Leading Crypto News and Blockchain Technology Trends - 0xzx
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Leading Crypto News and Blockchain Technology Trends - 0xzx
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Discover the latest in cryptocurrency markets, blockchain tech, and project reviews on 0xzx. Get real-time updates and expert insights. Visit 0xzx.com now!
The Arbitrum Foundation funded 13 projects in May, supporting initiatives like DODO, Double, DeSyn Protocol, Panoptic, and more. These projects span various domains including Web3 trading, liquidity, DeFi asset management, options trading, ZK Onchain gaming engines, P2E platforms, cross-chain transaction interfaces, tokenization solutions, and community fundraising.
For more details, visit [0xzx](https://0xzx.com/2024061311304526715.html).
Curve's founder recently faced a significant liquidation event, losing 29.62 million CRV tokens within an hour. The liquidator profited approximately $720,000 by first opening a short position on Binance before executing the liquidation. This strategy resulted in a more economically advantageous outcome for the liquidator.
For more details, visit [0xzx](https://0xzx.com/2024061311504526756.html).
A top cryptocurrency analyst warns of a potential Bitcoin crash, highlighting key support levels at $66,000, $65,000, $63,000, and $60,000. Falling below these levels could indicate further bearish trends. The upcoming FOMC meeting is expected to cause significant market volatility, urging traders to stay informed and understand range trading. The analyst also cautions about potential manipulation in Solana and stresses the importance of thorough research before trading.
For more details, visit [0xzx](https://0xzx.com/zh-tw/2024061307004526286.html).
Citron Research has announced it will stop shorting GameStop (GME) stock due to the irrational market sentiment and the influence of retail investors. Despite believing that GameStop's fundamentals have not improved, Citron acknowledges the company's ability to appease shareholders with $5 billion in the bank. Wedbush Securities analyst Michael Pachter maintains a bearish outlook, predicting a 60% decline in GME's price. Meanwhile, GameStop has raised $2.14 billion through a recent stock issuance.
For more details, visit [0xzx](https://0xzx.com/2024061307344526335.html).
Federal Reserve Chairman Jerome Powell stated on June 13 that the central bank does not anticipate raising interest rates in the near future. This statement contrasts with widespread expectations of potential rate hikes, aiming to stabilize market sentiment. Powell's remarks suggest a more stable economic environment, allowing businesses and investors to plan without the uncertainty of rate increases. However, future rate decisions will still depend on economic indicators and market conditions.
For more details, visit [0xzx](https://0xzx.com/2024061307334526334.html).
The U.S. District Court for the Southern District of New York has issued a final judgment against Terraform Labs and its co-founder Do Kwon in a case brought by the SEC. The judgment includes a $4.5 billion penalty for securities law violations. Kwon is held jointly liable for $110 million in illicit gains and $14.3 million in prejudgment interest. The order also mandates the transfer of various assets to the Terraform bankruptcy estate and imposes permanent restrictions on Kwon and Terraform Labs.
For more details, visit [0xzx](https://0xzx.com/2024061305194526087.html).
Ethereum co-founder Vitalik Buterin outlined the evolving utility of cryptocurrency beyond financial transactions. He highlighted advancements such as zk proofs for reputation and identity, lower-cost p2p cross-border payments, decentralized social networks, and anti-censorship voting systems. Buterin emphasized the importance of blockchain technology in enhancing privacy and integrating enterprise applications. His comments were in response to concerns about the dominance of meme coins overshadowing substantive blockchain developments.
For more details, visit [0xzx](https://0xzx.com/2024061305334526119.html).
BitMEX co-founder Arthur Hayes predicts a high likelihood of Dogecoin (DOGE) ETF approval due to its popularity and market cap. Discussing with Raoul Pal, Hayes emphasized DOGE's widespread acceptance on platforms like Robinhood. Despite recent bearish trends, DOGE is finding support at the 200-EMA level. Approval of a DOGE ETF could boost its price, although market impact will depend on broader trends and regulatory decisions.
For more details, visit [0xzx](https://0xzx.com/2024061305364526124.html).
Ripple has announced its new stablecoin, Ripple USD (RLUSD), emphasizing its commitment to transparency and stability by being backed by the U.S. dollar. RLUSD will be available on both the XRP Ledger and Ethereum blockchain, aiming to enhance accessibility and usage within the crypto ecosystem. Ripple's acquisition of Standard Custody & Trust Company and the appointment of Jack McDonald as Senior VP of Stablecoins underline their focus on security and trust.
For more details, visit [0xzx](https://0xzx.com/2024061305454526139.html).
Bitwise Asset Management reports that Ethereum's transaction costs are ten times lower than those of traditional financial systems. They highlight Ethereum's efficiency in areas like wire transfers and international withdrawals, noting that its revenue has surpassed companies like Robinhood, Etsy, and Moderna. Bitwise CEO Matt Hougan emphasized cryptocurrency's growing political influence, suggesting that market potential is significant if Washington's recent policy shifts are fully understood.
For more details, visit [0xzx](https://0xzx.com/2024061306034526174.html).
Bitcoin experienced significant market activity ahead of "Super Wednesday," where key CPI data and the Federal Reserve's rate decision were anticipated. Bitcoin and altcoin prices dropped by 2.5%, leading to $250 million in liquidations, highlighting market volatility. Despite these fluctuations, institutional investors remain optimistic about future market trends. Key factors to watch include interest rate decisions, Ethereum ETF approvals, and macroeconomic indicators, which may signal a recovery and potential bull market.
For more details, visit [0xzx](https://0xzx.com/2024061306314526236.html).
U.S. inflation, as measured by the Consumer Price Index (CPI), has decreased from 3.4% to 3.3%. This slight drop in inflation has led to speculation that the Federal Reserve may lower interest rates. Consequently, Bitcoin saw an immediate $1,000 increase in value, reflecting positive market reactions. Market participants are hopeful that the Fed's potential shift towards easing monetary policy could trigger a new bull run for cryptocurrencies.
For more details, visit [0xzx](https://0xzx.com/2024061306344526239.html).
The Federal Reserve has maintained its interest rates at 5.25%-5.50%, contrary to the recent rate cuts by other central banks like the ECB and Canada's central bank. This decision has led to significant volatility in Bitcoin prices, which ranged from $66,190 to $70,100. The announcement caused Bitcoin's price to drop to around $68,200, highlighting investor anxiety and market fluctuations.
For more details, visit [0xzx](https://0xzx.com/2024061306354526243.html).
Fears of rising U.S. inflation have led to over $200 million in daily outflows from spot Bitcoin ETFs. This trend is driven by investor reassessment of risk assets amid economic uncertainty. The hardest-hit ETFs include Grayscale's GBTC and ARK 21Shares, with significant outflows noted. Upcoming U.S. CPI data and Federal Reserve actions are critical, influencing short-term market movements and investor sentiment toward cryptocurrencies. For more details, visit [0xzx](https://0xzx.com/zh-tw/2024061214274523990.html).
The cryptocurrency market is experiencing fear and volatility ahead of the FOMC meeting and CPI report release. Bitcoin has dropped to $67,387, with few tokens showing gains. Analysts predict a potential rebound post-FOMC meeting but advise caution due to expected continued market fluctuations. This period has seen Bitcoin's highest correlation with U.S. stock markets in 18 months. For more details, visit [0xzx](https://0xzx.com/zh-tw/2024061214314524002.html).
Former U.S. President Donald Trump has shown continued support for cryptocurrency, expressing his approval of Bitcoin mining during a meeting with miners at his Mar-a-Lago resort. Trump emphasized the role of Bitcoin miners in stabilizing energy networks and mentioned his plans to advocate for Bitcoin mining if re-elected. This stance marks a contrast to President Biden's administration, which has been less favorable towards cryptocurrencies. Trump's support has garnered backing from industry leaders and signifies a potential shift in U.S. crypto policy. For more details, visit [0xzx](https://0xzx.com/zh-tw/2024061214334524007.html).
According to Coinglass data, the total open interest for Bitcoin futures contracts has dropped to $35.87 billion, equivalent to 530,240 BTC. This includes 160,340 BTC on CME (about $10.83 billion) and 121,330 BTC on Binance (about $8.21 billion). This decline reflects changing market conditions and trading activity across different platforms. For more details, visit [0xzx](https://0xzx.com/2024061212404523827.html).
A report by the EU's Innovation Center highlights that privacy coins, mixers, and Layer 2 solutions complicate law enforcement's ability to trace funds. It advises agencies to prepare for these tools' use in investigations. Recently, a Dutch court sentenced Tornado Cash developer Alexey Pertsev to over five years in prison for creating the platform for money laundering. The report also notes potential misuse of second-layer solutions like the Lightning Network by criminals. For more details, visit [0xzx](https://0xzx.com/2024061212504523835.html).