💥Hyve

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🔔 𝗜𝗻𝗳𝗹𝗮𝘁𝗶𝗼𝗻 𝗵𝗶𝘁𝘀 𝟰𝟬-𝘆𝗲𝗮𝗿 𝗵𝗶𝗴𝗵 𝗮𝘀 𝗖𝗣𝗜 𝗿𝗶𝘀𝗲𝘀 𝟴.𝟲% 𝗶𝗻 𝗠𝗮𝘆

U.S. consumer prices accelerated in May at the fastest rate since 1981, as Americans grapple with a surge in the cost of gas, food, and shelter, data showed Friday.

The Bureau of Labor Statistics' May Consumer Price Index (CPI) showed a year-over-year increase of 8.6% last month, up from 8.3% in April. Economists were expecting an 8.3% increase in May, according to estimates compiled by Bloomberg.

■ More Info : https://finance.yahoo.com/news/may-inflation-data-june-10-2022-212834308.html?

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🔔 𝗛𝘂𝗼𝗯𝗶 𝗚𝗹𝗼𝗯𝗮𝗹 𝗹𝗮𝘂𝗻𝗰𝗵𝗲𝘀 $𝟭𝗕 𝗶𝗻𝘃𝗲𝘀𝘁𝗺𝗲𝗻𝘁 𝗮𝗿𝗺 𝗳𝗼𝗰𝘂𝘀𝗲𝗱 𝗼𝗻 𝗗𝗲𝗙𝗶 𝗮𝗻𝗱 𝗪𝗲𝗯𝟯

Digital asset exchange Huobi Global has spun out a new investment arm focused on decentralized finance (DeFi) and Web3 projects, further highlighting venture capital interest in the blockchain economy.

Dubbed Ivy Blocks, the new investment arm has over $1 billion in crypto assets under management to deploy, a spokesperson for Huobi confirmed. These funds have been earmarked for “identifying and investing in promising blockchain projects,” the company said.

■ More Info : https://cointelegraph.com/news/huobi-global-launches-1b-investment-arm-focused-on-defi-and-web3

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🔔 𝗛𝗧𝗖 𝗜𝘀 𝗟𝗮𝘂𝗻𝗰𝗵𝗶𝗻𝗴 𝗜𝘁𝘀 𝗙𝗶𝗿𝘀𝘁 𝗠𝗲𝘁𝗮𝘃𝗲𝗿𝘀𝗲 𝗦𝗺𝗮𝗿𝘁𝗽𝗵𝗼𝗻𝗲 𝗢𝗻 𝗝𝘂𝗻𝗲 𝟮𝟴

HTC has been away from the smartphone market for a few years, and now it is making a comeback with a device that focuses on the metaverse.

■ More Info : https://www.news18.com/news/tech/htc-is-launching-its-first-metaverse-smartphone-on-june-28-what-it-means-5347393.html

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🔔 𝗗𝗼 𝗞𝘄𝗼𝗻 𝗿𝗲𝗽𝗼𝗿𝘁𝗲𝗱𝗹𝘆 𝗰𝗮𝘀𝗵𝗲𝗱 𝗼𝘂𝘁 $𝟮.𝟳 𝗯𝗶𝗹𝗹𝗶𝗼𝗻 𝗶𝗻 𝘁𝗵𝗲 𝘀𝗽𝗮𝗻 𝗼𝗳 𝗮 𝗳𝗲𝘄 𝗺𝗼𝗻𝘁𝗵𝘀 𝗽𝗿𝗶𝗼𝗿 𝘁𝗼 𝘁𝗵𝗲 $𝗟𝗨𝗡𝗔 / $𝗨𝗦𝗧 𝗰𝗼𝗹𝗹𝗮𝗽𝘀𝗲.

Barely a month after the almost unprecedented collapse of the Terra ecosystem, controversies surrounding the crash have continued to emerge.

In the latest of these controversies, an allegation has emerged that the Chief Executive Officer of Terraform Labs, Do Kwon, cashed out about $2.7 billion from the Terra Network before the crash.

■ More Info : https://watcher.guru/news/how-do-kwon-allegedly-cashed-out-2-7b-from-terra-network

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📈 $𝟱𝟮𝟱𝗠 𝗹𝗶𝗾𝘂𝗶𝗱𝗮𝘁𝗲𝗱 𝗳𝗿𝗼𝗺 𝘁𝗵𝗲 𝗰𝗿𝘆𝗽𝘁𝗼 𝗺𝗮𝗿𝗸𝗲𝘁 𝗶𝗻 𝘁𝗵𝗲 𝗹𝗮𝘀𝘁 𝟮𝟰 𝗵𝗼𝘂𝗿𝘀

In the past 24 hours , 182,388 traders were liquidated , the total liquidations comes in at $525.78 million

The largest single liquidation order happened on Okex - BTC-USD-SWAP value $3.91M

■ Source : https://www.coinglass.com/LiquidationData

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🔻 𝗘𝗹 𝗦𝗮𝗹𝘃𝗮𝗱𝗼𝗿'𝘀 𝗕𝗶𝘁𝗰𝗼𝗶𝗻 𝘁𝗿𝗲𝗮𝘀𝘂𝗿𝗲 𝗶𝘀 𝗻𝗼𝘄 𝘄𝗼𝗿𝘁𝗵: $𝟲𝟯,𝟮𝟮𝟰,𝟴𝟯𝟬 𝗨𝗦𝗗 (- 𝟰𝟬.𝟭𝟱% , - $𝟰𝟮,𝟰𝟭𝟬,𝟰𝟱𝟯 𝗨𝗦𝗗 )

■ Source : https://nayibtracker.com/

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🔔 𝗖𝗭 𝘃𝗶𝘀𝗶𝘁𝘀 𝗣𝗮𝗹𝗮𝘂 𝘁𝗼 𝗸𝗶𝗰𝗸 𝗼𝗳𝗳 𝗕𝗡𝗕 𝗖𝗵𝗮𝗶𝗻-𝘀𝘂𝗽𝗽𝗼𝗿𝘁𝗲𝗱 𝗜𝗗 𝗡𝗙𝗧𝘀 𝗳𝗼𝗿 𝗱𝗶𝗴𝗶𝘁𝗮𝗹 𝗿𝗲𝘀𝗶𝗱𝗲𝗻𝗰𝘆 𝗽𝗿𝗼𝗴𝗿𝗮𝗺

The Republic of Palau announced Friday that it will issue identification cards to its digital residents in the form of nonfungible tokens (NFTs) on Binance’s BNB Chain blockchain. Binance founder and CEO Changpeng Zhao (CZ) was on hand in the Pacific Island nation for the unveiling of the NFTs and to meet with Palauan President Surangel S. Whipps, Jr.

■ More info : https://cointelegraph.com/news/cz-visits-palau-to-kick-off-bnb-chain-supported-id-nfts-for-digital-residency-program

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🔔 𝗖𝗲𝗹𝘀𝗶𝘂𝘀 𝗲𝘅𝗼𝗱𝘂𝘀: $𝟯𝟮𝟬𝗠 𝗶𝗻 𝗰𝗿𝘆𝗽𝘁𝗼 𝘀𝗲𝗻𝘁 𝘁𝗼 𝗙𝗧𝗫, 𝘂𝘀𝗲𝗿 𝘄𝗶𝘁𝗵𝗱𝗿𝗮𝘄𝗮𝗹𝘀 𝗽𝗮𝘂𝘀𝗲𝗱

Crypto staking and lending platform Celsius may be dealing with its rumored liquidity crisis by unstaking $247 million worth of Wrapped Bitcoin from Aave and sending it to FTX exchange.

Speculations among the crypto community are now flaring as the project has been moving massive amounts of WBTC, ETH, and other crypto assets in addition to pausing withdrawals for users.

■ More info : https://cointelegraph.com/news/celsius-exodus-320m-in-crypto-sent-to-ftx-user-withdrawals-paused

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🔻 $𝟵𝟲𝟴𝗠 𝗹𝗶𝗾𝘂𝗶𝗱𝗮𝘁𝗲𝗱 𝗳𝗿𝗼𝗺 𝘁𝗵𝗲 𝗰𝗿𝘆𝗽𝘁𝗼 𝗺𝗮𝗿𝗸𝗲𝘁 𝗶𝗻 𝘁𝗵𝗲 𝗹𝗮𝘀𝘁 𝟮𝟰 𝗵𝗼𝘂𝗿𝘀 𝗮𝘀 𝗖𝗿𝘆𝗽𝘁𝗼𝗰𝘂𝗿𝗿𝗲𝗻𝗰𝘆 𝗺𝗮𝗿𝗸𝗲𝘁 𝗰𝗮𝗽 𝗱𝗿𝗼𝗽𝘀 𝗯𝗲𝗹𝗼𝘄 $𝟭 𝗧𝗿𝗶𝗹𝗹𝗶𝗼𝗻

In the past 24 hours , 260,366 traders were liquidated , the total liquidations comes in at $968 million

The largest single liquidation order happened on Bybit - BTCUSD value $4.00M

■ Source : https://www.coinglass.com/LiquidationData

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🔔 𝗖𝗲𝗹𝘀𝗶𝘂𝘀 𝗵𝗮𝘀 𝗮𝗱𝗱𝗲𝗱 𝟮𝟬𝟬𝟭.𝟳𝟲𝗪𝗕𝗧𝗖 𝗼𝗳 𝗰𝗼𝗹𝗹𝗮𝘁𝗲𝗿𝗮𝗹 𝗮𝗴𝗮𝗶𝗻, 𝗮𝗱𝗱𝗶𝗻𝗴 𝗮 𝘁𝗼𝘁𝗮𝗹 𝗼𝗳 𝟳𝟮𝟬𝟳.𝟴𝟵𝗪𝗕𝗧𝗖 𝗶𝗻 𝘁𝗵𝗲 𝗽𝗮𝘀𝘁 𝘁𝘄𝗼 𝗱𝗮𝘆𝘀 , 𝗹𝗶𝗾𝘂𝗶𝗱𝗮𝘁𝗶𝗼𝗻 𝗽𝗿𝗶𝗰𝗲 𝗵𝗮𝘀 𝗯𝗲𝗲𝗻 𝗺𝗼𝘃𝗲𝗱 𝗱𝗼𝘄𝗻 𝘁𝗼 $𝟭𝟲.𝟴𝗸

The address associated with Celsius added a total of 2001.76WBTC collateral to the Maker protocol within 1 hour, and the address currently has 23962.63WBTC collateral and 278 million DAI debt positions, with a liquidation price of $16852.34.

■ Source : https://oasis.app/25977#Overview

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🔔 𝗘𝘁𝗵𝗲𝗿𝗲𝘂𝗺 𝗡𝘂𝗺𝗯𝗲𝗿 𝗼𝗳 𝗔𝗱𝗱𝗿𝗲𝘀𝘀𝗲𝘀 𝗛𝗼𝗹𝗱𝗶𝗻𝗴 𝟭𝟬𝟬+ 𝗖𝗼𝗶𝗻𝘀 𝗷𝘂𝘀𝘁 𝗿𝗲𝗮𝗰𝗵𝗲𝗱 𝗮 𝟭𝟯-𝗺𝗼𝗻𝘁𝗵 𝗵𝗶𝗴𝗵 𝗼𝗳 𝟰𝟰,𝟭𝟲𝟲

■ Source : https://studio.glassnode.com/metrics?a=ETH&m=addresses.Min100Count

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🔔 𝗧𝗵𝗲 𝗨𝗦 𝗙𝗲𝗱𝗲𝗿𝗮𝗹 𝗥𝗲𝘀𝗲𝗿𝘃𝗲 𝗶𝘀 𝘄𝗶𝗱𝗲𝗹𝘆 𝗲𝘅𝗽𝗲𝗰𝘁𝗲𝗱 𝘁𝗼 𝗿𝗮𝗶𝘀𝗲 𝗿𝗮𝘁𝗲𝘀 𝗯𝘆 𝟳𝟱 𝗯𝗮𝘀𝗶𝘀 𝗽𝗼𝗶𝗻𝘁𝘀 𝗮𝘁 𝘁𝗵𝗲 𝗲𝗻𝗱 𝗼𝗳 𝘁𝗼𝗱𝗮𝘆'𝘀 𝗺𝗲𝗲𝘁𝗶𝗻𝗴

Be prepare for volatility , 2-3 pm EST (11:30pm IST ) is when it's going down .

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🚨 The Federal Reserve has raised interest rates by 0.75%, the highest increase since 1994

🔔 𝗖𝗼𝗶𝗻𝗯𝗮𝘀𝗲 𝗳𝗶𝗿𝗲𝘀 𝟴% 𝗼𝗳 𝗶𝘁𝘀 𝗜𝗻𝗱𝗶𝗮 𝘄𝗼𝗿𝗸𝗳𝗼𝗿𝗰𝗲 𝗮𝗺𝗶𝗱 𝗰𝗿𝘆𝗽𝘁𝗼 𝗰𝗿𝗮𝘀𝗵

Coinbase has announced that it will retrench about 1,100 people, or 18 percent of its workforce, in a clear indication of a deteriorating crypto market that’s wiped off trillions of the total cryptocurrency market value of late.

■ More Info : https://www.timesnownews.com/business-economy/companies/coinbase-lays-off-fires-8-of-its-india-staff-workforce-amid-crypto-crash-article-92226196

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🔔 𝗜𝗻𝘃𝗲𝗿𝘀𝗲 𝗙𝗶𝗻𝗮𝗻𝗰𝗲 𝗱𝗿𝗮𝗶𝗻𝗲𝗱 𝗳𝗼𝗿 $𝟭.𝟮 𝗺𝗶𝗹𝗹𝗶𝗼𝗻 𝗶𝗻 𝗮 𝗳𝗹𝗮𝘀𝗵 𝗹𝗼𝗮𝗻 𝗮𝘁𝘁𝗮𝗰𝗸
Inverse Finance suffered a flash loan exploit on Thursday, with the hacker making off with about $1.2 million. Notably, this comes after Inverse Finance had become a target of $15 million exploit in April.

■ More Info : https://www.theblock.co/post/152404/inverse-finance-drained-for-1-2-million-in-a-flash-loan-attack

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🔔 𝗙𝗶𝗻𝗯𝗹𝗼𝘅 𝗜𝗺𝗽𝗼𝘀𝗲𝘀 $𝟭.𝟱𝗞 𝗠𝗼𝗻𝘁𝗵𝗹𝘆 𝗪𝗶𝘁𝗵𝗱𝗿𝗮𝘄𝗮𝗹 𝗟𝗶𝗺𝗶𝘁 𝗔𝗺𝗶𝗱 𝗧𝗵𝗿𝗲𝗲 𝗔𝗿𝗿𝗼𝘄𝘀 𝗖𝗮𝗽𝗶𝘁𝗮𝗹 𝗨𝗻𝗰𝗲𝗿𝘁𝗮𝗶𝗻𝘁𝘆

Crypto staking and yield generation platform Finblox has imposed a $1,500 monthly withdrawal limit and paused rewards in light of uncertainty surrounding crypto hedge fund Three Arrows Capital, which made a $3.6 million investment in the Hong Kong-based platform last December.

■ More Info : https://www.coindesk.com/business/2022/06/16/finblox-imposes-15k-monthly-withdrawal-limit-amid-three-arrows-capital-uncertainty/

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List of projects #3Arrowcapitals Invested in. They will most likely dump their vested tokens in next unlocks to stay solvent. So Keep in mind upcoming unlocks of these tokens before buying them.

🔔 𝗘𝗹𝗼𝗻 𝗠𝘂𝘀𝗸 𝘀𝗮𝘆𝘀 𝗰𝗿𝘆𝗽𝘁𝗼 𝗽𝗮𝘆𝗺𝗲𝗻𝘁𝘀 𝘃𝗶𝗮 𝗧𝘄𝗶𝘁𝘁𝗲𝗿 𝗺𝗮𝗸𝗲 𝘀𝗲𝗻𝘀𝗲

During his address to Twitter employees at a virtual town hall, he suggested that it would make sense to incorporate options for cryptocurrency transfers on Twitter.

■ More Info : https://www.businesstoday.in/crypto/story/elon-musk-says-crypto-payments-via-twitter-make-sense-338032-2022-06-17

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