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Shiba Inu, Dogecoin, Cardano Extremely Undervalued: Are They Primed for Rebound?
Shiba Inu, Dogecoin, Cardano Extremely Undervalued: Are They Primed for Rebound?

Undervalued cryptocurrencies set the stage for potential recovery amidst market lull.

Cryptopotato·2024/06/19 20:46
ZKsync Era's airdrop fails to halt decline in transactions and active addresses
ZKsync Era's airdrop fails to halt decline in transactions and active addresses

Quick Take The 7-day moving average of active addresses fell from over 455,000 at the end of February to just 218,000 on June 10. The following is an excerpt from The Block’s Data and Insights newsletter.

The Block·2024/06/19 19:37
XRP Open Interest Spike in Response to Ripple-SEC Developments
XRP Open Interest Spike in Response to Ripple-SEC Developments

XRP’s rising OI suggests investors are opening more positions, expecting a surge in price, but volatility remains a concern.

Cryptopotato·2024/06/19 19:01
Flash
01:57
Viewpoint: Micron to Face Roughly 2 Million Shares of Forced Selling on Monday, Passive Rebalancing of Leveraged Products to Suppress South Korean Stock Market
BlockBeats News, June 7th - Leverage product researcher degentrading stated that the Hong Kong-listed leveraged fund, Southbound Double Long SK Hynix (7709.HK), due to a significant drop in the price of the South Korean stock SK Hynix last week, needed to forcibly sell about 2 million shares at the opening of the South Korean market on Monday. This sell order size is equivalent to 40% of SK Hynix's normal daily trading volume, creating huge and mechanistic selling pressure. What's more troublesome is that the leverage product's gamma effect will cause more price drops, leading to more selling pressure and potentially triggering a chain reaction.
01:38
The Crypto Fear & Greed Index is currently at 12, indicating that the market remains in a state of "Extreme Fear".
BlockBeats News, June 7th, according to Alternative data, today's cryptocurrency Fear and Greed Index is 12 (unchanged from yesterday), indicating that market sentiment remains in "Extreme Fear." Note: The Fear Index has a range of 0-100 and includes the following indicators: Volatility (25%) + Market Volume (25%) + Social Media Hype (15%) + Market Surveys (15%) + Bitcoin's Dominance (10%) + Google Trends Analysis (10%).
01:13
Chilean Police Disrupt $88 Million Cryptocurrency Money Laundering Network
BlockBeats News, June 7th, the Chilean police arrested 18 individuals suspected of laundering money for the Venezuelan criminal organization Tren de Aragua after a two-year investigation. The amount involved in the case is estimated to be $88 million, and the related network involved bank accounts, shell companies, and cryptocurrency transfers.
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