Reincarnation Community News on June 22

1. 【SEC Plans to Reform Crypto Broker Rules, Hedge Funds May Gain Custody Rights】 (Importance: 40%)

Content: SEC Chair Gensler stated that the current custody framework needs restructuring, considering allowing hedge funds to self-custody crypto assets, and studying capital requirements and customer protection mechanisms.

Analysis: If implemented, it will break the traditional custodians' monopoly (e.g., Coinbase's custody business may be impacted), but could accelerate the entry of compliant institutions. The short-term market interprets this as an upgrade in regulatory uncertainty, prompting some institutions to sell off for safety.

2. 【Net Outflow of $7.17 Million in BTC Main Funds, Short Positions Account for 66%】 (Importance: 30%)

Content: Large transactions in the past 12 hours show a net sale of $7.17 million, with a buy-sell ratio of 1:2, a single market sell order of $1.34 million intensifies short-term downward pressure.

Analysis: Data verification institutions and quantitative funds are accelerating their exit, the 2-hour K-line's bullish pattern has been broken by moving averages, with $102,500-$103,000 becoming a new consolidation area.

3. 【Ancient Whale Sells 5,000 ETH, Return Exceeds 200 Times】 (Importance: 20%)

Content: An address established in 2016 deposited 5,000 ETH (approximately $12.11 million) to Coinbase, if all sold, would profit $12.05 million, and this address still holds 5,000 ETH.

Analysis: Whale activity intensifies market concerns about the liquidity staking and unstaking trend of ETH, with the ETH/BTC exchange rate dropping to 0.0235 (a new low for the year), which may drag down BTC's rebound momentum.

4. 【Paradigm Liquidates LDO for a Profit of $28.13 Million, Triggering Panic in the Staking Sector】 (Importance: 10%)

Content: Paradigm sold the last 10 million LDO at an average price of $1.16, accumulating a profit of $28.13 million over 4 years, with remaining tokens set to flow into exchanges.

Analysis: The top VC's exit from the leading staking project may indicate institutions' shaken confidence in the Ethereum POS ecosystem, with Lido's TVL decreasing by $320 million in a single day, negatively impacting the ETH staking derivatives sector.