Author: Hotcoin Research

Cryptocurrency Market Performance

Currently, the total market value of cryptocurrencies is 3.34 trillion US dollars, of which BTC accounts for 61.55%, or 2.06 trillion US dollars.Stablecoin market cap is $251.7 billion, the increase in the last 7 days was 0.33%, of which USDT accounted for 62.23%.

This week, the price of BTC fluctuated in a range, and the current price is $106,000; ETH fluctuated in a range, and the current price is $2,555.

CoinMarketCapAmong the top 200 projects, a few rose and most fell, including: AERO 7-day increase of 40.29%, KAIA 7-day increase of 27.7%, T 7-day increase of 24.32%, PNUT 7-day increase of 11.06%.

This week, the net inflow of US Bitcoin spot ETF was US$1.0454 billion; the net inflow of US Ethereum spot ETF was US$40.3 million.

The Fear & Greed Index on June 20 was 48 (lower than last week), and the sentiment this week was: 7-day neutral.

Market Forecast:

This week, stablecoins continued to increase in issuance, and the US Bitcoin spot ETF saw a large net inflow, and the Ethereum spot ETF saw a net inflow. Both BTC and ETH remained range-bound. The RSI index was 40.86, showing a neutral trend. The US June interest rate decision was announced this week, which was in line with market expectations, so the price did not fluctuate significantly. The Fear and Greed Index remained neutral.

Although institutions and listed companies continue to buy BTC, there is still hidden selling pressure in the market, and community sentiment has not been mobilized, so in the short term, the rise is weak. It is expected that the price range of BTC next week will be $100,000-$105,000. At this stage, it is recommended to buy small amounts on dips. In June and July, if there is no major macro policy impact, the market will maintain range fluctuations until the US Stablecoin Act is officially enacted in August or the Federal Reserve cuts interest rates, and the market will have a big increase. "Trading garbage time",Pay attention to some new currency opportunitiesHotcoin has many on-chain wealth codes, which are worth paying attention to.

Understand now

Review of the week's major events

1. On June 15, Michael Saylor released Bitcoin Tracker-related information on the X platform again, "The bigger the orange dot, the better." Usually, he will disclose Strategy's Bitcoin holdings data the day after releasing Bitcoin Tracker information;

2. On June 16, Tron will go public through a reverse merger with Nasdaq-listed SRM Entertainment. The transaction is managed by Dominari Securities, a boutique investment bank headquartered in New York and associated with Donald Trump Jr. and Eric Trump.

3. On Tuesday, June 18, local time, the U.S. Senate passed the landmark cryptocurrency legislation, the GENIUS Act, aimed at promoting the growth of the industry. This is a historic lobbying victory for digital asset companies in the Senate's first vote on comprehensive regulatory reforms for cryptocurrencies.

The U.S. Senate passed the bill by a vote of 68 to 30, with 18 Democrats joining a majority of Republicans in supporting its submission to the House of Representatives for consideration.

The bill, led by Republican Senator Bill Hagerty of Tennessee, would for the first time establish a U.S. regulatory framework for stablecoins pegged to the value of the dollar;

4. On June 18, JPMorgan Chase & Co. will launch a token pilot called JPMD, which represents the U.S. dollar deposits of the world's largest bank, indicating that financial institutions are further developing the digital asset field.BlockchainPilot issuance of deposit token JPMD;

5. On June 18, the VanEck Solana spot ETF was listed on the DTCC official website with the code VSOL and the creation/redemption column showing D.

Although this move does not mean that the ETF has received any regulatory approval or any clear approval process results, it is listed on the DTCC website as the "standard process" for launching a new ETF;

6. 6 月 17 日，Coinbase 正寻求美国证券交易委员会批准基于Blockchain提供股票交易服务；

7. On June 19, Linda Yaccarino, CEO of social media platform "X", said that users will soon be able to invest or trade on the platform. X is also exploring the introduction of credit or debit cards;

8. On June 20, London-based digital banking giant Revolut is actively exploring its own stablecoin issuance plan. Revolut serves 55 million individual users and 500,000 corporate customers in 160 countries around the world. Its recent valuation has reached US$48 billion. It launched the EU crypto trading platform Revolut X in 2024. Two sources confirmed that Revolut has started cooperation negotiations with at least one native crypto company on the stablecoin plan;

9. On June 20, Plasma is preparing to launch its mainnet in "late summer", a blockchain optimized for stablecoins;

10. On June 19, according to an analysis of the details of the official World Liberty website, in the past 11 days, a company owned by Donald Trump has reduced its stake in the crypto project World Liberty Financial from 60% to 40%;

11. On June 19, more than 16 billion login credentials from major online service providers such as Apple, Google and Facebook were leaked. This massive data leak may have serious consequences for cryptocurrency holders. Login credentials are usernames and passwords (or other authentication information).

Macroeconomics

1. On June 19, the Federal Reserve kept the benchmark interest rate unchanged at 4.25%-4.50%, the fourth consecutive meeting, in line with market expectations;

2. On June 19, the Fed's dot plot showed that the Fed still expects a 50 basis point rate cut in 2025, but only a 25 basis point rate cut in 2026, compared with the previous forecast of a 50 basis point rate cut. It is expected that the rate will be cut by 25 basis points in 2026 and 2027;

3. On June 19, the Bank of England kept its policy rate unchanged at 4.25%, in line with market expectations, and the interest rate remained at a high level in more than two years;

4. On June 18, crypto asset management company 3iQ launched 3iQ XRP ETF (XRPQ) on the Toronto Stock Exchange in Canada. 3iQ XRP ETF will be launched with a management fee of 0% in the first six months and can be invested through a registered account in Canada. Its listing on TSX enables qualified investors around the world to invest, subject to local regulations;

5. On June 17, Canadian listed company LQWD Technologies Corp. announced that it had increased its holdings of 5 bitcoins, bringing its total bitcoin holdings to approximately 166.

ETF

According to statistics, between June 16 and June 20,US Bitcoin Spot ETF Net FlowsInflow: $1.0454 billion; As of June 20, GBTC (Grayscale) has a total outflow of $23.197 billion, currently holding $19.126 billion, and IBIT (BlackRock) currently holds $70.27 billion. The total market value of the US Bitcoin spot ETF is $128.573 billion.

US Ethereum Spot ETF Net FlowRevenue: $40.3 million.

Predicting the future

Upcoming Events

1. NFT NYC 2026 will be held in New York, USA from June 23 to 25, 2025;

2. Permissionless IV will be held in New York, USA from June 24 to 26, 2025;

3. EthCC 8 will be held in Cannes, France from June 30 to July 3, 2025;

4. IVS2025 KYOTO will be held in Kyoto, Japan from July 2 to 4, 2025.

Project Progress

1. Chiliz’s Web3 sports app and wallet Socios.com announced that it will work with esports club Ninjas in Pyjamas (NIP) to launch the DOJO fan token. The token issuance (FTO) will take place on June 24, 2025, and will provide rewards to its fans through NIP’s loyalty platform The Dojo;

2. The Cygnus stablecoin wcgUSD income pool on Pendle expires on June 26;

3. Spanish coffee chain Vanadi Coffee SA will request authorization to implement a Bitcoin reserve strategy at the board meeting on June 29, planning to invest more than $1.1 billion in Bitcoin and obtain financing authority. The company has already completed its first purchase, purchasing 5 BTC for $500,000.

Important Events

1. Lee Chang-yong, governor of the Bank of Korea (BOK), will meet with commercial bank presidents at the Bank Hall in Jung-gu, Seoul on the 23rd of this month to discuss the issuance of stablecoins based on the Korean won;

2. At 22:00 on June 24, Federal Reserve Chairman Powell will deliver testimony on the semi-annual monetary policy report to the House Financial Services Committee;

3. At 20:30 on June 26, the United States announced the number of initial unemployment claims for the week ending June 21 (10,000);

4. At 20:30 on June 27, the United States announced the annual rate of the core PCE price index in May.

Token unlock

1. Eigenlayer (EIGEN) will unlock 1.29 million tokens on June 25, worth approximately $1.43 million, accounting for 0.42% in circulation;

2. IOTA (IOTA) will unlock 15.1 million tokens on June 25, worth approximately $2.42 million, accounting for 0.39% in circulation;

3. Venom (VENOM) will unlock 59.13 million tokens on June 25, worth approximately $9.58 million, accounting for 2.84% in circulation;

4. Moca Network (MOCA) will unlock 2.43 million tokens on June 27, worth approximately $173,000, accounting for 0.08% of the circulation.

The article comes from the Internet:The Federal Reserve kept interest rates unchanged in June, and the market fluctuated in a narrow range | Hotcoin Research Market Insights