Crypto Pulse-Mt.Gox's imminent compensation triggers rapid selling pressure on BTC

Preface:
Bitcoin and Ether both fell by 4.61% and 2.00% respectively in the past 24 hours, with the ETH/BTC exchange rate remaining at 0.05. The Cryptocurrency Fear & Greed Index dropped to 30, indicating fear.

Best performance recently

The best performer in recent times is FET. It rose 21.49% in 24h and is now quoted at $1.692, with a market capitalization of $4.28 billion.
Fetch.AI is a blockchain-based decentralized machine learning platform that utilizes artificial intelligence and automation technologies to build infrastructure for developing modern, decentralized, and peer-to-peer applications. The project introduces a new concept—Autonomous Economic Agent (AEA), where various digital agents (such as data providers, service providers, and consumers) can interact and transact automatically. The FET token is the token issued by the Fetch.AI platform, used for discovering, creating, deploying, and training autonomous economic agents, and also plays a significant role in the interaction of smart contracts and oracles. Recently, Fetch.AI, SingularityNET, and Ocean Protocol announced the establishment of a decentralized artificial intelligence alliance and merged their tokens FET, AGIX, and OCEAN into ASI. This move has led to a price increase for all three tokens, with FET performing the best, rebounding strongly to the 1.7 price range after experiencing a continuous decline in January.
ViewFET/USDT spotandFETUSDT perpetual contractThe latest price, chart and data!

Market sentiment

MT GOX was originally a trading card network platform, which was later transformed into a Bitcoin exchange by its founder Mark Karpeles. At its peak, the platform handled 70% of global Bitcoin transactions. However, in early 2014, MT GOX announced the suspension of Bitcoin withdrawals due to 'transaction malleability' issues. Subsequently, the platform admitted to losing approximately 850,000 bitcoins, valued at around $450 million at the time. This event led to MT GOX filing for bankruptcy in February 2014.
After the bankruptcy trustee of Mt.Gox announced that it will start returning Bitcoin (BTC) and Bitcoin Cash (BCH) to creditors in July, the cryptocurrency market faces significant selling pressure. Bitcoin briefly dropped below $59,000 during the day, causing some panic in the market. However, many experts point out that the impact of Mt.Gox's selling pressure may be smaller than expected. Cryptocurrency trader Pat believes that FUD and pullbacks related to Mt.Gox are nothing new to the cryptocurrency market. Similar pullbacks have occurred when this event made headlines three times in the past, but Bitcoin ultimately continued to rise.

Bitcoin spot ETF fund liquidity

Bitcoin spot ETF has a total net outflow of $174 million, with a net outflow for 7 consecutive days. Grayscale ETF GBTC has a daily net outflow of $90.4295 million, with a historical net outflow of $18.45 billion for GBTC. The net asset value of Bitcoin spot ETF is $51.53 billion, and the net asset ratio (market value compared to the total market value of Bitcoin) is 4.39%. The BTC market is currently in a slump, approaching the low points of the daily, weekly, and monthly charts. There is also a downward trend in the lower time range (1 minute to 15 minutes), which has contributed to the recent net outflow of BTC ETF. Macroeconomic factors and the upcoming Mt. Gox repayment event will impact future price trends. Although the total market value of BTC has decreased, such fluctuations usually indicate the emergence of local lows and potential buying opportunities, which traders should closely monitor.

ViewBTC/USDT spotAndBTCUSDT perpetual contractLatest price, charts and data!

Claim Airdrop

Blast announced that its airdrop will start on June 26. At the same time, the Blast Foundation is launched as part of the transition to a decentralized governance structure. The governance of the project's Twitter, website, and Blast protocol is now under the control of the foundation. Blast is a layer-2 network based on Optimistic Rollups technology and is compatible with Ethereum. The project adopts a point-based airdrop method, and there is a corresponding point ranking (Blast Points) for users to view their points and ranking. Blast has completed a $20 million financing round with participation from Paradigm and Standard Crypto. The overall maximum token supply is 175,553,096,633,449, and the airdrop will be divided into early members (50%) and developers (50%).