According to market data, the ETH/BTC exchange rate fell below 0.02 this morning and hit a new low since the beginning of 2020, reaching a minimum of 0.0198 and now reporting 0.02015, a 24-hour decline of 7.02%.
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Lookonchain posted data on social media that since May 11, BlackRock's Ethereum spot ETFETHA has accumulated 214,000 ETH holdings, worth about $560 million, while the price of ETH has been trading sideways between $2,500 and $2,700 during this period.
The initial public offering (IPO) of stablecoin giant Circle is said to be priced above the market price range. Circle's IPO is said to be more than 25 times oversubscribed.
Venture capital firm Paradigm has led a $5.20 million seed round of funding for crypto credit startup 3Jane, which aims to build the "first credit-based money market" to bring unsecured credit to the digital asset space.
Crypto exchange Rails announced that it has completed a new round of funding of $14 million this week, led by Slow Ventures, Kraken, CMCC Global, Quantstamp and Round13 Capital participated. Rails also received about $6.20 million in seed funding, which currently exceeds $20 million.
Nasdaq-listed company and holographic technology service provider MicroCloud Hologram Inc. announced that it has purchased up to $200 million in bitcoin and cryptocurrency-related securities derivatives. As of June 3, the cumulative ROI has reached $19.08 million. HOLO currently holds $303 million in cash reserves. The company plans to use the $303 million reserves for derivatives and technology research and development in cutting-edge fields such as bitcoin-related blockchain, quantum computing...
US Senator Elizabeth Warren posted on social media that the Republicans stuffed the crypto wallet exemption into the GENIUS Act at the last minute, and now the Trump family is planning to launch a crypto wallet. She will propose an amendment to close the loophole, and the bill will not pass without serious anti-corruption measures.
In its latest market outlook analysis, Sygnum Bank pointed out that the supply of bitcoin in circulation has decreased by about 30% in the past 18 months, resulting in a significant decrease in market liquidity. Analysts said that with the increase in ETF inflows and the increase in governments' interest in bitcoin reserves, the market could face a "demand shock", a situation where the number of buyers far exceeds the amount of coins available.
In addition, the turmoil in the U.S. Treasury marke...
With James Wynn facing liquidation for the $126 million Bitcoin multi-order, James Wynn has once again released the address to launch a fundraiser, seeking donations from the crypto community to obtain billing funds.
The market shows that BTC has fallen below $105,000 and is now quoted at $104,991.13, a 24-hour decline of 0.34%. The market is volatile, so please do a good job in risk control.