BNB falls below the $650 mark

Arthur Hayes, co-founder of BitMEX, wrote on the X platform that "the printing press continues to intensify printing under the guise of 'national interest' (the Federal Reserve or other central banks may continue to issue currency to stimulate the economy), and this weak momentum (the decline in the cryptocurrency market) will eventually pass, and the safe haven status of Bitcoin will be beyond doubt

BlockBeats News: On June 23rd, according to Yueqi Yang, a cryptocurrency journalist from The Information, cryptocurrency exchange OKX is considering an initial public offering (IPO) in the United States after returning to the US market in April this year.

According to the report of securities companies in China, according to incomplete statistics, in the past week alone (June 15 to June 21), at least 16 securities companies published 24 research papers on comprehensive research on stable currency, covering macro, computer, media Internet, finance, blockchain and other industries. Some securities firms have launched stablecoin topics and in-depth research, such as Guojin Securities, Zhongtai Securities, Dongwu Securities, and Tianfeng Securities, all of which have launched stablecoin topics or in-depth research. Multiple research teams from CITIC Securities, including macro, overseas, banking, and non banking, have conducted in-depth research from various industry perspectives. From the perspective of stock price performance, some A-share stablecoin concept stocks have shown impressive gains since June. As of the close on June 20th, Hengbao Shares rose about 66% this month, Chu Tianlong rose 65%, Sifang Jingchuang rose about 60%, and Xiongdi Technology rose about 23%. However, in recent times, the stock prices of some concept stocks have rebounded from their previous highs. The reporter noticed that several stablecoin concept stocks have recently been clustered for research by institutions, which mainly focus on the development prospects of stablecoins, as well as related technologies and application scenarios of listed companies.

OKX-BTC/USDT is currently trading at $101112, with a 5-minute increase of 0.17%. Please be aware of market fluctuations.

10x Research published an analysis on X platform, stating that although the dominant position of the Bitcoin market has soared to a new cycle high, two key indicators are showing early signs of broader market pressure. Ethereum, which previously rose due to optimistic ETF sentiment, is now struggling due to over leveraged futures positions. At the same time, the (market-based) liquidity that serves as an invisible driving force for each rebound is quietly drying up, and the often overlooked flow of stablecoin funds is also showing a clear trend as summer approaches. Some major buyers in the market are withdrawing, and key technical positions are also facing challenges. Bitcoin and Ethereum experienced a pullback as expected, both releasing signals of a shift from bullish to bearish. The risk of Ethereum falling below $2420 emphasized in the previous weekend report has come true, and two key indicators are also about to turn bearish on Bitcoin, which may have a widespread impact on the entire cryptocurrency market.