Inflation Meets Expectations Reinforcing Fed Stance
U.S. inflation data for May showed a 4.2% year-over-year rise, aligning with expectations; Bitcoin $BTC trades near $61K amid market uncertainty. #Update #Crypto $BTC
Stablecoin Transactions Launch by Three Japanese Banks
@MUFG, @MizuhoBank, and @SMBC are launching a shared stablecoin for commercial transactions by FY2026, supported by a trust model and a voluntary council addressing operational aspects. #Update #Crypto
Bitcoin ETF Outflow Hits $77M Mark
Bitcoin ETFs saw $77.44M outflows, led by @Blackrock’s IBIT, while $ETH ETFs lost $40.85M. In contrast, $XRP and $SOL ETFs gained $7.44M and $794K respectively. #Update #Crypto
Bitcoin DeFi Demand Plummets as Botanix Shuts Down
@Botanix is shutting down after four years due to weak demand for Bitcoin DeFi; users must withdraw assets by July 9 to avoid loss. #Update #Crypto $BTC
Bitcoin DeFi Demand Fails as Botanix Closes
@Botanix is shutting down after four years, citing weak demand for Bitcoin DeFi. Users must withdraw assets by July 9 or risk losing access. #Update #Crypto $BTC
Bitcoin DeFi Project Shutdown Shocks Users
@Botanix is shutting down its Bitcoin layer-2 network, citing poor market conditions and low user interest, with a total value locked of only $119,500 despite raising $14.4 million. #Update #Crypto $BTC
Nvidia Chips Trade Targets Revealed
Bank of America analyst Vivek Arya is bullish on AI chip companies, predicting Nvidia ($NVDA) could rise to $350 and Credo ($CRDO) by over 7%. Demand for AI infrastructure remains strong. #Update #Crypto $NVDA (+7) ↗
Ethereum Crashes After Failed Recovery Attempt
Ethereum price declines below $1,680, failing to hold the $1,700 support. Bears push ETH under key levels; potential further downside if resistance isn’t cleared. #Update #Crypto $ETH
Defillama Launches Pre-IPO Perps for AI
Defillama now tracks 14 pre-IPO perpetual markets for SpaceX, OpenAI, Anthropic, and Quantinuum. SpaceX’s IPO targets a $1.75 trillion valuation by June 11. #Update #Crypto
Kalshi Launches New Safeguards Amid Concerns
Kalshi mandates employment disclosure for high-risk trades amid insider trading concerns, launching a risk scoring framework and expanding surveillance. #Update #Legal
Bitcoin Tumbles Below $60K Amid Inflation
Bitcoin ($BTC) hovers near $61,000 ahead of today’s U.S. consumer price index data, with a potential rise in inflation possibly pushing it below $60K. #Update #Crypto $BTC
Bitcoin Faces Decline as Zcash Hyperliquid Tokens Plummet
$ZEC and $HYPE drop over 10% as Bitcoin retraces to under $61,500, trading below its 200-week SMA, signaling bearish sentiment. Liquidations surge 38% amid rising short positions. #Update #Crypto $BTC
Bitcoin.com Reviews CoinRabbit Crypto Ecosystem
CoinRabbit, a crypto asset management platform, offers borrowing, storage, swaps, and savings products without disrupting long-term positions. It emphasizes capital management over speculation. #Update #Crypto
XRP Liquidations Spike Amid Sell-Off
XRP’s recent decline is attributed to leverage liquidations and market weakness, not whale dumping, as Binance inflows drop, says CryptoQuant’s Pelin Ay. $XRP traded at $1.1444. #Update #Crypto $XRP