Da Meng Briefing

Bitcoin ($BTC)

- $BTC has fallen below $56,000, and it is unclear whether it will continue to fall below $53,500. The short-term trend may depend on the overall market sentiment and external economic factors.

Ethereum ($ETH)

- $ETH has performed weakly, and there is speculation in the market that it may launch an Ethereum spot ETF in the week of July 15. If this news is confirmed, it may have a certain boost to the price of Ethereum.

SATS

- The news of UniSat's product update once caused SATS to rise by more than 18% in a short period of time, but it has now fallen back. The news that UniSat uses $SATS as GAS may have a long-term impact on its price, and its application progress needs to be continued.

Altcoin Market

- ​​Mechanism Capital co-founder said that more than 98% of altcoins have peaked in this cycle. Investors need to operate cautiously and avoid chasing high prices.

$LINK

- Recently, 90 new wallets withdrew about 6.72 million LINK from Binance, worth about $86.7 million. Although $LINK holders have been quiet in recent months, this move could signal potential market changes.

$DEGEN

- $DEGEN will launch Airdrop 2 Season 6 on July 11. Although the current price has fallen by more than 90% from its peak, the airdrop activity may bring some short-term trading opportunities.

Battle with the SEC

- Messari CEO said that it will no longer engage with the SEC and plans to launch a legal battle against it. The SEC's regulatory trends have always been the focus of the crypto market and may have a greater impact on the market.

OSL

- OSL plans to launch staking services and tokenized fund products, and these new products may attract more investors to the market.

Solana (SOL)

- Solana's network fees and revenue in Q2 increased by more than 42 times year-on-year, and TVL increased by 10 times year-on-year, showing strong growth momentum in its ecosystem.

Decentralized Exchange (DEX)

- Data shows that DEX spot trading volume fell 14% month-on-month in June, and has fallen for three consecutive months. This may reflect a decline in market trading activity.