Crypto Market Weekly Report

Market Overview

This week, the crypto market showed a divergent trend. Although the overall investment products still maintained a net inflow of funds, continuing a seven-week upward trend, the structure has undergone significant changes. This week, the Bitcoin spot ETF saw a reversal, with a net outflow of approximately $132 million, ending the previous six-week continuous inflow trend. This led to Bitcoin's price oscillating narrowly around $106,000, with a weekly increase of only about 1.15%, closing at $105,600, during which it briefly fell to the $103,000-$104,000 range.

In contrast, the Ethereum ETF continues to demonstrate strong capital-raising ability, with a net inflow of approximately $321 million this week, setting a record for 15 consecutive trading days of net inflow, totaling approximately $838 million. This has driven the ETH price to rebound from around $2,460 and re-establish itself above $2,500.

Overall, the market is experiencing a clear rotation between the short-term capital inflow into Bitcoin and the continuous favoring of Ethereum by funds. This reflects institutional investors' optimism about the ETH ecosystem and its long-term value, while there are signs of short-term profit-taking for BTC.

Performance of Popular Coins

This week's standout popular coins include MIXIE, TAG, ZENAI, WEPE, and ARENA. Among them, the price of MIXIE surged by 803%, with a current market capitalization of 26 million USD. TAG increased by 335%, reaching a peak price of 0.0003998 USDT. The increases for ZENAI, WEPE, and ARENA were 240.27%, 154.57%, and 152.05%, respectively.

Dynamics of the U.S. Financial Market

As of this week, the U.S. stock market has performed strongly, with all three major indices recording significant gains. The Dow Jones Industrial Average rose by 1.2%, the Nasdaq Composite Index increased by 2.2%, and the S&P 500 Index was up by approximately 2.0%. This marks the second consecutive week of gains for the stock market, primarily driven by strong employment data, the performance of tech stocks, and expectations of easing trade tensions.

Large technology stocks generally rose, with Apple, Tesla, and Nvidia leading the gains. Tesla rebounded about 3.7%, Nvidia's increase exceeded 4%, and Apple also showed a significant recovery. The combined market value of these three companies continued to grow, highlighting the strong confidence the market has in the technology sector.

The US dollar index fell by about 0.5% this week, dropping below 99, primarily due to investors' expectations that inflation may slow down and a cautious attitude towards the Federal Reserve's interest rate policy. The weakening dollar has brought renewed attention to safe-haven assets like gold, while also driving overseas capital into the US stock market.

Overall, despite the uncertainty in trade policies, strong labor market data ( added 139,000 non-farm jobs, and the unemployment rate remained at 4.2% ) provided sustained momentum for the market. This week's stock market rise reflects investors' optimistic expectations for the future economic outlook and confidence in inflation control.

Important Event Reminder

• The U.S. May New York Fed 1-year inflation expectations will be released on June 9 at 23:00 Beijing time.
• The U.S. House of Representatives is scheduled to review the crypto market structural bill on June 10.
• The US May CPI data will be released on June 12 at 20:30 Beijing time.

Project Token Unlock

• Movement(MOVE): On June 9 at 20:00, approximately 50 million tokens will be unlocked, accounting for 1.96% of the circulation, valued at about 7.1 million USD.
• Delysium(AGI): On June 11 at 8:00, approximately 69.03 million tokens will be unlocked, accounting for 4.00% of the circulating supply, valued at approximately 3.8 million USD.
• io.net(IO): On June 11 at 20:00, approximately 3.22 million tokens will be unlocked, accounting for 1.98% of the circulation, valued at around 2.5 million dollars.
• Aptos(APT): Approximately 11.31 million tokens will be unlocked on June 12 at 12:00, accounting for 1.79% of the circulating supply, worth about 52.7 million USD.
• BounceBit(BB): Approximately 42.89 million tokens will be unlocked on June 12 at 8:00 AM, accounting for 10.47% of the circulating supply, worth about 4.6 million dollars.

Sector Hotspots

In the Meme coin sector, the performance of the Solana ecosystem is particularly outstanding. Solaxy(SOLX) has achieved a short-term increase of 74%, making it one of the most eye-catching Meme coins in the Solana ecosystem this week. In addition, Official Trump, Bonk, Pudgy Penguins, and others have also seen weekly increases of 4-15%, demonstrating significant performance.

Risk Warning

Cryptocurrency investment is inherently highly speculative and carries a significant risk of loss. Past performance is not indicative of future results. The value of digital currencies may fluctuate significantly, and trading or holding digital currencies may involve substantial risks. Investors should carefully consider whether to participate in digital currency-related activities based on their individual investment goals, financial situation, and risk tolerance.