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[DAILY NEWS]

⚡️ FTX acquires Bitvo, continuing its expansion into the Canadian market. FTX has decided to acquire Bitvo, indicating that Canada is the next market this second-largest exchange in the world is entering.

⚡️ Immutable establishes a $500 million fund to develop the Web3 gaming sector. Ethereum layer-2 startup Immutable has announced a $500 million development fund to finance blockchain projects, particularly in the gaming sector.

⚡️ Binance CEO predicts the "crypto winter" will last longer. Changpeng Zhao believes the market has officially entered a crypto winter that will last for at least another 2 years.

⚡️ Bitcoin price plummets, investment companies lose billions of USD. The continuous decline in Bitcoin's price is dragging down the portfolio values of funds and organizations. MicroStrategy is currently the hardest-hit fund, with a loss of $1.2 billion.

⚡️ In addition to being a leading exchange, CoinEx is also building a multi-million dollar charity fund.
The Paris 2024 Olympics will use NFTs as tickets for attendance.
VC Crypto Status 📌

The combination of #poor risk management, #greed, and #recklessness has led to insolvency, causing serious consequences.

—— Just like the saying ——

If you borrow $100k USD and you can't pay it back, you'll be in trouble.

If you borrow $100 million USD and you can't pay it back, the lender will be in trouble.

Source: CryptoViet
⚡️$MIM - the stablecoin of the Abracadabra ($SPELL) project has depegged.

📌Are stablecoins all depegging????
⚠️⚠️ IDO Delay Announcement: BSCStation x ShibaFriend

📍 Due to the adverse market, BSCStation will postpone ShibaFriend IDO on our platform from June 21st to June 28th. Therefore, the whitelist will be extended until June 26th, and the whitelist announcement will be released on June 27th.

Whitelist Form: Here

BSCStation would like to show our gratefulness to all users who are always patient with us. Further information will be updated on our Media and Community Channels.

⭐️ ShibaFriend Official Media Channels:
Offical Community Channel | Twitter | Website | Medium | Facebook | Discord
⭐️ BSCStation Official Media Channels:
Website | Telegram | Substack | Twitter | Discussion | Youtube
⚡️Powell: "A digital currency from the U.S. central bank is being examined to "support the international standing of the U.S. dollar."

📌Will the market trend upwards again when the U.S. digital currency launches???
🔥🔥BTC dropped to 19k🔥🔥

⚡️Officially below the highest peak of the previous cycle in 2017.

📌 How will the market develop from here?
The CME gap at 18kxx has been filled. Will there be another bounce, or are we just exhausted from DCAing, Grab to Earn? 😢😢
- Ethereum at a price of 984 USD
- Bitcoin at 18,700 USD
- Total market capitalization at 820 billion USD

Altcoins are also significantly affected, with the market engulfed in red. If there are still stablecoins, which names would everyone choose to put in their "bag"?

This is not the first time Bitcoin has crashed - the market has crashed; history has witnessed many such corrections.

In terms of volatility, in the past, Bitcoin lost 83% of its value in just 3 days. Specifically in 2017, there were a total of 5 corrections with a range of 40%.

You can read about previous crashes in the following article
https://coin98.net/bitcoin-sap-qua-trinh-hoi-phuc

Source: Coin98
⚡️CZ shares: "A 4-year cycle, 2 years bear, 2 years bull. But history may not predict the future. And I cannot foresee the future."

📌 Details: here
🔥🔥Three Arrows Capital transferred ETH to Binance🔥🔥

⚡️A total of 25,323.64 ETH was transferred in six transactions and then sent to Binance.
1/2 of the mining machines have had to stop + continuously transferring BTC to exchanges to cut losses.

According to calculations, if BTC drops to 11 - 12k, it will kill all the mining machines. 😢😢
🔥🔥Elon Musk suggests Twitter will integrate cryptocurrency payments🔥🔥

⚡️Tesla and SpaceX CEO, Elon Musk, who may become the new owner of Twitter Inc., had his first one-on-one meeting with Twitter employees on Thursday. During the meeting, Musk mentioned cryptocurrency several times.

⚡️Elon Musk said: "I think it makes sense to integrate payments into Twitter to easily send money back and forth, both fiat currency and cryptocurrency - basically, anything that someone would find useful."

📌 What do people think if Elon Musk runs Twitter?
⚡️The current liquidation price of Celsius is $13600.

📌With the current market situation, BTC has broken the 20k resistance. So, will BTC drop to Celsius's liquidation price?
[DAILY NEWS]

⚡️Alameda Research lends 485 million USD in crypto to a cryptocurrency company. Amidst major players facing "liquidity issues," Voyager Digital announced it has borrowed 485 million USD from Alameda Research.

⚡️US lawmakers send a letter to the EPA to advocate for the benefits of Proof-of-Work (PoW). The US Congress has sent another letter to the Environmental Protection Agency (EPA) with more educational materials about Proof-of-Work. The letter was co-signed by 14 congressional representatives supporting cryptocurrency.

⚡️Investors in Latin America prefer to buy Bitcoin rather than hold cash. Investors in Latin American countries would rather hold Bitcoin with its fluctuating value than use their constantly depreciating local currency.

⚡️SEC commissioner asserts it's time to stop rejecting BTC Spot ETFs. Commissioner Hester M. Peirce has urged the SEC to "stop rejecting cryptocurrency exchange-traded products."

⚡️Price drop makes BTC mining no longer profitable.
🔥🔥Elon Musk will continue to support DOGE🔥🔥

⚡️Despite the recent lawsuit, Elon Musk confirmed that he will continue to support Dogecoin.
💥💥The price of Bitcoin on Father's Day each year:

2022: $19,583
2021: $35,665
2020: $9,322
2019: $9,133
2018: $6,718
2017: $2,559
2016: $753
2015: $247
2014: $605
2013: $105
2012: $6
2011: $18
2010: $0.01
2009: $0

Source: St
USDD of TRX is experiencing a significant depeg. Could it be the second UST? 🤔🤔
🔥🔥CIO of Blackrock: Bitcoin and cryptocurrencies are durable assets - Prices will rise higher🔥🔥

⚡️Rick Rieder - Global Chief Investment Officer for Fixed Income at Blackrock, the world's largest asset management company, stated that bitcoin and cryptocurrencies are durable assets.

⚡️Rick Rieder also mentioned and noted that "if you look two to three years out, they will be higher than they are today."
The "seizure" vote for the whale wallet on Solend (the voting community of Solana) has ended.

With a support rate of 98.2%, the Solend community has granted the project the right to take over the "whale" wallet 3oSE... and liquidate collateral assets through OTC in case the price of SOL approaches $22.30.

Source: Zero money
[DAILY NEWS]

⚡️The President of El Salvador gives advice to investors during the "crypto winter." The President directly posted on his personal page to advise investors not to look at price charts anymore but instead to find ways to truly enjoy life.

⚡️DOGE rises 13% after Elon Musk confirms buying more memecoin. Tesla CEO Elon Musk has reaffirmed his support for Dogecoin (DOGE) amid a significant price drop.

⚡️Miners sell Bitcoin, increasing pressure on the market. Financial reports from publicly traded mining companies show they have had to quadruple their cryptocurrency sales to cover operations.

⚡️A whale has collateralized 95% of its SOL on Solend and is at risk of liquidation at a price of $22.27. Solend proposed to temporarily seize the whale's wallet to facilitate liquidity through OTC, and it has been approved.

⚡️The Central Bank of Israel collaborates with Hong Kong to test the feasibility of CBDC.