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2024-6-13 BTC NEWS Last night was a tale of two markets from 8:30 PM to 2:00 AM and from 2:00 AM to now. 1. $BTC shot up with a huge green candle from 67,000 to 70,000 after the CPI data release, then plunged from nearly 70,000 to 65,000 after Powell started speaking. It was a rollercoaster ride.
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2. @ionet showed an unrelenting upward trend, pulling up without a correction, making those spreading FUD cry. 3. $ETH followed $BTC's sharp rise and fall, with altcoins closely trailing.
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4. @zksync: Someone launched thousands of bots on X to smear the zkSync airdrop event. Question marks everywhere—do we really need bots for this? I’d like to say I'm not a bot, but I'm unsure about others.
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5. Insiders say Biden's campaign team is negotiating to accept cryptocurrency donations through Coinbase Commerce.
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6. Federal Reserve Chairman: More confidence in controlling inflation is needed to ease policies, with no commitment to a specific rate-cut path. Powell: No one is considering rate hikes as the baseline expectation. Powell: There's no greater confidence in inflation control to warrant rate cuts.
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The Fed announced no change in interest rates. The Fed's dot plot indicates only a 25 basis point rate cut in 2024.
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7. zkApes plans to join forces with Element and others to pressure zkSync, urging Binance and OKX not to list ZK yet. ZNS and WOOFi both questioned zkSync for not distributing airdrops to their users. Projects on zkSync are teaming up because they didn’t get airdrops 😂.
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8. @CatizenAI surpassed 17 million total users within two months of launch, with over 1 million on-chain users. Simply amazing!! 9. The DMM Bitcoin hacker transferred 500 BTC to two new addresses today, worth about $34 million.
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10. @azuroprotocol is entering the AI field, using Olas to predict sports event outcomes. Brothers, the European Championship is coming. Give it a try and aim for an airdrop.
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11. Ripple: The stablecoin RLUSD will launch later this year. 12. Aethir announced its distributed cloud computing network is live on the Ethereum mainnet. 13. GameStop short seller Citron Research will no longer short $GME, calling Roaring Kitty's livestream an insult to the capital markets.
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14. BNB Chain launched the third round of its “Airdrop Alliance Program,” distributing 2.3 billion points and over 8 million tokens. 15. Vitalik suggested expanding cryptocurrency functionalities in response to the dominance of meme coins in the narrative.
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16. Donald Trump called for “Made in America” BTC after meeting with Bitcoin miners. 17. @ionet $IO and @AethirCloud $ATH have become the #DePin indicators. Let’s see how they perform, as they represent mutual airdrops.
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The market is tough to play. Fortunately, I exited my short-term long positions yesterday, only leaving the long-term trapped positions😭.
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If I had chased it last night and held overnight, I would have been watching fireworks this morning. Still, I feel the market might be getting better, considering the stellar performance of the US stocks. So, related or not, spillover effects should show some positive impact, right?
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