6.5 Crypto 10 Key News
Each has its own understanding, purely personal opinions, not investment advice!
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El Salvador's President met this afternoon with Bo Hines, Executive Director of the U.S. Presidential Advisory Council on Digital Assets, to discuss BTC-related digital asset cooperation. Positive for BTC!
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Nasdaq-listed Bitcoin mining company Cipher Mining released an update report on production and operations, disclosing that it mined 179 BTC in May and sold 64 BTC, holding a total of 966 BTC by the end of May, with a running hash rate of 13.5 EH/s at month-end. Currently, BTC prices are sufficient to support mining company operations, with profits over double!
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The U.S. Securities and Exchange Commission has postponed its decision on the Canary spot SUI ETF application. The delay is a good thing, but the probability of SUI passing is quite high, which means that today, in addition to SOL and ADA, SUI is also likely to pass the ETF, positive for SUI and the SUI ecosystem, those optimistic can consider positioning!
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Elon Musk responded to Coinbase CEO Brian Armstrong's statement that Bitcoin could become a reserve currency. Positive for BTC!
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"Federal Reserve Watch": The probability of the Federal Reserve keeping interest rates unchanged in June is 95.6%, and the probability of a 25 basis point rate cut is 4.4%. The probability of the Federal Reserve keeping interest rates unchanged in July is 69.9%, with a cumulative probability of a 25 basis point cut at 28.9% and a cumulative probability of a 50 basis point cut at 1.2%. Likely to remain unchanged!
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Coinbase has added PancakeSwap (CAKE) to its coin listing roadmap.
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Coinbase announced that it will add support for Lagrange (LA) on the Ethereum network. If liquidity conditions are met, trading will begin later today. Once the supply of this asset is sufficient, trading for the LA-USD pair will be rolled out in phases. This also explains today's strong rebound of LA!
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The Blockchain Group will hold its annual shareholders meeting on June 10, 2025, seeking shareholder approval to raise €10 billion to accelerate its Bitcoin reserve strategy. Positive for BTC!
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According to Arkham data, BlackRock's Bitcoin exchange-traded fund IBIT has increased its holdings by a total of 545.285 BTC, valued at approximately $57.09 million. Giants are starting to increase their BTC holdings again, positive for BTC!
