Bitget Daily Digest (6.27)｜Fed Officials Dampen Rate Cut Hopes; Grayscale Q3 Top 20 Rotation: AVAX, MORPHO Added, LDO, OP Dropped

Today’s Preview

1. The US Core PCE Price Index YoY for May will be announced today (previous: 2.50%).
2. The final reading of the University of Michigan Consumer Sentiment Index for June will be released today (previous: 60.5).
3. LayerZero completes its second protocol fee switch vote.
4. Yield Guild Games (YGG) will unlock approximately 14.08 million tokens, accounting for 2.68% of circulating supply.
5. Moonveil launches $MORE TGE and opens the eligibility check page for airdrop participants.
6. Decentralized content distribution network Pipe launches its token sale on CoinList.

Macro Hot Topics

1. Iranian foreign minister: Iran currently has no plans to resume nuclear talks. On the 26th, Iran’s Foreign Minister Aragchi stated that Iran currently has no plans to restart nuclear negotiations. He emphasized that speculation about talks should not be overblown and clarified no agreement, arrangement, or dialogue has been made or planned.
2. Several Hong Kong brokerages (such as Victory Securities [8540.H] and iFAST Securities) have completed Type 1 license upgrades, with more institutions expected to join. Guotai Junan International is not the only Chinese-backed brokerage applying for a license. Most of their business is “distribution” service, not the operation of an exchange. Practically, they set up “Omnibus Accounts” within licensed exchanges (for BTC, ETH, etc.), not high-risk memecoins. These brokers have similar requirements to Guotai Junan International in KYC, compliance, and do not allow Mainland Chinese residents to participate.
3. $$15 billion in nominal BTC options will expire today, with max pain at$$102,000. Over $17 billion in BTC/ETH options expire today, the largest single expiry this year: BTC ($15B nominal, 0.74 put/call ratio, max pain $102K); ETH ($2.3B nominal, 0.52 put/call, max pain $2,200).
4. India’s ruling party spokesman calls for a sovereign Bitcoin reserve pilot. Pradeep Bhandari of BJP wrote in India Today calling for a pilot Bitcoin reserve. He points to the US and Bhutan as global crypto leaders and notes India’s high crypto taxes but lack of regulation, calling for a strategic, modern move using renewable energy for a sovereign BTC reserve.
5. Grayscale Q3 Top 20: AVAX, MORPHO Added; LDO, OP removed. Grayscale Research added Avalanche (AVAX) and Morpho (MORPHO) due to increased on-chain activity and decentralized lending growth; Lido DAO (LDO) and Optimism (OP) dropped due to competition and uncertain token income distribution.

Market Overview

Institutional Views

News Updates

1. Central Bank of Brazil launches public consultation on virtual asset accounting standards.
2. White House digital asset policy advisor: US is laying the groundwork for a strategic Bitcoin reserve.
3. Senate Banking Committee chair: Crypto market structure bill to be finished by September 30.
4. New York judge rejects the SEC-Ripple joint settlement request.
5. US House passes a bill instructing the Commerce Department to promote blockchain technology.
6. More Hong Kong brokerages complete Type 1 license upgrades, more to follow.
7. Indian ruling party spokesman calls for a sovereign Bitcoin reserve pilot.

Project Developments

1. Bitwise submits amended S-1 for spot DOGE and Aptos ETFs to SEC, adds in-kind creation/redemption language.
2. LGHL completes first HYPE token purchase, worth $2M.
3. Aqua 1 announces $100M strategic investment in WLFI governance token.
4. Data: Ethereum ecosystem generated $7.3B in fee revenue over the past year; Tether, Circle, and Lido are top three.
5. Ethena Labs reveals USDe token holder redemption details.
6. SOL Strategies launches ecosystem reserve plan, with first acquisition of 52,181 JTO.
7. ApeCoin DAO dissolution proposal AIP-596 closes voting, with a 99.66% approval rate.
8. PlanB: Bitcoin RSI hits 70.
9. Grayscale Q3 Top 20: AVAX, MORPHO in; LDO, OP out.
10. Movement buyback address withdraws 83M MOVE, about 54% of total buyback completed.

X Highlights

1. Phyrex: Market focus shifts to tariffs, BTC broadly steady No major news today; attention moves from Middle East war to tariff developments. Though the war continues, oil is stable with limited inflation impact. Trump claims an undisclosed deal with China, EU mulls US tariff cuts, and White House may delay July reciprocal tariffs. BTC turnover continues to drop as price consolidates; short-term traders dominate as early holders watch. $93K–98K on-chain support holds; $100.5K–105K showing signs of exit. Without new catalysts, range-bound trading likely continues. Original: https://x.com/Phyrex_Ni/status/1938342496276529191
2. BroLeonAus: Can leading coins’ “mini-Strategy” stocks replicate the MSTR miracle? It’s all about trust and financing capacity Recently, ETH, SOL, BNB have seen “mini-Strategy” companies mimicking MSTR by buying large crypto positions to hype their stock. SBET’s ETH buy triggered fresh hype and debate. MSTR became “BTC leverage stock” when it owned 0.16–0.2% of BTC’s circulating supply, flipping market trust and sparking FOMO after it announced “unlimited convertible note buying.” Once Wall Street and retail bought in, the “Davis double flywheel” (buy crypto + refinance to buy more) kicked in. SBET holds just 0.159% of ETH supply, but trust hasn’t flipped. ETH needs to cross 0.48% of supply and keep refinancing to win market trust. SOL, BNB, and others are similar—real, repeated financing and buying must convince the market. Short-term, speculation can trigger FOMO, but real cycles need multi-round financing and ambient trust, as MSTR did. For now, most “mini-Strategy” stocks are far from the MSTR effect. Original: https://x.com/BroLeonAus/status/1938057241745363086
3. Lone Crane.hl: Jump returns, Aave deploys—Aptos ecosystem’s new cycle Aptos has key shifts: inflation is falling (yield farming is over, projects/funds must work harder). Jump and others signal high-profile returns, Aave launches its first non-EVM deployment, and APT’s “blue blood” status is reinforced by new narratives of stablecoins + payment/settlement. Hyperion’s new liquidity hub has 9-figure TVL, with OKX and Aptos Labs backing, and offers strong design, high APY, and points rewards. Regardless of risk preference, LPs in USD stablepairs, APT-lst, xBTC, or high-vol pools can earn yield and points, but beware of impermanent loss, especially in narrow bands—hedging is recommended. Kaito lists Aptos content every month; by publishing good content on X about Hyperion/ecosystem projects, you can get rewards and boost your influence. After a shakeout, fresh capital and the Hyperion platform are drawing renewed attention—time to diversify and create content. Original: https://x.com/ZKSgu/status/1938145046475518103
4. sol-insider: A8’s trading core—No shortcuts, just methods：A8’s advice boils down to: timing and position sizing make or break trades.