16:08 2025-06-03
Decentralized leveraged trading platform Avantis completes $8 million Series A financingBase-based decentralized leveraged trading platform Avantis completed a $8 million Series A financing round, led by Peter Thiel's Founders Fund and Pantera Capital, with participation from Symbolic Capital, SALT Fund and Flowdesk.
It is reported that this round of financing was completed in mid-2024, but Avantis chose to announce it now to coincide with the development of the agreement. Avantis' Series A financing is structured as an equity financing and token warrants, with a total financing am...
16:05 2025-06-03
Goldman Sachs' chief Asia-Pacific economist: The dollar is expected to depreciate furtherAndrew Tilton, chief Asia-Pacific economist at Goldman Sachs Group, said of the outlook for the dollar that he expected "further dollar depreciation", as the dollar remains about 15 per cent overvalued against its long-term fair value according to Goldman's exchange rate model. "We also see signs that foreign investors may be allocating at least a little less to the US, which is also net against the dollar," Mr. Tilton added, noting that US policymakers also appeared to want a weaker dollar.
15:59 2025-06-03
The US SEC cryptocurrency working group met with CoinShares representatives to discuss issues related to crypto asset regulationThe Securities Exchange Commission (SEC) Crypto Task Force has met with representatives of CoinShares International Limited and its legal counsel, Chapman & Cutler LLP, to discuss the regulatory challenges of launching crypto-asset exchange-traded products (ETPs) in the United States. It is reported that the topics discussed during the meeting between the two sides include: how to integrate the pledge mechanism in the ETP structure, appropriate standards for reviewing new digital asset ETP rule ...
15:56 2025-06-03
Whale James Wynn once again increased its position by $20 million, and the current position value has reached $140 millionAccording to on-chain analyst Ember monitoring, giant whale James Wynn has once again increased his position 20 million dollars. At present, his BTC long position has reached 140 million dollars.
Due to the floating profit and rolling position strategy, the liquidation price of his position has risen to $104,815. His current position: 1321 BTC with 40x leverage, worth $140 million. The opening price is $106,047, and the liquidation price is $104,815. Floating profit 840,000 dollars.
15:37 2025-06-03
After Cango fully switched to bitcoin mining, it produced more than $100 million in two monthsCryptocurrency mining company Cango has performed well after making a full switch to bitcoin mining, mining a total of 954.5 bitcoins worth more than $100 million in two months in April and May. The company has previously sold its traditional business in China to focus on bitcoin mining. Cango operates with an average hashrate of nearly 30 EH/s, and has mined 1,541 bitcoins in Quarter 1 this year.
At the same time, the two co-founders of Cango reached a $70 million equity deal with Enduring Weal...
15:34 2025-06-03
Consensys founder: Ethereum is a global settlement layer, and stablecoins will become a global settlement currencyJoseph Lubin, founder of Consensys and co-founder of Ethereum, said in a post on the X platform that Ethereum is achieving the same transformation for value: it provides a shared, open standard for programmable money. Ethereum is a global settlement layer that has been running non-stop every 12 seconds for nearly a decade, all year round, without error. Last year alone, it settled more than $25 trillion in value. Ethereum has the most...
15:31 2025-06-03
Opinion: Crypto market may be volatile in June due to Trump's budget and tariff controversyCrypto research firm K33 Research said that the Trump administration's "always back down" (TACO) tariff strategy and the upcoming "One Big Beautiful Bill" budget in the Senate could together trigger wild market volatility in June. The TACO theory is based on the observation of Financial Times columnist Robert Armstrong that after President Trump announces high tariffs, he often withdraws or delays implementation due to market reactions, resulting in...
15:19 2025-06-03
James Wynn's long position rolls from $100 million to 120 millionAccording to on-chain analyst Ember monitoring, after BTC rose tonight, the giant whale trader James Wynn's position showed some floating profit, and then he started the floating profit rolling operation, increasing the position from $100 million to $120 million at 22:44. At present, his position situation is: 40 times the leverage is long 1133 BTC, worth about $120 million, the opening price is $105938, the clearing price is $104276, and the floating profit is about $740,000.
