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Only 72.5% of Ethereum (ETH) is available after staking growth
Only 72.5% of Ethereum (ETH) is available after staking growth

Share link:In this post: Less ETH tokens are freely available, with more offers of staking limiting the supply. ETH is deflationary, leading to a flat supply of 120M tokens. More entities are offering staking services for smaller investors lack the full 32 ETH stake to build a validator node.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/o

Cryptopolitan·2024/06/17 22:34
SEC’s top crypto enforcer announces his resignation
SEC’s top crypto enforcer announces his resignation

Share link:In this post: David Hirsch, head of the SEC’s crypto asset enforcement division, has resigned after nearly 10 years. Rumors of Hirsch joining memecoin platform Pump.fun was quickly debunked by him. His departure comes as the SEC continues to tackle high-profile crypto cases and enforce compliance across the industry.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

Cryptopolitan·2024/06/17 22:34
US SEC pushes back against Ripple's efforts to lower its fines saying the firm 'is agreeing to nothing'
US SEC pushes back against Ripple's efforts to lower its fines saying the firm 'is agreeing to nothing'

“Ripple is agreeing to nothing,” the SEC said in its response to Ripple’s push for lower fines. Ripple, which has been in a legal battle with the SEC since 2020, compared the regulator’s proposed $2 billion fine for selling XRP to institutional investors to a settlement between Terraform Labs and the regulator.

The Block·2024/06/17 21:01
Bitcoin FOMC watch – Investors pull $600m from the crypto market
Bitcoin FOMC watch – Investors pull $600m from the crypto market

Share link:In this post: A “more hawkish-than-expected” FOMC meeting has sparked $600 million in weekly crypto product outflows, the highest since March. American markets saw most of the outflows, totaling $565 million. The global crypto market cap stands at $2.51 trillion, having tanked by 2% in the last 24 hours.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 ind

Cryptopolitan·2024/06/17 20:22
Tether launches its own gold-backed synthetic dollar
Tether launches its own gold-backed synthetic dollar

Share link:In this post: Tether has launched Alloy by Tether, a new asset backed by Tether Gold, combining gold’s reliability with a stable digital currency. Alloy by Tether features aUSD₮, a digital currency pegged to the US dollar, over-collateralized by physical gold stored in Switzerland. Users can mint aUSD₮ by depositing Tether Gold as collateral, managed through transparent Ethereum-compatible smart contracts.Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liab

Cryptopolitan·2024/06/17 20:22
ZK Community claims over 45% of airdropped ZK Tokens in a few hours
ZK Community claims over 45% of airdropped ZK Tokens in a few hours

Share link:In this post: zkSync’s anticipated ZK token airdrop coincides with the Binance listing, influencing the token’s price. A few hours after the airdrop, over 45% of the ZK tokens had already been claimed. ZK tokens price declined immediately after listing on Binance and other crypto exchanges.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 resea

Cryptopolitan·2024/06/17 18:13
Flash
11:48
FT Experiences Minimal Liquidation During Major Market Correction
On June 6, Sonic co-founder Andre Cronje stated that during the first significant market correction experienced by the derivatives platform FT (FlyingTulip), the equity account lending model resulted in only about $50,000 in liquidation. This is significantly lower than traditional loan-to-value (LTV) models due to the use of net risk calculations instead of discounted collateral models, along with the effectiveness of a soft liquidation mechanism, which resulted in an average liquidation amount of only $200 to $2,000 per transaction. Andre Cronje noted that if a traditional LTV-based lending system had been used, the liquidation scale during this market volatility could have increased by 10 to 20 times. He emphasized that the equity account model enables net risk management and reduces market impact through the soft liquidation mechanism, leading to a safer, lower volatility, and reduced discount loss lending experience.
10:58
Analysis: On-chain data did not show large-scale selling by investors of cryptocurrency assets to participate in the SpaceX IPO
BlockBeats News, June 6th, despite market speculation that some retail investors may sell Bitcoin to participate in SpaceX's record-breaking $75 billion IPO, stablecoin flows and on-chain data show that there is currently no sign of large-scale fund outflows from the crypto market. The SpaceX IPO is valued at approximately $1.8 trillion, with up to 30% of the shares allocated to retail investors through platforms such as an exchange, significantly higher than the typical 10% allocation to individual investors in traditional IPOs. Following the start of the roadshow, the demand for subscriptions has exceeded the issuance size. Data shows that the outflows of USDT and USDC remain within normal ranges since February, with no signs of abnormal redemptions or supply contraction. On the contrary, on June 6th, around 66,470 BTC and 2.49 million ETH were net outflows from exchanges, indicating that more investors are moving assets to private wallets, showing a buy-the-dip signal rather than a mass cash-out. However, on-chain data cannot reflect the trading activity of users within platforms such as an exchange, so it is still necessary to wait for relevant brokerages to release data to determine if any crypto investors have sold assets to subscribe to SpaceX shares. The most significant outflows of funds currently come from spot ETFs. Data shows that as of June 3rd, the US Bitcoin spot ETF has seen net outflows for 13 consecutive trading days, totaling around $4.4 billion in redemptions; the Ethereum spot ETF has experienced fund outflows for 17 consecutive trading days before returning to a slight net inflow. According to the plan, SpaceX is set to complete pricing on June 11th and will debut on the Nasdaq on June 12th under the stock ticker symbol SPCX.
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.
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