Gate Research Institute: Nautilus officially launched on Sui Mainnet | BitMine initiates company Bitcoin reserve strategy

Crypto Market Overview

• BTC (+4.02% | Current Price 109,829 USDT): After a prolonged period of sideways consolidation, BTC finally mounted a strong comeback yesterday, briefly breaking through 111,000 USD during the session. Although it subsequently fell back below this critical level, market sentiment has been activated, which may drive a rebound in other major cryptocurrencies. On Monday, BTC ETF inflows totaled 265 million USD, with ARK's ARKB inflowing 10.8 million USD and Fidelity's FBTC inflowing 173 million USD.
• ETH (+8.16% | Current Price 2,708 USDT): After fluctuating around $2,500 for a while, ETH followed the market's strong rebound. The ETH/BTC exchange rate rose to 0.024; ETH's market share increased to 9.66%. On Monday, the net inflow of ETH ETF was $17.5 million, with Fidelity FETH inflow of $12.9 million and Grayscale ETH inflow of $4.6 million. The ETH ETF has achieved net inflows for 15 consecutive working days.
• Altcoins: Market sentiment is high, and most sectors are experiencing a rebound. The fear and greed index has risen to 64, indicating a noticeable warming of market sentiment.
• Macro: U.S. stocks closed mixed on Monday, with the Dow closing down slightly by 1.11 points; the Nasdaq rose by 61.28 points; the index rose by 5.52 points. The S&P 500 has risen for the second consecutive trading day. Investors are closely watching the progress of the China-U.S. economic and trade talks in London, hoping that the talks will improve the global economic outlook. As of June 9, 11:00 AM (UTC+8), the spot price of gold is reported at $3,307.82 per ounce, with a 24H decline of 0.54%.

Trending Tokens on Juejin

RVN Ravencoin (+12.25%, circulating market cap 700 million USD)

According to Gate.io market data, the current price of the RVN token is $0.0054, with a 24-hour increase of 31.89%. The current circulating market value of RVN is $343 million.

Ravencoin (RVN) is an open-source blockchain project that focuses on peer-to-peer asset transfer and decentralized application development. RVN uses a proof-of-work (PoW) consensus mechanism, uses the X16R algorithm, supports about 1,000 transactions per second, and the block confirmation time is about 1 minute, with efficient asset creation and transfer capabilities. Users can pay transaction fees, participate in network maintenance, and create custom assets through RVN tokens, and the ecosystem supports the issuance and management of digital assets, which are widely used in NFT, tokenized assets and other fields. RVN emphasizes the spirit of decentralization and open source, no pre-mining and no ICO, and is committed to fair distribution, which is favored by blockchain developers and investors.

The price of RVN has risen significantly recently, mainly due to the combined influence of two factors: as a fork project of Bitcoin, its price trend is highly correlated with Bitcoin (BTC), which has recently seen a strong rebound, boosting its price trend. At the same time, the listing on mainstream exchanges has enhanced the token's liquidity and trading convenience, stimulating market demand. Currently, RVN is showing a strong upward trend, and the market performance continues to attract attention.

ANIME Animecoin (+ 20.24%, circulating market cap 240 million USD)

According to Gate.io market data, the current price of the ANIME token is 0.0073 USD, with a 24-hour increase of 20.24%. The current circulating market cap of ANIME is 240 million USD.

ANIME is a blockchain-based anime ecological project, jointly launched by the well-known NFT brand Azuki and the Layer2 platform Arbitrum, aiming to connect global anime lovers, creators, and IP holders, and build a full-chain ecosystem from content creation to fan interaction. ANIME's Animechain network, built with Arbitrum Orbit technology, supports low-cost, high-speed transactions, and integrates IP management, fan data, and the interoperability of on-chain assets such as NFTs.

ANIME has seen a significant price increase recently, which may be related to its parent company's strategy in the Asian market, as it recently announced plans to advance the on-chain deployment of intellectual property in Asia. Currently, ANIME is showing a strong upward momentum, with market sentiment high. From a technical analysis perspective, if the price breaks through 0.034 USD in the short term, it may further welcome an increase.

KDA Kadena (+18.23%, circulating market cap 163 million USD)

According to Gate.io market data, the current price of KDA token is $0.512, with a 24-hour increase of 18.23%. The current circulating market value of KDA is $163 million.

Kadena (KDA) is a high-performance open-source blockchain project focused on building a scalable decentralized application platform. KDA adopts a unique Chainweb consensus mechanism, achieving tens of thousands of transactions per second through a parallel multi-chain architecture while maintaining low latency and high security. Users can participate in network governance, pay transaction fees, and access DeFi and NFT applications within the ecosystem using KDA tokens. Kadena emphasizes enterprise-level solutions, supports smart contract development, is compatible with the Pact language, and has attracted widespread attention from developers and institutional investors.

KDA's Chainweb architecture and high-performance features continue to attract attention, boosting market confidence. Its recent surge may be related to the community launching a staking reward program, which has attracted a large number of users to lock up tokens. This has reduced market circulation, strengthened price support, and stimulated investor enthusiasm.

Alpha Interpretation

BitMine purchased 100 bitcoins to initiate the company's reserve strategy.

BitMine Immersion Technologies recently announced that it has used the funds raised through a recent stock issuance to purchase 100 bitcoins on the open market, officially launching its bitcoin reserve strategy. The company stated that this move is an important step in treating bitcoin as a long-term investment asset, and it plans to continue accumulating in the future. Bitcoin will also become a key component of its core business strategy.

BitMine's actions release several important signals. First, financing through the capital market to directly invest in crypto assets shows its intention to optimize its financial structure through diversified asset allocation, possibly aiming to enhance its hedging capability against traditional financial market fluctuations. Secondly, the formal launch of the Bitcoin reserve strategy indicates that the company views Bitcoin as a store of value similar to "digital gold," akin to the path of companies like MicroStrategy.

This not only reflects an acknowledgment of Bitcoin's long-term value but may also indicate concerns about the current macroeconomic environment, such as inflation risks and currency depreciation. Furthermore, positioning Bitcoin as a core business pillar suggests that the company may invest more resources in blockchain technology or the encryption field in the future, thereby expanding its influence in the emerging fintech sector.

Nautilus officially launched on the Sui mainnet.

On June 10, 2025, Nautilus officially launched the Sui mainnet, marking an important step for the ecosystem in the field of off-chain computing. Nautilus utilizes Trusted Execution Environments (TEE), initially implemented through AWS Nitro Enclaves, to run off-chain logic in a verifiable isolated environment, and validate the results through on-chain smart contracts. This technology provides Web3 developers with a new computing architecture that balances performance, privacy, and trust.

Off-chain computing has long had a trust gap, especially in scenarios such as oracles and privacy logic, which rely on centralized services. Nautilus provides a verifiable execution environment through TEEs, combined with on-chain contract verification, which significantly improves the data reliability and user trust of decentralized applications, and is expected to reshape the technology landscape of oracles and off-chain services.

The launch of Nautilus reflects that Web3 is evolving towards a hybrid architecture of "off-chain high performance + on-chain trust," which may become mainstream in the future. With the rise of privacy protection and compliance requirements, the application of TEEs in the blockchain is expected to expand rapidly, and Nautilus is also likely to become a technical model for driving industry standardization.

Canary Marinade Solana ETF registered in Delaware

On June 10, 2025, crypto asset manager Canary Capital registered the "Canary Marinade Solana ETF" in Delaware and filed a revised S-1 filing with the U.S. Securities and Exchange Commission (SEC). The highlight of this application is that it explicitly includes Solana (SOL) staking functionality in its design, designating Marinade Finance as the exclusive staking service provider, making it the first Solana ETF application in the United States to include a staking mechanism. This product will enable investors to access SOL price movement income and staking rewards at the same time through a regulated ETF instrument.

The registration and application of the Canary Marinade Solana ETF is not only an important step for the Solana ecosystem in the compliant financial sector, but also shows that crypto ETFs are gradually shifting from price exposure to yield compounding. The introduction of staking features has set a template for similar products in the future, encouraging the asset management industry to explore more innovative paths. Regulation remains the main factor affecting the pace of implementation, but its potential has received significant attention from the market.

HODLer Airdrop

New Listing Details

• Subscription Project: Calcify Tech
• Token Name: CALCIFY
• New listing time: Until June 10, 2025, 15:00 (UTC+80
• Participation method: Stake GT
• Total airdrop amount: 1,041,667 CALCIFY

) Project Introduction Calcify Tech is a decentralized computing power market that provides users with fair, transparent, and on-demand access to GPU, CPU, and memory resources through smart contracts. The platform is designed specifically for AI developers, Web3 projects, and enterprise users, eliminating intermediaries and providing computational power in a scalable and cost-effective manner. Through token incentives, Calcify encourages users to share idle computing resources to earn rewards. Unlike traditional cloud services, Calcify features permissionless, programmable, and verifiable characteristics, empowering real-world AI and blockchain tasks. Calcify aims to become the execution layer of Web3, enabling secure, decentralized, and autonomous task execution globally.

**Reference Material:** - Gate, [https://www.gate.com/trade/BTC_USDT]###https://www.gate.com/trade/BTC_USDT( - Farside Investors, [https://farside.co.uk/btc/])https://farside.co.uk/btc/( - CoinGecko, [https://www.coingecko.com/categories])https://www.coingecko.com/categories( - Investing, [https://investing.com/])https://investing.com/( - Gate, [https://www.gate.com/zh/launchpool/EDGEN?pid=311])https://www.gate.com/zh/launchpool/EDGEN?pid=311(
[Gate Institute])https://www.gate.com/learn/category/research( is a comprehensive blockchain and encryption research platform that provides readers with in-depth content, including technical analysis, hot insights, market reviews, industry research, trend predictions, and macroeconomic policy analysis.

Disclaimer Investing in the crypto market involves high risks. It is recommended that users conduct independent research and fully understand the nature of the assets and products being purchased before making any investment decisions. )[Gate]http://gate.com/( does not bear any responsibility for any losses or damages arising from such investment decisions.