Market Update on July 2: ETH ETF postponed until after July 8
I. Market Dynamics
1. General market trend: BTC's rebound is weak, altcoins generally fall. ETH ETF postponed until after July 8.
2. U.S stocks rise to new highs. The market begins to price in Trump's victory, supporting the dollar index to maintain a high position.
II. Market Hotspots
1. New coin ZRO rebounds. Both ZRO and ZK are not released within a year, and ZRO falls below the first-level financing market value of 3 billion US dollars after being listed.
2. BONK and BILLY on Solana chain surge, both are dog-themed Memes. BILLY has reached a market value of 100 million US dollars, showing great potential to become the trend of the new round of "hat dogs". Currently, CEX's trading volume has fallen back to last year's end level while DEX’s trading volume still maintains indicating that money-making opportunities mainly lie on-chain.
3.After L2’s BLAST was air-dropped it fell by 30%, TVL decreased by 25%. In July there will be over $3 billion unlocked across industries in total.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.