Daily | Nearly 41% of the first 10,000 ZK airdrop addresses have been sold; 6 Hong Kong virtual asset ETFs today’s trading volume is approximately HK$17.1627 million; DOGE bulls suffered a liquidation of US$60 million, the largest loss since 2021

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Important information:

Data: Almost 41% of the first 10,000 ZK airdrop address have been sold

Data: Doge multi -headed encounter $60 million liquidation, largest loss so far in 2021
Idaho Republican proposal: Promote Bitcoin policy and oppose the creation of a CBDC
FTX bankruptcy victims seek court ruling that $8 billion in assets belong to customers, not bankruptcy Property
Data: Today’s trading volume of 6 Hong Kong virtual asset ETFs is approximately HK$17.1627 million
Korea Financial Services Commission: Will not directly participate in the token inspection and delisting process
Ixia Capital launches US$20 million Game venture capital fund, focusing on high-growth projects in Web3 and encryption fields
10x Research: The selling pressure caused by the large-scale unlocking of altcoins is dragging down Bitcoin
"What important events have happened in the past 24 hours?"

Data: Nearly 41% of the first 10,000 ZK airdrop addresses have been sold

According to Cointelegraph, Nansen data shows that among the “top 10,000 addresses” that received ZK airdrops, Nearly 41% of addresses sold the entire airdrop, while 29.2% sold at least some of the tokens. The total sales volume of the two groups exceeded 486 million ZK.

Data: DOGE bulls suffered $60 million in liquidations, the largest loss since 2021

According to CoinDesk, Dogecoin (DOGE) has experienced the most recent market volatility since 2021 The largest wave of liquidations resulted in liquidations of up to $60 million in long positions. Coinanlyze data shows that almost all DOGE liquidation activity in the past 24 hours came from long positions, with only short positions worth about $600,000 being liquidated.

Idaho Republican Proposal: Promote Bitcoin Policy and Oppose Creation of CBDC

According to BitcoinMagazine, the Idaho Republican Party issued a proposal proposing to implement Bitcoin policies and oppose the creation of CBDC. The proposal stated: “We oppose the creation of central bank digital currencies and the regulation or excessive taxation of decentralized digital currencies such as Bitcoin. Taxes, we affirm individuals’ right to use cash, precious metals and decentralized digital currencies for commerce and exchange”

FTX bankruptcy victims seek court ruling that $8 billion in assets belong to customers, not the bankruptcy estate

FTX bankruptcy victims are seeking a ruling that the collapsed cryptocurrency exchange’s forfeited assets (approximately $8 billion) belong to its customers, according to documents filed Friday in the U.S. District Court for the Southern District of New York. Not a bankruptcy estate. Last month, the FTX receivership proposed a new restructuring plan that would see 98% of creditors recover 118% of their claims in cash within 60 days of court approval. But the scheme left many FTX customers thinking they were missing out on an opportunity to profit from rising cryptocurrency prices.

Data: The trading volume of 6 Hong Kong virtual asset ETFs today is approximately HK$17.1627 million

Hong Kong stock market data shows that as of the close of trading, the trading volume of 6 Hong Kong virtual asset ETFs today is approximately HK$17.1627 million, including: The trading volume of ChinaAMC Bitcoin ETF (3042.HK) was HK$4.48 million; The trading volume of ChinaAMC Ethereum ETF (3046.HK) was HK$3.02 million; The trading volume of Harvest Bitcoin ETF (3439.HK) was 6.41 million Hong Kong dollars; Harvest Ethereum ETF (3179.HK) trading volume was 1.4 million Hong Kong dollars; Boshi HashKey Bitcoin ETF (3008.HK) trading volume was 1.31 million Hong Kong dollars; Boshi HashKey Ethereum ETF (3009) .HK) transaction volume was HK$542,700.

Korea Financial Services Commission: Will not directly participate in the token inspection and delisting process

According to local media EBN, South Korea’s Financial Services Commission (FSC) announced that it will not directly participate in the token inspection and delisting process. Inspection efforts for listed cryptocurrencies. There were previous rumors that South Korea’s financial regulator plans to delist crypto assets that do not meet listing requirements by July this year. The FSC said it only inspects cryptocurrency operators and not tokens directly. Final announcements on token inspections and delisting will be made by each cryptocurrency exchange and the Digital Asset Exchange Alliance of Korea (DAXA), an advisory body for digital asset exchanges in South Korea.

Ixia Capital launches US$20 million gaming venture capital fund, focusing on high-growth projects in Web3 and encryption fields

According to gamblinginsider, Ixia Capital has launched a US$20 million global gaming venture capital fund to cultivate high-growth projects in the gaming, e-sports, Web3 and encryption fields. The fund plans to support 25 startups within five years and will provide Strategic guidance and operational support. It is reported that Ixia Studio is currently launching six projects, including a sports NFT trading platform, a gaming loyalty rewards platform, a sports investment thought leadership platform, and sports reporting and game participation applications.

10x Research: Selling pressure from large altcoin unlocks is dragging down Bitcoin

0x Research said in a report that cryptocurrencies, especially altcoins, have fallen sharply. The market had a hard time digesting the massive token unlocks of Aptos $97 million, IMX $51 million, STRK $75 million, SEI $62 million, ARB $90 ​​million, APE $18 million, and UNI $90 million, for a total of $483 million. Early investors and venture capitalists appear to be under pressure to cash out, and these token flows are weighing on Bitcoin. Bitcoin miners have begun selling their Bitcoin stocks, with ETH balances on exchanges increasing significantly by $2.5 billion, which has previously been linked to potential selling pressure. Despite improving inflation data, Bitcoin ETFs saw significant outflows (5-day average outflows of $660 million) as overall net outflows across all sectors (stablecoins, futures leverage, ETFs, etc.) were $2.4 billion, which is Net flows fell for the third week since the ETF launched in January 2024. With SOL-USDT falling below key trend levels and support lines, SOL may face more downward pressure, with some analysts pointing out that it may fall to $100.

Sources: People associated with Trump have been planning to launch a digital currency for two months

According to FOX Business, it cannot be confirmed whether Solana’s meme token DJT is related to Trump has direct or indirect ties, but industry sources say people associated with the former president have been planning to launch a digital currency for at least two months.

TD Cowen: Biden’s nomination of two CFTC commissioners to other positions may affect the CFTC’s cryptocurrency policy

According to The Block, investment bank TD Cowen said that President Biden’s nomination of two U.S. A move by the head of the Commodity Futures Trading Commission (CFTC) could affect the agency’s approach to cryptocurrencies in the future. Last week, Biden nominated CFTC Commissioner Christy Goldsmith Romero to head the Federal Deposit Insurance Corporation (FDIC) and Kristin Johnson to serve as Assistant Secretary for Financial Institutions at the Treasury Department. Both commissioners pushed for the agency to introduce rules or guidelines to protect consumers and address conflicts of interest in cryptocurrencies. If Romero and Johnson are successful in their new roles, the CFTC will be left with Democratic Chairman Rostin Behnam and Republican Commissioners Caroline Pham and Summer Mersinger, giving the Republican majority. In light of the change, the Biden administration will quickly fill both vacancies, TD Cowen said in a report on Monday. However, a replacement likely won't be confirmed until the fall.

"What are some great articles worth reading in the past 24 hours"

Crypto is over? Coin Circle 618? What is the main problem with this market?

"Is crypto over? Have you made money in this bull market?" Before talking about this round of market conditions, let us review the rules of the last bull market and the A-share bull market

The vague right is far better than the precise wrong. Here is a guide to escape from the top of the crypto market

Those who can buy are only apprentices, those who can sell are masters, and they will explain the secrets of the market in one sentence. Imagine that when you buy a position, it brings profits at the beginning, and then keeps soaring, with huge floating profits, and you are full of joy. You fully think that your psychological price will be reached, and you think that the next craziness is about to come.

As a result, the market came to an abrupt end. At this time, you think that the market is just consolidating and fluctuating. Not long after, the stock price fell sharply again, and most of the profits were lost.

I’m not willing to sell it, I’m afraid that it will be sold out. If you don't sell, you just hold on. As a result, the cruel lesson of the market finally comes, and it starts to fall below the cost price. You think it's the end, but it falls by 30%. You choose to buy at the bottom again, but it falls by another 20%. At this time, you have been seriously trapped and have no bullets. Just after you reluctantly cut your flesh, it was exactly the bottom range of the market, and the market began to slowly climb.

Failure to take profit will lead to a sharp retracement of profits, or even end up with a loss. Every novice who enters the market must have experienced it, and even some veterans cannot escape the curse of market sentiment.

This article will focus on the interpretation of the top escape selling indicator. I hope readers can better grasp the timing of selling under the general market after digesting and understanding it.

No chance on Farcaster?

Over the weekend, an article from Fortune magazine stated that Farcaster will launch tokens like most protocols, allowing Farcaster’s daily activity data, which has been in a downward trend for the past half month, to pick up again. On May 22, Farcaster completed a US$150 million financing led by Paradigm at a valuation of nearly US$1 billion. This news brought Farcaster, which had aroused market enthusiasm at the beginning of the year, and its largest front-end application Warpcast to once again attract attention. It reached an all-time high one day after the funding was announced.

Break down the history of Bitcoin billionaires’ fortunes and reveal the secret of a new round of wealth

Many early investors in Bitcoin have now become billionaires, ranking among the richest people in the world . However, their assets may pale in comparison to the vast wealth that Satoshi Nakamoto would have owned.

The rapid rise of Bitcoin and the entire cryptocurrency industry has made several early investors become billionaires.

After Bitcoin’s price surge in late 2020, the Winklevoss brothers have once again joined the ranks of Bitcoin billionaires.

However, the wealth of Satoshi Nakamoto, the founder of Bitcoin, is even more amazing, estimated to be as high as $40 billion, which is unattainable.

Since Bitcoin led the cryptocurrency revolution in 2009, the field has grown rapidly. While some early adopters used Bitcoin to buy pizza, the cryptocurrency has mostly become a proxy for wealth.

First Bitcoin Theft: 25,000 Bitcoins Stolen from a Crypto OG Due to Leaked Secret Keys

Allinvain mined Bitcoin when the price was below $0.05 and owned 25,000 Bitcoins. This article takes you through the largest robbery in the history of cryptocurrency: the tragic story of Allinvain’s loss of $1.6 billion.

In 2010, Allinvain founded one of the first Bitcoin exchanges, Bitcoin Express. Bitcoin Express allows users to purchase BTC using PayPal. Allinvain sold 1,000 BTC for $5. That’s $0.005 per BTC.

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