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🔥 Market Brief Wednesday - 06/03 + Bitcoin set a new ATH at $69.1K and quickly dropped to $63K, liquidating more than $1.1B of assets, mainly Long [CT] orders + Bitcoin ETF continues to set records with $10B volume, a sign of profit-taking activity as BTC establishes new ATH? [CT] + Fed Chairman Powell has a hearing before the US House of Representatives from 22:00 tonight [CT] + Grayscale launches a staking fund including 9 cryptocurrencies: APT, TIA, CBETH, ATOM, NEAR, OSMO, DOT, SEI & SOL [CT] + Bitcoin bridge OrdiZK rug pull, Founder hug $1.4M run away [CT] + AI network Sahara raises $6M from Polychain [CT] + Fetch AI (FET) announces $100M fund to invest in facilities, boosting HST [CT] + Airdrop: [CT] - Zora – Mint NFT 2 Blast Anniversary NFT & Rainbow Wallet - Super Sushi Samurai – New Tele & Blast Game - Bowled launches WL exchange point hunting show

The crypto market ushered in a big decline, the spot trading volume of the CEX in March was $2.48 trillion, and the total market capitalization of W is now over $14 billion...

The market is volatile, the top key currency has reached a new high, Bitcoin has become the 13th largest currency in the world, Musk said that Tesla will support DOGE payment at some point in the future...

Original Author: Syndicate Original text translation: DeepFlow TechFlow As discussed earlier, L3s faces real challenges to economic sustainability. Although Base only generated over $30 million in revenue through sequencers in the first quarter of 2024, the effective methods for a few L2s, such as Base, Arbitrum, OP Mainnet, and Polygon, do not apply to L3. Why is that?  Currently, L3

Original title: This is the AI x Crypto Cycle Original author: David Hoffman, Bankless Original compilation: Kate, MarsBit AI x Crypto is real. The fundamentals are there, and so is the speculation. Every bull market cycle is defined by the mania it breeds. • 2013 is the era of “proof-of-work forks and fair releases” • 2017 is the year for ICOs • 2021 is the NFT bubble I now call it: The 2024 cycle will be called AI x Crypto