Overview

Daily Macro: Bitcoin dipped to $58,000 before recovering, influenced by weak US stocks. Altcoins showed resilience, $ETH remained strong. Mixed reactions followed Mt. Gox's plan to distribute $BTC and $BCH repayments, impacting short-term prices.

Daily Focus - Moonshot Platform: Moonshot by Dex Screener simplifies token issuance like Pump.fun, ensuring audit integrity. Over 5,000 tokens launched, cautioning due to new token market volatility.

Next Focus - RWA Project Lingo: Lingo, an RWA-powered reward ecosystem on Base and Solana, prepares for its $LINGO token public sale starting June 27th.

Daily Macro

Bitcoin Market： The Bitcoin market experienced a significant downturn yesterday, with the price of $BTC plummeting to $58,000 at one point before rebounding. This drop followed weak performance in the US stock market overnight, with altcoins demonstrating higher resilience, many recovering near previous highs. Relative to $BTC, $ETH maintained a robust position. Market reaction to Mt. Gox's recent announcement of plans to begin distributing repayments in $BTC and $BCH from early July 2024 was mixed, involving approximately $9 billion USD, sparking concerns over potential short-term pressure on Bitcoin prices.

Bitcoin ETF ：Recent data indicates a substantial outflow of $170 million USD from Bitcoin ETFs on June 24th, marking the seventh consecutive trading day of net outflows. This trend starkly reflects investors' pessimistic sentiment towards current market conditions and their corresponding divestment actions.

Daily Focus

Moonshot Platform

Reason for Attention: The real-time trading data analysis platform Dex Screener has launched a token issuance product "Moonshot". This platform enables effortless token issuance akin to Pump.fun while ensuring thorough auditing of tokens issued via Moonshot infrastructure. Additionally, upon raising funds reaching the 500 SOL cap and deploying liquidity pools on Raydium, the platform will burn between 150 to 200 million tokens and lock liquidity in the contract.

Market Outlook: Since its launch, Moonshot has facilitated the creation of over 5,000 tokens, part of which have successfully launched on Raydium after reaching funding limits. We anticipate more tokens to debut on this platform. Given the high uncertainty and price volatility associated with new token issuances, investors should exercise caution and maintain awareness of related risks.

Next Focus

RWA Project Lingo

Project Highlights: Lingocoins constitute a gamified reward ecosystem powered by real-world assets (RWA) built on Ethereum and Solana. The project is set to commence public sale of its native token $LINGO on June 27th, Beijing time. Assets under management managed by investors currently total $3 billion USD.

Related Assets: Post-launch of $LINGO tokens, significant market fluctuations are expected and that other RWA-themed tokens might also gather attention. Investors are advised to closely monitor market dynamics.

How to Participate: The pre-sale for LINGO begins at 15PM UTC on June 27, 2024. Participants must connect their wallets through Lingo Islands to gain priority purchasing rights. For more details, please follow updates on the official Lingo website and community.

CoinEx Daily：Bitcoin Dipped to $58,000, Moonshot by Dex Screener Simplifies Token Issuance