According to Shenchao TechFlow, on June 9, 10x Research stated on social media that Bitcoin is hitting key technical resistance, which may determine the summer market tone. Research shows that funding rates, trend breakthroughs, and reverse positions form high-confidence signals. Meanwhile, Ethereum's fundamentals are weakening, and some altcoins are active. Circle celebrates its IPO, while Tether has resumed minting at full speed.
● Trader James Wynn closed his Bitcoin short position and opened a long position
According to Shenchao TechFlow, on June 9, on-chain analyst Onchain Lens (@OnchainLens) monitored that trader James Wynn closed his Bitcoin (BTC) 40x leverage short position, losing $174.18. Subsequently, James Wynn opened a Bitcoin 40x leverage long position.
● Nasdaq applies to the SEC to add XRP, SOL, ADA, and XLM to the cryptocurrency index
According to Wu said, Nasdaq submitted a 19b-4 rule change application to the SEC on June 2, 2024, proposing to include XRP, SOL, XLM, and ADA in the digital asset benchmark index.
The proposal aims to allow Hashdex Nasdaq Crypto Index U.S. ETF (NCIQ) to shift from the existing Nasdaq Crypto U.S. Settlement Price Index (NCIUS) to a broader Nasdaq Crypto Index (NCI).
Currently, the NCI includes 9 cryptocurrencies. If the SEC approves the application, the ETF will be allowed to invest in these currencies. The SEC will make a final decision by November 2, 2025.
According to ChainCatcher, Metaplanet's capital strategy head Okuno Shinpei stated that Japan's capital market preferred stock sector is undeveloped, with only a few companies like Ito En, SoftBank, and Infronia listing preferred stocks.
He pointed out that if financial instruments such as preferred stocks STRF/STRK/STRD under Strategy could trade freely in the Japanese capital market, it would be beneficial, as companies adopting Bitcoin reserve strategies may have the greatest potential in creating fixed dividend products supported by Bitcoin.
● Deutsche Bank explores integrating stablecoin technology and considers launching its own stablecoin
According to Shenchao TechFlow, Deutsche Bank is exploring innovative ways to integrate stablecoin technology into its business.
Sabih Behzad, head of digital assets and currency transformation, revealed that the bank is considering launching its own stablecoin or forming alliances with the financial industry.
Behzad further explained that Deutsche Bank is considering creating a tokenized deposit system to simplify payment processes and improve transaction efficiency. The bank is also evaluating whether to position itself as a reserve manager for digital assets or issue proprietary digital tokens.
Deutsche Bank's recent research report emphasizes the growth momentum of stablecoins, noting that they are moving towards mainstream acceptance.
According to Wu said, the Governor of the Reserve Bank of India (RBI), Malhotra, stated that the central bank's stance on cryptocurrencies remains unchanged, still concerned about their potential risks to financial stability and monetary policy. Although the Supreme Court ruled that 'banning cryptocurrencies is impractical' and urged the government to introduce a regulatory framework as soon as possible, the RBI emphasized that there has been no new progress, and related issues are still under review by a government committee.
