Odaily Planet Daily News According to the monitoring of on-chain analyst @ai_9684xtpa, the previous "air force leader" of Hyperliquid who shorted 16 altcoins has accumulated a profit of $9.68 million, far higher than last week's $3.56 million. Currently, 15 of its 16 positions are in a floating profit state, and the only floating loss of HYPE has narrowed to $1.92 million, and the overall position value is about $53.3 million.

Odaily Planet Daily News Matrixport released its latest weekly report, pointing out that Bitcoin ETFs have attracted more than $45 billion in capital inflows, with stable corporate allocation demand and growing institutional interest. However, despite the strong capital absorption of ETFs, there is still a hidden selling risk in the market, especially when the price of Bitcoin is close to the average holding cost of retail investors in the past year (about $45,000), potential selling pressure is apparent, which may pose a certain resistance to the rise. The report also pointed out that since some funds have been in a loss state since they flowed into Bitcoin ETFs in Q2 2024, the market structure adjustment may continue in the short term. The key lies in whether Bitcoin can break through the existing range and drive a new round of funds into the market.

Odaily Planet Daily News Binance Alpha is now online with Avail (AVAIL). Eligible users can go to the Alpha event page within 24 hours after the start of trading to claim 2,667 AVAIL tokens airdrop, which will consume 15 Alpha points. This airdrop will be carried out in two phases: the first phase (the first 18 hours) is open to users with no less than 243 Alpha points; the second phase (the last 6 hours) is relaxed to users with 199 points to participate, first come first served, until the airdrop pool is distributed or the event ends. Users who fail to complete the claim within 24 hours will be deemed to have given up.

Japan just logged its highest core inflation since early 2023, and it’s now looking more likely that the Bank of Japan will have to hike interest rates again. source: https://www.cryptopolitan.com/boj-hike-rates-japan-inflation-2-year-high/

Stablecoin issuer Circle (CRCL) surged more than 530% since its June IPO, fueled by a groundbreaking Senate vote on the GENIUS Act and a ripple effect across blockchain-linked equities. source: https://coinpaprika.com/news/crypto-stocks-soar-circle-leads-the-charge

The launch comes amid revelations that more than 16 billion passwords were exposed in a sweeping leak affecting login credentials […] The post Tether CEO Launches Offline Password Manager After 16 Billion Credential Leak appeared first on Coindoo. source: https://coindoo.com/tether-ceo-launches-offline-password-manager-after-16-billion-credential-leak/

null source: https://x.com/DaanCrypto/status/1935955826235015326

The country's financial regulator has submitted plans to launch crypto ETFs and won-based stablecoins by the second half of this year. source: https://decrypt.co/326191/south-korean-regulators-spot-crypto-etfs-this-year

BitMEX co-founder Arthur Hayes, known for making bold and sometimes controversial Bitcoin price predictions, said he is not bothered if he is wrong.

According to Cointelegraph, the Governor of the Bank of Korea, Rhee Chang-yong, has expressed openness to the idea of issuing a won-based stablecoin. However, he remains cautious about the potential challenges in managing the foreign exchange aspects of such a token. During a recent press conference, Rhee highlighted that a won-based stablecoin could simplify exchanges with dollar-backed stablecoins, potentially increasing demand for the latter and complicating foreign exchange management. This development comes as South Korea's newly elected President, Lee Jae-myung, advances his agenda on cryptocurrency regulation, a key promise from his campaign. The country's foreign exchange reserves have been declining, with the Bank of Korea reporting a drop from $415.6 billion at the end of December to $404.6 billion by the end of May, marking an $11 billion decrease over six months. In a move to create a more favorable regulatory environment, President Lee's Democratic Party introduced the Digital Asset Basic Act on June 10. This legislation would permit companies with a minimum equity capital of $368,000 to issue stablecoins, provided they maintain adequate reserves for refunds and obtain approval from the Financial Services Commission (FSC). The FSC is also investigating local exchanges regarding transaction fees, aligning with President Lee's commitment to reducing costs for young traders. The stablecoin market is currently dominated by US dollar-backed tokens, with Tether (USDT) and Circle's USDC leading the space. However, Circle's euro-pegged stablecoin, EURC, is gaining momentum, with its market capitalization rising to $203 million, a 156% increase since the beginning of the year. Circle's stock experienced significant gains following indications from US lawmakers that the stablecoin-regulation GENIUS Act would likely pass in the House.

The post Pi Network Mainnet Migration Issues Could Spark a Crash Below $0. 7%. This week alone, Pi has dropped 4 source: https://coinpedia.org/news/pi-network-mainnet-migration-issues-could-spark-a-crash-below-0-50/

Alipay and Meizu completed the first smart glasses-enabled e-wallet payment outside mainland China, using Meizu’s StarV Snap glasses and AlipayHK. The glasses scanned a QR code and used voice commands with AI support to authorise the payment.

Elon Musk’s artificial intelligence company, xAI is being accused of environmental racism, after its data centre was caught violating the Clean Air Act.

After the introduction of the Alpha points rules, other exchanges followed suit. For the industry, providing a new paradigm and gameplay is also the responsibility of the industry development that it shoulders as the industry leader.

Spark’s vision is to address the inefficiencies of traditional banking and the scalability limitations of existing DeFi money markets, and position itself as the most advanced on-chain yield engine.

Visa has partnered with Yellow Card to use stablecoins like USDC for faster, cheaper cross-border payments in Africa. This move aims to help tackle currency issues and improve money transfers across the continent.

The group infiltrated Nobitex’s internal systems and instead of pocketing the stolen funds to thier own crypto wallets, the hackers sent them to a burner addresses with no private key access, effectively locking the digital asset away with no way of making them retrievable.

Cryptocurrency is more than technology or speculation. It’s about restoring dignity and autonomy to those left behind by traditional finance. Cryptocurrency offers a path to financial dignity through education and inclusion.

Golden Finance launches the 2730th issue of "Golden Morning 8:00", a morning report on the cryptocurrency and blockchain industry, to provide you with the latest and fastest news on the digital currency and blockchain industry.

Golden Finance launches "Golden Web3.0 Daily" to provide you with the latest and fastest MEME, DeFi, DAO, NFT and Metaverse industry news.