Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn

Rhythm Morning News|A list of important news from last night and this morning on June 7

BlockBeats2024/06/07 03:28
By:BlockBeats

BlackRock IBIT had a net inflow of $347.1 million yesterday

BlockBeats news, on June 7, according to market monitoring, BlackRock IBIT had a net inflow of $347.1 million yesterday. This will make the overall US spot Bitcoin ETF get rid of the net outflow situation yesterday.


Arthur Hayes: The cryptocurrency bull market is awakening, long Bitcoin and then long altcoins

BlockBeats news, on June 7, BitMEX founder Arthur Hayes published the latest article "Group of Fools", he said that he had suggested in the previous article "The Easy Button" that the Federal Reserve (Fed) could exchange unlimited amounts of newly printed dollars with the Bank of Japan (BOJ) for yen to strengthen the yen.


However, the central banks of the Group of Seven (G7) decided to achieve this goal by reducing the interest rate spread between the yen and the US dollar, euro, pound and Canadian dollar. To this end, the G7 central banks (Fed, European Central Bank "ECB", Bank of Canada "BOC", Bank of England "BOE") with higher policy interest rates must cut interest rates.


Currently, the BOJ's policy rate is 0.1%, while other G7 countries' rates are between 4-5%. The interest rate differential fundamentally drives exchange rate changes. Since the BOJ holds more than 50% of the Japanese Government Bond (JGB) market, it cannot raise interest rates without causing catastrophic losses. This week, the BOC and ECB cut interest rates despite the G7's inflation rate being above target at 2%.


Arthur Hayes believes that this move is in response to the weakening of the yen and its potential risks to the global financial system. The G7 will meet in a week, and the communique after the meeting will be of great interest to the market. The Fed is not expected to cut interest rates at its upcoming June meeting, while the BOE may unexpectedly cut interest rates.


The trend is clear, and central banks have begun to ease monetary policy. These central bank policy changes will drive the cryptocurrency market out of the summer doldrums. "Go long Bitcoin, then go long altcoins. It's time to redeploy excess USD liquidity to altcoins." The cryptocurrency bull market is awakening.


MEME coin GME rose more than 90% in 24 hours, temporarily reported at $0.02136

BlockBeats news, on June 7, Solana ecosystem MEME coin GME rose more than 90% in 24 hours, temporarily reported at $0.02136.


The Ethereum ecosystem GME coin of the same name rose 180% in 24 hours, temporarily reported at $0.00006216.


Previously, the interface of Roaring Kitty's personal Youtube channel showed that it had preset a live broadcast to be held at 00:00 on June 8.


PIZZA is temporarily reported at $4.11

BlockBeats news, on June 7, according to Unisat data, BRC-20 five-character token PIZZA is temporarily reported at $4.11.


Base network TVL exceeds $7.9 billion, becoming the second largest Layer 2 network

BlockBeats news, on June 6, according to L2BEAT data, Base network current TVL reached $7.92 billion, an increase of 12.5% in the past week.


As a result, Base also surpassed OP Mainnet and became the second largest Layer 2 network.


Aethir: Airdrop claims will be launched next week, and communities such as Mad Lads need to bind EVM addresses in advance

BlockBeats news, on June 6, decentralized GPU cloud infrastructure Aethir tweeted that airdrop claims will be launched next week, and users of the Mad Lads, donald tremp and boden communities need to use money on the Aethir airdrop page to connect the badge to the Solana wallet and connect the EVM address to the personal profile at 18:00 Beijing time on June 9.


Ethena announced a deep integration with Aave, which will support USDe deposits and lending, etc.

BlockBeats news, Ethena announced an integration with Aave, users can deposit USDe in the Aave protocol and circulate their positions with other stablecoins on Aave. At the same time, stETH, weETH, ETH and WBTC can also be deposited on Aave to borrow Ethena USDe or sUSDe.


In addition, users can use USDe as collateral to earn 20x Sats, use sUSDe as collateral to earn 10x Sats (to be determined), use stETH, ETH, rETH, weETH as collateral to borrow GHO to enter USDe to earn 20x Sats, and use stETH, ETH, rETH, weETH as collateral to borrow USDC/T to enter USDe to earn 10x Sats.


Axelar (AXL) Foundation and Citibank, Deutsche Bank, Mastercard and others released a joint research report to explore the importance of interoperability for asset tokenization

BlockBeats news, on June 6, the Axelar Foundation and traditional financial giants such as Citibank, Deutsche Bank, and Mastercard released a joint research report entitled "Institutional Interoperability: How Financial Institutions Navigate the Multi-Chain World", which mainly discusses how to improve the accessibility and liquidity of tokenized assets while combining flexibility, privacy, transparency and scalability. It is worth noting that Deutsche Bank recently announced a partnership with Interop Labs to use Axelar to carry out interoperable blockchain projects.


This report provides a roadmap for financial institutions to develop opportunities for tokenized assets, which will face a complex array of public and private blockchains, as well as strict requirements imposed by customers and regulations.


Georgios Vlachos, Director of the Axelar Foundation and Co-founder of Axelar, said that tokenized assets must be interoperable by design, connecting assets recorded on off-chain ledgers with on-chain assets. The key is how we can facilitate potentially thousands of connections between on-chain and off-chain ledgers in a secure, scalable and open way. (financewire)


LayerZero CEO: The witch review is not yet completed

BlockBeats news, on June 7, LayerZero CEO Bryan Pellegrino posted on the social platform: "To those who ask when the witch (review) work will end" and attached a picture, "The work is not yet completed."


Market news: Kraken is negotiating pre-IPO financing

BlockBeats news, on June 7, according to Bloomberg Terminal, Kraken is negotiating pre-IPO financing.


Sandbox completes $20 million financing for Sandbox Metaverse at a valuation of $1 billion, led by Kingsway Capital and Animoca Brands

BlockBeats news, June 6, according to VentureBeat, the user-generated content metaverse platform Sandbox has raised $20 million in convertible debt financing, with a valuation of $1 billion. This round of financing was led by Kingsway Capital and Animoca Brands, with participation from LG Tech Ventures and True Global Ventures. Note holders can convert them into equity in Bacasable Global Limited under the same terms as existing preferred shares.


It is reported that the new funds will be used to continue to advance The Sandbox's vision of creating a decentralized virtual world where culture and games merge and the community can actively participate in and benefit from the development of the entire ecosystem.


Justin Sun spent another 15,000 ETH to buy LRT PT

BlockBeats news, on June 6, according to @ai_9684xtpa monitoring, Justin Sun redeemed 5,547 ETH from Lido 20 minutes ago, worth $21.32 million. Then he spent another 15,000 ETH to buy three LRT PTs (ether.fi / Puffer / Kelp) due on Pendle 06.27.


According to statistics, from June 4 to date, Justin Sun has invested a total of 48,000 ETH in Pendle, with a total value of $184 million.


a16z Crypto Investor: ZK Technology is Seriously Underestimated

BlockBeats news, on June 7, a16z Crypto investor Guy Wuollet said on social media that ZK technology is seriously underestimated, and explored its great potential in cryptocurrency and developer tools. Wuollet pointed out that ZK technology is expected to bring a series of innovative applications by analogy with the success of the iPhone.


He mentioned that the success of the iPhone lies in the combination of programmable mobile computers, GPS and high-quality cameras, which gave birth to applications such as Instagram and Uber. Similarly, ZK technology, especially zkVMs (such as Jolt), may bring similar revolutionary changes. He believes that DeFi protocols should adopt risk modeling in ZK and use more complex pricing functions.


In addition, blockchain and ZK proofs can enable people to have censorship-resistant AI companions and be used to prove simple machine learning models. Wuollet concluded that ZK technology can be used to build more complex DeFi protocols, censorship-resistant AI companions, or on-chain machine learning, calling on developers to pay attention to this emerging field.



欢迎加入律动 BlockBeats 官方社群:

Telegram 订阅群: https://t.me/theblockbeats

Telegram 交流群: https://t.me/BlockBeats_App

Twitter 官方账号: https://twitter.com/BlockBeatsAsia

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Stake to earn
CEC, QTLX, GDV and other popular new coins are in hot progress!
Stake now!

You may also like

Harris breaks silence: pledges to support cryptocurrency investment

Harris publicly expressed support for increasing investment in the artificial intelligence and cryptocurrency industries for the first time. Analysts believe that the Biden administration should be the last anti-cryptocurrency administration.

Jin102024/09/23 11:22

Bitget Futures Bot adds ARKUSDT

We are pleased to announce that Bitget Futures Bot has now added: ARKUSDT. Reference 1. Futures Bot 2. Crash course on Futures Grid Disclaimer Despite high growth potential, cryptocurrencies still face high risks and volatility. You are strongly advised to do your own research as you invest at your

Bitget Announcement2024/09/23 10:30