The Blockchain Group collaborates with TOBAM to launch a 300 million euro "ATM type" capital increase plan

Odaily Planet Daily News: Bitfinex Alpha report points out that Bitcoin is at a crossroads, driven by strong spot demand, profit taking by long-term holders, and macroeconomic risk recovery, Bitcoin has ushered in a typical upward trend, falling more than 10% from historical highs. On June 5th, Bitcoin experienced its last decline, with a single day long liquidation amount exceeding $875 million, highlighting the degree of deleveraging. Over the past week, the total liquidation amount of Bitcoin has exceeded $1.9 billion, and the leverage ratio has now been forcibly reset. The technical structure shows that the rise of Bitcoin is supported by real demand, and the spot market is rising in a tiered manner, with key fundraising points located at $93000-96000 and $102000-104000, respectively.

Odaily Planet Daily News: According to Eric Balchunas, a senior ETF analyst at Bloomberg, ProShares and Bitwise have submitted ETF applications to the US SEC to track Circle stocks, namely: ProShares Ultra CRCL ETF and Bitwise CRCL Option Income Strategy ETF. The trading code is currently pending and the expected effective date is not August 20th.

According to BlockBeats, on June 9th, James Wynn's liquidation story, which went from $7000 to $25 million and then fell back to the liquidation line from a profit of $87 million, is causing a huge reflection in the cryptocurrency industry. This "10U God of War", who gained fame for accurately predicting the skyrocketing market value of PEPE, ultimately experienced a trading collapse on the open and transparent Hyperliquid platform, manipulating Bitcoin and Meme with dozens of times leverage. BiyaPay analysts pointed out that Wynn's case fully illustrates that high leverage does not bring stable returns, but rather extremely risky games. Even technically skilled traders find it difficult to resist market volatility, emotional interference, and public opinion pressure in the long run. On decentralized trading platforms, although transparency enhances trust, it also exposes positions and is hunted down by "counterparty trading". Wynn's downfall reminds us that cryptocurrency trading is not a casino, rationality and risk control are the key to long-term success. Excessive reliance on leverage and influence promotion not only fails to sustain profits, but also amplifies the cost of failure. In this volatile and opportunistic market, BiyaPay adheres to compliance and stability, focusing on providing users with secure and transparent digital asset trading services: USDT withdrawal of 30+fiat currencies including US dollars, compliant withdrawal, zero freezing of cards 200+cryptocurrency transactions with zero transaction fees Exchange USDT for USD and HKD to invest in US and Hong Kong stocks without the need for an offshore account BiyaPay will continue to build a stable investment bridge for users and maintain its original value in the noisy market.

Odaily Planet Daily News: According to Onchain Lens monitoring, a giant whale opened a Bitcoin short position with 40 times leverage, worth about $65 million, and previously made a profit of about $7.58 million; Another whale opened a short position in Bitcoin with 35 times leverage, worth approximately $43 million.

According to BlockBeats, on June 9th, after 18 months of joint investigations by multiple agencies, Australian law enforcement agencies dismantled an organization suspected of conducting sophisticated money laundering in Queensland, and four individuals involved were charged. The organization is suspected of secretly transporting cash nationwide and laundering millions of Australian dollars in criminal proceeds. A 32 year old man from Heathwood, Brisbane, is accused of being the main customer of the money laundering network, laundering approximately AUD 9.5 million in 15 months. He was charged with money laundering and refusing to provide a phone password on Thursday, June 5th, and has been remanded. He is expected to appear in Brisbane District Court today (June 9th). As early as December 2023, QJOCTF began investigating suspicious financial transactions and ultimately linked the man to a large company that accepted multiple suspicious third-party transfers. Investigators traced the flow of funds and found that he was a client of a sophisticated money laundering network operated by a security company on the Gold Coast. The security company converted up to AUD 190 million in cash into cryptocurrency through its armored cash transport department. The investigation into the source of the 190 million Australian dollars in cash is still ongoing. This security company headquartered on the Gold Coast used a complex network of bank accounts, businesses, couriers, and cryptocurrency accounts to launder millions of Australian dollars in illegal funds within 18 months.