-Many KOLs have mentioned that black swan events of war often cause short-term crashes but can rebound quickly. This statement is not wrong, but it overlooks the turn-based nature both sides enjoy playing. A crash that could solve the problem ends up resembling children's play, where harsh words are thrown around daily to annoy the financial market. Last year's 413/414 was taken down in this way.
1) Middle East Situation Escalation
-Today, Israel officially took action against Iran, proving that the Middle Eastern little tyrant lives up to its reputation; when they can act, they certainly won't just talk.
2) $ETH Spot ETF Maintains Net Inflow
-As of the deadline, the Ethereum spot ETF has seen a net inflow for 19 consecutive days, with a single-day inflow of 112 million USD yesterday.
-These past few days, Ethereum has indeed been strong. Although affected by the Israel-Iran conflict today, it has seen a significant drop, yet it remains a favorite among capital. Currently, Ethereum has not broken the 3000 mark, and is still far from its previous high, with a price of 2400, roughly the same as the end of 2023. Setting aside other factors, just looking at ETF capital flows, the highlight of $ETH has yet to arrive; in fact, today the $ETH/$BTC trading pair even dropped below 0.025.
3) GENIUS Stablecoin Bill (🌟🌟)
-The U.S. Senate plans to vote on the GENIUS stablecoin bill on June 17, with only 4 days left.
-The leader has been looking forward to the arrival of this bill. It should be a done deal if passed on the 17th. Recently, affected by the black swan of war, various tokens are undergoing a correction. Perhaps the passage of the bill will bring a new trend to the market.
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