In the past 4 hours, the entire network has liquidated $206 million, and BTC has exceeded $110,500

Headlines

▌In the past 4 hours, the entire network has a liquidation of 206 million US dollars, mainly short orders

Data shows that in the past 4 hours, the entire network has a liquidation of 206 million US dollars, of which long orders have a liquidation of 5.9169 million US dollars and short orders have a liquidation of 200 million US dollars, mainly short orders.

▌BTC breaks through 110,500 US dollars

The market shows that BTC has broken through 110,500 US dollars and is now at 110,500.01 US dollars, with a 24-hour increase of 3.94%. The market fluctuates greatly, so please do a good job of risk control.

Market

As of press time, according to CoinGecko data:

BTC price is $110,273, up or down +7.0% in 24 hours;

ETH price is $2,686.21, up or down -0.0% in 24 hours;
BNB price is $666.45, up or down +2.2%；
SOL price is 161.19 US dollars, 24 hours up and down +5.7%；
DOGE price is 0.1948 US dollars, 24 hours up and down +5.7%；
XRP price is 2.32 US dollars, 24 hours up and down +2.6%。

Policy

▌The UK Insolvency Service appoints the first crypto-asset specialist to recover digital assets such as Bitcoin

The UK Insolvency Service has appointed former police detective Andrew Small as the first full-time crypto-intelligence expert to enhance the ability to track and recover digital assets such as Bitcoin in bankruptcy and criminal cases. Over the past five years, the number of bankruptcy cases involving crypto assets has increased by 420%, and the total value of the assets involved has soared from approximately £1,400 in the 2019/20 fiscal year to more than £520,000 in the 2024/25 fiscal year. The new position will help the Insolvency Service recover crypto assets held by debtors more efficiently, thereby recovering more losses for creditors and the UK economy.

US SEC Chairman: Values ​​such as economic freedom and private property rights are the core of DeFi

According to the DeFi Education Fund, the US SEC Crypto Working Group held a roundtable meeting on "DeFi and the American Spirit" today. At the beginning of the roundtable, SEC Chairman Atkins talked about how decentralized finance (DeFi) fits in with American values: "American values ​​of economic freedom, private property rights, and innovation are the core genes of the decentralized finance (DeFi) movement." In addition, Chairman Atkins emphasized that developers of neutral tools should not be held responsible for the actions of third parties: "Engineers should not be subject to federal securities laws simply for publishing such software code. As one court stated, it is irrational to hold the developer of an autonomous vehicle responsible for third parties using the car to violate regulations or rob a bank - quoting the court ruling, in this case, people will not sue the car company for accusing it of facilitating illegal behavior, but will sue the individuals who committed the illegal behavior."

▌SEC Chairman: It is recommended to be more open to self-custody of crypto assets

Paul Atkins, Chairman of the U.S. Securities and Exchange Commission (SEC), said in a Monday speech titled "DeFi In a roundtable meeting of the cryptocurrency task force "with the American spirit", it was suggested that a more open attitude towards self-custody of crypto assets be taken. Paul Atkins said: "I support giving market participants greater flexibility to keep crypto assets autonomously, especially when intermediaries impose unnecessary transaction costs or restrict participation in staking and other on-chain activities."

Blockchain Applications

▌Institution: Apple is about to start the journey of AI monetization

Wedbush analysts said that the launch of Apple Intelligence is slower than expected, and Apple is about to start a period of artificial intelligence monetization. Analysts said that the company's new operating system updates for all products will lay the foundation for such profitability. They said that the initial release of Apple Intelligence is just the beginning of Apple's broader artificial intelligence strategy. According to the agency's estimates, 25% of the world's population will eventually be exposed to artificial intelligence through Apple devices in the next few years. Analysts say the company is expected to provide important updates on Siri's integration with Gemini and ChatGPT soon.

Cryptocurrency

▌Coinbase International Station will launch Fartcoin perpetual contracts

Coinbase International Station announced that it will add support for Fartcoin perpetual contracts on Coinbase International Exchange and Coinbase Advanced. The FARTCOIN-PERP market will open on or after 9:30 am UTC on June 12, 2025.

▌Telegram founder: Collectible Gifts promotes the average daily transaction volume of NFTs on the TON chain

Telegram founder Pavel Durov posted on his personal channel that "the price of collectible gifts on the Telegram platform has risen sharply in the past 30 days, pushing TON to become the blockchain with the highest average daily transaction volume on the NFT chain. If off-chain transactions are not counted, it is second only to Ethereum."

▌Paraguayan President X's account was attacked, and "Paraguay has designated Bitcoin as legal tender" is false information

According to Reuters, Paraguayan President X's account was attacked. Hackers published misleading false news, claiming that Bitcoin is the country's legal tender, misleading reporters.

Important Economic Dynamics

▌People's Daily Zhongsheng: Sino-US economic and trade relations complement each other's strengths, coexist and win-win

People's Daily Zhongsheng published an article on the 10th, pointing out that the true picture of Sino-US economic and trade relations is complementary strengths, coexistence and win-win. Only by removing the artificially set "iron fence" and unblocking the "two-way road" of economic and trade cooperation can we promote the stable and healthy development of Sino-US economic and trade relations. As the world's top two economies, strengthening economic and trade cooperation between China and the United States will not only benefit their respective development, but also provide important guarantees for the stability of the global industrial chain and supply chain. We believe that through equal consultation and pragmatic cooperation, China and the United States can find a mutually beneficial and win-win solution. We hope that both sides will work together to create favorable conditions for enterprises of the two countries to carry out normal economic and trade activities, so that the results of cooperation can better benefit the people of the two countries and make greater contributions to global economic recovery and growth.

▌The probability of the Fed keeping interest rates unchanged in June is 99.9%

According to CME's "Fed Watch": The probability of the Fed keeping interest rates unchanged in June is 99.9%, and the probability of a 25 basis point rate cut is 0.1%. The probability of the Fed keeping interest rates unchanged in July is 85.5%, and the probability of a cumulative 25 basis point rate cut is 14.5%.

▌U.S. Treasury: Foreign investors bought $6.502 billion worth of 7-year Treasury bonds

U.S. Treasury data showed that during the latest biweekly reporting period, foreign investors bought $6.502 billion worth of 7-year Treasury bonds, compared with $4.670 billion last month; investment funds bought $33.491 billion of 7-year Treasury bonds, compared with $31.438 billion last month. Foreign investors bought $7.334 billion of 5-year Treasury bonds, compared with $7.804 billion last month; investment funds bought $54.515 billion of 5-year Treasury bonds, compared with $50.110 billion last month. Foreign investors bought $5.938 billion of 2-year Treasury bonds, compared with $6.618 billion last month; investment funds bought $53.564 billion of 2-year Treasury bonds, compared with $50.964 billion last month.

▌Deutsche Bank: Long-term high interest rates may hit US corporate borrowers

Higher borrowing costs will hit US companies as the impact of the Fed's delayed rate cuts further expands in the future, Deutsche Bank strategists wrote. "For now, the hope of a soft landing has led most defaults to appear in the form of distressed asset exchanges with higher recovery rates," Deutsche Bank wrote. But the possibility of a soft landing is declining against the backdrop of above-target inflation, severe policy uncertainty and rising sovereign term premiums. "Deutsche Bank believes that among speculative-grade credits, the default rate could be as high as 5.5% around the middle of next year, which means that the issuer-weighted speculative-grade default rate will reach its highest level since 2012.

Golden Encyclopedia

▌What is the market depth of cryptocurrency?

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

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 concept and be sure to increase risk awareness.