📊 TVL overview on multiple blockchains

🕵️‍♂️ #ZK 10 smart airdrop hunters, who received 100 thousand ZK.
They have also previously successfully participated in OP and ARB airdrops.

📉🫢 #BTC Santiment: Bitcoin's dip below $67K has ramped up the amount of buy calls (in blue) on social media. Historically, when the amount of sell calls (in red) is closing the gap on buy calls, that is when the panic and #FUD is setting in, and most commonly leads to crypto bounces.

🔝 Today's leaders #BZZ #KOM #KSM

🍣✅ #SUSHI SushiSwap announcedthat adopted the structure of Sushi Labs

📊 IntoTheBlock: While top #DeFi bluechips usually show a strong correlation with #ETH, it's worth noting that #MKR and #DYDX currently show an absence of correlation.

Incorporating uncorrelated assets like these can be a strategic move for diversifying your portfolio

💰 Recent Funding Rounds by Paradigm

Paradigm is widely regarded as a friendly and generous Tier-1 venture capital firm towards airdrop hunters. Projects in Paradigm's portfolio are known for their generosity in airdrops within the crypto community. Here are 10 recent funding rounds made by Paradigm.

📊 Glassnode report: With the advent of the Runes protocol, a contradiction arose between a reduction in the number of active addresses and an increase in the number of transactions.
Majors now hold ~4.23M #BTC, representing >27% of adjusted supply, and US spot #ETFs now control 862K BTC.
The Cash-and-Carry trading structure appears to be a significant source of demand for ETF inflows, with ETFs being used as a vehicle to take a long spot position while the CME Group futures market accumulates an increasingly large net short position in BTC.

📊 #BTC CEO CQ: Sings of bitcoin miner capitulation: yesterday we saw the largest daily miner selling volume since late March: 1,200 Bitcoin.

Some big mining companies have been selling a portion of their reserves.

These are Bitcoin being sold OTC, not in exchanges.

📲 Users of the Strike payment app can now switch between fiat and crypto when making purchases, and thus see the price in Bitcoin-pennies "Satoshi"

🕵‍♂👀 #FET for >$26.7 million transferred on Coinbase

🤔 #BTC is circulating as slowly as 13 years ago

Despite Satoshi's vision of "P2P Electronic Cash," Bitcoin is primarily used as "Digital Gold," with institutions holding it without frequent transactions.

Its velocity will peak someday when BTC is widely used for payments

🥳 #CORE DeFi Technologies will launch a validator node on Core Chain and stake ~$100 million in BTC. cointelegraph

🤝 #ZRO LayerZero has partnered with #TAIKO. twitter

📉 #BTC The chart shows a slight decrease in global liquidity (blue) in the last week before June 11, 2024. This indicates a slight reduction in available market liquidity during this period.

🤝 #BIFI Beefy has partnered with Coinbase #COIN. twitter

📊 #BTC Kaiko: Since January MicroStrategy has significantly outperformed Bitcoin

🥳 #SUI Sui Foundation announced about launching Sui Bridge, “a native bridge specifically built to transfer assets and data to and from Sui,” on the testnet.

💰 #GNS #ARB Gains Network received 2.25 million ARB from the Arbitrum STIP-Bridge program. medium

📊 Santiment: DeFi liquidations are still notably absent. Historically, when Aave and Compound liquidations spike like we see on these charts, it is followed immediately by market rebounds due to the immediate forced selling followed by opportunistic buying from key stakeholders. Bullish traders await these liquidations as a sign that #BTC can quickly rebound back to $70K and #ETH back to $4K, respectively.