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Ah, the XRPL Japan and Korea Fund, a beacon of hope for early-stage teams in Japan! They shall be chosen based on their endeavors in the realms of DeFi, tokenized real assets, and the ever-elusive digital payments. The victors, those fortunate enough to capture the attention of the gods of funding, will be rewarded with sums as grand as $200,000 per project. The criteria, however, are as stringent as the laws of the land—growth potential and alignment with Ripple’s lofty goals shall dictate the fates of these aspiring innovators.

Over the course of a month, the memecoin has sacrificed 20.53% of its value, evidently under immense downward pressure—such a splendid display of market temperament!

On the fateful day of June 9, Ripple Labs, in a move that could only be described as audacious, announced a partnership with Web3 Salon—a project that, like a well-placed cherry on top, is supported by the Japan External Trade Organization (JETRO). Together, they aim to cultivate the lush landscape of Japan’s digital asset startups, because why not? 🌸

After languishing in the depths of despair, where funding rates seemed to mock the very essence of hope, Bitcoin has risen like a phoenix from the ashes, obliterating the dreams of bearish traders who dared to bet against it. One can almost hear the anguished cries of those who thought they could outsmart the market, only to be swept away in this whirlwind of financial chaos.

Bitcoin is back above $110k, what’s up with that?

As the company proclaimed on this fine Monday, the purchase price averaged a dizzying $107,861 per bitcoin. This audacious act brings KULR’s total bitcoin holdings to a remarkable 920 BTC. Yes, you heard it right! Those 920 BTC represent a total investment of about $91 million, acquired at an average price of $98,760 each. One might wonder if they are hoarding treasure like a dragon in a cave! 🐉💎

The audacious trade? A 20x leveraged long on BTC at the lofty price of $106,538. Ah, but what folly! This trader, like a gambler at a roulette table, risks total liquidation at the perilous threshold of $88,141. Yet, should BTC continue its ascent, the rewards could be as bountiful as a harvest festival. At $108K, they are already up $11K on paper—hardly a life-altering sum, but merely the opening act in this grand theatrical production.

On the hourly chart, our dear OP/USD has been quite the drama queen throughout early June. A sharp rally to approximately $0.67 on June 3 was swiftly followed by a dramatic decline, culminating in a breakdown below $0.62 on June 5. This little escapade was accompanied by a noticeable surge in aggregated open interest, indicating an increase in speculative trading activity—likely from short positions or those poor souls caught in forced liquidations. Oh, the humanity! 😱

According to the ever-reliable Tech In Asia, the Public Security Bureau of China has joined forces with the China Beijing Equity Exchange to orchestrate these sales. Hong Kong’s regulated exchanges will be the stage for this grand performance. Third-party agencies will conduct the transactions, dutifully depositing yuan into government coffers. A splendid solution for a conundrum that once left seized funds languishing in digital wallets, bereft of a clear exit strategy! 🎭

After breaking free from the shackles of a descending trendline that had been hanging around since mid-December 2024 like an unwanted guest, the price of $ETH shot up like a rocket, achieving a glorious 50% gain. But alas, the resistance at $2,700 stood firm, like a bouncer at a club, and $ETH has been shuffling between this level and the $2,400 support like a confused dancer. 💃