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Renzo increases airdrop allocation slightly after community outrage and temporary ezETH depeg
Renzo increases airdrop allocation slightly after community outrage and temporary ezETH depeg

Renzo Protocol has increased the token allocation for its initial airdrop from 5% to 7% in response to prior community dissatisfaction. The tokens will be distributed in two phases: 7% in the first season at the end of the month and 5% in a subsequent phase.

The Block·2024/04/25 09:07
These Alts Dumped the Most as Total Crypto Market Cap Lost $100B in a Day (Market Watch)
These Alts Dumped the Most as Total Crypto Market Cap Lost $100B in a Day (Market Watch)

The total crypto market cap is below $2.5 trillion now as BTC slipped to $63,500.

Cryptopotato·2024/04/25 09:04
2 on-chain metrics suggest Bitcoin at its ‘best moment to buy’
2 on-chain metrics suggest Bitcoin at its ‘best moment to buy’

One crypto analyst says Bitcoin has just undergone one of the “healthiest market resets” he has seen in a long time.

Cointelegraph·2024/04/25 06:16
Here’s What Will Drive Bitcoin to $150K After the Halving: Standard Chartered
Here’s What Will Drive Bitcoin to $150K After the Halving: Standard Chartered

Kendrick said the liquidation of leveraged positions has cleared a pathway for the crypto market to trend higher and that the market is poised to move up from its current position.

Cryptopotato·2024/04/25 05:31
Flash
15:26
Crude oil continues to fall, with WTI crude down 4.22% intraday and Brent crude down 3.91% intraday.
BlockBeats News, June 22, according to Bitget market data, WTI crude oil fell below $74 per barrel, down 4.22% intraday; Brent crude oil fell below $77 per barrel, down 3.91% intraday. On the news side, according to ongoing constructive talks in Switzerland, Iran has committed to ensuring the free and open passage of the Strait of Hormuz and will allow International Atomic Energy Agency inspectors to enter its territory. As part of a framework agreement, the US Department of the Treasury has issued a 60-day temporary general license, authorizing the production, delivery, and sale of Iranian oil.
15:26
RBC strategists say that the US stock market can withstand about two interest rate hikes by the Federal Reserve.
Lori Calvasina of RBC Capital Markets stated that as long as the Federal Reserve's tightening cycle remains moderate, the US stock market should be able to withstand interest rate hikes. "As long as there are around two rate hikes of 25 basis points each over the next 12 months, I think the stock market will ultimately be fine," Calvasina, head of US equity strategy at the bank, said on Monday. "The stock market seems able to withstand anything done moderately."
15:15
A whale long on SpaceX incurred a loss of nearly $1.2 million, with a liquidation price of $105.89.
BlockBeats News, June 22nd, according to lookonchain monitoring, as the today an exchange stock price plummeted more than 10%, a certain whale lost nearly $1.2 million in a long position on an exchange: it shorted an exchange stock 20 times leverage at $204.65, with a position value of $5.51 million, and was liquidated at $105.89.
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