币圈掘金人

#美联储FOMC会议 Ethereum Upgrade and Market Performance

Pectra Upgrade: Ethereum has completed the Pectra upgrade (Prague + Electra), focusing on enhancing scalability, security, and user experience, including modular smart contracts, lightweight nodes, and staking optimization, laying the foundation for large-scale applications. As a result of the upgrade, Ethereum's price temporarily surged to $2680, currently retreating to around $2640 for consolidation, with a trading volume of $23.1 billion.

Security Program: The Ethereum Foundation has launched a "Trillion Dollar Security Program," aimed at building underlying infrastructure capable of supporting trillions of dollars in value, attracting institutions to participate in on-chain asset storage.

Bitcoin Price and Technical Dynamics

Price Performance: Bitcoin's current price is fluctuating around 107,500 USD, with a daily high of 108,900 USD and a low of 106,115 USD. The 24-hour trading volume exceeded 31.5 billion USD, and the total market capitalization remains at approximately 2.14 trillion USD. The technical indicators show that the daily chart for Bitcoin is forming a 'triangular convergence' structure. If it breaks through the resistance level of 108,000-109,000 USD, it could open up an upward channel towards 112,000 USD or even 140,000 USD.

On-Chain Data: Large wallet addresses (holding 100-10,000 BTC) have recently shown signs of selling, but institutions continue to accumulate, such as MicroStrategy, which has recently increased its holdings by 10,100 BTC at an average price of 104,080 USD over the past week, bringing its total holdings to 592,100 BTC with an average cost of 70,666 USD.

#韩国加密政策 Corporate and Institutional Trends
1. Musk and Trump Intensify Conflict
Trump claims Musk has "lost his mind" and threatens to terminate his government subsidies; Musk retorts, "He can't win the election without me." The conflict stems from the repeal of the electric vehicle mandate in the tax reform bill, causing Tesla's stock to plummet 14% in a single day before rebounding slightly by 5.4%.

2. Traditional Giants Accelerate Entry
JPMorgan increased its stake in Meituan to 5.32%, optimistic about improving liquidity in Hong Kong stocks; HKEX data shows that the average daily trading volume in the first five months of 2025 increased by 120% year-on-year.
Honor is recruiting talent for robot research and development, positioning itself in embodied intelligence large models; Huawei and Xpeng jointly released AR-HUD technology, with Hongmeng Smart Travel's weekly sales exceeding 12,000 units.

#看懂K线 Institutional Views and Market Outlook
1. Cryptocurrency
Short-term: CITIC Securities points out that the legislation process for stablecoins is favorable for the medium to long-term market, but we need to wait for certainty regarding Trump's policies.
Operational advice: If Bitcoin holds the support at $100,000, consider buying on dips; if it breaks through $105,950, chase the increase; ETH should pay attention to the resistance level of $2,800.

2. Precious Metals
Bank of America is bullish on silver reaching $40 (driven by industrial demand + green energy), and gold may reach $4,000 by the end of the year (supported by geopolitical risks).

3. Macroeconomic Environment
The ECB lowered interest rates by 25 basis points to 2%, and JPMorgan predicts that funds may flow from the US to Europe; before the Fed's June interest rate decision, better-than-expected non-farm data reduces the likelihood of a rate cut.

#常见交易错误 Policies and Regulatory Dynamics
1. New Chair of Federal Reserve's Regulatory Committee Takes Office, Crypto Policy May Shift
Michelle Bowman has been promoted to Vice Chair of Financial Supervision at the Federal Reserve, proposing to lower capital requirements for banks holding crypto assets, which may accelerate Wall Street's layout of custody services. However, consumer organizations warn that its tendency towards 'deregulation' could increase systemic risks.

2. Divergence in Stablecoin Progress between China and the U.S.
United States: Circle (the issuer of USDC) lists as the 'first stablecoin stock' on the New York Stock Exchange, soaring 168% on its first day, with a market cap exceeding $25 billion.
China: JD's stablecoin enters the second phase of sandbox testing, focusing on validating scenarios such as cross-border payments (cost savings + near-instant settlement) and investment trading, working closely with regulators to promote compliance.

$BTC Major Market Volatility
1. Bitcoin Plummets to $100,000 Level
Influenced by the public conflict between Musk and Trump, Bitcoin broke below the critical support of $105,000, hitting a low of $100,400, with a 24-hour decline of over 4%. The market is concerned that Trump's potential re-election may strengthen cryptocurrency regulation, triggering panic selling.
- **Chain Reaction**: On-chain data shows miners are concentrating on transferring out BTC, with over $130 million in liquidations in the futures market within 24 hours; net inflows of stablecoins (USDT, USDC) surged, indicating heightened risk-averse sentiment.

2. Ethereum ETF Attracts Strong Capital, BTC Funds Diverted
BlackRock's Ethereum ETF saw a net inflow of $73.18 million in a single day, while most Bitcoin ETFs (excluding BlackRock) experienced net outflows. The structural migration of funds intensifies the adjustment pressure on BTC.

3. Silver Soars, Gold Under Pressure
Trump's increase of steel and aluminum tariffs to 50% triggered a surge in safe-haven demand for silver, with COMEX silver futures rising 3.31% to $35.795 per ounce; gold fell 0.68% to $3376. Goldman Sachs noted that programmatic trading and bullish options bets are driving silver prices higher in the short term.

#科技巨头入场稳定币 Policy Game: The conflict between Trump and Musk exposes political uncertainty, which may suppress market sentiment in the short term, but long-term policy easing (such as ETFs and tax reforms) still supports the market.
Capital Migration: Strong inflow into Bitcoin ETFs, but there is a clear trend of funds flowing towards Ethereum ETFs, requiring attention to structural changes.
Technical Risks: The EU regulatory draft could undermine the legitimacy of public chains, and the industry must address compliance challenges. $BTC

$USDC Project and Industry Dynamics
1. Twetch Platform Sudden Shutdown, Users' NFTs Trapped
The social media platform Twetch, based on the BSV chain, shut down without warning, and users are unable to withdraw NFTs from the platform. The official statement claims they are "urgently handling" the situation but did not specify the reason.

2. Yuga Labs Plans to Dissolve ApeCoin DAO
CEO Greg Solano criticized the inefficiency of DAO governance and plans to transfer assets to a new entity, ApeCo, focusing on core businesses like ApeChain. If approved, token holders will lose governance rights.

3. Institutional Holdings Reach New Highs
The Bitcoin holdings of listed companies reached 809,000 coins (approximately $85 billion), more than doubling within a year. Investment advisors have become the largest holders of Bitcoin ETFs ($10.28 billion), and Ethereum ETF institutional holdings have surpassed $1.06 billion.

Major Events and Conflicts
1. Trump vs Musk: Political Games Impacting the Market*
Musk publicly refused to fund Trump's campaign, stating, "Without me, he will lose the election"; Trump retaliated by threatening to end government subsidies for Musk. The conflict caused Tesla to plunge 14% in a single day, Bitcoin dropped to $100,400, and the crypto market saw over $1 billion in liquidations.
Market Impact: Investors are concerned that if Trump wins, there may be a policy shift, potentially closing the window for relaxed crypto regulations.

2. First Stablecoin Stock Circle Surges on Listing
Circle (USDC issuer) debuted on the NYSE with a first-day increase of 168.48%, closing at $83.23 and rising to $87.71 in after-hours trading, with a transaction volume exceeding $47 million.

#交易手续费揭秘 Policy and Regulatory Developments
1. Progress on Cryptocurrency Tax Reform in the U.S.
Senator Cynthia Lummis is pushing to include cryptocurrency in tax legislation, with key elements including exemption of miners from reporting gains and losses, extending the 'wash sale rule' to the crypto space, expected to generate billions in tax revenue.

2. Changes in Federal Reserve Regulatory Personnel
Michelle Bowman narrowly received Senate approval to become the Vice Chair for Supervision at the Federal Reserve, leading banking and stablecoin regulatory policy, which may impact access to banking services for crypto businesses.

3. EU Regulatory Risk Warning
The European Data Protection Board (EDPB) draft guidelines require blockchain to support data deletion functionality, if passed, could pose a risk of Bitcoin being deemed illegal in the EU.

#加密安全须知 Market Trends and Capital Flows
1. Bitcoin ETF Continues to Attract Capital, Prices May Reach New Highs
The US spot Bitcoin ETF has seen a net inflow for 19 consecutive days, with nearly $1.7 billion flowing in this week. If the trend continues, Bitcoin may break the historical high of March ($73,835).
Capital Divergence: Ethereum ETF performs strongly (e.g., BlackRock saw a single-day inflow of $73.18 million), while some Bitcoin ETFs (e.g., Fidelity) experienced net outflows, increasing short-term adjustment pressure on BTC.

2. Trump-themed Tokens Experience High Volatility
The public conflict between Trump and Musk (see below for details) led to a 24-hour drop of over 9% for the TRUMP token. Trump Media Technology Group (TMTG) submitted the Bitcoin ETF S-1 registration document, planning to launch a Bitcoin ETF through Truth Social.

#交易对 Political Risk: The Trump-Musk conflict temporarily disturbs the market, but a quick rebound shows resilience;
Regulatory Watershed: The vote on the US stablecoin bill is imminent, intensifying the regulatory game in New York;
Capital Dominance: Circle's IPO and institutional accumulation of BTC confirm deep involvement of traditional finance.

It is advisable to continue monitoring the Federal Reserve's interest rate decisions and the US CPI data, which may become key catalysts for the next stage of the market.

#交易流动性 Business and Technology Progress
1. JD.com Stablecoin Testing Cross-Border Payments
JD.com stablecoin has entered the second phase of the sandbox, with testing scenarios including cross-border payments (speed reduced from days to seconds), investment trading, and retail payments, while working with regulatory agencies to advance compliance.

2. Ethereum Foundation Restructures R&D Department
Some teams have been disbanded, and after restructuring, the focus will be on three major areas: scaling the base layer, optimizing data availability modules (blobspace), and enhancing user experience.
New fiscal management regulations require annual expenditures not to exceed 15% of the treasury total, decreasing to 5% over the next five years.

3. Tether Strategic Adjustment
CEO Paolo Ardoino stated that the focus will be on developing non-U.S. markets such as Latin America, Asia, and Africa, potentially entering the U.S. through new stablecoins. Data shows that the Singapore-China corridor accounts for 36.3% of stablecoin flows, far exceeding the U.S.'s 18.7%.

#订单类型解析 Global Regulatory Dynamics
1. U.S. Stablecoin Bill Advances
The "GENIUS Act" is expected to be voted on in the Senate this week, with key provisions including: banning foreign entities such as China from holding stablecoin issuers, and strengthening anti-money laundering requirements.
Polls show that 74% of U.S. voters support cryptocurrency-specific legislation.

2. Singapore Tightens Restrictions on Overseas Services
Unlicensed cryptocurrency service providers must cease providing services to overseas customers by June 30, with no transition period.
Hong Kong legislator Wu Jiezhuang calls for affected companies to relocate to Hong Kong, stating that thousands of Web3 companies have already settled there.

3. South Korea's New President Promotes Cryptocurrency Reform
After being elected, Lee Jae-myung pledged to push for spot cryptocurrency ETFs, a Korean won stablecoin, and to improve the regulatory framework for digital assets.

#中心化与去中心化交易所 II. Market Dynamics and Capital Movements
1. Bitcoin Strong Rebound
Rebounded from a low of $100,377 on June 5th to $104,472, with a 24-hour trading volume of $47.8 billion, showing a V-shaped reversal technically. Resistance levels are seen at $105,000-$107,000, and support level at $101,500.
Catalysts for the rebound include improved ETF inflows (net inflow of $50 million in a single day) and short covering.

2. Circle Surges 168% on First Day of Trading
Stablecoin USDC issuer Circle debuts on the NYSE, closing at $83.23 (issue price $31), with a market capitalization exceeding $18.5 billion, becoming the "first stablecoin stock".
BitMEX founder warns that this IPO boom may revive the ICO bubble risks of 2017.

3. Institutional Holdings Surge
Bitcoin holdings of 116 listed companies increased to 809,100 BTC (approximately $85 billion), more than double the amount in 2024, mainly due to Trump's policy support and new accounting standards allowing for profit recognition.

#交易类型入门 Political Conflict Triggers Huge Market Shock
1. Trump and Musk Publicly Split*
Trump calls Musk a "person who has lost his mind" and threatens to terminate his government subsidies and contracts; Musk retaliates by saying "without me, he can't win the election."
Market Impact: The total liquidation amount in the crypto market reached $983 million within 24 hours (227,300 users), and Bitcoin briefly fell below $100,000 but then rebounded to $104,472 (a daily increase of 4%).
Trump plans to sell his red Tesla, and the White House confirms that there is no willingness from either side to repair the relationship.

Where will the next breakout be for #比特币突破11万美元 ? Three major tracks are emerging

1. RWA (Real-World Assets)
Tokens like ONDO and POLYX are moving real estate and gold onto the blockchain, with Texas even planning to establish a "Bitcoin Strategic Reserve." If traditional assets are massively brought onto the blockchain, a trillion-dollar market may open up.

2. Re-Staking Track
Projects like PENDLE and BB are doubling capital efficiency through "staking for yield + leveraged returns." Institutional investors state: "This is the on-chain version of the 'rent collection game.'"

3. AI Tokens
Tokens like ARKM and PHB have surged due to breakthroughs in AI technology, but caution is warranted against "pseudo-technology" hype. After all, not all tokens jumping on the bandwagon will become the next ARKM.

Your choices determine your financial future

As Bitcoin breaks through $110,000, as the Trump family bets big on Meme coins, and as hackers and security companies engage in a cat-and-mouse game, every day in the crypto space feels like a roller coaster. At this moment, we want to ask:

If you were given $100,000, would you choose to go all in on Bitcoin, chase Meme coins, or bet on the RWA track? #BTC再创新高 $BTC