ππ€ Ecoinometrics: #BTCβs volatility has dropped to the 10th percentile, lower than 90% of weeks in the last decade. Thatβs despite hitting a new ATH and rallying in May.
This is not the old Bitcoin. Itβs entering a new regime: strong returns without wild swings. Thatβs a game-changer for allocators managing volatility budgets.
This is not the old Bitcoin. Itβs entering a new regime: strong returns without wild swings. Thatβs a game-changer for allocators managing volatility budgets.
π Glassnode: #BTC jumped from $105K to $108K today - likely fuelled by a wave of short liquidations. Over just 4 hours, total short liquidations spiked from $105K to $359K (24H SMA). Last weekβs negative funding rates had pointed to rising short appetite, and today, those bets got squeezed.
π Santiment: Traders are seeing the second largest surge in #FOMO in the last 2 weeks.
Historically, markets move in the opposite direction to retailers' expectations.
Historically, markets move in the opposite direction to retailers' expectations.
π€ #PUMP Turns out 93 out of the top 100 Pumpfun/pumpswap wallets are bots. Amidst the rumored airdrop of PUMP token, the Pumpfun team is sure to add simple bot filtering. source
π #BTC Sentora: ~$250 million worth of BTC was deposited into exchanges yesterday, the first day of significant net inflows since May 27.
π The total value of stablecoins in circulation has climbed past $250B, more than doubling from a ~$123B low in mid-2023.
#USDT remains dominant at 62%, followed by #USDC at 24%, while a growing tail of stables like #USDe, #DAI, and #BUIDL gains ground.
#stablecoin supply acts as cryptoβs monetary base, and its steady growth signals increasing liquidity, investor confidence, and readiness for deployment.
#USDT remains dominant at 62%, followed by #USDC at 24%, while a growing tail of stables like #USDe, #DAI, and #BUIDL gains ground.
#stablecoin supply acts as cryptoβs monetary base, and its steady growth signals increasing liquidity, investor confidence, and readiness for deployment.
πΊπΈπΉ SEC Chairman Paul Atkins:
- I favor providing greater flexibility for market participants to self-store cryptoassets, especially where intermediation imposes unnecessary transaction costs or limits the ability to engage in steering and other online activities;
- SEC is working on policies to exempt DEFI platforms from regulatory barriers;
- DeFi software developers should not be held responsible for how their tools are used;
- SEC needs to change rules to provide incentives to issuers in blockchain systems.
- I favor providing greater flexibility for market participants to self-store cryptoassets, especially where intermediation imposes unnecessary transaction costs or limits the ability to engage in steering and other online activities;
- SEC is working on policies to exempt DEFI platforms from regulatory barriers;
- DeFi software developers should not be held responsible for how their tools are used;
- SEC needs to change rules to provide incentives to issuers in blockchain systems.
πΊπΈπ¨π³ Bessent and Lutnick said the US-China talks were fruitful. The meeting of representatives will continue tomorrow. #tradewars
β
#OGN Origin Protocol: A motion to use DAO assets valued at over $3 million to buy back OGN received unanimous quorum support.
ππ #VERSE Verse World released the VERSE token a couple hours ago, which has already exceeded a $1 billion market cap.
π£ #TON Pavel Durov gave a new interview to Tucker Carlson β here are the key takeaways:
- His arrest in France was illegal and violated EU protocols β now tech CEOs are rethinking visits to France.
- Telegram shares suspectsβ IPs and phone numbers (not messages) when legally required.
- Telegram earned over $500M in profit last year and hit 1 billion monthly users, becoming the #2 messenger globally.
- The platform is issuing bonds via JPMorgan, one of the worldβs largest banks.
- Telegram remains a neutral, proβfree speech platform β spending millions on legal compliance across 200+ countries.
- His arrest in France was illegal and violated EU protocols β now tech CEOs are rethinking visits to France.
- Telegram shares suspectsβ IPs and phone numbers (not messages) when legally required.
- Telegram earned over $500M in profit last year and hit 1 billion monthly users, becoming the #2 messenger globally.
- The platform is issuing bonds via JPMorgan, one of the worldβs largest banks.
- Telegram remains a neutral, proβfree speech platform β spending millions on legal compliance across 200+ countries.
ππ #BTC Coinglass: More than 65,800 BTC (~$7.1 billion) has been withdrawn from cryptocurrency exchanges in the last week.