Cetus restarts today Deutsche Bank considers issuing its own crypto stablecoin

Headline

▌Cetus announced that it will restart at 9:00 today, and the liquidity pool recovery rate is between 85% and 99%

On June 8, the Sui ecological liquidity platform Cetus officially announced that it will restart at 9:00 UTC+8 today. Users will be able to access all the functions of Cetus, including trading, managing liquidity positions, adding/removing liquidity, and claiming fees and rewards. The liquidity recovery rate of the affected pool is between 85% and 99%. Cetus will allocate 15% of the token supply for compensation contracts, of which 5% will be available immediately upon restart, and 10% will be unlocked linearly within 12 months from June 10, 2025. The Cetus team said it has invested all available cash reserves of about $7 million and obtained a loan of 30 million USDC from the Sui Foundation to support the recovery. At the same time, the team is taking legal action in multiple jurisdictions to recover the remaining stolen funds.

▌Deutsche Bank Considers Issuing Its Own Crypto Stablecoin

According to @WatcherGuru, Deutsche Bank is considering issuing its own crypto stablecoin.

According to Reuters, the cryptocurrency trading platform Gemini secretly applied for an IPO in the United States. As previously reported, on March 8, according to Bloomberg, people familiar with the matter revealed that the crypto trading platform Gemini has secretly submitted an IPO application in the United States and is working with Goldman Sachs and Citigroup. Whether the IPO will be carried out in the end is still undetermined. This move occurred after the U.S. Securities and Exchange Commission (SEC) terminated its investigation into Gemini and took no action. In addition, Gemini also reached a $5 million settlement with the U.S. Commodity Futures Trading Commission (CFTC) in January this year.

Market

As of press time, according to CoinGecko data:

BTC price is $105,575, up or down +1.1% in 24 hours;

ETH price is $2,515.45, up or down +1.7% in 24 hours;
BNB price is $649.66, up or down +0.8%；
SOL price is 149.98 US dollars, 24 hours up and down +1.3%；
DOGE price is 0.184 US dollars, 24 hours up and down +2.2%；
XRP price is 2.17 US dollars, 24 hours up and down +0.3%。

Policy

▌Bloomberg Analyst: There is a high probability that the Meme Coin ETF will be launched at some point in the future

Eric Balchunas, senior ETF analyst at Bloomberg, wrote on the X platform that there is a high probability that an actively traded Meme Coin ETF will appear at some point in the future. First, the market will usher in a large number of active cryptocurrency ETFs (expected in winter 2025), but the active Meme Coin ETF may not appear until 2026, and may also give birth to the next star fund management company.

▌BiT Global abandons legal dispute with Coinbase over wBTC

BiT Global's lawyers have withdrawn their lawsuit against Coinbase, which involved Coinbase's delisting of the wrapped Bitcoin token wBTC just two months after launching a competing token cbBTC. Under the agreement, the two companies will pay their respective legal fees. BiT Global, a company backed by TRON founder Justin Sun, had been a "strategic partner" with BitGo to provide wBTC wrapped Bitcoin tokens. The lawsuit was dismissed, meaning it will no longer be filed.

Blockchain Applications

▌Health Tech Company Cudis Launches Solana Token to Incentivize Users to Live Healthy

Wearable device developer Cudis has launched a token based on Solana and BNB Chain to reward users for developing healthy habits through its AI smart ring and longevity app. Users earn Cudis points by using the app to track sleep, steps, and other vital signs, which qualifies them for Cudis token airdrops based on usage and total points.

▌Plume Ecosystem RWA Liquidity Core Facility Rooster Protocol Mainnet Launch

Plume's core RWA decentralized trading platform Rooster Protocol has now been officially deployed to the Plume mainnet. The protocol aims to provide core infrastructure for the liquidity of Plume ecosystem RWA assets. Rooster Protocol innovatively integrates Maverick Protocol's automated market maker (AMM) technology to build a highly composable, DeFi native framework for RWA assets. Its core goal is to significantly increase the liquidity depth of RWA assets and efficiently bridge the full potential of traditional finance (TradFi) and RWA financialization (RWAFi). At present, Rooster Protocol has achieved extensive ecological integration: • Asset side: Supports more than 20 RWA tokens including Nest's nALPHA and music copyright RECORD. • Lending platform: Integrate Plume ecosystem native lending protocols, including Solera and Mystic. • Cross-chain interoperability: Seamlessly connect leading cross-chain solutions such as Debridge, Enso, and Rhino.fi. • Top DeFi applications: Attract well-known DeFi projects such as Origin Protocol and Midas to join, and deploy their RWAFi strategy in the Plume ecosystem through Rooster. This launch marks a strategic step for the Plume ecosystem in building institutional-level RWA liquidity and promoting large-scale application of RWAFi.

Cryptocurrency

▌Today's on-chain capital flow: Base net inflow of 7.6 million US dollars, Polygon PoS net outflow of 10.7 million US dollars

According to Artemis data, today Base net inflow of 7.6 million US dollars, Ethereum net inflow of 3.9 million US dollars; Polygon PoS net outflow of 10.7 million US dollars, Unichain net outflow of 3.1 million US dollars.

▌"Jun Ji-hyun's husband lost about 15 billion in cryptocurrency trading" became a hot search on Weibo

"Jun Ji-hyun's husband lost 15 billion in cryptocurrency trading" became a hot search on Weibo. According to Korean media reports, Alpha Asset Management, where Choi Joon-hyuk, the husband of Korean actress Jeon Ji-hyun, serves as CEO, has invested heavily in Wemade stocks, totaling 35 billion won. As of June 2, the stock price has fallen sharply, with a book loss of about 15.8 billion won (about 11.66 million US dollars). Coinbase Bitcoin Premium Index is temporarily reported at 0.0664% According to Coinglass data, the Coinbase Bitcoin Premium Index is temporarily reported at 0.0664%. It is reported that the Coinbase Bitcoin Premium Index is an indicator that measures the percentage difference between the Bitcoin price on Coinbase Pro (US dollar pair) and the price on Binance (USDT trading pair). Coinbase is a popular cryptocurrency exchange among US investors (especially large institutions), while Binance has a larger global user base. This means that the difference between BTC prices on the two platforms can hint whether US investors are exerting greater buying pressure on the market than global investors.

▌After being silent for 3 months, a certain address used 340 BNB to purchase 1.19 million BULLA tokens

According to lookonchain monitoring, after being silent for 3 months, the wallet address "0xfa64" withdrew 340 BNB (about 218,000 US dollars) from the trading platform to purchase 1.19 million BULLA tokens.

▌Tether CEO: If the listed company's market value will reach 515 billion US dollars, the goal is to become a large hedging tool for unstable situations

Tether CEO Paolo Ardoino retweeted on the X platform that if Tether goes public, the company's market value will reach 515 billion US dollars, becoming the 19th largest company in the world, surpassing Costco and Coca-Cola. Although the numbers are beautiful, considering the current Bitcoin + gold reserves (still increasing), it may be a bit pessimistic, but Tether hopes to remain humble and is very excited about the company's next stage of development. Tether's goal is to be a large hedging tool for social instability, so the company's ERP (equity risk premium) is negative. Paolo Ardoino added that Tether is not just a stablecoin, but the technology being created is a real game changer in the medium and long term. For example, in the future, AI agents will no longer use bank accounts, emails or centralized instant messaging, nor will they rely on cloud providers, but will use Bitcoin and stablecoins (USDt, XAUt) to communicate with real-time encrypted multi-signature channels.

Important economic dynamics

▌Macro Outlook Next Week: CPI data retests the patience of the Federal Reserve, and gold will usher in directional signals

According to Jinshi, this week, major U.S. stock indexes closed higher, with the S&P 500 hitting a more than three-month high on Friday. The Dow Jones Index also rose to a three-month high. A better-than-expected non-farm payrolls report eased market concerns about the economy, while Tesla (TSLA.O) rebounded from a sharp drop on Thursday and technology stocks continued to rise. However, as of June 4, US stock funds saw outflows for the third consecutive week as concerns about US trade policy persisted. In terms of commodities, gold prices fell considerably on Thursday and Friday, but still rose overall this week, closing at $3,311.68 per ounce. It is worth noting that although the number of new non-farm payrolls in the United States in May was slightly better than expected, Trump once again put pressure on the Federal Reserve on social media, urging it to cut interest rates by 100 basis points. The following are the key points that the market will focus on in the new week: China's May CPI annual rate at 09:30 on Monday; US April wholesale sales monthly rate at 22:00 on Monday; US New York Fed 1-year inflation expectations in May at 23:00 on Monday; China's May M2 money supply annual rate to be determined on Tuesday; UK April three-month ILO unemployment rate, May unemployment rate, May unemployment benefit applicants at 14:00 on Tuesday; ECB Governing Council member Villeroy delivered a speech at 15:10 on Tuesday; US May NFIB small business confidence index at 18:00 on Tuesday; US May CPI data at 20:30 on Wednesday US EIA crude oil inventory, Cushing crude oil inventory, strategic oil reserve inventory for the week ending June 6 at 22:30 on Wednesday UK April three-month GDP monthly rate, manufacturing output monthly rate at 14:00 on Thursday UK April seasonally adjusted commodity trade account, industrial output monthly rate at 14:00 on Thursday 20:30 Thursday, initial jobless claims for the week ending June 7, US PPI for May 14:00 Friday, final monthly rate of German CPI for May 14:00 Friday, final monthly rate of French CPI for May 22:00 Friday, initial expected monthly rate of US one-year inflation rate for June, initial monthly rate of the University of Michigan Consumer Confidence Index for June The US CPI report for May, to be released next Wednesday, will test the market's optimism about rate cuts, as it may show that the recent downward trend in inflation has stagnated. In terms of other economic data, the UK will release its three-month employment report for April next Tuesday, and the market will focus on whether there are more signs of layoffs.

▌Federal Reserve Survey: 52% of Americans cannot cope with $2,000 emergency expenses, inflationary pressure continues to intensify

According to The Kobeissi Letter, the latest Federal Reserve survey shows that 52% of American consumers cannot cope with $2,000 emergency expenses relying solely on savings, and 31% cannot even afford unexpected expenses of $500. In 2024, a record 37% of respondents said that inflation and prices are their main financial challenges, up from 35% in 2023, 33% in 2022 and 8% in 2016.

Golden Encyclopedia

▌What is the market depth of cryptocurrency?

In cryptocurrency trading, market depth describes the ability of the market to withstand a large number of orders without a noticeable impact on the price.

It is a liquidity indicator that shows the number of buy and sell orders for a given cryptocurrency at different price points. So, how is market depth displayed? Depth charts are often used to illustrate this data. It plots buy orders (bids) on one side and sell orders (asks) on the other side to reflect price levels.

Disclaimer: As a blockchain information platform, Golden Finance publishes articles for information reference only and is not intended as actual investment advice. Please establish a correct investment philosophy and be sure to raise your risk awareness.