Headlines
▌BlackRock IBIT holdings valued at more than $71.6 billion
BlackRock official data shows that as of June 18, IBIT holdings valued at $71,619,524,684.57, holdings reached 683,017.53 BTC.
▌200 million USDT transferred from Tether Treasury to Bitfinex
According to Whale Alert monitoring, 2 hours ago, 200 million USDT were transferred from Tether Treasury to Bitfinex.
Market
As of press time, according to CoinGecko data:
BTC price is $102,634, up or down -0.9% in 24 hours;
ETH price is $2,278.68, up or down -6.2% in 24 hours;
BNB price is $630.23, up or down -2.1% in 24 hours;
-3.4%;
DOGE price is 0.1553 US dollars, with a 24-hour increase or decrease of -5.1%;
XRP price is 2.07 US dollars, with a 24-hour increase or decrease of -2.8%.
TRX price is 0.2724 US dollars, with a 24-hour increase or decrease of +0.0%.
Policy
▌Bank of England Governor doubts the necessity of digital pound
Bank of England Governor Andrew Bailey questioned the necessity of launching a digital pound on Friday, casting a shadow on the prospects of the UK's central bank digital currency plan. Bailey said he has not yet been "convinced of the need to create new forms of currency" to reap the benefits of advances in payment technology, such as smart contracts and anti-fraud measures. This statement may mean that the British government needs to reassess the pace of its digital currency strategy.
▌Binance CEO: The GENIUS Act represents clear and comprehensive stablecoin regulation
Binance CEO Richard Teng tweeted that the GENIUS Act represents what the cryptocurrency industry has long needed: clear and comprehensive stablecoin regulation. We are witnessing the United States and other countries laying the foundation for the adoption of mainstream digital currencies.
Blockchain Applications
▌Redbrick: Airdrop Checker is now online
AI-powered Web3 game engine Redbrick announced on the X platform that the BRIC token airdrop checker is now online, and airdrop collection will start at 10:00 UTC on June 21 (18:00 Beijing time).
Cryptocurrency
▌ZachXBT: Garden Finance facilitates money laundering for Bybit hackers
"Chain detective" ZachXBT accused Bitcoin bridge service Garden Finance of facilitating some major cryptocurrency hacking thefts, including facilitating money laundering for Bybit hackers. ZachXBT pointed out that more than 80% of the fee income on the Garden Finance platform recently came from illegal transactions allegedly related to the North Korean Lazarus Group. However, Garden Finance founder Jaz Gulati denied the allegations and refuted the criticism as false information. According to Dune Analytics data, the Garden Finance platform has facilitated 40,571 atomic swaps, with a total transaction volume of more than 24,984 BTC, worth approximately $1.5 billion, and the fee income has reached 40.11 BTC so far.
▌Trader AguilaTrades has now lost $13.68 million on his third long BTC
The AguilaTrades trader, who holds a $400 million position, has now lost $13.68 million on his third long BTC. The trader failed to go long on BTC three times in a row, and the three losses were as high as $29.1 million.
First time: long BTC position opened to $434 million, then BTC pulled back to $4,000+, closed position and lost $12.48 million;
Second time: long BTC position opened to $420 million, then BTC pulled back to $4,000+, closed position and lost $2.94 million;
Third time: long BTC position opened to $424 million again, now BTC has pulled back to $4,000+, he has not completely cut his losses, currently floating loss is $13.68 million.
▌The giant whale that made a profit of $30.45 million through two ETH waves hoarded 13,498 ETH again
According to the on-chain analyst Ember, the giant whale/institution that made a profit of $30.45 million through two ETH waves] has just invested the last 30.058 million USDC in the address and bought back 13,498 ETH! Since June 11, they have bought 336 million USDC into 132,000 ETH in 11 days, with a total cost of 2,540 USD. Now the floating loss is 39.76 million USD.
▌Saylor: Bitcoin will reach 21 million USD in 21 years
Michael Saylor, executive chairman of Strategy (formerly MicroStrategy), posted on the X platform: Bitcoin will reach 21 million USD in 21 years.
▌TRUMP team-related wallets have deposited 12.54 million TRUMPs in the exchange in the past two months, worth more than $150 million
According to Arkham monitoring data, after depositing 3.527 million TRUMP tokens in Binance, the TRUMP team-related wallets have deposited a total of 12.54 million TRUMP tokens in four batches since April 28, with a value of up to $150.68 million.
▌James Wynn: Bitcoin may fall to $69,000
Crypto trader James Wynn tweeted that Bitcoin may fall to $69,000, and I hope you are prepared.
Important economic dynamics
▌Macroeconomic outlook for next week: Core PCE data is coming, Powell will deliver testimony on the semi-annual monetary policy report
Preview of important macroeconomic events in the United States next week is as follows: At 22:00 on Monday, Federal Reserve Board member Bowman will speak on monetary policy and the banking industry. At 22:00 on Tuesday, Federal Reserve Chairman Powell will deliver testimony on the semi-annual monetary policy report to the House Financial Services Committee. At 00:30 on Wednesday, FOMC permanent voting member and New York Fed President Williams will deliver a speech. At 22:00 on Wednesday, Federal Reserve Chairman Powell will deliver testimony on the semi-annual monetary policy report to the House Financial Services Committee. At 20:30 on Thursday, the number of initial jobless claims in the United States for the week ending June 21 (10,000 people), the previous value was 24.5. At 20:30 on Friday, the annual rate of the US core PCE price index in May was expected to be 2.60%, and the previous value was 2.50%. At 22:00 on Friday, the final value of the University of Michigan Consumer Confidence Index in June was 60.5.
Golden Encyclopedia
▌How does quantitative easing work and affect encryption?
Quantitative easing (QE) is an unconventional monetary policy tool used by central banks, especially when interest rates are already low and cannot be lowered further. It became popular during the global financial crisis in 2008, when traditional monetary tools such as lowering interest rates were not enough to stimulate economic growth. Quantitative easing not only affects traditional financial markets, but also the cryptocurrency market. When the central bank injects more money into the economy, some of the money will flow into alternative assets such as Bitcoin and altcoins, pushing up their prices. A surge in liquidity typically drives up all asset prices, including cryptocurrencies, as more money becomes available for investment. Additionally, during periods of quantitative easing, fiat currencies can lose value due to an increase in money supply, leading some investors to seek cryptocurrencies as a hedge against inflation or currency devaluation. Bitcoin, in particular, is often viewed as a store of value similar to gold. Cryptocurrencies may suffer after quantitative easing ends. When central banks end quantitative easing or begin raising interest rates (tightening), liquidity decreases and borrowing costs rise. This can lead to a pullback in risky assets, including cryptocurrencies.
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