June 8 Sunday
Important only
5 minutes ago MarsBit and 3 more media reports
<Mars Finance> News, on June 8th, according to CoinPost, the Japanese Senate passed an amendment to the "Fund Settlement Law" on June 6th, establishing a new system for "crypto asset intermediary business" that allows companies to provide matching services without registering as crypto asset exchange businesses, thereby lowering market entry barriers and promoting crypto financial innovation. The amendment adds a "domestic retention order" clause, granting the government the power to order platforms to retain part of users' assets within Japan when necessary, preventing asset outflow risks similar to the FTX bankruptcy event. The new law is expected to be officially implemented within one year from the date of publication.
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19 minutes ago MarsBit
<source>Mars Finance News</source>, analyst Andrei in the Token Narratives program stated that when a company's market value drops by 99% and all paths point to Bitcoin, betting on BTC is not just a strategy but may be the only remaining choice for some companies. Andrei described this as a "late-stage capitalism strategy manual," noting: "We have absolutely no ideas left. Our only chance is to do something like Bitcoin." This perspective sparked discussions about Bitcoin as a last resort for enterprises and reflects the trend of some businesses turning to the cryptocurrency field after traditional business models fail. (<source>Bitcoin.com News</source>)
BTC
0.58%
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19 minutes ago Foresight News
<Foresight News> news, Plume's core RWA decentralized exchange Rooster Protocol has been officially deployed to the Plume mainnet. The protocol aims to provide core infrastructure for RWA asset liquidity in the Plume ecosystem. Rooster Protocol innovatively integrates Maverick Protocol's automated market maker (AMM) technology, constructing a DeFi composable native framework for RWA assets. Its core goal is to enhance the liquidity depth of RWA assets and efficiently connect traditional finance with RWAFi. Currently, Rooster Protocol supports over 20 RWA tokens on the asset side, including Nest's nALPHA and music copyright RECORD; it has integrated Plume ecosystem's native lending protocols, including Solera and Mystic, and attracted well-known DeFi projects like Origin Protocol and Midas to access and deploy their RWAFi strategies through Rooster in the Plume ecosystem.
PLUME
2.19%
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20 minutes ago MarsBit and 3 more media reports
According to Mars Finance, on June 8, Tether CEO Paolo Ardoino reposted an analysis stating that "Tether would reach a market value of $51.5 billion if listed" and commented that this is a beautiful number. According to this perspective, Tether would become the 19th largest company globally, surpassing Costco and Coca-Cola. Although the number looks attractive, Tether hopes to remain humble but is also very excited about the company's next stage of development. The current business model is quite good, and there is no need to go public yet.
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34 minutes ago MarsBit and 2 more media reports
<HMarketFinance> News: T-Mobile, a U.S. company under Deutsche Telekom, has begun distributing $350 million in class-action settlement funds to millions of customers affected by the 2021 massive cyber attack and data breach. The distribution of settlement funds has started and will continue over the next few weeks. The 2021 cyber attack exposed personal data of approximately 76 million U.S. customers, including names, addresses, social security numbers, and other sensitive information. T-Mobile agreed to the settlement in July 2022, and eligible customers will receive digital deposits or paper checks ranging from $25 to $100 based on their claims, with some users potentially receiving up to $25,000 for documented significant losses. The settlement also includes two years of free identity protection services for affected customers. T-Mobile stated that it has strengthened cybersecurity protocols to prevent future incidents but did not admit any wrongdoing in the settlement. Previously, T-Mobile was ordered to pay $33 million in a lawsuit in March related to SIM card attacks that resulted in cryptocurrency theft.
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38 minutes ago MarsBit and 2 more media reports
According to <火星财经> news, citing <金十> report, the American magazine Rolling Stone reported on June 7 that Trump's team is settling Musk's "betrayal" in the manner of a "political divorce." A senior White House official revealed that if Musk wishes to repair the relationship, he needs to show unprecedented humility. The public rift that began on June 5 has evolved into a brutal test of allegiance, with White House staff already contacting mutual allies, demanding they choose sides.
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an hour ago MarsBit and 1 more media reports
<Bit>Mars Finance</Bit> reports that the decentralized AI company RabitiAI has announced the completion of a $5 million funding round, led by Nortiyus. The new funds are intended to support the development of tools and infrastructure, enabling users to deploy and manage AI models on a cross-blockchain architecture. Currently, their solutions are primarily applied in sectors such as healthcare, finance, and logistics, with plans to release an enterprise-level commercial version of decentralized AI tools in Q3 of this year.
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an hour ago MarsBit and 3 more media reports
According to <Coin Track Daily> news from Mars Finance, Deutsche Bank is exploring innovative ways to integrate stablecoin technology into its business. Sabih Behzad, the head of digital assets and monetary transformation at the bank, revealed that Deutsche Bank is considering launching its own stablecoin or establishing an alliance with the broader financial industry to advance this technology. Behzad further explained that the bank is contemplating creating a tokenized deposit system aimed at simplifying payment processes and improving transaction efficiency. Deutsche Bank is also evaluating whether to position itself as a digital asset custodian or issue its own proprietary digital token. A recent research report from Deutsche Bank emphasized the growing momentum of stablecoins and noted that they are moving towards mainstream acceptance.
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an hour ago Blockbeats and 4 more media reports
On June 8, according to on-chain analyst Ai Yi (@ai_9684xtpa), the "whale of 1 million ETH from ETH ICO" recharged 994.8 ETH to OKX six hours ago, worth $2.51 million, with a cost as low as $0.31.
Since May 26, the suspected sales of this OG have increased to 8,854.29 ETH, with a total value of $22.72 million, and an average recharge price of $2,566.
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an hour ago Blockbeats and 4 more media reports
On June 8th, according to <EmberCN> monitoring, a whale who accumulated 500 BTC at a price of $27,400 two years ago continued to increase its holdings by 250 BTC today, approximately equivalent to $26.37 million.
Currently, this whale holds a total of 750 BTC, with an average cost basis of $53,426, showing an unrealized profit of $39.14 million.
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an hour ago Blockbeats and 2 more media reports
On June 8th, Trump Advisor: Don't Just Focus on Trump and Musk's Spat, Two Positive News Are Being Overlooked
On Saturday, Trump advisor Dick Morris joked in a media interview that people are too obsessed with the "spat" between Trump and Musk, overlooking two important news items that could completely change the "Beautiful Big Bill" debate. Morris stated, "I'm not a marriage counselor, so I can't comment on their relationship. But as a political advisor, let's talk about the 'Beautiful Big Bill'. The first piece of news is that the Federal Reserve data shows GDP growth of 4.7% in the first two months of this quarter. The Congressional Budget Office predicted 1.8%, and if it reaches 3%, the budget will be balanced. The 'Beautiful Big Bill' will not increase the deficit at all, and is actually fantastic. The second piece of news is that import volume in the recent month is less than half of the previous month, which shows that Trump's tariffs are effective and will continue to be powerful, simply amazing!"
Morris emphasized that economic performance remains the key factor determining the success of the 2026 midterm elections, and Trump has paved the way for the budget bill through a series of executive orders. "This time is different, we won't miss the opportunity again."
<BlockBeats> Note: The massive tax budget proposal put forward by Trump is called the "Beautiful Big Bill". The updated version of the bill was passed in the House of Representatives last month by a slim margin (215 to 214 votes) and has been sent to the Senate, where it is expected to face resistance from some Republican dissenters. The Republican leadership's goal is to deliver the bill to the President for signature before July 4th, preferably with a version as close to the current one as possible.
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2 hours ago MarsBit and 1 more media reports
<Huoxing Finance News>, Seraph announces the official launch of a new core gameplay "Mercenary System" in the upcoming S3 season, and will open a limited auction of 5,000 Mercenary Non-Fungible Tokens on June 9 at 14:00 (UTC+8), bringing players a brand new battle and revenue experience. The Mercenary System includes two core gameplays: Mercenary Dungeon and Mercenary Dispatch Missions. The Mercenary Dungeon adopts a semi-auto chess mechanism, where players can match and upgrade Mercenary lineups, challenge dungeons and time-limited Bosses, and win equipment boxes and Fire Feathers as rare rewards. Among these, Fire Feathers can be exchanged for SERAPH and are an important output source for S3 season SERAPH. The Mercenary Dispatch gameplay allows players to explore missions and obtain Blood Diamonds, which can not only upgrade Mercenary star levels but also serve as dungeon entry tickets, forming an economic closed loop. Mercenary Non-Fungible Tokens are currently only produced through this auction, using an open bidding mechanism, with a starting price of 20 USDT + 10 SERAPH tokens. The first 5,000 successful bidders will obtain unique Mercenary Non-Fungible Tokens. The auction will last for two days, ending on June 11 at 14:00 (UTC+8). On the basis of the existing Dark Thunder dungeon, the Mercenary System, as a new gameplay, will further expand Seraph's strategic dimensions and economic model, providing players with more diverse participation methods.
SERAPH
0.9%
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2 hours ago Blockbeats and 4 more media reports
On June 8, according to EmberCN monitoring, DWF Labs announced its wallet address for secondary market token purchases one month ago, recently withdrawing 7 types of altcoins from CEX, spending $6.43 million. Currently, six tokens are floating at a loss, one is floating at a profit, with an overall floating loss of $850,000, a 13% loss. Its holdings include:
51.15 million JST, valued at $1.89 million, with an average price of $0.037;
5 million MANTA, valued at $1.54 million, with an average price of $0.309;
4.73 million YGG, valued at $1.02 million, with an average price of $0.216;
137 million IOST, valued at $480,000, with an average price of $0.0035;
21.28 million IOTX, valued at $440,000, with an average price of $0.021;
3 million SIREN, valued at $540,000, with an average price of $0.18;
3.5 million PHA, valued at $480,000, with an average price of $0.139.
MANTA
0.28%
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2 hours ago MarsBit and 1 more media reports
According to Mars Finance, the Digital Economy Channel (ADEC) of ASEAN TV, built by the Digital Industry Department of ASEAN TV, covers more than a dozen ASEAN countries through the <LaoSat-1> satellite. ADEC is committed to creating and leading a new MediaFi track with borderless satellite communication, AI's ultimate efficiency, blockchain (Web3)'s transparency and credibility, and the solid anchoring of real-world assets (RWA). It is reported that ADEC has received $4.15 million in financing, and with the advancement of strategic cooperation, the platform's business connections and community recruitment have been launched, with ADEC's digital economy column about to be introduced.
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2 hours ago MarsBit and 1 more media reports
Mars Finance news, according to Coinglass data, the total network liquidation in the past 24 hours was $90,278,300, with long positions liquidated at $23,687,700 and short positions liquidated at $66,590,600. Among them, BTC long positions were liquidated at $448,100, BTC short positions were liquidated at $16,773,300, ETH long positions were liquidated at $3,604,900, and ETH short positions were liquidated at $18,555,600. Additionally, in the past 24 hours, a total of 45,028 people were liquidated, with the largest single liquidation occurring on Binance - <BTCUSDT> valued at $1,253,500.
BTC
0.58%
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2 hours ago Foresight News
On this day in 2021, Trump stated, "Bitcoin is a scam, I don't like it because it is a currency that competes with the dollar."
BTC
0.58%
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2 hours ago MarsBit and 1 more media reports
Mars Finance News, on June 8, 10x Research reported that Bitcoin is below the 7-day moving average (bearish), but above the 30-day moving average (bullish), with a weekly price change of a 2.5% decline, partly due to the public dispute between Musk and Trump leading to a $308 million long position liquidation. Uncertainty in US trade policy and cooling labor market also put pressure on Bitcoin, keeping its price flat at $105,100. Institutional demand remains strong, with US spot Bitcoin ETF recording $9 billion in inflows over five weeks. However, increased profit-taking by long-term holders has put pressure on prices. The market is beginning to realize that crypto stocks are breaking away from Bitcoin's flat performance, with the total market value of publicly listed crypto companies now exceeding $30 billion, and institutional capital making directional bets. <Circle>'s highly anticipated IPO and Robinhood's surging crypto revenue are pointing to structural changes, with retail investors abandoning direct Bitcoin purchases due to high prices and instead chasing Bitcoin exposure through cheaper crypto stocks. Although <Circle>'s valuation seems high, the success of its IPO reflects the strong demand brought by increased regulatory clarity. A simple regression analysis shows that Coinbase's stock is currently 18% below fair value. Robinhood maintains a strong upward trend, and <Galaxy Digital> may also be undervalued.
BTC
0.58%
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2 hours ago Followin Flash News
1. Trump: No intention to repair relationship with Musk, will face "serious consequences" if he funds the Democratic Party;
2. Musk deleted the tweet about "Trump appearing in Epstein files";
3. "Jeon Ji-hyun's husband lost 150 billion won in cryptocurrency trading" trending on Weibo, currently ranked 29th, involving WEMIX, a virtual currency issued by the subsidiary of Korean game company Wemade;
4. Cetus announces restart at 9 am today, with liquidity pool recovery rate between 85% and 99%;
5. Argentine anti-corruption department ruled: President Milei's promotion of LIBRA token does not violate moral law;
6. BlackRock's ETHA has seen consecutive 10-day capital inflows, with a cumulative net inflow of $507 million;
7. UMA, ENA, ONDO, and other #Circle concept coins continue to rise;
8. Bitcoin Core releases BTC core development and transaction relay strategy statement;
9. Ethereum ETF has seen 15 consecutive days of net capital inflows, creating the longest net inflow period since November 2024. Cumulative net inflow has reached $3.33 billion.
WEMIX
1.81%
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2 hours ago Blockbeats and 1 more media reports
On June 8, according to <TheBlock>, the ETH ETF has seen net capital inflows for 15 consecutive days, creating the longest net inflow period since November 2024. Cumulative net inflows have reached $3.33 billion, an increase of $820 million compared to before the current inflow started on May 16. BlackRock's ETHA added nearly $600 million during this period, with Grayscale's ETHE and ETH having the largest total scale of $4.09 billion.
ETH's price has risen 40% in the past month, but JPMorgan analysts believe: "Data shows that the current on-chain user activity has not yet broken through the level before the Pectra upgrade, and the benefits brought by the Pectra upgrade have not been fully realized." Bloomberg ETF analyst Eric Balchunas stated, "When institutional funds form a continuous inflow trend, they can often offset the impact of short-term market sentiment fluctuations."
ETH
0.81%
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2 hours ago Foresight News and 4 more media reports
According to Foresight News, BiT Global agreed to withdraw the lawsuit against Coinbase regarding the delisting of wBTC, which was filed shortly after Coinbase launched its competitor cbBTC. Documents show that BiT Global's lawyers agreed to withdraw the lawsuit and are prohibited from refiling. Both parties agreed to bear their own legal costs incurred by the litigation. Previously, BiT Global became a "strategic partner" supporting BitGo, backed by Justin Sun, and provided wBTC services. Coinbase's Chief Legal Officer Paul Grewal stated on social media that this victory confirms Coinbase's clear right to manage user safety and risk. According to CoinGecko data, wBTC currently has a market capitalization of approximately $13.6 billion, while Coinbase's cbBTC has a market cap of about $4.7 billion.
WBTC
0.6%
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