Cryptocurrency Market Watch for June 24, 2025 1. Analysis of the overall market trend Bitcoin (BTC) started a rebound, driving altcoins to collectively overshoot and rebound. It is worth noting that institutional investors Micro Strategy only increased their holdings by 245 BTC last week, showing a cautious attitude towards increasing positions. In terms of the external environment, the U.S. stock market as a whole rose, with the Federal Reserve releasing expectations of early interest rate cuts, coupled with the easing of the situation in the Middle East and the temporary extinguishment of the war, injecting optimism into the crypto market. The stablecoin track ushered in an explosion, and the market value of Circle soared to $60 billion, achieving a 10-fold increase in half a month since its listing, becoming the focus of the market. 2. A quick overview of hot plates 1. Cross-chain and infrastructure innovation: Binance has launched the Newt project, which is jointly built by Magic Labs and Polygon Labs, focusing on a cross-chain unified network that supports a single wallet to manage multi-chain assets and balances. At the same time, the Binance wallet pre-sold XNY tokens in the first phase, and Codatta attracted attention as an AI data decentralized infrastructure. Tokens such as BR, Banana, and Tut on the BSC chain have risen significantly, among which the short fee of BR contracts has reached -0.7%, highlighting the market's bullish sentiment. 2. Stablecoin ecological expansion: Stablecoin concept tokens represented by Kaia, Sei, and LQTY have risen sharply. Kakap Pay plans to launch Korea's first social public chain stablecoin; With its technical advantages, SEI Chain was selected as a public chain for stablecoin issuance by a state in the United States, and its position in the industry was further consolidated. 3. On-chain AI explosion: As a virtual competitor, the on-chain AI launch platform BID continues to strengthen and refresh its all-time highs, and its upcoming new version will be deployed on both BSC and Base chains, triggering strong expectations for the integration of AI + blockchain. 4. Solana ecological meme boom: Solana's on-chain meme tokens Useless and Labubu performed well, among which Useless hit a record high on the Bonk platform, soaring 20 times in half a month since the bottom, becoming a short-term speculation hotspot.