6.25 Crypto Morning Report | Market Trends and Opportunities Overview
Bitcoin experienced a slight rebound due to easing geopolitical tensions, and the market seems to be digesting the "war premium"; Ethereum short positions continue to rise, and it remains to be seen whether it can lead the altcoin sector to break through; SOL maintains a fluctuating upward trend, although there is significant selling pressure, with Grayscale's SOL trust management fee reaching 2.5% causing heated discussion.
Coinbase announced a system upgrade on July 19 that will pause services for 3 hours, yet its stock price rose against the trend; PolyhedraZK token ZKJ experienced a rollercoaster market, surging on its first day before plummeting over 90%; Sahara Labs is listed on Binance's spot market, and further platform expansion is highly anticipated. The SOL ecosystem is making frequent new moves, with DeFi Dev Corp launching shared staking rewards for WIF verification nodes.
On a macro level, the Federal Reserve has an 81.4% probability of maintaining interest rates in July, and the market is in a wait-and-see mode; NYSE Arca submitted a BTC & ETH ETF application for Truth Social, owned by Trump, but Powell made it clear that the Federal Reserve will not purchase Bitcoin. Aptos has partnered with Jump to launch the hot storage network Shelby, and its potential for a comeback remains to be observed.
Polymarket is about to complete a $200 million financing round, with a valuation exceeding $1 billion, while in comparison, Pump.fun's valuation appears particularly attractive. The market is rife with undercurrents, and opportunities for small capital to become wealthy still exist; the key is to seize early layout opportunities in high-quality projects.
