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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
19:10
According to the latest data released by the Investment Company Institute, the total size of money market funds in the United States has surged to $7.919 trillion, setting a new all-time high.
These types of funds, characterized by strong liquidity and relatively low risk, have recently become a preferred allocation choice for many market participants. The continuous growth in their scale also reflects, to some extent, that investors' risk appetite and asset allocation preferences have experienced corresponding changes under the current market environment.
19:05
The trading volume of Solana tokenized stocks reached $116 million yesterday.
Solana saw its tokenized stock trading volume reach 116 million USD yesterday, accounting for 94% of the total across all networks. (Cointelegraph)
19:04
According to USDA statistics, as of June 1, the number of cattle on feed in the United States reached 102.0% of the same period last year, while the market’s previous consensus expectation was 102.5%.
This actual data is slightly lower than the market's previous expectations and may subsequently have a certain impact on the outlook for U.S. beef cattle supply as well as future trends in market trade.
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