💎Crypto Daily Report for June 5, 2024 (Wednesday)💎

🔥Industry Highlights

In May, the ADP employment number in the U.S. was 152 thousand, lower than expected.
After the launch of $ETH spot ETF trading, the increase in $ETH will catch up with / surpass $BTC.
$TON network's TVL has surpassed $400 million, reaching a new all-time high.

🔥Protocol Updates

Polkadot launches PolkaPort East in Hong Kong, with grants provided by the Web3 Foundation.
The foundation will send 1% of the $ETHFI supply to the Protocol Guild.
Aethir has released airdrop details for $ATH: a total of 6% will be used for the airdrop, with Season 1 airdrop available for collection starting June 12; $ATH is listed on the Bitget pre-market trading.
Open Campus has voted on a proposal to allocate 150 million $EDU tokens to active main node operators.
Bithumb has added $XAI trading in the Korean won market, briefly rising nearly 10%.
Swell Network: Airdrops will adopt linear release, with the amount depending on the number of pearls.
$FLOKI has become the meme coin with the most holders on the $BNB Chain.
Injective has burned 60 thousand $INJ in May, with over 50 million $INJ currently staked.
The Filecoin ecosystem's new public product design and development team, FilOz, will accelerate Filecoin storage adoption and support healthy network economic development.
Mina Protocol has completed the Berkeley upgrade.
Uniswap will announce significant news soon.

🔥Price Movements

Total crypto market cap: $2.62 trillion; Fear & Greed Index: 75.
In the last 24 hours, there were liquidations totaling $114 million, primarily in short positions.

$ETH / $BTC exchange rate: 0.054; BTC: $71,000; ETH: $3,819; $BNB: $702.

Altcoins: $BURGER +28.86%; $ATM +24.17%; $CAKE +15.5%; $XVS +13.3%; $CREAM +12.45%; $TON +12.3%; $UNI +17.82%; $STX +12.85%; $STRK +9.93%; $OYTH +9.5%; $CEL +36%; $ATM +26.7%; $CKB +19.41%; $ORDI +13%;

Meme: $SHIB +7.66%; $FLOKI +27.45%; $SLERF +32%; $DJCAT +40.2%; $DEGEN +7.1%; $MFER +33.1%

🔥Policy and Regulation

Argentina has officially launched a registration center for virtual asset service providers.
The Central Bank of the UAE's board has approved the release of regulations and licensing for stablecoins.
Turkey is considering taxing investment gains from stocks and crypto assets.
FTX has reached a settlement with the IRS over a $24 billion tax claim.

🔥Investment Financing

The stablecoin protocol M^0 has completed a $35 million Series A financing round, led by Bain Capital.
STEPN developer FSL has announced a strategic investment in Mythos ($MYTH).
Tether has invested $18.75 million in the Taiwanese cryptocurrency exchange XREX.
Web3 security company GoPlus has completed a $10 million private round financing, with participation from OKX Ventures, to create a modular user security layer for Web3.
Ethereum Layer 2 Fhenix has completed a $15 million Series A financing round, led by Hack VC.
MarketingFi and AI data layer Cookie3 have completed $5.50 million in financing, led by Animoca Brands.