🤔 #BTC futures cash-and-carry trade is very likely reaching the end of the juice left to squeeze.

A few weeks ago, traders could lock in an almost risk-free 10% annualised premium by being long spot, short futures. Technically this is ~5% as you need capital on both sides.

That is now down to 6% (3% technically), which is below the risk-free rate of cash equivalents.

🇪🇺 #CBDC ECB published report summarizing progress in the digital euro project since the start of the preparation phase on November 1, 2023.

📊 #BTC Analyst C.Q.: The average number of new unique addresses on the BTC network has dropped to below 250К.

From the perspective of network activity, the market has seen low demand over the last six months, which has not prevented BTC from growing due to ETFs/Futures.

The old rules don't apply

📝👀 #DBR Doubler submitted DBR tokenomics. 10% is allocated to the community.

🕵️‍♂️ 11 hours ago whale brought out 2410 #MKR (~$5.5 million) with OKX. 2 days ago he accumulated 89.1 thousand #AAVE for $7.16 million, but sold it all to buy MKR.

👀 Trustee of Mt. Gox announces the start of #BTC and #BCH payouts

👀💰 #FTT CoinShares sold their claim (claim) to FTX with a return rate of 116%
financefeeds.com

🎢 #BTC The Exchange Flow Multiple has dropped to a threshold level below 0.6, which indicates very low speculative demand in the market

Similar metric values were observed around the $30K level, after which growth resumed

💸 Over $103 million worth of longs have been liquidated in the last hour

📉 Crypto market sees one of the worst reversals of the year - Bloomberg

🇰🇷 On June 26, Upbit will open trading in the #BLUST token. source

Blast blockchain - an analog of Arbitrum and Optimism from the creators of the NFT platform #BLUR

💰 Infrared, Berachain's liquid staking protocol, has raised funds from Binance Labs. theblock.com

📈 #ETH traders buy $4K calls in anticipation of record high. coindesk

⛏💰 Hut 8 announced a $150 million investment from Coatue

📊 Report CoinShares on financial flows in crypto over the last week:

Investment products in digital assets experienced an outflow of funds totaling $584 million for the second week in a row.

#BTC - outflow of $630 million. Outflow in short positions is $1.2 million.

#ETH - outflow of $58 million.

There was an influx of a range of altcoins, with the most notable being #SOL, #LTC and #MATIC to the tune of $2.7 million, $1.3 million and $1 million.

🐻 #BTC 10xResearch analysts warn of a possible correction of Bitcoin to $50,000 in the near future. report

🙅‍♂️ #EOS #ALGO Tether will stop mining #USDT on EOS and Algorand starting today. tether.io

🤝 #XLM Taurus has expanded the storage and issuance capabilities of digital assets for Stellar.
theblock.com

📊 Layer 2 dApps by the number of users growth in the last 30D

Among the top performers are Juice, a Cross-Margin #DeFi protocol, Uniswap V2, a leading decentralized exchange, and Revox, a modular onchain #AI network and content distribution platform.