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Last week, funds have flowed into #Bitcoin, #Ethereum, and #Hyperliquid.

2024.12.16 14:48:36

In the past 7 days, #Bitcoin's TVL increased by $3.09B, #Etherum's TVL increased by $2.22B, and #Hyperliquid's TVL increased by $1.87B.

Funds have flowed into #Bitcoin, #Ethereum, and #Hyperliquid.

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President Trump Attends G7 Summit to Discuss Iran Deal and Russia-Ukraine Tensions, Reopening of the Hormuz Strait Leads to Oil Price Drop

Per NBC News, U.S. President Joe Biden? Wait no, wait original said Trump. Wait original says President Trump: June 16th update, U.S. President Donald Trump is in France to attend the Group of Seven (G7) summit. He’s scheduled to meet with several global leaders—including Ukrainian President Volodymyr Zelensky—to discuss two key topics: the recent U.S.-Iran ceasefire and its accompanying framework agreement, plus the ongoing Russia-Ukraine conflict. Per the report, the U.S. and Iran have struck a tentative deal to end their bilateral conflict and reopen navigation in the Strait of Hormuz. The full text of the pact hasn’t been released yet, though; U.S. Vice President Mike Pence noted the relevant documents are expected to drop publicly this Friday. In anticipation of this agreement, global oil prices have plunged sharply. Both U.S. West Texas Intermediate (WTI) crude and Brent crude fell roughly 4.8% as markets bet on the resumption of shipping through the Strait of Hormuz. Even

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Michael Saylor has proposed the "Digital Asset Five-Layer Network" and stated that Bitcoin will evolve into the foundation of the global financial system.

June 16 — MicroStrategy founder Michael Saylor unveiled the "Modern Digital Asset Stack" concept this morning, framing Bitcoin not just as digital capital but as the foundational layer for next-generation financial products: digital credit, digital money, digital yields, and digital equity. His vision positions Bitcoin to evolve from a standalone asset to the backbone of a global financial architecture. Saylor emphasized Bitcoin does not require protocol tweaks, staking, or new token issuances to fulfill this role. The asset’s volatility, he explained, can be leveraged to create yield-generating products via tailored capital structures. For instance, STRC-like digital credit instruments will deliver returns, while digital money can be built into stable-value tools offering ~6–8% yields by pairing Bitcoin-backed credit assets with cash equivalents. Looking ahead, Saylor argued that stablecoins, payment networks, wallets, crypto exchanges, and DeFi protocols can all operate atop Bitcoi

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The Enforcement Directorate of India has charged Chirag Tomar in a $20 million Coinbase phishing scam case.

On June 16, India's Enforcement Directorate (ED) filed a charge sheet with the New Delhi Dwarka PMLA Special Court, formally accusing Chirag Tomar and his associates of involvement in an approximately $20 million cryptocurrency phishing scam. Investigations revealed the criminal gang carried out the attack through SEO hijacking and a highly realistic "Coinbase Pro" phishing website, tricking users into entering their account credentials and then stealing their two-factor authentication (2FA) codes to remotely transfer victims’ crypto assets. The funds were split across thousands of digital wallets and laundered via peer-to-peer (P2P) transactions and local exchanges. The case is being coordinated with a U.S. federal law enforcement operation. Tomar was previously arrested by the FBI in the U.S. and sentenced to 60 months in prison for conspiracy to commit wire fraud. The Indian ED stated that critical evidence was obtained through international judicial cooperation; 129 bank acco

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Barclays maintains $100 per barrel Brent crude price forecast for 2026, anticipates supply deficit in the third quarter

Barclays Bank stated in a June 16 release that robust cyclical demand could leave the global oil market facing a small supply gap in the third quarter of 2026—this would be one of the strongest demand cycles for the sector since 2022. The firm held steady to its 2026 forecast that Brent crude will average $100 per barrel, noting the expected restart of free navigation through the Strait of Hormuz aligns broadly with its benchmark timeline of late June.

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BlackRock Says $9 Trillion Cash Acceleration Poses Asset Risk, Multi-Event Week May Amplify Market Volatility

June 16: Rick Rieder, BlackRock’s Global Chief Investment Officer of Fixed Income, stated that following the U.S.-Iran peace deal, roughly $8 trillion to $9 trillion held in money market funds is flowing rapidly back into risk assets—a process he called potentially "explosive." Fueled by this capital influx, U.S. stocks and Treasuries rallied in tandem on Monday, while oil prices pulled back on expectations the Strait of Hormuz would reopen. Rieder noted current liquidity is shifting from low-risk instruments to a broader range of assets, and he anticipates incoming Federal Reserve Chair Kevin Warsh will prioritize balance sheet management and money supply control, rather than relying solely on short-term rate tools. Meantime, the derivatives market is gearing up for a flurry of activity. Due to the June 19 Juneteenth holiday closure, this week’s "triple witching day" has been pushed to Thursday, coinciding with the S&P 500’s quarterly rebalancing and amplifying stock market volatili

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Today's BTC largest long position reached $12.06 million, with the whale liquidation price at $61,900.

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