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Gate Research Institute recently released the market report titled "June Market Structural Adjustment, Funds Concentrated on Impulsive Volume Opportunities," indicating that in June 2026, the cryptocurrency market weakened again under the multiple influences of macro pressure, institutional capital outflows, and a decline in risk appetite.From the market structure perspective, June did not see a widespread recovery, but rather a localized profit effect driven by a few long-tail assets. About 71% of the top 500 tokens recorded a decline, with only a quarter achieving an increase. BTC, ETH, and most mainstream assets faced pressure simultaneously, while low market cap tokens like CYDX, ANSEM, VELVET, SYN, and CX recorded increases of several times or even hundreds of times due to event catalysts and capital speculation, significantly raising the overall average returns.Volume analysis shows that the average trading volume amplification factor for 450 valid samples is 2.54x, with a median of only 0.49x. Only 17 tokens had a volume increase of more than 3 times, and 8 tokens exceeded 10 times. TEMPLE (289.05x), CX (259.13x), and MTBILL (128.15x) ranked at the top of the volume list.Overall, the market in June is still in a phase of shrinking risk appetite, and true recovery signals still need to be observed in the stabilization of leading assets like BTC and ETH, as well as the re-diffusion of funds from long-tail speculation back to mainstream assets.

According to CoinDesk, Runestone co-founder Leonidas announced that it is launching an open-source Bitcoin client called DOG Mode, aimed at bypassing BIP 110's restrictions on non-financial data. DOG Mode will increase the maximum weight unit for standard transactions from 400,000 to 3,900,000, close to the entire block capacity, and will reduce the dust limit from 294 to 546 satoshis down to 1 satoshi. Leonidas stated that removing the dust limit will free up approximately $25 million in idle funds.The BIP 110 proposal restricts arbitrary data through user-activated soft forks, requiring 55% miner support, which is currently close to zero. DOG Mode does not require any consensus or voting; it only needs to change the forwarding rules of a single node. If enough nodes run and miners accept, transactions can be confirmed. Leonidas mentioned that DOG Mode deviates from Core to a much lesser extent than Knots, and there is currently no code repository or version. He calls on developers to contribute code and miners to add support. The price of DOG tokens has dropped 1.2% in the last 24 hours.

According to Blockworks Research data, on-chain consumption of tokenized collectible card games reached a historic high of $324 million in June 2026, an increase of over five times compared to approximately $50 million in the same period last year, while Bitcoin fell over 20% to a 21-month low, with spot ETFs recording a record outflow of $4.5 billion.Platforms like Collector Crypt and Courtyard store professionally rated physical Pokémon cards in vaults and issue corresponding NFTs. Users receive tokens backed 1:1 by real cards after purchasing random card packs, which can be traded, held, or redeemed for physical cards. According to Global Market Insights data, the global collectible card market size reached $9.2 billion.Pokémon became the best-selling toy brand in the United States in 2025, with sales reaching $2.5 billion, an 87% year-on-year increase. Collector Crypt has tokenized approximately $40 million worth of cards, purchasing about $2 million weekly, with around 30% of users ultimately redeeming for physical cards. According to Dune data, 5% to 8% of NFTs on Courtyard are destroyed weekly to redeem for physical cards.

According to on-chain research conducted by Dune Analytics for the DEX aggregator 1inch, an average of 85% of concentrated liquidity funds in decentralized exchanges were underutilized in the first half of 2026, with 29.5% completely outside the active price range, resulting in approximately $542 million in idle funds each week.Dune estimates that liquidity providers outside the range lose about $150 million in fee income annually. The study covers around 200 of the most active pools on Uniswap v3, PancakeSwap v3, Aerodrome Slipstream, and Uniswap v4, spanning seven chains with a total of 26 weekly snapshots, with an average TVL of approximately $1.84 billion.Data shows that idle funds are mainly concentrated in personal wallets, and automated management tools and bots tend to keep positions within the range. On Base Uniswap v3, personal accounts account for 82% of idle funds. About one-third of idle funds have not been adjusted for over 90 days. Dune attributes the main cause of idleness to asset pairs and their volatility rather than the trading platform, even though about 30% of stablecoin pairs are also outside the range.

According to monitoring by Catcher Predict, in the market prediction event on Polymarket for "Dota 2: PARIVISION vs Rune Eaters - Esports World Cup Playoffs," the "Yes" option in the sub-market "Ends During the Day" has experienced significant fluctuations in win probability, soaring from 50% an hour ago to the current 90% (a fluctuation of 40%). Please note the impact of related breaking news.

According to Jinshi reports, the S&P 500 index futures showed little change after the release of June retail sales data.

According to Jinshi, the number of people continuing to claim unemployment benefits in the U.S. for the week ending July 4 was 1.805 million, lower than the market expectation of 1.815 million.The previous value was revised from 1.814 million to 1.821 million.

According to Jinshi, the number of initial jobless claims in the United States for the week ending July 11 was 208,000, expected to be 217,000, and the previous value was revised from 215,000 to 216,000.

Gate officially released the June 2026 Wealth Management Monthly Report, providing a comprehensive review of the June cryptocurrency market trends and the performance of platform wealth management products. The report shows that the cryptocurrency market continued its downward trend in June, with both BTC and ETH recording a monthly decline of about 20%. Market funds leaned more towards caution and risk aversion; the total market capitalization of the cryptocurrency market dropped from approximately $2.30 trillion to $2.17 trillion. Continuous outflows of institutional ETF funds weakened the marginal buying pressure on BTC and became one of the important factors for its breach of key support and the weakening of market sentiment, with overall risk appetite significantly cooling compared to the previous period.In terms of product performance, the overall scale of Yubi Treasure remained stable in June, fluctuating narrowly in the range of 1.5 to 1.6 billion USDT; the total issuance of GUSD decreased from about 191.9 million at the beginning of the month to about 182.3 million at the end of the month, with the annualized yield maintaining at 2.8% to 3.0%, reflecting strong stability. Among advanced products, the Gate dual-currency investment low-buy strategy with a 0-day term achieved an APY of 295%, significantly higher than the market average of 166%; the Gate quantitative fund continued to exhibit stable returns and low drawdown characteristics, with the "Interstellar Hedge (USDT)" cumulative return leading at 18.7%. With the acceleration of stock allocations following the listing of Korean stocks, by the end of June, Korean stocks accounted for about 75% of the overall holdings, with the top ten holdings focusing on global semiconductor and technology growth assets, with SK Hynix ranking first. The report suggests that in a volatile market, stable returns, quantitative strategies, and diversified asset allocation remain important directions for wealth management. Gate will continue to provide users with multi-layered asset allocation and yield enhancement tools to help investors seize structural opportunities and improve asset management efficiency in a volatile market.

According to monitoring by unfolded, the trading volume of RWA perpetual contracts in June reached a historic high of 12 billion USD. Data shows that the trading volume of RWA perpetual contracts has continued to grow since approximately 22 billion USD in January of this year, with US stock assets being the main source of growth, followed by stock indices and assets such as crude oil.

The US spot Bitcoin ETF saw a net outflow of $4.5 billion in June, marking the worst monthly performance since its launch in January 2024. Bitcoin fell 20.48% in June, hitting a 21-month low of $58,190 on July 1. Citigroup lowered its 12-month price target for Bitcoin from $112,000 to $82,000, having previously reduced it from $143,000 on March 17. Citigroup also cut its 12-month price target for Ethereum from $3,175 to $2,240.Strategy sold 32 Bitcoins from May 26 to 31, amounting to approximately $2.5 million, marking its first sale since December 2022. As of May 31, it held 843,706 Bitcoins, and the board approved a Bitcoin sale framework of up to $1.25 billion. The open interest in leveraged Bitcoin futures dropped from about $31.3 billion around May 30 to about $21.6 billion at the beginning of June. Within two weeks, major holders increased their holdings by over 270,000 Bitcoins.

According to Catcher Predict monitoring, in the predicted market Polymarket for the event "Dota 2: Aurora vs Rune Eaters - Esports World Cup Survival Match," the "over" option in the sub-market "total kills over/under 50.5 in the second match" experienced a dramatic fluctuation in winning probability, soaring from 52.5% an hour ago to the current 90% (a fluctuation of 37.5%). Please note the impact of related breaking news.

In June, the U.S. CPI fell by 0.4% month-on-month, the largest monthly decline since April 2020; the annual rate dropped from 4.2% in May to 3.5%, lower than the expected 3.8%. Core CPI decreased to 2.6%, below expectations, remaining flat month-on-month.Major cryptocurrencies rose after the data was released, with BTC increasing from about $62,000 to $64,900, and ETH rising 7% to $1,884, with approximately $300 million in short positions being liquidated. Federal Reserve Chairman Kevin Warsh testified before Congress that the Fed has a "zero tolerance" for persistently high inflation; if the policy is correct, the inflation rise over the past five years will become a thing of the past. When asked about the CPI data, he disagreed with the assessment of "mission accomplished" and did not provide guidance on the next policy steps.

According to The Block, the operational data for June disclosed by publicly listed Bitcoin mining companies CleanSpark, BitFuFu, and Canaan shows that the Bitcoin production of all three companies declined compared to May. Among them, CleanSpark produced 614 BTC in June, down from 671 BTC in May; BitFuFu produced 125 BTC, down from 177 BTC the previous month; and Canaan produced 64 BTC, down from 90 BTC the previous month.The report points out that the reasons for the production decline vary among the three companies. CleanSpark's average operating hash rate in June decreased from 46 EH/s to about 43 EH/s; BitFuFu's total hash rate dropped from 19.5 EH/s to 15 EH/s, mainly affected by a decrease in hosted hash rate, although its self-owned hash rate has risen to 3.5 EH/s; Canaan attributed part of the production decline to maintenance of the power grid at some mining sites.It is worth noting that the aforementioned production decline occurred after the Bitcoin mining difficulty was reduced by over 10% in mid-June, reaching a new low since 2026.

According to PR Newswire, Canaan Creative announced unaudited Bitcoin mining operation update data, producing 64 Bitcoins in June.After deducting operating costs and accounting for the Bitcoins received from the sale of mining machines in June, the cryptocurrency reserves increased by 49 Bitcoins, bringing the total cryptocurrency holdings to a record 1,915 Bitcoins and 3,952 Ethers.

According to monitoring by Catcher Predict, in the predicted market Polymarket for the event "Dota 2: Rune Eaters vs. Virtus.pro - Esports World Cup Survival Match", the "Virtus.pro" option in the sub-market "Game Handicap: VP (-1.5) vs. Rune Eaters (+1.5)" has experienced a dramatic fluctuation in win probability, soaring from 32.5% an hour ago to the current 54.5% (a fluctuation of 22%). Please note the impact of relevant breaking news.

According to Jinshi reports, the overall inflation in June decreased by 0.4% month-on-month. Although the data has declined, it has not kept up with current events, and energy prices are expected to become the biggest variable in the future.

According to Jinshi reports, the seasonally unadjusted Consumer Price Index (CPI) for the U.S. in June was 333.952, lower than the market expectation of 334.697 and the previous value of 335.123.

According to Jinshi, the annual rate of the U.S. CPI for June, not seasonally adjusted, recorded at 3.5% (previous value 4.2%), while the market expectation was 3.8%; the month-on-month CPI for June, seasonally adjusted, recorded at -0.4%, marking the largest decline since April 2020.