#Over 100 Companies Hold Over 830,000 BTC#
According to reports as of June 19, more than 100 companies collectively hold over 830,000 BTC, worth about $86.476 billion.
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Gate Research Institute: Plasma is scheduled to launch the Mainnet at the end of summer | Renzo Protocol and Concrete announce strategic cooperation
Crypto Market Overview
Popular Tokens on Juejin
CALCIFY Calcify Tech (+15.74%, circulating market cap 8.92 billion USD)
According to Gate.io market data, the current price of CALCIFY token is $0.4366, with a 24-hour increase of 15.74%. The current circulating market value of CALCIFY is $892 million.
Calcify Tech is a decentralized computing power market that provides users with fair, transparent, and on-demand access to GPU, CPU, and memory resources through smart contracts. The platform is designed specifically for AI developers, Web3 projects, and enterprise-level users, eliminating intermediaries and enabling scalable and cost-effective computing power delivery. Through token incentives, Calcify encourages users to share idle computing resources for profit. Unlike traditional cloud services, Calcify features permissionless, programmable, and verifiable characteristics, empowering real-world AI and blockchain tasks.
The CALCIFY token previously gained market attention and initial recognition through the HODLer Airdrop activity. After its launch, the price continued to rise without any significant corrections. However, the recent trading has shown multiple long upper shadows, indicating increased selling pressure above, which has heightened short-term volatility risks. It is recommended that investors control leverage and respond cautiously to potential technical corrections.
SNT Status (+3.88%, Circulating Market Cap 360 million USD)
According to Gate.io market data, the current price of the SNT token is 0.0505 USD, with a 24-hour increase of 3.88%. The current circulating market value of SNT is 360 million USD.
Status is a mobile application that starts with social features, integrating an instant messaging client, a Dapp browser, and a lightweight Ethereum wallet, known in the industry as the "Blockchain WeChat," enabling users of Ethereum decentralized protocols to send encrypted messages, smart contracts, and digital currencies to each other. Developed based on Whisper, Status provides its chat API (application programming interface) and development tools for decentralized applications, allowing users to use dApp services within the software.
In terms of the project, Status recently launched version 2.34, which has made significant optimizations in user experience compared to version 2.31. The continuous product iteration has provided strong support for the SNT price. From a technical perspective, SNT has shown a strong upward trend since hitting the bottom in April, displaying a clear rhythm of "uptrend - pullback - another uptrend". It is currently in a corrective phase after reaching a new high, and future trends still need to pay attention to the strength of the pullback and the performance of support levels.
CTA Cross The Ages (+24%, circulating market value 37.62 million USD)
According to Gate.io market data, the current price of the CTA token is 0.0751 USD, with a 24-hour increase of 24%. The current circulating market value of CTA is 37.62 million USD.
Cross The Ages (CTA) is a Web3 project that combines elements of fantasy and science fiction, building a multimedia ecosystem that includes games, novels, NFTs, anime, and derivatives. At its core is a mobile-first blockchain trading card game (TCG) based on seven fantasy and science fiction novels, set in a dystopian world. Players can participate in territorial battles by collecting, minting, upgrading, trading, or renting cards, which can be converted into NFTs and combined with physical cards, achieving a seamless transition from Web2 to Web3.
Recently, driven by the rising popularity in the GameFi sector, the price of CTA has surged significantly from the bottom, with a cumulative increase of nearly 5 times, and market attention has notably increased. However, from the perspective of trading volume trends, while the recent price has reached new highs, the volume has not increased correspondingly, resulting in a certain degree of divergence between price and volume, which may indicate a weakening of upward momentum in the short term. Investors need to be cautious of volatility risks at high levels.
Alpha Interpretation
Meteora will launch a new profit and loss tracker and DLMM capital pool tool.
The Solana ecosystem liquidity protocol Meteora released a summary of the community call on June 20, announcing several measures to enhance liquidity management, including an upcoming profit and loss tracker that supports USDC value display (web version in development), community tools for the DLMM (Dynamic Liquidity Market Maker) funding pool (supporting position liquidity decline tracking and Telegram notifications), and the creation of Dune dashboards for DLMM and DBC (Dynamic Bond Curve).
These new tools aim to enhance user experience and transparency, helping liquidity providers (LP) optimize returns and reduce risks through real-time data and notifications. Meteora's DLMM fund pool is renowned for its dynamic fee adjustments and high capital efficiency, with a current total locked value (TVL) exceeding 1.1 billion dollars, demonstrating its significant position in the Solana DeFi ecosystem.
These updates further solidify Meteora's core position as a liquidity infrastructure for Solana, particularly with its integration with aggregators like Jupiter, providing traders with low slippage trading and higher yields for LPs. However, the alleged market manipulation scandal surrounding the M3M3 platform that broke out in February (involving over $200 million in meme coin projects) may impact community trust, which needs to be mitigated through the development of transparent tools and public data. The introduction of the Dune dashboard will provide users with more intuitive data analysis, potentially attracting more developers and institutions to participate, but the actual effectiveness and adoption rate of the tools still need to be observed, especially considering the occasional congestion issues on the Solana network that may affect user experience.
Renzo Protocol and the DeFi treasury infrastructure provider Concrete announced a strategic partnership.
Renzo Protocol announced a strategic partnership with the DeFi vault infrastructure provider Concrete on June 19, launching a customized Restaking Vault product suite aimed at institutional users. This product combines Renzo's liquid restaking capabilities on EigenLayer with Concrete's institutional-grade smart contracts and operational systems, providing a one-stop, configurable EigenLayer access path for asset issuers, institutional investors, curators, and networks.
This collaboration marks a key step for the EigenLayer ecosystem towards institutionalization. Renzo's ezETH (liquid restaking token) has attracted over $3.8 billion in TVL (total value locked), demonstrating its leading position in the restaking market. Concrete's smart contract infrastructure provides higher security and compliance for institutions, further bridging the gap between traditional finance and DeFi.
At the same time, the expansion of non-ETH assets and cross-chain strategies still faces challenges of multi-chain interoperability and regulatory complexity, especially in the context of the US SEC increasing scrutiny on encryption assets. In the short term, this cooperation is expected to further boost Renzo's TVL and ezETH adoption rate, but the market effects and acceptance of new features such as time-locked bonds still need to be observed.
Plasma is scheduled to launch the mainnet at the end of summer.
The Plasma project plans to launch its mainnet in "late summer" of 2025, as a Bitcoin sidechain optimized for stablecoins, aiming to reshape the infrastructure for stablecoin trading. CEO Paul Faecks stated that the mainnet will support the "largest scale stablecoins" (primarily USDT), providing an efficient and low-cost transfer experience through zero-fee transactions, Bitcoin security anchoring, and EVM compatibility.
Plasma avoids the complex features found in general blockchains (like Ethereum and Solana) by focusing on stablecoin payment scenarios, optimizing its architecture for high throughput (thousands of transactions per second) and deep liquidity integration. Previously, Plasma raised $1 billion through the presale of XPL tokens, demonstrating high market recognition of its vision, with investors including Tether CEO Paolo Ardoino and Peter Thiel.
Meanwhile, the success of Plasma still faces challenges. Although its focus on stablecoins is unique, competition with Ethereum (where USDT circulation dominates) and Tron (with stablecoin trading volume exceeding $10 trillion in 2024) is inevitable. The "network effect" emphasized by Faecks means that Plasma needs to quickly integrate the payment stack (such as traditional financial companies and stablecoin issuers) to capture market share. In addition, regulatory compliance (such as reserve requirements and AML requirements under the US GENIUS Act) must be completed before the mainnet launch to ensure participation from global users.
Gate Launchpool
New Listing Details
Project Introduction
Matchain, as a decentralized artificial intelligence (AI) blockchain based on the BNB chain, focuses on decentralized identity (DID) and data sovereignty. Through its core product MatchID, it plans to introduce over 500 million users, showcasing its scalability and ambition in the Web3 ecosystem. It utilizes zero-knowledge proofs (ZKP) and homomorphic encryption technology, combining AI algorithms to integrate identity data from Web2 (such as social media) and Web3 (such as multi-chain wallets) to create a unified cross-chain identity system that empowers users with complete control and monetization capabilities over their personal data.
Reference Materials:
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