TokenPost
Hello. This is the TokenPost podcast. On the way home from work, we'll summarize the main trends and notable news of the cryptocurrency market on June 13, 2025. Looking at today, there seems to be an overall adjustment atmosphere, but there are still some interesting points within that.
Host
Yes, that's right. Today, the market couldn't avoid the downward trend. Major cryptocurrencies and most altcoins were experiencing downward pressure. On days like this, we should look at the bigger picture.
TokenPost
Yes, that's right. Let's quickly go over the market prices. BTC has dropped about 3% from yesterday. It's moving around $104,000, which is approximately 143 million won. Still, it seems to have fallen less compared to other coins.
Host
Yes, BTC is relatively better. Looking at Ethereum, the decline is much larger. ETH has fallen by more than 8.5%, dropping to around 2,500, which is about 3.4 million won.
TokenPost
8.5% is significant. Ripple and Solana have also fallen a lot.
Host
Yes, XRP has dropped nearly 6%, and Solana has fallen even more, dropping over 9%. Most other altcoins like BNB, Dogecoin, and Cardano followed a similar trend. Only TRON managed to hold up somewhat.
TokenPost
I see. The market seems to be taking a breather, but what stands out in this situation is Bitcoin's market dominance. While the total market cap has decreased, Bitcoin's dominance has slightly increased to 63.93%, while Ethereum's has decreased. How should we interpret this?
Host
Ah, this is a typical phenomenon. When the market is unstable or volatile, investors tend to move funds to Bitcoin, which they consider relatively safer. That's why Bitcoin's decline is smaller, and its market dominance is rising. This is an indicator to consider when reviewing your portfolio.
TokenPost
I understand. We can see this as funds moving to Bitcoin temporarily due to the volatility of altcoins. Now, amid this market pause, a surprising piece of news has come in. The Telegram-based illegal market Huobi, which was previously thought to be closed due to US Treasury sanctions, is still reportedly operating.
Host
Yes, that's right. This is an analysis by Chainalysis, and it's quite significant. The US government clearly designated it as a high-risk money laundering organization and ordered the blocking of its website and Telegram channels, yet it continues to process transactions worth billions of dollars and remains very active.
TokenPost
Wow, billions of dollars? How is it possible to continue operating despite sanctions?
Host
Exactly. This raises fundamental questions about the effectiveness of regulations.
TokenPost
It seems that simply blocking websites or closing channels is not enough to stop such operations.
Host
Precisely. These platforms typically use various technical methods to circumvent sanctions. They might continuously move infrastructure or use channels that are difficult to monitor. This is a perfect example of how challenging it is to regulate cryptocurrencies, especially decentralized technologies.
TokenPost
I see. Since we're discussing regulations, let's briefly touch on other related news. The acting CFTC chairman has stated that there will be no cryptocurrency regulation relaxation, contrary to political atmosphere, and they will focus on cracking down on illegal activities.
Host
Regulatory authorities continue to maintain a tough stance. Meanwhile, a non-profit organization Better Market has criticized the SEC for pushing policies without transparency. Also, My Big Coin Pay Inc., which fraudulently raised investment funds by claiming to be a gold-based cryptocurrency, has received a significant fine and compensation ruling. The tug-of-war around regulations continues.
TokenPost
Regulatory uncertainty remains, but the market continues to move in its own way. CoinCoin exchange has received an official license in Thailand and started local services, and a UK-listed company has additionally purchased Bitcoin.
Host
That's right. In terms of short-term investment sentiment, the long-short ratio on futures exchanges is an indicator. Currently, based on the top 3 futures exchanges, short positions betting on a decline are around 52%, slightly more than long positions expecting a rise. This can be interpreted as a signal that investors are more prepared for a potential correction in the short term.
TokenPost
Yes, short-term sentiment is looking slightly downward. And lastly, geopolitical variables continue to remain, such as tensions between Iran and Israel, which will continue to be a factor in market volatility.
Host
Yes, that's right. Summarizing today's market, we saw a complex interplay of an overall adjustment atmosphere, the practical challenges of regulation, continued institutional interest, and investors' cautious sentiment.
TokenPost
Looking at the Huione case today, I feel that there is definitely a gap between the regulatory authorities' announcements and the actual market movements.
Host
That's right. Especially, the existence of platforms that continue to operate despite sanctions clearly shows that regulations cannot keep up with the speed of technological development. We need to continue to observe how these types of shadow financial systems, or gray areas, will evolve and what impact they will have on our investment environment.
TokenPost
This was the TokenPost podcast.
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