📈 General Bitcoin Market News
Fear and Greed Index
- Current Value: 74
- Change Since Last Week: +1
Bitcoin Price Update
- Current Price: $67,054.07
- Weekly Percentage Change: -3.6%
Market Sentiment
- Bitcoin price action remains range bound with a slip to $67,054 of around -3% despite optimism for the future.
- US ETFs are netting a inflow of +$3.3B whilst HK are netting a modest inflow of +$41.3M bringing total net inflows across US and HK to around +$3.36B which seems to further modest optimism as the BTC price hovers in the range high: source
- With net inflows positive, the price surprisingly fell, yet market participants remain optimistic on BTC.
- The federal funds rate (FFR) is steady at 5.25-5.5%.
BTC Liquidations
- Total Shorts Liquidated: $60.14M
- Total Longs Liquidated: $120.14M
🌐 Bitcoin Ecosystem Updates
- BOB | Build on Bitcoin
- TNA, the naming protocol for Bitcoin, has expanded its service to BOB.
- Velar Artha Perp Dex is launching on BOB.
- Watch here how BOB’s optimistic rollup improves Bitcoin scaling by combining the security of Bitcoin while still benefitting from Ethereum's network effects.
- Blast APIs now available for developers.
We have BOB data you can explore – Sign up
Watch the Tutorial Below
- B2 Network:
- Announced B² Honey Pot Season I - A series of giveaways. Read more.
- Gas fee airdrop live. Check the details, here.
- New listings: uBTC, MBTC and SolvBTC are now live on Layerbank.
- BugRap add B2 to their bug bounty platform.
- API3's oracle stack is now live on B2.
- BVM welcomes B2 to their ecosystem. Bitcoin Virtual Machine is the first modular blockchain metaprotocol that lets you launch your own Bitcoin L2 blockchain protocol in a few clicks.
- Bitcoin Virtual Machinewill integrate a decentralized application (DA) layer to optimize hybrid storage.
- B2 will utilize Bitcoin Virtual Machine's modular metaprotocol to enable developers to customize their own Bitcoin Layer 2 protocols according to their preferences.
We now have B2 Network data you can explore – Sign up
- Botanix Labs:
- Slogain is joining the Botanix ecosystem to bring their two-button social dApp created to reward memes, opinions and more.
- Yala successfully integrated their private testnet on Botanix testnet. Watch the demo.
We now have Botanix Testnet data you can explore – Sign up
- Merlin Chain:
- On Linea, Merlin is introducing mBTC while Solv Protocol is introducing SolvBTC. mBTC and SolvBTC are now on Linea.
- Merlin Phantom for Bitmap is officially live now! Users can swap 1 Bitmap for 10,000 Bitmap Runes Tokens, or vice versa on UniCross.
- Developer Update (7th June):
- 𝗠𝗲𝗿𝗹𝗶𝗻 𝗣𝗵𝗮𝗻𝘁𝗼𝗺 𝗳𝗼𝗿 𝗕𝗶𝘁𝗺𝗮𝗽
- Enable BTC asset swap, providing better liquidity and more use cases.
- The first one to go live is Bitmap for THE•BITMAP•TOKEN (RUNES).
- No swap fees, no gas fees for early users.
- 𝗖𝗿𝗼𝘀𝘀-𝗖𝗵𝗮𝗶𝗻 𝗪𝗶𝘁𝗵𝗱𝗿𝗮𝘄𝗮𝗹
- VIROTHIUM•DEFI (RUNES)
- THE•BITMAP•TOKEN (RUNES)
- Virothium Mine (BRC-420)
- 𝗨𝗽𝗰𝗼𝗺𝗶𝗻𝗴
- BRC-20 Faucet
- Merlin Chain Testnet Upgrade
- 𝗠𝗲𝗿𝗹𝗶𝗻 𝗣𝗵𝗮𝗻𝘁𝗼𝗺 𝗳𝗼𝗿 𝗕𝗶𝘁𝗺𝗮𝗽
We now have Merlin data you can explore – Sign up
- Rootstock:
- SushiSwap is now live on Rootstock bring their V3 AMM, RP4, Smart Pools and enabling swaps on RBTC, a token pegged 1:1 to Bitcoin.
- StreamDefi is integrating with Rootstock. Stream innovates liquidity via Decentralized Market Making & an upcoming Capital Efficient Clearing House.
- Portal Finance integrates with Rootstock enabling seamless, trustless cross-chain trading & liquidity across chains.
We now have Rootstock data you can explore – Sign up
- Stacks:
- Nakamoto activation updates available here.
- Bitcoin L2 Labs announce security fund and gives Clarity WG $1M to onboard new security resources for builders. Read in full.
- You can now deposit Arkadiko's DIKO token into Zest Protocol. Depositing allows you to:
- Have yield continuously compound interest paid in DIKO.
- Earn 1 zest point/day per $1 of DIKO.
- Watch the deposit guide.
- All ALEX pools are now open, trading here. The ALEX Lab Foundation has restored liquidity, ensuring a smooth and seamless trading experience.
- Velar announce TVL-weighted rewards to be launched on their DEX, enabling the top 5 TVL pools to receive VELAR as farming rewards for committing LPs.
Here's how easy it is to create a dashboard with
Stacks data on Ortege Studio:
- Check out our Stacks Nakamoto Dashboard
- Sign Up
Upcoming Events
- Building on Bitcoin Virtual:
- Virtual Event hosted by Stacks.
- Date: June 13
- Register
- Bitcoin Builders:
Closing Thoughts
This week, the Bitcoin market maintains robustness despite minor fluctuations, reflecting a cautious but optimistic sentiment among investors. The steady inflows in US and HK ETFs juxtaposed with the market’s stagnant price movement signal a complex interplay of forces as the ecosystem braces for potentially significant shifts. With notable updates and expansions across various Bitcoin-related projects like BOB, B2 Network, and Rootstock, the blockchain landscape continues to evolve rapidly, offering new opportunities and challenges. Staying updated with these changes is crucial for navigating the crypto space effectively. Dive into our detailed dashboards at Ortege Studio to harness the full potential of these developments and keep your strategy aligned with the latest market dynamics.
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