Last night, U.S. stocks surged. Trump’s media group raised $2.5 billion with plans to accumulate Bitcoin in the future. SharPlink secured $400 million to stockpile Ethereum. Square has enabled all its payment terminals to accept Bitcoin payments. Despite these bullish developments, Bitcoin failed to reach a new high, and Ethereum only briefly touched its two-week peak.

This suggests that market sentiment is weakening — a signal that shouldn’t be ignored. The next potential catalyst lies in whether the U.S. can finalize agreements with India, Japan, or the EU. If that happens, it may give sentiment a final boost, though by then, expectations may already be fully priced in.

As it stands, the rally that began in mid-April seems to have played out for the most part, though it’s not yet over. We may be closer to the end, but the move hasn’t completely exhausted itself. Attention now turns to whether U.S.-India, U.S.-Japan, or U.S.-EU trade deals can be reached in the next two weeks to fully price tariff negotiation optimism.

Bull Market Top Signals Checklist

三、Market Highlights

⚠️ Reminder: Meme tokens are very volatile and not backed by fundamentals. Prices are driven by sentiment and may drop to zero. Please stay rational and assess your own risk before investing.

Daily Alpha

A major whale has once again accumulated $10 million worth of AAVE, with unrealized gains on the total position nearing $30 million.

The SEC has initiated further review proceedings for WisdomTree’s spot XRP ETF application.

The Bitcoin 2025 Conference has officially opened, featuring speeches from Donald Trump Jr. and David Sacks on the first day.

Circle has spent approximately $99.8 million to acquire RWA issuer Hashnote.

Metaplanet’s share price has risen over 20% in the past five days, pushing its market cap to $4.53 billion.

On-Chain Trends

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HYPE Is it true that someone transferred 3,000 ETH to A8? How can you participate in Hyperliquid’s wealth effect?

It has been two months since the $JELLYJELLY incident. The Hyperliquid platform token $HYPE has not only hit an all-time high but has also gained wide attention due to James Wynn. Beyond $HYPE and James Wynn, another aspect of Hyperliquid is quietly developing—their their Layer 1 HyperEVM. Read more 👉 https://www.theblockbeats.info/news/58350

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Solana Over the past week, only a few Meme projects on-chain have stood out as hotspots. However, the overall sector heat has clearly cooled, with most projects falling silent and community discussions gradually fading. Market sentiment has become more subdued.

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Web 2IP: Labubu Achieved 40x returns in one month. How did retail investors capture the $LABUBU opportunity? | 100x Review Read more 👉 https://www.theblockbeats.info/news/58350

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BSC In contrast, BSC saw a new wave of single-letter Meme tokens sparked by the launch of the $USD1 trading pair. Among them, $B surged strongly, igniting market sentiment and driving related projects like $CA and $USD1DOGE to take turns performing, injecting a bright spot into the otherwise sluggish market.

Daily report

2025-06-11 Report

📅 June 11, 2025｜Crypto Research Brief

Before We Begin

Cryptocurrencies involve uncertainty and risk. You may lose your entire principal.

This report is for sharing purposes only and does not constitute investment advice. Please make investment decisions rationally.

一、Indicators

📊The Market

Currencies: [17,411]

Exchanges: [1,281]

Total Market Cap: [US$3754 B] 1.7%📉

24-Hour Trading Volume: [US$140.18 B]

[BTC 61%📈 ETH 9.4%📈]

Gas: 1.62 GWEI

Altcoin Season Index: [31]

Fear & Greed Index:[68]

（Data sourced from CoinGecko）

🧭Stablecoin Metrics

Market Cap of USD-Pegged Stablecoins: $254.4 B

🔥Liquidation Map

二、SEC&ETF&Policy & Macro Analysis

BTC ETF

ETH ETF

🏙️Macroeconomic Overview

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Divergence Between U.S. Institutional and Retail Investors Resurfaces

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According to the latest trading data from Goldman Sachs, after heavy selling and shorting in April, hedge funds have now entered a full-blown panic buying mode. Last week marked their fifth consecutive week of net buying U.S. equities, with long positions outpacing shorts by approximately 3 to 1. While hedge funds are “chasing the rally” in U.S. stocks, retail investor enthusiasm in Asia is cooling. Korean and Japanese retail investors have turned to short-selling, while buying activity in Singapore has dropped sharply.

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Official data released on Tuesday showed that South Korean retail investors became net sellers of U.S. stocks in May for the first time, while Japanese accounts turned net sellers of U.S.-listed ETFs. In Singapore, the number of traders buying U.S. equities in May fell by one-fourth compared to the previous month.

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The tokenization of US stocks is heating up again. Which on-chain platforms support trading US stocks?

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Recently, the lines between “crypto” and “U.S. stocks” have increasingly blurred. On one hand, U.S.-listed firms like SharpLink and GameStop have seen stock surges after embracing crypto assets. On the other, crypto companies are going public—most notably Circle, which closed its first trading week at $107.7, up 247% from its IPO price of $31. BitMEX co-founder Arthur Hayes even suggested Circle’s debut could spark a wave of crypto IPOs. As excitement builds, on-chain trading of U.S. stocks is quickly becoming a hot trend.

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Learn more 👉https://en.theblockbeats.news/news/58527

三、Market Highlights

⚠️ Reminder: Meme tokens are very volatile and not backed by fundamentals. Prices are driven by sentiment and may drop to zero. Please stay rational and assess your own risk before investing.

📰Daily Market Insights

1.Ethereum ecosystem tokens see broad gains, with UNI surging 23.4% in 24 hours

2.Silhouette, a privacy execution layer based on Hyperliquid, completes $3M Pre-Seed funding round led by RockawayX

3.Ethereum Foundation releases the 1TS “Security Challenges Overview” report

4.SlowMist’s Cosmos: Stolen assets from Alby wallet have been recovered

5.HYPE surpasses $42, hitting a new all-time high