source avatarFXH.AI

Share
Share IconShare IconShare IconShare IconShare IconShare IconCopy

Daily Briefing on #Feixiaohao ! June 3 Info Newsletter Popular Rankings: BTC (Bitcoin): Currently priced around $66,760. Hit hard by macro geopolitical risks and whale-selling pressure, it plunged below the $67,000 mark in a single day, triggering over $1 billion in total liquidations network-wide. The Market Fear & Greed Index plummeted to 11 (Extreme Fear). ETH (Ethereum): Currently priced around $1,860. Dropped heavily by over 6% alongside the broader market, losing its crucial $1,900 support level as spot ETFs continue to face capital outflow pressures. MSTR (Strategy Inc.): The rare Bitcoin sale disclosed yesterday has triggered a cascading stampede effect, with selling pressure concerns continuing to ferment intensely across the crypto community. XMR (Monero): Showcased incredible resilience amidst the extreme market-wide crash, ticking slightly upward to serve as a temporary safe haven for risk-averse capital. USDC: Global payments giant Mastercard dropped a bombshell announcement today, revealing support for USDC as an all-weather on-chain settlement asset, significantly boosting its utility expectations. Top Gainers (Bucking the Trend): (Note: Battered by spreading panic and a cascading wave of long liquidations in the derivatives market, the broader crypto market took a heavy beating today, with the vast majority of the top 100 coins recording deep losses. Below are the few assets that showed strong resilience.) XMR (Monero): +0.46% (Ticking up slightly amidst extreme market panic, highlighting its unique risk-off hedge properties) RLUSD (Ripple USD): Catalyzed by News (As one of the first stablecoins chosen by Mastercard for its settlement network expansion, ecosystem interest has surged) USDC / USDT: Safe-Haven Inflows (Massive long liquidations and heavy spot selling drove capital rapidly back into stablecoin pools, spiking on-chain interaction volumes) Hot Flash News: Market Shock: BTC Breaks $67,000 as Total Crypto Liquidations Blitz Past $1 BillionCompounded by worsening geopolitical tensions in the Middle East, cooled macro rate-cut expectations, and relentless spot ETF outflows, Bitcoin (BTC) accelerated its downward spiral today. Falling over 6% in a single day, it bottomed out near $66,000. The derivatives market endured its worst "bloodbath" since February, with total long liquidations wiping out over $1 billion. The Crypto Fear & Greed Index plummeted to 11, marking a new year-to-date low for extreme panic. On-Chain Alert: Mt. Gox Wallet Awakens, Moves Over 10,000 BitcoinsOn-chain monitoring data reveals that the cold wallets belonging to the bankrupt exchange Mt. Gox woke up again today, transferring 10,423 BTC (valued at roughly $739 million) in a single transaction, alongside small test transfers to Bitstamp. The movement has raised grave concerns over an imminent dump from massive creditor distributions, further exacerbating the current liquidity crunch and panic selling. Ecosystem Milestone: Mastercard Fully Integrates Stablecoins for On-Chain SettlementWhile market prices are bleeding out, payment fundamentals just scored a historic breakthrough. Global payments giant Mastercard announced today an expansion of its network settlement capabilities, officially supporting the use of compliant stablecoins (including Circle's USDC, Paxos's PYUSD, and Ripple's RLUSD) for 24/7/365 all-weather on-chain settlement. The move is hailed as a major milestone for stablecoins transitioning into mainstream financial real-world use cases. Institutional Update: Coinbase Launches New Campaign Urging Users to 'Step Out of TradFi'In the face of extreme market volatility, Coinbase, the largest compliant US crypto exchange, launched a new brand marketing campaign today titled "Hidden in Plain Sight." The campaign aims to promote its diversified product matrix, including traditional stock trading and prediction markets, encouraging users to view the crypto ecosystem as a viable, long-term alternative that frees them from traditional financial systemic constraints, seeking to restore retail confidence during market adversity. More trending news: https://t.co/mqGSn7qU5C

No.0 picture
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.