This week, the Shanzhai collectively shut down, but TON rose against the trend, rising to a high of $8.33 yesterday, and has soared 34.50% so far this month.
As the Toncoin market price continues to rise, its futures open interest (OI) has also risen sharply. Notably, the contract has risen from a local low of $192.25 million two days ago to $239.38 million on June 14.  

Despite this, TON's funding rate is negative -0.22% per week and has been below zero since June 12. During the same period, TON's spot price soared by about 18.50%.

#meme板块关注热点

The market keeps falling. Can Xai create a 100x myth at this time?

In fact, after AXS came out, we look forward to finding the next 100x target on the GameFi public chain! And Xai, which we are going to talk about today, is such a game public chain!

1. What is Xai?

$XAI is an Ethereum layer 3 expansion network (also known as L3) based on Arbitrum, focusing on the game field, aiming to bring unprecedented user experience to Web3 games. Xai was created by Offchain Labs using Arbitrum technology, allowing players to own and trade in-game items without using a cryptocurrency wallet.

Xai takes advantage of the security of Ethereum while providing a convenient wallet experience, higher GAS and contract limits, and a completely decentralized environment.

2. A flourishing game ecosystem

There are already many fascinating games on Xai:

Final Form: This is a strategic card game where players fight to surpass their opponents through evolution.

LAMOverse: This is a dynamic game with a chaotic, destructible environment and a focus on survival and adaptability.

Carnival: This is an immersive futuristic open world game where information control is key.

Tarochi: This is an RPG game where you explore a vast world, capture monsters, and level up, perfect for adventure and strategy fans.

Kashi: This puzzle game is themed around origami, allowing paper heroes to travel through intricate folded spaces.

3. Star-studded investment lineup

Xai is led by the XAI Foundation and launched in collaboration between Arbitrum developer Offchain Labs and Web3 game developer Ex Populus;

Its investors include Animoca Brands, Asymmetric, CMS, Outlier Ventures and others.

On June 11, 2024, Xai launched Vanguard: Genesis on GALXE, an event that includes several months of game releases and missions covering the Xai gaming ecosystem. Last year’s Odyssey event attracted more than 500,000 wallets, generated up to 5 million transactions per day, and distributed $175 million worth of rewards to players at the top of the leaderboard. This Pioneer Genesis event has a wider coverage, higher bonuses, and a stronger bull market atmosphere, which is expected to trigger a new wave of enthusiasm in the GameFi track!

#Xai先锋创世纪

MicroStrategy is selling stocks to buy Bitcoin again. Every time it does this, it will rise sharply. Will this time be an exception?

MicroStrategy, an American software technology company, announced the pricing of a new $700 million bond due in 2032, which will be used to purchase more Bitcoin.  

The company will use part of the proceeds to continue adding more Bitcoin (BTC) to its corporate coffers. According to the latest data submitted in its first quarter 2024 financial results, Microstrategy has acquired 214,400 BTC to date, with a valuation of $14 billion.

MicroStrategy's move on June 14 follows the announcement of plans to raise $500 million through a similar offering on June 13.

The expansion to $700 million remains in line with the strategy of the largest Bitcoin company to strengthen its BTC holdings and position in the cryptocurrency market.

#BTC走势预测

Although Bitcoin has begun to fluctuate and pull back, the whales seem to be optimistic about the future trend of Bitcoin and continue to increase their positions: on June 11, Bitcoin whales took full advantage of the opportunity of the Bitcoin price plunge and accumulated 20,600 Bitcoins worth $1.38 billion. While purchasing power continues to increase, the supply of Bitcoin on cryptocurrency exchanges has fallen to 942,000, the lowest level since December 22, 2021. This weird situation makes it hard not to imagine~#BTC走势预测

Despite yesterday's market opening, more and more whales are preparing for a rainy day and starting to collect chips. Looking at PEPE, the most successful meme coin of the year, large holders actively increased their positions throughout June.

The percentage of PEPE supply held by whales (1 billion or more) remained relatively stable, fluctuating slightly around 96.02%. This shows that whale investors did not significantly adjust their positions during the price adjustment in June.

Smaller holders, including those holding 10 million to 100 million PEPE and 1 million to 10 million PEPE, actively increased their holdings when prices fell, indicating that retail investors' participation and confidence have increased.

Overall, the increasing proportion of small and medium-sized Pepe holders indicates expanding market interest and strategic accumulation, which enhances the upside prospects in June.

#meme板块关注热点

After the US CPI was lower than expected, BTC pulled a small column. Next, the market will pay more attention to Bao's next speech.

Due to the unexpectedly low inflation, futures prices rose, and the 10-year US Treasury yield fell sharply. Perhaps this is what the Fed is happy to see. Bao's next speech should not be too hawkish.

An optimistic expectation in the market is that there are more likely to be two rate cuts in 2024 rather than one, and by mid-2026, the rate will be cut by 25 basis points each quarter.

If this script is really followed, risk assets will rise sharply in the next two years. You can look forward to the future~

#美国5月CPI超预期回落

How to buy Bitcoin on Base: A Beginner's Guide (Basics)

Base has been gaining more and more attention since its TVL soared in about 90 days.
Base is a layer 2 solution for the Ethereum blockchain. Since there is no native token, this Bitcoin project on the second layer network supported by Coinbase has attracted special attention.

As a novice, before you start buying Bitcoin on Base, please follow the following steps:

1. Download a crypto wallet:

If you are using a laptop, download the Metamask extension or other crypto wallet on your Chrome browser.

You can also download the app from the Playstore or Apple Store.

 2. Wallet setup:
Write down your private key and mnemonic phrase to protect them. If you lose your private key and mnemonic phrase, your assets will no longer exist.

3. Buy Ethereum:
Buy Ethereum from an exchange such as Binance or Coinbase, and then transfer it to your MetaMask wallet.

4. Add the base network:
On your metamask wallet or extension, click Network and add the network.
Click on BASE network, approve and switch to BASE mainnet or go to chainlist.org, connect your wallet, search for BASE mainnet network and add the network.

5. Bridge Ethereum to Base Network:
Use Owlto Finance or its cross-chain bridge to transfer Ethereum from Ethereum network to Base network.
Connect your wallet and enter the amount of ETH you want to send to Base network.
Remember to leave some ETH as gas fee.
Approve the transaction and switch to Base network.
After a few minutes, Ethereum will appear on Base network.

#meme板块关注热点

In the absence of expectations for currency issuance, the Base chain has still become a super competitive network in the Layer 2 field. L2BEAT data shows that the Base chain market share has reached 16.08% (data as of June 5), with only a small gap of 0.42% from OP Mainnet’s 16.50%. In addition, an important indicator to measure the value of a chain is the total value locked (TVL). Currently, Base TVL has reached 7.6 billion US dollars, ranking third in Layer 2, with a year-on-year increase of 6.56%.

According to DefiLama, the most significant growth occurred between mid-March and April, when TVL grew from $695 million to $1.66 billion, an increase of 138.85%. TVL currently remains at around $1.7 billion.

It is worth mentioning that the number of new users, active users and transactions of the Base chain all hit new highs in mid-to-late March. The main reason was related to the popular MEME craze at the time and Base integrated EIP-4844 (March 14) Later, the handling fee dropped significantly and on March 30, Sartoshi, the founder of the NFT project Mfers, announced on X that he would issue his own meme token mfercoin on the Base chain, causing a 100-fold miracle in 6 hours.

#meme板块关注热点

Last night, the OK address crisis and Vitalik sold 15,000 Ethereum to pick up girls, which caused a large drop in the market in the short term. It really makes people want to cry! So where is the short-term bottom of Bitcoin?

Observing the on-chain chips, the realized price (Realized Price, RP) of short-term holders (STH) continues to rise. At present, the STH Realized Price has risen to nearly $64,000, up 1.5% in the past week, indicating an increase in short-term speculative activities.

STH Realized Price is the cost line of the average turnover of short-term holders (users who hold coins for less than 155 days. We push back 155 days, which is about the time when the US Bitcoin spot ETF was approved in January) on the chain. It is an indicator for analyzing the main support of the current chips. Therefore, as long as Bitcoin remains above $64,000 in the next few months, the long-term outlook for Bitcoin prices will remain bullish because the price is an important support.

The main change in the on-chain structure in the past 20 days is that the chips in the range of 60,000-64,000 US dollars have been traded in large quantities to the range of 66,000-68,000 US dollars, and nearly 1.55 million BTC have been accumulated. This is above STH-RP, forming a relatively thick "moat".

In other words, if there is no sudden external event that seriously hits the mood, the position of 66,000-68,000 can still hold for a while.

#美联储利率决策即将公布

Is PEPE just a hyped Memecoin?

The PEPE community is building a comprehensive operating system-style platform that allows countless applications to meet the different interests of cryptocurrency and meme culture, in order to realize the vision of building a vibrant and bustling DeFi town square dedicated to cryptocurrency, memes, and meme-related communities.

If you have seen these PEPE-related applications, perhaps your opinion will change. Let's uncover the true face of the PEPE metaverse under the iceberg:

1. Pepe Messenger

Pepe OS integrates an advanced decentralized messaging application designed to support chat rooms and list exclusive projects, communities, and collaborations to promote user growth and engagement.

2. Pepe Paint

To further enhance creativity, interactivity, and fun, Pepe Paint allows users to instantly create and mint NFTs.

3. MyFrens

MyFrens is a nostalgic SocialFi platform where users can create content and connect with others.

4.Kek.Bot

Kek.Bot is a cutting-edge and unique trading terminal designed to simplify the user's trading experience and break through the limitations of traditional DEX exchange interfaces.

5.Kekspace

Kekspace integrates all of the above features and technologies into an all-encompassing 3D virtual experience.

6.Pepe.dj

This is a music streaming gathering space designed specifically for NFT music, where artists can seamlessly share their works with their audience.

PepeCoin is a wave of the past that has returned to the future to turn these dreams into reality. #meme板块关注热点

In the blockchain world, we often hear a very interesting term: the Byzantine problem, also known as the Byzantine Generals Problem in academia, is a distributed peer-to-peer network communication fault tolerance problem proposed by Leslie Lamport in his paper of the same name.

The classic Byzantine Generals Problem is a well-known problem in distributed systems that illustrates the challenge of reaching consensus in a network with faulty or malicious nodes. The problem is as follows: A group of Byzantine generals surrounded a city and must coordinate their attack. The generals can only communicate with each other through messengers, and some messengers may be traitors who send false information to other generals.

In this case, the generals must agree on an attack plan, but they cannot trust the information provided by the messenger. If too many messengers are traitors, the generals may not be able to coordinate their attack effectively and the attack may fail.

This problem is similar to the challenges faced by blockchain networks, where nodes must agree on the current state of the network, but some nodes may be faulty or malicious.

#BTC走势预测

This year's bull market is a bull market for Bitcoin and Ethereum, not a bull market for altcoins. Before discussing the arrival of the altcoin bull market, I think the following four macro news will be helpful to everyone:

1. The debt-to-GDP ratio of the United States is 121%, so money printing is needed to finance old debts because borrowing has exceeded productivity.

2. The Basel Accord will take effect in 2025, requiring global banks to hold more reserves before lending (from 2.5% to 10%).

3. The Bitcoin halving event has already occurred, reducing the supply of the largest digital asset.

4. In this election cycle, every incumbent president since ancient times has increased stimulus to attract votes.

jThe cryptocurrency market "prices" potential future liquidity. The Federal Reserve announced that it may cut interest rates three times in 2024. Although it may be reduced to 1 time at present, it does not rule out the possibility of further interest rate cuts in 2025. This is a sign of more stimulus measures, which means that when the printing press starts, it will push up the prices of various assets, especially crypto assets. #山寨季何时到来？

The Ethereum ETF is about to be approved, and the Bitcoin ETF has been listed just four months after the application was filed, becoming the most successful exchange-traded fund in history, bringing in $50 billion in net inflows to date. But for the leader and certainty, I prefer options with higher investment odds and upside: such as SOL.

Solana is newer, has an earlier adoption cycle, and has a smaller market cap of only $80 billion. Of course, I am talking about this relative to Bitcoin and Ethereum, ETH's market cap is $450 billion and Bitcoin's market cap is $1.3 trillion. Anyway, Solana's price performance this year has far exceeded the previous two. This year, SOL is up 92% (up 600% from the low), while ETH is up 64% and BTC is up 63%.

How popular is Solana?

Considering its high speed, low fees, and the fact that most of the 1,300 meme coins listed are built on Solana, it is no surprise that Solana leads the vote with 49.29% of the top 20 blockchain ecosystems (out of 58) ranked by investor interest.

Although ETH is still thriving, the gorgeous robe is already full of lice, and a set of data can support this view:

Solana's 24-hour trading volume reached $1.262 billion, exceeding Ethereum's $1.167 billion.

During the same period, Solana's 7-day NFT sales reached $99.3 million, exceeding Ethereum's $82.4 million.

Solana's daily active addresses reached 723,000, exceeding Ethereum's 374,000.

Solana also recorded 25.9 million transactions per day, while Ethereum's transaction volume was much lower, only 1.15 million.

I know most people are bullish on BTC and ETH investments, but SOL will outperform them in this cycle because it is gaining new mass network adoption. In fact, it is not right or wrong in nature. People will rush to buy these assets, but as the famous investment guru Raoul Pal said, "Remember, don't use leverage, don't FOMO, just buy the top three assets."

After Bitcoin ETF and ETH ETF, will the next ETF be the upstart SOL?

In an April report, CoinShares, an alternative asset management company specializing in digital assets, found that hedge funds and wealth management companies have significantly increased their holdings of altcoins, especially Solana.




The upcoming US election on November 5, 2024 may be crucial to the future of altcoin ETFs, and US cryptocurrency regulation will become a political topic. Donald Trump introduced himself as a pro-cryptocurrency candidate in response to President Joe Biden's anti-cryptocurrency stance on US cryptocurrency regulation.
The result may fundamentally change the direction of altcoin ETFs.
#山寨季何时到来？

According to the user holdings data on its platform, institutional investors' holdings in spot meme coins increased from US$62.5 million to US$204.8 million from February to March this year, and further peaked in April, with a total holding of US$293.7 million, an increase of more than 300%.
However, as institutional investors chose to take profits in May, institutional investors' holdings in meme coins have now dropped to US$125 million.
Among all the meme coins on the market, institutional investors still like Dogecoin (DOGE), Shiba Inu Coin (SHIB), PEPE Coin and the new upstart BONK on Solana:
Perhaps because of its higher liquidity and stability, Dogecoin's holdings account for the largest share, with institutional investors' funds allocated to it reaching 36%; at the same time, they also allocated 22.23% and 10.39% to PEPE and SHIB; and among the new meme coins that emerged this year, BONK is the most favored by institutional investors, attracting a total of more than US$75 million in funds.
#山寨季何时到来？

《Web3 Newbies Must-Read Crypto Terms (Newbie Edition)》

Ordinary people may not necessarily "All In Web3", but it is still necessary to learn about Web3. Let's learn about professional terms together:

1. Cryptocurrency

Digital assets are the medium of exchange of blockchain technology, and their transactions and records are verified and maintained by a decentralized network using cryptography.

2. Cryptocurrency

Cryptocurrencies are native assets of blockchains, such as Bitcoin has BTC and Ethereum has ETH.

3. Stable Coin

It is a crypto asset designed to provide stable prices. The function of stablecoins can be linked to another stable asset. For example, the US dollar, then the price of a stablecoin is $1.

4. Shitcoin

Shitcoin refers to crypto assets that have no value. It usually refers to altcoins, and its depreciation reflects that investors are not interested in it.

5. Crypto Tokens

Crypto Tokens are built on applications based on existing blockchains, and many tokens can be created on existing blockchain technology. You can find different kinds of tokens in apps or games, which can be exchanged for a certain amount of coins.

6. Airdrops

This is a marketing strategy for new projects, where free tokens are given to community users for completing a small task, such as forwarding a company's post.

7. Fungible Token

It is a token with fungible properties, because it is not unique, a fungible token can also be a crypto asset.

8. Block

Data is stored and encrypted within the blockchain block.

9. Genesis Block

On January 3, 2009, the Genesis Block was the first recorded block on its blockchain, such as Bitcoin, and received a reward of 50 BTC.

10. Blockchain

An immutable digital ledger that tracks, records, and maintains transactions in a peer-to-peer network.

11. Bitcoin

A decentralized crypto asset that does not rely on any central bank, but is based on a consensus mechanism called Proof of Work (PoW) and runs on blockchain technology.

12. Altcoins

It is the abbreviation of alternative coins, referring to all crypto assets other than Bitcoin.
#山寨季何时到来？

An An has reached a new all-time high, let's congratulate it together!

As BNB hit a new high, its market value officially broke through $100 billion, reaching $104 billion, firmly ranking the fourth largest cryptocurrency by market value, and even surpassing SOL's $79.3 billion market value, and approaching USDT's $112 billion market value.

At present, BNB's market value is close to Sony, one of the world's largest electronics manufacturers (market value $105.03B), and has surpassed Air Liquide, one of the world's largest industrial gas suppliers, and EssilorLuxottica, the world's leading manufacturer of glasses and eyeglass lenses (market value $103.76B and $103.23B, respectively), making BNB the world's 163rd largest asset.

On the other hand, Binance's market influence still dominates. Its spot trading market share reached 44.17% in May, far ahead of Bybit and OKX's 9.64% and 6.95%. I can only say that BNB is awesome! #bnb历史新高

Notcoin is rising again. Can it replicate the myth of Shib this time?

Notcoin’s price has risen by more than 323% in the past week, reaching an all-time high of $0.02896 on June 2.

In less than two months, Notcoin, a play-and-earn game integrated into the Telegram Mini App, has attracted more than 30 million users on Telegram, a staggering number.

Just two weeks after its launch, Notcoin became the second most mentioned cryptocurrency in 12 hours:

“Notcoin is the second most mentioned coin in the 12-hour timeframe. One of the most mentioned coins in the daily timeframe… 45% of weekly mentions occurred in the past 24 hours, and 81% of daily mentions occurred in the past 12 hours”

The growing social sentiment around Notcoin has also attracted more large investors or whales to the Telegram ecosystem! The growing social sentiment around Notcoin has also attracted more large investors or whales to the Telegram ecosystem!

#NOT涨势分析

Although the GameFi sector has not yet gotten rid of Ponzi, it does not prevent many game projects from coming out, and the GameFi game public chain is an underestimated infrastructure.

At present, $RON is the most underestimated game public chain. Pixel's mc is 380 million, fdv is 2.5 billion, axs's mc is 1.2 billion, fdv is 2.2 billion, Ron's mc is 1.03 billion, fdv is 3.1 billion,
At the same time, there are many games deployed on RON that are about to be launched. There are several reasons why RON is deeply loved by GameFi project parties:

1. Backed by the support of Axie Infinity, the originator of chain games, Ronin has a large user base: As a pioneer in the field of blockchain games, Ronin's biggest competitive advantage lies in the well-known chain game Axie Infinity behind it, which currently has millions of active players, which provides Ronin with a very solid user base.

2. After the recent cooperation to introduce Pixels to Ronin, the number of daily active users has exceeded 100,000, which once again proves Ronin's ability to convert huge traffic. The large ecological scale, technical advantages, and rich management experience will attract more games to choose Ronin, while bringing players a smooth experience.

3. From the comparison of Ronin's valuation with other game public chains, Ronin is obviously undervalued:

Immutable X (IMX): The current circulating market value is about 1.5 billion US dollars.

WAX: WAX is a blockchain for assets such as digital collectibles. The current circulating market value is about 230 million US dollars.

Ronin: Ronin's current circulating market value is about 217 million US dollars, which is lower than IMX and WAX.

4.

Ronin is designed and supervised by Sky Mavis, a blockchain game studio based in Vietnam, co-founded by Trung Nguyen and Jeffrey Zirlin in 2018. Sky Mavis itself has successfully created and operated the well-known blockchain game Axie Infinity, and has rich experience in blockchain and game development. The Ronin project is an application scenario chain specially designed by Sky Mavis based on the Axie ecosystem.

On November 8, 2019, Sky Mavis announced that the company had raised $1.465 million in a new round of financing, led by Animoca Brands, with participation from Hashed, Pangea Blockchain Fund, ConsenSys, and 500 Startups.

On October 5, 2021, Sky Mavis completed a Series B financing of approximately $150 million at a valuation of nearly $3 billion, led by a16z and participated by Paradigm.

On April 6, 2022, Sky Mavis completed a $150 million financing, led by Binance, with participation from Animoca Brands, a16z, Dialectic, Paradigm, and Accel. The new financing will be used to compensate users affected by the Ronin attack. But according to subsequent reports, Sky Mavis only raised $11 million in this round of financing, which reduced the company's valuation from $3 billion to $1.95 billion, according to data from VentureCap Insights, which tracks regulatory filings in Singapore. Nevertheless, after experiencing the SOL myth of rebirth from the ashes, we have reason to think that Ron can also stage a good show of returning to the king in the GameFi field.


#链游板块普涨

As the launch of the Ethereum spot ETF approaches, many institutions and whales are also buying and hoarding ETH. Since the SEC approved the 19b-4 application for the Ethereum spot ETF on May 23, the Ethereum reserves of centralized exchanges have decreased by 797,000 tokens, worth about $3.02 billion, from May 23 to June 2. The reduction in exchange reserves means that the number of tokens available for sale has decreased.

The proportion of ETH circulating supply held by centralized exchanges has dropped to the lowest level in many years, currently only 10.6%, which means that as the supply of ETH available for sale shrinks, the price of ETH is expected to rise sharply.

#现货以太坊ETF获美SEC批准