Market Dynamics: Bitcoin prices briefly fell to a two-month low of $65,300 before rebounding to around $67,000, experiencing significant market volatility.
Major altcoins generally declined, but a few bucked the trend and rose. ENA and DEXE saw gains exceeding 20%, moving in the opposite direction to the broader market.
Amidst this volatile price action, Bitcoin's market dominance continues to decline.
319
0
0
21
TheCryptoBasic
06-03 15:25
Follow
Coinbase Ventures has made its first investment in Ethena, purchasing $ENA tokens.
Furthermore, Ethena has partnered with Coinbase to launch on-chain financial and savings products for over 100 million users, with the first products scheduled to launch next week.
412
0
0
35
Cointelegraph
06-03 11:16
Follow
🗞️ Want to know today's news? Here are our top ten stories:
🔸 GameStop ($GME) reported its highest quarterly net profit in company history, reaching $389.6 million, and announced a $2 billion share buyback program that will continue until 2029.
🔹 According to Reuters, SpaceX plans to IPO next week, targeting a valuation of $1.75 trillion and aiming to raise at least $75 billion.
🔸 Grayscale's highly liquid collateralized ETF ($HYPG) will begin trading tomorrow, boasting the lowest management fees of any $HYPE ETP in the US.
🔹 The US Securities and Exchange Commission (SEC) has elevated digital assets to a strategic priority in its five-year roadmap for development up to 2030.
🔸 The US Treasury Department has imposed sanctions on Iranian cryptocurrency exchanges Nobitex, Bitpin, Ramzinex, and Wallex, as well as several individuals associated with these platforms.
🔹 Citigroup predicts the tokenized asset market could reach $8.2 trillion by 2030, emphasizing Chainlink CCIP as a key interoperability standard.
🔸 Ethena and Coinbase have partnered to expand on-chain financial products. Coinbase Ventures has also made its first public investment in ENA.
🔹 The Clarity Act has been added to the U.S. Senate legislative agenda.
🔸 The Cardano Foundation is partnering with the Brazilian Olympic Committee to introduce public blockchain technology into the Olympic Games.
🔹 President Trump signed an executive order on artificial intelligence innovation and security.
473
0
0
46
Professor Suo said
06-03 09:55
Follow
June 3rd All-in Morning Report:
Playing the US stock market is truly different. The recent US stock market has been terrifying, with $ARM followed by $MRVL. I just want to ask, are xdm (a derogatory term for investors) having a good time?
1. bitcoin:native's drop was too delayed; it only started falling a day after the sell confirmation, completely different from the crash-like rise in the US stock market.
2. ethereum:native was bound to fall even more drastically, no reason why.
3. solana:So1111111111111111111111111111111111111112 I just want to say it's finally fallen to its lowest point.
4. Tom Lee predicts: Ethereum's price will reach $250,000 as enterprise validators take over network control.
Trapped by an illusion?
5. Tensions escalate in the Middle East: Iran launches missiles at US ships; US bases in Kuwait and Bahrain are attacked.
Rubio: US-Iran talks are ongoing; the timing of an agreement is uncertain.
6. Goldman Sachs CEO: Greed outweighs fear in the market.
Everyone's afraid of missing out, everyone's chasing highs.
7. Federal Reserve Chairman Warsh appoints two advisors, both conservatives.
8. Robinhood officially enters Canada after acquiring WonderFi.
Robinhood announces a July 2nd event to unveil its next-generation crypto financial products.
9. Concerns about stablecoins de-pegging are pushing New York and EU regulators closer together.
10. US stock indices all closed higher, while blockchain stocks generally fell.
11. Cryptocurrency derivatives trading activity is expected to decline to late 2023 levels, but opportunities exist in the US permanent bail market.
It makes sense; even crypto enthusiasts are off the crypto scene, everyone's playing the US stock market. Otherwise, why would crypto platforms list US stocks?
12. Ethena chooses Anchorage. As a secure off-chain collateral custodian for institutional lending business expansion;
Coinbase Ventures invests in ENA for the first time; Ethena will collaborate with Coinbase to develop on-chain finance and savings products;
13. CFTC Chairman seeks to withdraw from $5 million settlement with Gemini;
14. US Senator Sanders proposes establishing an AI sovereign wealth fund, proposing a 50% equity tax on leading AI companies;
Something like the idea of bringing domestic companies back into the fold;
15. US exchange operators fall due to concerns about the risks of perpetual futures; CBOE Global Markets falls 9%;
16. The Clarity Act has been placed on the US Senate legislative agenda; the next major procedure is a full Senate vote;
17. JackYi: The next few months will be a period of bottoming out and volatility in crypto, until complete settlement and most people exit;
Is JackYi really that good now? He just finished a killing a few days ago;
18. Ondo's RWA perpetual contract platform, Ondo Perps, will launch on June 9th. Launched today;
Wow, is this the only positive news? ethereum:0xfaba6f8e4a5e8ab82f62fe7c39859fa577269be3
------------- It wasn't until yesterday that I noticed many crypto enthusiasts are finally starting to get interested in US stocks. They're finally impressed by the crash-like surge in US stocks. A market where you can make money no matter what you buy is much better than a market where you have to rack your brains to make money.
#Bitcoin #Ethereum #Solana #Crypto #Nasdaq
385
0
0
47
CoinMarketCap
06-03 09:06
Follow
Breaking news: 💰 Coinbase Ventures has invested in Ethena by purchasing ENA tokens on the open market. Ethena and Coinbase have also announced a new on-chain savings partnership.
495
0
0
42
Cointelegraph
06-03 02:20
Follow
🔥 Breaking news: Ethena and Coinbase have partnered to expand on-chain financial products, and Coinbase Ventures has made its first public market investment in ENA.
483
0
0
27
Wu Blockchain
06-03 01:47
Follow
Coinbase Ventures completes its first investment in Ethena through open market acquisition of ENA.
Coinbase Ventures has completed its first investment in Ethena through open market acquisition of ENA. Simultaneously, Ethena announced a partnership with Coinbase to expand on-chain financial and savings products for Coinbase's more than 100 million users, with the first growth plan launching next week.
300
0
0
45
Wu Blockchain
06-01 22:57
Follow
Over $1.8 Billion Worth of Tokens to be Unlocked Next Month
According to Tokenomist, over $1.839 billion worth of tokens will be unlocked next month. Major tiered unlocks include HYPE, H, SAHARA, HOME, ZRO, SPK, ENA, WET, CONX, MEGA, ME, SUI, and APT, while major linear unlocks include SOL, WLD, TRUMP, TAO, AVAX, NEAR, DOT, FIL, and MORPHO.
Source:
317
0
0
43
Wu Blockchain
06-01 20:51
Follow
According to Wu, Tokenomist reports that several large single-transaction unlocks (unlocking amounts exceeding $10 million) are expected in the coming month, including HYPE H SAHARA HOME ZRO SPK ENA WET CONX MEGA ME SUI APT; and linear large-transaction unlocks (single-month unlocking amounts exceeding $10 million) are expected in the coming month, including RAIN SOL CC WLD TRUMP ASTER TAO AVAX ZEC MORPHO STBL NEAR VVV DOT FIL, with a total unlocking value exceeding $1.839 billion.
428
0
0
23
Mars Finance
06-01 11:07
Follow
🔔This Week's Unlocking Data Overview: HYPE, ENA, EIGEN, and Others to Experience Large-Scale One-Time Token Unlocks
According to Mars Finance, on June 1st, data from Token Unlocks shows that HYPE, ENA, EIGEN, and other tokens will experience large-scale one-time unlocks this week. The unlocking data is as follows: EIGEN will unlock approximately $7.75 million worth of tokens on June 1st, representing 6.55% of its released supply; ENA will unlock approximately $3.57 million worth of tokens on June 2nd, representing 2.57% of its released supply; OPN will unlock approximately $4.32 million worth of tokens on June 5th, representing 10.89% of its released supply; HYPE will unlock approximately $713.8 million worth of tokens on June 5th, representing 2.54% of its released supply; and RED will unlock approximately $4.9 million worth of tokens on June 6th, representing 10.87% of its released supply.