CoinEx Daily：Bloomberg analysts expect the Ethereum spot ETF to launch by July 4, BILLYCAT pumps

Overview

Today's report focuses on the market dynamics of Bitcoin and Ethereum and their impact on the overall market, while also exploring the latest developments and future potential of the rune market. Macroeconomic data provides a critical background on future market movements, helping investors make more informed decisions when developing strategies.

Daily Macro

Bitcoin market situation: The price of bitcoin continues to fluctuate at high levels, and market confidence has been restored to some extent, driven by top traders. ETH's steady performance also supported the market, but the altcoin's performance did not follow the mainstream coins' rise.

Bitcoin ETF Situation: Bloomberg analysts expect the Ethereum spot ETF to launch by July 4, an expectation that could further stimulate market sentiment and trading activity.

Macroeconomic data: Fed official Collins said there could be one or two rate cuts in 2024. At the same time, Nvidia surpassed Microsoft and Apple to become the world's most valuable company, showing the strong performance of technology stocks in the current economic environment.

Daily Focus - Rune Market

Rune Market

Reason for the rise: The rune market has been stimulated by the continuous record highs of the Billion Cat ($BILLION•DOLLAR•CAT) tokens, and the market's enthusiasm for new tokens is high, especially in the case of reduced gas fees, and frequent PVP new activities.

Token performace in the relevant sector:

$dog rose 5.14% and had a market capitalization of $614 million

$RUNECOIN fell by 2.16%, with a market capitalization of $136 million

$PUPS • WORLD • PEACE FELL 11.54%, WITH A MARKET CAPITALIZATION OF $69 MILLION

Outlook: It is expected that the rune market will continue to remain active, especially as GAS rates remain low. Investors should keep an eye out for the upcoming IDO of the rune application token $RUNI and the launch of a new cross-chain bridge, which may be a new growth stream.

Next Focus

Runes

Potential reasons: new token issuance and cross-chain bridge launch in the rune market.

Related Assets: $RUNI, runic tokens on the SOL chain.

How to Participate: Follow the latest developments in @rune_mine and @runes_terminal and participate in the IDO through Runespad.

airdrop

Potential cause: New rune token airdrop campaigns, such as $GREED•FRAGMENTS.

Underlying Assets: Community holder wallets that have been airdropped.

How to participate: Check your wallet for the airdropped tokens and keep an eye on the market performance going forward.