Overview

Today’s cryptocurrency market is showing diversified development. Both miners and the German government are continuing to sell BTC. Trump will give a speech at the 2024 Bitcoin Conference. Bloomberg ETF analysts predict that the US SEC may approve it on July 18. Spot Ethereum ETF. Follow up on the GameFi project, as multiple projects release new products or ecological progress.

Daily Macro

Bitcoin Market Into The Block data shows that BTC miner reserves have decreased by approximately 20,000 BTC since June. The German government continues to sell its BTC holdings, reducing them from 50,000 BTC to 13.1K BTC, currently worth $755 million. These factors could put short-term pressure on BTC prices.

Macroeconomic Data The Nasdaq hit record highs for seven consecutive days, indicating positive overall market sentiment. Federal Reserve Chairman Jerome Powell said that inflation does not need to fall below 2% before cutting interest rates, hinting at possible easing policy. Trump will give a speech at the 2024 Bitcoin Conference, which may increase the political attention of cryptocurrencies.

Daily Focus

Ethereum ETF and Ethereum ecosystem projects

Reason for Focus: Bloomberg ETF analysts predict that the U.S. SEC may approve a spot Ethereum ETF on July 18. At the same time, multiple Ethereum ecological projects such as Uniswap, Manta, etc. have made significant progress.

Performance of Related Tokens:

$ETH: ETF approval expectations could drive price higher
$RPL $LDO: Price rises despite being classified as a security by SEC
$GLM: Golem launches 40,000 ETH ecosystem fund
$MANTA: Launching MEME Season and collaborating with BONK

Market Outlook: The potential approval of an Ethereum ETF may drive up the price of ETH and may lead to a recovery of the entire Ethereum ecosystem. Investors should pay attention to the potential impact of these developments on the market.

Next Focus

GameFi Project

Reason for Focus: Multiple projects have released new products or ecological progress, such as Treasure DAO releasing token incentive proposals, Matr1x announcing the $MAX token economic model, and Movaverse incorporating TGE and airdrops.

Related Assets:

$MAGIC - Treasure DAO announced its intention to acquire Ryu Technologies for $400,000 in MAGIC tokens.
$RON - Online role-playing game Runiverse will be migrating to Ronin ahead of its launch from Epic Games later this year.
$MAX - MATR1X announces $MAX token economics and will airdrop 94 million $MAX to NFT holders.

How to Participate: Participate in game play and complete corresponding official tasks to obtain airdrops.

CoinEx Daily: Both Miners and the Germany Government are Constantly Selling BTC