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06:33
Japanese and South Korean Stock Markets Experience Sharp Decline
BlockBeats News, June 5th, according to Bitget market data, the Nikkei 225 Index closed down 882.57 points on June 5th (Friday), a decrease of 1.31%, to 66,588.12 points. The South Korean KOSPI Index closed down 478.82 points on June 5th (Friday), a decrease of 5.54%, to 8,160.59 points.
06:31
ZEC falls below $350, dropping over 40% since the ZEC vulnerability disclosure
According to Jinse Finance, market data shows that ZEC has fallen below $350, currently reported at $345. Since Shielded Labs disclosed a critical vulnerability in the Orchard pool that allows unlimited ZEC issuance, ZEC has dropped 40%.
06:31
Data: As the cryptocurrency market downturn intensifies, Bitcoin reserve companies' market capitalization evaporates by $62 billion
Jinse Finance reported that on June 5, Bitcoin prices have declined this week, putting new pressure on one of the most ambitious financial experiments in recent years' cryptocurrency boom—publicly listed companies established specifically to hold and accumulate digital assets for investors. As the overall market continues to weaken, shares of dozens of Digital Asset Treasury Companies are also continuing to fall, in many cases experiencing greater declines than the cryptocurrencies they hold. According to Artemis data, the fully diluted market value of Bitcoin treasury company stocks has fallen from nearly 134 billion USD at the early-October peak to around 72 billion USD, evaporating approximately 62 billion USD in total. This data highlights that the once-hot investment narrative of "Bitcoin treasury companies" continues to cool down.
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