June 19th Cryptocurrency Circle Important News

Market value shrinks significantly: The total market value of cryptocurrencies plummeted 4.5% in 24 hours, and the current total value is 2.462 trillion US dollars, and the market is under heavy pressure.

Bitcoin ETF funds outflow: The US Bitcoin spot ETF suffered a net outflow of 145.9 million US dollars yesterday, suggesting that market sentiment is tense.

The market generally fell: Among the top 100 cryptocurrencies by market value, except for XRP, which rose slightly, the rest of the currencies showed a downward trend.

Liquidation events surged: In just one hour, the total liquidation amount of the entire network reached 175 million US dollars, of which the long order loss reached a staggering 171 million US dollars.

Personnel changes in the regulatory level: David Hirsch, head of the SEC's crypto assets department, resigned, which may have an impact on future regulatory policies.

Signal President criticized the EU strategy: slammed the EU's "upload moderation" monitoring strategy, believing that it would undermine the security of encrypted communications.

Lens Protocol seeks financing: It is reported that Lens Protocol is seeking to raise 50 million US dollars at a valuation of 500 million US dollars, showing the market's confidence in the project.

Whales suspected of selling ETH: There are signs that an ETH ICO whale that has been silent for two years may have sold 10,000 ETH worth $35.39 million.

Uncertainty about the Fed's interest rate cut: Fed Harker expressed his views on the number of possible interest rate cuts in 2024, causing market expectations to fluctuate.

Mainstream currency prices fell below key price levels: Mainstream currencies such as Bitcoin, SOL and Ethereum fell below important support levels, and market pressure continued to increase.