Crypto News Today (June 15): BTC Surges to $65K, Aerodrome Moves Into Prediction Market Space as Memecoins are Mooning

Crypto News Today (June 15): BTC Surges to K, Aerodrome Moves Into Prediction Market Space as Memecoins are Mooning

In crypto information in the present day (June 12), Bitcoin is consolidating between $62,200 and $63,200, up simply +0.5% in a single day. This transfer in BTC has merchants hoping {that a} sturdy assist degree is forming at $62,000 and will assist Bitcoin maintain above $60,000. Liquidations have slowed significantly, with simply $270M over the previous day, down from over $450M yesterday and almost $2Bn final week.

Of the opposite main caps, SOL and XRP have proven energy in a single day, up +2.2% and +1.9%, respectively. Buying and selling quantity continues to chill, at $79Bn over the previous 24 hours, down from $81Bn in the present day, indicating declining dealer participation.

BTC surged over the weekend, and Bitcoin ETF flows completed final week within the inexperienced, with $85M in inflows on June 12. If flows proceed to show inexperienced, this may very well be the actual catalyst behind a bigger upside transfer throughout crypto and probably see BTC USD hit $70,000.

With Bitcoin and the broader market making large strikes over the weekend and ETF flows turning inexperienced, the Worry & Greed Index has moved to twenty/100, nonetheless in ‘Extreme Fear’ however up from 12/100 on the finish of final week.

Market Cap





Aerodrome Adopts Liquidity Forecasting Mannequin, Betting on AI and Prediction Markets

Aerodrome, the biggest decentralized trade on the Base community, is making ready for a major improve. The mission intends to exchange its present liquidity allocation voting system with a brand new mechanism that rewards customers for precisely predicting future capital demand.

The brand new mechanism, referred to as Predictive Allocation, is scheduled to launch in July and can exchange the weekly voting system in use for the reason that platform’s inception.

In line with Alex Cutler, the founding father of Dromos Labs, the present mannequin primarily is determined by present market exercise and the historic efficiency of buying and selling swimming pools.

Predictive Allocation goals to alter this method by rewarding individuals for precisely predicting the place liquidity can be wanted sooner or later, reasonably than merely directing incentives towards swimming pools which can be already producing charges.

The mission believes that this new mechanism will allow extra environment friendly allocation of capital to promising market segments earlier than sustained demand emerges.

Cutler factors out that the brand new mannequin attracts closely on the ideas of prediction markets; nevertheless, not like conventional event-betting platforms, customers is not going to solely make forecasts but in addition affect outcomes by way of their actions.

Largest Gainers and Losers: Bittensor Subnet CHUNKING Surges +400% Whereas SIREN Falls -40%

In different crypto information in the present day, Bittensor subnets are going loopy, none extra so than Chunking (SN40), which mooned +400% over the previous 24 hours, making it the most important winner on this Monday morning European buying and selling session.

Asteroid Shiba (ASTEROID) is one other high-performing token in the present day, up +96% since yesterday, with a quantity surge to $24.5M driving the transfer. Whether or not it may be sustained will rely upon that quantity persevering with to rise.

A few of final week’s greatest performers have change into the most important losers to begin this week, with SIREN, BEAT, and AIO down -42%, -32%, and -12%, respectively. All three tokens made vital good points final week, however none has been in a position to maintain these strikes this week.

For all of those strikes, optimistic and damaging, regulate quantity ranges as an indicator of the following route, with a drop in quantity on high-performing tokens prone to sign the top of the bullish value motion.

(SOURCE: CoinGecko)

The put up Crypto News Today (June 15): BTC Surges to $65K, Aerodrome Moves Into Prediction Market Space as Memecoins are Mooning appeared first on 99Bitcoins.

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