Crypto Pulse- NVIDIA's market value surpasses Apple, BTC spot ETF inflows remain high.

Preface:
In the past 24 hours, Bitcoin and Ether have risen by 0.21% and 1.59%, respectively, with the ETH/BTC exchange rate holding at 0.05. The crypto market’s Fear & Greed Index is at 78, indicating extreme greed.

Recent Spotlight

The best performer recently is STX, with a 24-hour increase of 14.1%, reaching a market cap of $3.477 billion. STX is issued by the Stacks project, a Bitcoin layer-2 protocol aiming to provide a platform that shares security with the Bitcoin chain and settles transactions on it. By extending Bitcoin’s capabilities, Stacks turns Bitcoin into a fully programmable asset, unlocking billions of dollars in passive Bitcoin capital for decentralized applications. Its unique consensus mechanism, Proof of Transfer (PoX), links it to Bitcoin, allowing Stacks token holders to earn Bitcoin rewards through “Stacking.”

Check Out the Latest Prices, Charts, and Data of STX/USDT Spot and STXUSDT Perp!

The Word on the Street

NVIDIA’s total market value has reached $3.01 trillion, surpassing Apple’s $3 trillion, second only to Microsoft. As a result, AI sector tokens have seen widespread increases. NVIDIA became the first computer chip company to reach a market cap of $3 trillion, with its stock price up about 147% this year, adding about $1.8 trillion to its market value. According to the Bloomberg Billionaires Index, Wednesday’s stock surge increased CEO Jensen Huang’s wealth by over $5 billion, reaching $107.4 billion. In a keynote speech at National Taiwan University, Huang stated that the rise of generative AI represents a new industrial revolution, and NVIDIA is expected to play a significant role as this technology transitions to personal computers.

Spot Bitcoin ETF Flows

Following the second-highest single-day inflow for a US spot Bitcoin ETF, ETF inflows remained high yesterday. Fidelity led with $22.1 billion, ARKB had net inflows of $71.4 million, BITB $18.5 million, GBTC $14.6 million, and HODL $4 million. Meanwhile, other ETFs like Invesco Galaxy and Franklin Templeton saw no new inflows. Franklin Templeton’s CEO, Jenny Johnson, believes that it is still in the early stages of the Bitcoin investment cycle, with large institutional funds not yet fully deployed in this asset class. As previously concerned investors become more accustomed to handling digital assets and their underlying technology, their investment interest is expected to continue growing.

Check Out the Latest Prices, Charts, and Data of BTC/USDT Spot and BTCUSDT Perp!

Airdrop Claims

According to an official tweet from Taiko, the first phase of the TAIKO token airdrop is now open. Eligible users can claim 5% of the initial TAIKO supply, approximately 50 million tokens. Eligible users include Taiko proposers and provers, Taiko bridgers, Taiko users (including Galxe point holders), Taiko developers, GitHub contributors, and Loopring community members. The claim period is from June 5, 2024, to July 5, 2024. Users need to bridge some ETH to Taiko to pay the minimal Gas fee, then visit the Taiko claim page to connect their wallet and claim the tokens. Additionally, Taiko will allocate 10% of the total TAIKO supply in the upcoming Trailblazers program.

TAKIO is now listed on Gate.io. Check the current price on Gate.io.