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This morning, ZKJ spiked briefly, breaking through $0.75, with its market cap recovering to $179 million.

6 hours ago

BlockBeats news. On June 17th, as per HTX market data, ZKJ witnessed a significant surge earlier this morning. It briefly exceeded $0.75 before retracing to $0.57. Its 24-hour increase reached 88%, and its market capitalization recovered to $179 million. Earlier today, the ZKJ team released a preliminary report on the token price crash, analyzing the more than 80% drop in the ZKJ token value on June 15th. The immediate factors identified include: a coordinated on-chain liquidity attack that led to a massive inflow of tokens, a large transfer by Wintermute to centralized exchanges, and cascading liquidations on these trading platforms. Polyhedra (ZKJ) co-founder Tiancheng Xie posted on social media, stating, "We will purchase more tokens. At present, we need to understand the current situation and must prevent similar financial attacks in the future."
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Coinbase CEO visits UK Prime Minister's residence to meet with policymakers

On June 17th, Coinbase's CEO, Brian Armstrong, posted on social media and said, "I'm really excited to be in London today to meet with policymakers and have discussions on how the UK can place itself in a favorable position in the global crypto competition. I hope the UK can seize this opportunity and solidify its status as a leader in the global crypto field." The attached image presents Brian Armstrong taking a photo in front of 10 Downing Street, which is the residence of the UK Prime Minister in London.

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Plasma: The deposit cap will no longer be raised, with a total cap of $1 billion

On June 17, BlockBeats reported that the stablecoin project Plasma officially announced, "The deposit cap will no longer be raised, and the total cap is set at $1 billion." Since the deposit channels are closed, the system will continue to operate. Before the lock-up period begins, users can still withdraw at any time. However, withdrawing or transferring voucher tokens will lead to a reduction in the allocated shares.

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Binance Alpha will list Matchain (MAT) and open airdrop claims for eligible users.

On June 17th, BlockBeats reported that according to official channels, Binance Alpha will list Matchain (MAT) and open an airdrop claim for eligible users. Trading will start on June 19th, and the exact time will be announced later. The airdrop distribution will be carried out in two stages: Stage 1: Users with points reaching X are eligible for priority claims to ensure that everyone gets a share. Stage 2: The threshold will be reduced to Y (Y < X), and a first-come, first-served basis will be adopted until the reward pool is exhausted or the airdrop event ends.

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The Blockchain Group increases its capital by approximately 7.2 million euros to advance its Bitcoin reserve company strategy

On June 17th, according to official information, The Blockchain Group, Europe's first Bitcoin reserve company, announced an increase in capital of approximately €7.2 million (around $8.32 million) as part of its "ATM-type" capital increase plan signed with TOBAM. The average issue price is approximately €4.49 per share, with the aim of continuing its "Bitcoin Reserve Company" strategy.

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The crypto market's "greed" sentiment is heating up, with today's Fear and Greed Index at 68.

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%).

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Binance: Users with Alpha scores exceeding 238 points can participate in the latest BOMB TGE event

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.

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