News

BlockBeats news, on June 30, according to Coinglass data, as Bitcoin continues to fluctuate today, the current funding rates on major CEX and DEX platforms indicate a weakening bearish sentiment in the market. Specific funding rates are shown in the attached chart. BlockBeats note: Funding rate is a fee set by cryptocurrency trading platforms to maintain the balance between contract prices and underlying asset prices, typically applied to perpetual contracts. It is a mechanism for the exchange of funds between long and short traders — the platform does not collect this fee. The rate is used to adjust the cost or yield for traders holding contracts, to keep contract prices close to underlying asset prices. When the funding rate is 0.01%, it represents the base rate. When the funding rate is higher than 0.01%, it indicates a bullish market sentiment. When the funding rate is less than 0.005%, it signals a bearish market sentiment.

Foresight News reports that Taiko announced on Twitter that its network is back online, with no user funds lost. The team has completed the second and third stages of recovery: cross-chain assets have achieved 1:1 matching (fully aligned with Ethereum mainnet assets), and users can now transfer, exchange, and trade as usual. The only remaining step is to reopen the cross-chain feature with Ethereum mainnet, which the official team states will be completed soon. During this period, user funds will remain secure.

Foresight News reports that, according to Lookonchain monitoring, a trader leveraged a 4x long position on 1.8 million SYN (approximately $951,000) at $0.28 each on Aster DEX six days ago. The current unrealized profit for this position is about $447,000.