🤯 Coinglass: $479,500,000 worth of LONG and SHORT positions liquidated (in 24 hours)

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Meme tokens trading 🤣

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🗞Cryptocurrency Market Overview:


📌 Cryptocurrency Market Cap: $2.486 Trillion (-$61 Billion)
📌 BTC Dominance: 52.1%, ETH Dominance: 17%
📌 Fear and Greed Index: 74 (Greed) vs. 71 previously

🗣On Monday, June 17, Bitcoin trading closed slightly lower. The BTC/USDT pair decreased by 0.26% to $66,504. The price showed mixed dynamics. In the first half of the day, the Bitcoin rate fell to $65,130, followed by a 3.3% rebound to $67,298.

🗣The price declined due to the rise in US Treasury bond yields. The Fed kept interest rates unchanged and revised its forecasts for rate cuts from three times to once this year. The increase in bond yields positively affects the dollar and negatively affects risky assets. Fed representatives maintain a "hawkish" stance on monetary policy, aiming to reduce inflation to the target level of 2%.

🗣The rebound from $65,130 could have occurred due to the decline in the dollar index and the rise in stock indices in the second half of the day. On the night of June 18, Bitcoin's rate fell from $67,200 to around $64,650, marking the lowest level in the last month. The decline in Bitcoin quotes led to significant liquidations of trader positions in long positions, exceeding $403 million in 24 hours, including $47.6 million in Bitcoin. The largest amounts of trader losses were recorded on the Binance and OKX exchanges.

🗣Traders shifted to US Treasury bonds following the statement by Minneapolis Fed President Neel Kashkari that the Fed would not lower the discount rate until December.

🗣On Tuesday, June 18, the BTC/USDT pair is trading at $65,628. Despite the downward correction, many experts maintain a positive forecast for Bitcoin with targets above $100,000.

🗣If buyers cannot consolidate above $68,500 within two days, the technical picture will begin to change. The balance will tilt in favor of sellers. In this case, a "double top" reversal pattern will clearly appear on the weekly chart. Buyers still have the opportunity to form a "squeeze" pattern followed by a new all-time high.

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🤭 Rumors link former US President Donald Trump to the creation of the meme coin DJT (Donald John Trump) on the Solana blockchain. It is speculated that his younger son Barron may have been involved.

Amid these rumors and negative dynamics in the cryptocurrency market, tokens like MAGA (TRUMP) and other thematic tokens associated with Trump dropped by more than 30% in value.

However, analytical services have refuted the information about Trump's involvement and warned of a high likelihood of insider trading. According to Bubblemaps data, 67% of the DJT supply is concentrated in a limited number of addresses. Following this, the coin's value began to decline.

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📊 Cryptoquant indicates that there is still no peak of emotional uplift in the cryptocurrency market.

⏩The presence of long-term investors contributes to a more stable price base.

⏩This strengthens the likelihood of a lack of quick transition to a bear market due to absence of short-term holders.

⏩Therefore, there is potential for significant price growth before reaching the cycle's peak.

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🐳 Whales have bought 12,700 BTC in the last 24 hours.

💸 The total value of the purchased #BTC is $840 million.

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FTX will soon resume operations 🚨

⏺Recent updates reveal FTX has repaid nearly all debts to customers.

⏺Almost all customers of collapsed cryptocurrency exchange FTX will get their money back — and more, according to a court filing.

⏺FTX estimates that it owes creditors around $11.2 billion. FTX said that it has between $14.5 billion and $16.3 billion to distribute to creditors.

⏺Customers whose claims amount to $50,000 or less will receive approximately 118% of the amount of their allowed claim, the plan says.

⏺Around 98% of creditors will receive this compensation.

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Tether introduced a new cryptocurrency backed by the price of gold. What is the significance of this event? Will it be popular and with whom?

Token Paper explains:

✔️The launch of Tether's aUSDT stablecoin backed by gold via the Tether Gold token (XAUT) is a landmark event, but its success raises serious doubts in the market. The main concerns are related to the following factors.

✔️There are major doubts about Tether's ability to provide aUSDT with sufficient real physical gold, given the huge gap between paper gold and real reserves.

✔️To gain market confidence, Tether needs to provide an unprecedented level of transparency of its gold reserves and verification mechanisms, which is not yet the case.

✔️Physical storage of large amounts of gold is costly, making the cost of holding such assets very high.

✔️Despite its reputation as a "safe haven", gold prices are also subject to significant fluctuations, calling into question the stability of the pegged stablecoin.

✔️Lack of confidence in Tether. After past claims by regulators, Tether has yet to regain full credibility in the crypto community.

✔️Thus, while the idea of aUSDT is attractive in theory, in practice it is highly sceptical due to the potential risks of insufficient collateral, lack of transparency and high costs. Without strict regulation and verification of collateral, the prospects for widespread adoption of aUSDT remain questionable. Stablecoins may be better served by more transparent and regulated methods of provisioning.

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💎 Telegram has launched a new blockchain-based dating app - TON Dating.

Women can use the service for free, while men have to pay 2,500 stars or 5,700 rubles per month.

The developers claim that the app's algorithm will actively fight anonymisers and bots, and users will be rewarded with TON cryptocurrency for the time they spend on it.

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💥Athena Labs has introduced a new feature for restyling the ENA token and the synthetic USDe stablecoin using the Symbiotic and LayerZero protocols.

🗣It was also announced the introduction of mandatory stacking.

🗣From the beginning of June 17, all users who receive ENA tokens through drop must block at least 50% of their tokens in staking.

🗣Otherwise, they will be redistributed among the wallets participating in the pools.

🗣This action is designed to reduce speculative capital, according to the developers.

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💵 A huge billboard has appeared in Times Square making allegations of corruption against Tether.

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📢 Coinbase to launch pre-markets for altcoins

🗣Crypto exchange Coinbase International will launch trading of perpetual contracts for altcoins before their official listing.

🗣The platform is planned to replicate the experience of rivals Binance, Bybit, Bitget and OKX by creating its own lunchepad.

"When the underlying token is launched on the respective spot exchanges, the instrument will transform into a standard perpetual contract," the exchange said in a statement.

🗣The product will be available to institutional investors through Coinbase International and retail traders through Coinbase Advanced. Such contracts will have an initial margin of 50 per cent or two times leverage.

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💰 Bitcoin long-term holders’ supply in profit holds above 14 million BTC

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😙 A billboard appeared in Times Square in New York accusing Tether of corruption

😏Yesterday, Consumers Research launched an advertising campaign accusing the USDT issuer of creating a pyramid scheme and calling it the "new FTX".

😏They also accused Tether🧐 of having links with other governments, terrorist groups, cartels and human traffickers.

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