June 7 news update:

Market trend:

According to the latest on-chain data analysis, the selling pressure of BTC and ETH is relatively light, and the ETF market shows signs of recovery, indicating that the market may usher in a new round of upward momentum in the next two days. At the same time, the European Central Bank recently implemented its first interest rate cut in five years, and this policy adjustment may have a positive impact on the cryptocurrency market.

Market hot spots:

1. The cross-chain bridge W project rose as soon as the market opened today, and the pledge function has been officially opened. This move indicates that the project party may give back to the community by airdropping tokens in the future, which has attracted widespread attention from the market.

2. Small projects on the SOL and BASE chains (commonly known as "local dogs") have been active recently. In particular, the project called Mother has risen an astonishing 3,000 times in a week, which is reportedly related to the release of the famous female singer Iggy. In addition, Brett, the largest meme project on the BASE chain, has also achieved a sharp increase.

3. The HIGH project has performed strongly recently. As a metaverse project, it recently announced a cooperation with one of the top 50 global catering brands. This news undoubtedly adds more development potential and market attention to the project.

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