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In Brief The analysis highlights a five-wave rally pattern potentially reaching $3,500. Ethereum shows resilience amid market disruptions, backed by strong demand lines. SPX6900 memecoin's potential attractiveness connects to the S&P 500's performance.
In Brief Ripple's legal victory could trigger significant XRP price surges. June's Ripple summit and ETF decision are critical for XRP's future. A potential positive scenario aligns with historical XRP price increases.
In Brief Useless tokens gained significant attention and trading volumes this year. Splash, backed by Hippo, operates on the SUI network, promising easy token creation. Hippo prices surged upon announcement of buyback and burn strategy.
- 00:34The US SEC Delays Decision on Canary Spot SUI ETF ApplicationAccording to market news, the U.S. Securities and Exchange Commission has delayed the decision on Canary's spot SUI ETF application.
- 00:33Overview of Financing Information in the Past 24 Hours (June 5)1. Variational completes $1.5 million strategic financing; 2. AI gaming startup Launcher Capital completes $4 million seed round financing, led by a16z CSX; 3. Web3 identity protocol Shards Protocol completes $2 million financing; 4. Crypto credit startup 3Jane completes $5.2 million seed round financing.
- 00:32California lawmakers pass a bill to take over unclaimed crypto assets on trading platforms and hold them in custodyJune 5 news, California lawmakers passed a bill in the House on Tuesday requiring the state government to seize unclaimed crypto assets from cryptocurrency trading platforms if a customer account has been inactive for three consecutive years and has not "shown interest in their assets." Although the bill has sparked debate among crypto investors and faced widespread opposition on social media, there may be no need for excessive concern. Supporters of the bill state that the state government will not liquidate unclaimed Bitcoin or other digital assets, but rather have them held by a third-party custodian for easy future claims by customers—meaning investors' tokens will not be sold at a low price without consent.