Crypto Market Dips Shortterm Bitcoin Falls Below 69000 Ethereum Loses Grip on 3600

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Over the past hour, the entire network has liquidated $2.93 billion, with long positions dominating.
The crypto market has experienced a short-term decline, with Bitcoin dropping below $69,000 and Ethereum losing support at $3,600.
Bitcoin fell below $70,000, while Ethereum dropped below $3,700.
Bloomberg: Crypto custodian and trading company Bakkt is considering selling or splitting.
A whale address spent 12,110 SOL to buy 135 million GME, currently with a floating profit of $618,000.
GameStop’s stock price has dropped by 37%, the largest decline since February 2021.
Analysts suggest that Robinhood’s acquisition of Bitstamp may open doors for institutional clients.
JPMorgan has shifted its expectation for the first Fed rate cut from July to November.
Nine US spot Bitcoin ETFs have added 3,689 BTC today, worth approximately $2.619 billion.
OKX responds to the surge in Bitcoin transaction fees: the team is testing consolidation programs and has suspended them.
Bitcoin network’s high priority transaction fee has risen to 521 Sat/byte.
The code for the Tellor Layer oracle protocol has officially entered the audit stage.
Wells Fargo: Labor market heat in the US is fading, but rate cuts require inflation to slow down.
zkSync has completed the v24 mainnet deployment.
Grayscale report: Limited upside potential for Ethereum price after the approval of spot ETF.
Sources: Customers Bank will cancel bank accounts for some crypto hedge funds.
GameStop suspends trading due to volatility, with the previous decline narrowing to 15%.
GameStop’s stock price falls by over 19% after the US stock market opens.
Bitfinex analyst predicts Bitcoin could drop below $70,000 in the short term due to decreased interest in risk assets.
Ripple sells 150 million XRP today, worth approximately $78 million.
dWallet integrates with Aptos blockchain to support multi-chain DeFi and gaming.
L1 blockchain Datalayer completes a $500,000 pre-seed funding round led by GBV Capital.
Taiko: DaikoDEX has been removed from the ecosystem page.
Strong US job data dampens expectations of a Fed rate cut.
The US added 272,000 non-farm jobs in May, exceeding expectations, with average hourly earnings rising by 0.4%, better than expected. The US dollar index has surged, while gold has plummeted significantly.
The Manta Foundation begins supporting collectors on Manta Atlantic by authorizing 50 million MANTA tokens.
Bernstein: Following Robinhood’s acquisition of Bitstamp, the variety of tokens offered may expand to over 85.
Bitfinex predicts that the Bitcoin bull market cycle will peak in the fourth quarter and reach a peak of $120,000.
CryptoQuant: Whale account daily Bitcoin spending has reached $1 billion recently.
MicrovisionChain strategically partners with AntPool.
Zilliqa announces the release of the Zilliqa 2.0 whitepaper and roadmap, with mainnet deployment by year-end.
BEVM launches a new incentive program, offering $60 million in incentives for excellent projects and users.
Norwegian authorities freeze and return the $5.7 million loss caused by the Ronin hack.
CertiK launches a one-stop security solution SkyKnight for Solana Meme tokens.
CoinGecko experiences a data leak, but user accounts remain secure.
Animoca co-founder: Hong Kong may allow Ethereum spot ETF pledging this year.
The Mina protocol has completed a network upgrade.
Starknet: Will not create new exclusive tokens on Bitcoin.
The social network Twetch, based on BSV, ceased operations on June 6.
The Kaia project, a merger of Finschia and Klaytn, launches the v1.0.0 testnet “Kairos.”
Hashkey Exchange’s user custody assets have exceeded $500 million.
10x Research: Bitcoin is expected to rebound to $83,000 soon, with the resistance likely to be broken in the coming days.
BitDeer: The first batch of SEAL01 chips is expected to be mass-produced and delivered in Q3 2024.
ECB Governing Council Member Kazaks: Future rate cuts should be gradual.
Decentralized land experiment organization CityDAO opens refund inquiries.
Xu Zhengyu: October is the flagship event month for Hong Kong Web3, and European officials are interested in the effectiveness of virtual asset regulation in Hong Kong.