Cryptocurrency Market Performance
Currently, the total market capitalization of cryptocurrencies is $3.34 trillion, with BTC accounting for 61.55% or $2.06 trillion. The market cap of stablecoins is $251.5 billion, with a recent 7-day increase of 0.63%, of which USDT accounts for 62.14%.
This week, BTC's price is showing range-bound fluctuations, currently at $105,300; ETH is also showing range-bound fluctuations, currently at $2,551.
Among the top 200 projects on CoinMarketCap, a small number have risen while most have fallen, including: KAIA with a 7-day increase of 45.16%, AERO with 45.15%, AB with 43.15%, and RVN with 43.63%.
This week, the net inflow into U.S. Bitcoin spot ETFs was $1.3703 billion; the net inflow into U.S. Ethereum spot ETFs was $527.6 million.
The 'Fear & Greed Index' on June 14 is 52 (an increase from last week), with this week's sentiment being: 4 days neutral, 3 days greedy.
Market Predictions:
This week, stablecoins continue to be issued, with significant net inflows into U.S. Bitcoin spot ETFs and net inflows into Ethereum spot ETFs. Both BTC and ETH remain in a range-bound fluctuation. The RSI index is at 39.65, indicating weakness, while the altcoin season index is at 24. This week, the U.S. CPI and PPI indices for May are both in line with market expectations, and the impact of tariffs on inflation has yet to be seen. The fear and greed index remains between neutral and greedy.
The probability of the Federal Reserve cutting interest rates by 25 basis points in June is only 2.2%, and a rate cut is expected to begin in Q3 of this year. The market has absorbed the expectation that the Fed will not cut rates in June, so next week's rate announcement is not expected to have a significant impact. The expected price range for BTC next week is $102,000-$107,000. Currently, the conflict between Israel and Iran is quite sharp, and in the short term, the market may decline due to this. However, in the long term, a bull market is brewing in its final sprint phase. If the U.S. stablecoin bill is officially passed in August and the Fed cuts rates in September, a significant price increase is expected. At this stage, it is recommended to accumulate on dips.
Understanding the Now
Review of Major Events of the Week
1. On June 9, according to crypto journalist Eleanor Terrett, an alternative amendment to the U.S. Digital Asset Market Clarification Act (CLARITY Act) has been released. This alternative amendment is an updated version of the submitted bill, containing recent amendments and new content. This text will serve as the basis for the discussions and revisions by Republican members of the U.S. House Committee on Financial Services this Tuesday;
2. On June 9, Bloomberg senior ETF analyst Eric Balchunas revealed that BlackRock's IBIT holdings have surpassed $70 billion, becoming the fastest ETF to reach this milestone in just 341 days, five times faster than the previous record held by GLD at 1,691 days;
3. On June 10, the Ethereum Foundation announced that last month it unveiled the 'Trillion-Level Security' (1TS) plan, which is an ecosystem-wide effort aimed at upgrading Ethereum's security. Today, the first 1TS report has been released to outline the existing security challenges within the Ethereum ecosystem;
4. On June 11, the meme project Slerf posted product screenshots on its official Twitter, hinting at the potential launch of a token issuance platform Slerrrfpad;
5. On June 12, the U.S. Senate passed the GENIUS Stablecoin Act (Guidance and Establishment of a National Innovation Act for U.S. Stablecoins) with a procedural vote of 68 to 30, initiating a full debate and final Senate vote on the bill. If passed, it will be submitted to the House of Representatives for further review;
6. On June 11, Bloomberg reported that payment company Stripe agreed to acquire crypto wallet provider Privy, based on Stripe's recent acquisition of stablecoin infrastructure company Bridge. The terms of the deal have not been disclosed. Privy helps companies integrate crypto wallets into user experiences and mainly provides wallet integration services for businesses, having supported platforms like OpenSea;
7. On June 11, Sonic Labs announced that it will start the second season of S token airdrops on June 18;
8. On June 13, Israeli Defense Minister Katz stated that following Israel's attack on Iran, missile and drone attacks against Israel and its civilians are expected in the near future;
9. On June 13, Coinbase announced it will launch perpetual contracts in the U.S.;
10. On June 12, The Information reported that a little-known company at the core of the U.S. financial system is exploring issuing a stablecoin, a move that could accelerate the adoption of digital assets in various markets. This company is the Depository Trust & Clearing Corporation (DTCC), responsible for processing U.S. stock trades;
11. On June 13, Bitcoin Magazine reported that the Japanese mobile game studio Gumi purchased Bitcoin valued at 1 billion yen (approximately 6.96 million USD).
Macroeconomics
1. On June 12, Canadian listed company Matador increased its holdings by 5.38 bitcoins. After this acquisition, Matador Technologies' total bitcoin (and bitcoin-equivalent assets) holdings have reached approximately 69 coins;
2. On June 13, according to an official announcement, Japanese listed company Remixpoint recently purchased an additional 56.87 bitcoins, valued at approximately 59.15 million USD (887 million yen), with an average price of about 104,000 USD per bitcoin. This purchase brings its total bitcoin holdings to 1,038.27 coins, crossing the milestone of one thousand for the first time;
3. On June 11, Trump stated on the social platform Truth that an agreement with China is close to being finalized. China will supply rare earths; the U.S. will provide terms of the agreement including student admissions; U.S. tariffs are set at 55%, while Chinese tariffs are set at 10%;
4. On June 11, the U.S. reported a non-seasonally adjusted CPI year-on-year rate of 2.4% for May, while market expectations were 2.5%. The non-seasonally adjusted CPI month-on-month rate for May was reported at 0.1%, with market expectations of 0.2%. The seasonally adjusted core CPI month-on-month rate for May was reported at 0.1%, with market expectations of 0.3%. The non-seasonally adjusted core CPI year-on-year rate for May was reported at 2.8%, with market expectations of 2.9%;
5. On June 12, the number of initial unemployment claims in the U.S. for the week ending June 7 was 248,000, with an expectation of 240,000;
6. On May 31, according to CME's 'FedWatch', the probability of the Federal Reserve cutting interest rates by 25 basis points in June is 2.2%, while the probability of maintaining rates is 97.8%.
ETF
According to statistics, from June 9 to June 13, the net inflow into U.S. Bitcoin spot ETFs was $1.3703 billion; as of June 13, the total outflow from GBTC (Grayscale) was $23.193 billion, currently holding $19.468 billion, and IBIT (BlackRock) currently holds $70.132 billion. The total market value of U.S. Bitcoin spot ETFs is $129.738 billion.
Net inflow into U.S. Ethereum spot ETFs: $527.6 million.
Foreseeing the Future
Event Preview
1. NFT NYC 2026 will be held in New York, USA from June 23 to 25, 2025;
2. Permissionless IV will be held in New York, USA from June 24 to 26, 2025;
3. EthCC 8 will be held in Cannes, France from June 30 to July 3, 2025;
4. IVS2025 KYOTO will be held in Kyoto, Japan from July 2 to 4, 2025.
Project Progress
1. ARK 21Shares Bitcoin ETF ARKB will undergo a 3-for-1 stock split on June 16 to make the fund more accessible to investors. The company stated that this stock split will not affect ARKB's net asset value, stock code, or investment strategy, and its shares will continue to trade under the same CUSIP;
2. The decentralized social protocol Farcaster is expected to launch three professional subscription benefits during the week of June 16, including: content posting of 10K characters, 4 embedding features (including images, videos, URLs, CA, and mini-apps), and a new profile banner feature;
3. Lido has gradually shut down its staking services on Polygon, with a transition period from December 16, 2024, to June 16, 2025. Front-end support will end on June 16, 2025, and withdrawals will only be possible through browser tools;
4. The Nansen Points Season 1 will launch on June 17, and users currently staking, subscribing, or inviting on Nansen will have their actions counted towards their points balance on that day.
Important Events
1. To commemorate the 250th anniversary of the U.S. Army, a large-scale parade and celebration will be held in Washington, D.C. on June 14. This parade coincides with former President Donald Trump's birthday and U.S. Flag Day;
2. On June 17, the Bank of Japan will announce its interest rate decision;
3. On June 18, the U.S. will release the number of initial unemployment claims for the week;
4. The U.S. will announce the Federal Reserve's interest rate decision on June 18;
5. The UK will announce its central bank interest rate decision on June 19;
6. On June 19, Japan will announce the year-on-year core CPI for May.
Token Unlocking
1. ApeCoin (APE) will unlock 1,538 tokens on June 17, worth approximately $10.53 million, accounting for 1.54% of the circulating supply;
2. Cronos (CRO) will unlock 1.17 billion tokens on June 17, worth approximately $107 million, accounting for 1.17% of the circulating supply;
3. Pixels (PIXEL) will unlock 89.37 million tokens on June 19, worth approximately $3.43 million, accounting for 1.79% of the circulating supply;
4. Polyhedra Network (ZKJ) will unlock 15.5 million tokens on June 19, worth approximately $30.89 million, accounting for 1.55% of the circulating supply;
5. Zksync (ZK) will unlock 759 million tokens on June 19, worth approximately $39.13 million, accounting for 3.62% of the circulating supply;
6. Bittensor (TAO) will unlock 216,000 tokens on June 21, worth approximately $81.05 million, accounting for 1.03% of the circulating supply.
About Us
Hotcoin Research, as the core research and investment hub of the Hotcoin ecosystem, focuses on providing professional in-depth analysis and forward-looking insights for global cryptocurrency investors. We have built a service system of "trend analysis + value mining + real-time tracking" to provide precise market interpretations and practical strategies for investors at different levels through in-depth analysis of cryptocurrency industry trends, multidimensional evaluation of potential projects, and all-day market volatility monitoring, combined with weekly live strategy sessions of (Hotcoin Strict Selection) and daily news briefings of (Blockchain Today). Leveraging cutting-edge data analysis models and industry resource networks, we continuously empower novice investors to build cognitive frameworks and assist professional institutions in capturing alpha returns, collectively seizing opportunities for value growth in the Web3 era.
Risk Warning
The cryptocurrency market is highly volatile, and investing carries risks. We strongly advise investors to invest only after fully understanding these risks and within a strict risk management framework to ensure the safety of their funds.
Website: https://lite.hotcoingex.cc/r/Hotcoinresearch
X: x.com/Hotcoin_Academy
Mail: [email protected]
