BITGET Research Institute announces the launch of BWB on BITGET LAUNCHPAD, while the crypto market is in a high-level oscillation phase, waiting for macro data to guide the market. ETF drives the bull market, with strong performances from the RWA track and MEME coins. BITGET WALLET TOKEN (BWB) will start subscriptions, with attention on projects like FARCASTER and TRUEFI. Cryptocurrencies like DOG•GO•TO•THE•MOON and CTK show outstanding performance, with high interest in specific assets from Asia, Europe, and Latin America. SCROLL completes financing, offering airdrop opportunities, while the PARTICLE protocol receives seed round funding support.

USDC

FLOKI

PEPE

The cryptocurrency market is in a high-level oscillation stage, waiting for macro data to guide the market direction:

The cryptocurrency market is generally in a high-level oscillation stage. After the Ethereum ETF approval, the market is repeatedly confirming price support levels, waiting for upcoming event changes or macro data releases to guide the next trading direction. Investors are advised to pay attention to the PCE data release on this Friday, the ECB interest rate cut on June 6, and the CPI data on June 12.

In terms of BTC ETF, there is a continuous inflow of funds, with a flow of 45 million US dollars yesterday. IBIT's BTC holdings have surpassed GBTC. Regarding stablecoins, the USDC Treasury added 250 million USDC tokens yesterday, and there continues to be an inflow of stablecoins.

Main reasons: This bull market is mainly driven by the buying pressure from traditional markets brought by ETFs. RWAs, as a way to introduce traditional financial markets, have been continuously updated and financed. Recently, the RWA layer 2 network Plume Network completed a $10 million seed round financing. Additionally, the U.S. House Financial Services Committee on Digital Assets will hold a hearing next Wednesday to discuss the tokenization of real-world assets.

Rising trends: ONDO rose by 18.9% in the past 7 days, TRU rose by 70.8%+ in the past 7 days, and PRCL rose by 5.6% in the past 7 days.

Factors affecting future trends:

Main reasons: The core theme of this bull market revolves around institutions and retail investors not taking each other's positions. Retail investors prefer fair distribution and easily understandable MEME coins, including this round's MEME champions PEPE, WOJAK, WIF, FLOKI, and others. The pursuit of these MEME coins by retail investors, combined with signals released by related speculative groups, has made the performance of MEME coins exceptionally outstanding in this round.

Rising trends: PEPE rose by 93.9% in the past month, WIF rose by 37.3% in the past month, and FLOKI rose by 51.4% in the past month.

Factors affecting future trends:

Bitget's latest LaunchPad, Bitget Wallet Token (BWB), will open for subscription from 2024.06.01 11:00 to 2024.06.06 20:00 (UTC+8). This Bitget LaunchPad will be divided into BGB purchase area and USDT purchase area, with a subscription limit of 5 million BWB tokens each. Bitget Wallet is a multi-chain Web3 wallet that provides a rich and diverse ecosystem of applications and services, including Swap, NFT marketplace, browser, and LaunchPad functions, and is loved by a large number of users in the Web3 ecosystem. This LaunchPad is exclusively issued by Bitget, and investors are advised to pay attention.

Farcaster (Dapp): Farcaster is a decentralized social network that allows developers to build innovative social networks. Users will always be able to freely move their social identities between applications, and developers will always be able to freely build applications with new features on the network. On March 31, Farcaster developer Merkle Manufactory is about to complete a financing round led by Paradigm, with an estimated valuation of around $1 billion. The project has developed applications, and users are advised to download and register accounts through Google Store, Apple Store to potentially receive airdrop opportunities.

TrueFi (Token): The project's token TRU has performed well recently, with the token price doubling in the past two weeks. There are currently no fundamental updates on the project, mainly due to the resurgence of heat in the race. The project has a total market value of $300 million, with significant hot money flowing in. The project is led by a U.S. team and funds, with users mainly from Europe and the U.S.; the product focuses on U.S. bond RWA trading, with higher awareness in Europe and CIS. The project may have positive news in the future and continue to rise, so it is worth keeping an eye on.

DOG•GO•TO•THE•MOON (Token): Rune sector tokens are generally rising, with on-chain data showing that the top 10 addresses have continued to increase their DOG chips by over 4% recently. Large funds are buying DOG. The leading project DOG•GO•TO•THE•MOON rose by 25% in the past 24 hours, and DOG (DOG•GO•TO•THE•MOON) has risen by over +70% within a week of being listed on Bitget. Bitget has listed this asset, so trading opportunities should be monitored.

CTK (Token): Shentu Chain is a security-oriented blockchain that integrates on-chain functions such as secure oracles and Shentu Shield compensation pools, and uses the secure programming language DeepSEA. The project's token had a significant movement yesterday, with a short-term surge of over 100%, a 250-fold increase in trading volume, and very high community attention. The token has since retraced, with high recent volatility, suitable for professional traders to participate, but risks should be noted.

(1) In the Asian region, various regions were focused on Notcoin yesterday, mainly focusing on the sharp rise in NOT token prices.

(2) In the European, American, and Latin American regions, DOG, TRU, PEPE, CTK, SOL appeared in many hot searches.

(3) Assets like NOTCOIN and CTK appeared in hot searches in CIS regions, the Philippines, Turkey, Poland, and others.

Scorll recently launched a points system, making a final push for coin issuance. The rules of the points system are relatively clear at present, and users can earn points by pledging ETH, LST, various stablecoins, etc., to seize the last airdrop opportunities.Scroll has raised a total of $80 million in funding, with investors including Polychain Capital, Sequoia China, Bain Capital Crypto, Moore Capital Management, Variant Fund, Newman Capital, IOSG Ventures, and Qiming Venture Partners. 

Participation: Users can log in to https://scroll.io/sessions, link their wallets, and complete the corresponding tasks as required by Session Zero to earn points and qualify for future airdrop rewards. 

Particle is a decentralized leveraged trading protocol that is permissionless and applicable to any digital asset from tokens to NFTs. It has no price oracles, no counterparty risk, and no forced liquidation. The project is a high-profile project in the Blast ecosystem, with early participants having a chance for airdrops. 

Particle has completed its seed round of funding, with investors including Polychain*, Nascent, Inflection, Neon DAO, Arthur Hayes, and other well-known institutions and individuals. 

Participation: Users can log in to https://www.duo.exchange/, link their wallets, and stake core assets in the Blast ecosystem (ETH, WETH, USDB, USDe, etc.) to participate.

BITGET launches BWB on LAUNCHPAD, updates on the cryptocurrency market dynamics and projects.