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Bitcoin price slides below $63,000, triggering a spike in long liquidations
Bitcoin price slides below $63,000, triggering a spike in long liquidations

Bitcoin long liquidations reached nearly $48 million in the past 24 hours as the price fell below $63,000.The broader crypto market saw over $161 million in liquidations, with around $153 million in long positions.Bitcoin is currently trading at its monthly low of $62,270, 15% below its all-time high reached on March 14.

The Block·2024/06/24 07:32
Bitget Futures Market Updat
Bitget Futures Market Updat

Bitget·2024/06/24 06:08
South Korean think tank says spot crypto ETFs do more harm than good for local economy
South Korean think tank says spot crypto ETFs do more harm than good for local economy

The Korea Institute of Finance’s latest report on spot crypto ETFs said such types of funds may weaken the local economy.South Korean regulators currently prevent local issuers from launching crypto ETFs.

The Block·2024/06/24 05:22
Light Protocol and Helius Labs introduce 'ZK Compression' to further scale Solana apps
Light Protocol and Helius Labs introduce 'ZK Compression' to further scale Solana apps

Quick Take Light Protocol and Helius Labs have introduced “ZK Compression” to further scale applications on the Solana network. ZK Compression utilizes state compression to store data in Solana’s cheaper ledger space instead of the more expensive account space.

The Block·2024/06/24 05:10
Ripple v. SEC Lawsuit Update June 24
Ripple v. SEC Lawsuit Update June 24

Here’s what you need to know about Ripple’s legal woes as of June 24th.

Cryptopotato·2024/06/24 04:40
Bitcoin Double Top? Is It Time to Panic? How Low Prices Could Plunge?
Bitcoin Double Top? Is It Time to Panic? How Low Prices Could Plunge?

Institutional Crypto Research Written by Experts

10xResearch·2024/06/24 02:38
Flash
15:57
No surprise, the "Buddy" account was partially settled again half an hour ago, with the account now holding only $15,000
BlockBeats News, June 5th, according to Hyperinsight monitoring, despite tonight, the "buddy" had actively reduced leverage to avoid liquidation, unfortunately, the liquidation price was too close to the market price, and its Ethereum long position was partially liquidated again half an hour ago. In addition, the "buddy" also transferred $12,500 to Hyperliquid an hour ago, with the collateral value of the long position now only $15,287.62, holding 352 ETH in the long position.
15:41
Bitwise CIO: US Stocks, Crypto Down in Tandem Possibly Due to Mega IPO
BlockBeats News, June 5th, Bitwise CIO Matt Hougan stated in a post that despite strong job data, both the US stock market and cryptocurrency experienced a sharp pullback today. This is because the market is concerned that the upcoming mega IPOs (such as SpaceX, Anthropic) could drain liquidity and serve as a short-term top signal for the tech rally.
15:30
Nasdaq Declines by 2%, Nvidia Shares Drop by 4%
On June 5, U.S. stocks extended their losses, with the Dow Jones Industrial Average down 0.27%, the S&P 500 down 1.08%, and the Nasdaq Composite down 2.02%. Among popular stocks, Nvidia shares fell by 4.01%, TSMC shares dropped by 3.98%, Broadcom shares decreased by 4.67%, Micron Technology shares fell by 5.92%, Advanced Micro Devices shares dropped by 6.45%, ASML shares declined by 3.67%, Intel shares fell by 6.28%, ARM shares decreased by 8.24%, and Tesla shares dropped by 3.61%.
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