Research Summary
The report discusses key events in the crypto market, including the potential launch of spot Ethereum ETFs, token launches, and airdrop campaigns. It also highlights the impact of the US presidential debate on memecoins and introduces ZKX, a social perpetual trading DEX. The report further discusses the incentives programs of Gearbox and GMX, and the launch of ENA restaking pools by Symbiotic.
Key Takeaways
Ethereum ETFs and Token Launches
- Potential Ethereum ETFs: The report suggests a small chance that the SEC will approve the launch of spot Ethereum ETFs this week. If approved, these ETFs are expected to go live before July 4.
- Token Launches: Blast and Zeta Markets are set to launch their tokens this week. Blast will distribute its airdrop to early users on June 26, while Zeta Markets, the second largest perpetual DEX on Solana, will also launch its token.
Impact of US Presidential Debate on Memecoins
- Presidential Debate and Memecoins: The report anticipates that the presidential debate between Joe Biden and Donald Trump could impact the prices of certain memecoins, including MAGA, TRUMP, and BODEN.
Incentives Programs and Airdrop Campaigns
- Incentives Programs: Gearbox and GMX are initiating incentives programs. Gearbox plans to distribute 650K ARB & 20M GEAR tokens to users over the coming months, while GMX will distribute 5.4M of ARB tokens as ecosystem incentives to liquidity providers and traders on June 26.
- Airdrop Campaigns: Infinex is launching its CRATERUN airdrop campaign on June 25. Additionally, Symbiotic will launch a set of $ENA restaking pools on June 26, where the $ENA deposited will receive 30x Ethena points, Mellow points, and Symbiotic points.
ZKX: The First Social Perpetual Trading DEX
- ZKX Launch: ZKX, the first social perpetual trading DEX, has released its token $ZKX. The platform offers gasless trading, advanced trading tools, and competitive sessions with $ZKX rewards. The $ZKX token is now available for trading on Kucoin, Gate, and Bitget.
Actionable Insights
- Monitor Ethereum ETFs: Keep an eye on the SEC’s decision regarding the launch of spot Ethereum ETFs. If approved, this could have significant implications for Ethereum’s market position and value.
- Track Token Launches: Monitor the token launches of Blast and Zeta Markets. These launches could present opportunities for early investment and potential returns.
- Assess Impact of Presidential Debate: Evaluate the impact of the US presidential debate on memecoins. Depending on the outcome, there could be significant price movements in these coins.
- Consider Incentives Programs: Review the incentives programs of Gearbox and GMX. These programs could offer lucrative rewards for liquidity providers and traders.
- Explore ZKX: Research the potential of ZKX, the first social perpetual trading DEX. Its unique features and competitive sessions could offer new trading opportunities.
