6.22 Lab Daily:

The whole network is discussing why BTC has not moved, and the altcoins have been dragging down.

I think the reason is the lack of liquidity. Too many MEMEs and new projects have diverted liquidity.

As a result, no one buys the old altcoins, which is a vicious cycle. (Pulling the market may solve it)

There are too many new VC coins, but if the exchange does not follow the new coins, other exchanges will follow, and DEX will also follow.

In fact, there is no new narrative, it is still a pure PVP game.

1. BTC has returned to 64,000, ETH is still around 3,500, and some altcoins have stopped falling, such as UNI, LDO, LINK, etc.

2. $ETH Due to the stimulus of ETF, the entire#Ethereumis still the strongest sector;

Fidelity submitted its S-1 revised registration statement for Ethereum spot ETF;

3. The SEC closed the book on the Ethereum 2.0 investigation, but legal issues still exist;

4. Pantera Capital is raising funds for the second TON token investment fund;

5. He Yi: Binance's listing strategy does not affect the flow of funds, and some VCs are indeed the core reason for the inflated prices;

6. Ronin announced that it will launch the L2 network Ronin zkEVM based on Polygon CDK;

7. BitMEX founder Arthur Hayes increased his holdings of PENDLE, and the overall floating profit is currently 100%;

8. Arkham added a new Purpose Investment tag address, holding more than $150 million in ETH;