Overview

The cryptocurrency market is active today, especially in the Bitcoin ecosystem, where many important events and developments have occurred. From Babylon Labs opening up a large number of Bitcoin pledges to the airdrop activities of multiple projects such as Corn and Floki, the market has shown a strong desire for funds for ecological construction. At the same time, the launch of new projects and the development of staking platforms have brought new vitality and investment opportunities to the market.

Daily Macro

Bitcoin Situation: The Bitcoin market is stable and fluctuating, showing the market’s robustness.

ETF Situation: Bitcoin ETF had a net inflow of 1060.21 BTC yesterday, and Ethereum ETF had a net outflow of 304.3 ETH yesterday.

Macroeconomic Data Macroeconomic data such as US stocks, CPI and unemployment rate have an indirect impact on the cryptocurrency market, but the market is more concerned about the development of the internal ecology.

Daily Focus

Bitcoin Infrastructure:Reason for Focus: The infrastructure construction of the Bitcoin ecosystem has attracted a large amount of funds and attention, showing the market's long-term confidence in this field.

Rise of tokens in related sectors:

- $STX: up 2.42% in 24 hours. With the Nakamoto Upgrade, mainnet performance will be greatly improved.

- $BB: rose 1.52% in 24 hours, the project token has been listed on the top exchanges, and the project fundamentals are solid.

Market Outlook: Bitcoin infrastructure is expected to continue to be the focus of the market, providing investors with long-term growth potential.

Airdrops:

Reason for Focus: New project launches and airdrop activities bring new investment opportunities and user participation to the market.

Rise of tokens in related sectors:

- $SIMONCAT: rose 1201.93% in 24 hours. The market value of the token increased rapidly after the token was launched, showing the market’s enthusiasm for new projects.

Market Outlook: New projects and airdrops may continue to attract market attention, but investors should also pay attention to the long-term potential and risks of projects.

Next Focus

Magic Eden

Potential Reason:

The issuance of $ME tokens will become the focus of market attention. Magic Eden raised US$130 million in its last round of financing at a valuation of US$1.6 billion.

Related assets:

$ME may drive the rise of NFT-related tokens.

How to participate:

Investors can apply for $ME tokens through the Magic Eden wallet and follow relevant announcements and exchange updates.

CoinEx Daily: Bitcoin ecological prosperity: staking, airdrops and new project launches