The crypto market saw significant volatility today. After a period of fluctuations, $BTC returned to previous levels, while Trump reiterated his support for Bitcoin, injecting a sense of optimism into the market. On the other hand, $ETH has underperformed, lagging behind Bitcoin by 44% as it marks its two-year anniversary of transitioning to PoS. The overall Ethereum ecosystem remains weak. $SOL has shown some stability, though it hasn't seen any major positive developments yet, with many investors anticipating a rally at the upcoming Breakpoint event. Meanwhile, Hunter Biden’s guilty plea and weak U.S. employment data suggest that macroeconomic policies may become more accommodative, which could affect market trends.

Daily Macro:

Bitcoin Market Performance:

Bitcoin is holding steady around $56,000, fluctuating within a narrow range. Trump's public endorsement of Bitcoin and his promise to offer Elon Musk a job if re-elected have sparked market interest. While short-term volatility remains, long-term market confidence is being bolstered.

Macroeconomic Data:

U.S. employment growth has hit its lowest point since 2021, leading to market expectations of a rate cut this month.

ETF Performance:

Yesterday, Bitcoin ETFs saw a net outflow of $210 million, while ETH ETFs experienced a $2 million net outflow.

Daily Focus:

TON Ecosystem

Reason for Focus:

Telegram founder Pavel Durov was arrested in France and later issued a statement via Telegram, refuting claims that the platform is an "anarchist haven." He emphasized that Telegram is actively working to combat harmful content and is prioritizing transparency and regulatory compliance. Telegram's user base has surged to 950 million, and Durov committed to significantly improving the platform's governance. This move is expected to have a major impact on the future of the TON ecosystem, particularly in enhancing platform security and user trust.

Related Token Performance: $TON saw a price increase of over 5% in the last 24 hours, spurred by the recent news.

Outlook:

With Telegram strengthening its governance and deeper integration of the TON ecosystem, the long-term prospects for $TON are broadly positive. Future transparency measures and regulatory compliance improvements are expected to further boost TON’s mainstream adoption and drive its price upward.

Next Focus:

Solana Breakpoint Conference

Reason for Focus:

The Solana ecosystem is gearing up for the upcoming Breakpoint Conference. Historically, Solana has made major announcements and technical updates during this event, often driving significant interest in $SOL and related ecosystem projects. This year, investors are eagerly anticipating new partnerships and product launches, which could trigger a broader recovery across the Solana ecosystem.

Related Assets:

$SOL and Solana ecosystem-related tokens.

How to Participate:

Users should monitor announcements and new project launches during the conference and consider early positioning in relevant ecosystem tokens. Keep an eye on project-related activities such as airdrops and community incentives, as participation in these initiatives could yield rewards.

CoinEx Daily: Bitcoin Continues to Fluctuate, Telegram Announces Compliance Overhaul