- Top ApolloX Gainer: PEOPLEUSDT (+49.23%)
- Top ApolloX Loser: BELUSDT (-28.07%)
ConstitutionDAO’s token $PEOPLE has seen a 10.9% increase in the last 7 days as traders speculate amid wider market volatility. Meanwhile, Bella Protocol’s $BEL is retracing back to its June levels of $0.70-$0.80 after a 160% increase on June 7.
Bitcoin open interest fell drastically by around $3 billion this week as Bitcoin price plunged from $28k to below $18.5k, trading below its previous cycle’s ATH for the first time in history. Funding rates turned positive on June 19, when BTC price slightly regained to the $19k-$20k levels. This week, a total of close to $842 million long positions were liquidated, with over $361 million liquidated on June 13 alone. At time of writing, BTC price is at $19.9k.
- After a weekend of lows, BTC has recovered by over 15% to above $20k in the last 24 hours. ETH has recovered over 25% in the last day to above $1k. (Learn more)
- Crypto lender Babel Finance suspended withdrawals and redemptions over the weekend, citing liquidity pressures as its reason. (Learn more)
- The FBI and professional networking platform LinkedIn are working together to fight against crypto scams on the platform. (Learn more)
- An unprecedented governance vote will grant Solend Labs "emergency powers" to liquidate a whale's large margin position to avoid a catastrophic on-chain liquidation cliff. (Learn more)
- Dogecoin pumped 8% on June 19 following Elon Musk’s tweet that he “will keep supporting Dogecoin”. (Learn more)
- Citing an insider scoop, Autism Capital claimed that Abracadabra accrued $12 million in bad debt as a direct result of Terra’s sudden downfall. This was refuted by founder Daniele Sestagalli. (Learn more)
- Immutable has launched a $500 million ecosystem development fund to support projects building on its Layer 2 scaling platform, Immutable X. (Learn more)
- Auction house Christie’s head of NFTs Noah Davis is joining Yuga Labs as brand leader for popular NFT collection CryptoPunks. (Learn more)
- Watchmaker TAG Heuer has created a smartwatch that displays NFTs and connects to crypto wallets such as MetaMask and Ledger Live. (Learn more)
What’s New at ApolloX
- ApolloX Indian Community - ApolloX now has an Indian community! (Join us)
- Adjustment to DEX Referral Leaderboard - Split a $5,000 weekly APX bonus when you rank in the top 100 on DEX Referral Leaderboard. (Invite now)
- 20k Followers on Gravity - Thank you for your support! Join our 20,000 strong community on CoinMarketCap’s Gravity. (Follow us)
Trading & Contests
- Double Your Deposit - Just for Indian users, double your deposit and win $2,000 cash when you deposit and trade on ApolloX CEX. (More info)
- 18th Epoch Trading Rewards - Grab your share of our 9,000,000 APX Trading Rewards Pool and 500,000 APX Staking Rewards Pool. (Trade now)
- Trade WOOUSDT & Win $10,000 - It’s your last day to enter our Trading Competition Grand Prize and Lucky Draw! (Trade now)
Risk Reminder: Crypto trading carries a risk. All trading activities are done at your discretion and at your own risk. The information here should not be regarded as financial or investment advice from ApolloX. ApolloX will not be liable for any loss that might arise from your use of any financial product.
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