SIREN Whale Sells 17 Million Tokens, Leading to 50% Price Drop
On June 13th, on-chain analyst Yu Jin reported that a SIREN whale carried out intensive on-chain selling of roughly 17 million SIREN tokens over the past two hours, amounting to around $6.75 million. The sell-off caused the SIREN price to plummet more than 50%, dropping from $0.47 to $0.23. Notably, this whale holds at least 94% of SIREN’s total token supply, which adds up to 680 million tokens. Since February, the whale has completed four rounds of operations over the course of four months.
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Pudgy Penguins announced the shutdown of the Pudgy Party mobile game
June 13 — In an official announcement, Pudgy Penguins confirmed it has shut down its mobile game Pudgy Party and ceased all further development on the title.
Pudgy Party, which once debuted at No. 1 on the App Store charts, amassed over 1 million downloads and contributed significantly to expanding the Pudgy Penguins IP’s user base.
The team stated that its web-based game Pudgy World boasts stronger advantages in scalability, narrative potential, and user acquisition capabilities. The title has seen rapid growth and will serve as the flagship game for the broader Pudgy Penguins universe, with the development team now fully focused on advancing its future development.
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「White-Haired Stock God」: The Battle for AI Supremacy Has Begun, Export Controls May Bring Opportunities in the Upstream Supply Chain
On June 13, in response to the U.S. government's request to suspend foreign nationals' access to *Fable 5* and *Mythos 5*, Serenity, the so-called "Oracle of White Hair Stocks," stated, "The AI Supremacy War has already begun. Mutual export controls implemented by various countries may lead to significant bottlenecks in upstream supply chains like AXTI and will bring some interesting opportunities in the near future."
However, such measures do help the U.S. maintain its leading position in the AI field by keeping the most advanced models on domestic soil. It is widely held that superintelligence should not be globally accessible, as the industry is beginning to venture into uncharted territory.
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Current mainstream CEX and DEX funding rates show the bearish momentum for BTC is weakening, while most platforms indicate that ETH is still in a bearish range.
June 13 — Per HTX market data, Bitcoin is currently trading at $63,552, with a 24-hour price change of +0.07%. Ethereum sits at $1,665, down 0.41% over the same window. Following a recent sharp sell-off, both assets have rebounded notably, with Bitcoin reclaiming the $63,000 level.
Funding rates on major centralized exchanges (CEXs) reflect shifting market sentiment: Most Bitcoin funding rates have turned positive, signaling improving optimism. For Ethereum, however, the outlook is far more muted — ETH funding rates remain mostly bearish, with its recovery lagging significantly behind Bitcoin’s.
On Bitcoin: While a handful of platforms still post funding rates below the 0.005% bearish threshold, overall bearish pressure has largely lifted. The funding rate structure has shifted from outright bearish to neutral and slightly warm. That said, top exchanges have not collectively crossed above the 0.01% benchmark, so formal bullish signals are still pending confirmation.
Ethereum’s recov
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Standard Chartered Bank: Bitcoin May Have Bottomed Around $59,000, Crypto Winter Over
On June 13, Standard Chartered analyst Geoffrey Kendrick stated in a Friday research note that the low point of Bitcoin’s current market cycle may have already formed around $59,000, signaling the end of the crypto market’s downturn phase. Kendrick noted this cycle low represents a 53% drop from Bitcoin’s historical high of $126,000 set on October 6, adding, “Winter is over, welcome back to the crypto spring.” Data shows Bitcoin hit a low of $59,375 on June 5 and is currently trading near $64,000. Kendrick forecasts Ethereum will reach $4,000 and Bitcoin will hit $100,000 by the end of the year.
Kendrick identifies two key factors driving this market turnaround. First, the crypto sector has faced some of the heaviest selling pressure since the U.S. spot Bitcoin ETF launched in recent weeks, with cumulative redemptions exceeding $5.72 billion since the second week of May. He explained that some ETF holders are liquidating positions to free up cash for the SpaceX IPO, an event he believ
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Yesterday, Bitcoin ETF saw a net inflow of $85.9 million, while Ethereum ETF experienced a net outflow of $4.9 million.
June 13 – Per data from Farside Investors, U.S. spot Bitcoin ETFs saw a net inflow of $85.9 million yesterday, with BlackRock’s IBIT bringing in $57.7 million in net capital. By contrast, U.S. spot Ethereum ETFs recorded a net outflow of $4.9 million, where ETHA alone logged a net outflow of $4.5 million.
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