A whale deposited nearly 5,000 ETH into the exchange. Circle's night trading rose by 10%.

Headlines

▌A whale that has been dormant for four years deposited 4,949.63 ETH into the exchange, equivalent to about $12.54 million

According to Onchain Lens monitoring, a dormant Ethereum whale for four years has become active again, depositing a total of 4,949.63 ETH (about $12.54 million) into three exchanges, Binance, Gate and MEXC. In addition, the whale also transferred 3,936.44 ETH (about $9.9 million) to another wallet address.

▌Circle (CRCL.K) rose 10% in the US stock market

The first stablecoin stock Circle (CRCL.K) rose 10% in the US stock market. (Jinshi)

Market

As of press time, according to CoinGecko data:

BTC price is $105,707, up or down +0.1% in 24 hours;

ETH price is $2,502.64, up or down -1.2% in 24 hours;
BNB price is $652.39, up or down +0.3%；
SOL price is 152.16 US dollars, 24 hours up and down +1.7%；
DOGE price is 0.1834 US dollars, 24 hours up and down -0.2%；
XRP price is 2.26 US dollars, 24 hours up and down +3.9%。

Policy

▌Ethiopia is preparing to regulate cryptocurrencies

On June 9, although Ethiopia officially prohibits the trading of virtual currencies, officials from the Financial Intelligence Agency (FIS) said they were preparing to regulate cryptocurrencies. Muluken Amare, director of the Financial Intelligence Agency, announced the news at the East and South African Anti-Money Laundering Group (ESAAMLG) meeting in Addis Ababa. The agency is working with the United Nations, Russia and member states to provide financial security experts with training on monitoring and handling illegal virtual currency transactions. Amare said: "In Ethiopia, trading virtual currencies is not allowed except for the Ethiopian birr, but we are providing training to prepare for possible unauthorized transactions." He added that whether the National Bank of Ethiopia decides to legalize virtual currencies in the future, relevant technical, human and professional capacity building work is underway. Kamal Anwar, a UN counter-terrorism project management official, pointed out that virtual assets are not only used for terrorist financing, but also for tax evasion and money laundering.

▌Eleanor Terrett: The "Alternative Amendment" to the CLARITY Act has been released

According to encryption reporter Eleanor Terrett, tonight, the "Alternative Amendment" (ANS) to the CLARITY Act has been released. ANS is an updated version of the submitted bill, which contains recent amendments and additions, and the text will form the basis for the Financial Services GOP Committee review meeting on Tuesday.

Blockchain Applications

▌Michael Saylor downplays the threat of quantum computing to Bitcoin

Strategy founder Michael Saylor recently downplayed the threat of quantum computing to Bitcoin in an interview with CNBC, believing that when the threat is imminent, the Bitcoin protocol can respond to potential risks through software upgrades. He said: "This is mainly a marketing trick by those who want to sell you the next quantum concept token. Google and Microsoft will not sell computers that can crack modern encryption technology because it will ruin Google and Microsoft - and also ruin the US government and banking system."

▌Casa Co-founder: It is not recommended to rely on artificial intelligence to explain the technical details of Bitcoin

In response to Grok's post that "the size of Bitcoin blocks is about 664 GB, growing by about 72 GB each year, and removing the OP_RETURN restriction can increase the block size by about 20%", Casa co-founder Jameson Lopp responded on the X platform: If you rely on artificial intelligence to explain the technical details of Bitcoin, the experience will definitely be terrible. This answer is complete nonsense. The block size data based on OP_RETURN is actually much smaller than the block size based on witness information records.

▌SlowMist Yuxian published an article questioning how public Wi-Fi can successfully carry out coin theft attacks and seeking real case verification

In response to Kraken Chief Security Officer Nick Percoco's warning that security omissions frequently occur at crypto industry conferences and that common hidden dangers include the use of public Wi-Fi, SlowMist founder Yuxian raised questions on the X platform and said: "Please humbly ask, what are the dangers of public Wi-Fi? How to successfully carry out coin theft attacks? Are there any real cases? Note: Be serious, I have practiced a lot of hacking in this field, don't come with fake attacks..."

Cryptocurrency

▌Over 90 million USD was liquidated in the past 24 hours, with both long and short positions liquidated

According to Coinglass data, the total liquidation amount in the cryptocurrency market reached 91.4591 million USD in the past 24 hours, of which 50.0084 million USD was liquidated in long positions and 50.0084 million USD was liquidated in short positions. ETH liquidated 27.4926 million USD, BTC liquidated 12.9448 million USD, and ANIME liquidated 5.8866 million USD. In the past 24 hours, a total of 46,385 people were liquidated, with the largest single liquidation occurring on HTX's ETH-USDT trading pair, worth $1.4232 million.

▌A PEPE whale deposited 6,200 ETH into Binance in the past three days, at an average price of $2,492

According to on-chain analyst Ember, whale 0x3c9, who sold PEPE for a profit of $6.86 million a few days ago, has started selling ETH again: 6,200 ETH (15.45 million U.S. dollars) have been transferred to Binance in the past three days, at an average price of $2,492. The whale currently has about 36,700 ETH (92.22 million U.S. dollars) in multiple DeFi protocols.

▌Data: The number of Bitcoin network transactions fell to a new low since October 2023

The seven-day average transaction volume of the Bitcoin network fell to 317,000 last Friday, the lowest since October 2023. Due to the sluggish trading activity, some miners began to look for transactions with fees lower than the default relay threshold of Bitcoin Core (1sat/vB). Mononaut pointed out that one of their transactions was submitted to Bitcoin mining company MARA (formerly Marathon Digital), which publicly operates a non-standard low-fee transaction channel called Slipstream. On June 6, 31 Bitcoin core developers jointly signed an open letter opposing nodes filtering low-fee or non-standard transactions, emphasizing the essential attributes of Bitcoin as an anti-censorship system. Developers pointed out that forcing users to use private channels such as Slipstream will undermine the decentralized nature. This position was opposed by people such as Samson Mow, founder of Jan3, who believed that core developers were removing protection mechanisms for spam transactions.

▌Bitcoin investment family "Taihuttu family" stores cryptocurrency mnemonics in four continents to deal with kidnapping threats

On June 9, due to the growing kidnapping threats faced by cryptocurrency holders, the Bitcoin investment family "Taihuttu family" revealed that they have abandoned hardware wallets and instead hid cryptocurrency mnemonics in four continents around the world. Taihuttu said that in the past eight months, they have adopted a hybrid storage system: after the encrypted mnemonics are divided, some are engraved on fireproof steel plates and hidden in four continents, and the rest are stored through blockchain-based encryption services. Even if threatened with a gun, he can only provide limited assets in his mobile wallet. Currently, about 65% of the Taihuttu family's crypto assets are stored in cold wallets on four continents, and the rest are kept in multi-signature wallets or decentralized exchanges for transactions and daily expenses.

Important Economic Dynamics

▌CME Fed Watch: The probability of a 25 basis point rate cut in June is only 2.6%

According to CME's "Fed Watch" data, there are 10 days left before the next FOMC meeting of the Federal Reserve. The probability of a 25 basis point rate cut in June is 2.6%, and the probability of keeping the interest rate unchanged is 97.4%. The probability of the Federal Reserve keeping the interest rate unchanged until July is 83.3%, the probability of a cumulative 25 basis point rate cut is 16.3%, and the probability of a cumulative 50 basis point rate cut is 0.4%.

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 the correct investment philosophy and be sure to raise your risk awareness.