BTC to test $66K stability before charting its next move.

Hot projects + Market overview

I. Mainstream exchange news

• Coinbase will delist COVAL, RAI, and wAMPL and temporarily suspend SNX for New York users.
• Lista's airdrop allocation quota can be checked on June 19th, followed by open of claims on June 20th.
• OKX will list ZKsync (ZK) for spot trading.

II. Mainstream projects and trending events

• Helium Mobile is launching a licensing program for hotspot devices.
• Circle's USDC could benefit from new EU regulations on digital assets, according to crypto analytics firm Kaiko Research.
• Nvidia’s market value surpasses Microsoft and Apple, now global No.1.
• BitMEX cofounder Arthur Hayes is increasing his holdings of PENDLE and DOGE.
• Potential issuer of Ethereum ETF will respond to US SEC comments before Friday.
• Bitwise’s revised S-1 file for Ethereum ETF includes seeding funds.
• John Williams, President of the New York Fed, indicated that interest rates are likely to decrease in the coming years as inflation aligns with the Federal Reserve's 2% target.
• DOGE bulls endured a $60 million liquidation, the biggest loss since 2021.
• HashKey's token HSK is to be listed in Q3 2024, community airdrop is about to begin.
• Trump supporter Bo Loudon says "DJT is the only real Trump token."
• Trump's crypto advisor criticizes the Democratic Party for selling Bitcoin, calling for the establishment of a strategic bitcoin reserve.

III. Funding news

• Solana's Layer 2 project, Sonic, raised $12 million from Series A round, led by Bitkraft Ventures.
• Liquidity re-pledging protocol Renzo raised $17 million from a funding round, led by Galaxy and Brevan Howard.

IV. Regulatory news

• Multiple US states have revoked or refused to renew the money transfer license of Binance US.
• Brazilian tax authorities will require foreign crypto exchanges to provide information about their operations, Reuters reported. 
• South Korea's Financial Services Commission says it will not directly participate in token inspections and delisting processes.
• South Korea State Council approved a proposal to create a Virtual Asset Department.
• Tanzania plans to revise its income tax law to include crypto transactions.

V. Popular projects 

Market Overview

As predicted yesterday, BTC touched the $64,000 mark, as seen on WOO X. It has since bounced back on the 4-hour chart and the key focus is whether it can stabilize after breaking above $66,000. 

The ETH/BTC rate has rebounded, and the market expects ETH ETFs to be approved between the 2nd and 4th of July. The focus is on whether ETH can stabilize after breaking above $3,690.

US BTC Spot ETF Update - June 18th

Overall Data:

Total Net Inflow: $14.81 billion

Daily Net Outflow: $152 million

Single-Day Turnover: $749 million

Proportion of BTC’s Market Value: 4.4%

Breakdown by ETF:

GBTC:

Net Asset Value: $17.98 billion

Single-Day Net Outflow: $62 million

Cumulative Net Outflow: $18 billion

Single-Day Turnover: $280 million

FBTC:

Net Asset Value: $108.7 billion

Single-Day Net Outflow: $83 million

Cumulative Net Inflow: $9 billion

Single-Day Turnover: $273 million

ARKB:

Net Asset Value: $2.96 billion

Single-Day Net Outflow: $0

Cumulative Net Inflow: $2 billion

Single-Day Turnover: $85.66 million

$BENJI lists on WOO X, up 35% in a day

Basenji is a memecoin on the Base chain, featuring the hunting dogs of Egyptian pharaohs.  

The Basenji token $BENJI is up 35% in a day. Its on-chain liquidity is $1.55 million, market value is $62.87 million, and the daily trading volume is $1.94 million.

BILLION•DOLLAR•CAT up 20% in a day

BILLION•DOLLAR•CAT is a Runes project, featuring a horizontally reversed BTC eye, which can be placed on multiple NFT projects. Users can upload their PFP to get an NFT with Billy glasses. 

The token is up 20% in a day, with a market value of $67.09 million.

Buzz around ETH ETF

Prominent LSD projects, LDO and RPL, experienced a 20% increase in a day, continually attracting investment during BTC's downturn. 

ENS remains a strong contender with a robust 4-hour K-line. It has been mentioned multiple times by Vitalik, highlighting its importance in the ETH ecosystem. 

Projects like CRV and CVX are expected to be speculated upon liquidation. Lately, these two tokens have become active, replacing traditional Defi projects such as UNI and AAVE with a strong comeback. 

Memecoins like MOG and PEPE have seen the highest active capital involvement and could be worth observing.

On-chain Daily

1. DINU: DINU is an Ethereum-based memecoin featuring a Shiba Inu. It is created using the new token creation feature of the well-known on-chain scoreboard tool DEXTOOL. 

Current Price: $0.0(4)573

Historical High: $0.00107

24-hour Change: +1810%

Current Market Value: $1.1M

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

Trading Scoreboard: https://dexscreener.com/ethereum/0x9cb5a7177af9a3f47897079cfb05971f924cd0f1

2. MAGANOMICS: MAGANOMIC is a memecoin on the Solana chian, it is a concept coin for President Trump's election.

Current Price: $0.00225

Historical High: $0.00311

6-hour Change: +1655% (Token Launch Time: 6/18, 21:00 UTC)

Current Market Value: $2.3M

Official TG: https://t.me/MaganomicsCommunity

Trading Scoreboard: https://dexscreener.com/solana/cxwwb1rclm3f1o1zahbpz9unks2kqygyu4mcmux4fnyk

3. WOLF: WOLF is a memecoin on the Solana chain, it is also a character from the Pepe comic 'Boy’s Club'.

Current Price: $0.00572

Historical High: $0.0068

24-hour Change: +106%

Current Market Value: $56.87M

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

Trading Scoreboard: https://dexscreener.com/solana/eskps4o6swfamf7w8pdwwjqfx8lru7hhmjpxccyx4eq1

4. BOOPER: BOOPER is a memecoin on the Solana chain, featuring a cute dog with a big nose.

Current Price: $0.00123

Historical High: $0.0019

4-hour Change: +527% (Token Launch Time: 6/18, 22:45 UTC)

Current Market Value: $1M

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

Trading Scoreboard: https://dexscreener.com/solana/9jicb13augnk6cedcn3hnu2zpiak3vznt1dhjheqsnzh

5. BUM: BUM is a memecoin on the Base chain, inspired by the comic of the alien red wolf (Daniel Fowler).

Current Price: $0.000134

Historical High: $0.000209

24-hour Change: +301%

Current Market Value: $3.7M

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

Trading Scoreboard: https://dexscreener.com/base/0x4be243426825c4695abf84b7f786769aa861c8a3

6. BTCB: BTCB is a memecoin on the Base chain, its total supply mimics Bitcoin's 21 million.

Current Price: $0.0809

Historical High: $2.02

24-hour Change: +6.7%

Current Market Value: $12.8M

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

Trading Scoreboard: https://dexscreener.com/base/0x39a72b1292aaed73b9b5633e14f88fe9a89f400b

Daily Rune Observation

Gas Fee Variation: The current BTC transaction fee is 11 Satoshi per byte. There hasn't been a significant increase or decrease within the last 24 hours due to the poor market environment, and the overall fee has remained low.

Today's Popular Projects

DOG•LOOKING•DOWN: Total of 50,000 units, with 5% reserved. Currently, 6,214 units have been minted, and 201 units are in the internal pool. The minting progress has reached 17% with 132 holding addresses. 

STUPID•SILLY•CAT: Total of 100,000 units, with 0% reserved. All 100,000 units have been minted, representing a 100% minting progress with 1,646 holding addresses. 

BEE•SEES•ONE•PEA: Total of 100,000 units, with 0% reserved. All 100,000 units have been minted, representing a 100% minting progress with 1,239 holding addresses. 

Top Runes Projects Tracking

DOG•GO•TO•THE•MOON: Runes #3, also known as the airdrop Runes of Runestone. Current price: 9.65 Sats, 24-hour change: -1.15%, Current Market Value: 9,649 BTC. 

BANK•OF•NAKAMOTO•DOLLAR: A synthetic dollar protocol built on Bitcoin L1. Current price: 19.8 Sats, 24-hour change: -1%, Current Market Value: 4.158 BTC. 

RSIC•GENESIS•RUNE: Runes #8, also the Runes created by the famous inscription mining project RSIC. Current price: 9.99 Sats, 24-hour change: -5.6%, Current Market Value: 2,094 BTC.

*BILLION•DOLLAR•CAT has been steadily rising recently and has reached the fourth market value.

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