Tether CEO Announces New Synthetic Dollar Overcollateralized with Gold
According to CryptoPotato, Tether CEO Paolo Ardoino announced a new synthetic dollar, aUSDT, overcollateralized by XAUt, Tether's gold-backed digital asset, on May 17. 6. Later, industry analyst and stock-to-flow creator Willy Woo praised the coin. act like a 'genius business idea'. Tether's USDT is currently monetized on US Treasury Bills, but the company can now issue a stablecoin that monetizes gold profits. Over the long term, gold offers an 8% yield compared to T-Bills at 0% to 5%, providing greater profit potential.
Woo also speculated that Tether could issue a bUSDT stablecoin backed by Bitcoin, due to the company's growing BTC treasury. However, he noted that this would not make sense now given the bear market decline.#tether #tetherUsdt

Floki Name Service, is now officially released exclusively on BNB Chain's mainnet. The service is built on the SPACE ID infrastructure, allowing users to create unique .floki domains, helping to revolutionize on-chain identity.
Supported with seamless integration on major platforms such as Trust Wallet, SafePal, PancakeSwap, OKX Wallet, etc. Floki Name Service uses FLOKI as the main payment method to increase the use case of FLOKI token and strengthen its structure the core of the network.
Accordingly, users will soon be able to use their .floki domain to deploy website blogs or even decentralized resumes, making the decentralized ecosystem practical #FLOKİ #flokinameservice

Bitcoin price since the previous cycle's all-time high (ATH) in April 2021, Bitcoin is now about 10% higher, with performance falling between the 2017-2021 cycles (up 150%) and 2013- 2017 (down 20%).
Comparing the cycles, it can be seen that from the low in November 2022, when Bitcoin was trading around $15,500, the current price increase of about 330% is impressive. This exceeds previous cycles, where the 2018-2022 cycle saw a 183% increase and the 2015-2018 cycle saw a 215% increase
It can be seen that Bitcoin is still following a consistent path, with performance consistent with historical trends despite the inherent volatility and challenges of the market.
$BTC #BTC

According to a report by CoinShares, global cryptocurrency investment products from asset managers such as Ark Invest, Bitwise, BlackRock, Fidelity, Grayscale, ProShares and 21Shares recorded net inflows totaling 2 billion dollars in the first week of June.
The US market accounted for $1.98 billion in net inflows last week amid a record streak of inflows into spot Bitcoin ETFs in the country, now spanning 19 trading days and more. 4 billion dollars.
BlackRock's IBIT Bitcoin Spot ETF brought in nearly $1 billion last week alone, has more than 300,000 BTC in assets under management (AUM), surpassing the AUM of Grayscale's converted GBTC fund last week and currently accounts for more than $21 billion in assets.
This US Bitcoin spot ETF generated a total of $1.8 billion in net inflows last week, with Bitcoin investment products adding another $1.97 billion globally. By comparison, the funds absorbed more than two months of new Bitcoin mining supply (now averaging 450 BTC per day post-halving) in just one week.
Butterfill says Ethereum-based investment products saw best week of net inflows since March, adding $69 million – possibly a reaction to the Securities and Exchange Commission's surprise decision US trading by allowing Ethereum ETFs for spot delivery in the US. #etherreum #EthereumETF

Recently, Lookonchain experts have been monitoring the activities of a cryptocurrency whale that owns the wallet "0x689d6140".
It is known that this user withdrew 231.6 billion PEPE worth more than 2.9 million USD from the US Kraken exchange. Two days ago transferred 36 billion PEPE from the exchange to his wallet.
Since March, the total volume of PEPE transactions sent with Kraken has exceeded 750.34 billion tokens, worth more than 8.34 million USD.
This accumulation was not accompanied by sales even during the PEPE uptrend and subsequent downtrend.
Amid a significant price correction, with the value of PEPE down over 28% since reaching 0.00001718 USD ATH, crypto whales have purchased an additional 231.6 billion PEPE. Lookonchain estimates that total buybacks over the past 90 days averaged 0.00001111 USD per PEPE.
The Nascent development team, which supports early-stage cryptocurrency founders, has purchased over 447.66 billion PEPE tokens on Binance.
On June 3, another new wallet was discovered in Lookonchain, containing 202.4 billion PEPE on June 3. In total, opportunistic investors accumulated at least 881.67 billion PEPE during the month This.
On June 4, an unknown user transferred 365.96 billion PEPE worth $5.3 million to Binance for profit. In December 2023, he also withdrew 365.96 billion PEPE worth $494,000 from the MEXC exchange. Essentially, the investor turned $494,000 into $5.3 million in less than six months, generating a profit of $4.82 million with an ROI of 976%.
#pepe

Sunday evening, futures contracts on the US stock market were little changed, as traders waited for the US Federal Reserve's (Fed) interest rate decision and May inflation data.
Dow Jones futures index increased 13 points. S&P 500 and Nasdaq 100 futures contracts were unchanged.
Wall Street is having a positive week for the major indexes, with the S&P 500 hitting a record intraday high on Friday. The S&P 500 rose 1.32%. The 30-stock Dow inched up 0.29%, while the Nasdaq Composite rebounded 2.38%.
Nvidia notched a 10% gain last week as enthusiasm for artificial intelligence pushed the chipmaker's market capitalization past the $3 trillion mark for the first time.
Still, the Fed's latest interest rate decision and the May consumer price index expected on Wednesday could be a key test for markets, especially after a strong jobs report on Wednesday. on Friday, further suggesting the central bank may delay lowering interest rates.
Investors will analyze the Fed's updated forecast on the timing and frequency of interest rate cuts.
On Monday, investors will also keep an eye on Apple's Worldwide Developers Conference, where the iPhone maker is expected to make its latest software announcements.
As of now, BTC currently holds the $69,000 support zone. According to some, if the market somehow succeeds in overcoming the $72,000 resistance level, a recovery to new ATH levels at $75,000 and even higher will be possible.
Altcoins do not have too much volatility, but for some assets there are good signals.#BTC #pepe

At a time of chaos in the digital currency market, Nascent Ventures made a decision. They bought up to 447.67 billion PEPE coins for a whopping amount of 5.48 million USD.
According to Spot On Chain data monitoring, Nascent purchased a large amount of PEPE coins for the first time through the Binance trading platform, for a staggering total of 447.67 billion coins at a cost of 5.48 million USD .
Nascent has high expectations for PEPE's prospects but the market reaction remains relatively stable
Even in the context of high-level investment organizations like Nascent making wise decisions, market volatility and instability still have a profound impact on asset values ​​and investor psychology.
#pepecoin🐸 #pepe⚡

Recently, BNB Chain announced that it will perform the Haber hard fork on its BSC mainnet on June 20 at 14:05. Validators and node operators are required to upgrade to the latest version before the hard fork. Haber will only support one BEP: BEP-381, which is precompiled secp256r1 Curve support.
Support for just one BEP, BEP-381, shows that the approach is focused on a specific blockchain protocol. The details of the hard fork, including its exact timing and the specific BEPs it will support, are important to those involved in the BNB Chain. This information allows them to make the necessary preparations and adjustments to their systems in anticipation of a hard fork.#BNBChain⚡️ #bnb

The Thai Securities and Exchange Commission (SEC) has confirmed that One Asset Management (ONEAM) has become the first company to launch a Bitcoin spot exchange-traded fund (ETF) in the country, exclusively for investors. wealthy private organization.
ONE Bitcoin ETF Fund of Funds Unhedged and not for Retail Investors (ONE-BTCETFOF-UI) is expected to be distributed from May 31 to June 6, with an investment risk rating of 8.
The fund has a policy of investing in 11 leading global funds to ensure liquidity and safety, storing coins according to international standards and is being reviewed by international regulatory agencies in the US and Hong Kong.
ProShares has officially filed form 19b-4 with the U.S. Securities and Exchange Commission (SEC) in an effort to list and trade an Ethereum spot ETF on the New York Stock Exchange (NYSE).
The move confirms that ProShares views the Ethereum ETF as a new contender in the growing list of Ethereum ETFs in the United States.
Meanwhile, the SEC approved 19b-4 applications for eight other funds: VanEck, Invesco & Galaxy, Franklin Templeton, Grayscale, BlackRock, Fidelity, 21Shares and BitwiseInvest. In contrast, Hashdex withdrew its application for a spot Ether ETF.
#etherreum #ETFEthereum #ETH

Bitcoin network transaction fees temporarily increased to nearly $52
Bitcoin Network Is Currently Experiencing a Sudden Increase in Transaction Fees (As of June 7)
In US dollars, this equates to $50–$52 in fees per transaction. The priority fee was later reduced to approximately $46 per transaction.
According to blockchain journalist Colin Wu, the 332,000 unconfirmed transactions are believed to be the result of centralized exchange OKX collecting and processing wallets, although this was unconfirmed at the time of writing.
The mempool founder said “OKX started collecting wallet transactions from block 846,867, with over 2,380 transactions processed, spending 254.28 BTC (worth about $17.6 million USD), it seems they are operating an ineffective automated system, leading to auctions among its own transactions, causing transaction fees to become out of control.”
Concerns about miner difficulty, high network fees, and miner profitability on the Bitcoin network have become more apparent following the halving. In April, the average cost to mine one Bitcoin was $52,000. After the halving, the cost to mine one Bitcoin more than doubled, to an average of $110,000.#btc

US Treasury Secretary Janet Yellen expressed concern about the potential risks that artificial intelligence (AI) poses to the stability of the financial system (from keynote speech at the conference on AI and financial stability on June 6)
Yellen acknowledged the advances AI has brought to the financial sector, such as improved fraud detection and enhanced customer service through chatbots.

However, she and other experts warn that deeper AI integration could lead to increased risks, including the risk of AI being misused for fraud or market manipulation through misinformation.
The US Treasury Department has issued a request for information to gather insights from stakeholders on the uses, opportunities and risks of AI in the financial services sector. This initiative aims to inform future policy-making by combining expert opinion and current practice.
At the same time, Yellen's warning comes amid broader government scrutiny of both AI and the companies behind the technology. The DOJ is reportedly preparing to investigate multiple tech giants, including Nvidia and Microsoft, over antitrust and competition concerns related to AI technology.

Over the past 24 hours, Shiba Inu has seen its burn rate increase significantly, with millions of tokens destroyed.
According to Shibburn
This increase in SHIB burns coincides with a sudden increase in whale interest in SHIB, with the number of large SHIB-related transactions doubling this week compared to the average seen previously in 2024.
The Shiba Inu surpassed the daily SMA 50 at $0.00002471, following a strong recovery from an intraday low of $0.00002284 on June 4. The Shiba Inu extended the recovery to the highest level was 0.00002625 USD in today's trading session before encountering resistance. #Shibalnu #shib