CoinEx Daily: Crypto Market Recovers Slightly, Pain Token Launch Sparks Market Excitement

Overview

After yesterday’s decline, the market has slightly recovered today, with Bitcoin climbing back above $97,000. Projects like Pain and KAITO have launched their tokens.

Daily Macro

Bitcoin Performance: Bitcoin remains volatile but has recovered slightly, surpassing $97,000.

Bitcoin ETF: Net outflow of $64M yesterday.

Ethereum ETF: Net inflow of $19M yesterday.

Macroeconomic Data: On Wednesday, the U.S. SEC voluntarily withdrew its appeal of a ruling that blocked the agency from extending existing securities laws to cover decentralized finance (DeFi) users and projects.

Daily Focus

Pain

Reason for Attention: Meme project PAIN announced on social media that, as previously promised, 80% of the 185,976 SOL raised has been successfully refunded. Shortly after, Pain released its tokenomics model, causing the token to surge.

Token Performance: Pain: +13.5% (24h)

How to Participate: PAIN currently has a market cap of $154M, with an 8-hour trading volume of $51.4M. Showing strong market interest, investors should closely monitor its price action.

Next Focus

KAITO

Reason for Attention: KAITO, an AI-driven digital asset research platform that has been trending in the market, will launch its token tonight, with tokenomics details already released.

How to Participate: KAITO is a highly anticipated project. Investors can follow its progress and trade it on CoinEx.