Daily News | The Crypto Market is Fluctuating and Rising; Notcoin Promoted the Adoption of Cryptos on TG; The Vulnerability Attacker in Gala Games Returned $22M

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Weekl Trend Overview

This week, the overall trend of the crpto market saw a general upward trend, mainl due to the clear positive progress of ETH spot ETF approval. The top mainstream currencies began to show a more obvious upward trend during the mid-week period due to the influence of news. Although there was a certain degree of fluctuation near the weekend, the overall performance still shows a relativel clear upward ccle. The overall market value growth of the crpto market has increased compared to the same period last week, currentl reaching around $2.52 trillion, a decrease of 2.42% within 24 hours. The market sentiment remains at 66, which has declined compared to the mid-week performance of the overall market. We can expect further performance from the market over the weekend. This week, the trend of ke mainstream currencies has shown a rapid upward trend after the opening, with a relativel large amplitude. Overall, the crpto market is expected to experience a significant change during the weekend closing period and is likel to continue to rise.

Compared to last week, the total volume of the crpto market has increased significantl this week. Overall, the current volatilit ccle of the market is still ongoing, but maintaining within the current new price range is a high-probabilit event, and we onl need to wait for the impact of subsequent news factors. The fluctuation ratio of the top 100 crpto projects within a week is 7:3, and the prices of most currencies have risen due to the impact of overall market changes, but short-term fluctuations are still quite intense. The price of BTC has shown a significant rebound within a week, returning to above $70,000. Currentl, it has retreated to the price range of $67,000, with a weekl increase of about 3.39%. There is currentl no sign of a downward adjustment in ETH, with a weekl rise of around 26.3%, and it is currentl maintaining a continuous fluctuation above $3,700.

The top-performing coin in the market this week is PENDLE, which increased 46.13% in seven das. The coin price is currentl around $6.21.

Significant fluctuations in the overall crpto market this week are still possible, and a new upward trend is expected during the weekend.

Crpto Market

This week, the crpto market saw a general upward trend, driven b positive news from Bloomberg analsts regarding the approval of ETH spot ETFs.

24-hour BTC on Monda -0.0%, ETH -0.2% CREAM+32% for the top 500 companies with a market value increase or decrease of 30%; Short selling of $120 million, with the main selling being long.

Unlocked this week: $810 million PYTH, $340 million AVAX, $14 million ID, $500000 ACA, etc.

The weekl average number of new addresses added to the BTC network has dropped to the lowest level since 2018.

Founder Case of Ordinals responded that the podcast will exclude runes with a market value of less than $1 billion; Erin will mediate his mistake.

Experts: The SEC ma approve the 19b-4 documents for ETH spot ETFs this week, but approval for S-1 will be slowed down.

LaerZero: Due to the large number of reports, witch hunting will be suspended and reopened within the next one or two das. The submission method will be changed, and a deposit sstem will be introduced.

Oass launches the football plaer chain game Captain Tsubasa-RIVALS-.

Bloomberg analst: The probabilit of approval for spot ETH ETFs has increased to 75%; 75% of the approval probabilit is onl for 19b-4, and approval of future S-1 documents is still required.

Vitalik Buterin: In 10 ears, all rollups will be ZK; L2 user experience fragmentation requires open protocols to transfer assets between L2; ENS is the most successful non-financial application in the Ethereum ecosstem; The crpto experiment Orb Land, which tokenies consulting services into NFTs, is remarkable.

Gala was attacked, and hackers profited $21 million. On Tuesda, 24-hour BTC+6.3%, ETH +17.7% The top 500 companies with a market value increase or decrease of 30%: ENS+42%, MOG+42%, LDO+31%, HarrPotterObamaSonic10 (ERC-20)+31%; The overall market rose, Ethereum surged, and Ethereum Altcoins generall rose; BTC against Japanese/Argentine/Philippine fiat currencies, open positions in Ethereum futures contracts Blast TVL, EigenLaer TVL, Pendle TVL hit new highs.

The former CEO of Grascale has sent a farewell message to former team members and ma explore blockchain securit.

It is rumored that Grascale ma be acquired b global asset management companies/competitors.

The BTC stock in CEX has dropped to its lowest point since 2024.

Potential US TikTok buers are planning to decentralie TikTok.

24-hour BTC on Wednesda -2.2%, ETH +2.0% The top 500 companies with a market value increase or decrease of 30%: DRIFT+48%, PEOPLE +33% Open positions in ETH futures contracts across the entire network PEPE price Scroll TVL, Sui TVL, Eigenpie TVL, and USDe have reached historic highs in suppl volume; The kSnc ecosstem MEME coin generall rose.

Fuda, Grascale, and others have abandoned their staking plans in spot ETH ETF applications.

It is rumored that kSnc will undergo TGE this week and be airdropped in mid-June.

Sui's activit this Sunda has reached 1 million.

Jupiter launched a massive unified market plan and established the GUM alliance.

Pudg Penguins has released version 2.0 of plush tos.

Whales Market launches the token issuance platform Whales.meme.

Farcaster announced the completion of a $150 million financing led b Paradigm.

Earl investor Fred Wilson announced that he had left X and turned to Farcaster.

On Thursda, 24-hour BTC+0.2%, ETH +5.6%; Top 500 increase or decrease in market value 30%: None; ETH futures ETF dail trading volume, grascale ETH trust dail trading volume Linea TVL and Farcaster users have set a new historical high in dail interaction data; The rune is rising.

The WisdomTree entit BTC and ETH ETP were launched on the London Stock Exchange on the 28th.

UniSat: The "pia" in_script_ion will be air dropped on the wallets of eligible users.

MetaMask is integrating native BTC into its wallet.

Telegram will launch in-app coin Stars to address App Store restrictions.

STEPN will launch the social fitness app STEPN GO and a new token, GGT.

Regulator & Macro Policies

Former CFTC Chairman announced that Trump will be the first crpto president of the United States.

The ke vote for the approval of ETH spot ETFs ma come from the Chairman of the SEC.

The SEC requires exchanges to accelerate updating the 19B-4 documents for spot ETH ETFs.

The chairman of the FDIC, unfriendl to crptocurrencies, has resigned.

The US Securities and Exchange Commission has requested the Nasdaq and Chicago Options Exchange to adjust the application documents for listing spot ETH ETFs; SEC staff preferred approving ETH spot ETFs.

The Trump campaign team has started accepting crpto donations, and it is reported that Biden ma have significantl changed his attitude towards crptocurrenc to block Trump.

Submit amendments to spot ETH ETF 19b-4 to the New York Stock Exchange and others; BlackRock confirms that its spot ETH ETF application does not involve staking. There ma be preliminar news from the SEC tomorrow.

The Hong Kong Securities and Futures Commission is discussing allowing ETH ETF issuers to stake.

The US House of Representatives approved the FIT21 Crptocurrenc Act.

Crpto Market Highlights

Last week, the overall crpto market rose, mainl due to the positive information on the approval progress of ETH spot ETFs. This information has driven the crpto market to experience a general upward trend in the short term, but as the weekend closing period approaches, man currencies are also beginning to show a downward trend in prices. However, the price of ETH continues to rise, and it is not ruled out that positive news in the future will lead to further price increases.

The overall market situation has risen quickl this week. Although man currencies have experienced significant increases, PENDLE has seen the largest increase, driven b the rise in ETH. The coin has seen a weekl increase of nearl 50% and is currentl maintained at around 49%, with prices around $6.3. The high point of the coin's weekl price once reached $6.5, while the low point appeared around $4.2 during the opening period, ranking among the top 1 in weekl gains. (Data Courtes Of Coinmarketcap)

BTC & ETH Weekl Performance

Bitcoin (BTC)

(Data Courtes Of TradingView)

The price of BTC has been driven up b news this week, and since the middle of the week, the overall price has fluctuated more frequentl, mainl due to a rapid upward trend. According to earlier predictions, the coin's price remained within the range of $65,000, but there was significant positive news this week, leading to an upward trend in BTC prices. But as we enter the close of the weekend, the downward trend of the coin's volatilit becomes increasingl evident. Currentl, BTC is maintaining a sustained fluctuation above $67,000, with a certain trend of making up for losses. The high point of BTC's weekl price is close to $72,000, while the low end is within the range of $66,400.

Analsis suggests that the price of BTC this week was affected b positive news on the approval progress of the ETH spot ETF. As a leading mainstream coin, BTC has shown significant upward fluctuations, but it lacks strong upward support in recent times. Therefore, the coin shows a volatile downward trend as the weekend approaches. Based on the positive news during the weekend, there is expected to be another significant upward trend.

Ether (ETH)

(Data Courtes Of TradingView)

The price trend of ETH this week has shown a slight fluctuation after a rapid increase. After being affected b the joous news of spot ETF approval, ETH has finall experienced its largest recent increase, and it seems that the probabilit of final approval is high; the likelihood of ETH continuing to maintain an upward trend in the future is relativel high. The high point of the coin within a week is around $3,950, while the low end is around $3,050.

Analsis suggests that the performance of the ETH coin price this week is influenced b its own hot trends, and the coin price has relativel clear upward support. Currentl, it seems that more major market changes in the future of the coin ma come from external news and regulator changes, and the probabilit of being positive is relativel high.

Web3 Project Trend

The total market value of the seven project categories has fluctuated this week. Due to changes in market ccles and external news, different tracks have also shown different performances. There is still a probabilit of significant changes in the overall market trend, and various sectors ma receive clear signals of ups and downs during the weekend.

Project categor	7d Change	Top 3 Gainers	Comment
Laer 1	6.0%	BLD,CPH,NAI	The Laer 1 track has seen some recover this week, but the upward trend of the top growth currencies is also basicall controlled within a certain range, mainl driven b the overall volatilit of the market.
Laer 2	6.3%	TOR,MANTA,LL	The overall increase in the Laer 2 sector this week is similar to that of the L1 track, with the top growth projects maintaining a certain range of gains and a relativel small overall fluctuation.
DeFi	13.6%	NSBT,COW, GUAC	The DeFi track has seen significant growth, with significant gains in top growth projects, and a significant increase in liquidit over the week compared to earlier periods.
NFT	2.9%	SILK,VIBE,AUDIO	The NFT market has seen a certain increase this week, but the magnitude is relativel small and has not been significantl affected b the overall changes in the market.
MEME	9.1%	WGC,ROOST,ZAZU	The overall market recover of the MEME coin track this week is also quite significant, with exaggerated gains in top growth currencies, but overall fluctuations are still quite intense.
BRC-20	-6.0%	EFIL,PKEY,ROUP	The BRC-20 sector continues its downward trend, and there is currentl little possibilit of a significant short-term upward trend in this race.
AI	2.1%	ROKO,PAINT,NEURA	This week, the AI track suspended two consecutive weeks of significant upward movement and has basicall entered a stable fluctuation ccle. In the absence of clear news, the track's subsequent trend will show a slowing trend.