News
Stay up-to-date on the most trending topics in crypto with our professional and in-depth news.
Share link:In this post: Bitcoin fell from $64k to around $60k due to escalating fears of conflict in the Middle East. The overall crypto market cap declined nearly 4% to $2.17 trillion. Over 154,000 traders were liquidated in the past 24 hours, totaling $524.31 million.
Quick Take U.S. spot bitcoin ETFs recorded $242.53 million in net outflows on Tuesday. Bitcoin fell 3.47% to trade at $61,446. Ether slid 5.89% to change hands at $2,480.
Nasdaq dropped over 1%, while energy stocks rose as US oil prices climbed 2.4%. Bitcoin fell by 4%, diving from $66,000 to $61,000, as fear spread across markets. Geopolitical conflicts tend to trigger short-term drops, with market recovery typically taking 47 days.
Quick Take The Securities and Exchange Commission is appealing the Aug. 7 judgment regarding the web3 payments firm Ripple. “We believe that the district court decision in the Ripple matter conflicts with decades of Supreme Court precedent and securities law,” an SEC spokesperson said.
- 04:42An Ethereum OG address sold 991 ETH again 10 hours agoAccording to a report by Jinse Finance, monitored by on-chain analyst Ai Yi (@ai_9684xtpa), an address that participated in the Ethereum ICO deposited 991.67 ETH, valued at $2.51 million, to a CEX 10 hours ago. Since May 26, the number of ETH suspected to be sold by this ETH ICO whale, who holds 1 million ETH, has increased to 9,845.96 ETH, with a total value of $25.23 million and a cost as low as $0.31.
- 04:40Japanese Bitcoin Investment Firm Metaplanet Launches $5.4 Billion Financing Plan, Shares Surge 22%According to a report by Jinse Finance, Japanese Bitcoin investment company Metaplanet plans to raise approximately $5.4 billion and increase its Bitcoin reserves, which have already reached $1 billion. The company's stock price surged significantly on Monday. Metaplanet announced a stock acquisition rights plan on Friday, which is said to be the largest in the history of Japan's capital markets. Metaplanet expects to accumulate 210,000 Bitcoins by the end of 2027, several times the 8,888 it currently holds. On Monday morning in Tokyo, Metaplanet rose by 22%, and since shifting to cryptocurrency at the beginning of 2024, the company's stock price has been highly volatile.
- 04:40Overview of Important Developments on June 9th at Noon7:00-12:00 Keywords: ALEX, CLARITY Act, Cetus Protocol 1. The probability of the Federal Reserve keeping rates unchanged in June is 99.9%; 2. Data: The number of Bitcoin network transactions has fallen to a new low since October 2023; 3. Eleanor Terrett: The "alternative amendment" to the CLARITY Act has been released; 4. ALEX: The TGP compensation claim site is now online, reminding users to interact safely; 5. The Federal Reserve appoints Michael Horowitz as the new Inspector General, responsible for internal oversight; 6. Cetus Protocol has resumed operations after a vulnerability attack and is planning to open source; 7. Nasdaq applies to the US SEC to add XRP, SOL, ADA, XLM to the cryptocurrency index.