The future of crypto and bitcoin will be made in the USA
Hot projects + Market overview
Here's your @WOOXResearch daily dose of alpha.
— WOO X (@_WOO_X) June 17, 2024
🇺🇸 Trump states: "The future of crypto will be made in the USA"
🪙 Watch out for $BTC price movements
🐸 Whale buys another $1.25M worth of $PEPE
🔓 $88M worth of $APE, $MANTA, $PIXEL, and $ID to be unlocked this week
👇 pic.twitter.com/T7E6G4YET3
I. Mainstream exchange news
- Binance will list ZKsync (ZK) and launch a ZK Token distribution plan.
- Coinbase Prime plans to provide custodial services for ZKsync (ZK).
- Coinbase has suspended trading for Enjin Coin (ENJ) and Metal DAO (MTL).
- Upbit lists Ondo Finance (ONDO).
II. Mainstream projects and trending events
- Orderly Network goes live on the Ethereum mainnet, distributing 10% of ORDER tokens to early users.
- Address 0xf22...a685c has replenished 104.6 billion PEPE (worth $1.25 million), with holdings increasing to 353.4 billion.
- BlackRock executives indicated that advisors who are cautious about Bitcoin ETFs are slowly adopting Bitcoin.
- BitMEX co-founder Arthur Hayes thinks a Dogecoin ETF might launch at the end of this cycle.
- Arweave will soon launch private computations inside AO processes with FHE.
- Trump promises to end Biden's war on crypto, ensuring that "the future of crypto and the future of Bitcoin will be made in America.”
- Fidelity Digital Assets released a 60-second video introducing Runes.
- Nigeria withdraws tax charges against Binance executives.
III. Funding news
- DeFi trading platform Reposwap completed seed round funding, led by QCP Capital.
- Web3 game publisher Sidus Heroes completed a new round of funding, participated by DWF Labs.
- Moonbeam established a $10 million Innovation Fund to promote gaming, RWAs, and the Moonriver ecosystem.
- Decentralized AI network REVOX.ai raised $6 million in strategic funding.
- Decentralized lending protocol Qiro Finance raised $1.2 million from a pre-seed round.
IV. Regulatory news
- The US SEC has upheld $2 billion in fines for Ripple, despite requests for a reduction.
- A US SEC commissioner recognized the benefits of tokenizing securities, including providing "security, transparency, and immutability."
- Australia's first Bitcoin ETF will be listed on its Stock Exchange on June 20th.
- Japan issues a warning about LBank Exchange as an unregistered crypto exchange.
- Turkey plans to impose a new transaction tax of 0.03% on cryptocurrencies.
V. Popular projects
Market Overview
Bitcoin hit a low of $65,078 and then started fluctuating for four hours. If it can't climb past $68,525 soon, it might keep bouncing around after the initial drop, maybe even dropping further to $64,000.
According to Bloomberg ETF analyst Eric Balchunas, there's a possibility that the Ethereum spot ETF could launch on July 2nd, earlier than expected. This expectation is fueling a rise in ETH's value.
BTC Spot ETF Update - June 14th,
Total Net Inflow: $15.11 billion
Daily Net Outflow: $190 million
Single-Day Turnover: $1.76 billion
Proportion of BTC’s Market Value: 4.42%
Breakdown by ETF:
GBTC:
Net Asset Value: $18.35 billion
Single-Day Net Outflow: $520 million
Cumulative Net Outflow: $18 billion
Single-Day Turnover: $296 million
IBIT:
Net Asset Value: $19.99 billion
Single-Day Net Inflow: $10 million
Cumulative Net Inflow: $18 billion
Single-Day Turnover: $838 million
FBTC:
Net Asset Value: $11.22 billion
Single-Day Net Outflow: $800 million
Cumulative Net Inflow: $9 billion
Single-Day Turnover: $398 million
ARKB:
Net Asset Value: $3.06 billion
Single-Day Net Outflow: $490 million
Cumulative Net Inflow: $2 billion
Single-Day Turnover: $133 million
HOPPY is up 54% in a day
HOPPY features an anthropomorphic frog character, inspired by the famous comic "Night Knight." The comic was published by Matt Furie in 2012. Hoppy is among the few unique characters created by Matt Furie.
Following its launch on May 10th, the price of the HOPPY token has surged by more than 600-fold. Its on-chain liquidity is $1.24 million, the market cap is $33.9 million, and its trading volume is $8.96 million in the past 24 hours.
CVX is up 70% in a day
The CRV (Curve) token hit a low of $0.219 following the liquidation of the CRV founder's tokens. The token price since has rebounded, experiencing a more than 50% increase from its lowest point.
Convex, which acts as a middle layer for Curve, also experienced short-term speculation, with a cumulative two-day increase of 75%.
REDO is up 31% in a day
Resistance Dog (REDO) is a meme built on the Ton ecosystem. The token emblem, created by Durov in 2018, is the unofficial mascot of Telegram, representing Telegram's ongoing fight against the censorship systems.
The REDO token currently has a market cap of $125 million and a 24-hour trading volume of $4.8 million.
Significant token unlocks this week
Token Unlocks data shows that ID, PIXEL, and APE tokens will have a one-time unlock this week, releasing a total value of over $88 million.
ApeCoin (APE) will unlock about 15.6 million tokens on June 17th. This accounts for 2.48% of the current circulating supply, worth approximately $15.8 million.
Manta Network (MANTA) will unlock about 6.67 million tokens on June 18th. This accounts for 2.05% of the current circulating supply, worth approximately $8.3 million.
Pixels (PIXEL) will unlock about 54.38 million tokens on June 19th. This represents 7.05% of the current circulating supply, worth approximately $20 million.
SPACE ID (ID) will unlock around 78.49 million tokens on June 22nd. This represents 18.23% of the current circulating supply, worth approximately $44 million.
On-chain Daily
- HOPPY: HOPPY features an anthropomorphic frog character adapted from the famous comic "The Night Riders" by Matt Furie, who created Pepe.
Current Price: $0.000485,
Historical High: $0.0001,
24-Hour Change: +51%,
Current Market Value: $36M
Official Twitter: https://x.com/hoppycoinERC20
Trading Dashboard: https://dexscreener.com/ethereum/0x5c6919b79fac1c3555675ae59a9ac2484f3972f5
- SHOG: ShogAI (SHOG) is an AI project. It's an offline large language model (LLM). The tokens are launched on June 16th, issued 60% for public sale through presale on June 16th, 25% for user rewards, and 15% for liquidity. It is issued on the Base chain. The public token cost is $0.01.
Current Price: $0.067,
Historical High: $0.121,
6-Hour Change: -6.2% (Token Launch Time: 6/16, 09:00 UTC)
Current Market Value: $6.7M
Official Twitter: https://x.com/shog_AGI
Trading Dashboard: https://dexscreener.com/ethereum/0x24602cb90c5262d51d33fe8e3360ff37477d80b6
- WOLF: WOLF is a memecoin on the Solana chain, a character from the Pepe comic 'Boy’s Club'.
Current Price: $0.00348,
Historical High: $0.004,
24-Hour Change: +52%,
Current Market Value: $34.8M
Official Twitter: https://x.com/TheBoysClubWolf
Trading Dashboard: https://dexscreener.com/solana/eskps4o6swfamf7w8pdwwjqfx8lru7hhmjpxccyx4eq1
- LilPump: LilPump is a celebrity memecoin on the Solana chain, issued by renowned rapper Lil Pump.
Current Price: $0.00394,
Historical High: $0.00546,
24-Hour Change: +90%,
Current Market Value: $3.9M
Official Twitter: https://x.com/lilpump
Trading Dashboard: https://dexscreener.com/solana/csycatzwkxywfl8xfpetxibovqurnki4c41gjen5rctq
- MICKEY: MICKEY is a memecoin on the Base chain. The character is the classic black-and-white Mickey Mouse from 1982.
Current Price: $0.00334,
Historical High: $0.00685,
24-Hour Change: +18.2%,
Current Market Value: $2.5M
Official Twitter: https://x.com/OGMickeyBase
Trading Dashboard: https://dexscreener.com/base/0xbb261929f33b69c201c8855bafdc341e1f0dda23
- BBRETT: BBRETT is a memecoin on the Base chain. It is the child version of the popular meme coin Brett (Baby Brett). Buying and selling tax is 5%, 3% used to buy Brett tokens to reward holders, 2% used to buyback tokens.
Current Price: $0.026,
Historical High: $0.034,
24-Hour Change: +72%,
Current Market Value: $2.6M
Official Twitter: https://x.com/babybrettonbase
Trading Dashboard: https://dexscreener.com/base/0x05511784abc6e20b3f206101bb48d222771ebd85
Daily Rune Observation
Changes in Gas Fee: The current BTC transaction fee is 19 satoshis/byte, there is no significant rise or fall in the last 24 hours. The overall transaction fee has fallen due to the end of the COOK•THE•MEMPOOL minting.
Today's Popular Projects
LONG•LIVE•SATOSHI: Total amount is 21,000 cards, 5% reserved. Currently, 9,517 cards have been minted, with 1,346 in the memory pool, making a progress of 53%. There are 173 holding addresses.
RUNIC•TAPROOT•WIZARD: Total supply is 100,000 cards, 0% reserved. Currently, 74,887 cards have been minted, with 37 in the memory pool, making a progress of 74%. There are 1,485 holding addresses.
Top Runes Projects Tracking
DOG•GO•TO•THE•MOON: Runes #3, also known as the airdrop Runes of Runestone. Current Price: 10.81 Sats, 24-hour increase: 5.21%, Current Market Value: 10,809 BTC.
BANK•OF•NAKAMOTO•DOLLAR: A synthetic dollar protocol built on Bitcoin L1. Current Price: 24.4 Sats, 24-hour change: -7.92%, Current Market Value: 5,124 BTC. It has been continuously defying the odds recently, with a 20-fold increase in one month.
RSIC•GENESIS•RUNE: Runes #8, also the Runes created by the famous inscription mining project RSIC. Current Price: 12.15 Sats, 24-hour change: +1.33%, Current Market Value: 2,547 BTC.
* The BILLION•DOLLAR•CAT has been continuously rising on tracking recently and might be worth keeping an eye on it.
—
The content above is neither a recommendation for investment and trading strategies nor does it constitute an investment offer, solicitation, or recommendation of any product or service. The content is for informational sharing purposes only. Anyone who makes or changes the investment decision based on the content shall undertake the result or loss by himself/herself.
The content of this document has been translated into different languages and shared throughout different platforms. In case of any discrepancy or inconsistency between different posts caused by mistranslations, the English version on our official website shall prevail.
