U.S. API Refined Oil Imports for the Week Ending June 6

Good morning ☀ Iron fans check in 👍 Like and make a fortune 🍗🍗🌹🌹 ☆ Overnight, Biden vetoed the controversial [SAB 121] encryption rule by Congress on the US SEC, which requires financial institutions to include customers' digital assets on their balance sheets. Why is this important? First, it will reduce the cost of cryptocurrency custody: abolishing [SAB 121] will lower the cost for banks to provide cryptocurrency custody services, and the abolition may enhance cryptocurrency investment and confidence. Of course, the veto may lead to Congress attempting to overturn the resolution, thereby exacerbating legislative tensions, and [FIT 21] will also be affected. ☆ In addition, BlackRock disclosed information about Ethereum Spot ETF seed investors, which is expected to start trading in late June or early July. Regarding Ethereum, the only unfavourable information outside the technical side is the dump of grayscale ETHE. For three consecutive days, some Fed officials have been hawkish, and expectations for interest rate cuts in the second half of the year have generally dropped. Among them, the probability of an interest rate cut in September is about 45%, and the probability of a rate cut in November is about 60%. There are also some dovish comments that the frequency of two rate cuts will be maintained during the year. After Nvidia breaks through the all-time high, it is about to welcome the Super AI Alliance (ASI) in the circle, that is, AGIX, and the three tokens of FET and OCEAN will be merged into one. The birth of artificial superintelligence is expected to lead to a new round of AI market outbreak, and related zones can be focused on in the short and medium term after the phased shutdown of meme. In a market full of manipulation and full of aggressive dumping, not getting out of the car at will, let alone entering a position at will, is an essential skill for long-term survival. Since the market adjustment, the mainstream zone has been eager to try, I hope it is not a flash in the pan! ☆ After Bitcoin hit a high of 69000, the bulls were unable to continue, and the price gradually fell after encountering strong resistance. The lowest point for BTC reached the support range of 66600, and the bottom support at 67000 has still not been effectively broken in this round of decline, completing another round of defense. Currently, the price has seen some upward movement during the day session, but it still falls into a stagnant situation after encountering resistance at the high point. The overall trend over the weekend is still a range-bound fluctuation. Due to the relatively slow trend, there is not much technical change. The key support at 65500 is also the daily MA60 moving average support for BTC, which has not been broken since the middle of last month until the end of the month, supporting the upward price movement continuously. ☆ After the strong performance of the bulls at the end of last month, Ether experienced a period of volatility in the last few days of the month. After the monthly line change, the price returned to the inside of the Bollinger Bands, completing the recovery. In the subsequent performance, we should pay attention to the release of this month's non-farm payroll and CPI data, which may enhance market confidence and push the price higher! The market is also optimistic about the start of trading for the spot ETF of Ethereum. It is possible to open trading in mid-June, which is undoubtedly a major positive development for Ethereum. Combined with the recent stable price trend of Ethereum and strong support at the bottom, it has been maintaining at a relatively high level. Therefore, it is very likely that Ethereum will break through the strong resistance and reach new highs this month! The Bollinger Bands on the 4-hour chart of Ethereum are narrowing, and the market is testing the resistance of the 60-day moving average and the upper band. If it fails to break through, it will still be in a short-term consolidation phase. The upper level should pay attention to the line at 3820-3850. If it can break through, it may extend to 3880-3920-3950. The short-term support is at 3750-3720. If it doesn't break, the market will still be biased towards consolidation with an upward trend. If it breaks, the probability of holding the 3700 support will decrease. For now, let's focus on the short-term support level. If it breaks, then we need to look at the line at 3670-3650.

There are new hotspots in the encryption market every day. The trend of the encryption market yesterday gave people a sense of excitement, as if there was a feeling of chaos. The sector rotation is intermittent. The currency of the original universe chain game board has also experienced a short-lived market. The hot new coin market has cooled again. The meme sector has started to pull back, and the new coin market has been short-lived. The SOLana sector has pulled back, and the AI artificial intelligence sector is in a state of silence. The overall market continues to choose a box oscillation and tug-of-war! ☆ ☆ The pancake is still oscillating widely, and it has never broken the previous high. It has drawn a few doors back and forth. The market lacks the catalyst to break the previous high. Some views believe that the Fed's interest rate cut or significant inflation decline will push the pancake to a new high. It may only take a cpi decline to reach the turning point of the interest rate cut. Besides the European Central Bank may start the interest rate cut cycle on Thursday this week, Canada may also start the interest rate cut cycle, which is an event worth paying attention to. At present, the market predicts a high probability of a 97% interest rate cut by the European Central Bank in June and an 80% probability of a interest rate cut by Canada. These two institutions are very likely to cut interest rates. Afterwards, it remains to be seen whether the signal transmitted by the European Central Bank's interest rate cut will continue to decline. As for the Fed, it always has to cut, and it cannot escape the law of the cycle. Pay attention to the real-time dynamic changes in the news! ☆ ☆ AI板块大动作即将开始,FET、AGIX、OCEAN合并为ASI将于6月11日开始。 SingularityNET(AGIX)宣布与 Fetch.ai 和 Ocean Protocol 进行人工超级智能联盟(ASI)代币合并的最终日期。 合并将于 6 月 11 日开始,统一在一个Decentralization人工智慧智能(AI)网络下进行,FET 将更名为 ASI,并于 6 月 13 日完成。 对于 FET、AGIX 和 OCEAN 代币持有者而言,合并将涉及以特定的兑换率将这些代币转换为 ASI 代币。 FET 代币将以 1:1 的比例转换为 ASI,以 1:0.433226 的比例转换为 AGIX,以 1:0.433226 的比例转换为 OCEAN。 ERC-20 代币将于 6 月 11 日推出,用户可以通过代币迁移合约将 FET 换成 ASI 代币,随后将于 6 月 13 日开启兑换 AGIX 和 OCEAN 代币。

📆 Flash News 04/06/2024 1️⃣CoinShares weekly report shows a net inflow of $185M into digital asset investment products last week. 2️⃣The probability of the Federal Reserve maintaining rates unchanged in June is 99.9%. 3️⃣The Block reports nearly 500,000 tokens were created on the Solana blockchain in May. 4️⃣FET, AGIX, and OCEAN will merge into ASI starting June 11th. 5️⃣Runes' trading volume was approximately $84M last week, a 77.6% increase from the previous week.

#FET# FET, one of the artificial intelligence coins that will turn into ASI, has increased by 29.80% in the last 24 hours. Despite the turbulent market conditions, FET's significant rise provides confidence for both the exchange rate and the artificial intelligence trend. This popular altcoin has managed to take the top spot on the list with its latest move.

News flash 2024/6/21 Yesterday, 9 Bitcoin spot ETFs reduced their holdings by 1290 BTC. IntoTheBlock data shows that 16.3% of the currently staked Ethereum is participating in re-staking in protocols such as eigenlayer, Karak_Network, and symbioticfi. LayerZero introduces a 'donation proof' claiming mechanism, users need to donate 0.1 USDC, USDT, or native ETH for each ZRO they claim. 4. AGIX and OCEAN will be first converted to FET starting from July 1st, and then transition to ASI tokens. 5. The Ethereum Name Service ENS announced the launch of the ENSv2 project, aiming to expand ENS to Layer 2.