Cryptocurrency discussion in the first U.S. presidential debate may affect market volatility, with Standard Chartered analysts predicting that Bitcoin prices may change significantly depending on the election outcome
The U.S. government sold 4,000 Bitcoins on June 27, but the market was not significantly affected. The Bitcoin sell order liquidity processed by Coinbase Prime under different market conditions ranged from 20,000 to 49,000 Bitcoins per day.
Tether’s total authorized amount of USDT on the TON blockchain is approximately US$580 million, of which the net circulation is US$519 million
State Street, one of the world’s largest investment managers, has partnered with Galaxy Asset Management to launch an ETF focused on cryptocurrency companies called SSGA Active Trust, which is currently awaiting approval from the U.S. Securities and Exchange Commission.
JP Morgan analysts expect that the sale of Bitcoin by Mt. Gox creditors next month will cause short-term pressure on the crypto market, but the market is expected to recover in August, and FTX creditor repayments may further support the market and promote the reinvestment of funds in crypto assets
Oracle API3 shifts its OEV network development focus to be based on Arbitrum Orbit to recapture the oracle extractable value of lending protocols
The UAE leads the world with a high proportion of cryptocurrency holdings at over 30% of the population, followed by Vietnam and the United States, while Singapore has a relatively low adoption rate $API3 $SOL $AEVO
6.26 Despite the market's fear, uncertainty and doubt (FUD), the net inflow of Bitcoin's largest wallets reached its highest point since late May
#币圈大事件 Tether has partnered with Uquid to launch the "1 USDT" store, which offers a variety of products priced below 1 USDT, including digital and physical goods, which can be accessed through the website or Telegram. BNB Chain launches the "Meme Heroes" program, allocating $900,000 to support the Meme Coin ecosystem to accelerate innovation on BNB Smart Chain. Despite the panic in the market, net inflows into Bitcoin's largest wallets reached their highest level since the end of May, with whale holders increasing their holdings by 7,130 bitcoins worth approximately $436 million in one day. Aave founder Stani Kulechov announced that the first Aave market customized for Lido will be launched soon, emphasizing that the flexibility of Aave V3 can meet the specific needs of different risk preferences, and looks forward to the development of more customized markets.
6.7 The European Central Bank cut interest rates by 25 basis points for the first time since 2019, becoming the second central bank in the G7 member countries to cut interest rates
#币圈大事件 #信息差 ● F1 McLaren Team launches free NFT series "Race Rewind" based on OKX's Ethereum second-layer network Layer X.
●$BNB Binance, the world's largest cryptocurrency exchange, has resumed its cooperation with Mastercard, allowing users to purchase cryptocurrencies through Mastercard, but Mastercard withdrawal services and Visa card services have not yet been resumed.
● $SAND The Sandbox raised $20 million in convertible debt financing, with a company valuation of $1 billion, and plans to launch a decentralized metaverse version for mobile devices in 2025.
●Franklin Templeton is considering launching a private fund for institutional investors that would invest in a variety of cryptocurrencies beyond Bitcoin and Ethereum.
#币圈大事件 ● Mask Network launched the first season of staking activities. Users can share 700,000 RSS3 and 40,000 TON rewards by staking MASK tokens. $MASK ● The cryptocurrency protocol M^0 has completed a $35 million Series A financing round and plans to deploy its layered structure on Ethereum, aiming to create a decentralized infrastructure that will enable institutions to mint stablecoins backed by U.S. Treasuries, thereby increasing market liquidity and operating independently of the traditional financial system. ● Coinbase Wallet launched a free commemorative NFT Mint event on the X platform and covered the gas fees of users using the wallet. Currently, more than 110,000 NFTs have been minted.
6.5 #币圈大事件 #信息差情报局 ●Bitwise Chief Investment Officer Matt Hougan believes that Washington's shift in political attitudes toward cryptocurrencies is underestimated by the market, and the crypto industry's strong political influence and Wall Street's acceptance will drive the market to achieve a major leap.
● The Astar Network Foundation proposed to destroy 5% of the Genesis allocation of ASTR tokens to cope with the Agile Coretime upgrade of the Polkadot network, and proposed to transfer 74 million ASTR rewards to the treasury. The community will discuss and vote for three weeks.
● Ethena Labs cooperates with Bounce Bit to provide BTC income generation services through BTC collateral to meet the market's huge demand for BTC income.
● Intella X, the Web3 game platform of Korean game publisher NEOWIZ, has become a strategic investor in CARV. The two parties plan to integrate their respective technologies and services to jointly promote the decentralized development of the game and AI industries, allowing players to own and earn their own game data and assets.
● Pendle announced that it has received 1,000,000 ARBs from Arbitrum, and the cooperation with Arbitrum will provide a strong impetus for the company's development.
● Jan Van Eck, CEO of VanEck, predicts that the market value of Bitcoin will reach half of the market value of gold in the next 5 to 10 years.
● Solana, as the fourth largest blockchain in TVL, is becoming a leading network adopted by institutions. The integration of financial institutions with Solana will ensure that its products are future-oriented, heralding more institutional moments in the next few years.
● Riot Platforms, a listed Bitcoin mining company, did not sell any Bitcoin during April and May, and currently holds a balance of up to 9,084 Bitcoins.
● The IOTA EVM mainnet was successfully launched. As a Layer 2 solution for the IOTA network, it has achieved full compatibility with the Ethereum Virtual Machine and introduced new features such as smart contracts, cross-chain functions, parallel processing and enhanced MEV security. At the same time, it is working with partners such as LayerZero, Stargate Finance, Pyth Network and Supra to promote the development of RWA. $BTC $IOTA $PENDLE
● Kraken platform's Bitcoin and Ethereum reserves fell to their lowest levels since 2018 and early 2016, respectively.
● The EU will implement new stablecoin rules on June 30, 2024. Binance will restrict European Economic Area users from using unauthorized stablecoins and gradually transition to regulated stablecoins to ensure compliance and reduce market interference
● Bernstein analysts believe that after Biden vetoed the SAB 121 repeal bill, the US SEC's political credibility in approving the Ethereum ETF has decreased, showing that its decision-making is more pragmatic to avoid legal disputes.
● Rabby Wallet posted a tweet with a camera photo on Twitter saying "Are you ready?", which may foreshadow an upcoming airdrop snapshot.
● State Street Bank reorganized its digital asset team and plans to provide cryptocurrency custody services, showing its increased confidence in the digital asset market and heralding that cryptocurrencies and tokenized assets will be more deeply integrated into the financial system.
● Theta Network's Theta EdgeCloud hybrid cloud computing platform is now available on AWS blockchain node runners, focusing on video, artificial intelligence and entertainment
● According to glassnode data, Bitcoin has only had strong performance on 5 days in the last 90 days, far lower than the 18 to 26 days in the historical bull market cycle, reflecting the current market's cautious attitude towards the bull market.
● Monochrome released a new commercial to promote its spot Bitcoin ETF
6.3 #币圈大事件 #信息差情报局 ● This week, multiple tokens including Liquity (LQTY), Galxe (GAL), Euler (EUL) and Hashflow (HFT) will be unlocked at one time, with a total value of more than $12 million.
● The European Central Bank is expected to cut interest rates by 25 basis points on Thursday, embarking on a different monetary policy path from the United States, and officials' tolerance for further easing will be key against the backdrop of continued consumer price pressures.
● Linea's total locked value (TVL) reached $1.2 billion and has achieved a growth of 10.82% in the past 7 days.
● Nigeria has become the country most interested in Bitcoin due to its low security level, low bank penetration and high proportion of millennials, but the government is preparing to introduce new regulations to ban currency and cryptocurrency P2P transactions.
● Nvidia CEO Huang Renxun announced that the company plans to launch the Blackwell Ultra AI chip in 2025 and develop the next-generation AI platform Rubin, equipped with HBM4 memory.
● Trump quickly attracted more than 1.1 million followers in just 10 hours of joining TikTok.
● Billionaire Chamath Palihapitiya predicts that the high point of the price cycle after Bitcoin halving may be between $200,000 and $500,000.
● 9 US politicians called on President Biden not to veto a bill that would allow banks and financial institutions to keep Bitcoin
● US Senator Cynthia Lummis emphasized the importance of Bitcoin to the future of the United States and called on the president to recognize this
● According to Forbes' real-time billionaire list on June 1, 2024, Elon Musk is currently the world's richest man, but if the price of Bitcoin rises by 210%, the wealth of its anonymous creator Satoshi Nakamoto will surpass Musk.
● Bitcoin miners' balances in May 2024 fell from those in early 2023, indicating that they increased selling to cover operating costs. The reduction in block rewards and the surge in transaction fees after the halving led to a fundamental change in miners' income sources, which could affect their future strategies.
● Michael Heinrich, CEO of 0G Labs, believes that anchoring AI models on a public blockchain helps establish permanent provenance tracking to monitor and analyze tampering, bias, or problematic data use in AI model training, thereby ensuring transparency and reliability of AI applications$GAL $HFT $BTC
● PCE data released at 8:30 tonight is expected to be 2.8%, which is lower than expected.
● Fed Bostic: There will be no interest rate cuts in July, but policies will be adjusted according to data
● There is a lot of buying for 4k/5k ETH call options at the end of June 2024
● Ethereum ETF S-1 form may take a few weeks to take effect and start trading.
● BlackRock may purchase $10 million of ETH to fund its Ethereum ETF
● After the Trump "hush money" case was established, the price of related Meme coins fell sharply📉, which will reduce the possibility of Trump winning the election!
● JPMorgan Chase: Ethereum spot ETF has an inflow of about $3 billion this year, which may double if staking is allowed
● BTC flowing into exchanges increased last night, stablecoins remained stable, and there was no sign of bottom-fishing inflows
● Ultiverse $ULTI farming to launch on OKX Jumpstart on June 3rd.
● $AR - Arweave to launch its scalable network’s $AO token on June 13th $AO tokens will be minted by bridging to AO, holding $AR , or building.
● $ARPA - ARPA Network has received $6 million in strategic investment led by Laser Digital and DeFiance Capital.
● $BOSON - Boson Protocol announces new staking pools to launch on June 1st.
● $DUSK - Dusk Foundation announces partnership with @BwreCapital. BWRE will offer €3.5 million worth of bonds starting June 3rd.
● $IOTX - IoTeX co-founder @Raullen hints that 90% of V2 is complete, indicating an imminent release.
● $SD - Stader releases multi-phase tokenomics reboot roadmap. Phase 1, Super Burn, begins June 25.
● $ZENT - Zentry announces strategic funding from Spartan, LongHash, Synergis, and DWF Labs to advance Metagame Layer.
● Terraform Labs and Do Kwon have tentatively agreed to settle SEC fraud case. $LUNA $LUNC $USTC
● Meme coin BOD officially launched on Solana Chain The coin was issued by British social influencer and hip-hop band member BOD (@bod_republic)
President Biden's re-election campaign has begun contacting key figures in the cryptocurrency industry
According to The Block, US President Biden's campaign is adjusting its stance on cryptocurrency and actively interacting with the cryptocurrency industry in anticipation of the 2024 presidential election. The team plans to attract the support of cryptocurrency voters by promoting innovation. The Biden campaign began contacting people in the cryptocurrency industry in the past two weeks, seeking guidance on "crypto communities and policies." Sources said they noticed a clear "shift" in the Biden administration and campaign in their approach to cryptocurrencies, and were more willing to understand digital assets and their communities.
This new effort to reach out came shortly after the Biden administration faced opposition signals that it would veto a so-called anti-crypto bill. This shift in attitude shows a huge difference from its previous cold attitude toward digital assets. In addition, the Biden administration's fiscal 2024 budget proposal includes changes to cryptocurrency tax rules, such as the "wash sale rule," which would eliminate tax deductions for losses incurred by quickly buying and selling the same or similar crypto investments. The move is expected to increase revenue by approximately $31.6 billion over a decade $BTC
The New York Stock Exchange has partnered with CoinDesk Index to launch a financial product that tracks the spot price of Bitcoin.
A trader purchased a $2 million Dogecoin call option that expires on June 14 and requires the price of Dogecoin to rise by more than 31% to make a profit
Fantom officially announced that the Opera chain upgrade was successful, reaching a 66% consensus level, and is expected to achieve high TPS and reduce node costs. More details on technology, token economics, etc. will be shared in the future.
Fortunafi, a real-world asset tokenization platform, has completed $9.51 million in strategic and seed rounds of financing, with a valuation of $48.165 million, and plans to launch a new stablecoin protocol called Reservoir next month.
Blocksquare successfully converted $100 million worth of real estate assets into tokens through a tokenization protocol, marking the first time that such a transaction has been notarized in the European Union, promoting the development of real estate tokenization.
PayPal has chosen the Solana blockchain to expand its stablecoin PYUSD, broadening its payment use with low-cost transactions, marking its first entry into an ecosystem outside of Ethereum.
Bitcoin is close to its all-time high, and long-term holders have begun to re-accumulate Bitcoin for the first time since December 2023. Market indicators show that buyer demand has rebounded, and Bitcoin prices have been relatively mild in the past three months.
The New York State Department of Financial Services has granted PayPal Digital a limited purpose trust license, which may mean that PayPal plans to take over the custody of its customers' crypto assets and internalize stablecoin issuance.
AI-driven DeFi platform Aperture Finance has completed its Series A financing, with a total financing amount of US$12 million and a valuation of US$250 million. The new funds will be used to develop the Intents infrastructure and expand the solver network. It is planned to launch the $APTR token on Bybit on May 31.
After the halving, the inflation rate of Bitcoin has dropped to 75% lower than the US inflation rate and 72% lower than the annual issuance of gold, making it an asset with a lower inflation rate than gold.
BlackRock's iShares Bitcoin Trust surpassed Grayscale to become the world's largest Bitcoin fund, with total assets of nearly $20 billion, while Grayscale's fund has seen capital outflows due to high fees and arbitrageurs' withdrawal.
Upbit's Korean Won Market will add Bounce Token (AUCTION) assets at 17:50 on May 29, and is expected to support trading at that time.
Riot Platforms (RIOT), an ambitious Bitcoin mining company that aims to become the world's largest listed mining company through mergers and acquisitions, is currently debt-free and has more than $1.3 billion in cash and Bitcoin. It is trying to acquire competitor Bitfarms to cope with the trend of Bitcoin mining industry consolidation towards large enterprises.
On the May 31 Bitcoin options expiration date, bulls are challenged to push the price above $70,000 to make a profit of $270 million, with Deribit holding 71% of the market.
Last week, digital asset investment products had a net inflow of US$1.05 billion, the third consecutive week of inflows. The cumulative inflow hit a new high of US$14.9 billion this year. Most of the funds flowed into Bitcoin ETP, while Ethereum and Solana also had significant inflows. It shows that market sentiment has generally turned positive.
The ERC7660 protocol has passed pre-review by the Ethereum Foundation, provides automated linear release function for memecoin, and has launched related infrastructure. The first meme token $DICK based on this protocol is undergoing airdrops.
OpenAI announced the establishment of a security committee and has begun training the next-generation cutting-edge model GPT-5, aiming to reach the next level of AGI capability, but the new model is not expected to be publicly released until next year.
The artificial intelligence infrastructure project GaiaNet successfully completed a US$10 million seed round of financing, aiming to develop a decentralized AI tool network, provide more private and secure educational tools, and cooperate with the University of California, Berkeley, to develop AI chat designed for STEM students Robot "teaching assistant".
FLock.io has launched a network application that supports customized AI models for Web3 and Web2 projects. It participates in tasks by staking tokens, provides diversified participation methods such as training nodes, verifiers, and delegators, and uses on-chain model consensus to determine rewards. Distributed to promote data privacy protection and network efficiency.
The oracle protocol Switchboard completed a $7.5 million Series A round of financing, led by Tribe Capital and RockawayX, with the total guaranteed value reaching approximately $1.75 billion.
DePIN infrastructure Parasail completed a US$4 million seed round of financing, led by Protocol Labs, with a total valuation of US$50 million. The new funds will be used to accelerate the implementation of product functions and improve the security of hardware services. Currently, Parasail TVL has exceeded US$50 million. .
Fed official Kashkari predicts no more than two interest rate cuts in 2024
5.28 Evening #币圈大事件 #信息差情报局 Elon Musk's artificial intelligence company Neuralink has completed a $6 billion Series B financing round, with participation from investors such as a16z
After leaving NetEase Cloud Music in December 2023, Ding Bo, the founder of NetEase Cloud Music, plans to use NFR technology to create a fan-led Web3 music platform to attract the public to become investors in copyrighted content
Grayscale's upcoming Ethereum spot ETF is expected to have a daily outflow of up to $110 million
Crypto broker FalconX will launch a foreign exchange trading desk in London, which will be provided by the BCB Group team, covering 20 foreign exchange pairs, led by Ben Sebley, and a team of 5 people
Mt. All the bitcoins in Gox's cold wallet have been transferred to a new wallet, with a balance of 141,000 BTC, while most of the bitcoins are expected to be held. At the same time, the deadline for creditor compensation has been extended to October 2024, and the price of bitcoin has been affected and fell for a time.
After experiencing a 134% price increase, the development team of PEPE tokens sold a large number of tokens through Binance and DEX before the price fell, and currently still holds PEPE tokens worth about $42.7 million.
Bitcoin liquidity financial layer project Lorenzo Protocol announced that the mainnet beta version has been launched.
AI-driven Web3 sports application dotmoovs announced the "MOOV The Meme" tournament, in which participants need to download the application and stake MOOV tokens to win points by doing squats. The competition will be held from June 3 to June 9, with a total prize of more than $50,000.
At least two of Russia's top metal producers have begun using Tether Holdings' stablecoins and other cryptocurrencies for cross-border transaction settlements, reflecting the Russian central bank's shift in attitude towards cryptocurrencies, from considering a total ban to supporting experimental use in international transactions.
5.28 #币圈大事件 #信息差情报局 Binance, the largest shareholder of the Korean cryptocurrency exchange Gopax, sold Gopax's Genesis asset claims at less than half of the face value, causing Gopax to lose at least tens of billions of won after the virtual asset price soared
On-chain detective ZachXBT found that the meme token CAT team was related to the hacker attack and opened a long position through the Hyperliquid platform. The team then controlled most of the supply and sold a large number of CAT tokens, transferring profits to multiple wallets. The relevant funds appeared on the Kucoin and MEXC exchanges
Floki developers launched a Telegram-based trading robot tool that allows FLOKI holders to trade any token on the BNB Chain network. It will be open to the public in mid-June after Beta testing, charging a 1% fee for each transaction, 50% of which is used to purchase FLOKI To increase its market demand
Grayscale and BlackRock increased their holdings of Bitcoin on May 27, with Grayscale increasing its holdings by 216 and BlackRock increasing its holdings by 2,642. A total of nine US Bitcoin ETFs increased their holdings by 3,028, with a total value of more than $211.8 million
Among Soros' top stocks held in the first quarter of 2024, MicroStrategy's shares are worth about $135 million, making it one of his most eye-catching holdings
Sphere Labs has launched a new Telegram extension that allows users to transfer funds between banks and wallets within the Telegram app, and plans to open it to early users on May 27, and is expected to be fully launched later this year
The U.S. Securities and Exchange Commission (SEC) may change its position and classify Ethereum (ETH) under the Investor Protection Act
The Velodrome Protocol announced that it will expand to the OP superchain's Layer 2 network Metal, becoming its fifth deployed superchain Layer 2
SSV.Network Released an expansion roadmap, planning to reduce hardware requirements by 75-90% in stages within a year through encryption, consensus and network optimization to support more than 200,000 validators while maintaining the hardware requirements of a 4-core CPU
Bitfinex Alpha report believes that although ETH may fluctuate and consolidate in the short term, its price is expected to rise strongly if it breaks through the $4,000 resistance level
NodeOps, a blockchain node orchestration platform, announced the completion of a $5 million seed round led by L1D, which aims to simplify node deployment and management and support integration with multiple blockchain networks. $SSV $FLOKI $velodrome
5.27 #币圈大事件 SoftBank plans to invest nearly $9 billion a year in artificial intelligence to achieve its most radical transformation, although the CFO did not comment on Arm chip production plans
Apple will launch the "Gray Matter Project" integrating AI tools at the developer conference next month, including voice memo transcription, AI photo retouching, improved search and other functions, and negotiate with OpenAI to integrate chatbots, while emphasizing privacy protection
Huang Licheng's investment loss on the FRIEND project reached $7.95 million, a loss of 52%. The current market price of FRIEND is only $0.92, far below its average purchase cost of $1.9.
Crypto trader Ansem predicts that the volatility of mainstream cryptocurrencies will decrease this summer, but volatility will rise again as the US election approaches.
Venezuelan authorities have seized more than 17,000 Bitcoin mining machines in two operations, led by the Ministry of Electricity and the state-owned power company Corpoelec.
Chen Peiquan, executive director of Shengli Securities, believes that Hong Kong can take advantage of the "one country, two systems" policy and develop virtual asset ETFs to not only provide a testing ground for the relaxation of mainland policies, but also expand trading space and strengthen Hong Kong's position as an international financial center.
The decentralized oracle protocol Tellor was successfully deployed to Bitcoin's second-layer network BOB.
Ethena Labs' official Twitter announced that USDe is integrated with Infinex, a new user experience layer of DeFi. From May 28, users can not only earn income through Ethena's USDe deposits, but also get Infinex's governance points (GP).
Donald Trump's cryptocurrency holdings are worth more than $10 million, with 579,000 TRUMP and 463 ETH as the main assets, thanks to the rise in the price of memecoin TRUMP.
Conflux Network plans to upgrade the v2.4.0 test network at 15:00 on May 30, of which 12 CIPs will be enabled at 23:00 on May 30, and CIP-136 will be activated at 3:00 on May 31. $ENA $CFX
ETFStore President Nate Geraci expects the SEC to make a decision on spot EthETF this week, but the approval process may face delays due to the speed of 19b-4s and S-1s filings.
Since the issuance of Hong Kong Virtual Asset Spot ETF, the overall asset size has not changed much, with Bitcoin ETF dominating the market. However, the market is optimistic about the innovation potential of Ethereum ETF and looks forward to the improvement of liquidity and the growth of trading volume in the future.
As of May 14, the size of the Fed's balance sheet dropped to approximately US$7.3 trillion, and the cumulative balance sheet reduction since May was approximately US$58.2 billion.
The decentralized AI project MyShell announced that it will launch its advanced NFT product MySoul at the end of May, with a total supply of 3333, of which 65% will be allocated to testnet users, 10% to the MyShell community, 15% to the MyShell Treasury, and the remaining 10% Assigned to NFT launchpad and community partners
BounceBit has released a 2024 roadmap, aiming to focus on building CeDeFi products through the three pillars of BounceBit Portal, BounceBit Chain and BounceClub, providing a user-friendly interface and settlement execution layer, and building services and ecosystems
Bitcoin has improved significantly since last week and has rebounded to the $67,500 resistance zone in late April and surpassed the $64,000 high in early May. A breakout of $67,500 could set a new all-time high, while $68,300 becomes the new focus.
DWF Labs announced that its institutional-grade OTC trading platform DWF Liquid Markets has added new trading pairs for cryptocurrencies such as ZeroLend, Flare, Viction, Saros, OriginTrail, Map Protocol and Zentry, and supports USDT trading.
The Acala team proposes to shorten the staking unlock period of ACA from 28 days to 14 days to increase liquidity and participation and promote the development of the network and community.
The cryptocurrency market is experiencing a trend of token issuance with high valuations and low initial circulation, which may lead to selling pressure when tokens are unlocked in the future. Investors and project teams need to carefully consider token economics and valuation.
OKX Web3 Wallet has reached a strategic cooperation with HackQuest, a Web3 education platform, to jointly build a developer education ecosystem, support cooperation projects with top universities around the world, and launch developer education courses, hackathons, and project incubations.
Digital asset investment products saw a second consecutive week of inflows, totaling $932 million, led by the U.S. market, with Bitcoin and multiple altcoins showing inflows, while Ethereum and blockchain stocks continued outflows