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Bitcoin falls below key support level, potentially triggering 8%-12% correction: CryptoQuant
Bitcoin falls below key support level, potentially triggering 8%-12% correction: CryptoQuant

Bitcoin has fallen through a key price support that could signal an 8%-12% correction, potentially leading the price to decline towards $60,000, CryptoQuant analysts said.Traders closing their basis arbitrage trades have led to a significant decline in futures market activity and increased downside pressure for bitcoin, an analyst added.

The Block·2024/06/18 15:31
TRON 2023: Key developments and collaborative milestones
TRON 2023: Key developments and collaborative milestones

Strategic collaborations have been at the forefront of TRON’s achievements

Blockworks·2024/06/18 15:23
Global Ethereum ETPs outperform Bitcoin counterparts ahead of anticipated ETF launch in US
Global Ethereum ETPs outperform Bitcoin counterparts ahead of anticipated ETF launch in US

Ethereum ETPs have been outperforming their Bitcoin counterparts over the past week as anticipation builds ahead of potential spot Ethereum ETF launches in July.Bitwise CIO Matt Hougan outlined three reasons investors may want to add spot Ethereum ETFs to their portfolio upon launch and another to remain Bitcoin-only.

The Block·2024/06/18 15:13
Flash
23:35
Overview of Important Overnight Developments on June 21
21:00-7:00 Key Words: Vance, Iran, Israel, Strait of Hormuz1. The Iranian military has announced the closure of the Strait of Hormuz;2. Israeli Prime Minister Netanyahu has ordered a ceasefire in Lebanon;3. Vance: Negotiations are progressing smoothly and will head to Switzerland in the coming days;4. Sources: The speaker of Iraq's National Parliament's residence was attacked by a drone;5. Tom Lee responded to the potential funding crisis facing Ethereum: the probability is zero;6. Tether co-founder: Stablecoins will enter the 2.0 era, and in the future, users should share in reserve earnings;7. US SEC Commissioner Hester Peirce discussed perpetual contracts and prediction market regulation: emphasized the principles of self-custody and financial privacy.
23:08
According to market sources, due to private equity firms' acquisition offers failing to meet the expected valuation of 2 billion dollars, Coca-Cola has officially shelved the plan to sell Costa Coffee.
After abandoning the sale plan, this beverage giant is now focusing on organizational restructuring and operational optimization to enhance the profitability of Costa Coffee’s omnichannel business. All bids from prospective buyers failed to meet Coca-Cola’s valuation target; as a result, the company halted the sale of Costa Coffee. In 2018, Coca-Cola acquired this coffee chain brand for more than 5 billion US dollars. Coca-Cola has decided to abandon the sale proposal and instead integrate Costa’s various operations, cancel its “Global Ventures” division, and directly assign Costa to regional management, with a priority on upgrading business in the European and Chinese markets. This restructuring aims to address multiple industry challenges, including continuously rising costs, fluctuations in coffee bean prices, and changes in consumer habits.
22:19
MEV bot JaredFromSubway suspected of being hacked for $7.5 million in assets
The MEV bot JaredFromSubway has reportedly been hacked for approximately $7.5 million in assets, including 1,474.58 WETH, 2.87 million USDC, and 2 million USDT. The attacker has exchanged the funds for 4,400 ETH and deposited 1,000 ETH into Tornado Cash. (PeckShield)
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