[//]:content-type-MARKDOWN-DONOT-DELETE ![](https://gimg2.gateimg.com/image/ann_en202506201448428512631512.webp) Plasma to Launch Mainnet by Late Summer to Optimize Stablecoin Trading; Renzo Protocol Partners with Concrete on Institutional Restaking Products. Crypto Market Remains Cautious as BTC and ETH Consolidate; Altcoins Diverge. CALCIFY, SNT, and CTA Lead Market Gains; Meteora Enhances Solana Liquidity Management with New Tools. - Market Overview: The crypto market sentiment remains cautious. Bitcoin (BTC) has pulled back to 104,647 USDT, maintaining a wide consolidation range in the short term, with attention on support and resistance levels. Yesterday, spot BTC ETFs saw a net inflow of $389 million, indicating continued capital inflows. Ethereum (ETH) is priced at 2,518 USDT, retracing after a rally, with the ETH/BTC ratio dropping to 0.024 and ETH’s market dominance falling to 9.22%. ETH spot ETFs recorded a net inflow of $19.1 million yesterday. The altcoin market is seeing mixed performance. The Fear & Greed Index stands at 48, indicating neutral-to-bearish sentiment. On the macro front, growing global risk aversion—due to potential U.S. involvement in the Israel-Iran conflict—has led to declines in U.S. stock futures, gold closing slightly higher, and rising oil prices. Trading is light today due to the Juneteenth U.S. holiday. - Trending Tokens: CALCIFY (+15.74%, market cap $892M): Provides a decentralized compute marketplace for AI and Web3. Price is rising, but increasing selling pressure may trigger a pullback. SNT (+3.88%, market cap $360M): Focuses on enhancing user experience. After a steady uptrend, the token is entering a correction phase—watch for support levels.CTA (+24%, market cap $37.62M): Boosted by the GameFi hype, up 5x recently. However, volume-price divergence suggests high short-term volatility risks. - Alpha Insights:Meteora has launched new tools to improve Solana ecosystem liquidity, including a PnL tracker and DLMM pool monitoring tools. With TVL over $1.1 billion, it strengthens liquidity management but must address network congestion and trust issues. Renzo Protocol has partnered with Concrete to launch institutional-grade restaking solutions. With ezETH TVL reaching $3.8 billion, the partnership bridges DeFi and traditional finance, offering new strategic vaults and features. Plasma plans to launch its mainnet by late summer, focusing on stablecoin transactions. Having raised $1 billion, the project must now face competition from Ethereum and Tron, along with regulatory compliance challenges. - Gate Launchpool: Matchain, built on BNB Chain, is an AI-focused decentralized blockchain prioritizing decentralized identity (DID) and data sovereignty. Its flagship product, MatchID, aims to onboard 500 million users by integrating Web2/Web3 identity data via zero-knowledge proofs and AI. The Launchpool event runs through July 9. Users can stake MAT to earn 24,000 MAT in rewards, showcasing strong Web3 ecosystem expansion potential. Explore Today’s Highlights → Gate Research: Plasma Plans Mainnet Launch in Late Summer | Renzo Protocol and Concrete Announce Strategic Partnership **Gate Research** is a comprehensive blockchain and cryptocurrency research platform that provides readers with in-depth content, including technical analysis, trending insights, market reviews, industry research, trend forecasting, and macroeconomic policy analysis. **Disclaimer** Cryptocurrency investment involves high risks. Users are advised to conduct independent research and fully understand the nature of the assets and products before making any investment decisions. Gate is not responsible for any losses or damages resulting from such investment decisions. Gate Team Jun 20th, 2025 **Gateway to Crypto** Trade over 3,500 cryptocurrencies safely, quickly, and easily on Gate **Take Action Now** Sign up and claim up to $10,000 in welcome rewards Invite friends and earn a 40% commission **Stay Connected** Visit Gate's official website Download the Gate App | Desktop Follow us on X (Twitter) to get more bonuses Join our Telegram community to discuss trending topics Engage with our global community for the latest insights **Transparency & Security** Check our 100% Proof of Reserves