The Blockchain Group Invests 60.2 Million Euros to Increase Its Bitcoin Holdings to 624 Coins

On June 5th, according to The Data Nerd's monitoring, last month, a whale with the address BwsWU amassed 443,700 TRUMP tokens (approximately $6.34 million), with an average price of around $14.34. Four hours ago, the whale sold 57,800 TRUMP tokens ($624,000), incurring a loss of approximately $205,000. Currently, the whale still holds 370,400 TRUMP tokens (approximately $4.01 million), with an unrealized loss of about $1.31 million.

On June 5th, as per Coinmarketcap data, the Altcoin Season Index currently stands at 23. This index implies that among the top 100 cryptocurrencies by market capitalization, approximately 23 projects have outperformed Bitcoin in terms of price appreciation over the past 90 days. Note: The CMC Cryptocurrency Altseason Index is a real-time metric intended to assess whether the cryptocurrency market is currently in an altcoin-dominated season. The index is based on the performance of the top 100 altcoins in relation to Bitcoin over the past 90 days.

On June 5th, the Federal Reserve Beige Book indicated that the U.S. economy had shown a slowdown over the past six weeks. Hiring activity had decelerated, and both consumers and businesses had expressed concerns regarding price increases associated with tariffs. Regarding inflation, the report noted that prices were witnessing a "moderate increase." However, there was a widespread anticipation among businesses that future costs and prices would rise at a more rapid pace. In the report issued on Thursday, the term "tariffs" appeared 122 times, which was an increase from 107 times in April. (FXStreet)

On June 5th, as reported by The Block, while the U.S. House Financial Services Committee was deliberating on the "Crypto-Currency Act of 2020" (CLARITY), some Democratic lawmakers raised questions about President Trump's involvement in cryptocurrency. They suggested that this could lead to a conflict of interest and hamper legislative progress. The 236-page bill intends to clarify the regulatory responsibilities of the SEC and the CFTC in the crypto market and requires companies to disclose information and segregate customer funds. Although the bill has gained some Democratic support, Democratic lawmakers are demanding the addition of conflict of interest provisions and threatening to oppose it otherwise. The committee is anticipated to continue its deliberations next week.

On June 5th, YZi Labs made an investment in OneKey. OneKey is a hardware wallet that focuses on improving the security of crypto assets and enabling global users to take custody of their assets on their own.

On June 5th, the TRUMP Wallet X account @TrumpWalletApp has been released from being frozen. The information on the TRUMP Wallet official website indicates that the wallet was jointly developed by Magic Eden and the TRUMP Meme official team. Previously, reports showed that Donald Trump Jr., the eldest son of former President Donald Trump, clarified in a post that the Trump Organization has no association with this wallet product, and WLFI will launch the official wallet.