๐ธ #BNB Bloomberg: Former Coral Capital executives are in talks to raise $100 million to invest in a BNB token linked to Binance Holdings through a publicly traded company they control. The team plans to finalize the fundraising this month and rename the company Build & Build Corporation.
CZ: I've heard of several companies doing this. None of them are run by me/us yet. But we give them a lot of support. BNB is a public native coin on the blockchain, not "tied" to Binance Holdings Ltd or CEX Binance.
CZ: I've heard of several companies doing this. None of them are run by me/us yet. But we give them a lot of support. BNB is a public native coin on the blockchain, not "tied" to Binance Holdings Ltd or CEX Binance.
๐ #BTC Glassnode: Since June 10, Bitcoin investors classified as Loss Sellers rose 29%, showing growing pressure on weak hands. But Conviction Buyers also increased, suggesting sentiment isnโt collapsing. Some are cutting losses - others are actively lowering their cost basis.
๐ฝ๐ #BTC #ETH #ETF Theblock:
- The cumulative trading volume of the US spot Bitcoin ETF has surpassed $1 trillion in less than 18 months;
- BlackRock's IBIT fund leads among similar products with a 79% market share;
- Daily trading volume of spot Bitcoin ETFs is currently maintained between $2.3 billion and $4.4 billion;
- The Ethereum U.S. spot ETF has a cumulative trading volume of $83.4 billion since its launch;
- The asset management scale of spot Bitcoin ETFs has exceeded $120 billion and the asset management scale of the IBIT fund has reached $70 billion, making it the fastest ETF product to reach this scale in history.
- The cumulative trading volume of the US spot Bitcoin ETF has surpassed $1 trillion in less than 18 months;
- BlackRock's IBIT fund leads among similar products with a 79% market share;
- Daily trading volume of spot Bitcoin ETFs is currently maintained between $2.3 billion and $4.4 billion;
- The Ethereum U.S. spot ETF has a cumulative trading volume of $83.4 billion since its launch;
- The asset management scale of spot Bitcoin ETFs has exceeded $120 billion and the asset management scale of the IBIT fund has reached $70 billion, making it the fastest ETF product to reach this scale in history.
๐๐ #BTC has slightly deviated but still appears to be tracking global M2 liquidity โ historically a bullish correlation.
๐ #ETH network activity continues to grow โ over 13.2M active addresses last week, with increasing multi-chain engagement.
๐๐ #BTC continues to exhibit lower realized volatility than major US stock indices despite record high geopolitical uncertainty.
๐บ๐ธ๐น FOX: The Federal Reserve is dropping "reputational risk" as a factor in supervising banks. In a memorandum released today, the central bank said it will remove the term from examination manuals and train examiners to focus on specific financial risks.
Previously Lummis: The Fed continues to illegally prevent crypto banks from accessing main accounts and still utilize reputational risk in bank supervision.
Previously Lummis: The Fed continues to illegally prevent crypto banks from accessing main accounts and still utilize reputational risk in bank supervision.
๐ #COIN The Base network reached ATH last week in terms of user activity (3.6 million for the day and 14 million for the week).
Earlier:
- Coinbase integrates DEX on Base into its app
- Shopify will integrate Stablecoin payments via Base later this year
- JPMorgan will launch JPMD deposit token on the Base blockchain
Earlier:
- Coinbase integrates DEX on Base into its app
- Shopify will integrate Stablecoin payments via Base later this year
- JPMorgan will launch JPMD deposit token on the Base blockchain
๐บ๐ธ๐ #SXT Grayscale Space and Time Trust (SXT), registered in Delaware.
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๐ฃ #BTC Bloomberg refers to gold as โBitcoin you can touchโ. Calling it the โphysical versionโ of BTC.
๐๐ค #BTC CQ: Binance retail inflow percentage (%) surge to 2-year high ahead of Bitcoin price drop.
While retail participants are often seen as lagging market movers, this time they may have been ahead of the curve.
While retail participants are often seen as lagging market movers, this time they may have been ahead of the curve.