According to Reuters, sources revealed that as negotiations between asset management companies and regulators enter the final stage, the U.S. Securities and Exchange Commission (SEC) may approve the Ethereum spot ETF as early as July 4. The process of revising the issuance documents has made progress and resolved some "minor" problems.

According to Foresight News, Gary Gensler, chairman of the U.S. SEC, said that the process of launching the Ethereum spot ETF is progressing smoothly, but the specific timetable is unknown.

Pay attention to the origin and meaning of runes, the meaning of rune names in Western culture, and then go to Twitter to see if there are many related content in the English area, and whether foreign friends like this concept.

Don't watch kols talking nonsense, sometimes defending and sometimes not fighting~~

Lista18.00 is listed on Binance, and the current OTC price is around 0.6u!!

Rune: CLEVER•BOBO•CAT
848669:250
Quantity: 5w, more suitable for fighting, there are too many 10w recently, and I am tired

Hot Runes
🔥🔥

😼
CAT•WIF•NINE•LIVES
Minted: 28.43%
Pending orders: >12,000
Bulechip Holders: 14
Team: @catwifninelives

Another Cat Runes

WIGGLE•WIGGLE, total amount 10,000, original cover image, the deployer through wallet tracking is @itchatoshi, he once issued Bitcoin Worms small images but there was no transaction volume, but considering that he is an artist and his previous projects can be DIY through website scripts, he may have certain potential.

The market is quiet, is Rune dead💀?

According to market research, since the end of April, Rune has often accounted for more than 50% of BTC transactions, occupying a very important share:

In less than two months, the Rune protocol has generated more than 2,500 BTC in transaction fees😱
According to the current market price of BTC, it has exceeded 160 million US dollars, creating countless opportunities for miners, markets, investors, etc.

The number of Rune users is also steadily increasing📈
As of now, the cumulative number of user interactions has exceeded 6 million times, of which more than 2.7 million are first-time Rune interactions.

BEE∙SEES∙ONE∙PEA

好像是他创业的
@cryptoferd13

官推：@bee_see_one_pea

Today's Rune#RUNEdata:
2024.6.18:

Has today's 618 promotion discounted everyone's positions?
The market fell one or two points, and the copycat market was in a bloodbath. The Rune sector also started a promotion.
It should rebound here, right?

1. $DOG has a trading volume of 1.2M, holders -9, and a market value of 602M. It is the first time in half a month that there has been a net outflow of addresses.

2. $LOBO has a trading volume of 45K, holders -210, and a market value of 40M.

$DOG on-chain data:
1. Number of holding addresses grouped by TOPX:
TOP10: decreased to 7.38%
TOP11-20: slightly decreased to 2.38%
TOP21-50: slightly increased to 3.86%
TOP51-100: significantly increased to 3.74%

Today, the total holding of TOP100 is 17.36%, and yesterday it was 17.31%
TOP11-100 The total holding is 9.98%, and yesterday it was 9.89%

2. The number of holding addresses corresponding to the number of#RUNESTONEairdrops:
1RS:-135
2RS:-10
3RS:+2

From the trend of the number of addresses, there are not a few who choose to leave this wave of decline. The big players at the front chose to increase their positions.

Personally, I think there is a rebound here, but those who have too heavy positions are advised to manage their positions and adjust their mentality. Most people here are just taking profits. If they make a wrong judgment, it will be troublesome to hold too heavy positions. It is best to have a two-pronged approach here. Of course, this is not investment advice.

Whale alert! Is Justin Sun making trouble again?

Just now, an address with 2 billion U recharged 157 million USDT to Binance. Is this a whale buying the bottom?

Such a large amount of money, and it is on the Tron chain, it is hard not to think of Justin Sun. Of course, this whale address has not yet been assigned, and it may also be Binance's cold wallet.

But with so many U entering the exchange, it is likely to start buying the bottom. In addition, Tether issued 1 billion U a few days ago. It seems that the whale is opening the 618 carnival and picking up the bloody chips of retail investors.

Then the question is, are you picking up the chips in front of the screen, or are you being picked up?

Whale Movements
1. 95 million DOGE transferred from unknown wallet to Robinhood, equivalent to $12.9 million
2. Justin Sun applied for 3.42 million ETHFI airdrops again and deposited them in Binance
A newly created wallet bought 14.43 million TRU from Binance 2 hours ago and pledged it in TrueFi
3. A whale ended leveraged long selling 76.6 WBTC and 2,265 ETH, making a profit of $6.98 million
4. A whale/institution bought 5.78 million CRV from Binance, equivalent to $1.9 million
5. A whale covered his position again with 104.6 billion PEPE, and his position increased to 353.4 billion, but he was still in a floating loss state
6. The number of wallets holding at least 10 bitcoins is the same as 2 years ago
A whale deposited 427,600 UNI to Binance 4 hours ago, equivalent to $4.74 million
7. LayerZero's latest version of the Sybil temporary list adds 20,500 addresses and removes more than 178,000 addresses
8. Coinbase exchange currently holds about 270,000 bitcoins
9. Justin Sun transferred 6.224 million CRV to Binance, equivalent to about 2.07 million US dollars
10. Grayscale transferred 422.6 BTC to the Coinbase Prime address
An airdrop hunter deposited 2.71 million ZK into Binance and sold 300,000 ZK

What has just come will always come, and now I feel a sense of relief.

Dogcoin was crazy before, People reached 0.14, Ondo 1.5, I kept asking myself, will there really be a halving to give me a chance to get on board? Is the Elliott wave model, which has been passed down for nearly a hundred years, still applicable in modern times?

It turns out that it is indeed applicable. This big C wave came fiercely and almost sent me away. But fortunately, we were prepared a month in advance. We talked about a month of big 5 waves rising and then ABC callbacks, and now the doomsday C is finally here.

I didn’t buy at the bottom, because I am also Fomo like everyone else. I started to build positions when the A wave fell, and then we kept waiting for the C wave. I also posted yesterday to see the C wave callback, and then it really came today. We are already very good, buying at a relatively low level.

I have all the remaining positions of Pepe, Ondo, Floki, WIF, IO, please do as you please.

But is this definitely the bottom? Not necessarily, but I think the price is right, so I bought it. Floating loss is floating loss. Spot/2x is not afraid of fluctuations. If you open 10x, then you should have a small position, 5% per order, which is actually equivalent to 0.5x. Maybe it will fall a little later. You can laugh at the blogger of Yongzhuan who finally started to lose money, but that is all floating loss. You can see in a few months. It is still uncertain whether it is a donkey or a horse. Let time decide.

Conclusion: Don't waste it.

Last night's unreasonable decline was mainly due to the influx of more than 1,300 BTC into Binance at 5 p.m. to crash the market.

During this period, the BTC in Binance has been increasing slowly, while the increase in Coinbase is not much, and there is a slight outflow.

Binance represents traditional cryptocurrency funds, and Coinbase represents Western institutional funds.

So during this period, institutional funds have not actually withdrawn and are still deploying BTC, but traditional cryptocurrency funds are more desperate and have sold a lot of BTC.

From the perspective of ETH reserves, a lot of outflows have been made from exchanges. Since the end of May, capital has been absorbing ETH, and ETH has been flowing out of exchanges in large quantities.

The core reason for the decline is still the concern that the data released tomorrow night will be negative. During this period, we should not be washed away by dog ​​dealers.

Be patient with the spot, and most of the funds will be used to deploy some ETH and its sector tokens. The closer to the ETF approval time, the more ETH and its sector will definitely rise!

Of course, don't be careless and open high-multiple contracts. Investment is risky.

We are investing, not gambling.

The rune BILLION•DOLLAR•CAT has broken through another new high today, up +32%. Its 24-hour trading volume exceeded $DOG by 130wu, and its market value is $51.72 million.

People exploded, Ondo is also not good, will these two coins be finished?

Don't panic! Now is actually the last drop, the C wave drop!
Previously, we entered the market with Ondo 1.2 and People 0.1 to do the B wave rebound. Ondo rebounded to 1.4 and People reached 0.14, but I said that it is not over yet. The normal model will have a final C wave decline, and now it has come!

Ondo is expected to be around 1.05, and People is 0.085 or 0.09. This is likely to be the final retracement position.

The current C wave retracement is actually very healthy. After all, Ondo has doubled from 0.7, and People has also risen several times, so it is very normal for the ABC wave to retrace 30-40%. We analyzed their Elliott model last month.

Then don't think that it will fly immediately after buying the bottom. It should consolidate for a few weeks to absorb funds, and then these coins will double again in the next wave of rise. It is good to buy the bottom spot, with a maximum leverage of 2 times, and buy when no one cares.

ZK opened, 0.24 is okay, you can buy a little.
I placed an order at 0.22 to see if it can be traded.
Let's see if you can take profit at around 0.3.
The opening price is quite low, probably affected by the overall environment. Buy a little around 0.24 to see, don't hold a large position.

Binance is about to launch the superstar project ZK. How much can I buy it at?

Considering that ZK is a superstar L2, because it is too famous, I am a little worried that too many retail investors will buy it. It will fly to 7u like STRK, then fall to 2u, and then to 1u.

I think the profit margin of this coin is very small when it is higher than 50 cents. The normal price should be more than 50 cents, but if you want to make a profit, you still have to buy it at 40 cents to be profitable.

If it starts too high, don't chase it. Look at STRK. It opened at 7u. I told everyone not to buy it. I didn't buy it at 5u either. Finally, it fell to 2u, and then to the reasonable price of 1u I mentioned.

The market is not good now. I would rather make less money than do risky transactions. Unless it breaks the issue price at the beginning, then I will buy some. Let's see when it opens.