#BTC ● The U.S. stock market is suspected to have experienced abnormal market conditions due to software malfunction, Chainlink CEO emphasizes the importance of blockchain technology

According to PANews, on June 3, during the early trading session of the US stock market, due to a suspected software malfunction, the stock prices of major companies such as Berkshire Hathaway, McDonald's, and Wells Fargo plummeted by 99.9%. This incident has raised concerns about the highly centralized structure of the traditional financial system.

Chainlink's co-founder and CEO Sergey Nazarov emphasized the importance of blockchain technology in an interview, stating that Chainlink's decentralized oracle network can reduce these risks by providing accurate and tamper-proof data. These networks aggregate data from various sources and use a consensus mechanism to verify information, ensuring data integrity and preventing erroneous transactions and price manipulation. He further emphasized that integrating blockchain technology will allow real-time verification and automatic response to anomalies, significantly improving the reliability and transparency of the financial market.

● Data: Only 5 strong trading days for Bitcoin in the past 90 days, the market may be more cautious than previous bull markets

According to the TechFlow report of DeepChain, based on the data from glassnode, there have been only 5 strong trading days for Bitcoin price in the recent 90 days. In contrast, in the previous cycles, this number reached 18 to 26 days. This indicates that the current market may be more cautious compared to historical bull markets.

● QCP Capital: The market remains bullish, looking forward to the new demand brought by the Ether spot ETF

According to the Odaily Planet Daily, QCP Capital stated that despite the negative news about Mt.Gox and last week's DMM hacker attack, the market remains stubbornly bullish. QCP Capital believes that the continued bullish sentiment in the market is due to the anticipation of new demand brought by the Ethereum spot ETF. The options market reflects this, with Ethereum's volatility still 15% higher than that of Bitcoin. Another reason for the sustained bullishness is that speculators anticipate the approval of spot ETFs for other mainstream cryptocurrencies in the near future, thereby increasing long positions.

● CoinShares: Digital asset investment products have seen continuous inflows for four weeks, totaling $185 million

According to the latest weekly report from CoinShares, digital asset investment products have seen continuous inflows of funds for the fourth consecutive week, with a total amount of $185 million, including $2 billion inflows in May, surpassing $15 billion in total inflows so far this year. Bitcoin saw an inflow of $148 million, while funds shorting Bitcoin saw an outflow of $3.5 million for the week. Ethereum saw an inflow of $33.5 million, marking two consecutive weeks of net inflows, while Solana saw an inflow of $5.8 million.

● The Wisconsin Board of Investment purchases $160 million Bitcoin ETF

According to Odaily Star Daily, a university professor from the Wisconsin State Investment Commission purchased a $160 million Bitcoin ETF. Previously, the Wisconsin State Investment Commission held $64 million in Grayscale GBTC and $99 million in BlackRock IBIT.

● Bitcoin ETF enters the discussion scope of TV programs, demonstrating its accessibility and coverage

According to Odaily Star Daily, Eric Balchunas, an ETF analyst at Bloomberg, said that Bitcoin ETFs have entered the discussion on television programs, which largely demonstrates the accessibility and coverage of spot Bitcoin ETFs for this asset class. It is worth noting that all of this happened in less than six months. #ContentStar #BTC #比特币