AiCoin 丨 6.4 snapshot: Whale transfer, stablecoin issuance, strategic reserve promotion

[CFTC Abolishes Nearly 30-Year-Old 'No-Admit-No-Deny' Policy] According to Cointelegraph, the CFTC announced on June 4 the abolition of the 'no-admit-no-deny' policy implemented since 1998, which required defendants to agree not to deny allegations during settlements. CFTC Chairman Mike Selig stated that this move aligns with the direction of government regulatory agencies and enhances flexibility in enforcement settlements. The SEC had already abolished a similar policy in May, and several crypto companies had criticized the rule for restricting freedom of speech.

[BTC spot main traded 20 large orders with a total amount of $37.62 million!] Funds moved quickly in a short time, suggesting a shift in market sentiment. Could deeper changes be on the horizon?

Serenity posted on the X platform that they bought IBIT and ETHA through band trading at the prices of 62000 Bitcoin and 1750 Ethereum, emphasizing that it was a short-term operation and not a long-term holding. He stated that the decline in market prices has had a negative impact on stocks such as Robinhood (HOOD) and Coinbase (COIN).

According to on chain analyst Yu Jin's monitoring, Ethereum treasury company FG Nexus transferred 10000 ETH (approximately $18.16 million) to Galaxy Digital four hours ago. The company previously purchased 50600 ETH at an average price of $3940, with an investment amount of $200 million. Due to market downturn, it incurred a loss of $88.83 million. Since November last year, it has reduced its holdings of 38300 ETH (approximately $89.17 million), with an average reduction price of $2329.

The new stock guru Serenity posted on X platform that if the US CLARITY Act is pushed forward in its current direction, it may benefit the traditional banking system, but restrict some innovation in the cryptocurrency field and products that compete with banks, and have an impact on market liquidity. He believes that the current valuations of cryptocurrency concept stocks such as Coinbase, Robinhood, and Circle may be attractive to wave traders.