BTC’s next target range could be over $100K

Hot projects + Market overview

I. Mainstream exchange news

• Binance Futures will launch WIF/USD perpetual contracts with up to 20x leverage.
• OKX has requested detailed information on sub-accounts from major brokers, possibly to prevent abuse of VIP fee plans.
• OKX will list the UXLink (UXLINK) token for spot trading.
• Binance will support the Sei (SEI) network upgrade.

II. Mainstream projects and trending events

• JPMorgan has said that the "crypto clearance" phase is over. It expects net inflows of $8 billion for 2024.
• Representatives from Coinbase, Ripple, and a16z will attend the national conventions of both the Republican and Democratic parties in the US.
• Driven by the Bitcoin ETF momentum, BlackRock's asset management scale has reached a record high of $10.65 trillion, representing 13% year-over-year growth.
• Citing sources familiar with US SEC processes, Decrypt reports that asset management firms must submit final registration statements for spot Ethereum ETFs by Wednesday, with the products set to launch on July 23.
• Tether minted another 1 billion USDT on the Tron network on July 16. This is an authorized but not yet issued transaction, meaning that this minting will probably be used for the next issuance request and cross-chain swaps.
• US presidential candidate Donald Trump has appointed crypto-friendly senator J.D. Vance as his Republican vice-presidential candidate.
• Goldman Sachs has suggested that the US Federal Reserve has sufficient reason to lower interest rates in July.
• BlackRock CEO Larry Fink has referred to Bitcoin as "digital gold."
• Plume Network, a Layer 2 network focused on real-world assets (RWA), has launched its testnet.

III. Funding news

• Caliza, a fintech company has raised $8.5 million in a funding round led by Initialized.
• Web3 social protocol Beoble has received $3 million in strategic investment.
• Digital asset investment management platform Haruko has completed a $6 million Series A funding round.

IV. Regulatory news

• The South Korea Digital Asset eXchange Association (DAXA) has released the "Real-time Abnormal Transaction Monitoring Guidelines" and the "Standard Advertising Rules."
• Hong Kong's Treasury Bureau will soon publish a consultation summary on the proposed regulatory regime for stablecoin issuers.

V. Popular projects 

Market overview

BTC has surged to a high of $64,955, rebounding 21% from its low point of $53,485. Some adjustments may occur as it approaches the short-term target of $66,000. 

However, if BTC remains above $64,000, the bullish trend will likely continue, with the next target range between $100,000 and $110,000.

US BTC Spot ETF Updates - July 15

Overall Data:

Total Net Inflows: $15.99 billion

Daily Net Inflows: $183 million

Single-Day Turnover: over $1.03 billion

Proportion of BTC’s Market Value: 4.52%

Breakdown by ETF:

GBTC:

Net Asset Value: $17.32 billion (0%)

Single-Day Net Inflows: $0

Cumulative Net Outflows: $18.64 billion

Single-Day Turnover: $273 million

FBTC:

Net Asset Value: $11.29 billion (+0.32%)

Single-Day Net Inflows: $36.15 million

Cumulative Net Inflows: $9.75 billion

Single-Day Turnover: $414 million

ARKB:

Net Asset Value: $3.15 billion (+3.85%)

Single-Day Net Inflows: $117 million

Cumulative Net Inflows: $2.62 billion

Single-Day Turnover: $167 million

BILLION•DOLLAR•CAT is up 45% in a day

BILLION•DOLLAR•CAT features a horizontally flipped BTC eye, which can be placed on various NFT projects. Users can upload their PFPs to receive an NFT with Billy glasses. 

The token, formatted in Runes, is highly popular within the community and currently holds a market value of $43.99 million.

AURA is up 48% in a day

AURA is a cat-themed memecoin on the Solana chain, featuring a cat having an out-of-body experience. There are over 2.5 billion videos about AURA on TikTok. 

Since its launch on May 30th, the token has surged more than 70 times. The token has surged 48% in a day, with on-chain liquidity of $1.16 million and a market cap of $25.81 million.

POPCAT is up 28% in a day

POPCAT, a cat-themed memecoin on the Solana chain, has surged 28% in a day. It is not yet listed on major exchanges but has a market cap of $880 million, with high capital activity and strong token performance.

Shark Cat is up 42% in a day

Snark Cat is a cat-themed memecoin on the Solana chain featuring a cat wearing a shark hat. 

The token, launched on March 26th, saw a 1,300-fold increase by April 1st but has since retracted by 85%. 

It still holds a market cap of $38.13 million, with on-chain liquidity of $1.8 million and a user base of 20,000 holders.

On-chain Daily

1. VANCE: VANCE is a political memecoin on the Ethereum chain, themed around JD Vance, Trump's vice-presidential candidate. Vance, a pro-crypto senator from Ohio, is a frequent critic of the US SEC and a Bitcoin holder. His 2022 report shows Bitcoin holdings worth $100K to $250K in a Coinbase account.

Current Price: $0.0(4)417

Historical High: $0.0(4)963

24-Hour Change: +132%

Current Market Value: $4.1M

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

W. WOLF: WOLF is a memecoin on the Ethereum chain featuring a character from the 'Boy’s Club' comic, similar to Pepe. Its contract address starts with 0x67 (0x68 Andy, 0x69 Pepe). It has garnered market attention, benefiting from Pepe's price surge.

Current Price: $0.0(4)8

Historical High: $0.00013

24-Hour Change: +65%

Current Market Value: $73M

Official Twitter: https://x.com/Wolf0x67

3. Dog: Dog is a memecoin on the Solana chain featuring a Shiba Inu. The project is now taken over by the community (CTO).

Current Price: $0.0081

Historical High: $0.0085

24-Hour Change: +193%

Current Market Value: $5.7M

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

4. MOB: MOB (Money Over Bitches) is a memecoin on the Solana chain. It represents prioritizing financial success over emotional relationships or dating.

Current Price: $0.00686

Historical High: $0.00884

24-Hour Change: +15%

Current Market Value: $6.8M

Official Twitter: https://x.com/mob_cto?s=21&t=OKIBh2enXfFBeBla5uuI1g

5. SKI: SKI is a memecoin on the Base chain, featuring a dog in a beanie. It's now taken over by the community (CTO).

Current Price: $0.0027

Historical High: $0.039

24-Hour Change: +43%

Current Market Value: $2.7M

Official Twitter: https://twitter.com/ski_cto?s=21&t=aicDchNVxksSJ7ONX1MX_g

6. KEYCAT: KEYCAT is a memecoin on the Base chain taken over by the community on March 28, 2024 (CTO). It features the original Keyboard Cat meme from 1978, often used to highlight failures humorously.

Current Price: $0.0019

Historical High: $0.118

24-Hour Change: +55%

Current Market Value: $19M

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

Daily Rune Observation

Gas Fee Change: The current BTC transaction fee is 8 bytes/satoshi, remaining low overall despite Bitcoin's price recovery.

Today's Popular Projects

TRUMP•FEAR•NOT

Total pieces: 50,000

Reserved: 0%

Currently minted: 49,898

In memory pool: 707

Minting progress: 99%

Holding addresses: 510

VICE•PRESIDENT•JD•VANCE

Minting: Completed

A popular project with a market value of $128K

24-hour trading volume: $39,135 (192% increase)

Holding addresses: 403

ALETHEIAS•AGORA

Minting: Completed

A popular project with a market value of $504K

24-hour trading volume: $24,067 (86% increase)

Holding addresses: 696

Top Rune Projects Tracking

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

Current price: 8.08 Sats

24-hour change: +4.5%

Current Market Value: 8,090 BTC

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

Current price: 7.45 Sats

24-hour change: -3.25%

Current Market Value: 1,560 BTC

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

Current price: 6.85 Sats

24-hour change: +0.74%

Current Market Value: 1,440 BTC

Disclaimer

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 at the time of writing and may be subject to change.

Please note that this article includes references to third-party websites and data, which are 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, staking, and restaking involve significant risk and may not be suitable for all 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 or staking. 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.