Cryptocurrency panic and greed index drops to 11

According to Bitcoin News, a Bitcoin wallet that has not been active since 2011 transferred 35.55 BTC worth approximately $2.54 million yesterday. This move aims to prove that the wallet has not been abandoned. Previously, the wallet was listed as a defendant in a lawsuit in New York, which claimed that nearly 3.8 million dormant bitcoins were legally abandoned assets. A US man has filed a lawsuit with two companies, demanding ownership of over 39000 dormant Bitcoin addresses.

According to Binance's official announcement, the USDT/AED spot trading pair will be launched on June 4th at 4:00 PM (UTC+8), and the spot algorithm order trading robot service will be opened. AED is the currency code for the United Arab Emirates dirham.

James Fickel once lost about 25000 ETH (approximately $463 million) in ETH/BTC long trades, and now has deposited 10000 ETH (approximately $186 million) into Coinbase Prime. （Lookonchain）

White House crypto advisor Patrick Witt stated that the Clarity Act is the most law enforcement backed crypto bill considered by Congress. （Cointelegraph）

According to Alternative data, the cryptocurrency panic and greed index was 11 today (23 yesterday), and the sentiment of "extreme panic" rapidly intensified in the Bitcoin downturn. The range of the panic index is 0-100, and the calculation indicators include volatility (25), market trading volume (25), social media popularity (15), market research (15), the proportion of Bitcoin in the entire market (10), and Google keyword analysis (10).