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Chainlink holds key support after 98,590 LINK transfer to Coinbase Prime
A U.S. government-linked wallet moved 98,590 LINK (about $768,000) to Coinbase Prime, reviving concerns about possible sell-side distribution even as LINK held support. LINK was trading near $7.78 after bouncing from around $7.34, while Binance positioning stayed long-heavy with a 2.61 long/short ratio and 72.31% of accounts long. Shorts absorbed most liquidation pressure in the latest session, with roughly $57,270 in short liquidations versus about $5,040 for longs.
LINK
LINK+1.62%
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Audiera's BEAT jumps over 60% on June 11 to $9.34, lifting market cap to $2.68B
Audiera's BEAT token climbed more than 60% on June 11, printing a new all-time high of $9.34 and pushing its market capitalization to $2.68 billion. The move followed an AI SocialFi partnership announcement and coincided with $8.2 million in short liquidations out of $10.1 million total wiped positions. Commentators also questioned BEAT's token distribution, including claims that the team controls at least 84% of supply.
BEAT
BEAT+6.15%
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Zcash outlines Ironwood shielded pool to re-enable auditable supply, July 2026 target
Zcash developers are advancing an Ironwood shielded pool that would make circulating-supply accounting publicly auditable while keeping privacy features, after the Orchard flaw disclosure on June 5 and a follow-up proposal on June 6. Scrutiny returned on June 11 when Arkham flagged a large Orchard withdrawal and noted the pool still holds about 3.88 million ZEC (roughly $1.65 billion), even though shielded balances cannot be independently verified.
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Cardano's Market Cap Returns to $6 Billion as ADA Trades at $0.165
Cardano's market capitalization climbed back to $6 billion after briefly dipping below that level, with ADA trading at $0.165 at the time of writing. The broader crypto market ticked higher after U.S. inflation data met expectations on Wednesday, while Santiment highlighted unusual on-chain "age" metrics and shifting derivatives sentiment as ADA neared multi-year lows.
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Analyst: Ethereum's Delta Price metric points to a possible $700 retest
Ethereum rebounded after dipping near the $1,500 support area, but an analyst argues the broader setup remains bearish. Ali Martinez says the Delta Price indicator sits around $700 and, if historical patterns repeat, ETH could revisit that range before a new uptrend. Separately, network metrics show nearly 195 million non-empty Ethereum wallets, and Binance futures open interest reached almost 3.7 million ETH.
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Cardano's Dormant Whales Move Again as "Age Consumed" Spikes; ADA Near $0.16
Cardano has recently recorded a rise in transactions involving long-dormant coins, suggesting some long-term holders are becoming active again. Santiment highlighted spikes in the "Age Consumed" metric during June after a price plunge, alongside a slowdown in Mean Dollar Invested Age. At the time of writing, ADA trades around $0.16, down more than 26% over the past week.
BTC
BTC+1.10%
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