Today, Bitcoin rebounded to $58,000, supported by a strong stock market recovery. Meanwhile, Ethereum remains under pressure as Vitalik Buterin and the Ethereum Foundation continue to sell large amounts of ETH. The Fractal Bitcoin mainnet launched, with mining competition intensifying as the hash rate reached 125.636 EH/s.

Daily Macro:

Bitcoin Market Performance: Bitcoin saw a short-term rebound to $58,000, boosted by the overall recovery in the stock market. While this rebound provided some relief, it remains to be seen whether this momentum can continue.

ETF Performance: Bitcoin ETF outflows have stabilized, ending several weeks of continuous outflows. Yesterday, $34.6 million flowed into Bitcoin ETFs. Despite cautious optimism from investors, further sell-offs could still occur. Ethereum ETFs remain under pressure due to large-scale ETH sales, with a net outflow of $5.2 million yesterday. The market is closely watching to see if institutional investors will support the price in the near future.

Daily Focus:

Fractal Bitcoin Mainnet Launch

Reason for Focus: The Fractal Bitcoin mainnet has officially launched. The first block was successfully mined, and it supports self-custody wallets. The network plans to introduce BRC-20 assets, cross-chain functionality, and PizzaSwap at block height #21000.

Related Token Performance: Early users have started receiving the $FB token airdrop, with OTC prices peaking at $20 and stabilizing around $16. Over the past 24 hours, $FB has dropped by 0.1%.

Market Outlook: Despite concerns over Fractal Bitcoin’s technical roadmap and pre-mined tokens, if the network’s functionality remains stable, Fractal could attract a large number of users. The introduction of BRC-20 assets and cross-chain developments will be key milestones for its future.

Next Focus:

Pump.fun Regulatory Warning:

Reason for Focus: Pump.fun issued a warning advising U.S. users to avoid using the platform due to potential regulatory scrutiny. This news has sparked widespread discussion on regulatory issues, especially as the U.S. increases compliance efforts toward crypto platforms.

Related Assets: If Pump.fun faces further regulatory action, tokens or projects related to the platform, including its native token $PUMP, could be negatively affected.

How to Participate: Investors should monitor official statements from Pump.fun, avoid trading on the platform, and carefully evaluate any related assets.

MakerDAO Launches Star Token:

Reason for Focus: MakerDAO has launched the Star Token $SPK through its Spark protocol to reward $USDS providers. This marks a new experiment in MakerDAO’s tokenomics, potentially attracting more liquidity providers.

Related Assets: The launch of $SPK could drive increased demand for $USDS, potentially boosting the price of $MKR within the MakerDAO ecosystem. Additionally, the success of Star Token could further expand MakerDAO’s market influence.

How to Participate: Investors can participate in MakerDAO’s Spark protocol by providing $USDS liquidity to earn $SPK rewards or trade the new token on CoinEx once it becomes available.

CoinEx Daily: BTC Rebounds to 58K, Vitalik and Ethereum Foundation Continue Selling ETH, Fractal Bitcoin Mainnet Launches