The record series of inflows into spot Bitcoin ETFs has ended.
💰 On June 10, Investors withdrew $64.9 million from spot Bitcoin ETFs, breaking the positive trend observed over the past 19 days 🧐, according to SoSoValue.
🌊 During the longest wave, BTC-ETFs saw about $4 billion in inflows, with a total of $15.62 billion since the approval of these instruments in January.
👀 Clients of Grayscale's GBTC reduced their positions by $40 million, Invesco's BTCO by $20 million, and Valkyrie's VKRR by $16 million. Other products either saw no changes or minor inflows. For instance, Bitwise's BITB attracted $8 million, and BlackRock's IBIT brought in $6 million.
📝 The sentiment was influenced by an unfavorable employment report in the US. Following the release of macroeconomic data, the price of Bitcoin fell below $70,000 and has since dropped below $68,000, while Ethereum has fallen below $3600. 📉
💰 On June 10, Investors withdrew $64.9 million from spot Bitcoin ETFs, breaking the positive trend observed over the past 19 days 🧐, according to SoSoValue.
🌊 During the longest wave, BTC-ETFs saw about $4 billion in inflows, with a total of $15.62 billion since the approval of these instruments in January.
👀 Clients of Grayscale's GBTC reduced their positions by $40 million, Invesco's BTCO by $20 million, and Valkyrie's VKRR by $16 million. Other products either saw no changes or minor inflows. For instance, Bitwise's BITB attracted $8 million, and BlackRock's IBIT brought in $6 million.
📝 The sentiment was influenced by an unfavorable employment report in the US. Following the release of macroeconomic data, the price of Bitcoin fell below $70,000 and has since dropped below $68,000, while Ethereum has fallen below $3600. 📉
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Bitcoin is already below $67,000 👀
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🚀 MetaMask Launches Pooled Ethereum Staking!
🦊 MetaMask, a top Ethereum wallet, now offers pooled staking, making it easy for users to stake any amount of ETH with enterprise-grade validators while maintaining full control of their assets.
💰 Ethereum staking lets validators participate in transaction verification, earning rewards if they perform well and facing penalties if they don't. Usually, you need 32 ETH to become a validator—a barrier for 99% of holders.
👀 With MetaMask's pooled staking, users can stake any amount of ETH and earn rewards, contributing to network security without needing 32 ETH.
🚫 This service isn't available for users in the US or UK. Currently, it’s accessible to a select group, with a broader rollout coming soon.
Stay tuned for more updates! 🌐✨
🦊 MetaMask, a top Ethereum wallet, now offers pooled staking, making it easy for users to stake any amount of ETH with enterprise-grade validators while maintaining full control of their assets.
💰 Ethereum staking lets validators participate in transaction verification, earning rewards if they perform well and facing penalties if they don't. Usually, you need 32 ETH to become a validator—a barrier for 99% of holders.
👀 With MetaMask's pooled staking, users can stake any amount of ETH and earn rewards, contributing to network security without needing 32 ETH.
🚫 This service isn't available for users in the US or UK. Currently, it’s accessible to a select group, with a broader rollout coming soon.
Stay tuned for more updates! 🌐✨
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Airdrop hunters are whitelisted on ZKsync!
👀 According Artemis the Sybil Hunter, over 2,000,000 ZK will be distributed to multiaccaunt users. What's more, nearly all of them are flagged on the @LayerZer sybil list! 😁
Admit it, who owned the farm? 😎
👀 According Artemis the Sybil Hunter, over 2,000,000 ZK will be distributed to multiaccaunt users. What's more, nearly all of them are flagged on the @LayerZer sybil list! 😁
Admit it, who owned the farm? 😎
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Uniswap Acquires Crypto: The Game
🦄 Uniswap, the decentralized exchange developer, has purchased the hit reality-style crypto game "Crypto: The Game" (CTG) just before the new season kicks off.
🏝 "Crypto: The Game" is a Web3 survival game launched in January 2024, inspired by shows like Survivor and Squid Game. 800 players compete over ten days, facing elimination through challenges and votes until only one winner remains to claim the prize pool. Registration requires purchasing tickets for around 0.1 ETH.
▪️First season winner from Japan took home $150,000.
▪️ Second season finalist donated his prize of 71.8 ETH (~$210,000) to Tornado Cash developers.
▪️ NFT tickets for the spring season sold out in 15 minutes, with some reselled at a 40% premium.
CTG founders Dylan Abruscato, Tyler Kagle, and Brian Lee will continue developing the game as Uniswap Labs employees.
🦄 Uniswap, the decentralized exchange developer, has purchased the hit reality-style crypto game "Crypto: The Game" (CTG) just before the new season kicks off.
🏝 "Crypto: The Game" is a Web3 survival game launched in January 2024, inspired by shows like Survivor and Squid Game. 800 players compete over ten days, facing elimination through challenges and votes until only one winner remains to claim the prize pool. Registration requires purchasing tickets for around 0.1 ETH.
▪️First season winner from Japan took home $150,000.
▪️ Second season finalist donated his prize of 71.8 ETH (~$210,000) to Tornado Cash developers.
▪️ NFT tickets for the spring season sold out in 15 minutes, with some reselled at a 40% premium.
CTG founders Dylan Abruscato, Tyler Kagle, and Brian Lee will continue developing the game as Uniswap Labs employees.
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Donald Trump Promises to Protect Mining
🇺🇸 U.S. presidential candidate Donald Trump met with Bitcoin Magazine CEO David Bailey and several prominent miners in the U.S.
Specifically, representatives from CleanSpark, Riot Platforms, Marathon Digital, and others attended the meeting.
Trump told the meeting participants that he loves and understands cryptocurrencies. In his opinion, mining helps stabilize power supply within the energy system. 🥰 🔋
He also committed to representing miners in the White House and protecting mining both in Washington and on the global stage. 🛡
🇺🇸 U.S. presidential candidate Donald Trump met with Bitcoin Magazine CEO David Bailey and several prominent miners in the U.S.
Specifically, representatives from CleanSpark, Riot Platforms, Marathon Digital, and others attended the meeting.
Trump told the meeting participants that he loves and understands cryptocurrencies. In his opinion, mining helps stabilize power supply within the energy system. 🥰 🔋
He also committed to representing miners in the White House and protecting mining both in Washington and on the global stage. 🛡
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Expert Declares "Last Chance" to Buy Cheap Altcoins
📊 Expert Michaël van de Poppe believes now is the perfect time to invest in altcoins, as the market is in a "price vacuum." This is the last chance to buy altcoins at low prices.
🔍 Van de Poppe noted that while Solana is performing well and Bitcoin has reached a record high due to the launch of a spot ETF, altcoins have not yet shown growth. He expects this to change soon.
📉 Positive signals include the ECB's rate cut, potentially followed by the Fed, and the approval of form 19b-1 for Ethereum-ETF, which adds market optimism despite not being fully launched.
📈 The approval of a spot Bitcoin-ETF did not lead to immediate price increases in the past, but Bitcoin's price eventually rose from $40,000 to $73,000. Van de Poppe anticipates Ethereum funds launching soon and believes Ethereum will be classified as a commodity.
💡 He advises focusing on assets that haven't shown significant growth yet and promises to share his positions on social media.
📊 Expert Michaël van de Poppe believes now is the perfect time to invest in altcoins, as the market is in a "price vacuum." This is the last chance to buy altcoins at low prices.
🔍 Van de Poppe noted that while Solana is performing well and Bitcoin has reached a record high due to the launch of a spot ETF, altcoins have not yet shown growth. He expects this to change soon.
📉 Positive signals include the ECB's rate cut, potentially followed by the Fed, and the approval of form 19b-1 for Ethereum-ETF, which adds market optimism despite not being fully launched.
📈 The approval of a spot Bitcoin-ETF did not lead to immediate price increases in the past, but Bitcoin's price eventually rose from $40,000 to $73,000. Van de Poppe anticipates Ethereum funds launching soon and believes Ethereum will be classified as a commodity.
💡 He advises focusing on assets that haven't shown significant growth yet and promises to share his positions on social media.
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Outflow of Funds from Bitcoin ETF Continues, $265 Million in 2 Days!
🤷 Peter Schiff was right! He stated that Bitcoin ETFs have made the crypto market more unstable. "Everyone who bought this instrument will become future sellers!"
👀 Miners are also actively selling Bitcoin now. However, they haven't pressured the market as all transactions were conducted off-exchange. On June 10, they sold 1,200 BTC ($80 million) – the highest since the end of March.
🐳 But this Bitcoin whale from 2018, who woke up yesterday and transferred 8,000 BTC ($535 million) to the Binance exchange, certainly contributed to the price drop.
🤷 Peter Schiff was right! He stated that Bitcoin ETFs have made the crypto market more unstable. "Everyone who bought this instrument will become future sellers!"
👀 Miners are also actively selling Bitcoin now. However, they haven't pressured the market as all transactions were conducted off-exchange. On June 10, they sold 1,200 BTC ($80 million) – the highest since the end of March.
🐳 But this Bitcoin whale from 2018, who woke up yesterday and transferred 8,000 BTC ($535 million) to the Binance exchange, certainly contributed to the price drop.
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💰 In just one day, more than 336,000 ETH ($1.2 billion) were withdrawn from Coinbase yesterday — the highest amount this year. It's intriguing to think who might need that much; are whales preparing for the ETF launch? 🧐
Nate Geraci commented on this:
Nate Geraci commented on this:
I will be surprised if spot eth ETF S-1s not approved by end of month… No reason for delay.
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⚠️OKX Confirms User Accounts Drained via Identity Theft
🙀 In a post-mortem on X, OKX revealed that a hacker used forged "judicial documents" to obtain personal information of "very few" users. This breach came to light after two users reported their accounts had been compromised and drained.
🔎 Blockchain security firm SlowMist noted that new API keys were created after users received risk notification SMS texts from Hong Kong.
🛡 Web3 security group Dilation Effect claimed attackers exploited a loophole allowing users to turn off Google Authentication or phone verification without a 24-hour withdrawal halt. OKX, however, rebutted this, stating the incident was unrelated to Google Authenticator or SMS verification.
👀 OKX assured users that affected accounts have been fully compensated and the matter is under investigation.
🙀 In a post-mortem on X, OKX revealed that a hacker used forged "judicial documents" to obtain personal information of "very few" users. This breach came to light after two users reported their accounts had been compromised and drained.
🔎 Blockchain security firm SlowMist noted that new API keys were created after users received risk notification SMS texts from Hong Kong.
🛡 Web3 security group Dilation Effect claimed attackers exploited a loophole allowing users to turn off Google Authentication or phone verification without a 24-hour withdrawal halt. OKX, however, rebutted this, stating the incident was unrelated to Google Authenticator or SMS verification.
👀 OKX assured users that affected accounts have been fully compensated and the matter is under investigation.
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🗣 Paolo Ardoino announced a new class of digital asset products from Tether – details will be revealed on Monday, June 17.
🚀 Ripple will launch the stablecoin Ripple USD (RLUSD), which will operate on the XRP Ledger and Ethereum blockchains.
⚡️ The authorities of the state of Indiana will set low electricity rates for miners and data centers. Amazon, Google, Microsoft, and AboutBit are already preparing for major construction.
💰 The CMT Digital fund plans to raise $150,000,000 for cryptocurrency investments.
🤔 CBOE top manager: The appearance of spot Solana and Ripple ETFs is unlikely in the near future. The reasons are the absence of a futures market and regulatory clarity.
🚀 Ripple will launch the stablecoin Ripple USD (RLUSD), which will operate on the XRP Ledger and Ethereum blockchains.
⚡️ The authorities of the state of Indiana will set low electricity rates for miners and data centers. Amazon, Google, Microsoft, and AboutBit are already preparing for major construction.
💰 The CMT Digital fund plans to raise $150,000,000 for cryptocurrency investments.
🤔 CBOE top manager: The appearance of spot Solana and Ripple ETFs is unlikely in the near future. The reasons are the absence of a futures market and regulatory clarity.
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The long consolidation
🔎 Analysts believe that Bitcoin is currently in its longest consolidation period (92 days) – once the price breaks out of this range, the first cryptocurrency is expected to experience inevitable growth. 🚀
👀 However, for now, the consolidation will continue as Bitcoin, which unexpectedly returned to nearly $70,000 after surprisingly good inflation data from the US, fell again to $67,000 after the Fed maintained the rate at 5.25-5.5% 🗽
🔎 Analysts believe that Bitcoin is currently in its longest consolidation period (92 days) – once the price breaks out of this range, the first cryptocurrency is expected to experience inevitable growth. 🚀
👀 However, for now, the consolidation will continue as Bitcoin, which unexpectedly returned to nearly $70,000 after surprisingly good inflation data from the US, fell again to $67,000 after the Fed maintained the rate at 5.25-5.5% 🗽
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💰Demand for spot Bitcoin ETFs has rebounded after two days of outflows. On June 12, inflows into spot Bitcoin ETFs amounted to $100.9 million.
🐳 During the recent dip, whales bought over 240k ETH worth approximately $840 million.
🇺🇸 Joe Biden will accept donations in cryptocurrency. It is reported that the US president's campaign is negotiating the possibility of accepting crypto donations through Coinbase Commerce.
💸 MicroStrategy will issue $500,000,000 in bonds with the aim of buying even more BTC.
🐳 During the recent dip, whales bought over 240k ETH worth approximately $840 million.
🇺🇸 Joe Biden will accept donations in cryptocurrency. It is reported that the US president's campaign is negotiating the possibility of accepting crypto donations through Coinbase Commerce.
💸 MicroStrategy will issue $500,000,000 in bonds with the aim of buying even more BTC.
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An OKX user had $11 million stolen in 25 minutes!
Once again, OKX is in deep trouble! Another large sum of money has been stolen from their user, again without 2FA, without any email notifications. 🙀
According to the affected OKX exchange user, $11 million was stolen from their main and sub-account in just 25 minutes.🧐
🤷 It is not yet known whether the victim will be compensated.
Once again, OKX is in deep trouble! Another large sum of money has been stolen from their user, again without 2FA, without any email notifications. 🙀
According to the affected OKX exchange user, $11 million was stolen from their main and sub-account in just 25 minutes.🧐
🤷 It is not yet known whether the victim will be compensated.
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SEC will approve S-1 forms for spot Ethereum ETFs by the end of the summer - Gary Gensler
📉 Amid this uncertainty, Ethereum touched a local bottom at $3400. Currently, the second-largest cryptocurrency by market capitalization has returned to the $3500 mark.
🐳 Ethereum holders immediately took advantage of this situation, buying the second-largest volume of coins in history yesterday – 298,000 ETH! (The record daily purchase was recorded on September 11, 2023 – 317,000 ETH). 🧐
Ah, if only I had some money now, I would also stock up on Ethereum! ☺️ 🚀
📉 Amid this uncertainty, Ethereum touched a local bottom at $3400. Currently, the second-largest cryptocurrency by market capitalization has returned to the $3500 mark.
🐳 Ethereum holders immediately took advantage of this situation, buying the second-largest volume of coins in history yesterday – 298,000 ETH! (The record daily purchase was recorded on September 11, 2023 – 317,000 ETH). 🧐
Ah, if only I had some money now, I would also stock up on Ethereum! ☺️ 🚀
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Inexperienced Crypto Trader Loses $310,000 on LinkedIn-Recommended Exchange 💸
👀 An inexperienced crypto trader lost $310,000 on an exchange recommended through a random LinkedIn friend request. The trader connected his wallet to the unknown platform and transferred his own funds. 🙈
When attempting to withdraw, him were asked to deposit additional money to complete the process. The victim has since contacted law enforcement authorities. 📝
👀 An inexperienced crypto trader lost $310,000 on an exchange recommended through a random LinkedIn friend request. The trader connected his wallet to the unknown platform and transferred his own funds. 🙈
When attempting to withdraw, him were asked to deposit additional money to complete the process. The victim has since contacted law enforcement authorities. 📝
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Terraform Labs has no intention of paying the SEC fine of $4,470,000,000 - Fortune
🌎 Terraform Labs is bankrupt, with little to no funds available for the payment.
👀Therefore, the US regulator might only receive a fraction of the fine or nothing at all. However, Gary Gensler can still boast about the SEC's press release on "recovering" billions of dollars from the violator. 😡
🌎 Terraform Labs is bankrupt, with little to no funds available for the payment.
👀Therefore, the US regulator might only receive a fraction of the fine or nothing at all. However, Gary Gensler can still boast about the SEC's press release on "recovering" billions of dollars from the violator. 😡
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