【Data Intelligence】
Curve surpasses $1 billion in daily transaction volume on Ethereum
Curve’s daily transaction volume on Ethereum exceeds $1 billion, and it charges about $400,000 in fees, which is roughly equal to the Bitcoin network fee income of the day.
In the past 24 hours, 11,883.4 BTC flowed into the exchange wallet
According to coinglass data, 11,883.4 BTCs flowed into the exchange wallet in the past 24 hours, 36,272.02 BTCs flowed out of the exchange wallet in the past 7 days, and 83,858.56 BTCs flowed out of the exchange wallet in the past 30 days.
【 Regulatory News 】
The probability of the Fed raising interest rates by 75 basis points in July is 92.1%
News on June 20, according to CME "Fed Watch", the probability of the Fed raising interest rates by 25 basis points in July is 0%, the probability of raising interest rates by 50 basis points is 7.9%, and the probability of raising interest rates by 75 basis points is 92.1%; The probability of cumulative interest rate hikes of 25 and 50 basis points by September is 0%, the probability of cumulative interest rate hikes of 100 basis points is 5.1%, the probability of cumulative interest rate hikes of 125 basis points is 62.6%, and the probability of cumulative interest rate hikes of 150 basis points was 32.2%.
【Industry Trends】
Yuga Labs Hires Key Member of Christie's NFT Team as CryptoPunks Brand Leader
Yuga Labs will hire Noah Davis, a key member of Christie’s NFT team, as the CryptoPunks project brand lead. Davis said, "If you are a CryptoPunk holder and you care about the future of the brand, I would like to talk one-on-one. I will be attending Punks Brunch during NFT NYC. Wherever Punks goes, the community will help guide us .” Davis was behind Beeple’s famous “The First 5,000 Days” NFT, which sold for $69 million at Christie’s in March 2021. He is also the head of the Howlerz NFT project, which he will continue to lead during his new role at YugaLabs.
Telegram: users have exceeded 700 million, and a version with "additional functions" is being launched for a fee
Telegram has more than 700 million monthly active users and is rolling out versions with "add-on features" for a fee as the instant messaging platform pushes to "monetize" some of its massive user base. The company didn't say how much it charges, but a monthly subscription appears to cost between $5 and $6.
Solend Proposal Passed, Solend Labs Can Temporarily Take Over Whale Accounts
According to news on June 19, the governance proposal initiated by Solend, the Solana ecological lending agreement, has been approved, with 1,155,431 (97.5%) votes in favor. The proposal supports the establishment of special margin requirements for giant whales that account for more than 20% of the total borrowings. If the user's borrowing exceeds 20% of all borrowings in the main pool, a special liquidation threshold of 35% is required; Solend Labs is granted emergency powers to temporarily take over the whales accounts so that liquidations can be performed over-the-counter, avoiding pushing Solana to its limits, which will be done through smart contract upgrades. Emergency powers will be withdrawn once the whale’s account reaches a safe level. According to previous news, Solend founder Rooter urged a giant whale (address starting with 3oSE) to repay the loan as soon as possible to avoid the risk of liquidation. Solend has temporarily disabled USDC, USDT, and SOL borrowing from its Main Pool.
Jay Chou will jointly launch PFP NFT Tiger Champs with Paris Saint-Germain Football Club
On June 20th, Jay Chou posted on Instagram the website of his PFP NFT project jointly with Paris Saint-Germain Football Club (PSG). The project is called Tiger Champs, with a total of 10,000. According to previous news, Jay Chou appeared in the NFT promotional video of the Paris Saint-Germain football team.
Celsius: Working with regulators to find a solution, withdrawals, exchanges and transfers will remain suspended
On June 20, according to the latest official Celsius news, the team said it would continue to work with regulators to find a solution. Withdrawal, exchange and transfer functions will remain suspended to stabilize liquidity and operations. Additionally, community engagement events such as AMAs will be suspended.
Tesla, MicroStrategy and Block have collectively lost nearly $2.5 billion in this bear market
According to the BTC holding data of Tesla, MicroStrategy and Block, these three companies have lost nearly US$2.5 billion in this round of bear market, of which: 1. Tesla holds 43,200 BTC (equivalent to 21 million in circulation) 0.206% of the total supply of Bitcoin) has fallen by more than 700 million U.S. dollars; 2. Microstrategy holds 129,218 BTC (about 0.615% of the total amount of Bitcoin in circulation), and the value has lost nearly 1.6 billion U.S. dollars; 3. Jack Dorsey Its payment company Block holds 8,027 BTC (about 0.038% of the total bitcoin in circulation) and has lost nearly $150 million in value. MicroStrategy CEO Michael Saylor previously revealed on social media that the company has a $205 million term loan and needs to maintain $410 million worth of collateral, but MicroStrategy has anticipated volatility and built its balance sheet to survive a bear market Keep HODLing.
【Elite Viewpoint】
SBF: Crisis impossible for transparent on-chain DeFi applications
FTX founder SBF responded on social media to "how to ensure that the Three Arrows crisis does not happen again", saying that the top priority is not to "ensure that no one goes bankrupt", but to keep institutional credit transparent to retail investors. SBF believes that regulation can help in this regard, and so can DeFi, because there is no possibility of a crisis for transparent on-chain DeFi applications. Rumors surfaced last week that Singapore-based crypto investment firm 3AC was insolvent after failing to meet margin calls from several lenders, including BlockFi and financial services firm Genesis, despite the news, the Financial Times reported. It hasn’t been fully confirmed, but several of 3AC’s large lenders, including cryptocurrency exchange BitMEX, are rumored to have begun liquidating their positions, while portfolio companies have begun to distance themselves.
Opinion: Bitcoin rebounds after 12-day losing streak, but sentiment remains 'very negative'
On June 20th, Bitcoin ended its 12-day losing streak and rebounded with other cryptocurrencies. Analysts warn, however, that the respite may be short-lived. The largest cryptocurrency rose as much as 12 percent earlier Sunday, recouping most of Saturday's losses. Bitcoin once fell to $17,599 per coin yesterday. The cryptocurrency market is known for wild swings, especially on the weekends, as volatility can be amplified. The overall tone remains negative, with macro headwinds from monetary tightening and a crisis within cryptocurrencies raising fears of mounting distress.
【What to watch today】
Iran to cut off electricity supply to all licensed crypto mining farms
On June 20th, according to Iranian state TV reports, Iran will cut off the power supply to all licensed encryption mines.
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