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Jinse Finance reported that on June 20, a16z crypto disclosed data showing that the weekly trading volume in prediction markets reached $10.8 billion for the first time, setting a new all-time high. This record-breaking growth was driven by the convergence of multiple global events, including the SpaceX IPO, the US-Iran peace agreement, the NBA Finals, and the World Cup. a16z crypto pointed out that the scale of prediction markets has expanded rapidly over the past year; a year ago, weekly trading volumes were around $500 million, and even during periods of high activity, volumes rarely exceeded $1 billion. Since last autumn, trading volumes have steadily increased, stabilizing between $6 billion and $7 billion this spring. Even during the current “low-volatility weeks,” the market scale has significantly surpassed last year’s peak levels, indicating that liquidity and participation in the prediction markets are continuing to structurally rise.

As of the close of trading in New York on Friday, the spot gold price fell by 0.79% to $4,154.78 per ounce; the gold futures price fell by 1.72% to $4,172.9 per ounce. Influenced by the adjustment of international gold prices, the prices of branded pure gold jewelry in China have dropped to around 1,260 yuan per gram, nearly 450 yuan lower than the year's peak.

According to Odaily, Ki Young Ju, founder of CryptoQuant, stated that the phenomenon of capital rotation from Bitcoin to altcoins, which once fueled altcoin rallies, has basically disappeared. He pointed out that since 2021, the trading volume of altcoins paired with BTC has shrunk significantly, and the structure of the market has changed considerably. Ki Young Ju believes the era of "Bitcoin rises driving broad gains in altcoins" may have come to an end. In the future, altcoins may rely more on their own fundamentals, application scenarios, and independent capital inflows to drive price increases.