CoinEx Daily：Bitcoin Experienced Volatile Upward Movement, Blast Airdrop

Overview

Daily Macro: Bitcoin experienced volatile upward movement yesterday, currently trading around $62,000. Gary Gensler, Chairman of the U.S. Securities and Exchange Commission (SEC), indicated smooth progress in the approval process for a spot Ethereum ETF. Bitcoin ETFs showed a net inflow of $31 million, ending seven consecutive days of outflows.

Daily Focus - Blast Airdrop: The airdrop is scheduled to distribute $BLAST tokens to the community at 10:00 AM Eastern Time. Blast, as an Ethereum Layer 2 scaling solution, has attracted 1.5 million users. 

Next Focus - Zeta Markets Airdrop: The project is establishing a perpetual contract exchange on Solana, 8% of total supply will be airdropped to the Zeta Market traders.

Daily Macro

Bitcoin Market Bitcoin ($BTC) experienced volatile upward movement yesterday, reaching a low near $58,000 and currently rebounding to $62,000. Gary Gensler, Chairman of the U.S. Securities and Exchange Commission (SEC), indicated smooth progress in the approval process for a spot Ethereum ETF, with market expectations for approval by July 2nd. Ethereum ($ETH) continues to outperform Bitcoin marginally.

Bitcoin ETF Recent data shows a net inflow of $31 million into Bitcoin ETFs on June 25th, marking the end of seven consecutive days of outflows.

Daily Focus

Blast Airdrop

Reason for Attention: Blast operates as a Layer 2 scaling solution on Ethereum, featuring native yield-generating capabilities. As of Q2, Blast has attracted 2 million users and achieved a total value locked (TVL) of $3 billion. The Blast Foundation plans to distribute $BLAST tokens to the community through an airdrop today (June 26th). The airdrop is scheduled at 10:00 AM EST (10:00 PM HKT Time, 4:00 PM CET). 50% of the total $BLAST supply will be airdropped to the community, accompanied by certain locking rules.

Performance of Related Tokens:

• $BLUR: Down 2.37% over the past 24 hours, with a market cap of approximately $730 million.
• $PAC: Up 4.27% over the past 24 hours, with a market cap of approximately $110 million.
• $ZEROLEND: Up 5.8% over the past 24 hours, with a market cap of approximately $40 million.
• $JUICE: Up 0.7% over the past 24 hours, with a market cap of approximately $6 million.

Market Outlook: The Blast airdrop has the potential to impact the market performance of other tokens within the Blast ecosystem. Significant volatility is expected for the $BLAST token upon listing, prompting investors to closely monitor market developments. Additionally, 3% of $BLAST tokens will be allocated to the Blur Foundation. As Blur's Q3 activities conclude on the 26th, some investors may adopt hedging strategies, potentially affecting the $BLUR volatility.

Next Focus

Zeta Markets Airdrop

Reason for Attention: Zeta Markets is establishing a crypto perpetual contract exchange on Solana. The $ZEX airdrop distribution will commence at 10:00 AM UTC on June 27, 2024, with 8% of the total supply allocated to Zeta traders.

Related Assets: The $ZEX token is expected to experience significant volatility post-launch, prompting investors to monitor its market dynamics.

How to Participate: Users can connect their wallets to the Zeta Markets official website to check airdrop allocations and claim tokens. For specific participation details, please refer to the Zeta Markets official website and community announcements.