Introduction:
1. Bloomberg analysts believe that the probability of most spot crypto ETFs being approved has been raised to 90% or higher, but the specific launch time is uncertain.
2. Chuanzi took the taco trade to the extreme and used golf to delay his involvement in the Middle East
3. A 4.5-magnitude earthquake occurred in South Khorasan Province in eastern Iran! The specific cause is unknown, and the outside world is speculating: Was a heavy bomb used? Or is Iran conducting a nuclear test?
4. LD Capital holds approximately 177,000 ETH (approximately $453 million), with a cost of $224 million.
5. Pump.fun token auction postponed again to mid-July, with a valuation of approximately $4 billion
6. The current Binance Alpha opportunity is no longer about getting airdrops, but about catching the next “ZKJ”
1. Macro Market
1. Traditional Market
1. US stocks:
Nasdaq fell 0.51%, S&P fell 0.22%, and Dow rose 0.08%
Circle closed at $240.28, up 20.39% today, with its share price continuing to hit a new high since its listing, and its market value is 53.4 billion.
In addition, its trading volume today reached 89.52 million shares, also a record high since its listing. Coinbase rose 4.43%
2. U.S. Treasury bonds, U.S. dollar: 10-year U.S. Treasury bonds fell to 4.377%, and the U.S. dollar index was 98.77
3. Gold: Gold 3371.39, oscillating at high level
2. Policy Direction
1. About ETFs
Bloomberg analysts Eric Balchunas and James Seyffart said that they have raised the probability of approval of most spot crypto ETFs to 90% or higher, and they believe that the positive interaction of the US SEC is an important signal. However, the specific approval or launch time is still uncertain, which may be in the next one or two months, or it may have to wait until after October. The time is not important, what is important is that it will be approved.
2. The situation in the Middle East
(1) [Kawako takes taco trading to extremes, using golf to delay involvement in the Middle East] As Trump's rhetoric against Iran continued to escalate, he lamented to reporters that he had been away from golf for "three or four weeks" and said that this disrupted his plan to win "35 championships" at his own club. In any case, his return to Bedminster did not prevent the United States from continuing to collect intelligence, but after giving himself time to decide on military action against Iran, he had a chance to dust off his golf clubs.
White House Press Secretary Levitt said early this morning that Trump will decide within two weeks whether to take military action against Iran.
2. A 4.5-magnitude earthquake occurred in South Khorasan Province in eastern Iran! The specific cause is unknown, and the outside world is speculating: Was a heavy bomb used? Or is Iran conducting a nuclear test?
2. Market Inventory
1. Market data
2. Stable currency data inflow: 84 million, USDT inflow: 168 million, USDC outflow: 120 million
3. Organization dynamics
1. On June 21, according to EmberCN monitoring, Trend Research under LD Capital should now hold about 177,000 ETH (about 453 million US dollars), part of which was borrowed from Aave by mortgaging ETH and then bought. A total of 230 million USDT was borrowed, and the leverage ratio was nearly doubled.
Its comprehensive cost of ETH should be around US$2,240, and it currently has a floating profit of about US$55 million.
2. In addition to holding 173,000 ETH, Trend Research, a subsidiary of LD Capital, also controls 64.25% of the total Meme coin NEIRO tokens.
3. Everything Blockchain Inc. (EBZT), a U.S. listed company, announced plans to invest $10 million in five major blockchain networks, including Solana (SOL), XRP, Sui (SUI), Bittensor (TAO) and Hyperliquid (HYPE), to create a multi-token staking vault for institutional adoption trends.
EBZT said that this strategy will make it the first U.S.-listed company to return staking income directly to shareholders. It is expected to generate approximately $1 million in staking rewards each year after deployment, and plans to return to investors in the form of dividends in the future.
4. Capital Group, the former second largest shareholder of MicroStrategy, increased its stake in Metaplanet and became the second largest shareholder of the latter
3. Industry Hotspots
1. Competitive actions
Kraken launches Bitcoin staking service based on Babylon protocol, with annualized yield up to 1%
2. Hot events
The pump.fun token auction, valued at about $4 billion, has been postponed again to mid-July after multiple delays since late last year; the project team is selling its token allocation to crypto funds.
4. Alpha
(I) Binance Alpha
1. The handling fee subsidy page is now online
https://app.bedrock.technology/airdrop
Currently 15 points, cost about $4 (excluding handling fee refund)
2. KOL opportunity sharing
The current Binance Alpha opportunity is no longer about getting airdrops, but about catching the next “ZKJ”
After reviewing the projects that have recently been listed on Binance, we can conclude that if Binance Alpha cannot be converted to regular spot trading within 2 weeks, the probability of conversion is extremely low. The original "Alpha civil service exam landing" channel may have been cut off.
In the case of no way to become a regular employee, the project party can only choose to ship:
a. Create extreme volatility and cash out
b. Cash out on the on-chain liquidity created by Binance Alpha (see ABDAO pin)
Original text https://x.com/thecryptoskanda/status/1936065305962532963
3. The number of Binance alpha users is gradually decreasing, falling to 194,000 on the 19th
(II) SaharaLabsAI and OKX activities
Two activities, airdrop 28 million of $SAHARA (previous fundraising cost 0.06, 28 million worth 1.68 million)
Link: https://okx.saharaai.com
Pool A, users who participated in the testnet early, shared 11 million tokens
Pool B, new users of OKX, will receive 17 million tokens.
(III) Others
Solana ecosystem liquidity protocol Meteora released a summary of the community call meeting, including:
A new profit and loss tracker will be launched soon, supporting the display of USDC value, and the web version is under development;
We will develop community tools for the DLMM pool to support tracking of position liquidity declines and send notifications on Telegram;
Dune dashboards will be created for DLMM and DBC.
