Headlines
▌In the past 4 hours, network-wide liquidations reached $206 million, mainly short positions
Data shows that in the past 4 hours, network-wide liquidations reached $206 million, with long positions liquidated at $5.92 million and short positions liquidated at $200 million, primarily short positions.
▌BTC breaks through $110,500
Market data shows BTC breaking through $110,500, currently at $110,500.01, with a 24-hour increase of 3.94%. The market is volatile, so please manage risks carefully.
Market
As of the time of writing, according to CoinGecko data:
BTC price is $110,273, 24-hour change +7.0%;
ETH price is $2,686.21, 24-hour change -0.0%;
BNB price is $666.45, 24-hour change +2.2%;
SOL price is $161.19, 24-hour change +5.7%;
Doge price is $0.1948, 24-hour change +5.7%;
XRP price is $2.32, 24-hour change +2.6%.
Policy
▌UK Insolvency Service Appoints First Crypto Asset Commissioner to Recover Bitcoin and Other Digital Assets
The UK Insolvency Service has appointed former detective Andrew Small as the first dedicated crypto intelligence expert, aimed at enhancing tracking and recovery of Bitcoin and other digital assets in bankruptcy and criminal cases. In the past five years, bankruptcy cases involving crypto assets have grown by 420%, with total assets rising from approximately £1,400 in the 2019/20 fiscal year to over £520,000 in the 2024/25 fiscal year. The new position will help the Insolvency Service more efficiently recover crypto assets held by debtors, thereby minimizing losses for creditors and the British economy.
SEC Chair: Economic Freedom, Private Property Rights Are Core to DeFi
According to the DeFi Education Fund, the SEC Crypto Working Group held a roundtable discussion on "DeFi and the American Spirit" today. At the beginning of the roundtable, SEC Chair Atkins discussed how Decentralized Finance (DeFi) aligns with American values: "Economic freedom, private property rights, and the spirit of innovation are the core genes of the DeFi movement." Additionally, Chair Atkins emphasized that neutral tool developers should not be held responsible for third-party actions: "Engineers should not be constrained by federal securities laws merely for publishing such software code. As a court stated, it would be irrational to hold autonomous vehicle developers liable for third-party misuse or bank robbery—quoting the court's decision, in such cases, people would not sue the car company for facilitating illegal activities, but would sue the individuals committing the offense."
▌SEC Chair: Suggests More Open Attitude Towards Crypto Asset Self-Custody
U.S. Securities and Exchange Commission (SEC) Chair Paul Atkins suggested a more open attitude towards crypto asset self-custody during Monday's crypto working group roundtable titled "DeFi and the American Spirit". Paul Atkins stated: "I support giving market participants greater flexibility to self-custody crypto assets, especially when intermediaries impose unnecessary transaction costs or restrict participation in staking and other on-chain activities."
Blockchain Applications
▌Institution: Apple About to Embark on AI Monetization Journey
Wedbush analysts stated that Apple Intelligence's rollout is slower than expected, and Apple is about to enter a period of artificial intelligence monetization. Analysts say the company's system updates for all products will lay the foundation for this profitability. They indicate that Apple Intelligence's first release is just the beginning of a broader AI strategy. The institution estimates that in the coming years, 25% of the global population will eventually access AI through Apple devices. Analysts say the company is expected to provide significant updates soon, integrating Siri with Gemini and ChatGPT.
Cryptocurrency
▌Coinbase International Will List Fartcoin Perpetual Contracts
Coinbase International Exchange announced the addition of Fartcoin perpetual contract support on Coinbase International Exchange and Coinbase Advanced. The FARTCOIN-PERP market will open at 9:30 AM UTC or later on June 12, 2025.
▌Telegram Founder: Collectible Gifts Boost TON's Daily NFT Trading Volume
Telegram founder Pavel Durov posted on his personal channel that "Collectible Gifts prices on the Telegram platform have significantly increased in the past 30 days, driving TON to become the blockchain with the highest daily Non-Fungible Token trading volume, second only to Ethereum if excluding off-chain transactions."
▌Paraguay President's X Account Hacked, "Bitcoin as Legal Tender" Claim is False
According to Reuters, the Paraguayan president's X account was hacked. Hackers published misleading false news claiming Bitcoin as the country's legal tender, misleading journalists.
Important Economic Developments
[Rest of the translation follows the same professional and accurate approach]
It is a liquidity indicator that shows the number of buy and sell orders for a given cryptocurrency at different price points. So, how is market depth displayed? Depth charts are typically used to illustrate this data. On one side, it plots buy orders (bids), and on the other side, it plots sell orders (asks) to reflect price levels.
Disclaimer: Jinse Finance, as a blockchain information platform, publishes articles for informational reference only and does not provide actual investment advice. Please establish a correct investment concept and be sure to enhance risk awareness.
