$ETH On-chain analyst Yu Jin monitoring, since 3 PM yesterday, Bybit hacker has resumed money laundering activities, having laundered 62,200 ETH (approximately 138 million USD). Currently, of the 499,000 ETH stolen from Bybit, only 156,000 ETH (approximately 346 million USD) remain unprocessed. At the current money laundering rate, it is estimated that the remaining stolen funds will be completely cleared within three days.
On February 27, 2023, renowned trader and analyst Rekt Capital posted an analysis on social media platform X, indicating that Bitcoin is approaching the filling of the CME gap formed between $78,000 and $80,700 in November 2024. Meanwhile, Bitcoin has also created a new upward gap during its recent decline, located between $92,700 and $94,000. Rekt Capital believes that these two gaps will become important targets for Bitcoin's price.
is a multi-chain oracle across EVM and non-EVM chains, with reference projects including Link and Pyth. RED belongs to the oracle category BNB mining cost price is $0.6062 FDUSD cost $0.2534 usdC cost $0.1274
Comprehensive arbitrage mining cost is between $0.13 and $1; the trading price in the futures market is around $0.8 to $1;
Currently, the cost of shorting and hedging BNB through contracts is approximately $1; directly borrowing BNB on Venus has a mining cost of around $0.6; The borrowing interest rate for Fdusd and USDC on Binance is approximately 17%, which estimates the mining cost of Fdusd to be around $0.25; borrowing USDC through AAVE would be cheaper (6%), with a mining cost of $0.13;
$BTC Matrixport released today's chart saying that Bitcoin has broken below the rising extended wedge. Although this is not what we want, this pattern usually indicates downside risk unless the price can rebound quickly and return to the wedge. Bitcoin is likely to fall further, especially since this break occurred during a period of low trading, and there was limited demand for buying on dips. Although we expect prices to rise in the second half of this year, this technical break has made market sentiment more cautious. In addition, not only Bitcoin broke, but Ethereum also fell below the key support range of 2,600 to 2,800.
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In the next 7 days, several significant projects will experience one-time large token unlocks that may affect market volatility. Specific projects include:
$SUI: As an emerging public chain project, SUI has been a focus of market attention. Recent large unlocks may lead to price fluctuations, and investors should pay attention to market reactions. $OP: As an important component of Ethereum's scaling solution, the token unlock of Optimism will also have a significant impact on the market. Projects such as $ENA , $ZETA, $ALT, and $DYDX will also have large unlocks, and the performance of these projects may cause considerable volatility in the short-term market.
These large unlocks typically mean that tokens from project parties or early investors will enter market circulation, potentially changing the corresponding supply and demand dynamics, leading to significant short-term price volatility. Investors need to monitor the price trends of these projects and cautiously adjust their investment strategies.
2. Linear Large Token Unlock Projects
In addition to one-time large unlocks, several projects will undergo linear unlocks in the next 7 days, meaning tokens will gradually unlock over a certain period. The characteristic of this type of unlocking is that the process is relatively smooth, but the cumulative unlocking amount may still exert pressure on the market. Major projects include:
$SOL: As a leading global public chain, Solana's token unlock will undoubtedly attract significant attention, and investors should watch the market reaction post-unlock. Projects such as $WLD, $TIA, $DOGE, and $OM will also have linear unlocks during this period; although the unlocking process is relatively smooth, it may still affect the market's supply and demand dynamics. A series of well-known projects such as $AVAX, $SUI, $JTO, $NEAR, and $DOT will also gradually unlock their tokens during this time, and investors should keep a close eye on the market performance of these projects.
The linear unlocks of these projects may lead to increased supply in the market, putting pressure on prices, especially in the current market environment where sentiment is quite sensitive.
DOGE is going to have trouble! A big storm is coming to the crypto market!
The recent performance of DOGE B is really worrying. According to the latest data, the DOGE B network is now very quiet, and the activity has dropped to the lowest point since October 2024. There are very few large transactions every day, only 66 large orders.
Looking at the number of active addresses, it is far less than 60,000. The entire network is like a stagnant pool, with no movement. This situation really adds a lot of haze to the market prospects of DOGE B, and makes many people feel worried.
What's worse is that the market is about to usher in a wave of large-scale unlocking. In the next 7 days, many B types will be unlocked, and some of the single unlocking amounts will exceed 5 million US dollars, such as $SUI, OP, and $ENA.
There are also many coins like SOL, WLD, TIA, and DOGE, which have unlocked more than 1 million US dollars every day. According to statistics, the total value of these cryptocurrencies to be unlocked exceeds 465 million US dollars, which has a huge impact.
The Dogecoin network itself is not active now, but it is on the list of this unlocking wave. These two bad news together are really a big challenge for the market supply and demand and price trend of Dogecoin.
However, some people are still very confident in Dogecoin. They think that as long as the D.O.G.E. team is efficient and with the support of Musk, when the price of Dogecoin falls to a certain level, the opportunity to buy at the bottom will come.
This market is different every day
Everyone must pay close attention to the market trend every day
$BTC Greeks.live macro researcher Adam stated on platform X that the macro aspects worth noting this week are the news from the US and Europe regarding the Russia-Ukraine conflict. The Russia-Ukraine war has been an important reason for the rise in commodity prices. If the related situation changes, it could alter the current overall inflation logic. In terms of cryptocurrency, this week marks the opening of Consensus in Hong Kong, with several related conferences, while FTX will begin repayments to creditors, both of which are worth paying attention to. The EU's cryptocurrency market legislation (MiCA) has come into full effect, and compliant exchanges like Kraken are gradually delisting stablecoins such as USDT in Europe. The cryptocurrency market remains sluggish, with Bitcoin fluctuating below $100,000. The Mila coin fiasco has exacerbated the slump in altcoins, leading to a weak wealth creation effect in the market and a very pessimistic outlook. In the options market, the implied volatility (IV) for the entire term continues to decline, and the at-the-money IV for the current month has dropped to 45%, with recent activity primarily driven by large traders reallocating positions.
Retail Investors' Wealth Freedom in the Crypto Space
$ETH Is Vitalik exiting the scene, is Ethereum doomed?
Recently, Vitalik Buterin expressed on social media: The atmosphere in the crypto community makes me uncomfortable and even makes me want to give up. Regarding this, CZ said, Vitalik is very young, and he’s a technical person who doesn’t communicate well. There’s no need to over-interpret; Ethereum is still very strong. Just look at its market cap; it remains the second-largest cryptocurrency by market cap. Honestly, not just Vitalik, but anyone who has interacted with many people in the crypto space feels uncomfortable with the atmosphere. Anyone with a conscience in this industry has likely had thoughts of wanting to give up. Because this space is currently extremely polarized; on one end, capital behaves without bottom lines, recklessly issuing tokens and ruthlessly exploiting newcomers, while a plethora of worthless tokens are continuously created. On the other end are short-sighted investors, all looking to find 10x or 100x returns and getting harvested time and again, with this cycle endlessly repeating every day. Similarly, most retail investors have no idea what’s going on and have never thought about holding long-term, treating crypto as a gamble. Regarding cryptocurrency prices, this correction is nearing its end. It is now clear that Ethereum at 2100 is the bottom of this major correction. The reason for this significant correction in ETH is largely due to passive selling from on-chain liquidations. Ethereum remains the same Ethereum; there hasn’t been any logical change. Don’t doubt ETH; what truly made people despair was March 12, 2021, when a sudden crash occurred just as the bull market was starting, with a drop of 34% that day. Almost all leveraged positions were liquidated, and the ETH price fell to $93. Four years later, it has risen to today’s $2700.
$SOL Matrixport noted in today's report that many traders may make emotional trading decisions, but Bitcoin always responds rationally to macroeconomic, monetary, and liquidity events. After Trump's victory in November 2024, Bitcoin and altcoins surged as the market widely expected him to establish a strategic Bitcoin reserve and position the U.S. as a global cryptocurrency hub. However, the hawkish tone during the December FOMC meeting suppressed liquidity expectations. Market sentiment remained strong leading up to Trump's inauguration on January 20, but uncertainty gradually increased thereafter. Unlike the new DeFi cycle during the 2020/2021 bull market, the era of meme coins and Pump.fun has arrived. The two main beneficiaries of the Pump.fun meme coin frenzy are Solana and Ravdium, but with declining daily trading activity, the hype-driven momentum is rapidly fading. In the past 30 days, the daily issuance of meme coins on Pump.fun has decreased by 16%, indicating a weakening of speculative interest. A key factor contributing to this slowdown is the Trump meme coin, which attracted large numbers of retail investors to enter at unfavorable prices. Despite the recent surge in Ravdium (RAY) prices, a significant trend has emerged: the number of wallets holding over 10,000 SOL has sharply decreased in the past two months, suggesting that large holders are offloading, which may suppress the continued rise in SOL prices. However, this may also indicate that early whales who accumulated SOL before the meme coin cycle at the end of 2023 are now cashing out and reallocating their profits into Bitcoin. This movement could explain why, despite an overall pullback in the altcoin market, Bitcoin remains resilient.
$TRUMP 【Breaking News】Bloomberg: Trump's tariff policy is not beneficial for the crypto market, and the U.S. system lacks effective oversight of the president
Golden Finance reports that Bloomberg has questioned a series of actions taken by Trump in the crypto space since he took office, stating that President Trump and his entourage seem eager to establish their crypto empire. The family not only hopes to pave the way for the U.S. to support cryptocurrency through friendlier regulations but also wants to secure a place in favorable outcomes. According to the current (unstable) spot prices, the TRUMP-related entities currently hold an estimated value of about $14.9 billion, with risks that are equally unbelievable. As token buyers and industry insiders see opportunities to please Trump, the likelihood of quid pro quo and corruption will surely increase. Furthermore, moral hazard is also present. When Eric Trump tweeted a friendly suggestion that Ethereum is worth buying, he was by no means a neutral observer—when he deleted the phrase 'You can thank me later' from his post on X, he seemed to realize this. At the same time, the company transferred most of its reserves to Coinbase Global Inc., and while it denied any plans to sell, it's difficult to assess what specific insider information might be involved. Trump's tariff policy is definitely not beneficial for the crypto market, and the impact of Eric Trump's calls is similarly limited. Bloomberg believes that if effective enforcement and strengthening of regulations cannot be achieved, oversight of the president's actions will become ineffective, and Trump currently seems unburdened by any constraints. The series of actions taken by Trump and Musk is a 'textbook case of overconfidence,' especially considering that Trump has previously been convicted of fraud.
$BERA What is the potential of Berachain? Is it worth investing in it?
Overall, Berachain still has significant potential, mainly due to its innovative technology and unique economic model.
1. Technological innovation:
Berachain adopts the Proof of Liquidity (POL) mechanism, an innovative consensus mechanism that ensures the security and vitality of the network by encouraging users to provide liquidity to the network. This is different from the traditional PoS mechanism, which mainly relies on the number of coins held rather than network activity.
2. Market adaptability and scalability:
Berachain has attracted a large number of DApps chasing liquidity and users by solving the scalability problem. Its simple DApp drag-and-drop functionality enables major DApps to easily leverage the huge liquidity on Berachain. In addition, Berachain also attaches importance to cross-chain interoperability, opening up new possibilities for seamless asset transfer and interaction between different blockchain networks.
3. High market attention:
Currently, Berachain has a high popularity in the market (currently has nearly one million Twitter followers), has completed multiple rounds of financing (total financing is US$142 million), and has an experienced team. These achievements demonstrate the market's recognition of Berachain's innovative mechanisms.
Berachain is not just a token, but also an innovative public chain. Like the recently popular SUI, it is also a public chain like Berachain. So, in general, Berachain has great development potential. However, it is not recommended that you rush in blindly. After the price stabilizes, you should determine the appropriate entry point based on technical analysis to avoid buying at the highest point!
On June 6, $BERA 2, crypto researcher and DYθR founder
shared a valuation analysis of Berachain on their social platform: Berachain raised $142 million at an average valuation of $414 million by allocating approximately 34.3% of the supply to VCs. This calculates to an average entry price for VCs of about $0.82. If BERA matches the unrealized VC returns of SUI (approximately 15 times), the token's price at launch should be above $15, but this is unlikely. If the token matches the unrealized VC returns of Sei (approximately 10 times), its listing price should be above $10. Therefore, BERA's bull market price will be between $10-15, and its bear market price will be between $5-10.