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Punks sink into 20 ETH price zone: Are NFTs dead?
Punks sink into 20 ETH price zone: Are NFTs dead?

Share link:In this post: Big collections saw a crash in their floor price. Some collections still rely on irrational loyalty and holding the NFT as an exclusive club card. NFTs are here to stay, employed by meme token projects, Web3 games and marketers.Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professi

Cryptopolitan·2024/06/18 20:43
Tether’s ‘Genius Idea:’ Launching aUSDT, a Gold-Backed Stablecoin with Higher Profit Potential
Tether’s ‘Genius Idea:’ Launching aUSDT, a Gold-Backed Stablecoin with Higher Profit Potential

Stablecoin issuer Tether has announced a new product in the form of an over-collateralized stablecoin backed by gold.

Cryptopotato·2024/06/18 20:10
Flash
02:21
Greece Plans to Tax Cryptocurrency Gains for the First Time
On June 6, Greece is preparing to impose taxes on cryptocurrency gains for the first time, with the relevant tax proposal expected to be included in a comprehensive tax bill later this year.
02:13
An OTC Whale has once again purchased 29,000 ETH from FalconX, equivalent to $46.69 million.
BlockBeats News, June 6th, according to Onchain Lens monitoring, a certain OTC whale (0xFB7) once again purchased 29,000 ETH from FalconX, worth approximately $46.69 million.Currently, the whale holds 151,588 wsETH, equivalent to around 187,460 ETH ($2.9619 billion).
01:59
A whale borrowed 100 million USDT to leverage its ETH position, and is currently experiencing an unrealized loss of approximately $6 million.
BlockBeats News, June 6th, according to on-chain analyst Welson, during the ETH downturn, a certain whale continued to accumulate and leveraged to buy more ETH through Aave. Since yesterday, the whale has borrowed a total of 100 million USDT from Aave and purchased 59,742 ETH, with an average purchase price of around $1,681. Based on the current price, this position is currently at a loss of approximately $6 million.Currently, the whale holds a total of 133,800 ETH, valued at around $212 million. The liquidation prices for its two leveraged positions are $1,356 and $1,170, respectively. If ETH continues to drop, these leveraged positions will still face liquidation risks.
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