Crypto Longs Get Rekt as Bitcoin, Ethereum and Dogecoin Dive Long position liquidations are rapidly piling up as Bitcoin, Ethereum, Dogecoin, and Solana losses accelerate Thursday. #highlight #MarketPullback
World’s Top Carry Trade Renews Debate Over Hong Kong Dollar Peg
An unprecedented disconnect between Hong Kong and US interest rates is fueling the world’s top-performing carry trade — and stoking a fresh debate about the long-term appeal of the city’s pegged exchange rate.
Hong Kong’s currency has slumped in recent weeks toward the weak end of its official trading band against the greenback, after local interest rates fell to a three-year low and widened the discount to their US peers to rarely seen levels. This has fueled demand to use the Hong Kong dollar to invest in the higher-yielding US currency, turning the bet into the world’s most rewarding carry trade over the past month by one measure.
USDC stablecoin launches on XRP Ledger Circle's USDC has a market capitalization of over $61 billion, making it the second-largest stablecoin, second to Tether's USDt.
Single Bitcoin Trader Loses $200M as Crypto Bulls See $1B Liquidations Massive liquidations dampened bullish momentum from Circle’s IPO and revived optimism around DeFi tokens, as over 247,000 traders were wiped out.
The specific purchases include 51.15 million JST tokens at a cost of approximately $1.89 million, averaging $0.037 per token; 5 million MANTA tokens costing around $1.54 million, with an average price of $0.309 per token; 4.73 million YGG tokens purchased for about $1.02 million, averaging $0.216 per token; 137 million IOST tokens at a cost of $480,000, with an average price of $0.0035 per token; 21.28 million IOTX tokens costing approximately $440,000, averaging $0.021 per token; 3 million SIREN tokens purchased for around $540,000, with an average price of $0.18 per token; and 3.5 million PHA tokens costing about $480,000, averaging $0.139 per token.
AB DAO announced that its native token $AB officially began trading on Binance Alpha—Binance’s early-access, exclusive listing platform. What strategic considerations led AB to choose Alpha, and what role does this phase play in the “AB Anywhere” cross-chain asset vision? This report delves into the AB team’s rationale and plans. Users can refer to the official Binance announcement: https://x.com/binance/status/1931229650543583317)
Putting Technology and Liquidity to the Test on Alpha
For any emerging blockchain network, a first exchange listing is a comprehensive trial of both technology and operations. Although the AB team has conducted multiple internal and third-party security audits on AB Core and the AB Connect cross-chain protocol, real-world user environments often hide unforeseen risks. By listing on Binance Alpha—where contracts undergo Binance’s rigorous security review—the team can identify on-chain performance bottlenecks and deploy optimizations rapidly. Alpha’s user base is targeted and highly active, with a penchant for exploring new projects. By observing their trading behavior and cross-chain experiences in real time, the AB team can make iterative improvements and preempt potential issues.
Ethereum News: ETH Price Breaks Out Ready for $3000, While Investors Double Down on New Crypto Un...
Ethereum (ETH) is turning heads again in June 2025, with its price breaking key resistance levels and gearing up for a potential surge toward the $3,000 milestone. As one of the best cryptos to buy now, ETH’s renewed strength is backed by network upgrades and growing DeFi activity, fueling bullish sentiment across the market.
XRP Price Watch: Momentum Stalls, But Breakout Potential Builds XRP traded at $2.19 on June 7, 2025, with a market capitalization of $128 billion and a 24-hour trading volume of $1.33 billion. The cryptocurrency moved within a tight intraday range of $2.16 to $2.19, suggesting subdued volatility ahead of a potential breakout.
XRP On the 1-hour chart, XRP displayed a tightly consolidated price action between $2.17 and $2.19. This narrow range reflected limited momentum as traders awaited a market catalyst. The short-term structure was characterized by low volatility and indecisive sentiment, consistent with a coiling pattern potentially preceding a breakout. Key levels to monitor are a clean break above $2.20, which could trigger a move toward $2.24 to $2.26, or a drop below $2.15 that may initiate a decline to $2.10. Current price action favors nimble scalping strategies while larger directional plays await confirmation. #MarketPullback #BinanceAlphaAlert
Ethereum Leads Altcoin Rally with Solana and Dogecoin – Best Crypto to Buy Now
Bitcoin broke all previous records over the past 24 hours, hitting a new all-time high of $111K.
This is particularly remarkable if we remember that $BTC was still languishing around $75K in early April. This marks a 50% increase in under two months.
Bitcoin ETFs brought in $173 million in net inflows, marking the 8th straight day of gains. For the second day in a row, Blackrock’s IBIT was the engine behind the surge, attracting a sizable $216.73 million in fresh funds. Offsetting some of the momentum were outflows from Bitwise’s BITB ($24.39 million), Ark 21Shares’ ARKB ($13.32 million), and Fidelity’s FBTC ($6.24 million). #BinanceAlphaAlert #Binance
Bitcoin ETFs Hit Eighth Day of Successive Gains With $173 Million Inflow
Bitcoin ETFs continued their winning streak with an eighth consecutive day of inflows, bringing in $173 million as Blackrock’s IBIT remained the dominant force. Ether ETFs held firm, notching their fourth straight day of inflows, led by Fidelity’s FETH.
Bitcoin and Ether ETFs Keep Momentum With $191 Million Combined Inflows
Bitcoin is trading at $93,721.16 at the time of reporting, according to data from Coinmarketcap. The cryptocurrency experienced a modest 1.48% dip over the past 24 hours, yet maintained a weekly gain of 0.75%. Throughout the day, BTC fluctuated within a relatively tight range between $92,979.64 and $95,485.41.
The U.S. economy shrank by 0.3% in the first quarter of 2025 after companies rushed to import goods in the wake of President Donald Trump’s global trade war.
Bitcoin Edges Lower After U.S. Economy Shows Weakness