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Airdrops in 2024 generally performed poorly, with most failing within 15 days and 88% of tokens losing value within a few months despite initially surging prices.
Bitcoin has experienced a decline today, falling below $64,000, despite recently breaking above $66,000.
Daily revenue on Pump.fun reached $1.1 million on Saturday.The following is an excerpt from The Block’s Data and Insights newsletter.
Bitcoin’s price dropped by over 3% in the past 24 hours amid a “long squeeze” in the perpetual futures market, according to CryptoQuant data.The crypto market downturn coincided with growing caution in global equities as investors brace for potential interest rate hikes from the Bank of Japan that could impact overall risk sentiment.
- 19:25In the past 24 hours, $401 million in contracts were liquidated across the network, primarily long positionsPANews reported on May 15 that Coinglass data shows that in the past 24 hours, the cryptocurrency market saw a total liquidation of $401 million in contracts across the network, with long positions liquidated at $328 million and short positions at $73.686 million. The total liquidation amount for BTC was $57.7693 million, and for ETH, it was $98.5453 million.
- 19:22US Government Official: Treasury Department May Issue General License Covering Broad Economic Sectors in Coming WeeksU.S. government officials: The Treasury Department may issue a general license covering a wide range of economic sectors in the coming weeks, aimed at supporting reconstruction efforts.
- 19:21Data: Today's US Bitcoin ETF net inflow is 2,494 BTC, Ethereum ETF net inflow is 27,202 ETHAccording to Lookonchain monitoring, today 10 US Bitcoin ETFs had a net inflow of 2,494 BTC, with BlackRock accounting for an inflow of 2,250 BTC. BlackRock currently holds 627,986 BTC, valued at $64.19 billion. 9 Ethereum ETFs had a net inflow of 27,202 ETH, with BlackRock accounting for an inflow of 22,097 ETH. BlackRock currently holds 1,281,114 ETH, valued at $3.23 billion.