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Alliance DAO Endorses Zcash: Zcash Now Similar to Early Bitcoin, Massive Upside Potential Ahead

2 hours ago

June 5th, QwQiao, co-founder of Alliance DAO, noted in a post that Zcash feels exactly like Bitcoin in its early days: A group of the smartest people are contributing code to the project, while the community is dominated by self-proclaimed "smart midwits"—individuals who claim to be intelligent but lack real understanding. The project faces numerous bugs and existential threats, along with extreme price volatility, but if Zcash really takes off, the upside potential is highly asymmetric, balancing extreme risk with massive reward. Today, privacy cryptocurrency Zcash (ZEC) has seen a sharp market sell-off after a security vulnerability that could lead to infinite inflation was exposed.
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Bitcoin's MVRV Ratio has dropped to 1.19, entering the accumulation zone.

On June 5, CryptoQuant analyst Yonsei_dent noted in a post that Bitcoin’s MVRV ratio has dropped to 1.19, nearing its historically undervalued level. While the moving average death cross signals short-term headwinds, it’s also opening a window for mid- and long-term accumulation. The report advises investors to stay patient, gradually build positions in this undervalued range through disciplined dollar-cost averaging, and prepare for the next market cycle.

2 minutes ago

Fed's Harker: Action May Be Needed Soon If Recent Trends Persist to Combat High Inflation

June 5 — Federal Reserve’s Harker said holding interest rates steady at current levels is appropriate, but if recent trends persist, action may be needed soon to combat high inflation.

2 minutes ago

A Whale Longing 58,000 ETH is Only $40 Away from Liquidation

On June 5, data from Pyth Network indicates an Ethereum whale holding a long position on Aave is only $40 away from its liquidation line, with a total of 58,000 ETH in that position valued at roughly $93.66 million.

2 minutes ago

Bitget has listed 45 stock spot trading pairs including IBM, Goldman Sachs, Citigroup, etc.

On June 5, Bitget announced in an official release that the platform has launched 45 US stock and popular ETF spot tokens, including rIBM (IBM), rGS (Goldman Sachs), rC (Citigroup), rAXP (American Express), and rJNJ (Johnson & Johnson). The new offerings span key high-demand sectors such as cloud services, cybersecurity, fintech, new consumer segments, semiconductors, and commodity ETFs. For full details, please visit Bitget’s official platform.

2 minutes ago

The US Stock Market Drives Crypto Market into Accelerated Decline, Leading to $160 Million in Liquidations in the Past Hour

After U.S. stock markets opened on June 5, the crypto market saw an accelerated selloff, with Bitcoin dropping below $61,000 and Ethereum briefly trading below $1,600. Per Coinglass data, $160 million in total liquidations were logged over the past hour — $156 million of which came from long positions. In the last 24 hours, overall liquidations across the crypto market hit $1.238 billion. Globally, 260,647 positions have been liquidated. The largest single liquidation occurred on Binance’s BTCUSDT trading pair, totaling $13.3164 million.

2 minutes ago

Bitcoin Falls Below $61,000

June 5. According to HTX market data, Bitcoin has dropped below $61,000 and is currently trading at $60,893.48.

2 minutes ago

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