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Eigen Labs launches Ethereum restaking protocol EigenCloud; a16z invests $70 million through the purchase of EIGEN tokens

6 hours ago

BlockBeats announced on June 17th that Eigen Labs declared the launch of the Ethereum re-staking protocol EigenCloud. A16z crypto made a $70 million investment by directly purchasing EIGEN tokens. EigenCloud aims to extend blockchain-level trust guarantees to any platform operating Web2 or Web3 applications and create new fee streams to support staking rewards. The Alpha release of EigenCloud will happen simultaneously with performance upgrades to EigenDA, achieving a throughput of 50 MB per second on the Ethereum testnet.
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Bitcoin rebounds above $104,000 as U.S. lawmakers propose the "Iran War Powers Resolution" to block U.S. involvement

On June 18th, according to market information, U.S. Congressman Massie has put forward the "Iran War Powers Resolution," with the intention of preventing the U.S. from getting involved in an Israel-Iran war. Based on HTX market data, Bitcoin has rebounded from a low of $103,370 to $104,250 within the past 20 minutes.

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The probability of "U.S. military action against Iran before July" on Polymarket has risen to 66.7%.

On June 18th, as per the official website, the likelihood of "The US military launching a military action against Iran prior to July" on Polymarket has gone up to 66.7%. The trading volume for this prediction market has attained $7.86 million.

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The SEC Delays Approval of Franklin's XRP and Solana Spot ETF

On June 18th, as per market reports, the U.S. Securities and Exchange Commission (SEC) has postponed the approval of the Franklin XRP Spot ETF and the Solana Spot ETF.

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The total market capitalization of cryptocurrencies has dropped by 6.2% in the past 24 hours, with altcoins facing even larger losses.

June 18 — Based on HTX market data, the market has exhibited signs of risk-off sentiment due to worries that the US might interfere in the Iran-Israel conflict. The total cryptocurrency market capitalization has decreased by 6.2% over the past 24 hours and currently stands at $3.341 trillion. The losses in altcoins have intensified, as follows: RESOLV is currently at $0.2229, with a 24-hour decline of 17.86%; VIRTUAL is currently at $1.67, with a 24-hour decline of 14.7%; NEIRO is currently at $0.00035, with a 24-hour decline of 15.09%; WIF is currently at $0.756, with a 24-hour decline of 14.5%; IMX is currently at $0.41, with a 24-hour decline of 14.94%.

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Trump is about to decide the US policy on the Iran-Israel war, Bitcoin accelerates to drop below $104,000.

On June 18th, as per Axios, Trump is slated to convene with the national security team in the White House Situation Room within 2 minutes (1:00 AM Beijing time) in order to determine the U.S. policy concerning the Israel-Iran war. U.S. officials declared that Trump is earnestly contemplating joining the war and launching strikes against Iran's nuclear facilities, specifically the underground uranium enrichment facility in Fordow. The cryptocurrency market witnessed further declines likely due to this news, with Bitcoin dropping below $104,000.

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Bitcoin drops below $104,000, 24-hour decline widens to 2.6%

On June 18th, based on HTX market data, Bitcoin has dropped below $104,000, and the 24-hour decline has expanded to 2.6%.

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