Review of major events in the cryptocurrency circle - June 6, 2024
I. Dynamics of major currencies
Bitcoin (BTC): The recent upward momentum is strong, which may be affected by the strong buying of spot ETFs. The market generally expects BTC to break new highs, and more than $1.5 billion of short positions are waiting to be liquidated at $72,000. The rise for five consecutive trading days shows that the market has increased confidence in the prospects of the Federal Reserve's interest rate cuts this year.
II. Market value and cooperation
Nvidia: The market value has exceeded $3 trillion, surpassing Apple, and has a profound impact on the development of the encrypted AI field.
III. Project updates and announcements
NEAR ecology: $Near-Gauntlet cooperates with the NEAR Foundation to jointly promote the development of the NEAR ecosystem.
BORA 3.0 release: $BORA announced that it will release BORA 3.0 on June 11, which is highly anticipated by the market.
dYdX important announcement: $DYDX announced that it will release an important announcement soon, suggesting that it will have a major update soon, which may surpass the existing version.
Mask Network staking: $MASK announced that its staking season 1 will be launched soon, providing holders with more income opportunities.
Bybit opens registration for Chinese users: Bybit, the platform to which $MNT belongs, has opened registration and certification for Chinese users to further expand its user base.
Mantra cooperates with ZAND BANK: Mantra, the project to which $OM belongs, has reached a cooperation with ZAND BANK, which has obtained the license of the Central Bank of the United Arab Emirates, to strengthen its layout in the financial field. **AIWayfinder and PRIME tokens∗∗: @AIWayfinder announced that the function of caching PRIME tokens has been launched. Users can pledge PRIME to PROMPT, of which 40% of the tokens will be awarded to the staker.
Stacks and Grayscale live broadcast: Muneeb Ali, co-founder of Stacks and Grayscale, the project to which $STX belongs, will conduct a live broadcast at 11 am Eastern Time on June 6.
IV. Exchange and token launch
Upbit launches Taiko: Upbit has announced the launch of $TAIKO, but the trading start date has not yet been determined.
Wormhole staking function: @RobinsonBurkey, co-founder of Wormhole, the project to which $W belongs, hinted that the staking function will be released to provide holders with more ways to earn income.
5. Market Hotspots
$SHIB Early Buyers Increased Holdings: Early buyers who had made a profit of $145 million on SHIB increased their holdings again. Two whales spent $35.2 million to buy 135.6 million SHIBs, and the market responded enthusiastically.
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