Crypto Market Overview

• BTC (+4.02% | Current Price: 109,829 USDT):After a period of sideways consolidation, BTC mounted a strong rebound yesterday, briefly surpassing $111,000. Although it later dipped below this key level again, market sentiment has been triggered, which could lead to catch-up rally in other major coins. On Monday, BTC ETFs saw an inflow of $265 million—ARKB (Ark) took in $10.8 million, while Fidelity FBTC gained $173 million.
• ETH (+8.16% | Current Price: 2,708 USDT):After hovering around $2,500, ETH followed the broader market’s upward momentum. The ETH/BTC ratio rose to 0.024, ETH dominance climbed to 9.66%. On Monday, ETH ETFs had a net inflow of $17.5 million, with Fidelity FETH drawing $12.9 million and Grayscale ETH seeing $4.6 million inflows. ETH ETFs have posted net inflows for 15 consecutive trading days.
• Altcoins: With market sentiment heating up, most altcoin sectors have rebounded. The Fear & Greed Index has reached 64, indicating an obvious uptick in sentiment.
• Macro: US stocks closed mixed on Monday—Dow Jones slipped by a nominal 1.11 points, Nasdaq gained 61.28 points, and the S&P 500 index rose 5.52 points, marking its second consecutive day of gains. Investors are closely watching the progress of the China-US economic talks in London, hoping for improved global economic prospects. As of 11:00 AM (UTC+8) on June 9, spot gold was quoted at $3,307.82 per ounce, down 0.54% in 24 hours.

Trending Tokens

RVN Ravencoin (+12.25%, Circulating Market Cap: $700 Million)

According to Gate data, the current price of RVN is $0.0054, with a 24-hour increase of 31.89%. Current circulating market cap stands at $343 million.

Ravencoin (RVN) is an open-source blockchain project focused on peer-to-peer asset transfer and decentralized application development. RVN uses Proof-of-Work (PoW) consensus and the X16R algorithm, supporting up to ~1,000 transactions per second and 1-minute block confirmation times, enabling efficient asset creation and transfers. Users can use RVN tokens to pay transaction fees, participate in network maintenance, and create custom assets; its ecosystem supports issuing and managing digital assets, with widespread adoption in NFT, asset tokenization, and other fields. RVN emphasizes decentralization and open source, with no pre-mining or ICO, focusing on fair distribution, and is favored by blockchain developers and investors.

RVN’s recent significant price increase stems mainly from two factors: as a Bitcoin fork, RVN’s price is highly correlated with BTC—and Bitcoin’s recent rally has boosted RVN as well. In addition, listings on major exchanges have improved token liquidity and trading convenience, stimulating market demand. RVN is showing strong upward momentum and remains under close market watch.

ANIME Animecoin (+20.24%, Circulating Market Cap: $240 Million)

According to Gate data, ANIME is currently priced at $0.0073, up 20.24% in the last 24 hours, with a circulating market cap of $240 million.

ANIME is a blockchain-based anime ecosystem project launched in partnership by leading NFT brand Azuki and Layer2 platform Arbitrum, aiming to connect global anime fans, creators, and IP holders—building a full-stack ecosystem spanning content creation to fan engagement. ANIME leverages Arbitrum Orbit technology to build the Animechain network, offering low-cost, high-speed transactions and integrating IP management, fan data, and interoperability of on-chain assets (such as NFTs).

ANIME’s recent price surge is likely connected to its parent company’s expansion strategy in Asia; it recently announced plans to deploy Asian IP on-chain. ANIME’s current technical outlook is strong, and if the price breaks above $0.034 in the short term, further gains could follow.

KDA Kadena (+18.23%, Circulating Market Cap: $163 Million)

Gate data shows KDA trading at $0.512 with an 18.23% 24-hour gain; market cap stands at $163 million.

Kadena (KDA) is a high-performance open-source blockchain platform focused on scalable decentralized application (dApp) development. It features a unique Chainweb consensus mechanism using a multi-chain parallel architecture, capable of processing tens of thousands of transactions per second with low latency and high security. KDA tokens enable network governance, pay transaction fees, and provide access to DeFi and NFT services. Emphasizing enterprise solutions and supporting Pact smart contract language, Kadena is drawing interest from developers and institutional investors alike.

KDA’s Chainweb architecture and high performance remain in the spotlight, boosting market confidence. Its recent rally could also be driven by a newly launched staking rewards program, encouraging users to lock tokens, reducing circulating supply, and supporting the price while increasing investor enthusiasm.

Alpha Insights

BitMine Acquires 100 Bitcoins to Launch Corporate Treasury Strategy

BitMine Immersion Technologies recently announced that it has purchased 100 BTC with funds raised via a recent stock offering, officially launching its Bitcoin treasury strategy. The company views this move as an important step towards making Bitcoin a long-term investment asset and plans continued accumulation in the future, making Bitcoin a core pillar of its business strategy.

BitMine’s actions send several important signals. First, direct allocation of capital market funds into crypto assets highlights its intent to optimize its financial structure via diversified asset allocation—possibly to hedge traditional market volatility. Second, the formal adoption of a Bitcoin reserve strategy signals that the company views Bitcoin as a “digital gold” store of value, akin to the approach taken by MicroStrategy.

This move not only affirms Bitcoin’s long-term value, but may also reflect concerns about current macroeconomic factors like inflation risk and currency depreciation. Additionally, anchoring Bitcoin as a core business pillar suggests the company may allocate more resources to blockchain or the crypto sector going forward, expanding its impact in emerging fintech.

Nautilus Officially Launches on Sui Mainnet

On June 10, 2025, Nautilus officially launched on the Sui mainnet, marking a major step forward in the domain of off-chain computation. Nautilus employs Trusted Execution Environments (TEEs), initially leveraging AWS Nitro Enclaves to run off-chain logic in verifiable isolated environments, with on-chain smart contracts verifying results. This technology provides Web3 developers with a novel computational architecture balancing performance, privacy, and trust.

Off-chain computation has long faced trust issues, especially in scenarios like oracles and privacy logic, which often depend on centralized services. Nautilus offers verifiable execution using TEEs combined with on-chain verification, significantly improving reliability and user trust for decentralized applications—potentially reshaping oracles and the off-chain service landscape.

Nautilus’s launch reflects a Web3 shift toward a “high-performance off-chain + on-chain trust” hybrid architecture, likely to become mainstream in the future. As privacy and compliance demands increase, TEE applications in blockchain are expected to expand rapidly, with Nautilus well positioned to serve as a model for industry standards.

Canary Marinade Solana ETF Registered in Delaware

On June 10, 2025, crypto asset management firm Canary Capital registered the “Canary Marinade Solana ETF” in Delaware and submitted a revised S-1 filing to the SEC. Notably, the proposal explicitly includes Solana (SOL) staking, with Marinade Finance as the exclusive staking service provider—making it the first Solana ETF application in the US to incorporate staking. This allows investors to receive both SOL price exposure and staking rewards via a regulated ETF instrument.

The registration and application of the Canary Marinade Solana ETF is a major step forward for the Solana ecosystem in compliant finance, reflecting the trend of crypto ETFs evolving beyond simple price exposure to encompass yield. The inclusion of staking could set a template for future products and encourage asset managers to pursue more innovative offerings. While regulatory progress remains a key factor determining launch timelines, the market is closely watching its potential.

HODLer Airdrop

Subscription Details

• Project: Calcify Tech
• Token: CALCIFY
• Subscription Deadline: Until June 10, 2025, 15:00 (UTC+8)
• How to participate: Stake GT
• Total Airdrop: 1,041,667 CALCIFY

Project Introduction

Calcify Tech is a decentralized compute resource marketplace that offers users fair, transparent, on-demand access to GPU, CPU, and memory via smart contracts. Designed for AI developers, Web3 projects, and enterprise users, Calcify eliminates middlemen to provide scalable and cost-effective computational power. Through its token incentive model, Calcify encourages users to share idle computing resources for profit. Unlike traditional cloud services, Calcify offers permissionless, programmable, and verifiable access, empowering real-world AI and blockchain tasks. The project aims to become the execution layer for Web3, achieving global, secure, decentralized, and autonomous task fulfillment.


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.