Crypto Market Overview

• BTC (+0.25% | Current Price: 105,800 USDT): Last week, Bitcoin was impacted by Middle East geopolitical tensions, briefly dipping to a low of 103,000 USDT before stabilizing and rebounding. However, it faced resistance around 106,000 USDT, forming a clear short-term pressure level. On the capital flow front, Bitcoin spot ETFs recorded a single-day net inflow of $301 million last Friday, with BlackRock’s IBIT contributing $238 million, indicating resilient institutional buying.
• ETH (+1.51% | Current Price: 2,567 USDT): Affected by the broader market pullback, ETH weakened again, with the ETH/BTC exchange rate dropping to 0.023 and its market share falling to 9.22%. In terms of capital flows, Ethereum spot ETFs saw a net outflow of $2.176 million last Friday, ending a 19-day streak of net inflows. Notably, Fidelity’s FETH recorded a single-day net outflow of $8.845 million, reflecting cautious short-term market sentiment.
• Altcoins: The market weakened again, with most sectors declining. The Fear & Greed Index rose to 61, indicating a slight improvement in market sentiment.
• Macro: Escalating geopolitical risks triggered a surge in global risk aversion, leading to significant market volatility. WTI crude oil futures surged 6% at the open, and Brent crude futures rose nearly 5%, but both later moderated to around 1.5% gains. U.S. stock index futures, after opening lower, gradually turned to slight gains, showing some recovery in market sentiment. Spot gold experienced sharp intraday swings, briefly reaching $3,450/oz before pulling back, with safe-haven assets showing a pattern of spiking and retreating.

Trending Tokens

JTO - Jito Token (+17.17%, Circulating Market Cap: $2.343 Billion)

According to Gate market data, JTO is currently priced at $2.342, with a 24-hour increase of 17.17% and a circulating market cap of $2.343 billion.

JTO is the governance token of the Jito network, marking a significant milestone in its ecosystem development. As a governance token, JTO empowers holders to participate in key decision-making, allowing them to directly influence the network’s future direction. By holding and using JTO, community members can propose ideas, participate in voting, and drive protocol enhancements, ensuring the Jito network remains innovative and forward-thinking. JTO has shown strong support since hitting a low in April, repeatedly holding key support levels, with rising highs indicating a clear trend reversal signal. Its inclusion in Grayscale’s potential investment product watchlist has boosted market expectations for its institutionalization path, providing a long-term bullish catalyst.

LM - LeisureMeta Token (+24.56%, Circulating Market Cap: $18.31 Million)**

According to Gate market data, LM is currently priced at $0.0036, with a 24-hour increase of 24.56% and a circulating market cap of $18.31 million.

LeisureMeta is a pioneer in realizing Web3 value, introducing a new model of employment and income—Web3 creators. It operates its own blockchain, with LM tokens on the LeisureMeta chain interoperable with ERC-20 LM tokens on Ethereum through a gateway.

The recent price surge of LM is primarily driven by its “I LIKE LM” community, which has attracted K-POP NFT fans and NFT enthusiasts, boosting trading activity and demand. LM supports low-gas NFT minting and trading, with its fan-driven economy model appealing to Web3 users. With daily trading volume surpassing $10,000, short-term capital inflows are likely to continue driving price growth.

HOUSE - Housecoin Token (+27.68%, Circulating Market Cap: $41.26 Million)

According to Gate market data, HOUSE is currently priced at $0.0414, with a 24-hour increase of 27.68% and a circulating market cap of $41.26 million.

Housecoin ($HOUSE) is a meme-based cryptocurrency token on the Solana blockchain, themed around hedging against the real estate market. It uses humor and satire to protest global high housing prices, with the slogan “1 $HOUSE = 1 house,” capturing the attention of younger investors and the crypto community. By combining economic pain points with meme culture, Housecoin has created an entertaining yet speculative digital asset.

The recent rapid price surge of HOUSE is largely driven by its success in leveraging Solana’s community enthusiasm, with its satirical positioning resonating with younger audiences frustrated by high housing costs. A 210% spike in social media discussions has further fueled the FOMO-driven rally.

Alpha Insights

Ethereum Spot ETFs Record Five Consecutive Weeks of Net Inflows

Last week (June 9–13), Ethereum spot ETFs showed strong performance, recording a weekly net inflow of $528 million, marking five consecutive weeks of net inflows with no outflows among the nine ETFs. BlackRock’s ETHA led with $381 million in weekly inflows, bringing its cumulative net inflow to $5.24 billion, underscoring its dominance among institutional investors. Fidelity’s FETH followed with $78.49 million in weekly inflows, with a cumulative total of $1.59 billion.

Ethereum spot ETFs currently have a total net asset value of $10.03 billion, accounting for 3.26% of Ethereum’s total market cap, indicating their growing significance. With Ethereum’s ecosystem expanding through DeFi and NFT applications, coupled with a favorable regulatory environment and increasing institutional participation, ETFs are likely to further drive ETH price growth and attract more investors, reinforcing Ethereum’s network effects and value foundation.

Popular Meme Coin LABUBU Market Cap Surpasses $55 Million

On June 16, according to GMGN market data, the meme coin LABUBU, based on the Pop Bubble Mart’s Labubu IP brand, surpassed a $55.03 million market cap, with a 24-hour increase of over 54%. LABUBU leverages the global popularity of Labubu, which even inspired a grand welcome ceremony in Thailand.

LABUBU’s 54% market cap surge reflects the strong market appeal of the Labubu IP, amplified by viral social media (e.g., TikTok, Instagram) and celebrity endorsements (e.g., Blackpink’s Lisa, Thai royalty). This IP-to-crypto synergy has successfully transformed physical toy fandom into digital speculation. However, as a meme coin, LABUBU’s price is highly volatile, and its lack of official authorization, whitepaper, or clear team raises investment risks. Investors should beware of the typical “hype-pump-crash” meme coin cycle.

Vietnam National Assembly Passes Digital Technology Industry Law, Recognizing Legal Status of Crypto Assets

On June 14, Vietnam’s National Assembly approved the Digital Technology Industry Law, which incorporates digital assets into the regulatory framework and formally recognizes the legal status of crypto assets. Effective January 1, 2026, the law defines digital assets as those verified using cryptographic or similar digital technologies, categorizing them into virtual assets and cryptocurrencies.

This marks Vietnam’s first legal framework for crypto assets, reflecting its proactive response to the rapidly growing crypto market. With approximately 17 million crypto users and $16 billion in crypto remittances in 2024, Vietnam is a leader in global DeFi. The legalization of crypto assets is expected to energize its user base, boost market confidence, and drive localized blockchain applications.

Gate Launchpool

Launch Details

• Project: CRT Project
• Token Name: CRT
• Launch Time: June 16, 2025, 20:00 (UTC+8)
• Participation Method: Stake CRT or USDT to receive free tokens
• Total Airdrop: 1,500,000 CRT

Project Introduction

CRT Project is an AI-driven Web3 content platform where creators submit story ideas, and content adapted into monetizable scripts or media earns $CRT token rewards. Backed by top investment firms like Genesis Blockchain Ventures and Apex Crypto Ventures, the project introduces a “create-to-earn” model, transforming imagination into tangible revenue.


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/CRT?pid=318

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.