Hot projects + Market overview

I. Mainstream exchange news

• Upbit will list the Galaxy (GAL) KRW trading pair.
• Binance will remove ALGO/ETH, DYM/FDUSD, and SXP/BNB spot trading pairs on July 12th.
• Binance will support the Render (RNDR) token swap and rebranding to Render (RENDER).

II. Mainstream projects and trending events

• Coinbase Ventures has accumulated at least 4.7 million AERO tokens, valued at approximately $2.7 million.
• Sanctum, a Solana ecosystem LST protocol, will launch the CLOUD token on July 18 and open airdrop claims.
• Donald Trump will give a speech at the Bitcoin conference in July.
• Investment firm Franklin Templeton has applied to the US SEC for an Ethereum spot ETF.
• Rostin Behnam, the Chairman of the US CFTC, stated that the Illinois court has confirmed BTC and ETH as digital commodities under the Commodity Exchange Act.
• Mathew McDermott, Goldman Sachs' Global Head of Digital Assets, announced plans to launch three tokenization projects with key clients by the end of 2024, focusing on a US fund complex and a European debt issuance.
• Decentralized AI network SingularityNET has partnered with Filecoin to develop AI and DePIN.
• Starknet's token staking plan will go live on the mainnet in Q4 2024.
• ETF provider T-Rex has launched a 2x leverage long/short spot Bitcoin ETF.
• Gaming hub UXLINK will launch a social group game center on TON.

III. Funding news

• Algorithmic crypto trading platform Tread.fi has raised $3.5 million from a pre-seed funding round.
• Crypto payment startup Kulipa has raised $3 million in a seed funding round.
• Web3 infrastructure protocol ThirdFi has raised $2 million in a token funding round.

IV. Regulatory news

• Rostin Behnam, US CFTC Chairman urges Congress to take swift action in establishing cryptocurrency regulations.
• Taiwan is expected to test a CBDC prototype by the end of 2024.

V. Popular projects 

Market overview

BTC broke through the $59,000 mark, reaching a high of $59,470 before correcting. 

To confirm that the rebound from $53,485 is strong and likely to continue, BTC needs to hold above $59,470. Otherwise, the risk of breaking into new lows remains. 

US BTC Spot ETF Updates - July 10

Overall Data:

Total Net Inflows: $15.38 billion 

Daily Net Inflows: $104 million

Single-Day Turnover: over $638 million

Proportion of BTC’s Market Value: 4.46%

Breakdown by ETF:

GBTC:

Net Asset Value: $15.69 billion (-0.052%)

Single-Day Net Outflows: $8.15 million

Cumulative Net Outflows: $18.62 billion

Single-Day Turnover: $178 million

FBTC:

Net Asset Value: $10.02 billion (+0.58%)

Single-Day Net Inflows: $57.79 million

Cumulative Net Inflows: $9.57 billion 

Single-Day Turnover: $233 million 

ARKB:

Net Asset Value: $2.73 billion (+0.211%)

Single-Day Net Inflows: $5.74 million

Cumulative Net Inflows: $2.49 billion

Single-Day Turnover: $72.38 million 

SATS is up 18% in a day

UniSat has progressed in systematically scaling Bitcoin with a method called Fractal Bitcoin. This approach utilizes Fractal Swap, a swap product similar to the mainnet swap module, to ensure projects have good liquidity from the outset.

The price of SATS, the token used for gas fees in Fractal Swap, has surged 78% from its low point and reached $0.0002.

GAL is up 15% in a day

Galxe (GAL) is a Web3 credential data network that helps developers and projects in utilizing credential data. 

On July 4th, Binance announced they would support GAL's migration to the G token. Existing GAL tokens will be converted to G tokens at a 1:60 ratio. 

On July 11th, Upbit announced the listing of the GAL trading pair, further boosting GAL's performance.

PEIPEI is up 15% in a day

The price of PEIPEI, the Chinese version of Pepe, has reached a new all-time high with a market value of $132 million. 

It has over 27,000 holding addresses, on-chain liquidity of $3.23 million, and a 24-hour trading volume of $210 million.

On-chain Daily

1. BARRON: BARRON is a memecoin on the Ethereum chain, featuring the son of Donald Trump, Donland Barron.

Current Price: $0.00197  

Historical High: $0.0024  

6-hour Change: +186% (Token Launch Time: 7/10, 06:15 UTC)  

Current Market Value: $1.9M  

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

2. PEIPEI: PEIPEI is the Chinese version of Pepe, known for its completely red body and star-flag hat. Recently, it has been performing strongly, continuously hitting new highs.

Current Price: $0.0(6)315  

Historical High: $0.0(6)381  

24-hour Change: +16%  

Current Market Value: $132M  

Official Twitter: https://x.com/Peipeierc20

3. BUDDY: BUDDY is a memecoin on the Solana chain, featuring a dog raising its paw. It is currently taken over by the community (CTO).

Current Price: $0.0042  

Historical High: $0.00475  

24-hour Change: +475%  

Current Market Value: $4.2M  

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

4. SAGE: SAGE is a memecoin on the Solana chain. It's created by a TikTok influencer and designed in an American cartoon style.

Current Price: $0.033  

Historical High: $0.044  

24-hour Change: +61%  

Current Market Value: $33M  

Official Twitter: https://x.com/SAGEUNIVERS3

5. BWORM: BWORM is an AI project on the Base chain, promoted and participated in by Jesse, the founder of the Base chain. The project involves fields such as neural repair technology, robotics, and clean energy and is highly controversial in Web 2.

Current Price: $1240  

Historical High: $2681  

6-hour Change: +50% (Token Launch Time: 7/10, 20:15 UTC)  

Current Market Value: $3.2M  

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

6. BEAST: BEAST is a memecoin on the Base chain, inspired by the famous American YouTuber Mr. Beast.

Current Price: $0.172  

Historical High: $0.812  

24-hour Change: +36%  

Current Market Value: $1.7M  

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

Daily Rune Observation

Gas Fee Change: The current BTC transaction fee is 8 bytes/satoshi, remaining low due to Bitcoin's downturn.

Today's Popular Projects

THE•DONALD•TRUMP

Minting: Completed

A popular project with a market value of $4.8M

24-hour trading volume: $41,280 (68% increase)

Holding addresses: 3,095

BRIDGE•OP•CAT•RUNES

Minting: Completed

A popular project with a market value of $195K

24-hour trading volume: $119,647 (64% increase)

Holding addresses: 1,288

NIKOLA•TESLA•GOD

Minting: Completed

A popular project with a market value of $3.14M

24-hour trading volume: $4,585 (21% increase)

Holding addresses: 1,253

Top Rune Projects Tracking

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

Current price: 7.5 Sats

24-hour change: -3.3%

Current Market Value: 7,500 BTC

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

Current price: 8.6 Sats

24-hour change: -4%

Current Market Value: 1,820 BTC

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

Current price: 6.88 Sats

24-hour change: -0.15%

Current Market Value: 1,440 BTC

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