Altcoin prices can benefit indirectly

When #Bitcoin price surges, it creates a lift-up effect for the entire crypto market. Similarly, this occurs in the altcoin market when #Ether surges.

The SEC halting its investigation may be relevant to other altcoins the agency has accused of being securities.

The SEC has opened cases against crypto exchanges Binance and Coinbase for a variety of securities law violations. The SEC has named several altcoins as securities, including  #SOL , #ADA , #MATIC

projects such as Aave or Chainlink from the decentralized finance (DeFi) sector or layer-2 chains such as #Arbitrum,#Optimism could benefit from the SEC’s retreat.

This week, the cumulative net outflow of spot Bitcoin ETF in the United States was $544.1 million

According to Farside Investors, the cumulative net outflow of spot Bitcoin ETF in the United States this week is $544.1 million, including a net outflow of $152.3 million from Grayscale GBTC and $271 million from Fidelity FBTC.

American rapper's 50 Cent X account was stolen, and hackers promoted GUNIT coins to defraud $300 million

American rapper Curtis James Jackson III (stage name "50 Cent") claimed that his X account and website were hacked, causing hackers to promote a cryptocurrency and defraud the victim of $300 million. The hacker created a new crypto token "GUNIT", which used 50 Cent to attract more investors and raise the price, and then exhausted its value, and the token price plummeted to $0.00016. On June 21, 50 Cent posted on his 32.8 million followers on Instagram claiming that his X account and website had been hacked, and admitted that a large amount of the victim's money had been lost from the project. Twitter quickly locked my account. No matter who did it, he made $300 million in 30 minutes," 50 Cent declared, "has nothing to do with this cryptocurrency."

Compound passed Proposal 260 and plans to adjust the risk parameters of cUSDCv3 on Optimism

According to financial reports, the Compound governance page shows that Proposal 260 has been voted through by the community and is expected to be implemented within three days. The proposal shows that Gauntlet proposes to update the risk parameters of Optimism v3 USDC comet.

Compound passed Proposal 260 and plans to adjust the risk parameters of cUSDCv3 on Optimism

According to financial reports, the Compound governance page shows that Proposal 260 has been voted through by the community and is expected to be implemented within three days. The proposal shows that Gauntlet proposes to update the risk parameters of Optimism v3 USDC comet.