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Crypto De Nostradame
Bullish
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🚨According to Coinglass data, $74 million worth of liquidations took place in futures transactions in the last 24 hours. •55% of these ($40 million) are long positions.

🚨According to Coinglass data, $74 million worth of liquidations took place in futures transactions in the last 24 hours.

•55% of these ($40 million) are long positions.

Disclaimer: Includes thrid-party opinions. No financial advice. May include sponsored content. See T&Cs.
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As Ethereum users increase, experts expect a price increase in ETH. The Ethereum ecosystem has nearly nine times more daily active users than just four years ago; Experts believe that increased demand will increase the price of ETH. Significant growth in daily active users Data collected by crypto #ETF issuer Bitwise shows that Ethereum and layer-2 scaling solutions Arbitrum and Polygon had an average daily active user base of more than 250,000 in the first quarter of 2020. Now, in the first quarter of 2024, the number of daily users has grown ninefold, exceeding approximately 2.25 million, adding new layer-2 networks such as Optimism, Base and zkSync. Moving transactions to L2s caused Ethereum's daily active users to decrease significantly. On June 4, the #Ethereum mainnet had 378,000 active users; Polygon logged 1.3 million active users and the other four L2s logged around 1.5 million total active users. Ethereum's scaling and future potential The end of 2021 brought optimism. ZkSync mainnet and Base go public in 2023. Although Ethereum's user numbers do not look good, co-founder Vitalik Buterin is focused on scaling the main blockchain through L2s. This is normal, although the number of users seems low as part of the plan. Buterin claimed that L2s are similar to the sharding idea of ​​the previous Eth 2 design and that the layer could support several “subcultures” within the #Ethereum network. $BTC $ETH
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New Altcoin Initiative from Franklin Templeton, whose Bitcoin and Ethereum ETF has been Approved! Named after founder Benjamin Franklin, 77-year-old trillion-dollar asset manager Franklin Templeton plans to launch a new crypto fund that will invest in other cryptocurrencies beyond Bitcoin and Ethereum. According to The Informationastion, people with direct knowledge of the matter said the company is exploring launching a new crypto fund that would invest in a number of altcoins beyond Bitcoin and Ethereum. While some traditional asset managers such as BlackRock and Fidelity have launched spot Bitcoin ETFs and are planning an #Ethereum ETF going forward, Franklin Templeton will take an unconventional approach in offering access to other altcoins in addition to #BTC and #ETH , sources said. . Sources said the new fund will be structured as a private fund that appeals to institutional investors. $BTC $ETH
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Game-changing move from Paxos for the stablecoin market. Paxos announced in a statement that they have issued a new stablecoin called Lift Dollar (USDL) held in the United Arab Emirates (UAE). The stablecoin, which will have a yield feature, will be issued by the company's UAE-based subsidiary, Paxos International. The crypto asset is regulated by the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM). Tether and Circle, the largest companies in the stablecoin market, have begun to generate significant income from the treasury bills they hold as collateral in recent years. This approach paved the way for the development of yield-sharing stablecoins. Stating that Lift Dollar (USDL) is structured in the same way as Paxos' other stablecoins, Charles Cascarilla, the company's CEO, assured that its assets are pegged to the dollar at a one-to-one ratio and are supported by short-term treasury papers. Cascarilla also stated that the assets are regularly inspected to avoid the risk of possible bankruptcy. Cascarilla also said that with USDL, they went one step further in making the dollar accessible to everyone and democratized the possibility of risk-free returns. However, Paxos' new asset USDL will not be able to be traded in the USA due to lack of regulation. In the press release regarding the #USDL launch, the company stated that they will focus specifically on Argentina and that they are cooperating with 3 intermediary companies, Ripio, Buenbit and TiendaCrypto, in the distribution of the crypto asset. $BTC
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There was a net inflow of $488 million into spot Bitcoin ETFs in the USA. Total daily net inflows into spot Bitcoin #ETFs in the US on June 5 were $488 million. This entry was recorded as the 17th consecutive net entry. The longest positive streak seen earlier in the year has been achieved. Exchange-traded funds announced that they saw a total daily inflow of $488.23 million yesterday, following the second-highest daily net inflows seen on Tuesday. Leading the way in net inflows was Fidelity's FBTC with an inflow of $221 million. BlackRock's IBIT added $155 million, recording the second-largest net inflow among the funds. Ark Invest and 21Shares' ARKB generated $71 million in revenue, while Bitwise's #BITB saw daily net inflows of $19 million. Grayscale's GBTC recorded a net inflow of $15 million, marking its second consecutive net inflow. VanEck's fund reported net inflows of $4 million. Invesco and Galaxy Digital's fund also raised $4 million. With this development, the number of daily net inflows of 11 spot Bitcoin ETFs reached the 17th consecutive day. It remains the longest streak of positive flows recorded in January and February. Total trading volume for the 11 spot #Bitcoin ETFs reached $2.09 billion yesterday, compared to $2.78 billion on Tuesday and $1.78 billion on Monday .
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🚨US Stock Exchanges Opened. S&P500: +0.07% Nasdaq: +0.24% Dow Jones: -0.07% 📣The Sandbox (#SAND) announced a $20 million fund.
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