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Santiment has spotted a positive development in the Chainlink ecosystem. Chainlink’s social media engagement surged significantly in the past six months. Whales accumulated notable amounts of LINK since September 2024.
Quick Take Bitcoin retraced modestly compared to altcoins as Friday’s U.S. PCE Index data reaffirmed growing inflation unease. The broader crypto market was harder hit by the news, with ETH, SOL, and XRP sliding over 6% in the past 24 hours. Inflation data may disincentivize the Federal Reserve from further rate cuts in May, but catalysts for a bounce still exist, according to experts.
Quick Take Bitcoin dominance has risen to 58%, defying expectations of an altcoin market rotation despite favorable conditions. The following is an excerpt from The Block’s Data and Insights newsletter.
- 22:55Bitdeer increased its holdings by 31.9 BTC this week, bringing the total to 1,375.9 BTCAccording to the weekly report released by Bitdeer, as of June 6, 2025, the company's net holdings of Bitcoin reached 1,375.9 BTC (excluding customer deposits). This week, 43.9 BTC were produced, 12.1 BTC were sold, resulting in a net increase of 31.9 BTC.
- 22:33Federal Reserve Survey: 52% of Americans Unable to Handle $2,000 Emergency Expense as Inflation Pressures Continue to MountAccording to The Kobeissi Letter, the latest Federal Reserve survey shows that 52% of American consumers cannot handle a $2,000 emergency expense solely with savings, and 31% cannot even cover a $500 unexpected expense. In 2024, a record 37% of respondents indicated that inflation and prices are their main financial challenges, up from 35% in 2023, 33% in 2022, and 8% in 2016.
- 22:31VIRTUAL Price Surge: Spot and Derivatives Traders Actively Buying to Drive MarketThe price of Virtuals Protocol (VIRTUAL) has risen by 10.48% in the past 24 hours, driven mainly by increased activity in the spot and derivatives markets. Despite the overall market decline, spot traders have accumulated $10.45 million worth of VIRTUAL, indicating strong interest. The open interest in the derivatives market grew by 13.3% to $230 million, with a significant number of short positions being liquidated, resulting in losses of approximately $124,670 for short traders, which is double the losses of long traders. Technical analysis shows that VIRTUAL has broken through a key resistance level, with the Aroon indicator signaling a bullish trend, suggesting that the price could rise to $2.5. Smart money investors have increased their holdings, making VIRTUAL the most accumulated memecoin or AI token. In the 90-day index ranking, VIRTUAL is listed as the 4th best-performing asset, outperforming all top ten cryptocurrencies by market capitalization.