BNB Rises on Growing Regulatory Clarity, Renewed Trading Activity
Coupled with strong accumulation patterns and substantial daily DEX volume, this suggests a potential bullish trend for BNB.
Coupled with strong accumulation patterns and substantial daily DEX volume, this suggests a potential bullish trend for BNB.
According to CoinDesk, cryptocurrency asset management company 3iQ has partnered with Swiss licensed institution Cryptonite Asset Management to launch the Active Management Certificate (AMC) product "3iQ Criptonite Multi Factor AMC". This hedge fund product adopts a long short strategy, dynamically capturing market opportunities for ups and downs, and is expected to be listed and traded on the SIX exchange in Switzerland. 3iQ was one of the first institutions to launch Bitcoin and Ethereum funds on the Toronto Stock Exchange. The CEO of Cryptonite stated that excellent fund managers in traditional markets are turning to the digital asset sector to achieve excess returns.
According to the popularity ranking, TRB's popularity has increased by 50000 followers compared to yesterday, ranking first. The popularity ranking is as follows: ① TRB ($49.55,-4.07%) ② LA ($1.15) ③ ETH ($2605.55,-1.18%) ④ LPT ($8.42,10.07%) ⑤ SOPH ($0.05400,-3.36%) TRB's main funds have strong buying power, with a net inflow of $60.7254 million within 24 hours and a transaction volume of $2.301 billion within 24 hours, of which the main funds had a net inflow of $21.9685 million.
Odaily Planet Daily News: Cryptoquant analyst Crypto Dan stated in an article that there is a significant difference in the trend of the current bull market cycle in the cryptocurrency market compared to 2017 and 2021. Despite being accompanied by short-term corrections and increases in the early stages, since 2024, Bitcoin has repeatedly experienced strong gains before rapidly falling back, accompanied by a general weakness in altcoins and a setback in market sentiment. He pointed out that this repetitive pattern of "rising and suppressing" may intentionally suppress overheated market conditions for the main force of the market, in order to prolong the overall cycle time. This phenomenon is relatively rare in the previous bull market, which may indicate that the current cycle will enter an emotional driven foam style climax in the future.
According to Bitcoin.com, Alexandre Stachtchenko, Chief Strategy Officer of Paymium, a French cryptocurrency exchange, has warned that the latest draft guidelines from the European Data Protection Board (EDPB) may make Bitcoin illegal in the European Union. The draft considers blockchain public keys as personal data and requires them to be removable under certain conditions, but the characteristics of blockchain technology make the data tamper proof. EDPB explicitly states that 'technical infeasibility cannot be used as a reason for non-compliance with GDPR', and points out that if fine-grained data deletion cannot be achieved, it may be necessary to 'delete the entire blockchain'. Stachtchenko criticized that this position is detached from technological reality and that the anonymization scheme is not recognized by existing regulations. The public consultation period ends on June 9th, and if the draft is passed, Bitcoin may be considered illegal due to its inability to meet data deletion requirements.
BlockBeats News: On June 5th, according to Bitcoin Magazine, UK public gold mining company Bluebird Mining Ventures plans to adopt a Bitcoin treasury strategy. The company stated that it will convert the revenue from future mining projects into Bitcoin.