Suehyeon Lee

According to the Token Mindshare, a metric that quantifies the influence of specific tokens in the crypto market, from the AI-based Web3 search platform Kaito, the top five crypto-related keywords currently attracting the most attention on the 6th are Verachain (BERA), MegaETH, Kaito, Jupiter (JUP), and Arbitrum (ARB). Verachain is gaining attention with its mainnet launch and listing on major exchanges like Binance, Bybit, and Bithumb. An anonymous crypto analyst, hitesh.eth, predicted on his X (formerly Twitter) that Verachain's price could range between $10 to $15 in a good scenario and $5 to $10 in a bad one. MegaETH is drawing interest with its announcement of a public testnet launch. Earlier, Elon Lee, a MegaETH developer, announced on X that the public testnet would be launched in 30 days. Kaito has caught the attention of investors with its launchpad event, where promising projects are voted on. Voting takes place every Monday, Wednesday, and Friday, and lasts for seven days. The top project is featured on the Yapper Leaderboard after seven days. Jupiter saw an increase in online mentions after its official X account was reportedly hacked this morning. WuBlockchain reported, "Jupiter's X account is suspected to have been hacked, with a large number of token contract addresses (CA) disclosed," warning users to be aware of potential risks. In response, JupiterDAO stated on X, "It seems Jupiter's official X account has been hacked. Do not copy and paste the disclosed token CAs or click on any links." Arbitrum recently announced its integration of the Layer 2 solution 'Arbitrum One' with the Bitcoin network, drawing attention. This integration is made possible through collaboration with the smart contract operating system BitcoinOS (BOS). With this integration, Arbitrum can provide an expansion solution that combines Ethereum's smart contract functionality with Bitcoin's security. Additionally, investors are showing interest in FOMO, Optimism (OP), Ronin (RON), BIS, and Sonic (S).

The US Ethereum (ETH) spot ETF continued its positive trend with an inflow of over $18 million yesterday. According to Trader T on the 6th (local time), the US Ethereum spot ETF recorded an inflow of $18.11 million the previous day. This is approximately 26.2 billion KRW. On this day, only Fidelity FETH saw an inflow of $20.06 million, and Grayscale Mini ETH recorded an inflow of $5.21 million. In contrast, Grayscale ETHE saw an outflow of $7.16 million, with no net inflow or outflow in other products.

The US Bitcoin (BTC) spot ETF recorded a net inflow of over $60 million yesterday. According to Trader T on the 6th (local time), the US Bitcoin spot ETF saw a net inflow of $66.37 million (approximately 96.1 billion KRW) yesterday. This marks the second consecutive trading day of net inflows. On this day, BlackRock IBIT alone saw a net inflow of $44.34 million, while Fidelity FBTC had a net inflow of $10.65 million. Additionally, WisdomTree BTCW experienced a net inflow of $11.38 million, with no net inflow or outflow for the remaining products.

It appears that Bitcoin (BTC) whales are taking advantage of the downtrend to accumulate more Bitcoin. On the 6th (local time), Santiment reported via X (formerly Twitter) that "Bitcoin whale addresses are accumulating more during the volatile downtrend. Meanwhile, small traders entering the market for the first time in six months are being liquidated due to volatility." According to Santiment, in February, the number of addresses holding 100 BTC or more increased by 135, while those holding less than 100 BTC decreased by 138,680. Santiment added, "When whales absorb the supply, it creates ideal conditions for market capitalization to rise, even if it takes weeks or months for the price to increase."

Eric Trump, the son of former U.S. President Donald Trump, has made headlines by mentioning Bitcoin (BTC). On the 6th (local time), Eric Trump stated on his X (formerly Twitter) that "now is a good time to buy Bitcoin." Previously, on the 4th, he also mentioned buying Ethereum (ETH). Meanwhile, Bitcoin is currently trading at $97,262.51 on CoinMarketCap, down 0.57% from the previous day. Ethereum is trading at $2,793.18, up 2.61% from the previous day.

There is a forecast that Solana's market capitalization and price will rise by the end of this year. According to CryptoSlate on the 6th (local time), VanEck recently reported that "Solana accounts for 15% of the smart contract platform (SCP) market capitalization, and this figure is expected to increase to 22% by the end of 2025." The report further predicted that "this could lead Solana's price to rise to $520." Meanwhile, Solana is currently trading at $199.03 on CoinMarketCap, down 3.79% from the previous day.

The Solana-based DeFi platform Jupiter's official X (formerly Twitter) account is suspected to have been hacked, urging caution. On the 6th (local time), WuBlockchain reported on X, "Jupiter's X account is suspected to have been hacked, and a large number of token contract addresses (CA) have been disclosed." It further warned, "Users need to be aware of potential risks."

Strategy (formerly MicroStrategy) recorded a remarkable Bitcoin (BTC) return last year. According to Wu Blockchain on the 6th (local time), Strategy announced in its Q4 2024 earnings report that it achieved a 74.3% Bitcoin return last year. Strategy currently holds 471,107 BTC (approximately $45 billion) and aims to increase its Bitcoin holdings by about $10 billion this year. Meanwhile, the company announced that it has changed its name from MicroStrategy to Strategy.

US ETF manager Amplify has submitted an application for a Bitcoin (BTC) call option investment product. On the 6th (local time), Eric Balchunas, a Bloomberg analyst, shared on his X (formerly Twitter) that "Amplify has submitted an application for the 'Bitcoin Premium Income ETF (BITY)', which invests about 10% of its assets in Bitcoin call options." He further explained, "The YBIT, which has been operating for 10 months, holds $121 million in assets under management and has a return of 65%. However, it is lagging behind BlackRock's Bitcoin spot ETF, IBIT, in terms of returns."

Solana app revenue saw a significant increase in the fourth quarter of last year. According to a report by Messari, cited by Cointelegraph on the 6th (local time), Solana app revenue reached $840 million in the fourth quarter of last year. This is a 213% increase compared to the previous quarter. Previously, Solana app revenue recorded $268 million in the third quarter of last year. The increase in revenue is attributed to the rise in meme coin trading. Meanwhile, when looking at monthly revenue for the fourth quarter of last year, November had the highest revenue at $367 million.

MetaPlanet, which models itself after Japan's MicroStrategy, is seeking to raise funds to increase its Bitcoin (BTC) holdings. On the 28th (local time), MetaPlanet announced via its official X (formerly Twitter) that it will issue new stock options to raise up to 116 billion yen (approximately $745 million) to purchase Bitcoin. This is described as the largest Bitcoin purchase funding in the history of the Asian stock market. Additionally, MetaPlanet stated, "We plan to increase our Bitcoin holdings to 10,000 by the end of this year and to 21,000 by next year."

It has been revealed that an address suspected to belong to the Bhutan government transferred Ethereum (ETH) worth $1.58 million to BitGo. According to Arkham Intelligence data on the 28th (local time), the address suspected to be from the Bhutan government transferred 495 ETH ($1.58 million) to BitGo an hour ago. Previously, on the 17th, the Bhutan government transferred 633 BTC ($64.57 million) to two anonymous addresses, which is speculated to be a transfer to Binance.

Recently, an analysis suggested that the decline in Bitcoin (BTC) will not last long. On the 28th (local time), Matt Hougan, Chief Investment Officer (CIO) of Bitwise, stated on his X (formerly Twitter) that "over the past decade, when the S&P500 Index (SPX) fell by more than 2%, Bitcoin fell by an average of 2.62%." He continued, "A year later, Bitcoin rose by an average of 189%, while gold rose by 7%. The current situation is not much different. Bitcoin will be in a downward trend in the short term, but will rise in the long term."

The state of Arizona in the United States has approved a bill to introduce a Bitcoin (BTC) strategic reserve. According to Crypto Briefing on the 28th (local time), the Arizona State Senate Finance Committee passed the 'Strategic Bitcoin Reserve Bill (SB1025)' the previous day. This bill introduces a Bitcoin strategic reserve at the state government level, allowing up to 10% of public funds to be invested in virtual assets (cryptocurrencies).

Brad Garlinghouse, the CEO of Ripple, expressed his views on the U.S. government's reserve of cryptocurrencies. On the 28th (local time), Garlinghouse stated on his X (formerly Twitter), "If the U.S. government adopts cryptocurrencies as a strategic reserve, it should include not only Bitcoin (BTC) but also Ripple and other cryptocurrencies." He further explained, "We live in a multi-chain world, and I have always supported a level playing field among tokens. I believe that the government's cryptocurrency reserves should represent the industry, not just one token."

The US Ethereum (ETH) spot ETF recorded an outflow of over $100 million yesterday. According to Passide Investor on the 28th (local time), the US Ethereum spot ETF saw an outflow of $136.2 million the previous day. This is equivalent to approximately 197.2 billion KRW. On this day, only BlackRock ETHA recorded an inflow of $20.7 million. Meanwhile, Fidelity FETH saw an outflow of $68.5 million, and Bitwise ETHW also recorded an outflow of $4.2 million. Grayscale ETHE also recorded an outflow of $84.2 million, while the other products had no net inflow or outflow.

According to the top gainers in Token Mindshare, a metric quantifying the influence of specific tokens in the crypto market by the AI-based Web3 search platform Kaito, the top five crypto-related keywords currently attracting the most attention on the 28th are Abstract, Bitcoin (BTC), Ethereum (ETH), OpenSea, and UFD. The blockchain network Abstract Chain has seen an increase in online mentions today with the launch of its mainnet. Previously, Abstract gained attention by adopting Circle's Bridge USDC Standard. Bitcoin has been drawing attention with its recent downward trend. The previous day, the U.S. Bitcoin spot ETF recorded a net outflow of $457.95 million, marking the fifth-largest outflow in history. Currently, Bitcoin is trading at $102,694.91, up 0.07% from the previous day on CoinMarketCap. Ethereum has been in the spotlight recently as World Liberty Financial, led by the Trump family, has been actively purchasing it. World Liberty Financial reportedly bought 39,242 ETH (worth approximately $129.95 million) over the past week. The average purchase price is identified as $3,312. Ethereum is currently trading at $3,206.49, up 1.35% from the previous day on CoinMarketCap. The NFT marketplace OpenSea is speculated to have drawn attention by releasing the OpenSea2 beta version to Genesis NFT holders recently. Lastly, the Solana-based meme coin UFD has seen increased investor interest following its listing on exchanges like Bitget. Currently, UFD is trading at $0.1424, down 14.29% from the previous day on CoinMarketCap. Additionally, investors are also showing interest in USD Coin (USDC), Toncoin (TON), Multiplier, FOMO, and Tether (USDT).

The US Bitcoin (BTC) Spot ETF recorded a net outflow of over $400 million the previous day. On the 28th (local time), according to Trader T, the US Bitcoin Spot ETF saw a net outflow of $457.95 million (approximately 661 billion KRW) the previous day. This marks the fifth largest outflow since trading began. Meanwhile, BlackRock IBIT added $63.47 million, making it the only product to record a net inflow. Fidelity FBTC experienced the largest net outflow with $268.59 million, followed by Grayscale GBTC with a net outflow of $108.47 million. Additionally, Bitwise BITB recorded a net outflow of $88.57 million, ARK Invest ARKB $50.11 million, and VanEck HODL $5.68 million. Other products had no net inflow or outflow.

An Australian asset management company has submitted an application for a Litecoin (LTC) spot ETF. On the 28th (local time), Monochrome announced via X (formerly Twitter) that it had submitted a Litecoin spot ETF application to the Chicago Board Options Exchange (CBOE) Australia. Previously, Monochrome began trading a Bitcoin spot ETF in Australia in June last year and launched an Ethereum spot ETF in November.

World Liberty Financial (WLFI), a DeFi protocol led by the family of Donald Trump, has been actively purchasing Ethereum (ETH) over the past week. According to Spot On Chain on the 28th (local time), World Liberty Financial purchased 39,242 ETH (worth approximately $129.95 million) over the past week. Meanwhile, the average purchase price of Ethereum was $3,312, with an unrealized loss currently amounting to approximately $5.12 million.

It has been revealed that the American asset management company, Tuttle Capital, has applied for 10 leveraged crypto asset (cryptocurrency) ETFs. On the 28th (local time), James Seyffart, a Bloomberg analyst, reported on X (formerly Twitter) that "Tuttle Capital has just applied for 10 leveraged crypto asset ETFs. These include several meme coins and assets that do not yet have an ETP." Notably, it is understood that products related to the meme coins Trump (TRUMP) and Melania (MELANIA), recently launched by the Donald Trump family, are included.