Crypto Market Overview

• BTC (-1.94% | Current Price: 104,747 USDT): Last week, Bitcoin was impacted by Middle East geopolitical tensions, briefly dropping to a low of 103,000 USD before stabilizing and rebounding. However, the current price has retreated again, reflecting cautious market sentiment. In the short term, Bitcoin is likely to remain in a broad consolidation range. Key support and resistance levels within this range should be monitored. On the funding side, Yesterday’s spot ETF net inflow was $216 million.
• ETH (+0.17% | Current Price: 2,578 USDT): Affected by the broader market pullback, ETH experienced a rally followed by a retreat but continues to maintain a wide consolidation pattern. The ETH/BTC exchange rate dropped to 0.024, with ETH’s market share falling to 9.22%. In terms of fund flows, Ethereum spot ETFs recorded a net inflow of 11.09 million USD yesterday, with ETHA seeing a single-day net inflow of 36.71 million USD.
• Altcoins: The market remains mixed, with altcoins showing varied performance. The Fear and Greed Index stands at 48, indicating neutral to slightly pessimistic market sentiment.
• Macro: Influenced by weak economic data and escalating tensions in the Middle East, U.S. stock markets closed lower on Tuesday. The Dow Jones Industrial Average fell by approximately 300 points, the Nasdaq Composite dropped over 0.9%, and small-cap stocks performed worse, with the Russell 2000 Index declining over 1%. Sector-wise, healthcare led the declines, while the energy sector rose against the trend, driven by strong oil prices.

Trending Tokens

EIGEN EigenLayer (+1.82%, Circulating Market Cap: 1.968 Billion USD)

According to Gate market data, EIGEN is currently priced at 1.1779 USD, with a 24-hour increase of 1.82% and a circulating market cap of 1.968 billion USD.

EigenLayer is a decentralized protocol based on Ethereum, designed to enhance blockchain network security and efficiency through a “restaking” mechanism. It allows Ethereum stakers to reuse their staked ETH or liquid staking tokens (e.g., stETH) to secure other decentralized services or protocols, improving capital efficiency.

EigenLayer recently announced on social platforms that its Restaking Redistribution mechanism has launched on the testnet, with the mainnet version expected to roll out between late June and July. This development has bolstered market confidence in the protocol’s economic model optimization and long-term sustainability.

EIGEN’s price has been in a consolidation pattern, with a recent short-term rebound after testing the lower boundary of the range, indicating some buying support. However, before the mainnet launch, investors should monitor trading volume and key resistance levels to assess the sustainability of the rebound and potential trend direction.

GPS GoPlus Security (+12.24%, Circulating Market Cap: 247 Million USD)

According to Gate market data, GPS is currently priced at 0.0245 USD, with a 24-hour increase of 12.24% and a circulating market cap of 247 million USD.

GoPlus Security is the first decentralized security layer for Web3, offering comprehensive protection for transactions across all blockchain networks. Its open, permissionless, and user-driven architecture allows seamless integration with any blockchain or project. By safeguarding users at every stage of the transaction lifecycle, GoPlus creates a safer on-chain trading environment, fostering trust in digital interactions.

Amid a challenging Q1 market, GoPlus Security announced a GPS token buyback program to be executed over the next 90 days, aimed at supporting token market stability and healthy development in compliance with regulations. The buyback will occur in small, frequent batches to avoid significant price volatility, with all repurchased tokens to be permanently burned. This move has significantly boosted investor confidence, with GPS showing a steady, stepwise upward trend, reflecting market reassessment and recognition of the project’s long-term value.

IO Ionet (+6.86%, Circulating Market Cap: 568 Million USD)

According to Gate market data, IO is currently priced at 0.7271 USD, with a 24-hour increase of 6.82% and a circulating market cap of 568 million USD.

Ionet is an innovative decentralized AI computing and cloud platform, providing efficient and cost-effective solutions for machine learning startups and organizations requiring high-performance computing. By aggregating underutilized global GPU resources, the platform builds a robust distributed computing network, optimizing resource utilization and significantly reducing computing costs compared to traditional cloud services like AWS, Google Cloud, or Azure.

Since May, IO has been in a downtrend, with the recent uptick appearing as a technical rebound rather than a clear trend reversal. Investors should focus on the midterm support level around 0.64; if this holds, it could provide a foundation for stabilization or further rebound. However, a break below this level may signal continued downside risk. Caution is advised, with attention to volume changes and structural confirmation signals.

Alpha Insights

Ink Announces Native INK Token with Airdrop for Early Liquidity Protocol Participants

Layer 2 network Ink has announced the launch of its native ecosystem token, INK, with a total supply permanently capped at 1 billion tokens and no further minting through governance. While Ink’s governance remains under the Optimism Superchain, the INK token is designed for users and application layers. The INK airdrop will target early participants in liquidity protocols.

This move underscores the long-term stability of Ink’s decentralized finance (DeFi) ecosystem. INK tokens will not participate in Optimism Superchain governance but will focus on incentivizing users and developers to drive DeFi innovation and capital coordination. The first application is a liquidity protocol based on Aave, with early participants eligible for airdrop rewards. This change aims to enhance Ink’s ecosystem liquidity and user engagement. Some users believe the limited participant pool may lead to high airdrop returns. The launch of INK marks a new phase for Layer 2 networks in the DeFi ecosystem, potentially attracting more developers and capital to the Optimism Superchain.

Ondo Finance Establishes “Global Markets Alliance” to Standardize RWA Tokenization

Ondo Finance announced the formation of the “Global Markets Alliance,” with members including the Solana Foundation, Jupiter, Trust Wallet, Rainbow Wallet, BitGo, Fireblocks, and others, to promote the tokenization and global adoption of real-world assets (RWAs) like U.S. stocks. The alliance aims to establish best practices and industry standards for interoperability, investor protection, liquidity, and composability, simplifying user access to tokenized assets and accelerating RWA integration into mainstream financial markets.

Alliance members leverage their respective strengths: Trust Wallet and Rainbow Wallet integrate Ondo’s tokenized asset standards for secure self-custody access; Jupiter and 1inch optimize liquidity routing and programmatic trading; BitGo and Fireblocks provide institutional-grade custody and OTC settlement; and Alpaca builds brokerage infrastructure for tokenized securities. This collaboration marks a significant step toward RWA standardization and mainstream adoption, streamlining user access to tokenized assets.

Namada Mainnet Launch Nears, NAM Token Trading to Start This Week

Cosmos-based Namada has entered the final stages of its mainnet launch, introducing a system designed to provide “privacy as a service” for decentralized applications, assets, and blockchains. Upon mainnet launch, Namada is implementing a free-market token distribution to enhance the liquidity of its native NAM token, with trading expected to begin this week as exchanges list the token.

The mainnet launch positions Namada as a key privacy layer in the Cosmos ecosystem, offering privacy-focused cross-chain transactions through a multi-asset shielded pool to protect user data. The free-market token distribution and exchange listings (e.g., Gate has opened deposit channels) will boost NAM’s liquidity and market attention. Planned cross-chain integrations will further enhance its multi-chain interoperability, driving adoption of privacy-focused DeFi applications. Namada’s privacy technology and cross-chain capabilities position it as a significant player in the growing blockchain privacy sector.

Gate Launchpool

Launchpool Details

• Project: Namada
• Token: NAM
• Launchpool Time: June 19, 2025, 21:00 (UTC+8)
• Participation Method: Stake GT or USDT to receive free rewards
• Total Mining Rewards: 150,000 NAM

Project Introduction

Namada is a multi-chain composable privacy layer and a Layer-1 blockchain based on Proof-of-Stake (PoS). It aims to protect user data by offering a privacy asset hub and supporting shielded cross-chain transactions. Namada supports any asset, enabling enhanced data protection for existing chains, decentralized applications (dApps), tokens, and NFTs. Built primarily in Rust, Namada uses the CometBFT consensus mechanism and the IBC protocol for multi-chain interoperability, with plans to support additional ecosystems. Leveraging advanced cryptographic standards like zk-SNARKs and robust interoperability, Namada aims to serve as a core cryptographic foundation for user data protection while enabling seamless connectivity with numerous blockchains and protocols.


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.