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Quick Take OpenSea logged the most number of users last month since mid-2023, as OS2 recently exited the beta stage. The platform is also planning to launch its native token, SEA.
Bitcoin has rebounded above $105K following a high-profile Trump-Musk fallout, but traders are treading cautiously.
Keeta (KTA) surged 15% on June 9, fueled by its upcoming stress test and a 54x return by an early investor.
A significant portion of Ethereum tokens has entered the leading exchanges, hinting at a potential selloff.
Quick Take Plasma’s rapid raise completes the firm’s late May goal of raising $50 million by publicly offering 10% of the firm’s XPL token supply. The project noted that over 1,100 wallets participated in the Monday raise, with deposits averaging at $35,000.
Bitcoin’s 30-day volatility dropped to its lowest level since 2015, near the 10th percentile. BTC formed an ascending channel pattern, suggesting bullish continuation with a 46% upside potential. The 50-week EMA at $85,136 acts as dynamic support, maintaining the long-term bullish structure.
- 06:54Matrixport: Crypto-related Stocks Enter a Consolidation Phase After 18 Months of Strong GainsAccording to a report by Jinse Finance, Matrixport's daily chart analysis indicates that over the past 18 months, our crypto concept stock index has significantly outperformed Bitcoin. However, as leading companies such as MicroStrategy, a certain exchange, and Metaplanet have seen their share prices pull back recently, the index is now showing signs of a correction. The cooling of buying interest following Circle's IPO further confirms the lack of momentum in new stock listings. The current insufficient institutional participation may reflect the seasonal weakness typical of summer. Without the support of major crypto IPOs, prices may continue to consolidate in the short term.
- 06:43The search volume for "Altcoin Season" on Google has dropped from a score of 100 on August 13 to the current score of 18According to ChainCatcher, data from Google Trends shows that as Bitcoin and altcoins have continued to decline over the past six days, global search interest for the term "alt season" has dropped from a score of 100 on August 13 to the current score of 18.
- 06:37Venture Capital Firms: Zero-Knowledge Proofs Can Both Protect User Privacy and Combat CriminalsAccording to a report by Jinse Finance, the venture capital firm Andreessen Horowitz (a16z)'s crypto-focused investment division has pointed out that modern cryptographic technologies such as zero-knowledge proofs can both protect user privacy and enable law enforcement to effectively combat illicit actors. In a report released on Tuesday, a16z Crypto’s policy partner Aiden Slaven and regulatory legal advisor David Sverdlov stated that zero-knowledge proofs can verify the authenticity of data without disclosing any detailed private information. They believe this technology has “the greatest potential” by demonstrating the source of funds without the need to reveal private information. The report was published just two weeks after Roman Storm, co-founder of the crypto mixing service Tornado Cash, was found guilty. Tornado Cash allows users to obscure the origin and destination of cryptocurrencies, and Roman Storm was convicted of conspiracy to operate an unlicensed money transmitting business, among other charges. In the Tornado Cash case, law enforcement and prosecutors argued that the mixing service facilitated criminal activity by providing a means to conceal illicit proceeds. Slaven and Sverdlov stated in the report: “If users are able to provide such proofs when converting cryptocurrency into fiat currency, cash-out points can have reasonable assurance that the cryptocurrency does not originate from criminal proceeds, while users can also retain the privacy of their on-chain transactions.”