Dutch Authorities Crack Down on ZKasino Crypto Scam

Weekl Trend Overview

This week, the overall trend of the crpto market saw a round of market rebound, with leading mainstream coins experiencing rapid price increases near the weekend closing period. The basic trend of the week showed a short-term upward trend after fluctuations. Although there was an upward trend in the near weekend, it was more affected b the cclical fluctuations of the market, resulting in an increase in short-term coin prices and market trading volume. The overall market value growth of the crpto market has increased compared to the same period last week, currentl maintaining around $2.35 trillion, a decrease of 1.25% within 24 hours. The market sentiment remains at 61, which can be seen as a signal of a further upward trend in the future. This week, the trend of ke mainstream coins has shown a stable fluctuation followed b a rapid increase, but the magnitude is relativel limited. Overall, the crpto market is expected to experience a more significant market change during the weekend closing period, and further ups and downs in the future need to be combined.

Compared to last week, the total crpto market this week has returned to above $2.3 trillion. Overall, the current market volatilit ccle is still ongoing, but a new round of market fluctuations should not be far awa. The fluctuation ratio of the top 100 crpto projects within a week is 3:7, and most coin prices have fluctuated due to short-term fluctuations. The overall market trend has not et trul arrived. The price of BTC has shown a significant rebound within a week and is currentl maintaining an upward trend, above $65,000, with a weekl increase or decrease of approximatel 4.43%. ETH has entered a downward trend after rising, with a decline of around 2.91%, currentl maintaining a fluctuation of around $2,932.

The best performing coin series in the market this week is MEME coin, ranked first b PEPE, with a 7-da increase of 18.87%. The coin price is currentl maintained around $0.00001012.

The overall crpto market is still in a state of significant volatilit this week, and it is expected that there will be ke market changes during the weekend period.

Crpto Market

The crpto market has experienced an upward trend in a week, and the market has rebounded significantl over the weekend.

This week's token unlocking: $1 billion AEVO, $96 million APT, $92 million ARB, $77 million STRK, $55 million IMX, $20 million PIXEL, $19 million APE, $14.8 million ROSE, $11 million MANTA, $8.3 million RNDR, $4.3 million DYDX, $470000 NYM, etc., totaling approximatel $1.4 billion.

BounceBit: Users can now view the number of available airdrops, which will be automaticall distributed.

Pudg Penguin plush tos have sold over 1 million units in less than a ear; Pudg Tos has been listed on Target; Pudg Penguins will launch Pudg World alpha on kSnc Era this ear.

The trading platform Rain is suspected to have suffered losses of nearl $15 million from an attack.

On Tuesda, 24-hour BTC+2.9%, ETH+2.6%; The top 500 companies with a market value increase or decrease of 30%: GME+230%, BB+45%.

On Monda, the US BTC spot ETF had a net inflow of $66 million, and analsis suggests that BTC ETF holdings will reach a new high (excluding AP/market makers).

The Hong Kong BTC ETF has shown net redemption for three consecutive das.

BounceBit's mainnet has been launched, offering multiple functions such as node staking and delegation.

The circulating market value of BB is $170 million, with a total market value of $890 million.

The circulation of USDT on the TON chain reached $200 million.

GameStop saw a sharp rise in US stocks, with related meme coins pulling up.

The desktop version of ChatGPT will be launched, and the flagship AI model GPT-4o will be launched. The GPT-4o API speed is twice that of GPT-4 turbo, and the price is half of it.

Sonne Finance has been hacked and is currentl losing over $20 million.

On Tuesda, the US spot BTC ETF had a net inflow of $100.5 million.

The Wisconsin Investment Board holds $99 million from BlackRock IBIT and $64 million GBTC.

Vitalik proposed EIP-7706 to add a new tpe of gas to trading calldata.

BlockTower Capital's main hedge fund has been hacked.

Lens Protocol indicates that the blockchain network Lens Network is being developed.

Thursda 24-hour BTC+6.4%, ETH+3.7%; The top 500 companies with a market value increase or decrease of 30%: PUPS+41%, PEOPLE+40%, BRETT+35%; PEPE and GME prices have reached historic highs; Shanhai coins have generall risen.

The US BTC spot ETF had a net inflow of approximatel $300 million on Wednesda.

Circle plans to relocate its legal base from Ireland to the United States.

Blast announced that the airdrop will start on June 26th.

Scroll launched the loalt program Session Zero points sstem.

The founder of Eclipse resigned due to rumors of sexual harassment.

Founder of MakerDAO: Will provide a second tpe of pure decentralied stablecoin, PureDai.

Since April, a total of 1 million new tokens have been launched, nearl half of which are Solana memes.

Friend.tech: President rewards and Club Ke transaction rebates are online.

Regulator & Macro Policies

Turke plans to formulate new crpto regulations.

The Philippine Central Bank has approved the stablecoin PHPC linked to the peso.

Ghana plans to build Africa's first blockchain-driven government to combat corruption.

Tornado Cash was convicted of mone laundering b a Dutch court and sentenced to 64 months in prison.

The annual PPI rate for April in the United States recorded 2.2%, which is in line with expectations; Powell expressed lower confidence in the fall in inflation than before; Interest rates are more likel to remain the same rather than being raised.

The comprehensive BTC Bill of Rights has become law in Oklahoma.

The US CPI fell as scheduled in April.

European Central Bank Regulator Commission: It is likel that interest rate cuts will begin in June.

Crpto Market Highlights

Last week, the overall crpto market saw an increase, but the downward trend is still evident. Except for a small number of coins, the prices of most mainstream coins have generall risen, but the overall trend is still mainl downward. Short-term volatilit is the main trend in most coin prices for a week. In the near future, it can be observed that the trading volume of the crpto market is continuousl increasing, and the overall growth momentum of the market is also becoming stronger. If there is significant positive news in the near future, a rebound will be a high-probabilit event.

The overall market situation has risen this week, and although man coins have experienced significant ups and downs, the MEME sector still shows a leading trend. Multiple MEME coins have seen significant weekl growth, and although there have been some market fluctuations, the have maintained a relativel high growth rate. The weekl increase in PEPE reached 19.26%, and the current price remains around $0.00001015. The high point of the weekl price once broke through to above $0.000012, while the low point appeared around $0.000008248 during the opening period, ranking among the top 1 in the weekl increase. (Data Courtes Of Coinmarketcap)

BTC & ETH Weekl Performance

Bitcoin (BTC)

(Data Courtes Of TradingView)

The price of BTC has increased this week, and the overall price has fluctuated more frequentl during the da. Although the coin had previousl fallen below a lower ke price level and the market's fluctuations were ver obvious, there was finall a clear price rebound trend this week. At present, the coin is basicall maintaining a continuous fluctuation above $65,000, with a certain trend of replenishment. The high point of BTC's weekl price is around $66,700, and the low point is within the range of $60,500 during the opening period.

Analsis suggests that the price of BTC this week has begun to show a significant rebound in coin prices due to the inflow of spot ETFs and the dnamics of the crpto market. Considering the current large market ccle, if there is a general upward trend across the board, the current coin price trend of BTC will be relativel critical, but further observation is needed.

Ether (ETH)

(Data Courtes Of TradingView)

The price trend of ETH this week is similar to that of BTC, except that the actual price change of the coin has remained within a relativel small range. And in the rising market near the weekend, the upward trend of ETH has not been maintained for too long, and it has now shown a continuous downward trend. The high point of the coin's price within a week is around $3,040, while the low point appears around $2,870 at the beginning of the week.

Analsis suggests that the performance of ETH this week is still influenced b hot trends related to the coin. In the absence of clear coin price support, the performance within the ecosstem is relativel flat. The subsequent major market changes of the coin ma come more from external news and regulator changes.

Web3 Project Trend

The Laer 1 track has seen some recover this week, but the overall increase in top growth coins is limited, which can be seen as market fluctuations brought about b the overall market fluctuation ccle. The total market value of the seven categories of projects has fluctuated this week. Due to changes in market ccles and external news, each track has also shown different performances. There have been no particularl significant actual changes in the market ccle, but the trend is graduall becoming clear. The following week, various sectors ma receive clear rise and fall signals.