the past 24 hours. 

The DOGE token has reached $1.4 million in on-chain liquidity and a market cap of $26 million. 

SKBDI is up 50% in a day 

The price of SKBDI, a memecoin inspired by the viral character Skibidi Toilet from the popular web animation series “Skibidi Toilet”, has surged 50% in the last 24 hours. 

With over 20 million dedicated fans and billions of views, the Skibidi Toilet meme has become the "Meme of the Year" for 2023. 

The SKBDI token has reached a market cap of $44.73 million. 

On-chain daily

1. LUNA: LUNA is a memecoin on Base, featuring Vtuber and AI.

• Current Price: $0.004994
• Historical High: $0.01092
• 24-Hour Increase: 45,839%
• Market Cap: $4.9M
• Official Twitter: https://x.com/luna_virtuals

2. Retardia: Retardia is a Solana memecoin, featuring feminist concept, an extension of RETARDIO.

• Current Price: $0.004342
• Historical High: $0.005119
• 24-Hour Increase: 73.72%
• Market Cap: $4.3M
• Official Twitter: https://x.com/retardiasolana

3. DOLAN: DOLANA is a Solana memecoin featuring Dolan Duck, a character depicted as a psychopathic killer.

• Current Price: $0.6392
• Historical High: $0.7053
• 24-Hour Increase: 66.99%
• Market Cap: $62.8M
• Official Twitter: https://x.com/DolanDuckSol69

4. CLANKER: CLANKER is a Solana memecoin featuring an anti-AI concept.

• Current Price: $0.003658
• Historical High: $0.004205
• 24-Hour Increase: 5,953%
• Market Cap: $3.6M
• Official Twitter: https://x.com/clankeronsol

5. Ponzi Express: Ponzi Express is a DApp allowing users to create their own tokens.

• Current Price: $0.01456
• Historical High: $0.01559
• 6-Hour Increase: 95.68%
• Market Cap: $1.4M
• Official Twitter: https://x.com/ponziexpress

6. BEPE: BEPE is a dynamic social DeFi platform backed by the BEPE token, an extension of PEPE.

• Current Price: $0.005007
• Historical High: $0.005074
• 24-Hour Increase: 129%
• Market Cap: $5.0M
• Official Twitter: https://x.com/BepeOnBASE

Bitcoin Ecosystem Overview

BTC Mainnet Gas Fee Update:

• Current BTC transaction fee: 6 satoshis/byte.
• Fees show signs of a slight decrease, with a notable drop earlier this morning.

Fractal Bitcoin Gas Fee Update:

• Transaction fee: 90 satoshis/byte.
• Fees hit a recent low this morning, decreasing by more than 23% compared to the previous day.

Inscription, Rune, and Fractal Bitcoin Leading Token Tracking

ORDI:

Price: $36.72

24-hour change: -4.26%

Market Cap: $771.14M

DOG:

Price: $0.0056

24-hour change: +1.61%

Market Cap: $560M

FB:

Price: $6.12

24-hour change: -8.14%

Market Cap: $23.37M

Today's Popular Projects:

OESONE: 

Type: Fractal Bitcoin Inscription

Market Cap: $525.86K

24-hour Volume: $1.09K

24-hour Change: +2.12%

Number of Addresses: 1,369

Ordi:

Type: Inscription

Market Cap: $841.08M

24-hour Volume: $1.83K

24-hour Change: +4.1%

Number of Addresses: 26,449

KODA•FLUFFINGTON: 

Type: Rune

Market Cap: $2.15M

24-hour Volume: $195K

24-hour Change: +5090.76%

Number of Addresses: 874

Disclaimer

The development and market cap of stablecoins mentioned in the above content is speculative and based on market analysis at the time of writing and should not be interpreted as guaranteed outcomes. Market conditions can fluctuate widely and unpredictably due to numerous factors such as regulatory changes, market demand, and global economic developments. 

The information provided in this article is for general informational purposes only and does not constitute financial, investment, legal, or professional advice of any kind. While we have made every effort to ensure that the information contained herein is accurate and up-to-date, we make no guarantees as to its completeness or accuracy. The content is based on information available during writing and may be subject to change.

Please note that this article includes references to third-party websites and dataduring provided solely for convenience and informational purposes. We do not endorse or assume any responsibility for the content, accuracy, or reliability of any information, products, or services offered by third parties.

Cryptocurrencies involve significant risk and are NOT suitable for the majority of investors. The value of digital currencies can be extremely volatile, and you should carefully consider your investment objectives, level of experience, and risk appetite before participating in any staking or investment activities.

We strongly recommend that you seek independent advice from a qualified professional before making any investment or financial decisions related to cryptocurrencies. We shall in NO case be liable for any loss or damage arising directly or indirectly from the use of or reliance on the information contained in this article.