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Matrixport: Bitcoin ETF Sees $11.2 Billion Net Inflows Over the Past Eight Weeks, Overall Bullish Logic Remains Valid

7 hours ago

BlockBeats has reported that on June 17th, Matrixport released its daily chart analysis. It was stated that in the past eight weeks, Bitcoin ETFs have attracted $11.2 billion in new inflows. However, the price of Bitcoin has only increased by about 10%. This relatively modest increase may suggest that some market participants are selling when the market is strong or waiting on the sidelines to re-enter. Overall, the bullish logic remains unchanged: the Bitcoin market has formed a stable buying base. Despite the changing composition of buyers, ETFs have shown almost no sustained net outflows. Compared to the pace during the Trump election period, MicroStrategy's current rate of accumulation has slowed down slightly. Nevertheless, the continuous and stable capital inflows still provide strong support for Bitcoin prices.
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Privacy public chain Namada announces the completion of final preparations for mainnet deployment.

On June 17th, the privacy-centric public chain Namada built on Cosmos announced that it has completed the final preparations for the deployment of its mainnet. It introduces a composable privacy layer for decentralized applications. The trading of its native token NAM is planned to commence this week, in line with the launch of the mainnet.

4 minutes ago

Richard Liu: JD.com Will Apply for Stablecoin Licenses in Major Currency Countries Globally

On June 17th, according to Sina Finance, Richard Liu, chairman of JD Group, stated during a sharing session today that JD aims to apply for stablecoin licenses in all major currency-issuing countries around the world. With these stablecoin licenses, JD intends to facilitate remittances between global enterprises, reducing cross-border payment costs by 90% and increasing payment efficiency to less than 10 seconds. Richard Liu pointed out, "Currently, inter-company remittances take about 2 to 4 days on average, with relatively high costs. After completing B2B payments, we will penetrate C2C payments, aspiring that one day everyone in the world can use JD stablecoins for their purchases."

4 minutes ago

Trader AguilaTrades continues to reduce their 20x long Bitcoin position, with a liquidation price of $94,000.

According to the report by BlockBeats, on June 17th. Based on the monitoring by HyperInsight, trader AguilaTrades has been continuously reducing their 20x long Bitcoin position within the past hour. The nominal value of this position has now dropped to $206 million, and the entry price of the remaining position is $106,014.2 with a liquidation price of $94,000. AguilaTrades is currently facing an unrealized loss of $1.25 million on this position, and over the past 24 hours, the trader has lost $6.288 million. Tonight, AguilaTrades transferred an additional 5 million USDC to Hyperliquid as collateral, making the total collateral in the account reach 36.684 million USDC.

4 minutes ago

MEXC Launchpad is about to launch DAOBase (BEE)

On June 17, according to official information, the DAOBase (BEE) Launchpad is scheduled to become active on MEXC, enabling users to participate in subscriptions at the lowest issuance price. Meanwhile, users who engage in DAOBase (BEE) spot trading on MEXC can avail of 14 days of zero spot trading fees.

4 minutes ago

Brazil's "Sovereign Strategic Bitcoin Reserve" bill passes first committee review

On June 17th, according to Bitcoin News, the Brazilian Bitcoin Reserve Bill "PL 4501/2023 or PL 4501/2024" has successfully passed its first committee review. This bill proposes the establishment of a "Sovereign Strategic Bitcoin Reserve," with the allocation of up to 5% of foreign exchange reserves to Bitcoin. Once this bill is implemented, Brazil will become the second Latin American country, following El Salvador, to establish a legal BTC reserve. In March, Pedro Giocondo Guará, the Chief of Staff to Brazil's Vice President, stated that the "Sovereign Strategic Bitcoin Reserve" is of great significance to national prosperity and is a matter of public interest. He referred to Bitcoin as "the gold of the internet."

4 minutes ago

Elon Musk's xAI Plans to Raise $4.3 Billion to Support the Continued Development of Grok

BlockBeats informs that on June 17th. According to Bloomberg, informed investors disclosed that Musk's artificial intelligence company xAI is in negotiations to raise $4.3 billion through equity financing. The funds previously raised have mostly been used up, and the new funding will be utilized to support the continuous development of its AI chatbot, Grok. Recently, xAI also attempted to raise $5 billion from debt investors to drive aggressive expansion.

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