π° Velvet Capital, DeFAI's trading and asset management platform, announced that it has completed $33.7 million in funding and plans to launch a management token #VELVET
π #ETH Glassnode: CME futures open interest (7D SMA) has climbed to $3.27B - its highest since Feb 2. This marks a clear uptick in institutional positioning, with demand rising in tandem with price.
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β οΈπ΄ββ οΈ #GMX are hacked at $40 million. debank GMX is one of the largest decentralized projects on Arbitrum (#ARB).
π΄ββ οΈ #GMX offers hackers a 10% reward for recovering stolen funds.
π° Monad Foundation has acquired Portal, an infrastructure provider for stablecoins.
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πΊπΈπ #tradewars Trump has started sending letters to countries again about raising duties.
π’π€ Alphractal: #BTC cycle top hasn't happened yet β according to the Repetition Fractal Cycle metric.
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π³ #ETH mega whales have increased their holdings by 9.31%, a stronger buildup than before the 2022 rally.
Ethereum is consolidating inside a bull pennant, with a breakout potentially targeting $3,400 by August. cointelegraph
Ethereum is consolidating inside a bull pennant, with a breakout potentially targeting $3,400 by August. cointelegraph
πΊπΈπ #macro FOMC Meeting Minutes:
- Most Fed members believe it is appropriate to keep the rate at current levels;
- Some members believe it is appropriate to start lowering the rate in July;
- There are upside risks to inflation.
- Most Fed members believe it is appropriate to keep the rate at current levels;
- Some members believe it is appropriate to start lowering the rate in July;
- There are upside risks to inflation.
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ππ #BTC remains firmly in the risk-on asset category
Over the past 12 months, itβs maintained a moderate correlation to the NASDAQ 100, right around its five-year average.
At the same time, it has stayed largely uncorrelated to gold and bonds. Thatβs why this risk-on environment is a strong setup for a breakout toward a new all-time high.
Over the past 12 months, itβs maintained a moderate correlation to the NASDAQ 100, right around its five-year average.
At the same time, it has stayed largely uncorrelated to gold and bonds. Thatβs why this risk-on environment is a strong setup for a breakout toward a new all-time high.