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UK crypto ETNs see low trading volumes; retail access would be a 'game changer,' says 21Shares
UK crypto ETNs see low trading volumes; retail access would be a 'game changer,' says 21Shares

Since launching on May 28, crypto ETNs have had a slow start to trading in the UK, generating around $500,000 in total volume.With the bitcoin and ether products currently available only to professional investors, opening them up to the retail market would be a “game changer,” according to 21Shares.

The Block·2024/06/10 13:13
Top 4 Altcoins to Watch Next Week
Top 4 Altcoins to Watch Next Week

Cryptodnes·2024/06/10 10:49
Spot Ethereum ETFs could capture up to 20% of Bitcoin ETF flows, analyst predicts
Spot Ethereum ETFs could capture up to 20% of Bitcoin ETF flows, analyst predicts

Ethereum spot exchange-traded funds (ETFs) could capture between 10-20% of the flows currently directed towards bitcoin ETFs, Bitfinex head of derivatives said.

The Block·2024/06/10 10:07
Crypto investment products saw $2 billion in inflows last week amid rate cut anticipation: CoinShares
Crypto investment products saw $2 billion in inflows last week amid rate cut anticipation: CoinShares

Global digital asset investment products saw net inflows for the fifth consecutive week, adding $2 billion.

The Block·2024/06/10 09:49
Three Things That Could Rattle Crypto Markets This Week
Three Things That Could Rattle Crypto Markets This Week

A busy week lies ahead on the United States economic calendar and a key Federal Reserve interest rate decision could rattle crypto markets.

Cryptopotato·2024/06/10 07:55
Meme Coin Madness Continues, Bitcoin Price Corrects, and Much More: Bits Recap June 10
Meme Coin Madness Continues, Bitcoin Price Corrects, and Much More: Bits Recap June 10

BTC consolidated at around $69,500 after severe turbulence, while BRETT is up a whopping 400% on a monthly scale.

Cryptopotato·2024/06/10 07:55
Flash
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.
08:11
NVIDIA Launches First Personal Laptops Designed for AI Agents
On June 6, NVIDIA announced the release of its first personal laptops specifically designed to run AI 'agents', collaborating with manufacturers such as Dell, Lenovo, and HP to produce these laptops.
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