June 25 Crypto Briefing

Market Overview:

The current market sentiment is neutral, with the fear and greed index at 48, indicating a balance between fear and greed in the market. The recent index has shown little fluctuation: today 48, yesterday 47, last week 48, while last month it reached as high as 67, reflecting a recent cooling of market sentiment.

In terms of prices, Bitcoin is currently reported at $106,478, up 1.58% in the last 24 hours; Ethereum is reported at $2,451, up 2.47%.

Today's Headlines:

1. Chainlink Partners with Mastercard: 3 Billion Cardholders Can Purchase Coins On-Chain

Chainlink and Mastercard have announced a partnership that allows Mastercard's 3 billion cardholders to directly purchase cryptocurrencies on-chain through Web3 companies (such as Shift4 Payments, Swapper Finance, XSwap, ZeroHash). The Swapper Finance application is non-custodial and uses account abstraction technology to enhance user experience.

Key Points:

- Leveraging Mastercard's large user base, this is expected to significantly promote the adoption of cryptocurrency.

- The non-custodial solution enhances user asset control and security.

- Mastercard has previously engaged in tokenized trading, collaborating with Kraken, MetaMask, and others, and continues to invest in the crypto space.

Impact: This partnership is expected to greatly boost mainstream adoption of cryptocurrencies, increasing demand and prices, while also potentially attracting regulatory attention, necessitating a balance between innovation and compliance.

2. Ethereum Spot ETF Net Inflows Exceed $4 Billion

According to The Block, Ethereum spot ETF net inflows have exceeded $4 billion, with BlackRock's iShares Ethereum Trust (ETHA) contributing a total inflow of $5.3 billion, reflecting strong institutional interest.

Key Points:

- Continued net inflows indicate increased market confidence, with a single-day net inflow of $101 million on June 23.

- BlackRock and Grayscale lead the charge, with @renksieth stating on June 18 that “Ethereum ETFs have accumulated 4 million ETH.”

- Despite strong fund inflows, issues such as low network fees and increasing competition still exist.

Impact: The inflow of funds highlights increased institutional adoption, likely supporting Ethereum's price and consolidating its market position, though competition and fee issues may impact future performance.

Regardless of market fluctuations, remember to stay rational, manage risks well, and don't let emotions dictate your investment decisions.

Wishing you successful trading, and always remember to DYOR!