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Grayscale sheds 1539 BTC while 9 other ETFs collectively reduce 214 BTC
Grayscale sheds 1539 BTC while 9 other ETFs collectively reduce 214 BTC

Share link:In this post: 9 Bitcoin ETFs collectively decreased their holdings by 214 BTC. Grayscale reduced its net holdings by 1,539 BTC on June 26. Grayscale’s research indicates that AI has become a dominant theme over ETFs.Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any inv

Cryptopolitan·2024/06/27 17:10
All major US banks deemed resilient against severe recession
All major US banks deemed resilient against severe recession

Share link:In this post: All 31 major US banks passed the Federal Reserve’s stress tests, showing they can handle a severe recession. Banks could lose nearly $685 billion but still meet regulatory standards. Stress tests measured the impact of a 40% drop in commercial real estate prices and a 36% fall in house prices.Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend

Cryptopolitan·2024/06/27 17:10
Crypto pundits doubt Solana ETF will find approval any time soon — at least under this administration
Crypto pundits doubt Solana ETF will find approval any time soon — at least under this administration

Legal experts say VanEck’s Solana ETF filing will face many hurdles seen by previous attempts to list Bitcoin and Ethereum ETFs, including potential market surveillance and manipulation concerns.Many also say such funds are inevitable — though it may require a change of leadership at the SEC.A lack of a futures market for Solana and the SEC’s opinion that the asset is a security are also likely roadblocks.

The Block·2024/06/27 16:22
VanEck: Why did we apply for the SOL ETF?
VanEck: Why did we apply for the SOL ETF?

BlockBeats·2024/06/27 15:25
Security concerns found in Ethereum L2 solution Blast: Resonance Security
Security concerns found in Ethereum L2 solution Blast: Resonance Security

Share link:In this post: Resonance Security reports security concerns in Ethereum L2 solution, Blast. Blast’s reliance on Lido and MakerDAO opens it up to the possibility of security breaches. Resonance advises projects to vet third-party providers or develop in-house solutions for better security control.Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent

Cryptopolitan·2024/06/27 14:55
Flash
19:12
Sources: Multiple U.S. States Considering Lawsuit to Block Paramount's Acquisition of Warner Bros.
On June 6, it was reported that chief attorneys from several U.S. states are drafting a legal document to challenge Paramount Global's $110 billion acquisition of Warner Bros. Discovery (WBD.O), laying the groundwork for an antitrust lawsuit against this massive Hollywood deal. According to informed sources, senior officials from about 10 states have begun drafting complaint documents and discussing legal procedures to potentially file a lawsuit within this month to block the merger. California, a hub for the entertainment industry, is leading this effort. No final decision has yet been made regarding the filing of a lawsuit or which states will join the action. Most of the states considering the lawsuit are led by Democratic attorneys general, but at least two Republican attorneys general are also involved in the investigation. Officials from California and other states have reportedly met with Paramount and opponents of the deal, requesting sworn statements or testimonies that could be used in the lawsuit.
17:47
Jiang Zhuo'er: Bitcoin Has Not Successfully Broken Below $60,000 Support, Potential Rebound Over the Weekend
BlockBeats News, June 6th, BitDeer Mining Pool (B.TOP) founder Jiang Zhuo'er stated in a post that Bitcoin has not effectively dropped below the $60,000 strong support. The price difference between an exchange is shrinking, indicating that the selling pressure from ETFs and other US stock institutions is decreasing. There may be a rebound in the crypto market over the weekend. Yesterday, Jiang Zhuo'er announced that he had "bought the dip" and repurchased all his ETH holdings at $1645, expecting to start selling after a rebound in 1 to 3 days.
17:02
Tonight, the "Gathering of Heroes" sees the Whale perform buy-the-dip, accumulation, liquidation, and onlooker behaviors, where only those who respect the market can sail far.
BlockBeats News, June 6th. Tonight is destined to be a sleepless night for stock and crypto investors. Impacted by the better-than-expected employment data, the U.S. stock market opened lower and quickly experienced a deep decline. As of press time, the downward trend has not stopped, with the Nasdaq falling by 3.00%. Several AI stocks that were previously hyped saw significant pullbacks. The crypto market is even bloodier. As expected, a familiar scene of liquidation and repositioning played out. However, tonight there were also multiple whales accompanying this: A whale who leveraged 104,772.57 WETH for a long position on-chain also experienced partial liquidation. It is worth mentioning that this whale was the same one who bought the dip during El Salvador's February sell-off. However, with the changing times, as this whale watched helplessly as their position was liquidated tonight, El Salvador was already lamenting on the shore about the astonishing speed of the market decline. In addition, during the on-chain whale liquidation, several well-known traders were bottom fishing and giving out signals. The most famous among them is the whale known as "Setting 10 Big Targets First," who opened a position at $60,153.8 per BTC, buying 2,835.32 BTC, worth $170 million. Killa is slowly accumulating with spot positions and low leverage. Ansem, on the other hand, advises users not to rush to bottom fish. The market is like an ocean, attracting all kinds of talents, with whales churning the waters. Some awaken during liquidation, while others accumulate during the bloodbath. True wisdom lies not in catching the bottom but in surviving through each cycle. Tonight, no one can escape the waves; tomorrow, only those who show reverence can continue to sail.
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