Preface:
Bitcoin and Ethereum have respectively decreased by 0.23% and 0.21% in the last 24 hours, with the ETH/BTC rate remaining at 0.05. The crypto market fear & greed index stands at 72, indicating greed.

Recent Spotlight

The best performer recently is Notcoin, which surged by 51.8% after introducing passive income tasks in its game. Notcoin is a click-based game on the TON blockchain, attracting players with its simple mechanics and the promise of actual cryptocurrency rewards. Players need to periodically click on a token icon while capturing rockets to speed up upgrades. The game also features team collaboration, point leagues, energy management, and referral rewards. Additionally, Notcoin has an earning system where players can gain Notcoin by completing advertising tasks. Players can use various boosts, such as full energy boosts and multi-click boosts, to speed up coin collection.
Since its launch on January 1, 2024, the game’s popularity has skyrocketed, with over 30 million participants and an average daily active user count of 5 million, making it the fifth-ranked channel on Telegram by data.

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The Word on the Street

Rune DOG has once again reached a new all-time high, with multiple top runes surging by 30%. Following a record high on May 27, DOG experienced another significant increase in the early hours of the past two days, with a single-day surge of over 40%. Leading rune tokens in the market, such as RSIC, also saw daily gains exceeding 30%, with market cap, price, and trading volume rising rapidly.

Spot Bitcoin ETF Flows

Due to large transfers from Mt. Gox and hawkish comments from the Federal Reserve, the market is worried about potential selling pressure, causing Bitcoin (BTC) to drop by 1.50% to $68,000. However, recent favorable political shifts towards cryptocurrencies may offset the negative sentiment. The US BTC spot ETF has seen substantial inflows, despite a recent pullback in the last few trading days. Market analyst Rekt Capital suggests that if BTC fails to break through key resistance levels, its trend could remain volatile. Even if it rises, breaking through early session dips may be challenging, and any breakout could be merely a temporary correction.

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Project Upgrade

Building on the foundation of V3, Aave V4 proposes a collaborative effort with the community to adopt a new architecture that enhances modularity, reduces governance overhead, optimizes capital efficiency, and seamlessly integrates innovations like Aave’s native stablecoin GHO. The proposal also introduces innovative risk management tools and a more efficient liquidation engine to enhance user experience and security. Additionally, there are plans to launch their own blockchain, the Aave Network. This new blockchain aims to leverage Aave’s substantial $13 billion in total value locked (TVL), potentially becoming one of the largest Layer 2 solutions in the DeFi space.

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