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No token is ever young forever, but there are always young people rushing into the ETH battlefield.
Bitcoin is holding strong above key support levels, with ETF inflows and derivatives data signaling bullish momentum despite macro uncertainty.
After Pi Network migrated to the mainnet, its PI token experienced significant price drops and weak market participation. As April begins, its future remains uncertain, with the potential for either a rebound or further decline depending on buyer interest and network developments.
EOS has gained 16% in the last 24 hours, reaching a two-month high, but overbought signals suggest a potential pullback could follow.
Federal Reserve Chairman Powell is facing a serious policy dilemma: under immense government debt and political pressure, the Fed has had to abandon its independence and anti-inflation stance. Instead, it has resorted to measures like quantitative easing to finance the government, creating a situation of "fiscal dominance" similar to the Volcker era of the 1970s. This foreshadows the Fed's need to reinitiate loose monetary policy, which could potentially drive up the prices of assets like Bitcoin.
- 01:26Six whale addresses collectively deposit 95.36 million ENA into CEXAccording to a report by Jinse Finance, monitored by Lookonchain, a total of 95.36 million ENA, valued at approximately $28.4 million, have been deposited into CEX from six wallet addresses over the past 20 hours. These wallets received the ENA from the EthenaProxy wallet.
- 01:25US House of Representatives Holds Another Hearing on Crypto Regulation Bill, Questions Trump's Conflict of InterestOdaily Planet Daily News: On June 7, the U.S. House Financial Services Committee, driven by Democrats, held a "Minority Day" hearing to conduct a supplementary review of the "Clarity Act" for digital asset markets. Several Democratic lawmakers once again questioned former President Trump's involvement in the cryptocurrency field, suggesting it may constitute a conflict of interest.Representative Maxine Waters stated that the act could be used by Trump for personal gain, noting his multiple involvements in cryptocurrency investments during his presidency. Meanwhile, legal experts expressed concerns about the regulatory exemption clauses, potential loopholes, and cybersecurity risks within the act.The Republican side emphasized that the U.S. currently lacks a federal regulatory framework for non-securities digital assets, believing that the act would help fill the regulatory gap. The bill is expected to enter the voting process next week. (CoinDesk)
- 01:24Federal Reserve's Mester: Trade War May Lead to Persistent Inflation, Tariffs Could Raise Inflation in "One or Two Quarters"According to ChainCatcher, citing Jinshi reports, Federal Reserve's Mester stated that there is a 50% chance of persistent inflation due to the trade war. Tariffs may drive up inflation within "one or two quarters".