BNB falls below the $600 mark

BlockBeats News: On June 19th, Ethereum co-founder Vitalik posted on social media titled "Ethereum's Bull Market Argument: Global Reserve Assets for Digital Oil, Value Storage, and Digital Economy. The tweet was forwarded from relevant content previously released by Etherealize, an Ethereum ecosystem business expansion and marketing company, but Vitalik changed the image of "Ethereum Digital Oil" in the original tweet caption to the image of "Ethereum Bull".

The large transaction data in the past 12 hours shows that the main force bought $11.25 million and sold $5.94 million, with a net inflow of $5.3 million. The buy to sell ratio is 1.89:1, indicating a clear preference for long positions. Especially near key support levels, the main force has repeatedly attracted funds through large market purchases, such as large purchases in the range of $104862 to $104868, further consolidating short-term rebound momentum. The current 1-hour cycle candlestick shows a cross shaped pattern, with prices fluctuating between EMA24 and EMA52, but trading volume has significantly shrunk, and the market is in a hesitant phase. Combined with the indicator of large transactions, the main behavior has already revealed directional signals in advance. By opening a membership, you can obtain more accurate analysis of the main trend! The data is sourced from the PRO member's [BTC/USDT Binance 1-hour] candlestick, for reference only, and does not constitute any investment advice.

Billionaire and Galaxy founder and CEO Michael Novogratz stated in a Bloomberg TV interview on Wednesday that the milestone stablecoin legislation will attract more traditional financial institutions to enter the cryptocurrency market. He stated that when he founded Galaxy in 2017, he anticipated that institutions would eventually enter the market, and now this trend has emerged. Novogratz looks forward to the implementation of the stablecoin bill and hopes that there will be a market structure bill in the future to further promote the integration of traditional finance and cryptocurrency technology. In addition, he also revealed that in the future, he will see equity tokenization in both cryptocurrency and non cryptocurrency fields, and his company will collaborate with various parties to provide white label and customized solutions.

According to Bitcoin.com, the French National Assembly recently rejected a proposed amendment regarding Bitcoin mining. The proposal suggests studying the possibility of using France's surplus electricity for Bitcoin mining to optimize the operation of nuclear power grids. The proposal was rejected due to procedural issues without discussion, based on Article 98 of the parliamentary procedural rules. If this proposal is passed, it will make France one of the few countries after El Salvador and Bhutan to include Bitcoin mining in their national energy strategy. Analysts point out that similar proposals are difficult to resubmit in the short term, as Bitcoin mining is still considered an environmental threat in France. The parliament stated that this rejection is only for the issue of proposal form, and more concise amendments may be submitted in the future.

Odaily Planet Daily News: According to official sources, Binance Wallet will launch an exclusive TGE event for League of Traders (LOT) on June 20th. Subscription period: June 20, 2025, from 4:00 pm to 6:00 pm (UTC+8). Subscription eligibility: Eligible users must use Binance Alpha points to participate, and an additional 40000 LOT will be used for future activities. Specific details will be announced separately.