According to BlockBeats, BLAST futures experienced a significant drop of over 21% on June 26, temporarily reporting at $0.0294. The 24-hour trading volume stood at $248,184.8, marking a substantial increase of 193.8% in the trading volume within the same period. The sharp decline in BLAST futures and the simultaneous surge in trading volume indicates a heightened market activity around this digital asset. However, the reasons behind this sudden market movement remain unclear. Further updates and analysis are expected to provide more insights into this unexpected market behavior. It's worth noting that the cryptocurrency market is known for its volatility, with prices of digital assets often experiencing significant fluctuations. Investors and traders are advised to exercise caution and conduct thorough research before making any investment decisions in this market.

According to BlockBeats, data from Coinglass reveals that a total of $170 million was liquidated globally in the past 24 hours. The liquidation was split between long and short positions, with $90.46 million and $79.54 million respectively. This indicates a significant movement in the cryptocurrency market, with both bullish and bearish traders facing substantial losses. The data does not specify which cryptocurrencies were most affected by the liquidation. However, it is clear that the market volatility has led to significant losses for traders across the board. This news underscores the inherent risks associated with cryptocurrency trading, particularly in a volatile market. Traders are advised to exercise caution and manage their risk appropriately.

According to BlockBeats, the BitVol index, a measure of expected implied volatility derived from tradable Bitcoin options prices, has risen to 52.7, marking a daily increase of 4.42%. The index was launched by financial index company T3 Index in collaboration with options trading platform LedgerX. The implied volatility is the volatility implied by the actual options price. It is calculated using the B-S options pricing formula, where the actual price of the option and all other parameters except volatility (σ) are substituted into the formula to derive the volatility. The actual price of an option is formed by competition among many options traders. Therefore, the implied volatility represents the market participants' views and expectations for the future of the market, and is considered to be the closest to the real volatility at that time.

On Jun 25, 2024, 14:30 PM(UTC). According to Binance Market Data, Bitcoin has crossed the 62,000 USDT benchmark and is now trading at 62,130.628906 USDT, with a narrowed 1.37% increase in 24 hours.

On Jun 25, 2024, 14:29 PM(UTC). According to Binance Market Data, Ethereum has crossed the 3,400 USDT benchmark and is now trading at 3,402.439941 USDT, with a narrowed 2.57% increase in 24 hours.

According to U.Today, cryptocurrencies Shiba Inu (SHIB), Cardano (ADA), and Solana (SOL) may be on the brink of a significant price rebound. Crypto analyst Ali has indicated that the TD Sequential indicator is showing buy signals on the daily charts for these digital assets, hinting at a possible upswing. The TD Sequential is a widely used technical analysis tool that helps traders identify potential turning points in market trends. It was developed by Tom DeMark and assists in determining the precise moment of trend exhaustion and potential price reversals. Ali's analysis shows that the TD Sequential indicator is flashing buy signals on the daily charts of Shiba Inu, Cardano, and Solana. For Shiba Inu (SHIB), the emergence of a buy signal on its daily chart could suggest that the recent downtrend may be losing momentum. If the indicator's signal is accurate, SHIB could see a resurgence in buying activity, potentially driving the price up. The first sign of a bullish turnaround would be a break above the daily SMA 200 at $0.00001891. A subsequent break above the daily SMA 50 at $0.00002288 could fuel the bullish trend, possibly targeting $0.00002940 and $0.0000328. At the time of writing, SHIB had risen 1.45% in the last 24 hours to $0.00001711. Cardano (ADA) dropped to $0.362 on Monday, its lowest level since November 2023. The TD Sequential buy signal for ADA could suggest that the current bearish trend may be nearing its end. At the time of writing, ADA had increased 4.80% in the last 24 hours to $0.389. If ADA maintains its current rebound, bulls may target the daily SMA 50 at $0.44 and the daily SMA 200 at $0.542. If this proves successful, a 100% rally appears possible, with targets at $0.68 and $0.8. Solana (SOL) was up 8.91% in the last 24 hours to $135.98 at the time of writing. Solana is attempting a decisive break above the daily SMA 200 at $133, which could be crucial to its bullish momentum. A break over the daily SMA 200 at $156.19 would be a strong indication, aiming for highs of $188 and $204. The next few days will be critical in determining whether SHIB, ADA, and SOL can capitalize on these buy signals and initiate a sustained upward trend.

According to CryptoPotato, the Crypto Fear and Greed Index, a tool that gauges market sentiment for Bitcoin and the wider cryptocurrency sector, has plummeted to its lowest level in nearly a year and a half. This comes in the wake of Bitcoin's fall below $60,000, its lowest level since early May. On June 24, the index dropped 21 points, entering the 'Fear' zone with a score of 30. This represents one of the most significant day-to-day declines in recent years and a shift from the 'Greed' zone, where it was at 74 just a week prior. Bitcoin also saw a significant price decrease of over 4% within the last 24 hours, hitting a seven-week low. The digital currency reached a low of approximately $58,400 on June 24 before making a recovery. As per CoinGecko data, Bitcoin is currently trading at $61,115. Several factors have led to this increase in fear. Over the past 10 trading days, Bitcoin spot exchange-traded funds have experienced substantial outflows exceeding $1 billion. Additionally, reports that the bankrupt Mt. Gox exchange might be preparing to liquidate $8.5 billion worth of BTC to its creditors have heightened the uncertainty. Despite these developments, some experts believe the market's reaction may be overblown. Samson Mow, an executive at Galaxy Digital, reassured the market that the Bitcoin dip is driven purely by sentiment and fear, not by the selling of large holdings. He emphasized that large entities are adept at not moving the market, citing the imbalance in ETF inflows a few weeks ago, where demand was 27 times the supply, yet the price remained mostly stable. The Crypto Fear & Greed Index considers various factors, including market volatility (25%), trading volume (25%), Bitcoin's dominance (10%), and trends (10%). Since reaching a peak score of 90 in the 'Extreme Greed' zone on March 5, when Bitcoin hit a high of $69,000, the index has been on a downward trend.

According to Odaily, QCP Capital has indicated that the market will continue to face selling pressure. This is due to the high costs associated with maintaining perpetual positions and options positions. Current creditors of Mt.Gox, the now-defunct Bitcoin exchange, may not have hedged against this. In the short term, the market is expected to ease. This is largely due to the potential approval of an Ethereum ETF in July, which suggests that it may be a good time to buy when prices are low. The firm's analysis suggests that the market's current state may present opportunities for savvy investors who are able to navigate the volatile landscape. QCP Capital's predictions come at a time when the cryptocurrency market is experiencing significant fluctuations. The firm's advice to buy low may be a strategic move for investors looking to capitalize on the market's current state. However, as with all investment advice, it's important to conduct thorough research and consider the potential risks before making any decisions.

According to Odaily, a recent research report released by brokerage firm Bernstein suggests that the demand for Ethereum spot ETF, once approved for trading, could be similar to that of Bitcoin ETF, albeit on a smaller scale. Analysts Gautam Chhugani and Mahika Sapra emphasized in the report that due to the lack of Ethereum staking features, the conversion volume of Ethereum spot ETF is not expected to be excessive. However, they anticipate that basic trading will gradually attract buyers, thereby maintaining the healthy liquidity of the ETF market. Bernstein believes that Ethereum and other digital assets require a more comprehensive regulatory system. They also predict that the market narrative after the US election will improve with the increasing chances of a Republican victory and President Trump's current support for cryptocurrencies. Despite recent pullbacks in the cryptocurrency market, the report emphasizes that the 'structural adoption cycle remains intact'.

According to BlockBeats: on June 25, 10x Research tweeted that Bitcoin is currently severely oversold. Many opinion leaders are advising their followers to buy on dips while altcoins appear to be performing relatively stable. The 10x Research Greed and Fear Index is close to its historical low, a level typically associated with market bottoms. Key Points: 1. Bitcoin is Deeply Oversold: - Influencer Advice: Influencers are recommending buying the dip as Bitcoin seems deeply oversold. Meanwhile, altcoins are holding their ground relatively well. - Greed & Fear Index: The 10x Research Greed & Fear Index is nearing its lowest possible levels, often associated with market lows, indicating a potential buying opportunity. 2. Reasons for Bitcoin Sell-Off: Several factors are contributing to the ongoing Bitcoin sell-off: - Mt. Gox Distribution: Estimated $9 billion worth of Bitcoin distribution from Mt. Gox creditors starting in July. - German Government Sales: The German Government is reportedly selling $3 billion worth of confiscated Bitcoin. - Bitcoin Miners: Miners are selling approximately $2-3 billion worth of Bitcoin. - ETFs: Bitcoin ETFs are selling around $1.4 billion worth of BTC. - OG Wallets: Original Bitcoin wallets are liquidating about $1.2 billion worth of BTC. Hypothetically, this totals between $16-18 billion, comparable to the year-to-date Bitcoin ETF inflows. 3. Trading Signals and Market Predictions: - Sell Signals: Our trading signals have indicated multiple sell signals for Bitcoin.  - June 12: A new volatility signal predicted a decline when Bitcoin traded at $67,339.  - June 24: A price range signal indicated further declines when Bitcoin traded at $61,113. - Market Concerns: Despite some attributing the latest drop to Mt. Gox-related FUD and other influences, there appears to be a structural factor impacting the market. This could lead to more profound consequences and potentially deeper declines before a rebound from lower levels might occur. Additional Concerns: There's growing concern that more liquidity may exit the market, especially since the current price levels are near the break-even point for Bitcoin ETF buyers and miners.  - ETF Buyer Price: The average entry price for Bitcoin ETF buyers is around $60,000-$61,000. - Mining Costs: The average mining cost for Bitcoin miners is approximately $60,000 per Bitcoin. Both ETF buyers and miners may continue to sell despite influencers' and speculators' optimistic outlooks. Currently, Bitcoin is holding steady at $60,000, but the question remains: for how long? A potential decline to $50,000 is becoming increasingly plausible given the selling pressures. Bitcoin is at a critical juncture, deeply oversold with significant selling pressures from various sources. Influencers recommend buying the dip, but underlying concerns about liquidity and market fundamentals suggest caution. The next few weeks will be crucial in determining whether Bitcoin can maintain its $60,000 support or if a fall to $50,000 is imminent.

According to PANews, the South Korean State Council has approved the implementation of the 'Virtual Asset User Protection Law', which will come into effect on July 19. The law mandates that Virtual Asset Service Providers (VASPs) must ensure user deposits through banks. Additionally, VASPs have the right to halt user cash deposits as well as deposits and withdrawals of virtual assets for reasons stipulated by the law. Previously, it was reported that the Financial Services Commission plans to establish a Virtual Asset Committee, responsible for providing advice on policies and regulations for the cryptocurrency market.

The global cryptocurrency market cap now stands at $2.42T, up by 3.44% over the last day, according to CoinMarketCap data. Bitcoin (BTC) has been trading between $58,402 and $62,136 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $60,932, down by -1.93%. Most major cryptocurrencies by market cap are trading mixed. Market outperformers include LISTA, WIF, and FET, up by 31%, 21%, and 17%, respectively. Top stories of the day: Bitcoin Market May Experience V-Shaped Rebound, Analyst Mignolet Predicts Largest Digital Asset and Nvidia Experience Market Turbulence XRP Maintains Stability Amid Market Turbulence, Trading Volume Increases Hong Kong's Position As Major Asset Management Hub Remains Solid, Report Reveals AI Concept Coins Show Significant Increase Federal Reserve Falls Victim to Ransomware Attack, Claims LockBit FBTC Experiences Continuous Net Outflow, Reports Farside Investors Federal Reserve's Daly Cautions Against Premature Rate Relaxation Bitcoin Prices Drop As Mt. Gox Plans To Return Stolen Assets In July Digital Asset Investment Products Witness Second Consecutive Week of Outflows Market movers: ETH: $3361.81 (+0.10%) BNB: $570.1 (+0.04%) SOL: $135.19 (+8.29%) XRP: $0.4753 (+0.11%) DOGE: $0.12228 (+3.82%) ADA: $0.3893 (+4.17%) TRX: $0.12117 (+2.22%) SHIB: $0.00001712 (+1.48%) AVAX: $25.01 (+2.79%) WBTC: $60990.67 (-1.89%) Top gainers on Binance: LISTA/USDT (+31%) WIF/USDT (+21%) FET/USDT (+17%)

According to Odaily, Promontory Technologies has announced the launch of its Promontory Alpha Fund. This fund is a quantitative, systematic, multi-strategy approach for trading highly liquid listed digital (crypto) assets. The fund aims to maintain market neutrality and avoid significant downturns. It offers investment tools in the British Virgin Islands for non-US investors and in Delaware LP for US investors. Promontory's CEO, Jackson Fu, is the co-founder of Shanghai-based quantitative hedge fund management company Kirin Investment. Since its establishment in 2016, Kirin has managed assets worth between 50 and 70 billion dollars, demonstrating excellent performance after risk adjustment.

According to U.Today, as June draws to a close, cryptocurrency enthusiasts are looking ahead to July, particularly for the popular cryptocurrency XRP. Historical price data from CryptoRank indicates that July has been a bullish month for XRP over the past four years. The minimum return on investment (ROI) for the token in that month since 2020 was 6.91%, and the maximum was 48.1%. However, the five years preceding 2020 were not as positive, with XRP ending in the red. Consequently, the average ROI for XRP in all Julys since the token's inception has settled at 5.56%. The median, a more accurate indicator, signals an almost neutral gain of 0.07%. Based on this historical data, it is expected that XRP will, at the very least, maintain its value in the coming month, and could potentially even see growth. However, it is important to note that predicting the crypto market is notoriously difficult. Despite this, June's performance was in line with XRP's price history, with the token losing more than 8.5% in value over the course of the month. Supporting the use of this metric as a benchmark for XRP enthusiasts is the fact that XRP is one of the oldest digital assets on the market and has been traded on exchanges for a significant period of time.

According to U.Today, the digital currency market has experienced a significant downturn, with the value of top assets, including Dogecoin, plummeting overnight. The total market liquidations have surged to $171 million within 24 hours. Dogecoin, in particular, has been heavily impacted, with liquidations amounting to $3.09 million over the same period. This places the dog-themed meme coin as the third most liquidated asset, following Bitcoin and Ethereum. Long traders have been hit the hardest, with a total of $2.89 million liquidated from this group. Short traders, on the other hand, saw a total of $193,460 in liquidations. These figures suggest that more than 25 million Dogecoin were liquidated overnight. This significant liquidation was triggered as the price of Dogecoin dropped to $0.1191, a 5% decrease in the past 24 hours. Currently, Dogecoin is trading at one of its lowest levels over the past month, indicating a potential price floor. Dogecoin's price is highly sensitive and is often influenced by market trends and bullish on-chain activities. If a price floor has indeed been established, it is likely that Dogecoin will experience a significant price rebound. This potential resurgence in the coin's price could be driven by whale accumulations and sustained bullish buying sentiment, as evidenced by the 111% increase in trading volume to $673,997,088. In the short term, Dogecoin's price target is set at $0.1745, the highest level it has recorded over the past month.

According to U.Today, Tron (TRX) has overtaken Shiba Inu (SHIB) in terms of market capitalization, marking a significant change in the cryptocurrency market rankings. Despite Shiba Inu's strong market presence and its vibrant community, known as the 'Shibarmy', its market cap of $9.899 billion now ranks it just behind Tron. Tron currently stands as the 11th largest cryptocurrency with a market cap of $10.42 billion, while Shiba Inu has slipped to the 12th position with a market cap of $9.899 billion. This shift in the market has occurred amidst a broader drop in the cryptocurrency market, partly due to uncertainties in monetary policy. These include concerns about the Federal Reserve's ability to rapidly cut interest rates from a two-decade high. Shiba Inu's value fell by as much as 9%, trading at $0.00001668 at the time of reporting. Over the last week and the previous 30 days, Shiba Inu prices have dropped by 16.13% and 29% respectively. On the other hand, Tron experienced a minor drop of 0.49% in the last 24 hours to $0.1194 but is still up 2% weekly. Tron, a blockchain platform for creating decentralized applications, has been gaining momentum recently. The total accounts on TRON have reached 239,304,736, exceeding 239 million, indicating the rapid development of the TRON ecosystem and its ongoing efforts to decentralize the web. Shiba Inu's ecosystem has also been expanding, with projects like Shibarium gaining traction. Shibarium, the layer-2 scaling solution for Shiba Inu, has seen a significant spike in activity, as shown by a dramatic increase in transaction fees and a surge in new transactions. Shibarium transaction fees rose by a staggering 388%, from 16.22 BONE on June 17 to 78.18 BONE on June 23. This rise in transaction fees suggests a higher network transaction demand, indicating increased user activity and engagement with Shiba Inu-related applications and services.

According to Foresight News, the Fear and Greed Index (FGI) has dropped to 30 points today, marking a decrease of 41.18% from yesterday's 51 points. The last peak of the index was recorded at 90 points on May 5. Today's FGI score is the lowest it has been since September 12 of last year, as per data from Alternative. The Fear and Greed Index is a commonly used metric to gauge the sentiment of the market, with lower scores indicating higher levels of fear among investors.

According to Foresight News, Andrei Grachev, the co-founder of DWF Labs, has shared his views on the recent market fluctuations. He stated that the ups and downs in the market are not significant overall. He noted that the summer season is typically a time when the market is weak, and the best strategy during this period is to focus on BUIDL and invest in distressed assets. Grachev also revealed that their new fund is about to be launched and the incubation plan has already been initiated. The fund is prepared and ready to go. He did not provide further details about the new fund or the incubation plan. This statement comes amidst a time of market volatility, with investors looking for strategies to navigate the changing landscape.

According to Odaily, on June 25th, the leading sectors in the market were Cosmos, Regional Concept, and NFT. Among these, FET saw a 24-hour increase of 18.07%, OCEAN had a 24-hour increase of 12.82%, and GINOA experienced a significant 24-hour increase of 51.37%. At the time of reporting, the top three cryptocurrencies in terms of real-time gains were LPM, T2T2, and GINOA. The top three cryptocurrencies in terms of transaction volume were BTC, ETH, and SOL. These figures highlight the dynamic nature of the cryptocurrency market and the potential for significant gains in a short period.

According to Odaily News: BlackRock's IBIT experienced no fund inflow or outflow yesterday. However, it recorded a significant trading volume of $1.6 billion. Trader T, who monitored the situation, reported these findings. Despite the lack of fund movement, the high trading volume indicates a substantial level of activity within the IBIT. Further details about the factors contributing to this scenario were not provided.