[Today's Global Coins of Interest] MagicNewton, Bitcoin, Solana, and More

Doohyun Hwang

Summary

According to Kaito's Token Mindshare, MagicNewton, Bitcoin, OKB, Solana, and Symphony have been cited as major coins of interest.
Bitcoin has experienced corrections due to Middle Eastern instability, but on-chain selling pressure remains low, while institutional investor buying and regulatory positives continue to accumulate.
VanEck registered a Solana ETF product with the U.S. Depository Trust & Clearing Corporation, raising the possibility of a July launch, but the Solana price has fallen 14% over 7 days.

According to Kaito, an AI-based Web3 search platform, the top five keywords in the virtual asset sector that people are currently most interested in—based on Token Mindshare (a metric that quantifies the influence of specific tokens in the virtual asset market)—as of the 20th, are MagicNewton (NEWT), Bitcoin (BTC), OKB, Solana (SOL), and Symphony (SYMPHONY).

Ranked first is MagicNewton by AutoFi. MagicNewton is a protocol designed to easily handle complex blockchain tasks on behalf of users. Instead of traditional smart contracts, it operates based on smart accounts (EIP-4337). By automatically checking and executing conditions, it enhances user convenience. MagicNewton's token issuance is scheduled for next week.

Bitcoin is currently trading sideways at around $104,000, undergoing corrections amid external challenges such as instability in the Middle East. Although the deepening conflict between Iran and Israel has increased selling pressure, on-chain indicators show that selling is not significant. There is continued buying interest from institutional investors as well. On this day, the U.S. Nasdaq-listed company Semler Scientific announced, "We aim to hold 100,000 Bitcoins within 3 years," drawing attention. Additionally, positive institutional news includes the passage of the 'Bitcoin Reserve Establishment Bill' in the Senate of the State of Arizona in the U.S.

Expectations also remain high for Solana (SOL), a major asset alongside Ethereum (ETH). VanEck has registered a Solana ETF product with the U.S. Depository Trust & Clearing Corporation (DTCC) under the ticker 'VSOL,' raising the possibility of its launch as early as July. However, the recent price trend has been disappointing. Solana has fallen 14% over the past 7 days and is currently trading at $145.36, down 0.85% from the previous day, in the Binance USDT market.

In addition, investors are showing interest in Symphony, Aptos (APT), Ethereum, and Toncoin (TON).