$BB has significant good news, the details are at the bottom↓↓↓ To summarize, it’s about buybacks and accumulating tokens, planning for 10 million USD. Currently, the market cap of BB is only 100 million USD, so do the math.
Odaily Planet Daily reports that BounceBit has partnered with Wall Street asset management giant Franklin Templeton to launch a new product called BB Prime, and simultaneously initiate a token buyback plan. This product integrates Franklin Templeton's tokenized money fund, creating a structured product that combines basis arbitrage and government bond yields in a CeDeFi framework. The announced BB token buyback plan is supported by over 10 million USD in protocol revenue, aiming to strengthen the long-term value support for the tokens.
$CFX I decided to use a gambling strategy to see when I can reach 10,000 US dollars. Initial capital 11 US dollars, opened with 31x leverage, opened position at 0.205, closed position at 0.263, net profit 95 US dollars
#GalaxyDigital抛售比特币 This round of decline has not ended, and more and more funds will start to sell off. It depends on whether it can be caught. The pessimistic estimate is that it may reach 105,000 dollars by the end of the month. The strategy can be short $BTC , long $ETH
The funding rate of $NXPC has been negative for a while, it's time to start shorting. There is a high probability that after this wave of decline ends, a major rebound will begin, looking forward to a rise to 2 dollars.
BTC returns to $30,000. Can the old narrative of institutional entry ignite a new bull market?
In just two days, Bitcoin recovered its lost ground and rebounded against the trend.
Tonight, Bitcoin successfully exceeded US$30,000, rising to a maximum of US$30,700, an increase of more than 10% on 24; and BTC’s market value accounted for 50%, setting a record since April 2021.
Regarding the current market rise, one theory is a short squeeze. Increased regulation over the past two weeks and Bitcoin's fall below the $25,000 support level have fueled a surge of bearish sentiment in the market. Coinglass data shows that the BTC long-short ratio reached its lowest level of 0.94 on June 13. In the market sentiment survey, 36% of respondents said they were "bearish" and 15% said they were "extremely bearish." More than half, only 29 % of respondents are bullish.
BTC returns to $30,000. Can the old narrative of institutional entry ignite a new bull market?
In just two days, Bitcoin recovered its losses and bucked the trend.
Tonight, Bitcoin exceeded US$30,000, rising to a maximum of US$30,700, with a 24-hour increase of more than 10%; and Bitcoin’s market value accounted for more than 50%, reaching 51.7%, the highest since April 2021 record.
Regarding the current market rise, one theory is a short squeeze. Increased regulation over the past two weeks and Bitcoin's fall below the $25,000 support level have fueled a surge of bearish sentiment in the market. Coinglass data shows that the BTC long-short ratio reached its lowest level of 0.94 on June 13. In the market sentiment survey, 36% of respondents said they were "bearish" and 15% said they were "extremely bearish." More than half, only 29 % of respondents are bullish.
FTX spent $120 million in three months. How was it "cheated" by the law firm?
As FTX's bankruptcy reorganization proceeds, mounting legal costs are causing significant concern.
FTX’s expenses totaled $121.8 million between February 1 and April 30, including legal, consulting and financial services fees, according to a June 15 filing by FTX’s advisers.
Among them, Sullivan & Cromwell law firm charged US$37.6 million in fees, accounting for 30.9% of the total fees and expenses; investment bank Jefferies charged the lowest fees, with only more than US$700,000 accounting for 0.6% of the total fees and expenses; the restructuring of Alvarez and Marsel Advisor charges $37 million, including $1.1 million in fees - including $51,225 for meals, $149,155 for lodging and $1,995 for other miscellaneous expenses; FTI Consulting in a workflow called "Exchange Restart" Approximately 686.8 hours were spent on the project and $761,997.70 was charged.
Twitter supports the Bitcoin market, which is good news. Bitcoin volatility has started to rise again, and Bitcoin options are on the rise! ! ! (Figure 1 was opened today, Figure 2 is eth opened last week and is bullish, it has been flat)
LSDFi Protocol Agility: Two weeks after launch, TVL is close to $500 million, and the token has soared 20 times
Produced | Odaily Planet Daily
Author | Qin Xiaofeng (welcome news and exchanges)
Last Thursday, Ethereum completed the Shanghai upgrade and opened the pledge withdrawal function. The expected selling pressure did not come, and the market's enthusiasm for participating in ETH pledges became higher. According to token.unlocks (click to jump) data, since the upgrade, the new pledge amount on the Ethereum network has reached 468,000 ETH - before the upgrade, the average weekly increase was only about 100,000 ETH.
If this trend continues, more LSD (liquidity pledged derivatives) protocols will be born, promoting the arrival of LSD Summer. At this time, for the LSD Holder of the new protocol, there are two core needs: one is the liquidity of the LSD token; the other is the scenario of LSD token appreciation - pledging, lending, interest generation, etc. Agility Protocol was born to solve these core problems.
#BUSD CZ tweeted in response to the recent "SEC investigation of BUSD issuer Paxos": Paxos will continue to provide product services and manage redemption functions. Paxos also assures us that the funds are safe and fully covered by its bank reserves, which have been audited multiple times by multiple auditing firms. Binance will continue to support BUSD for the foreseeable future. We do foresee users migrating to other stablecoins over time. We will also make corresponding product adjustments. For example, abandon using BUSD as the main trading currency, etc.
The DCG thunder has most likely passed and will not have an impact on the encryption market.
In an article last year, I analyzed DCG’s current debt gap: US$550 million in short-term debt (due in May 2023) + US$1.1 billion in promissory notes (due in 2032), and listed possible self-rescue measures: sell Subsidiaries, selling trusts such as GBTC and finally selling equity in the parent company. Article review link: https://www.odaily.news/post/5184646
Now I basically follow the above process. According to the latest news, DCG began selling trust shares such as ETHE at a discount, and agreed to convert $11 of debt into DCG equity and sell equity in Genesis subsidiaries.
The deep bear has passed and the bull market has arrived🐂
#apt #aptos VC Hashed Lianchuang Alex Shinx said, "In South Korea, Aptos is a Meme Coin. The largest asset in South Korea is real estate, more accurately, apartments. In South Korea, retail investors call Apto "apartment", which means that if people hold APT , and one day be able to afford a real apartment."
In-depth analysis: If USTC is re-pegged, the LUNC community may split again
Author | Qin Xiaofeng
Produced by Odaily Planet Daily
Today, the long-dormant Terra Classic (LUNC) and TerraUSD (USTC) have once again become the focus of the crypto community.
Community voting results show that proposal#11324"Relink USTC to LUNC" was passed - although there are still three days until the final end of the voting, the proposal has now exceeded the minimum threshold, and more than 78% of the votes cast were in favor. As soon as the news came out, the prices of LUNC and USTC soared, with the highest increases in 24 hours being 24% and 83% respectively, which attracted a lot of attention.
In-depth analysis: Will Genesis' bankruptcy filing drag down DCG?
On January 18, when the U.S. Department of Justice announced that it would join forces with the Department of the Treasury and the Federal Bureau of Investigation (FBI) to conduct a major law enforcement action against an international encryption company, the encryption market was faced with a major enemy. Many people have speculated that the company may be the Digital Currency Group (DCG), an American crypto group that is in the spotlight, is in a liquidity crisis, and is frequently rumored to be about to go bankrupt. Some crypto investors even liquidated their positions in advance to avoid risks.
Although it turned out to be a false alarm - the sanctions targeted the Russian "third-tier" encryption trading platform Bitzlato, and the market rebounded quickly, there is no doubt that DCG has been regarded as a time bomb by the encryption market. The reason why many people stayed on the sidelines and failed to catch up with the market trend at the beginning of the year is probably because they were worried about the future of DCG.