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The S&P 500 rose 0.96% on Monday as easing Middle East tensions and strong corporate gains, including Tesla’s 8.2% rally, boosted market sentiment ahead of Fed Chair Powell’s testimony. Gold neared $3,400 on safe-haven demand after U.S. strikes on Iran but eased as strong US PMI data boosted the dollar. The Coindesk Indices, which tracks the broader crypto market, rose 6.13%, with Bitcoin and Ether up 4.35% and 7.30%, respectively in the past 24 hours. Trade these markets and more with up to 500x leverage on Bybit MT5 using this link.
Today’s top performer is SEI, up 30.7% after Webacy launched on Sei to enhance real-time DeFi risk detection.
Sei Network (SEI), founded in 2022, is an Ethereum-based Layer 1 blockchain designed for high-speed trading, using parallelization and order bundling to achieve ultra-fast finality. Webacy has officially launched on Sei Network, partnering with Yaka Finance and SeiTrace to enhance DeFi safety. Users now benefit from real-time token risk scores, malicious activity detection, and address scoring, aiming to make the Sei ecosystem more secure and transparent.
Bitcoin, Ethereum, and other major cryptocurrencies spiked after President Trump announced a ceasefire agreement between Iran and Israel, easing geopolitical tensions that had rattled markets over the weekend. Bitcoin recovered sharply after falling below a key level following US airstrikes on Iranian nuclear sites, while Ethereum, Solana, XRP, and others also posted strong gains. The ceasefire news triggered a wave of short liquidations, reflecting renewed bullish sentiment as traders reassessed the outlook amid de-escalation in the Middle East.
Category | Flow (millions) |
GBTC | (5.7) |
Non-GBTC | 138,7 |
Total | 133.0 |
Yesterday, BTC spot ETFs saw $133.0 million in net inflows, driven by $138.7 million from non-GBTC funds, while GBTC recorded $5.7 million in outflows.
Midnight Network, a privacy-focused blockchain linked to Cardano, is launching its NIGHT token airdrop to users holding $100+ in assets like BTC, ETH, ADA, XRP, and more as of June 11. The airdrop, called the Glacier Drop, allocates up to 100% of the 24 billion NIGHT tokens, with a vesting schedule over 360 days. Unclaimed tokens will later be distributed through the Scavenger Mine and Lost-and-Found phases. Midnight uses zero-knowledge proofs for data privacy and plans to launch mainnet 90 days after the Glacier Drop.