The following are five noteworthy news in the currency circle in the past 24 hours:
1. Bitcoin price rebounds:
Bitcoin price rebounded after a period of decline and is back above $62,000. However, technical traders remain uncertain whether this uptrend will continue, showing the market's underlying volatility.
2.Blast airdrop starts:
The Blast team announced the start of their token airdrop on June 26, distributing 17% of the supply to early adopters, which include users who transfer assets to its network or use its applications.
3. Tether supply slows down:
As of June 24, Tether’s supply growth has slowed significantly, with monthly growth of less than 1.5% compared to more than 5% growth in April and May. This indicates a cooling down of cryptocurrency market activity.
4. VanEck’s Spot Ethereum ETF:
VanEck filed a Form 8-A filing for a spot Ethereum ETF, and analysts speculated on a possible launch timeline. The move reflects growing interest and potential institutional acceptance of Ethereum-based financial products.
5. Ethereum futures market:
Analysts warn that the futures market shows an extremely low probability of Ethereum reaching $3,700. This comes against a backdrop of technical traders being cautious about bullish price outcomes expected by some market participants.