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Cryptocurrency Exchange Platform Rails Raises $14 Million in Funding with Participation from Kraken

2 days ago

On June 4th, as per Coindesk, the cryptocurrency exchange platform Rails has successfully concluded a financing round amounting to $14 million. This particular financing round was spearheaded by Kraken, Slow Ventures, CMCC Global, Quantstamp, and Round13 Capital. The obtained funds will be allocated towards the launch of a trading platform that integrates self-custody with high-speed execution.
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Analyst: If the Fed Cuts Rates This Month, Bitcoin Could Surge to $112,000

On June 6th, as per Cointelegraph, Carlo Pruscino, an analyst at CMC Markets, stated that the Federal Reserve is anticipated to maintain interest rates unchanged this month. However, an unexpected rate cut could potentially drive Bitcoin to a new all-time high. If the Fed cuts rates earlier than what the market anticipates, it could propel the Bitcoin price back up to $112,000. Pruscino said, "If the next two rate cuts occur earlier, this will exert a significant influence on the future price trend of Bitcoin and other cryptocurrencies. The upside target that is on traders' minds at present is $112,000, which is a crucial psychological level." Pruscino also stated that the Fed has "sufficient data" to make a decision. Nevertheless, due to Trump's tariff policy, the Fed still faces uncertainties. The US Bureau of Labor Statistics' US jobs report, which is scheduled to be released on June 6th, will serve as a key indicator for the Fed's rate cut decision and the recent price trend of B

2 minutes ago

Tesla's European Stock Surges Over 5%

On Friday, June 6th, Tesla's stock price listed in Frankfurt witnessed a 5.6% increase. Previously, Politico disclosed that White House aides had organized a call between Trump and Musk. On Thursday, Tesla's US stock closed with a 14.3% decline, resulting in the evaporation of a market value of approximately $150 billion. (FX Street)

2 minutes ago

A whale spent 700 ETH to buy 1,542.9 billion PEPE tokens

On June 6th, as per the monitoring of Onchain Lens, a whale utilized 700 ETH (equivalent to 1.72 million USD) to purchase 154.29 billion PEPE tokens. Currently, this whale holds 13.8 trillion PEPE tokens, which are valued at 15.2 million USD and are stored in 2 distinct wallets.

2 minutes ago

The $31 Million Bitcoin Donation to Silk Road Founder Ross Ulbricht Suspected to Originate from Alphabay

On June 6th, Cointelegraph reported that based on a Chainalysis investigation, the $31 million Bitcoin donation received by Ross Ulbricht, the founder of Silk Road, is suspected to have originated from the Silk Road successor darknet market Alphabay. Previously, on June 1st, according to LookOnChain monitoring, the donation address of Ross Ulbricht received 300 Bitcoins 8 hours ago, with an approximate value of $31.4 million.

2 minutes ago

A whale spent 4 million U to buy 110,000 HYPE after 2 years of silence

On June 6th, as per the monitoring of OnChainLens, a whale address, which had been silent for 2 years, deposited 4 million USDC into HyperLiquid. In the past 48 hours, it purchased 110,663 HYPE tokens at a price of $36 each, with a total value of $3.98 million.

2 minutes ago

Binance Alpha yesterday recorded a trading volume of $1.85 billion, with ZKJ, KOGE, and TAIKO ranking in the top three.

On June 6th, according to the @pandajackson42 data dashboard, Binance's Alpha trading volume reached $1.85 billion on June 5th. ZKJ's trading volume was $1.33 billion, KOGE's trading volume was $253 million, and TAIKO's trading volume was $37.24 million, with TAIKO leading the pack.

2 minutes ago