Chart of the Day
Catching Up. Despite a 15% plunge on Saturday and an extended weekend price decline, the Bitcoin market offloaded some pressure from the options expiry on Friday and resumed its recovery mode. The bulls that defended the key $30k resistance come largely from the spot market, while perpetual and futures remained net short. With the broader market sliding into a bearish slumber, the monthly value of ETH transferred, which surpassed BTC by 1.8 folds in May, is now on par with the largest cryptocurrency. So are stablecoins, whose overall treasury has plateaued in June.
Talk of the Town
Avengers Assemble. Marvel Entertainments has finally announced its master plan to step into the realm of NFTs, a few months after its arch-rival DC Comics announced intentions to launch NFTs. The popular comic book creator plans to release official Marvel NFT collectibles via the Veve app, where fans and collectors can hunt for rare NFT comic books and collectibles, and display them through virtual showrooms.