Mizuho Bank raises target prices for SanDisk and Western Digital

U. Senator Tim Scott stated that the Clarity Act will bring Bitcoin and cryptocurrency into a more secure, fair, and transparent system. （Bitcoin Archive）

On June 8th, WEEX announced that it has launched a gold contract trading competition. During the event period (June 8-18), new users who recharge ≥ 100 U and have XAUT/PAXG spot trading volume ≥ 50 U will receive XAUT/PAXG 7-day annualized+10% interest rate coupon, as well as a 10 USDT experience bonus; New and old users trading XAUT/PAXG contracts can receive a maximum experience bonus of 200 USDT per person. Event link: https://www.weex.com/zh-CN/events/promo/wxt-eco-gold

On June 5th, the Japan Securities and Exchange Commission announced the inspection results of Moomoo Securities, determining that it had problems in NISA sales, customer asset transfer, anti money laundering review, and system risk management, and recommended that regulatory agencies such as the Japan Financial Services Agency impose administrative penalties on it.

According to on chain analyst Ai Yi's monitoring, the address 0x691... 5FfF2 recharged $152 million worth of WBTC and ETH (80 WBTC+6100 ETH) to Binance 4 hours ago, suspected of cutting meat. This part of the tokens was established during the high point of the market in mid October last year. Currently, the assets have shrunk by 44%, and it is expected to incur a loss of over 20 million US dollars.

According to the news on June 8th, the Bitcoin MVRV Z-Score reached 0.24, close to the zero axis of the historical bear market's "green accumulation zone", indicating that the market price is gradually approaching the value realized on the chain. Historical data shows that this indicator fell to near zero or briefly fell below zero during bear markets in 2011-2012, 2014, 2018, and 2022 before bottoming out. Short term holders have an MVRV of 0.84, while long-term holders have an MVRV of 1.29. There has not been a typical convergence phenomenon at the bottom of a bear market, and long-term holders still have significant unrealized profits. Analysis suggests that the market may not have formed an absolute bottom yet. After the cryptocurrency market evaporated about $100 billion in market value last week, multiple signs of recovery have begun to emerge.