Review of major developments in the cryptocurrency circle on June 7, 2024:
- The Fed's expectations for a rate cut in September have increased, and the market generally predicts that 185,000 new jobs will be created, which will bring certain benefits to the market.
- Justin Sun made another move, spending 15,000 ETH to buy Pendle. So far, his cumulative investment has reached 48,000 ETH, showing strong confidence in the market.
- Today, a large investor withdrew 84,500 GMX from the BN platform, with a total value of approximately US$3.7 million, which has attracted widespread attention from the market.
- Just within 4 hours not long ago, a multi-signature address suspected to be the LPT project party withdrew LPT tokens worth up to US$740,000 from BN, which had a significant impact on the market.
- Two large investors sold a large number of LINK and UNI tokens in succession in the past 12 hours, selling a total of 371,000 LINK and 541,000 UNI, making a huge profit of US$797,000.
- A user spent $5.2 million to buy 29.25 billion BEER tokens, and the current floating profit is close to $6 million, showing his accurate vision.
- The co-founder of the W platform hinted that the platform will launch a staking function, which is expected to provide more options and opportunities.
- BNB-BN officially announced the launch of IO Launchpool, and trading activities will be officially launched on June 11, injecting new vitality into the market.
- The CFX project actively expanded cooperation, joined the Belt and Road delegation, and signed a memorandum of understanding with AIFC and Aral Petroleum Capital, planning to launch the AxHKD stablecoin in Q2, showing its ambition for international layout.
- The CPOOL platform revealed relevant announcements about the Base chain or CB, which aroused market expectations and attention.
- The GME platform ushered in an important moment. Roaring Kitty will be officially launched at 16:00 UTC on June 7, bringing new opportunities to the market.
- INJ published the first comprehensive paper on the INJ token, detailing its utility and deflation mechanism, providing a deeper understanding.
- JTO has partnered with Phantom to launch native liquidity staking on Solana, providing the market with more liquidity options.
- SAND has successfully raised $20 million through convertible bonds co-led by Kingsway Capital and Animoca Brands, supporting the further development of the project.
- The PANDORA project released a beta version of the ERC-404 Launchpad and announced that 5% of each issued token will be airdropped to PANDORA holders, bringing additional benefits to holders.
- PHA platform announced that it will soon launch multi-AI agent robots, heralding further upgrades in the platform's intelligence and automation.
Telegram is continuing its active momentum, and PHA has entered its fifth halving cycle, which has undoubtedly attracted widespread attention in the industry.
The founder of RSS3 recently sent a signal that seems to suggest that Google has launched the RSS3 node and is running. This news is undoubtedly a great encouragement for participants in the RSS3 ecosystem, and also shows the potential for cooperation between the RSS3 project and mainstream technology giants.
ZEN has proposed a strategic technical plan for migrating ZEN and EON. The vote for this plan will officially begin on June 18, which will be an important moment to determine the future development direction of ZEN.
ZIL's team also seems to be brewing important news, suggesting that an important announcement will be released tomorrow. Although the specific content has not yet been revealed, it has already triggered widespread speculation and expectations in the market.
DYDX will also make a major announcement today. Judging from the content it implies, it seems that there will be major progress or breakthroughs, and it may even exceed the impact of its previous Android release. This news will undoubtedly bring great expectations to DYDX holders and followers.
