Just In: Despite widespread criticism from the community, Binance announced that it will list ZKsync (ZK) and open trading for the following spot trading pairs at 2024-06-17 08:00 (UTC). — link

Binance: In light of the ongoing concerns from the community around ZK token distribution, Binance is offering 10,500,000 ZK tokens to up to 52,500 Binance users who meet all of the following criteria.

Bithumb, South Korea's second largest crypto exchange, announced that it will launch ZKSync (ZK). — link

Recently, the number of Base DEX trading users has continued to grow, reaching 267k on June 17, a record high. Base DEX trading users have now surpassed BNB Chain and is second only to Solana. This is related to the more active Meme market on the Base chain. — link

Coin98 Analytics published a chart pointing out that the ranking of popular DAPPs calculated by the unique active wallet addresses in the past 30d are: decentralized socialfi UXLINK (5.2 million), HOT Game (4.39 million), Raydium (4 million), Jupiter (3 million), shooting game Matr1x (2.5 million), motoDEX (2.3 million). — link

South Korean media reported that exchanges will inspect 600 tokens listed after the implementation of the virtual asset law next month. This panic may be the reason for the decline of altcoins. However, the South Korean government stated that it is not directly involved in the review. — link

On June 17, the total net outflow of Bitcoin spot ETFs was $146 million, with Fidelity FBTC outflowing $92 million and ARKB outflowing $50 million. There have been net outflows in 5 of the past six days. — link

JUST IN: 🇺🇸 Donald Trump says on day one he will throw out Bidenomics and replace it with Maganomics if elected President.

JUST IN: 🇺🇸 SEC permanently suspends its investigation into Ethereum.

JUST IN: 🇺🇸 Donald Trump's former advisor says the president and his son haven’t launched a memecoin.

JUST IN: MicroStrategy buys another 11,931 Bitcoin ($786 million).

JUST IN: Michael Saylor's MicroStrategy now holds 226,331 Bitcoin worth $14.7 billion.

According to Fortune, the U.S. CFTC is investigating the cryptocurrency business of trading firm Jump Crypto, including its trading and investment activities. Jump Crypto was involved in the $325 million Wormhole hack and lost nearly $300 million in the FTX crash. Jump Crypto played an important role in the Terraform Labs case. — link

On June 20, the total net outflow of Bitcoin spot ETFs was $140 million, the fifth consecutive day of outflows, Grayscale ETF GBTC had a single-day outflow of $53.1022 million, and BlackRock ETF IBIT had a single-day inflow of $1.4791 million. Currently, the total historical net inflow of IBIT has reached $17.643 billion. — link

According to Spot on Chain, 21M LINK ($295 million) was unlocked from Chainlink's non-circulating supply contracts today, including: 18.25M LINK ($264 million) transferred to Binance. Since August 2022, Chainlink has unlocked 127M LINK, and there are still 391.5M LINK ($5.4 billion) left in 24 contracts. — link

💸 Overview of the causes of market fear Macro situation: The impact of S&P500 and Nasdaq, investors worry about the Fed lowering interest rates and the beginning of a recession. BoJ raises interest rates, the Yen appreciates, causing yen transactions to be called for margin and have to recover assets.

In which, yen transactions are a short-term trend that exists due to the interest/exchange rate difference, concerns about a longer-term recession.

Geopolitical tensions: Tensions escalate between Iran and Israel in the Middle East. Trump's odds of winning the presidential election drop from 75% to 55%.

Jump Trading sells ETH: Jump Trading withdrew 120k wstETH (worth about 500 million USD) and then converted to ETH, sent it to the exchange to sell and collect stablecoins. In fact, Jump has been operating since July 24 and has continued to send ETH to Binance in recent days.

ETF Flows: BTC Spot ETF net -$237 million, ETH ETF net -$54 million. However, a positive sign as Grayscale's ETHE is no longer discounted after net selling $2.2 billion to the market.

Supply: Continuous BTC selling news from the German Government (50k BTC), the US Government (currently holding 203k). A positive sign is that Mt.Gox has completed BTC & BCH payments to more than 70% of creditors. Currently MT.Gox only holds 46k BTC compared to the original 142k.

The #Altcoins trading volume is exploding!🚀

UPDATE: Donald Trump currently holds $5.4M in crypto.

His top holding is ETH.

BREAKING: $105,000 Bitcoin

@Bitcoin_Price

Technical Analysis & Short-term Trend
• Strong Resistance: $1,700 – $1,722
• Important Support: $1,500 – $1,550
• RSI: ~41, indicating the market is in a weak neutral zone, with a possibility of recovery if it breaks above 50.  

Currently, ETH is in an accumulation phase, with the possibility of fluctuating in the $1,550 – $1,750 range. If it breaks above $1,722, it could open a short-term recovery to $2,000.