Odaily Planet Daily News Binance Research recently released a market analysis for June, which pointed out: 1. The crypto market experienced a significant downward momentum in June, which ultimately led to a 11.4% drop in total market value. In July, Mt.Gox announced that it would repay more than 140,000 BTC, after which BTC fell sharply. It is worth noting that the US and German governments are simultaneously transferring large amounts of BTC to centralized exchanges, which has exacerbated the negative sentiment in the market; 2. Miners have been net sellers of Bitcoin since November 2023, the longest consecutive period of net selling since 2017. This has caused miners' Bitcoin balances to reach their lowest level in 14 years, with one important driving factor being the Bitcoin halving event in April. Given that block rewards account for the majority of miners' income, many miners are forced to sell their Bitcoin holdings to survive. In addition, the industry has also seen a wave of transactions and mergers and acquisitions, including those of Hut 8, CleanSpark, and Core Scientific; 3. Over the past month, activity in the TON ecosystem has continued to increase, with the number of daily active addresses reaching an all-time high of nearly 578,000 on June 14. Notable drivers and developments include the continued success of The Open League, Binance's integration of USDT on the network, and Pantera Capital's announcement of a new financing plan to increase investment in TON; 4. BNB is one of the strongest performing exchange-related tokens this year, up 86.4% year-to-date. In addition to benefiting from the overall market improvement, BNB's performance has also been boosted by the additional utility brought by multiple Binance Launchpool activities and new initiatives such as Binance's Megadrop and HODLer Airdrops; 5. EigenLayer's market share fell to a low of 92.2%, indicating intensified competition in the re-staking track. Although smaller, Karak and Paradigm-backed Symbiotic have both achieved significant growth: Symbiotic reached its initial $200 million deposit cap in a single day, while Karak’s TVL exceeded $1 billion for the first time. Nevertheless, EigenLayer’s first-mover advantage shows that Karak and Symbiotic still have a long way to go to further develop in this fast-growing sub-sector.