Cryptocurrency Futures Positions Forcibly Liquidated for $1.123 Billion in 24 Hours
Major exchanges saw futures positions worth $152 million forcibly liquidated in the past hour. The total amount in 24 hours is $1.123 billion.
Israel Launches Preemptive Strike on Iran
According to foreign media, Israel has launched a preemptive strike on Iran. Axios reports that the Israeli Air Force conducted an airstrike on Iran.
Iran: "US and Israel Will Pay a Heavy Price"
Iranian state media quoted the Armed Forces General Staff statement saying that "the United States and Israel will pay a very heavy price." Previously, Israel attacked Natanz, Iran's key nuclear enrichment facility.
Oil Prices Continue to Rise... Futures Surge Over 10%
After Israel's airstrike on Iran, Brent and WTI crude oil futures prices surged by over 10%.
Reuters: "Iran Plans Tough Response to Israel"
An Iranian security source told Reuters that "Iran is planning a tough response to Israel's attack".
ETH Spot ETF Sees $154.8 Million Net Inflow... 19 Consecutive Trading Days
On the 12th, the US Ethereum spot ETF saw a net inflow of $11.332 million ($154.8 million). BlackRock ETHA and Fidelity FETH saw net inflows of $10.249 million and $10.83 million respectively.
BTC Spot ETF Sees $118.3 Million Net Inflow... 4 Consecutive Trading Days
The US Bitcoin spot ETF saw a total net inflow of $86.79 million (about $118.3 million). BlackRock IBIT, Grayscale GBTC saw net inflows, while Fidelity FBTC and ARK Invest ARKB saw net outflows.
Consensys-Related Address Buys Additional $7.48 Million in ETH
An Ethereum infrastructure company Consensys-related address bought 2,825 ETH ($7.48 million) via OTC about 4 hours ago. In the past two weeks, they have purchased 160,736 ETH ($421 million).
US SEC Officially Scraps 'Gensler-Style' Cryptocurrency Custody and DeFi Regulation Proposal
The US SEC has officially scrapped the proposed strengthening of DeFi and custody regulations. This regulation was proposed during Gary Gensler's tenure as SEC chairman.
Global Family Offices Actively Pursuing Cryptocurrency Investments
According to BNY Wealth survey, 74% of family offices with assets over $1 billion have invested or are considering investing in cryptocurrencies.
US Senate to Hold Final Vote on Stablecoin Bill on 6/17
The US Senate is scheduled to hold a final vote on the GENIUS stablecoin regulation law on June 17th.
Sharplake Gaming Stock Drops 70% After Controversy Over Private Investment
Sharplake Gaming's stock dropped 70% in after-hours trading after raising $425 million in private investment for ETH strategic reserves.
18.8k SOL Unstaked from FTX/Alameda Staking Address
18.8k SOL ($31.5 million) was unstaked and distributed from the FTX/Alameda address. These funds are likely to be deposited on exchanges.
Double Blockchain Group Raises $11.2 Million for BTC Reserves
Double Blockchain Group successfully raised 9.7 million euros ($11.2 million) for strategic BTC reserves.
Global BTC Options Worth $2.962 Billion Expire Today
BTC options worth $2.962 billion will expire at 5 PM Korean time on June 13th. The max pain price is $107,000.
ETH Price Considered Severely Undervalued
Analysis suggests Ethereum is significantly undervalued. A report was released stating ETH could have a long-term value of $740,000 per coin.
K Bank Joins Open Blockchain and DID Association to Research Stablecoins
Internet-only bank K Bank has joined the Open Blockchain and DID Association and begun researching stablecoin technology and policies.
Infinity Ground Receives Investment from UFLY Labs
Infinity Ground received investment from UFLY Labs, a UX Link ecosystem fund. They are also planning expansion in East Asia centered on Korea.
Circle Partners with Fintech Company Matera
Circle has established a partnership with fintech company Matera to expand USDC-linked payment capabilities.
Japanese Remix Point Buys Additional 55.68 BTC
Japanese listed company Remix Point purchased an additional 55.68 BTC. Their current holdings are 981.39 BTC.
Tiger Research: "Web3 Founders Easily Become Single Point of Failure"
Tiger Research reported that statements or departures of Web3 founders can pose risks to entire projects.
GameStop Pursues $2.25 Billion Convertible Bond Issuance
GameStop is pursuing the issuance of $2.25 billion in convertible bonds. Recently, GameStop purchased 4,710 BTC.
Coinbase Adds S to Listing Roadmap
Coinbase announced the addition of Sonic (S) to its listing roadmap.
Altcoin Season Index at 25... Down 4 Points from Previous Day
The Altcoin Season Index dropped to 25, down 4 points from the previous day. Bitcoin's strong market continues.
Crypto 'Fear and Greed Index' at 61... Investor Sentiment Adjusting
The Fear and Greed Index recorded 61, down 10 points from the previous day. Still in the greed phase.
Upbit Temporarily Suspends IOTX Deposits and Withdrawals
Upbit will temporarily suspend IOTX deposits and withdrawals on June 18th at 6 PM due to a hard fork.
Kimchi Premium Reaches 2.0%
BTC Kimchi Premium reached 2.0%. Upbit price: 146,483,000 won, Binance price: 143,608,997 won.
24-Hour Cryptocurrency Perpetual Futures Forced Liquidation Scale
BTC Liquidation Amount: $458 million, Long Position Ratio 96.34%
ETH Liquidation Amount: $287 million, Long Position Ratio 86.35%
SOL Liquidation Amount: $51.05 million, Long Position Ratio 91.06%
Coinness Market Brief for June 13th
Bitcoin is trading at $105,671, down 2.76%. Top 3 Risers: KAIA (+3.23%), XAUt (+0.81%), PAXG (+0.79%).
BTC Falls Below $105,000
BTC falls below $105,000. Trading at $104,986.94 on Binance USDT market.
BTC below $104,000
BTC falls below $104,000. Trading at $103,971.43 on Binance USDT market.
BTC below $103,000
BTC falls below $103,000. Trading at $102,863.27 on Binance USDT market.
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