Crypto Market Overview

• BTC (-0.02% | Current Price: 109,603 USDT): After a strong rebound on Monday, BTC returned to a consolidation phase, briefly dipping below $109,000 during the session. On Tuesday, BTC ETFs saw a total net inflow of $94.5 million, with Ark Invest’s ARKB receiving $20.3 million and Fidelity’s FBTC receiving $67.1 million.
• ETH (+3.00% | Current Price: 2,778 USDT): ETH followed the broader market rebound yesterday and is now consolidating around the $2,800 mark. The ETH/BTC ratio rose to 0.025, and ETH’s market dominance increased to 9.87%. On Tuesday, ETH ETFs saw a net inflow of $44.4 million, with Fidelity’s FETH bringing in $26.3 million and Grayscale’s ETH product receiving $9.7 million. ETH ETFs have now recorded 16 consecutive trading days of net inflows.
• Altcoins: Market sentiment has improved, with most sectors seeing a rebound. The Fear & Greed Index rose to 65, reflecting a clear uptick in bullish sentiment.
• Macro: On Tuesday, U.S. stocks closed higher, with all three major indexes reaching at least a three-month high. The Dow Jones rose by 0.25%, the S&P 500 by 0.55%, and the Nasdaq Composite by 0.63%. Both the S&P 500 and Nasdaq marked a three-day winning streak, as investors closely monitor U.S.-China negotiations. As of 11:00 AM (UTC+8) on June 11, spot gold is priced at $3,339.46 per ounce, down 0.5% over 24 hours.

Trending Tokens

RPL – Rocket Pool (+19.83%, Market Cap: $156 million)

According to Gate.io data, RPL is trading at $7.183, up 19.83% in the past 24 hours. Rocket Pool is a decentralized Ethereum staking protocol offering permissionless PoS infrastructure. Users can stake ETH and earn rewards without needing to run a full validator node. RPL tokens are used for governance, node operator incentives, and protocol fees.

RPL’s recent price surge is driven by two key factors:

• Strong ETH market performance has boosted staking demand, which benefits Rocket Pool’s low-barrier staking model.
• Continuous protocol upgrades (such as the Atlas upgrade) have improved usability and attracted more users.

UNI – Uniswap (+16.87%, Market Cap: $4.952 billion)

UNI is currently priced at $8.305 with a 24-hour gain of 16.87%. Uniswap is a leading decentralized exchange (DEX) on Ethereum, using the AMM model to enable token swaps without order books. UNI tokens are used for governance, protocol fees, and LP incentives.

Recent gains are supported by:

• ETH’s rise boosting the DeFi sector overall.
• The launch of Uniswap V4 and the growing adoption of Unichain, which now accounts for 75% of Uniswap V4’s trading volume. Unichain offers 95% lower costs, 1-second block times, and a $45 million incentive plan, pushing volume past $40 billion in just four months.

SSV – SSV Network (+15.98%, Market Cap: $79.74 million)

SSV is trading at $11.38, up 15.98% in the last 24 hours. SSV Network is a decentralized Ethereum staking protocol that uses Secret Shared Validators (SSV) to split validator keys among multiple operators. This enhances staking decentralization and security.

SSV benefits from:

• ETH price increases and growing staking demand, as SSV directly supports Ethereum’s PoS validator infrastructure.
• Protocol upgrades that enhance decentralization and security have also improved market sentiment.

Alpha Insights

Sonic Exceeds 100 Million Total Transactions

Around June 10, Sonic announced its Layer 1 blockchain had surpassed 100 million total transactions. According to Sonic Foundation’s June 8 update, the mainnet has reached 102 million cumulative transactions with steadily increasing daily volume. This milestone highlights Sonic’s appeal as a high-performance, low-cost, and scalable Layer 1 network.

Its user base is rapidly expanding due to popular dApps like FoMoney (a blockchain game), and DeFi/NFT platforms such as Chaos Finance and Chillonic. The milestone underscores Sonic’s growing role as foundational Web3 infrastructure, with future upgrades and cross-chain plans poised to drive further adoption.

SEC Requests Solana ETF Filers to Update S-1 Forms

Around June 10, the U.S. SEC requested Solana ETF applicants, including VanEck, 21Shares, and Bitwise, to revise their S-1 filings within a week to continue the review process. According to a June 9 notice, the SEC asked for clarification on redemption mechanisms and staking terms to meet compliance standards.

This move signals a key stage in the approval timeline. The updates reflect the SEC’s more open stance toward Solana, especially under pro-crypto SEC Chair Paul Atkins. Approval is expected as early as July 2025, potentially accelerating Solana’s integration into traditional finance and boosting institutional interest.

Elon Musk’s xAI Partners with Polymarket

On June 11, Elon Musk’s AI company xAI announced a partnership with decentralized prediction market Polymarket via the X platform (formerly Twitter). The partnership aims to combine Polymarket’s prediction data, X’s social insights, and xAI’s Grok AI engine to build a data-driven “truth engine” for analyzing global trends.

This reflects a broader trend: Web3 tech is entering mainstream tech stacks, playing roles beyond crypto finance—in information validation, social engagement, and predictive analysis.

For xAI, the partnership enhances Grok’s forecasting accuracy and expands Web3’s relevance. For Polymarket, integration with X and Grok boosts user growth, credibility, and compliance through stablecoin settlement. This collaboration marks the beginning of an era of “verifiable insights” through AI + Web3 fusion.

Gate Launchpool

Subscription Details

• Project: Fly.trade
• Token: FLY
• Subscription Deadline: Until June 15, 2025, 20:00 (UTC+8)
• Participation: Stake GT or BTC
• Airdrop Pool: 1,233,344 FLY tokens

Project Overview:

Fly.trade is an advanced cross-chain liquidity aggregator designed to offer efficient and seamless token swaps for traders, dApps, and agents. It integrates liquidity pools across multiple chains to optimize routing, reduce slippage, and cut costs. Its smart routing algorithm dynamically analyzes market data to ensure competitive prices and fast execution, making it a powerful tool for cross-chain trading.


References:

• Gate, https://www.gate.com/trade/BTC_USDT
• Farside Investors, https://farside.co.uk/btc/
• CoinGecko, https://www.coingecko.com/categories
• Investing, https://investing.com/
• Gate, https://www.gate.com/zh/launchpool/EDGEN?pid=311

Gate Research is a comprehensive platform offering in-depth blockchain and cryptocurrency research, including technical analysis, market reviews, trend forecasts, and macroeconomic insights.

Disclaimer
Investing in cryptocurrency markets involves high risk. Users are advised to conduct their own research and fully understand the nature of the assets and products before making any investment decisions. Gate is not responsible for any losses or damages arising from such decisions.