Truth Social plans BTC-ETH ETF (75% BTC, 25% ETH); Infini ends Card services, focuses on wealth management. BTC at 107,125 USDT, ETH consolidates, altcoins mixed. PENDLE, ZKJ, HYPE shine. KAI Launchpool offers 13M SGC.

• Market Commentary: Crypto markets saw heightened volatility. Bitcoin (BTC) dipped to 103,000 USD before rebounding to 107,125 USD, likely to trade sideways short-term, with ETF net inflows of 408M USD. Ethereum (ETH) at 2,578 USD remains in consolidation, with the ETH/BTC ratio falling to 0.024. Altcoins showed mixed performance, with the Fear & Greed Index at 53, reflecting neutral-to-optimistic sentiment. Easing Middle East tensions lifted U.S. stocks, with the Nasdaq up over 1.5%, while gold and oil retreated. Markets remain resilient with institutional buying, but geopolitical and regulatory risks warrant attention.
• Top Tokens: PENDLE rose 7.17% to 4.03 USD, with over 80% of TVL in stablecoins, benefiting from stablecoin yield trends. ZKJ surged 25.52% to 0.4337 USD, with zkBridge enabling over 20M cross-chain transactions and a buyback plan boosting confidence. HYPE gained 3.19% to 43.02 USD, driven by Hyperliquid’s high-volume, low-fee L1, airdrops, and buybacks. DeFi and L1 sectors are hot, but volatility and competition risks remain.
• Alpha Insights: Backpack now supports USDC and ETH on Arbitrum, moving toward a multi-chain ecosystem with plans for more chains, enhancing competitiveness. Truth Social’s BTC-ETH ETF could mainstream crypto but faces SEC approval hurdles. Infini terminates Infini Card services, focusing on wealth management with refund commitments, needing transparent communication to rebuild trust. Multi-chain interoperability and regulatory adaptation are key; investors should monitor developments.
• Gate Launchpool: KAI Battle of Three Kingdoms token sale offers 13M SGC tokens, ending June 19, 2025, 20:00 (UTC+8). State BTC or SGC to participate for free. Combining SEGA’s Three Kingdoms IP, this strategy blockchain game uses SGC for card pack purchases and trading. Popular in Asia, it offers low-entry access to gaming profits, but investors should assess market and project risks.

Explore Today’s Highlights → Truth Social Plans BTC and ETH Dual ETF | Prominent Project Infini Announces Termination of Infini Card Services

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Gate Team
Jun 17th, 2025

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