ETH falls below the $2400 mark

According to BlockBeats, on June 28th, Coinbase was the best performing stock in the S&P 500 index for June, driven by positive regulatory updates, product releases, and inclusion in the benchmark index at the end of May. Coinbase is currently expected to achieve its best monthly performance since November last year, rising for the third consecutive month (up 43% in June alone), and achieving three consecutive months of gains for the first time since the end of 2023. On Thursday of this week, the stock reached its highest level since its initial public offering in 2021. Oppenheimer analyst Owen Lau said that the inclusion of the S&P 500 index, the GENIUS bill passed by the Senate, and Circle's strong performance have denied false statements about Coinbase, and people have come to a sudden realization. The two major factors that previously hindered the development of Coinbase - the issue of fee compression (which did not actually occur, on the contrary, Coinbase continued to make profits and was therefore included in the S&P 500 index) and regulatory uncertainty - are dissipating. Although most people believe that it is difficult for Congress to reach a consensus, the passage of the GENIUS Act has become an established fact. Even though Coinbase's stock price has surged 44% this month, Devin Ryan, head of fintech research at Citigroup, still believes that there is further room for its stock price to rise. He pointed out that the market has not fully recognized the close partnership between Coinbase and Circle Internet Group - Circle's stock price has skyrocketed by over 500% since its listing on the New York Stock Exchange on June 5th.

According to Decrypt, last week, Texas police used power tools to retrieve $32000 from a Bitcoin ATM at Bitcoin Depot. Chris Ryan, Chief Legal Officer of Bitcoin Depot, a Bitcoin ATM operator, stated that the use of violent means by US law enforcement officers to retrieve cash from Bitcoin ATMs is an unauthorized act and may violate the law. Its Chief Operating Officer Scott Buchanan stated that due to law enforcement officers cutting open the "physical" self-service terminal, the machine must be completely replaced. A report by the Federal Bureau of Investigation (FBI) found that in 2024, Americans lost at least 247 million dollars through cryptocurrency self-service terminals, an increase of 31% over 2023.

1. Ripple reaches settlement with SEC, abandons appeal, legal dispute ends 2. TRM Labs report: Hacker attack losses reach $2.1 billion in the first half of 2025 3. BlackRock increased its holdings of Bitcoin by $1.15 billion this week, reaching a historic high 4. US Congress suspends cryptocurrency legislation, prioritizes market structure and stablecoin bills 5. Bitcoin Treasury Capital increases its holdings of 81 BTC and continues to expand its holdings 6. The Federal Reserve's core inflation rate forecast remains at a low for three consecutive months, or 2.6% 7. FATF warns of insufficient cross-border regulation of virtual assets and calls for strengthened global cooperation 8. Trader AguilaTrades increases BTC short position to over $100 million The above is a selection of hot topics from the past 24 hours. Click to see the full article: https://www.aicoin.com/article/468877

The current price is around $2420, and member indicators show strong support at this level, with dense trading volume and a near equilibrium long short ratio. Combined with the 90 minute cycle K-line pattern, the cross star signal suggests that market hesitation has intensified and a rebound may be brewing. In addition, KDJ showed a golden cross in the 3-hour cycle, further verifying the possibility of short-term upward repair. However, the overall trend is still weak, with significant suppression from the EMA24/52 moving average and continued decline in trading volume indicating insufficient market activity. If it falls below $2420, we need to be alert to the risk of accelerating the downward trend. Member indicators accurately capture support and resistance, helping you plan key points in advance! The data is sourced from the PRO member's [ETH/USDT Binance 90 minute] K-line, for reference only, and does not constitute any investment advice.

ETH has risen, with a trading volume of $35 billion in the past 24 hours and a circulating market value of $296.2 billion, representing a 0.11% increase in market value. Data for reference only