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This is why altcoin prices fell last week
This is why altcoin prices fell last week

Cryptodnes·2024/06/18 23:10
Meme Coin Frenzy Fuels Explosive Base DEX User Growth
Meme Coin Frenzy Fuels Explosive Base DEX User Growth

Coinbase-incubated Base is quickly catching Solana as meme coin trading hotspot.

Cryptopotato·2024/06/18 21:55
Ethereum ETF issuers working to address 'reasonable' comments from SEC by Friday: Sources
Ethereum ETF issuers working to address 'reasonable' comments from SEC by Friday: Sources

Prospective Ethereum ETF issuers are responding to the comments received from the SEC last week, according to two sources, and aim to hand them back in this week.The sources described the comments as “light” and “reasonable.”

The Block·2024/06/18 21:46
This meme stock bull cycle just isn’t like the other one
This meme stock bull cycle just isn’t like the other one

Share link:In this post: Roaring Kitty returned to social media and triggered a surge in GME. GameStop’s share price has risen over 100% in five weeks, allowing the company to raise $3 billion and boosting its valuation to $12.4 billion. Higher interest rates and changing investor focus toward stocks like Nvidia have tempered the meme stock mania this time.Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provi

Cryptopolitan·2024/06/18 20:43
Flash
10:15
New Stock Guru Serenity: JPMorgan Significantly Increases SIVE Holdings After Retail Investor Shakeout
On June 6, 'New Stock Guru' Serenity posted on platform X that after a significant number of retail investors were shaken out of their positions, JPMorgan Chase took the opportunity to substantially increase its holdings in Sivers. This increase primarily came from institutional funds, with JPMorgan's stake in Sivers rising rapidly from 0.4% last month to over 5% this month. Serenity added that it had been emphasizing the importance of Sivers (SIVE) to the Co-Packaged Optics (CPO) supply chain to retail investors and Swedish hedge funds, but the market had not fully appreciated this perspective.
08:37
WLD plummeted over 20% at one point, with a market capitalization dropping to $2.247 billion
BlockBeats News, June 6th, according to an exchange market data, WLD once fell by over 20%, currently trading at $0.4319, with a market cap of $2.247 billion. Arthur Hayes stated today that he has liquidated all his holdings of Worldcoin (WLD), diverging from his public commitment to holding WLD less than a day ago. Hayes views WLD as a liquidity proxy asset for AI-themed trading. He believes that as SpaceX puts more emphasis on AI and connectivity businesses, a strong performance at its listing will drive the entire AI and tech sector, with WLD serving as a substitute for retail investors who find it challenging to directly participate in SpaceX equity trading. However, SpaceX's stock has recently seen a significant drop in its pre-IPO price in the private market. Data indicates that the SpaceX pre-IPO price on Hyperliquid has fallen by over 50% in recent days, diminishing the appeal of AI concept trading and prompting Hayes to change his stance and exit WLD. Over the past month, WLD had defied the trend with an approximately 70% increase, but with the recent pullback, its one-month gain has narrowed to around 45%.
08:21
If Bitcoin surpasses $63,000, the mainstream CEX's total short liquidation amount will reach $1.513 billion.
BlockBeats News, June 6th, according to Coinglass data, if Bitcoin breaks through $63,000, the cumulative short liquidation intensity of mainstream CEXs will reach $1.513 billion. Conversely, if Bitcoin falls below $59,000, the cumulative long liquidation intensity of mainstream CEXs will reach $989 million. BlockBeats Note: The liquidation chart does not show the exact number of contracts to be liquidated or the exact value of the liquidated contracts. The bars on the liquidation chart actually represent the importance of each liquidation cluster relative to neighboring liquidation clusters, that is, the intensity. Therefore, the liquidation chart shows to what extent the price of the underlying asset will be affected when it reaches a certain level. A higher "liquidation bar" indicates that the price will have a more intense reaction due to a liquidity cascade.
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