Bitget Research Weekly News: BlackRock applied to launch a spot bitcoin ETF, the US judge rejected the SEC freezing Binance.US assets

1. Market Focus Market Trends

1. Market Focus Market Trends

This week (06.12-06.16) the focus topic that the market pays most attention to is:

• Bitcoin Rallyes to $25,800 as BlackRock Files to Launch Spot BTC ETF

• The market continued to fall, and CRV faced the risk of large liquidation

• CPI data exceeded expectations to stimulate a slight rise in the market, and the US judge rejected the SEC's request to freeze Binance.US assets

• The market focuses on regulation, and mainstream currencies continue to have low volatility

• 2. Popular Projects

2. Popular Projects

The hottest projects this week (06.12-06.16) are:

ORDI (token): The BTC Ordinals ecology maintains a passion for innovation. Recently, Ordinals trusts chief maintainer Raph to merge the recursive inscription update of Ordinals creator Rodarmor into the Ordinals code base on Github. As the core asset of Ordinals BRC 20, ORDI’s current price trend is stronger than that of the broader market, and its trading activity is good. The 24-hour network-wide trading volume is 36 million US dollars, which is the asset with the highest trading activity on the track.

VMPX (BRC-20 Token): XEN founder Jack released Litepaper of the X 1 blockchain on June 4, as a Layer 1 EVM, which aims to connect the Bitcoin and EVM ecosystems, and realize any BRC-20/Ordinals and Trustless exchange between ERC-20/721/1155 assets; VMPX will become the bridge token of the X 1 blockchain, and also a token bridge of BRC 20, and the token distribution of the X 1 network in the future will give VMPX holders There are 33%. VMPX continues to rise sharply;

Tether (token): Tether issued an additional 250 million USDT on the Ethereum network last night. The casting of new USDT aims to balance the liquidity of USDT on different chains. In addition, Tether stated that the USDT-related FUD may be related to CoinDesk’s quarterly report on its reserves, and its materials are outdated and cannot accurately reflect the status of its reserves. At present, the price of USDT has basically remained anchored, and there has been no major unanchor;

RAPTOR (token): The meme coin of the Raptor Jesus concept has been very strong since it was launched in the past three days. Today, the project team took advantage of the popularity of the raptor pictures posted by Musk, and the price rose again to break a new high. The current market value of the token is 8.35 million US dollars, 24 The hourly transaction volume is 14 million US dollars, and there are 2,407 currency-holding addresses;

REVIVE (token): The meme coin with the theme of resurrection. The popularity of the token continues to be good. It rose to the previous high position today. The current market value is 1.18 million US dollars, the 24-hour trading volume is 8.82 million US dollars, the turnover rate is high, and the currency holding address is 1154 indivual;

BoringPunks（NFT）： 10,000 BoringPunks to pay tribute to the legendary NFT - CryptoPunks, which was minted on the Ethereum blockchain on June 9th, 2017 and is now celebrating its 6th anniversary. At present, the project has 2,483 holders, and the floor price is 0.06 E, which has a certain popularity on social media;

Mint.fun Turns One (NFT): The well-known NFT primary distribution platform Mint.fun has been established for one year, and this series of NFTs is released to commemorate the first anniversary of Mint fun. The community participation is high, and the transaction is of little significance.

Companions (NFT): Land NFT of an open metaverse platform on which 3D modeling can be performed. At present, the total number of NFTs is 5,000, the total trading volume is 119 ETH, and the holders are 2,201, which has a certain degree of activity;

Binance US (Dapp): Binance.US and the SEC agreed to an agreement to avoid a total asset freeze of the cryptocurrency trading platform, and Binance responded to the SEC’s asset freeze request with a compromise proposal that included sending U.S. customers’ Crypto assets are transferred to new wallets with new private keys that will be solely controlled by Binance.US.

3. Hot Search Topics Hot Searches

3. Hot Search Topics Hot Searches

The hottest topics this week (06.12-06.16) are:

FOMC (Event): After the two-day interest rate meeting, the Federal Reserve issued a statement announcing that it would maintain the target interest rate range of the federal funds between 5% and 5.25%. hike. However, the Fed still expects borrowing costs to rise by half a percentage point by the end of the year. That means the authorities could raise interest rates two more times, each by 0.25%, before the end of the year. The hawkish speech led to a sharp correction in blue-chip assets.

BTC (Token): iShares, a subsidiary of asset management giant BlackRock, submitted an application for spot bitcoin ETF documents to the US SEC. The fund is named "iShares Bitcoin Trust", and its assets are mainly composed of bitcoins held on behalf of the trust custodian. composition. The custodian will be through cryptocurrency exchange Coinbase (COIN), the document said.

UNI (Token): Uniswap released the Uniswap v4 code draft and invited the community to provide feedback. Introducing "Hooks" - a plugin that can customize how "pool, swap, fees, and LP positions" interact. Developers can innovate on top of the liquidity and security of the Uniswap protocol, creating custom AMM pools through hooks integrated with v4 smart contracts;

[Disclaimer] There are risks in the market, and investment needs to be cautious. This article does not constitute investment advice, and users should consider whether any opinions, views or conclusions in this article are suitable for their particular situation. Invest accordingly at your own risk.

Bitget Research Institute focuses on "focusing on the data on the chain and mining value assets". By constantly monitoring data on the chain and regional hot searches and other dimensions, it mines cutting-edge value investments and provides institutional-level insights for crypto enthusiasts. So far, it has provided Bitget global users with [Arbitrum Ecology], [AI Ecology], [SHIB Ecology] and other early value assets of many popular sectors, and created better wealth for Bitget global users through in-depth research driven by data effect.

[Disclaimer] There are risks in the market, and investment needs to be cautious. This article does not constitute investment advice, and users should consider whether any opinions, views or conclusions in this article are suitable for their particular situation. Invest accordingly at your own risk.