According to BlockBeats, data from the 'Federal Reserve Watch' by CME indicates that there is an 87.6% probability that the Federal Reserve will maintain the current interest rates in August. The data also suggests a 12.4% chance of a 25 basis point rate cut. The Federal Reserve's decisions on interest rates are closely watched by investors and economists worldwide, as they can significantly impact global financial markets. The current data suggests a high likelihood of stability in the interest rates for the upcoming period. However, there is still a minor possibility of a rate cut, which could potentially stimulate economic activity but may also lead to inflationary pressures. The Federal Reserve will continue to monitor economic indicators to make the most informed decision.

According to Odaily, Quinn Thompson, the founder of Lekker Capital, a cryptocurrency hedge fund, has advised against investing in altcoins at this time. Thompson pointed out several indicators of market instability, including high leverage and open contracts, a lack of panic buying, and a stagnation in the supply of stablecoins. He believes that the market is experiencing increasing selling pressure, particularly from risk investment funds that need to raise funds, resulting in more sales than purchases. This situation, coupled with low summer trading volumes, makes it difficult for altcoins to gain traction. Thompson's advice comes as a cautionary note for investors considering altcoin investments amidst the current market volatility.

According to BlockBeats, on June 16, Neel Kashkari, a member of the US Federal Reserve, stated that more evidence is needed to show that inflation is cooling down. He suggested that a rate cut might be considered by the end of the year. Kashkari's comments come amid ongoing discussions about the state of the US economy and the potential need for adjustments to the Federal Reserve's monetary policy. The possibility of a rate cut by the end of the year indicates that the Federal Reserve is closely monitoring economic indicators and is prepared to take action if necessary. However, Kashkari emphasized that more evidence is needed to confirm that inflation is indeed slowing down. This suggests that any decisions regarding a rate cut will be data-driven and will depend on the economic trends observed in the coming months.

According to Odaily, dYdX has announced that its version 4 (v4) is now accessible on both iOS and Android platforms. The announcement was made on platform X, where dYdX shared the news of the latest version's availability. This development marks a significant step for dYdX, expanding its reach to mobile users across two of the most widely used operating systems globally. However, the details about the new features or improvements in dYdX v4 compared to its previous versions were not disclosed in the announcement. The company is expected to provide more information about the update in the coming days.

On Jun 16, 2024, 14:13 PM(UTC). According to Binance Market Data, BNB has crossed the 610 USDT benchmark and is now trading at 610.099976 USDT, with a narrowed 0.43% increase in 24 hours.

On Jun 16, 2024, 14:09 PM(UTC). According to Binance Market Data, Ethereum has crossed the 3,600 USDT benchmark and is now trading at 3,601.449951 USDT, with a narrowed 1.17% increase in 24 hours.

According to Odaily, Uniswap Labs has initiated a survey on platform X regarding the addition of new features in the Uniswap mobile application. The proposed features include in-app bridging support, the ability to pay gas with any token, viewing LP positions, and price alerts. As of now, the feature with the highest support is the ability to pay gas with any token. The survey is still ongoing, and the final results will determine which features will be implemented in the Uniswap mobile application.

According to CNBC, Bitcoin exchange-traded funds (ETFs), which launched in January, are slowly being adopted by financial advisors, says Samara Cohen of BlackRock. Currently, around 80% of Bitcoin ETF purchases are likely made by self-directed investors through online brokerage accounts. The iShares Bitcoin Trust (IBIT) was one of the funds that debuted earlier this year. Cohen, who is BlackRock's chief investment officer of ETF and index investments, mentioned that hedge funds and brokerages have also been buyers, as per last quarter's 13-F filings. However, registered investment advisors have been more cautious. CNBC recently surveyed its Advisor Council to understand their hesitance towards these new products, which offer a regulated and familiar investment product for a new asset class that has attracted significant interest in recent years. The reasons varied from Bitcoin's infamous price volatility to the cryptocurrency being too new to have a substantial track record. Regulatory compliance and the crypto's reputation for fraud and scandal were also concerns for advisors. Cohen referred to these cautious financial advisors as 'wary', stating that their job is to construct portfolios, perform risk analysis and due diligence. Cohen views Bitcoin ETFs as a bridge between crypto and traditional finance, especially for investors interested in allocating to Bitcoin without having to manage their risk across two different ecosystems. Prior to the ETFs, the existing entry points into crypto were insufficient for some investors' needs. Alesia Haas, Coinbase's chief financial officer, stated that Bitcoin is 'on a slow journey of adoption'. Blue Macellari, head of digital assets strategy for T. Rowe Price, suggested that some investors consider a 1% allocation to be a safe, comfortable amount. She sees portfolio allocations into Bitcoin as binary events, either greater than 1% or zero, but also recognized the cautious approach towards adoption.

According to PANews, data from Token Unlocks indicates that next week will see a one-time unlocking of tokens such as ID, PIXEL, APE, and others, with a total release value exceeding $88 million. ApeCoin (APE) is set to unlock approximately 15.6 million tokens on June 17 at 8 a.m. Beijing time. This represents 2.48% of the current circulating volume and is valued at approximately $15.8 million. Nym (NYM) will unlock approximately 2.96 million tokens at the same time, representing 0.37% of the current circulating volume and valued at approximately $400,000. Manta Network (MANTA) will unlock approximately 6.67 million tokens on June 18 at 5:30 p.m. Beijing time. This represents 2.05% of the current circulating volume and is valued at approximately $8.3 million. Pixels (PIXEL) will unlock approximately 54.38 million tokens on June 19 at 6 p.m. Beijing time. This represents 7.05% of the current circulating volume and is valued at approximately $20 million. Finally, SPACE ID (ID) will unlock approximately 78.49 million tokens on June 22 at 8 a.m. Beijing time. This represents 18.23% of the current circulating volume and is valued at approximately $44 million.

According to Odaily, recent data from Geniidata reveals that the total number of Rune addresses has reached 613,243. Among these, nearly 20 Rune projects have more than 10,000 addresses each. The Rune project with the most addresses is RUNES•X•BITCOIN, boasting a total of 104,856 addresses. The data indicates a significant interest in Rune projects, with a substantial number of addresses holding these digital assets. The RUNES•X•BITCOIN project, in particular, has demonstrated a high level of engagement, with its number of addresses surpassing 100,000. This information provides a snapshot of the current state of Rune holdings, highlighting the popularity of certain projects and the overall growth of the Rune ecosystem. It is a testament to the increasing adoption of Rune and its associated projects in the digital asset space.

According to U.Today, the British Red Cross has recently begun accepting Shiba Inu (SHIB) as a form of donation. This move is part of a partnership with the Giving Block, a platform that facilitates cryptocurrency donations. Shiba Inu, known as the second-largest meme coin globally, is continually seeking new ways to add value for its holders. Donors can contribute Shiba Inu to the Red Cross with charges ranging from 1% to 3.9% through the Giving Block, depending on the donation amount. The funds collected are then transferred to the British Red Cross on a weekly basis. This development is part of a broader trend of humanitarian organizations embracing cryptocurrencies. The Red Cross, in particular, has shown a willingness to adopt digital currencies in various countries, from the U.S. to Singapore. The inclusion of Shiba Inu as a payment option by the Red Cross is seen as a mutually beneficial move. It not only provides additional value to SHIB holders but also helps to attract mainstream support for the organization, regardless of investment preferences. The core team behind the Shiba Inu protocol is constantly exploring new ways to stimulate demand for the digital asset. While donations are voluntary, they can potentially increase the usage of Shiba Inu and provide more reasons for people to explore its commercial value. The combined effect of this latest development, along with other Shibarium-backed use cases, could potentially trigger a significant increase in the price of Shiba Inu in the long term.

According to U.Today, a trader of PEPE tokens recently sold his entire holdings of 114.7 billion tokens for 366.5 ETH, equivalent to approximately $1.27 million. The trader had initially acquired these tokens on May 14 and May 15, when the price per token was $0.000011, amounting to a total investment of $1.27 million. At the time, PEPE was gaining popularity in the crypto market, and the price later surged to an all-time high of $0.00001718 about two weeks later. On May 27, the price of PEPE broke through the $0.000017 mark, increasing the value of the trader's holdings to $1.94 million. This represented a potential profit of $670,000 or a 50% gain. However, the trader chose not to sell, possibly in anticipation of further price increases. This decision proved to be costly as the price of PEPE began to decline, eventually falling below the trader's breakeven point of $0.000011. In response to the sustained drop in PEPE's price, the trader decided to sell all 114.7 billion tokens at a breakeven price, yielding 366.5 ETH, nearly equivalent to his initial investment of $1.27 million. While the trader did not suffer a financial loss, the missed opportunity for a substantial profit highlights the importance of timing the market correctly. Market timing has often been found to significantly influence trading outcomes. At the time of writing, PEPE had dropped 0.79% in the previous 24 hours to $0.00001204. The frog-themed cryptocurrency has been on a slow decline since reaching an all-time high of $0.0000171 on May 27. PEPE hit a low of $0.00001057 in the previous trading session as profit-taking continued and the market experienced a slump before rebounding quickly.

According to U.Today, Michael Saylor, the chairman of MicroStrategy and a Bitcoin advocate, has made a bold statement that Bitcoin is set to revolutionize and potentially dismantle the existing fiat financial models. Saylor made these remarks at the BTC Prague event, where he highlighted Bitcoin's growing adoption and extraordinary performance as key factors in this transformation. Saylor passionately argued that Bitcoin would render obsolete all existing financial and political models, fundamentally reshaping the systems that have been in place for millennia. He stated, “All your models will be destroyed, your political models, everything we learned over 10,000 years.” He criticized modern statisticians who attempt to make financial projections using outdated methods, comparing them to medieval warriors using bows, arrows, chariots, and elephants in a battle against an adversary equipped with explosives, aircraft, and other advanced weaponry. In Saylor's view, Bitcoin represents this sophisticated and disruptive force in the financial sector. He believes that the current financial system stands no fighting chance to resist the impending change that is certain to occur. Saylor has consistently advocated that investors explore Bitcoin by adopting a disciplined approach to investment. While highlighting the pros, he also warns against the pitfalls of trying to time the market or making large, speculative bets. Saylor maintains that a true understanding of Bitcoin's potential reveals its capacity to disrupt and destroy conventional financial models. He likens Bitcoin's impact to a powerful and unstoppable entity. In a recent post, following Bitcoin's surge to $71,000, Saylor urged investors to “Join the Swarm,” a reference to aligning with the rapidly growing global community of BTC believers and holders.

According to U.Today, a significant update about the Shiba Inu collectible card game, Shiba Eternity, was recently shared by Shiba Inu team member Lucie. The play-to-earn version of Shiba Eternity is nearing its launch, and enthusiasts can already get a feel of the game through its mobile version. In this version, players can participate in training activities, play the game, and earn Kibbles. However, the blockchain version of Shiba Eternity is set to offer a completely new gaming experience with unique features that will distinguish it from the mobile version. Lucie shared some potential features of the blockchain version, which is expected to prominently feature the upcoming Shiba Inu token, Treat. Although the specifics are yet to be revealed, Treat tokens could be crucial to the game's mechanics and rewards. The blockchain version is also likely to incorporate BONE, another token in the Shiba Inu ecosystem. This feature would allow users to make in-game purchases using BONE, potentially increasing the utility and demand for the token. Ownership of Shiboshis, the exclusive Shiba Inu NFTs, will be a key aspect of Shiba Eternity. Players will only be able to play with specific Shiboshis if they own the corresponding NFT or rent it from holders. This mechanism could create a potential rental market within the game. The Kibbles earned in the mobile version will be converted into TREAT in the blockchain version, aligning with the in-game economy and enhancing the overall gameplay experience. The blockchain version could potentially revolutionize how players interact with the Shiba Inu ecosystem. According to Lucie, it might drive transaction volumes and enhance token utility. The game's mechanics may include features that lead to SHIB burns, potentially reducing the circulating supply and increasing the token's value.

According to U.Today, Stuart Alderoty, the chief legal officer at Ripple, has responded to the recent filing by the U.S. Securities and Exchange Commission (SEC), stating that the agency is 'raging.' Alderoty contends that there are no victims to compensate and his company is currently 'thriving.' He also claims that the SEC has now dropped its demand for $2 billion in fines and penalties. Last week, Ripple referred to the Terraform case in a notice of supplemental authority to its opposition to the SEC's motion for remedies and entry of final judgment. Terraform Labs agreed to pay $4.47 billion to settle the SEC lawsuit. The SEC initially sought a $5.3 billion fine against the company, co-founded by well-known cryptocurrency entrepreneur Do Kwon. Unlike Terraform Labs, Ripple has not been accused of fraud, leading the company to argue that the SEC's demands are unreasonable and unprecedented. The San Francisco-based company previously argued that its civil penalty should be capped at just $10 million, a fraction of the sum originally requested by the SEC. However, the SEC maintains that such a low penalty 'would not satisfy the purposes of the civil penalty statutes.' The SEC argues that the comparison with Terraform Labs is not valid as the corporate defendant in that case is in bankruptcy. Furthermore, Terraform has agreed to destroy the keys to all of its crypto asset securities, and two of its board members who were in charge at the time of the violations will be removed. 'The SEC took all these factors into consideration when agreeing to a settlement, and repeatedly cited them as the facts relevant for the court to approve the settlement under applicable law,' the agency stated in its most recent filing.

According to U.Today, the Shiba Inu community, also known as the 'Shib Army,' has been warned about a rise in fake accounts and impostors. These scammers are impersonating well-known figures within the community. A dedicated Shiba Inu-focused account, ShibArmy Scam Alerts, has issued a critical warning about this issue. The account flagged a fake account impersonating a prominent community member, Xanders Shib. This incident is not an isolated one, but part of a growing trend of scammers creating accounts to provide misleading information, misdirect to fake websites, request funds for emergencies, or even obtain personal details for malicious use. The Shiba Inu community is urged to exercise extreme caution. Members are advised to verify the authenticity of accounts before engaging with them. It is important to note that no genuine member of the Shiba Inu team will ever reach out via private messages to request wallet synchronization or personal information. Shiba Inu community members are also advised to take extra precautions to stay safe. They should ensure they are connected with official and verified accounts and avoid newly created ones. They should also be wary of private messages and unknown links. The community is advised against clicking on links or scanning QR codes from unknown or suspicious sources, as these could lead to phishing websites that might steal user information. The Shiba Inu community should report any suspicious activity; if they encounter a fake account or receive suspicious messages, they should report them to the appropriate authorities and warn fellow community members. As the popularity of Shiba Inu continues to grow, so does the risk of scams targeting its community. By remaining cautious and verifying before taking any action, Shiba Inu holders can protect themselves and their assets.

According to U.Today, Shibarium, the blockchain network associated with the Shiba Inu token, has demonstrated a significant increase in on-chain activity. Over the past week, the daily transaction volume on the network has surged by 441%, rising from 2,990 to 13,191. This increase in Shibarium activity is likely due to the recent surge in attention to Shiba Inu tokens amid market fluctuations, leading to an increased demand for transactions and subsequently higher transaction fees. In the past day alone, transaction fees paid in BONE, the network's native token, have increased by 176%. This surge in transactions is a positive development for the SHIB community as it leads to more SHIB tokens being burned. This reduces the overall supply and could potentially increase the value of the remaining tokens. Shibarium operates by using BONE tokens as a gas fee. Each transaction on the network burns a portion of SHIB by converting a part of the BONE fee and sending it to a dead wallet. Furthermore, the number of active accounts on Shibarium has increased from 798 to 836 during the same period. This suggests that existing users are becoming more engaged with the network, contributing to its dynamic growth, despite a slight decline in the number of new accounts. The network's impressive performance this week underscores its growing importance and utility within the Shiba Inu community and is a strong indicator of the network's potential and the confidence of its users.

According to U.Today, the cryptocurrency market is currently experiencing selling pressure, with Cardano, the 10th-largest cryptocurrency, also feeling the impact. As of the time of writing, Cardano (ADA) had decreased by 2.38% in the previous 24 hours, bringing its value down to $0.411. Recent on-chain data has identified a crucial support level for ADA, highlighting a significant price range where a large volume of ADA was bought. On-chain analytics by IntoTheBlock have identified the next critical support level for Cardano to be between $0.371 and $0.403. This range is significant as it represents a zone where 2.6 billion ADA were bought by 251,280 addresses, with the average buying price within this range being approximately $0.386. The concentration of buying activity within this price range typically suggests that a significant number of investors are likely to defend this price zone, providing a robust support level for Cardano. This support zone could potentially halt the current downward trend and provide a basis for a price rebound. Notably, this support halted ADA's price decline during the mid-April Washout. ADA is currently trading just above this key support zone, with recent price action testing these levels. A sustained price above $0.386 could indicate that the market is respecting on-chain data signals, possibly leading to a consolidation or upward movement. Conversely, a break below this range might lead to further declines. As the market awaits ADA's next price move, on-chain data has provided a clear indication of where the next support might be found. Whether this support zone will hold or give way under market pressure remains to be seen, but it undoubtedly represents a key area to watch in the coming days.

According to U.Today, Peter Brandt, a seasoned trader in the cryptocurrency world, recently shared a video highlighting a discussion by Jack Mallers, CEO of Strike, at a recent BTC Prague event. Mallers emphasized the importance of understanding the proof-of-work (PoW) concept and the decentralized peer-to-peer (P2P) network that Satoshi Nakamoto, the creator of Bitcoin, envisioned. Mallers provided a detailed explanation of PoW, a key component of the Bitcoin network. He explained how PoW prevents double-spending, ensures consensus, and secures the network by requiring miners to solve complex mathematical problems to validate transactions and add them to the blockchain. In addition to discussing PoW, Mallers also talked about the original Bitcoin concept proposed by Nakamoto. He highlighted how the architecture of the decentralized P2P network reduces the need for a central authority, thereby increasing transparency and reducing the risk of fraud. Mallers' discussion is not just historical but is actively shaping current and future procedures in the cryptocurrency world. The decentralized nature of Bitcoin sets it apart from traditional financial systems. These concepts are crucial for anyone involved in the industry, from developers to traders. Brandt's sharing of this video underscores the importance of these core concepts. His support suggests that even for experienced market players, understanding the fundamental ideas behind Bitcoin is vital. However, the average digital asset user may not be as committed to these core principles laid out by Nakamoto, which could pose future challenges for the industry.

According to BlockBeats, on June 16, CVX saw a short-term breakthrough, surpassing $2.9 before falling back. The current price stands at $2.548, marking a 24% increase in the past 24 hours. This sudden surge and subsequent fall in price highlight the volatile nature of the cryptocurrency market. Despite the drop, the overall increase in value over the past day indicates a positive trend for CVX. However, as with all investments, potential investors should exercise caution and conduct thorough research before making any decisions. The cryptocurrency market is known for its unpredictability, and while the recent increase in CVX's value is promising, it is essential to remember that prices can fluctuate rapidly.