Rhythm Morning News｜A list of important news from last night and this morning on June 25

Bitcoin fell below $59,000 this morning, down 5.27% in 24 hours

BlockBeats news, June 25, according to OKX market data, Bitcoin fell below $59,000 this morning, and is now quoted at $60,226, down 5.27% in 24 hours.

Cryptocurrency Panic and Greed Index reached 30, and market sentiment returned to panic

BlockBeats news, June 25, according to Alternative data, today's cryptocurrency panic and greed index is 30 (yesterday was 51), and market sentiment has returned to panic for the first time since mid-September 2023.

Note: The panic index threshold is 0-100, including indicators: volatility (25%) + market trading volume (25%) + social media heat (15%) + market research (15%) + Bitcoin's proportion in the entire market (10%) + Google hot word analysis (10%).

The Biden administration rehired its former cryptocurrency adviser Carole House

BlockBeats news, on June 25, according to DL News, the Biden administration announced that Carole House, a key official who advised and co-wrote President Biden's 2022 executive order on cryptocurrencies and digital assets, has returned to the government. House will serve as a special adviser to the White House National Security Council, focusing on "critical infrastructure policy" and cybersecurity. “It’s an honor to serve again in shaping the future of a secure and trusted digital economy,” she said.

House’s return to the White House comes as Biden works to bolster his own credentials in the cryptocurrency space in response to former President Trump’s enthusiastic embrace of the digital asset industry. House most recently served as “executive in residence” at Terranet Ventures, a cryptocurrency-focused venture capital firm. She has extensive government experience, having served as an advisor to the Commodity Futures Trading Commission and the National Security Council.

Dave Grimaldi, executive vice president of the Blockchain Association, a cryptocurrency lobbying group, described House as a "pragmatic expert" and believed that her pragmatic approach would have a positive impact on the Biden team. House has always been moderately supportive of cryptocurrencies, emphasizing their potential for international economic applications while also emphasizing the need to strengthen law enforcement.

Trump has received about $60,000 in on-chain crypto donations

BlockBeats reported on June 24 that according to Fox Business Channel reporter Eleanor Terrett, Breadcrumbs.app data showed that Trump has received about $60,000 in on-chain cryptocurrency donations since the campaign began accepting cryptocurrencies on May 21.

This does not include off-chain donations through trading platforms such as Coinbase and Gemini. The relevant information will be provided when the campaign reports to the Federal Election Commission (FEC) at the end of the month, which will provide a clear picture of Trump's overall cryptocurrency donations in June.

LISTA breaks through $0.67, up more than 20% in 24 hours

BlockBeats news, on June 25, according to market data, LISTA broke through $0.67 and is now quoted at $0.6769, up 20.12% in 24 hours.

Mainstream tokens in the AI sector rebounded, and FET rose by more than 16% in 24 hours

BlockBeats news, on June 25, according to market data, mainstream tokens in the AI sector rebounded, including:

FET rose by 16.76% in 24 hours and is currently quoted at $1.658;

AGIX rose by 11.5% in 24 hours and is currently quoted at $0.6662;

OCEAN rose by 11.21% in 24 hours and is currently quoted at $0.667;

ARKM rose by 10.65% in 24 hours and is currently quoted at $1.963.

Arbitrum core governance staff proposed to enable ARB staking rewards to improve governance security

BlockBeats news, on June 24, according to the Arbitrum governance forum, Tally's core team member Frission proposed to use 50% of the remaining sorter fees in the future to reward ARB token holders who stake and actively delegate their tokens. The proposal focuses on the security of Arbitrum DAO's growing treasury. Based on current prices, the system is expected to provide stakers with an annual return of about 7%.

The proposal states that since only 10% of ARB is actively used for governance and voter participation is declining, the treasury may become a target of potential governance attacks. Frission's proposal aims to incentivize governance participation, enhance the economic security of the DAO and reduce the risk of attacks on the treasury.

It is reported that Snapshot plans to conduct a preliminary vote on the proposal next month. If approved, smart contract development will begin and the final on-chain vote may take place in September. (The Block)

STEPN GO will be launched on the App Store tomorrow

BlockBeats news, on June 24, social fitness app STEPN GO announced that its application will be launched on the Apple App Store, and users are expected to download it at 16:00 on June 25.

Circle CEO announces joining Web3 social platform Farcaster

BlockBeats news, on June 24, Circle co-founder and CEO Jeremy Allaire announced on the X platform that he has officially joined the Web3 social platform Farcaster, and his username is jda.eth.

DEX Screener launches token issuance platform Moonshot

BlockBeats news, on June 25, according to the official website, DEX Screener launched the token issuance platform Moonshot. It is reported that the tokens issued on the platform have no pre-sale, no insiders, and a fixed supply of 1 billion. Once the market value reaches 500 SOL, all remaining tokens and liquidity will be migrated to Raydium, and liquidity will be locked by destroying LP tokens.

DEX Screener officially stated that Moonshot does not have an X (original Twitter) account, so beware of being deceived.

Backpack will be launched on Zeta Markets (ZEX) on June 27

BlockBeats news, on June 25, according to official news, Backpack Exchange will be launched on the Solana ecosystem decentralized contract trading platform Zeta Markets (ZEX) at 18:00 Beijing time on June 27.

WikiLeaks founder Julian Assange has left the UK and will eventually return to Australia

BlockBeats reported that on June 25, WikiLeaks said on social media that on the morning of June 24, local time, WikiLeaks founder Julian Assange left Belmarsh Prison in London, England, where he had spent 1,901 days. He was granted bail by the High Court of London and was released at Stansted Airport in the afternoon, where he boarded a plane and left the UK.

BlockBeats previously reported that Assange reached a plea agreement with the US government, and prosecutors from the Department of Justice will seek a 62-month sentence, which is equivalent to the time Assange served in a high-security prison in London to resist extradition to the United States. The plea deal will deduct time already served and allow Assange to return immediately to his native Australia.

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