Headlines
▌A whale withdrew 520 billion PEPE from Binance, about 5.28 million US dollars
According to Lookonchain monitoring, 30 minutes ago, a whale withdrew 520 billion PEPE (about 5.28 million US dollars) from Binance. It is worth noting that this whale is not smart. He bought a total of 10 tokens but never sold them. According to the current price, he lost a total of 6.1 million US dollars and made a profit of 5 tokens, with a winning rate of 50%.
▌ AR breaks through $45
The market shows that AR has broken through $45 and is now trading at $45.01, with a daily increase of 14.24%. The market is volatile, so please do a good job of risk control.
Quotes
As of press time, according to Coingecko data:
The latest transaction price of BTC is $66245.93, with a daily fluctuation of +7.5 % ;
ETH's latest transaction price is $3036.40, with a daily change of +5.4 % ;
BNB's latest transaction price is $591.89, with a daily change of +2.7 % ;
SOL's latest trading price is $158.34, with a daily change of +11.3 % ;
DOGE's latest trading price is $0.1560, with a daily change of +3.9 % ;
XPR recently traded at $0.5191, with a daily change of +3.7 % .
policy
▌U.S . Congressman: The Senate may be affected by the support of cryptocurrency bills by several Democrats
Patrick McHenry, chairman of the U.S. House Financial Services Committee, said that the expected vote on U.S. cryptocurrency industry regulation legislation next week will have a significant impact on the U.S. Senate's position, especially whether a large number of Democrats support the bill. Previously, the House of Representatives passed a number of cryptocurrency-related bills, including the "21st Century Financial Innovation and Technology Act," which is about to be voted on for final approval in the House of Representatives. Although the bill may face challenges in the Senate, McHenry and others are optimistic about the results of the House vote on it because it is related to the development of the cryptocurrency industry in Washington.
▌U.S . Department of Justice: Two brothers who attacked the Ethereum blockchain and stole $25 million in cryptocurrency were arrested
The U.S. Attorney’s Office for the Southern District of California announced the arrest of brothers Anton and James Peraire-Bueno for allegedly exploiting a vulnerability in the Ethereum blockchain to steal approximately $25 million worth of cryptocurrency in approximately 12 seconds.
According to the indictment, the two suspects studied mathematics and computer science at a prestigious American university and used their expertise to manipulate and tamper with the transaction verification and addition protocol of the Ethereum blockchain to fraudulently obtain the victims' cryptocurrencies. This is the first time such an attack has ever occurred. The two were charged with conspiracy to commit wire fraud, wire fraud, and conspiracy to launder money, each of which carries a maximum sentence of 20 years in prison. Deputy Attorney General Monaco said that although the defendants planned for months and carried out this complex and unprecedented fraud in seconds, they still could not escape the law.
▌US House resolution to overturn controversial SEC rule could pass Senate
A resolution introduced by the U.S. House of Representatives is expected to pass a Senate vote to revoke Staff Accounting Bulletin 121 (SAB 121) previously issued by the U.S. Securities and Exchange Commission (SEC), according to multiple people familiar with the matter.
SAB 121 requires companies to record their crypto assets on their balance sheets, but critics say the rule is too strict and essentially prevents major custodians and companies from holding crypto assets for their clients. Last week, the U.S. House of Representatives voted to overturn the resolution.
Sources said the Senate may vote on the resolution later Thursday morning local time. The resolution is currently in a "favorable position" in the Senate and several Democratic lawmakers are expected to vote in favor.
▌Australian Labor Minister: Passing the Digital ID Bill is necessary
Australia's Labor Minister believes that passing the Digital ID Bill is necessary to provide individuals with the choice of whether to use a digital ID.
Blockchain Applications
Mastercard and Standard Chartered pilot tokenized deposits
Mastercard and Standard Chartered have partnered on a proof-of-concept pilot to explore tokenized deposits and tokenized carbon credits. The two financial services giants worked with Standard Chartered’s Hong Kong digital bank Mox and asset tokenization technology company Libeara to conduct the PoC on the Hong Kong Monetary Authority’s Fintech Supervisory Sandbox.
▌ Shibaswap has expanded to the Shibarium blockchain
The development team of meme token project SHIB announced that the decentralized exchange (Dex) Shibaswap has expanded to the Shibarium blockchain. SHIB’s lead developer detailed that Shibaswap’s trading platform is now accessible to users of both the Ethereum and Shibarium networks.
Komodo plans to transition from proof of work to proof of stake
Komodo, a blockchain interoperability and atomic swap technology project, plans to transition its blockchain from Proof-of-Work to Proof-of-Stake. This transformative shift underscores Komodo’s strong commitment to environmental sustainability, as PoS consumes significantly less energy compared to PoW.
Cryptocurrency
Coinbase is eyeing cryptocurrency demand in Australia’s pension sector
Coinbase, the largest cryptocurrency exchange in the United States, is targeting the potential demand of Australia's growing self-managed superannuation industry. John O'Loghlen, managing director for Asia Pacific, said the exchange is developing a service targeted at the segment. The latest data from the Australian Taxation Office shows that such portfolios account for about a quarter of Australia's $2.5 trillion superannuation system, and A$1 billion ($664 million) is allocated to cryptocurrencies.
▌Grayscale ETHE negative premium rate reached 23.64%
According to Coinglass data, the current negative premium rate of Grayscale ETH Trust Fund (ETHE) is 23.64%; the negative premium rate of ETC Trust is 44.63%.
▌ Elliott Capital and Apollo Management hold a total of about $65 million worth of spot Bitcoin ETFs
Elliott Capital disclosed that it holds nearly $12 million in BlackRock's spot Bitcoin ETF IBIT. In addition, Apollo Management Holdings disclosed that it held $53.2 million in ARKB at the end of the quarter. Other well-known names who disclosed on Wednesday that they would allocate assets to spot Bitcoin ETF funds include Aristeia Capital and Hudson Bay Capital.
▌Canada 's "cryptocurrency king" and his accomplices were arrested and charged with involvement in a $30 million Ponzi scheme fraud
Two Canadian men have been arrested and charged with fraud for allegedly defrauding investors of $40 million Canadian dollars (about $30 million U.S.) in a cryptocurrency and foreign exchange investment scheme. Self-proclaimed "crypto king" Aiden Pleterski, 25, has been charged with fraud and money laundering for his role in the alleged Ponzi scheme. His colleague, Colin Murphy, 27, has been charged with fraud, the Ontario Securities Commission announced Wednesday.
▌Fund manager Boothbay holds nearly $150 million worth of BlackRock spot Bitcoin ETF
Fund manager Boothbay revealed in a new SEC filing that he holds nearly $150 million worth of BlackRock's spot Bitcoin ETF, and that he is now the ETF's largest reported holder.
▌New Vanguard CEO insists on not launching spot Bitcoin ETF
Salim Ramji will take over as Vanguard CEO from Tim Buckley on July 8. He said Vanguard will not launch its own spot bitcoin exchange-traded fund (ETF). He believes that the company should be consistent in its stance and product services. Ramji did not comment on the company's decision not to provide customers with trading access. Prior to this, he was in charge of the global iShares business at BlackRock, promoted the company's decision to launch a bitcoin ETF, and left in January this year.
Important economic developments
▌The probability of the Federal Reserve keeping interest rates unchanged in June is 91.5%
According to CME's "Fed Watch", the probability of the Fed keeping interest rates unchanged in June is 91.5%, and the probability of a 25 basis point rate cut is 8.5%. The probability of the Fed keeping interest rates unchanged by August is 66.0%, the probability of a cumulative 25 basis point rate cut is 31.6%, and the probability of a cumulative 50 basis point rate cut is 2.4%.
▌Federal Reserve Board Governor Bowman: States and the federal government need to cooperate on stablecoins
Federal Reserve Governor Bowman said states and the federal government need to work together on stablecoins, and New York Democratic Senator Kirsten Gillibrand said she hopes to vote on a stablecoin bill she co-leads with Wyoming Republican Senator Cynthia Lummis, which addresses the roles of state and federal governments.
▌U.S . stocks closed: All three major stock indexes hit record highs
U.S. stocks closed on Wednesday, with the Dow Jones Industrial Average initially closing up 350 points or 0.89%, the S&P 500 up 1.17%, and the Nasdaq up 1.4%. All three major stock indexes hit record highs. GameStop (GME.N) fell 18%, AMD (AMD.O) rose 4%, and MicroStrategy (MSTR.O) 15%.
Golden Encyclopedia
Ethereum futures ETFs are investment funds that track Ethereum futures contracts rather than Ethereum itself. Investors can use Ethereum futures ETFs to speculate on the future price of Ethereum without actually holding the cryptocurrency. Instead of holding a tangible asset, Ethereum futures ETFs invest in futures contracts. These contracts are a promise to buy or sell Ethereum at a predetermined price on a predetermined date in the future. Without having to deal with wallets or cryptocurrency exchanges, investors can purchase these contracts through ETFs, thereby gaining exposure to Ethereum's price fluctuations, and the ETF simply raises investors' funds to buy them.
Disclaimer: As a blockchain information platform, Jinse Finance publishes articles for information reference only and is not intended as actual investment advice. Please establish a correct investment philosophy and be sure to raise your risk awareness.
