❓ What Happened in #Crypto in the Past 24 Hours
1. Overall Market Trend
▪️ $BTC has a small drop and is still around 107000
▪️ $ETH rose and fell back, a volatile market, currently hovering around 2450
▪️ $SOL is really weak, buying so much doesn't push the price up. Currently around 140
▪️ Altcoins are generally falling, BTC is fluctuating, altcoins only have endless declines
2. On-Chain News
▪️Total TVL across all chains is 110.014B, unchanged from yesterday
▪️Very few meme coins on the chain are performing well, #USELESS is up over 20% in 24 hours, currently with a market cap of 141.9M; $FAIR market cap 4.6M; Avalanche chain meme is performing well, $SUMMIT market cap 3.3M
3. Hot News
▪️Canadian banking regulator: Developing a regulatory framework for stablecoins
▪️Fed's Collins: A rate cut in July may be premature
▪️Deutsche Bank: The US 'Clarity for Payment Stablecoins Act' will strongly promote USD stablecoins and put pressure on the Fed to cut rates
▪️New York judge again rejects SEC settlement request with Ripple
▪️The US Federal Housing Finance Agency, Fannie Mae, and Freddie Mac jointly established American Fintech, LLC
▪️Bitwise files amended S-1 form with the US SEC for spot DOGE and Aptos ETFs
▪️Kraken launches all-in-one global money app "Krak"
▪️US Q1 Core PCE Price Index annualized quarterly rate final value 3.5%, expected 3.4%; US initial jobless claims for the week ending June 21st 236,000, expected 245,000
▪️US Q1 Real GDP annualized quarterly rate final value -0.5%, expected -0.20%
#Crypto $BTC $ETH $SOL #USELESS $FAIR $SUMMIT
