According to BlockBeats, on June 18th, TD Cowen, an investment bank, suggested that President Biden's nominations for two leaders of the U.S. Commodity Futures Trading Commission (CFTC) could potentially impact the agency's future approach to cryptocurrency. Last week, Biden nominated CFTC Commissioner Christy Goldsmith Romero to head the Federal Deposit Insurance Corporation (FDIC) and Kristin Johnson to serve as Assistant Secretary for Financial Institutions at the Department of Treasury. Both nominees have advocated for the agency to establish rules or guidelines to protect consumers and address conflicts of interest in cryptocurrency. If Romero and Johnson successfully assume their new roles, the CFTC will be left with Democratic Chairman Rostin Behnam and Republican Commissioners Caroline Pham and Summer Mersinger, giving the Republicans a majority. In a report on Monday, TD Cowen stated that given these changes, the Biden administration will quickly fill these two vacancies. However, the replacements may not be confirmed until the fall.

On Jun 17, 2024, 16:48 PM(UTC). According to Binance Market Data, Bitcoin has crossed the 66,000 USDT benchmark and is now trading at 66,031.25 USDT, with a narrowed narrowed 0.87% decrease in 24 hours.

According to CryptoPotato, Polkadot's native token, DOT, has experienced a 4% weekly decline, currently trading around $6.20. However, some analysts predict a potential resurgence in the coming months. Despite the recent market correction, DOT has not been as severely impacted as other leading cryptocurrencies. Analysts, including Michael van de Poppe and Crypto Tony, suggest that the asset is in an accumulation phase and could see a bullish trend if it maintains above a certain resistance level. Van de Poppe stated that DOT is reaching a crucial area of support and accumulation. He anticipates that the asset will be a significant mover in the coming years, based on the numerous projects within the Polkadot ecosystem, such as the growing RWA industry. He predicts a rally towards $17 if the token surpasses the major resistance level of $9.29. Crypto Tony believes that DOT bulls are holding well at the moment. He suggests that the bullish trend could be interrupted if the asset falls below the $5.80 mark. 'If we can continue to hold for a few weeks, I will look for an entry,' the trader said. Other analysts, including Crypto Thanos and il Capo of Crypto, have also commented on the asset's potential. Crypto Thanos suggested that as long as DOT trades in the $6-$7.50 range, it is in the accumulation range. He has high expectations for the asset based on several fundamentals. Il Capo of Crypto, on the other hand, stated that DOT is forming a new bullish trend and is leading among major blockchains in advancing Artificial Intelligence (AI) and gaming. In addition, Ash Crypto, a user with over a million followers, revealed that they still hold over 120,000 DOT tokens, which currently equals almost $750,000.

The lawsuit shows decentralized organizations increasingly need legal structures to operate in the offchain world. source: https://thedefiant.io/news/nfts-and-web3/pleasrdao-suing-martin-shkreli-over-ip-rights-is-a-sign-of-a-maturing-ecosystem

Don't miss U.Today's news digest with the hottest news from the last weekend! source: https://u.today/shiba-inu-gains-support-from-british-red-cross-ethereum-etfs-may-be-approved-by-july-2-top-expert

Broadcom successfully tied its fortunes to VMware but will its upcoming stock split get more retail traders invested in the stock? source: https://tokenist.com/will-broadcoms-10-for-1-split-offer-a-boost-for-the-stock/?utm_source=rss&utm_medium=rss&utm_campaign=will-broadcoms-10-for-1-split-offer-a-boost-for-the-stock

포캐스트에 따르면 미국 증권거래위원회(SEC)의 암호화폐 부서 책임자(Lead) 데이비드 허쉬(David Hirsch)가 "이직에 관한 주장은 거짓"이라고 밝혔다. 앞서 그는 토큰 런치패드 플랫폼 펌프펀(Pump.fun)으로 이직한다는 소식이 전해진 바 있다.

The Open Network (TON) has achieved a record Total Value Locked (TVL) of $608 million, indicating a thriving ecosystem and increased investor trust. source: https://forkast.news/ton-blockchains-tvl-soars-past-us600-mln-signaling-growth/

Data suggests the average cost of mining Bitcoin is standing around $86,700 right now. Here’s what history suggests could happen next for BTC. Bitcoin Average Mining Cost Is Currently Notably Higher Than The Price In a new post on X, analyst Ali Martinez has talked about how the average mining cost of BTC is looking like right now. The Bitcoin network runs on a consensus mechanism based on the... source: https://www.newsbtc.com/bitcoin-news/bitcoin-average-mining-cost-86700-price-surpass/

As the trading week kicks off, three notable stocks are capturing Wall Street's attention. Best Buy, GameStop, and Micron Technology are all in the spotlight today. source: https://tokenist.com/stocks-to-watch-today-best-buy-gamestop-and-micron-technology/?utm_source=rss&utm_medium=rss&utm_campaign=stocks-to-watch-today-best-buy-gamestop-and-micron-technology

So far, there are 67 million individual inscriptions, including ordinals, BRC-20, runes, etc. The landscape has also changed dramatically.

As a pioneer in the field of AI Agent, Optopia's practice of combining with intent also has positive exploratory significance for the entire market.

The NEAR Foundation launched Nuffle Labs on June 13 and raised $13 million in strategic funding.

Golden Finance launches Golden Web3.0 Daily to provide you with the latest and fastest news on games, DeFi, DAO, NFT and Metaverse industries.

NEAR Foundation在6月13日成立了Nuffle Labs，并筹集了1300万美元的战略资金。

The airdrops in June came one after another. After LayerZero, another star project ZkSync took the airdrop baton.

In the final analysis, for Web3 projects, when designing a cold start mechanism, they still need to carefully consider the valuable user profiles for their products, and design corresponding mechanisms based on the current environment to effectively motivate the above valuable users.

Explore the market dynamics of memecoins and NFTs in the current bull run vs. previous bull runs.

Web 3 games and entertainment studio Pixelverse has reportedly secured $5.5 million in venture capital funding for global expansion

From an investment perspective, GenomesDAO has a usable product, revenue to earn, a potential narrative, and developer persistence.