CoinEx Daily：Bitcoin Has Been Fluctuating Between $60,000 and $63,000, $KAS Has Performed Well

Overview

Daily Macro: Bitcoin has been fluctuating between $60,000 and $63,000, mainly influenced by news that the German and U.S. governments might sell their holdings. The U.S. regulators might approve a spot Ethereum ETF for listing by July 4th.

Daily Focus -$KAS rises: PoW mining coin $KAS has performed exceptionally well amid bearish market sentiment, rising 11.4% in the past 24 hours, with its price nearing an all-time high.

Next Focus - Ore Version 2: Ore is the first PoW project on Solana, and its new v2 token is about to be released, with a total supply of 21 million tokens.

Daily Macro

Bitcoin Market Bitcoin ($BTC) has been fluctuating between $60,000 and $63,000, possibly retesting recent lows. The market has been primarily influenced by reports that the German and U.S. governments are depositing funds into exchanges with potential plans to sell Bitcoin. Ethereum ($ETH) continues to perform relatively well, driving up some tokens within its ecosystem. The market is anticipating that U.S. regulators may approve spot Ethereum ETFs for listing by July 4th.

Bitcoin ETF Recent data shows that on June 26, Bitcoin ETFs recorded a net inflow of $21 million, marking the second consecutive day of net inflows.

Daily Focus

$KAS Rises

Reason for Focus: PoW mining coin $KAS has performed exceptionally well amid this week's bearish market sentiment, with prices nearing all-time highs. Publicly traded mining company Marathon Digital Holdings announced that they have been mining $KAS since September 2023 as part of their strategy to diversify revenue streams.

Performance of Related Tokens:

• $KAS: Up 11.4% in the past 24 hours, with a market cap of approximately $4.36 billion.

Market Outlook: $KAS has seen a steady increase in its hash rate (up 150% since the beginning of the year), and the market expects the token to break new all-time highs. However, investors should be cautious of potential profit-taking risks.

Next Focus

Ore Version 2

Reason for Focus: Ore is the first PoW project on Solana, gaining significant popularity upon its launch, which caused network congestion on Solana and made it one of the top three most used applications in the ecosystem. Mining was paused on April 16, 2024. The new v2 token is set to be released, with the project maintaining a total maximum supply of 21 million tokens. The v2 audit is in its final stages, and the client software is being prepared for release.

Related Assets: The $ORE v2 token is expected to exhibit significant volatility upon launch, and investors should monitor its market dynamics.

How to Participate: Everyone can mine the token using their devices, including mobile phones. For specific participation details, please refer to the Ore official website and community announcements.