GateUser-7cb48814

According to the Aave governance forum, EtherFi has proposed a Temp Check, requesting to deploy an Aave V4 exclusive white-label instance operated by itself on OP Mainnet as the credit backend for the Visa card product EtherFi Cash, replacing the current Debt Manager. This instance will share liquidity and other market isolation with Aave: EtherFi will handle configuration, risk parameters, liquidity, and operations, while Aave will provide V4 deployment and operational licenses and receive 20% of the reserve factor income. The commercial terms also include integrating GHO, deploying GHO GSM on OP Mainnet, introducing up to $175 million in assets at launch, and granting EtherFi Cash exclusive use of the Aave V4 lending market. The proposal will

$BTC | Update (1W)
If we observe the overall weekly structure, we can notice how the first weekly candle of this month gave us a decent dump to the downside, which ended up sweeping the previous local low.
After the sweep of the previous low, we saw a retest back towards the upside in the following week, where we rejected the previous weekly body lows.
Following that rejection, the last weekly candle retraced the entire bullish retest candle and closed below its open.
Now, the current weekly candle opened and pushed straight towards the upside, taking out the weekend highs and grabbing the liquidity resting above them.
Combining all of this together, we get a clear picture. The bears were dominant at the start of the month and targeted the liquidity at the lows. After that, we got a bearish retest for refueling bearish momentum, and now the bears are trying to push the price lower again.
We have liquidity building up around the previous weekly lows. As of now, we pumped straight up from the weekly open without any wicks to the downside, which means the weekly open region is likely to be revisited again.
If we lose the weekly open on the revisit, it opens the room for a move down towards the 58.9k-54.5k region this week.
On the other hand, if we hold the weekly open, it will validate a push towards the 65.7k region. Meaning, we will most likely remain range-bound until the end of this month.
Going into the monthly close, we're either going to see a strong impulse to the downside, or a slow boring sideways PA between 63.2k-67.5k.

CryptoWorld News: On June 16th, OpenAI Codex experienced a "model capacity reached limit" error, causing many users to temporarily be unable to use the service. OpenAI's core product lead Thibault Sottiaux acknowledged the issue on X and stated that the team is working on a fix. The issue has been successfully resolved, and the team will reset the rate limits for Codex across all subscription plans within 24 hours.

this is the main reason why all market is dropping, my question is are you going to join the IPO and be someone's liquidity exit or you avoid it and stay away from it? what is your call 🤙? go or no? above all this is just my point of view and not financial advice 😉

CoinWorld News reports that a BTC OG insider whale has recently increased its ZEC long positions by 22,487.06 coins, worth approximately $1,039,610.39. The whale’s total position size has reached $12,619,823.07, with an average price of $460.00. It is currently showing profit/loss of +$61,970.27 (+0.98%). The current coin price is $462.27, and the liquidation price is $0. This address previously held more than 50,000 BTC. After being dormant for 8 years, it gradually swapped some BTC into ETH. Its actions have repeatedly been highly synchronized with Trump’s statements and the developments in U.S. policy.

$ETH Wasted 5 years of my life for this shit.

Crypto World News reports that research institution Citrini Research said in its latest report that Hyperliquid is an “attractive” investment. Citrini noted that, unlike most crypto projects (including Bitcoin), Hype can generate real cash flow: more than 90% of the platform’s fee revenue will flow into the Assistance Fund and be systematically used for secondary-market repurchases of Hype. The report said that, based on partial statistical measures, Hyperliquid’s token buyback volume in 2025 will account for nearly half of all crypto market buyback activity. Citrini expects Hyperliquid still has substantial room to grow its market share.

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Bit Universe News: Russia’s Ministry of Defense: Launched strikes on multiple defense industry facilities in several regions of Ukraine.

According to Dongcha Beating Monitoring, Perplexity announced the full rollout of a new search architecture, Search as Code (SaC), across the Perplexity Agent API and their self-developed Computer products. The new architecture abandons the traditional serial loop pattern in which intelligent agents rely on multi-turn reasoning for function calling or MCP tool invocation, instead allowing the agent to directly generate

The Japan Liberal Democratic Party Blockchain Promotion Members' League submitted a proposal to the Minister of Finance, calling for the integration of blockchain/Web3 into the national strategy, covering tax systems, crypto ETFs, leveraged trading regulation, unregistered operators, and tax treatment. The proposal offers a choice between separate taxation for declaration and source separation taxation, and studies the tax treatment of crypto asset inheritance and exchanges. It also advocates for increasing leverage, clarifying ETF positioning, and strengthening cross-border law enforcement cooperation. Katayama Gatsuki stated that they will promote institutional development and study a new tax system to be implemented before 2028.