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📉 $BTC prices hit new June lows, dropping to $66,696, as open interest in futures markets remains high at over $35 billion. Traders are eyeing support levels around $67,000 to $64,000.
📊 The most active $ETH options on #Deribit in the past 24 hours show a rise in put options, indicating a demand for downside protection. 📉 Ether’s price has dropped over 4.1% in the same period.
Analyst Alex Krüger recently highlighted #Notcoin as one of the best #memecoins in the crypto market. According to Krüger, Notcoin stands out due to its unique community engagement and innovative approach within the meme coin sector.
🚨 The #Fed will announce its interest rate decision tomorrow, with markets expecting no change. The U.S. #CPI report is also due, with headline CPI forecast at 3.4% and core CPI at 3.5%, both above the Fed's 2% target. Rate cuts are unlikely.
🪂 #ZkSync will airdrop 3.7 billion #ZK tokens next week, distributing two-thirds of its 21 billion token supply. An initial 17.5% will be given to 695,232 wallets, with no lock-up period and a cap of 100,000 tokens per wallet.
Tokyo-listed Metaplanet Inc. saw shares rise 9.88% after purchasing an additional $1.58M worth of Bitcoin, totaling 141.07 $BTC Metaplanet's stock surged from 19 yen to 89 yen since adopting #Bitcoin as its strategic reserve. Choose Bitcoin!
💰 #BinanceLabs invests in Zircuit, a new Layer 2 network with AI-enabled sequencer-level security, ahead of its mainnet debut this summer. #Zircuit already hosts $3.5B in staked assets and has over 1,100 "Build to Earn" applications. @Binance has invested in 23 projects YTD.
📈 Bitcoin’s price dropped below $68,000, triggering concerns of further declines, potentially to $60,000, due to thin bid liquidity. The $69,000 support level and the 21-day moving average were invalidated, causing further price weakening.
#Binance has reached a milestone of 200 million users and over $100 billion in assets under custody. This achievement underscores the platform's growth and the increasing trust and reliance on Binance for #cryptocurrency transactions and asset management. The platform continues to expand its services and offerings, catering to a broad user base and maintaining a significant presence in the crypto industry.
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#Binance has announced the addition of Ionet.io #IO to its Launchpool, allowing users to farm IO tokens by staking $BNB and $FDUSD The IO token will begin trading on Binance on June 11, 2024, with trading pairs including BTC, USDT, BNB, FDUSD, and TRY. The Launchpool farming will last four days, distributing 4% of the total IO token supply, with 17 million tokens allocated to the BNB pool and 3 million to the FDUSD pool. #ionet focuses on decentralized AI computing and cloud solutions.
📈 Iggy Azalea's #MOTHER memecoin surged by 30% following the announcement of its new utility. The #memecoin can now be used to purchase smartphones and mobile subscriptions as #iggyazalea relaunches her telecommunications company.
📊 This week is crucial for crypto! The #CPI report and the Fed's interest rate decision both happen on the same day, likely causing market swings. Last week's strong jobs report already shook $BTC
📊 Last week, digital asset investment products saw inflows of $2B, bringing the 5-week total to $4.3B. $BTC led with $1.97B in inflows, while $ETH experienced its largest inflow week since March, totaling $69M.
🔍 U.S. #BitcoinETFs acquired nearly two months’ worth of #Bitcoin mining supply within the first week of June, totaling approximately 25,729 $BTC This purchase, valued at around $1.83 billion, marks one of the largest buying weeks since mid-March.
#Bitcoin traders have hit a new record for futures positions with open interest now over $37.7B, surpassing the previous record of $37B set in March. This increase follows a streak of 18 days of net inflows for spot $BTC ETFs, another record.
Institutional investors' interest in #memecoins has surged by 300% in 2024, according to a ByBit report. The most popular investments include Dogecoin $DOGE , Shiba Inu $SHIB , $PEPE, and $BONK Institutional investors allocated significant portions of their portfolios to these coins, particularly $DOGE and $SHIB , due to their liquidity and stability. The report highlights a strong preference for Ethereum-based memecoins among both individual and institutional investors.
A Chinese student, Yang Qichao, has been sentenced to 4 years and 6 months in prison and fined 30,000 yuan ($41,000) for issuing a fraudulent cryptocurrency, BFF, on Binance's BNB Chain. This marks China's first criminal trial involving #cryptocurrency issuance. Yang was accused of injecting and then withdrawing liquidity from $BFF, causing its value to plummet and leading to significant losses for investors. The trial highlighted the complexities surrounding the legal status of virtual currencies in China.