AiCoin Research Institute Live Broadcast: "Chain Signal 04 Issue" Whale Tracking Practice (Free for Pro Members)

Analyst @ Crazzyblockk pointed out that the exchange's leverage ratio has reached the top 5% of historical highs, and the current market rebound is driven by borrowed margin, lacking spot liquidity to support the rebound. （CryptoQuant）

The UK's GDP in May increased by 0.1% month on month, in line with market expectations. Ebury stated that the data reflects that the recovery is still fragile. The tense situation in the Middle East has kept businesses vigilant. According to media reports, Prime Minister elect Burnham may appoint current Home Secretary Mahmood as Chancellor of the Exchequer, causing the EUR/GBP to drop to a 13 month low.

The United States Senate has unanimously passed a non binding resolution that explicitly states that FTX founder Sam Bankman Fried should not receive a presidential pardon or commutation of sentence under any circumstances. The resolution was pushed by Senators Cynthia Lummis and Ruben Gallego. Sam Bankman Fried was convicted in November 2023 on seven charges related to the collapse of FTX and is expected to be released as early as around 2044. US President Trump stated in January this year that there are no plans to pardon Sam Bankman Fried.

The US House Financial Services Committee will hold an on-site hearing tomorrow to discuss how the CLARITY bill will unleash financial innovation.

According to CryptoQuant data, Binance's XRP reserves have dropped to 2.61 billion, the lowest level since February. （Cointelegraph）