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HYPE and ICP stand out as this week’s top perfomers.
Quick Take The seven-day moving average number of transactions on the Bitcoin network hit a 19-month low recently, according to The Block’s data. A number of Bitcoin Core developers released a statement Friday saying that nodes should not refuse to relay low‑fee or non‑standard transactions if miners are willing to include them. Mononaut, founder of open-source explorer Mempool, noted that a transaction with a near-zero fee was recently mined into a block, signaling low demand from miners.
While TRUMP shows a brief 7% rise, ongoing outflows and the Musk-Trump feud hinder substantial recovery, with resistance at $10.97 capping potential gains.
Despite a recent 11% rise, Virtuals Protocol struggles with investor interest and resistance at $1.93. A breakthrough could target $2.00, but the trend remains uncertain.
SUI’s recent 12% surge could spark significant liquidations if it breaks $3.33, but negative momentum and resistance pose challenges to further gains. Watch for key price levels to determine direction.
- 13:10Overview of Key Developments on the Evening of June 1912:00-21:00 Keywords: Fetch.ai, JPMorgan, LOT, Abraxas Capital 1. Trump-affiliated company quietly reduces its stake in crypto project WLFI 2. Fetch.ai to launch a $50 million FET token buyback program 3. X to be developed into a "super app" featuring investment, trading, and more 4. JPMorgan: The Federal Reserve may keep interest rates unchanged through the end of this year 5. Arkham: Abraxas Capital address holds $500 million in short positions across multiple major tokens, with unrealized profits exceeding $18 million
- 13:09Virtual Protocol: Launching Investigation into Abnormal Accumulation of Points in Developer Wallets for Technical AnalysisVirtual Protocol posted on platform X, stating that they have noticed recent community feedback indicating that some users may have accumulated points abnormally through developer wallets. In response, the Virtuals team immediately initiated tracking and technical analysis, and has conducted a comprehensive review of the relevant processes. Moving forward, they will thoroughly investigate the issue while ensuring system security and data accuracy, and will take necessary measures as appropriate to ensure that all Virgens participate in a fair and just points system.
- 13:09Hypersphere Partner Targeted by Zoom Phishing Attack, Funds Stolen from 6 WalletsMehdi Farooq, an investment partner at crypto venture capital firm Hypersphere, revealed that after falling victim to a fake Zoom call phishing attack, funds from his six wallets were stolen, resulting in the loss of his savings accumulated over many years. Farooq explained that the attack began with a message on Telegram from Alex Lin, someone he knew and had interacted with before, making the contact seem routine. Lin shared a meeting link, and after joining the scheduled Zoom meeting, Farooq noticed there was no audio. Shortly after running an update, his system was compromised, and within just a few minutes, hackers had drained his years of savings.