JPMorgan Chase files trademark application for "JPMD", potentially paving the way for its stablecoin business

On June 17th, according to alternative data, the Crypto Fear & Greed Index for today is at 68 (compared to 61 yesterday), suggesting a growing "Greed" sentiment in the market. Note: The Fear & Greed Index ranges from 0 to 100 and encompasses the following factors: Volatility (25%) + Market Volume (25%) + Social Media Sentiment (15%) + Market Surveys (15%) + Bitcoin Dominance (10%) + Google Trends Analysis (10%).

On June 17th, according to official data, Binance announced that users whose Alpha scores are greater than or equal to 238 are qualified to take part in the latest BOMB TGE event. Participating in this TGE event will consume 15 points.

It was reported on June 17 that CryptoQuant analyst Axel Adler Jr stated, "The MVRV Z-score is currently at a moderately positive level (+0.6), suggesting that the market has a certain amount of buying pressure without indicating signs of overheating. The ratio of short-term holders' profits remains at a high 83%, indicating that most short-term investors are currently in profit. Although this may trigger some profit-taking behavior, as long as such action has not occurred, it remains a positive signal. The current price is stuck within the range of $110,000 to $104,000, and short-term holders still have confidence in future price increases." The market remains in a bullish trend, with overall valuation being moderately overbought. Short-term holders are showing strong interest. A high proportion of profitable short-term holders implies that some investors may choose to realize profits when the price approaches $110,000, potentially leading to a short-term pullback." Indicator Explan

On June 17th, as per official information, Interactive Strength Inc. (listed on Nasdaq: TRNR) announced today that the first $55 million investment for its cryptocurrency reserve strategy was successfully completed on June 13th. Subsequently, TRNR, through its custodian BitGo, took advantage of the 24/7 trading characteristics of cryptocurrencies and began purchasing FET tokens in the open market over the weekend. TRNR intends to continuously utilize the remaining net proceeds from this initial capital, as well as the additional net proceeds from the upcoming $500 million financing line, to gradually increase its FET holdings in the open market. It is expected that the FET acquired with this initial capital will enable TRNR to become the largest publicly listed cryptocurrency reserve enterprise with a core emphasis on AI tokens.

On June 17th, as per the monitoring of Onchain Lens, a certain whale sold 2.69 million ONDO tokens at a price of $0.788 each and exchanged them for 2.13 million USDT. This whale had been holding these tokens for around 2.5 months and had made a profit of $123,000.

On June 17th, as per market reports, President Trump of the US is going to convene an emergency meeting of the National Security Council today in order to discuss the US's stance on the situation in the Middle East. (Jin10)