Cryptocurrency Market Performance
Currently, the total cryptocurrency market capitalization is $3.34 trillion, with BTC accounting for 61.55%, valued at $2.06 trillion.Stablecoin market capitalization is $251.7 billion, with a 7-day increase of 0.33%, of which USDT accounts for 62.23%.
This week, BTC's price has been range-bound, currently at $106,000; ETH is also range-bound, currently at $2,555.
CoinMarketCap shows that among the top 200 projects, a small portion are rising while most are falling, with: AERO up 40.29% in 7 days, KAIA up 27.7% in 7 days, T up 24.32% in 7 days, PNUT up 11.06% in 7 days.
This week, US Bitcoin spot ETF net inflows: $1.0454 billion; US Ethereum spot ETF net inflows: $40.3 million.
The "Fear & Greed Index" on June 20 was 48 (lower than last week), with a neutral sentiment for 7 days.
Market Forecast:
This week saw continued stablecoin issuance, significant net inflows into US Bitcoin spot ETF, and net inflows into Ethereum spot ETF. BTC and ETH remain range-bound. The RSI index is 40.86, indicating a neutral stance. The US June interest rate resolution was in line with market expectations, so prices did not fluctuate significantly. The Fear & Greed Index remains neutral.
Although institutions and listed companies continue to buy BTC, there is still hidden selling pressure, and community sentiment has not been stirred. In the short term, upward momentum is weak. BTC price is expected to be in the range of $100,000-$105,000 next week, and currently, small-scale buying on dips is recommended. In June-July, if there are no major macro policy influences, the market will remain range-bound until the US stablecoin bill is officially enacted in August or the Federal Reserve cuts rates, which could trigger a significant price increase. During the "trading garbage time,"new coin opportunities can be explored, and Hotcoin may hold on-chain wealth codes worth paying attention to.
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Project Progress
1. Socios.com, a Web3 sports app and wallet under Chiliz, announced a partnership with esports club Ninjas in Pyjamas (NIP) to launch the DOJO fan token. The fan token offering (FTO) will take place on June 24, 2025, and will provide rewards for fans through NIP's loyalty platform The Dojo;
2. Cygnus stablecoin wcgUSD yield pool on Pendle will expire on June 26;
3. Spanish coffee chain Vanadi Coffee SA will request authorization to implement a Bitcoin reserve strategy at its board meeting on June 29, planning to invest over 1.1 billion dollars to purchase Bitcoin and obtain financing permissions. Currently, the company has completed its first purchase, buying 5 BTC for $500,000.
Important Events
1. Bank of Korea (BOK) Governor Lee Chang-yong will meet with commercial bank presidents at the Bank Hall in central Seoul on the 23rd of this month, expected to discuss the issuance of a won-based stablecoin;
2. On June 24 at 22:00, Federal Reserve Chairman Powell will deliver the semi-annual monetary policy report testimony to the House Financial Services Committee;
3. On June 26 at 20:30, the US will release initial jobless claims for the week ending June 21 (in ten thousands);
4. On June 27 at 20:30, the US will release the May core PCE price index year-on-year rate.
Token Unlocks
1. Eigenlayer (EIGEN) will unlock 1.29 million tokens on June 25, valued at approximately $1.43 million, representing 0.42% of circulating supply;
2. IOTA (IOTA) will unlock 15.1 million tokens on June 25, valued at approximately $2.42 million, representing 0.39% of circulating supply;
3. Venom (VENOM) will unlock 59.13 million tokens on June 25, valued at approximately $9.58 million, representing 2.84% of circulating supply;
4. Moca Network (MOCA) will unlock 2.43 million tokens on June 27, valued at approximately $173,000, representing 0.08% of circulating supply.
About Us
Hotcoin Research, as the core investment research hub of the Hotcoin ecosystem, focuses on providing professional in-depth analysis and forward-looking insights for global crypto asset investors. We build a three-in-one service system of "trend judgment + value mining + real-time tracking", offering precise market interpretation and practical strategies for investors at different levels through comprehensive crypto industry trend analysis, multi-dimensional potential project assessment, and round-the-clock market fluctuation monitoring, combined with the biweekly "Hotcoin Strict Selection" strategy live broadcast and daily "Blockchain Today's Headlines" news briefing. Leveraging cutting-edge data analysis models and industry resource networks, we continuously empower new investors to establish cognitive frameworks and help professional institutions capture alpha returns, jointly seizing value growth opportunities in the Web3 era.
Risk Warning
The cryptocurrency market is highly volatile, and investment inherently carries risks. We strongly recommend that investors invest only after fully understanding these risks and within a strict risk management framework to ensure fund safety.
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Mail：labs@hotcoin.com
