Forced liquidation of $104 million in futures positions in the past hour
Major exchanges saw $104 million in futures positions forcibly liquidated in the past hour.
In the past 24 hours, $433 million in futures positions were forcibly liquidated.
JP Morgan to pilot Deposit Token on blockchain connected with Coinbase
AggrNews reported that JP Morgan plans to pilot a Deposit Token on a blockchain connected with Coinbase.
UK institutional investors prepare to invest in cryptocurrency ETP
According to Decrypt, UK institutional investors are preparing to invest their personal client funds in cryptocurrency Exchange Traded Products (ETP). Doville Silenskaite, Research Director at asset management firm Wisdom Tree, explained, "The UK Financial Conduct Authority (FCA) is reviewing whether to allow personal investors to access cryptocurrency ETPs. If the FCA permits this, institutional investors managing personal client funds will begin full-scale investment within weeks."
Spanish major bank BBVA "Advises high-net-worth clients to allocate 7% of portfolio to cryptocurrency"
Reuters reported that Spanish major bank BBVA is advising high-net-worth clients to allocate up to 7% of their portfolio to cryptocurrency. BBVA stated, "Since September last year, we have been advising clients to allocate 3-7% of their portfolio to cryptocurrency based on risk tolerance. We primarily recommend investing in BTC and ETH, and plan to expand to other cryptocurrencies by the end of this year."
NASDAQ-listed pharmaceutical company "Plans $50 million investment in HYPE"
Nasdaq-listed pharmaceutical company Eyenovia announced plans to invest $50 million for strategic reserves of Hyperliquid (HYPE).
Uniswap reviews fee distribution policy
DL News reported that the Uniswap (UNI) Foundation is again discussing a previously withdrawn fee distribution policy proposal. According to Uniswap DAO Accountability Committee member Abdullah Umar, the proposal could be put to a new vote as early as mid-summer. If the proposal passes, UNI token holders will receive a portion of transaction fees. Crypto VC Paradigm's General Partner Dan Robinson previously claimed that a specific large VC pressured the Uniswap Foundation to withdraw the proposal's vote.
200,000,000 XRP transferred... Ripple → Anonymous
According to Whale Alert, 200,000,000 XRP was transferred from a Ripple address to an anonymous address. The value is approximately $440 million.
Coinbase International lists perpetual futures for HOME and SPK
Coinbase International Exchange, Coinbase's (COIN) cryptocurrency derivatives exchange, announced the listing of perpetual futures for HOME and SPK on the 19th at 6:30 PM Korean time.
StarkWare announces validator delegation program
StarkWare, the developer of zk rollup-based Ethereum Layer 2 network StarkNet (STRK), announced the launch of a validator delegation program. The program is designed to encourage small-scale validator network contributions and provide STRK token rewards. The program aims to expand staking pools, promote new validator participation, and decentralize the network.
Analysis: "Geopolitical conflicts favorable for BTC in long term"
Amid escalating conflicts between Israel and Iran, an analysis suggests that geopolitical tensions could create a favorable environment for Bitcoin in the long term. According to Cointelegraph, Mitil Takore, co-founder of Bitcoin-based DeFi project Velar, explained, "Geopolitical conflicts potentially increase global inflation long-term. This can be linked to expanded fiscal spending, monetary easing, supply chain disruptions, and sharp increases in commodity prices, which could work favorably for Bitcoin."
Analysis: "BTC calm compared to past correction periods, significant volatility imminent"
An analysis suggests that while BTC remains calm despite geopolitical pressures, significant volatility may occur soon. According to Cointelegraph, an anonymous crypto analyst Skew stated, "BTC traders are showing more restraint in recent corrections. BTC has corrected by about 3%, but the market hasn't panicked. Unlike past 5% downturns with aggressive short-selling and increased volatility, this correction shows different dynamics. While no major movements have occurred, volatility may expand soon."
NYT: "Iran prepares missiles to attack US military bases if US intervenes in war"
Walter Bloomberg, citing the New York Times (NYT), reported that Iran has prepared missiles and military equipment to attack US military bases if the US intervenes in war. Previously, CNN reported that former US President Donald Trump is increasingly leaning towards attacking Iran's nuclear facilities rather than seeking diplomatic solutions, considering bunker busters and stealth bomber support.
Trump: "Iran must surrender unconditionally"
According to foreign media, former US President Donald Trump urged Iran to "surrender unconditionally". He also stated, "I know exactly where Iran's supreme leader is hiding. I will not eliminate him right now. I hope Iranian missiles do not target civilians or US military. Our patience is running thin."
Trump "Completely Dominating Iran's Airspace"
According to foreign media, U.S. President Donald Trump said, "We are now completely controlling Iran's airspace. Iran has excellent aerial tracking systems and other defense equipment, and while they have many of them, they do not match the U.S. level. There is no country better than the United States."
U.S. Vice President "Trump Might Take Additional Measures on Iran's Nuclear Plan"
According to foreign media, U.S. Vice President JD Vance stated that "President Donald Trump may take additional measures regarding Iran's nuclear plan".
U.S. Stock Market's Three Major Indices Close Lower
The U.S. stock market's three major indices closed lower.
S&P500: -0.84%
Nasdaq: -0.91%
Dow: -0.7%
BTC Surpasses $105,000
According to Coinness market monitoring, BTC has surpassed $105,000. Based on the Binance USDT market, BTC is trading at $105,008.67.
BTC Falls Below $104,000
According to Coinness market monitoring, BTC has fallen below $104,000. Based on the Binance USDT market, BTC is trading at $103,926.86.
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