GenerationalStack

Crypto industry news: On Tuesday, the metals and mining, and precious metals sectors performed strongly, with metals and mining stocks rising by about 3.7% on the day. Among them, NioCorp Developments’ stock rose by about 10.9%, and American Resources’ stock rose by about 8.4%.

CoinBureau news: U.S. Federal Reserve Chair Wash said the Fed has zero tolerance for persistent high inflation.

CoinWorld news: Data released by the New York Fed in June shows that the 1-year inflation expectation is 3.67%, up from the previous value of 3.46%.

CoinWorld news: The SPCX long positions have been fully closed. Before closing, the position size was $3,201,513.97. This swing trader’s capital size is $30 million; they often use high leverage to open a $25 million semiconductor position, and simultaneously place take-profit orders or reverse-position orders. The overall leverage is 0.8, with monthly profits amounting to tens of millions of dollars.

CoinWorld News: Prediction markets show LeBron is currently favored to sign with Cleveland for a third time, with a probability of 42%.

CoinWorld News: SoftBank Group announced that it has completed $10 billion of the $30 billion follow-on investment in OpenAI.

CoinJie.com reports that, since late February, when a war broke out between the United States and Israel and Iran, Iran has resumed regular flights to Dubai for the first time. Earlier, both the US and Iran had agreed to halt a series of attacks in the Strait of Hormuz. According to Iran’s Mehr News Agency, citing the head of Tehran Imam Khomeini International Airport, after months of conflict, preparations to restart the Tehran–Dubai route have been completed, and the first flight departed on Monday. According to Iran’s Islamic Republic News Agency, citing a spokesperson from the country’s Civil Aviation Authority, during the initial phase of the resumption, flights to and from the UAE will be operated by Iran’s airlines, while flights by UAE carriers will begin in the second phase.

Gate.io News: According to onchain lens, two wallets suspected to be associated with Alex Mashinsky sold 17,598 ETH at an average price of $1,548, for a total value of approximately $27.24 million.

In its early stages, the research institute will focus on research in the fields of artificial intelligence and tokenization.

CryptoWorld News reports, citing cryptoinamerica, that U.S. senators are stepping up negotiations to push the CLARITY Act into the full Senate voting process after Congress adjourns. Bipartisan senators will meet this week to discuss provisions including that non-custodial software developers should not be held legally liable for third-party use of their code if they were not aware of its involvement in illegal purposes.

CryptoWorld News reports that U.S. Senate Banking Committee Chairman Tim Scott confirmed on CNBC that the bill banning CBDCs will become law within a few weeks.

CoinWorld News: The ETH short position on the pension-USDT.ETH address has reduced by 2,134.50 ETH, which is approximately $3,995,630.80 at the current price.
The holdings of this address amount to $44,137,755.22, with an average price of $1,810.16, and a current profit and loss of +$1,949,309.75 (+13.25%).
The current coin price is $1,733.60, and the liquidation price is $3,103.61.
This whale often profits through swing trading, with a strategy of low leverage, short cycles (average holding about 20 hours), mainly operating large positions in BTC and ETH.
Since October, the accumulated profit has exceeded $20 million.

CryptoWorld News reports that Bittensor has proposed a new plan aimed at transforming its validators into roles similar to fund managers.
The proposal will change the way the network pays validators, allowing validators to choose supported sub-networks, with earnings reinvested into these sub-networks, thereby reducing selling pressure on their tokens.
Bittensor is a decentralized AI network where users earn rewards by staking their main token TAO.
The proposal is called "Root Reborn" and has been submitted on Bittensor's GitHub, intended for testing on the network rather than the mainnet.

$SOL Reaching Social Level 10, thank you all for your support!👌🏻

CryptoWorld News: XPL rose 30% on June 12, with a price of approximately $0.0826, a 24-hour trading volume of about $158 million, and a market capitalization of around $208 million. Over the past 30 days, it has decreased by 14.74%. The increase is related to the launch of Plasma One tiered membership, which may require holding or locking XPL. Plasma One is a stablecoin payment application available in over 150 countries worldwide, with cashback settled in XPL, and membership levels affecting cashback and earnings. Data shows that trading volume surged by 232.44% during the upward period.

Crypto World News reports that the ETH short position on pension-USDT.ETH has increased its unrealized profit to $6.83 million, a rise of approximately 20.14%. The average price for this address is $1,810.16, with the current price at $1,696.30, and the liquidation price at $2,380.12. The position size has reached $101.78M. This whale often profits through swing trading, mainly using low leverage and short cycles (average holding period of about 20 hours). Since October, the accumulated profit has exceeded $20 million.