BTC spot main traded 20 large orders with a total amount of $37.62 million!

According to reports, blockchain security researcher Josselin Feist will join the Aave team. Aave founder Stani Kulechov stated that Josselin will be a great addition to the Aave ecosystem and elevate the standards of DeFi security. Josselin Feist served as the Engineering Director of the blockchain team for Trail of Bits for 8 years, responsible for the full stack security review of blockchain.

According to Ki Young Ju, founder of CryptoQuant, the average holding cost for Bitcoin investors is about $53000, and bear markets typically end when the price falls below the realized price. He believes that it is difficult to return to this level with stable institutional capital inflows and MicroStrategy holdings, but the current price trend shows exceptionally strong market selling pressure. Since January 2023, MicroStrategy has bought 711200 BTC and sold only 32; The US spot Bitcoin ETF and MicroStrategy have collectively absorbed 1.16 million BTC, surpassing Satoshi Nakamoto's holdings by 1 million BTC and approaching half of the exchange's reserve of 2.7 million BTC, but the price has still returned to the same level.

[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).