BTC (-0.02% 丨 Current price 109,603 USDT): BTC fell into consolidation again after a strong counteroffensive yesterday, briefly falling below $109,000 during the session. On Tuesday, the BTC ETF saw an inflow of $94.5 million, of which Ark ARKB saw an inflow of $20.3 million and Fidelity FBTC saw an inflow of $67.1 million.
ETH (+3.00% | Current Price 2,778 USDT): ETH followed the market's strong rebound yesterday and is currently consolidating around 2,800 USD. The ETH/BTC exchange rate has risen to 0.025; ETH's market share has increased to 9.87%. On Tuesday, ETH ETF recorded a net inflow of 44.4 million USD, with Fidelity FETH inflowing 26.3 million USD and Grayscale ETH inflowing 9.7 million USD. The ETH ETF has achieved net inflows for 16 consecutive working days.
Altcoins: Market sentiment has improved, with most sectors experiencing a rebound. The fear and greed index has risen to 65, indicating a notable increase in market sentiment.
Macro: At the close of trading on Tuesday, the three major indexes rose collectively, all hitting new highs in at least three months. The Dow Jones rose 0.25%, the S&P 500 added 0.55%, and the Nasdaq Composite added 0.63%. Among them, the S&P 500 and the Nasdaq both achieved three consecutive positives, and investors are closely watching the progress of the Sino-US negotiations. As of 11:00 a.m. (UTC+8) on June 11, spot gold was trading at $3,339.46 per ounce, down 0.5% in 24 hours.
Trending Tokens on Juejin
RPL Rocket Pool (+19.83%, circulating market cap 156 million USD)
According to Gate.io market data, the current price of the RPL token is $7.183, with a 24-hour increase of 19.83%. The current circulating market cap of RPL is $156 million.
Rocket Pool (RPL) is an open-source Ethereum decentralized staking protocol that focuses on providing decentralized PoS (Proof of Stake) infrastructure services. RPL adopts Ethereum's PoS consensus mechanism, allowing users to participate in network validation by staking ETH and earning staking rewards. Rocket Pool, through its unique node-running network, enables individuals and organizations to participate in staking with a low entry barrier without running a full validating node. Users can pay protocol fees, participate in governance, and incentivize node operators using RPL tokens, and the ecosystem supports the creation and management of decentralized staking pools, widely used in DeFi and the Ethereum ecosystem.
The recent strong price performance of RPL is mainly driven by two factors: first, as an important infrastructure of the Ethereum ecosystem, the price trend of RPL is highly correlated with the market performance of Ethereum (ETH), because its decentralized staking protocol directly relies on the Ethereum PoS mechanism, and when funds flow into the Ethereum ecosystem, the demand for low-threshold staking in Rocket Pool surges. It is supported by the recent rise in the price of Ethereum. Second, Rocket Pool's continuous optimization and technology upgrades in the decentralized staking space (such as the Atlas upgrade) have enhanced the attractiveness and usage of the protocol and stimulated market demand. At present, RPL is showing a steady upward trend, and the market attention continues to increase.
UNI Uniswap (+ 16.87%, circulating market cap 4.952 billion USD)
According to Gate.io market data, the current price of the UNI token is 8.305 dollars, with a 24-hour increase of 16.87%. The current circulating market value of UNI is 4.952 billion dollars.
Uniswap (UNI) is an open-source decentralized trading protocol based on the Ethereum blockchain that focuses on automated market making (AMM) and decentralized finance (DeFi) applications. UNI uses Ethereum's PoS consensus mechanism and leverages the automated market maker model to support users to swap tokens through liquidity pools, eliminating the need for a traditional order book. Uniswap supports dozens of transactions per second, and the transaction confirmation time depends on the Ethereum network (about 15 seconds to a few minutes), with efficient token trading and liquidity provision. Users can participate in protocol governance, pay part of fees, and incentivize liquidity providers through UNI tokens, and the ecosystem supports decentralized trading, liquidity mining, and DeFi innovation, which is widely used in token trading and DeFi ecology. Uniswap emphasizes decentralization and community-driven, no pre-mining and no ICO, and is committed to fair distribution, which is favored by DeFi developers and investors.
As the core DeFi protocol of the Ethereum ecosystem, UNI's price trend is highly correlated with the market performance of Ethereum (ETH), and the recent rise in Ethereum price has provided strong support for it. Secondly, the launch of Uniswap V4 and the continuous optimization of the protocol have enhanced transaction efficiency and user experience, further stimulating market demand. Recently, Unichain has surpassed Ethereum to become the main chain of Uniswap V4, with 95% lower transaction costs, 1-second block time and $45 million incentive plan, accounting for 75% of the transaction volume, exceeding 40 billion in 4 months, and the ecological active address and TVL continue to reach new highs.
SSV SSV Network (+15.98%, circulating market value 79.74 million USD)
According to Gate.io market data, the current price of SSV token is 11.38 dollars, with a 24-hour increase of 15.98%. The current circulating market value of SSV is 79.74 million dollars.
SSV Network (SSV) is an open-source decentralized staking protocol for Ethereum, focusing on providing secure and robust solutions for ETH staking through Secret Shared Validators technology. SSV adopts Ethereum's PoS consensus mechanism, achieving decentralized staking management by splitting validator keys among untrusted nodes or operators. The protocol supports efficient validator operation and maintenance, with transaction confirmation times dependent on the Ethereum network (approximately 15 seconds to several minutes), offering high security and flexibility.
The price trend of SSV is highly correlated with the market performance of Ethereum (ETH), as its distributed validator technology (DVT) directly serves the core demand for Ethereum PoS staking. Recently, the rise in Ethereum's price and the surge in staking demand have driven the usage and token demand for SSV, with the increase in Ethereum's price providing strong support for it. Additionally, the brand upgrade and technical optimization of the SSV Network (such as higher security and decentralization features) have further enhanced the attractiveness of the protocol.
Alpha Interpretation
Sonic cumulative transaction count exceeds one hundred million
On June 10, 2025, Sonic officially announced that the cumulative number of transactions on its blockchain network had officially surpassed 100 million. This achievement marks Sonic's rapid rise and widespread adoption as an emerging Layer 1 blockchain worldwide. According to official data released by the Sonic Foundation on June 8, 2025, the number of on-chain transactions has reached 102 million since the launch of the Sonic mainnet, with daily transaction volumes showing a continuous growth trend, reflecting that its technical advantages of high throughput, low cost, and high scalability are gradually translating into actual preference from users and developers.
Sonic blockchain's total transaction count has surpassed 100 million, with Sonic blockchain exceeding 100 million transactions. Thanks to its high-performance Layer 1 network and cost advantages, FoMoney's full-chain games have attracted over a million players, while Chaos Finance and Chillonic have driven a surge in DeFi and NFT trading. Surpassing 100 million transactions highlights its market competitiveness, and future technology upgrades and cross-chain plans will further propel it to become an important infrastructure for Web 3.
SEC requires Solana ETF applicants to update S-1 filings.
Around June 10, 2025, the SEC required several institutions applying to issue Solana spot exchange-traded funds (ETFs) to submit revised S-1 forms within the next week to advance the review process. According to a notice released by the SEC on June 9, 2025, institutions such as VanEck, 21Shares, and Bitwise need to update the wording in their S-1 documents regarding the physical redemption mechanism and Solana staking to comply with regulatory requirements. Since VanEck and other institutions submitted their first batch of Solana ETF applications in June 2024, the SEC has accepted the relevant 19b-4 forms in May 2025 and initiated a formal review.
The SEC has requested Solana ETF to update its documents, marking a critical stage in the approval process. The revised S-1 form needs to clarify the compliance of the staking mechanism, indicating the SEC's open attitude towards the Solana ecosystem. Thanks to the pro-crypto policies of the new SEC Chairman Paul Atkins, the probability of Solana ETF approval has significantly increased, with approval expected as early as July 2025. This move will further promote the integration of the Solana ecosystem into mainstream financial markets, bringing more compliant funds into the blockchain industry.
xAI, a subsidiary of Musk, has established a partnership with Polymarket.
On June 11, 2025, Elon Musk's artificial intelligence company xAI officially announced on the X platform (formerly Twitter) that it has established a partnership with the decentralized prediction market platform Polymarket. The aim of this collaboration is to integrate Polymarket's prediction data, social data from the X platform, and the AI analytical capabilities of xAI's intelligent assistant Grok to jointly create a data-driven "truth engine" to enhance insights into global events and trends.
The partnership also sends a clear signal that Web 3 technologies are entering the mainstream technology stack, no longer confined to finance or crypto, but are playing an increasingly important role in information consumption, social judgment, and user engagement. xAI collaborates to enhance Grok's predictive capabilities, expand Web 3 use cases, and enhance brand influence. Polymarket expanded its user base with X-platform traffic, combined with Grok to improve data credibility, and avoided regulatory pressure through stablecoin settlement. The collaboration is driving the convergence of AI and Web 3 to usher in a new era of verifiable insights.
Gate Launchpool
IPO details
Subscription Project: Fly.trade
Token Name: FLY
New application time: Until June 15, 2025 20:00 (UTC+8)
Participation method: Stake GT, BTC
Total airdrop: 1233,344 FLY
Project Introduction
Fly.trade is an advanced cross-chain liquidity aggregator designed to provide efficient and convenient token swap solutions for traders, decentralized protocols, and agents. It integrates liquidity pools from multiple blockchain networks, optimizes trading paths, reduces slippage and transaction costs, ensuring that users can seamlessly exchange assets across different chains. The core advantage of Fly.trade lies in its smart routing algorithm, which can analyze market data in real-time and dynamically select the optimal trading channel, thereby providing users with highly competitive prices and fast trade execution.
Reference Material:
[Gate Academy](https://www.gate.com/learn/category/research) is a comprehensive blockchain and cryptocurrency research platform that provides readers with in-depth content, including technical analysis, hot insights, market reviews, industry research, trend forecasting, and macroeconomic policy analysis.
Disclaimer
Investing in the crypto market involves high risks, and users are advised to conduct independent research and fully understand the nature of the assets and products they purchase before making any investment decisions. Gate does not bear any responsibility for any losses or damages resulting from such investment decisions.
The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
Gate Research Institute: Sonic's cumulative transaction count exceeds 100 million | SEC requires Solana ETF applicants to update S-1 filing
Crypto Market Overview
BTC (-0.02% 丨 Current price 109,603 USDT): BTC fell into consolidation again after a strong counteroffensive yesterday, briefly falling below $109,000 during the session. On Tuesday, the BTC ETF saw an inflow of $94.5 million, of which Ark ARKB saw an inflow of $20.3 million and Fidelity FBTC saw an inflow of $67.1 million.
Trending Tokens on Juejin
RPL Rocket Pool (+19.83%, circulating market cap 156 million USD)
According to Gate.io market data, the current price of the RPL token is $7.183, with a 24-hour increase of 19.83%. The current circulating market cap of RPL is $156 million.
Rocket Pool (RPL) is an open-source Ethereum decentralized staking protocol that focuses on providing decentralized PoS (Proof of Stake) infrastructure services. RPL adopts Ethereum's PoS consensus mechanism, allowing users to participate in network validation by staking ETH and earning staking rewards. Rocket Pool, through its unique node-running network, enables individuals and organizations to participate in staking with a low entry barrier without running a full validating node. Users can pay protocol fees, participate in governance, and incentivize node operators using RPL tokens, and the ecosystem supports the creation and management of decentralized staking pools, widely used in DeFi and the Ethereum ecosystem.
The recent strong price performance of RPL is mainly driven by two factors: first, as an important infrastructure of the Ethereum ecosystem, the price trend of RPL is highly correlated with the market performance of Ethereum (ETH), because its decentralized staking protocol directly relies on the Ethereum PoS mechanism, and when funds flow into the Ethereum ecosystem, the demand for low-threshold staking in Rocket Pool surges. It is supported by the recent rise in the price of Ethereum. Second, Rocket Pool's continuous optimization and technology upgrades in the decentralized staking space (such as the Atlas upgrade) have enhanced the attractiveness and usage of the protocol and stimulated market demand. At present, RPL is showing a steady upward trend, and the market attention continues to increase.
UNI Uniswap (+ 16.87%, circulating market cap 4.952 billion USD)
According to Gate.io market data, the current price of the UNI token is 8.305 dollars, with a 24-hour increase of 16.87%. The current circulating market value of UNI is 4.952 billion dollars.
Uniswap (UNI) is an open-source decentralized trading protocol based on the Ethereum blockchain that focuses on automated market making (AMM) and decentralized finance (DeFi) applications. UNI uses Ethereum's PoS consensus mechanism and leverages the automated market maker model to support users to swap tokens through liquidity pools, eliminating the need for a traditional order book. Uniswap supports dozens of transactions per second, and the transaction confirmation time depends on the Ethereum network (about 15 seconds to a few minutes), with efficient token trading and liquidity provision. Users can participate in protocol governance, pay part of fees, and incentivize liquidity providers through UNI tokens, and the ecosystem supports decentralized trading, liquidity mining, and DeFi innovation, which is widely used in token trading and DeFi ecology. Uniswap emphasizes decentralization and community-driven, no pre-mining and no ICO, and is committed to fair distribution, which is favored by DeFi developers and investors.
As the core DeFi protocol of the Ethereum ecosystem, UNI's price trend is highly correlated with the market performance of Ethereum (ETH), and the recent rise in Ethereum price has provided strong support for it. Secondly, the launch of Uniswap V4 and the continuous optimization of the protocol have enhanced transaction efficiency and user experience, further stimulating market demand. Recently, Unichain has surpassed Ethereum to become the main chain of Uniswap V4, with 95% lower transaction costs, 1-second block time and $45 million incentive plan, accounting for 75% of the transaction volume, exceeding 40 billion in 4 months, and the ecological active address and TVL continue to reach new highs.
SSV SSV Network (+15.98%, circulating market value 79.74 million USD)
According to Gate.io market data, the current price of SSV token is 11.38 dollars, with a 24-hour increase of 15.98%. The current circulating market value of SSV is 79.74 million dollars.
SSV Network (SSV) is an open-source decentralized staking protocol for Ethereum, focusing on providing secure and robust solutions for ETH staking through Secret Shared Validators technology. SSV adopts Ethereum's PoS consensus mechanism, achieving decentralized staking management by splitting validator keys among untrusted nodes or operators. The protocol supports efficient validator operation and maintenance, with transaction confirmation times dependent on the Ethereum network (approximately 15 seconds to several minutes), offering high security and flexibility.
The price trend of SSV is highly correlated with the market performance of Ethereum (ETH), as its distributed validator technology (DVT) directly serves the core demand for Ethereum PoS staking. Recently, the rise in Ethereum's price and the surge in staking demand have driven the usage and token demand for SSV, with the increase in Ethereum's price providing strong support for it. Additionally, the brand upgrade and technical optimization of the SSV Network (such as higher security and decentralization features) have further enhanced the attractiveness of the protocol.
Alpha Interpretation
Sonic cumulative transaction count exceeds one hundred million
On June 10, 2025, Sonic officially announced that the cumulative number of transactions on its blockchain network had officially surpassed 100 million. This achievement marks Sonic's rapid rise and widespread adoption as an emerging Layer 1 blockchain worldwide. According to official data released by the Sonic Foundation on June 8, 2025, the number of on-chain transactions has reached 102 million since the launch of the Sonic mainnet, with daily transaction volumes showing a continuous growth trend, reflecting that its technical advantages of high throughput, low cost, and high scalability are gradually translating into actual preference from users and developers.
Sonic blockchain's total transaction count has surpassed 100 million, with Sonic blockchain exceeding 100 million transactions. Thanks to its high-performance Layer 1 network and cost advantages, FoMoney's full-chain games have attracted over a million players, while Chaos Finance and Chillonic have driven a surge in DeFi and NFT trading. Surpassing 100 million transactions highlights its market competitiveness, and future technology upgrades and cross-chain plans will further propel it to become an important infrastructure for Web 3.
SEC requires Solana ETF applicants to update S-1 filings.
Around June 10, 2025, the SEC required several institutions applying to issue Solana spot exchange-traded funds (ETFs) to submit revised S-1 forms within the next week to advance the review process. According to a notice released by the SEC on June 9, 2025, institutions such as VanEck, 21Shares, and Bitwise need to update the wording in their S-1 documents regarding the physical redemption mechanism and Solana staking to comply with regulatory requirements. Since VanEck and other institutions submitted their first batch of Solana ETF applications in June 2024, the SEC has accepted the relevant 19b-4 forms in May 2025 and initiated a formal review.
The SEC has requested Solana ETF to update its documents, marking a critical stage in the approval process. The revised S-1 form needs to clarify the compliance of the staking mechanism, indicating the SEC's open attitude towards the Solana ecosystem. Thanks to the pro-crypto policies of the new SEC Chairman Paul Atkins, the probability of Solana ETF approval has significantly increased, with approval expected as early as July 2025. This move will further promote the integration of the Solana ecosystem into mainstream financial markets, bringing more compliant funds into the blockchain industry.
xAI, a subsidiary of Musk, has established a partnership with Polymarket.
On June 11, 2025, Elon Musk's artificial intelligence company xAI officially announced on the X platform (formerly Twitter) that it has established a partnership with the decentralized prediction market platform Polymarket. The aim of this collaboration is to integrate Polymarket's prediction data, social data from the X platform, and the AI analytical capabilities of xAI's intelligent assistant Grok to jointly create a data-driven "truth engine" to enhance insights into global events and trends.
The partnership also sends a clear signal that Web 3 technologies are entering the mainstream technology stack, no longer confined to finance or crypto, but are playing an increasingly important role in information consumption, social judgment, and user engagement. xAI collaborates to enhance Grok's predictive capabilities, expand Web 3 use cases, and enhance brand influence. Polymarket expanded its user base with X-platform traffic, combined with Grok to improve data credibility, and avoided regulatory pressure through stablecoin settlement. The collaboration is driving the convergence of AI and Web 3 to usher in a new era of verifiable insights.
Gate Launchpool
IPO details
Project Introduction
Fly.trade is an advanced cross-chain liquidity aggregator designed to provide efficient and convenient token swap solutions for traders, decentralized protocols, and agents. It integrates liquidity pools from multiple blockchain networks, optimizes trading paths, reduces slippage and transaction costs, ensuring that users can seamlessly exchange assets across different chains. The core advantage of Fly.trade lies in its smart routing algorithm, which can analyze market data in real-time and dynamically select the optimal trading channel, thereby providing users with highly competitive prices and fast trade execution.
Reference Material:
[Gate Academy](https://www.gate.com/learn/category/research) is a comprehensive blockchain and cryptocurrency research platform that provides readers with in-depth content, including technical analysis, hot insights, market reviews, industry research, trend forecasting, and macroeconomic policy analysis.
Disclaimer Investing in the crypto market involves high risks, and users are advised to conduct independent research and fully understand the nature of the assets and products they purchase before making any investment decisions. Gate does not bear any responsibility for any losses or damages resulting from such investment decisions.