Failure to hold $67K may prompt BTC to test the $64K-$66K range

Hot projects + Market overview

I. Mainstream exchange news

• Coinbase lists a166z-backed Pirate Nation (PIRATE).
• Coinbase International will list BOME and NOT perp contracts.

II. Mainstream projects and trending events

• Zapper launches Zapper Protocol, ZAP token to be released in Q4.
• Arweave AO launched AO token minting. AR holders can receive AO tokens.
• DWF Labs is the GME project’s market maker.
• The US SEC maintains an uncertain stance on the characteristics of ETH, while the CFTC confirms ETH as a commodity.
• StarkWare is to launch L3 on Starknet.
• BNB Chain and Binance Labs jointly launched the BNB Incubation Alliance to promote early-stage blockchain innovation.
• The memecoin protocol ERC7660 has transferred its token liquidity to the BASE mainnet.
• Ripple plans to introduce billions of dollars worth of RWA assets into the XRP Ledger by partnering with Archax.

III. Funding news

• Paradigm raised $850 million for its third fund focusing on early-stage crypto projects.
• Crypto exchange BITAI raised $20 million from a seed round participated by Jump Crypto.
• NEAR Foundation’s Nuffle Labs raised $13 million.

IV. Regulatory news

• Biden nominates a CFTC commissioner for senior positions in the FDIC and the Treasury Department.
• Gensler suggests CFTC may struggle to regulate crypto without an SEC-like disclosure setup.

V. Popular projects 

Market Overview

BTC continues to exhibit a downward trend. If it fails to break through the $67,600 resistance level shortly, it will likely test the $64,000-$66,000 range.

For ETH, the daily support level stands at $3,250. Traders are waiting for a broader market recovery before making significant moves.

BTC Spot ETF as of June 13

Overall Data:

Total Net Inflow: $15.28 billion

Daily Net Outflow: $244 million

Single-Day Turnover: Over $840 million

Proportion of BTC’s Market Value: 4.46%

Breakdown by ETF:

GBTC:

Net Asset Value: $18.72 billion

Single-Day Net Outflow: $0

Cumulative Net Outflow: $62 million

Single-Day Turnover: $278 million

FBTC:

Net Asset Value: $11.52 billion

Single-Day Net Outflow: $106 million

Cumulative Net Inflow: $10 billion

Single-Day Turnover: $327 million

ARKB:

Net Asset Value: $3.17 billion

Single-Day Net Outflow: $53 million

Cumulative Net Inflow: $3 billion

Single-Day Turnover: $124 million

TON reaches an all-time high

The Ton ecosystem is expanding, with various mini-games and DeFi projects capturing market attention.

The Total Value Locked (TVL) in the Ton ecosystem has surpassed $550 million, a 108% increase over the past month. This growth pushed TON to a record high of $8, despite BTC's underperformance.

Projects within the TON network, such as Hamster Kombat and Catizen, are expected to launch their tokens, potentially following a similar price trend to Notcoin.

FISH up 10% in a day

FISH, a leading meme in the TON ecosystem, has gained considerable attention due to the recent popularity of the NOT mini-game. As a result of this increased attention and the TON token's record price, FISH soared 10% in a day. Over the past 24 hours, its trading volume reached $2.75 million.

TRU shows resilient performance

TrueFi, an uncollateralized lending protocol, uses on-chain credit scoring to boost borrower's capital efficiency and lender's yield. It has distributed $1.74 billion in loans. 

With a market cap of $220 million, TRU's resilient token performance makes it a popular speculative asset in the Real World Asset (RWA) sector.

Bananagun revenue hits $57.76 million

Bananagun (BANANA), a Telegram trading bot, allows users to quickly buy new tokens, which is advantageous for those involved in new projects. 

Due to increased usage, Bananagun's yearly revenue hit $57.76 million, pushing BANANA's price to consistently reach new heights. The BANANA token reached $52.42 on June 14th, over 80 times its presale price of $0.65.

On-chain Daily

1. TOKU: TOKU is a memecoin claiming to be the first dog coin developer's dog. It had low trading volume until a surge at the end of May, bringing a recent price explosion.

Current price: $0.0(4)145

Historical High: $0.0(4)183

24-Hour Change: +170%

Current Market Value: $14.5M

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

Transaction Dashboard: https://dexscreener.com/ethereum/0xaedb115872b041c1e0feab1fb58d766d356ba986

2. Munchy: Munchy is a memecoin featuring a fluffy mutt from the comic 'Boy’s Club'.

Current price: $0.00309

Historical High: $0.00469

6-Hour Change: -12% (Token Launch Time: 6/13, 05:30 UTC)

Current Market Value: $1.3M 

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

Transaction Dashboard: https://dexscreener.com/ethereum/0x6ad488c2a82077816f53edef928430a0feedc7c4

3. KAI: Known as Shiba Inu's cousin, KAI features a Japanese Kai dog breed good at hunting.

Current price: $0.0(7)123

Historical High: $0.0(7)143

24-Hour Change: +1739%

Current Market Value: $5.2M

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

Transaction Dashboard: https://dexscreener.com/ethereum/0xb10d5acee2233a30f03adf6f425249113395d7a8

4. FALX: FalconX, is claimed as the fastest decentralized exchange (Dex) in the Solana ecosystem. It currently only has Swap and Pledge features. Many features are not yet open, and FALX's AI drawing style tweets make it memecoin-like.

Current price: $0.00138

Historical High: $0.0015

24-Hour Change: +33.4%

Current Market Value: $13.8M

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

Transaction Dashboard: https://dexscreener.com/solana/2hpp2akd6t6hzmmqw2lkqh7r1wlzdjzz1bzjhj5nrhrv

5. BTCB: BTCB is a memecoin on the Base chain. Its total supply mimics Bitcoin with 21 million coins.

Current price: $0.0.549

Historical High: $0.737

24-Hour Change: +256%

Current Market Value: $8.6M

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

Transaction Dashboard: https://dexscreener.com/base/0x39a72b1292aaed73b9b5633e14f88fe9a89f400b

6. FREN: FREN is a memecoin on the Base chain related to Pepe's comic 'Boy’s Club'. It's now taken over by the community.

Current price: $0.0(6)654

Historical High: $0.0(6)806

24-Hour Change: +211%

Current Market Value: $2.7M

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

Transaction Dashboard: https://dexscreener.com/base/0x9e29177f8ea5994255aaa551c4e1ac1655b2bdbe

Daily Rune Observation

Gas Fee Change: The current BTC transaction fee is 80 Satoshi/byte, with a 24-hour increase of 100%. The Bitcoin transaction fee has surged due to the minting of RAMBO•THE•PUPO rune.

Today's Popular Projects

RAMBO•THE•PUPO: Buzzing due to suspicions @FarmerJoe0x, a core contributor of "pups", deployed it. He mentioned in a post that RAMBO is his dog, leading to community speculation. However, he clarified in follow-up comments that he did not deploy this runes project.

Total Supply: 50,000, Residual: 0%, Currently Minted: 14,860, Pool Remaining: 24,025, Mint Progress: 78%, Holders: 326

COOK•THE•MEMPOOL: An RSIC-related project, set to cease minting at block height 848,064, approximately June 15th, drawing attention. Pre-mined: 0%, Minting Progress: 3.7%, Current Market Value: $9.2M, Holders: 22,243, 24-hour increase: 10%

REKT•MEMPOOL•ENJOYER: Total Supply: 100,000, Residual: 0%, Currently Minted: 39,887, Pool Remaining: 5, Mint Progress: 39%, Holders: 356

Top Runes Projects Tracking

DOG•GO•TO•THE•MOON: Runes #3, also known as the airdrop Runes of Runestone. Current Price: 10.67 Sats, 24-hour increase: 4.1%, Current Market Value: 10,669 BTC

BANK•OF•NAKAMOTO•DOLLAR: A synthetic dollar protocol based on Bitcoin L1. Current Price: 23.59 Sats, 24-hour increase: 32%, Current Market Value: 4953 BTC, continuously surging against the trend with a 20-fold increase within a month.

RSIC•GENESIS•RUNE: Runes #8, also the Runes created by the famous inscription mining project RSIC. Current Price: 11 Sats, 24-hour decrease: -15%, Current Market Value: 2,306 BTC

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