stream

According to The Defiant, the defunct DeFi yield protocol Stream Finance has begun collecting potential creditor information through an online form in preparation for "potential global solutions." Stream first revealed its intention to liquidate in May. The debt structure is complex: direct holders of xUSD, xBTC, and xETH are one class of creditors, while institutional lenders (curators on Euler, Morpho, Silo, Gearbox) accepting Stream tokens as collateral are another.Research institution Yields and More estimates the direct debt exposure to be approximately $285 million, with the largest curator TelosC accounting for about $124 million and Elixir for about $68 million (which represents 65% of its deUSD stablecoin reserves). Stream has collected claims information but has not committed to a specific compensation plan, and the priority of creditors has yet to be determined. Stream is also involved in legal disputes with former operator Caleb McMeans.Last November, Stream disclosed that external fund managers had lost approximately $93 million in assets, leading to the de-pegging of xUSD and freezing about $160 million in deposits. xUSD is currently quoted at approximately $0.08, down about 92% from its pegged price.

According to Coinglass data, if ETH breaks through $1,647, the cumulative short liquidation intensity on mainstream CEX will reach $572 million. Conversely, if ETH falls below $1,499, the cumulative long liquidation intensity on mainstream CEX will reach $515 million.

According to Coinglass data, if BTC breaks through $62,519, the cumulative short liquidation intensity on mainstream CEX will reach $897 million. Conversely, if BTC falls below $56,975, the cumulative long liquidation intensity on mainstream CEX will reach $684 million.

According to Coinglass data, if ETH breaks through $1,652, the cumulative short liquidation intensity on major CEXs will reach $503 million. Conversely, if ETH falls below $1,500, the cumulative long liquidation intensity on major CEXs will reach $370 million.

According to Coinglass data, if ETH falls below $1,511, the cumulative long liquidation intensity on mainstream CEX will reach $643 million. Conversely, if ETH breaks above $1,656, the cumulative short liquidation intensity on mainstream CEX will reach $562 million.

According to Coinglass data, if Bitcoin breaks through $62,000, the cumulative short liquidation intensity on mainstream CEX will reach $915 million. Conversely, if Bitcoin falls below $59,000, the cumulative long liquidation intensity on mainstream CEX will reach $697 million.The liquidation chart does not display the exact number of contracts pending liquidation or the exact value of contracts being liquidated. The bars on the liquidation chart actually show the importance of each liquidation cluster relative to nearby liquidation clusters, that is, the intensity. Therefore, the liquidation chart demonstrates to what extent the underlying price reaching a certain position will be affected. A higher "liquidation bar" indicates that once the price reaches that point, there will be a stronger reaction due to liquidity waves.

According to Coinglass data, if BTC breaks through $62,664, the cumulative short liquidation intensity on mainstream CEX will reach $1.867 billion. Conversely, if BTC falls below $56,805, the cumulative long liquidation intensity on mainstream CEX will reach $1.337 billion.

According to Coinglass data, if ETH breaks through $1,649, the cumulative short liquidation intensity on mainstream CEX will reach $730 million. Conversely, if ETH falls below $1,494, the cumulative long liquidation intensity on mainstream CEX will reach $501 million.

According to Coinglass data, if BTC breaks through $62,609, the cumulative short liquidation intensity on mainstream CEX will reach $1.805 billion. Conversely, if BTC falls below $56,657, the cumulative long liquidation intensity on mainstream CEX will reach $1.003 billion.

According to Coinglass data, if ETH breaks through $1,700, the cumulative short liquidation intensity on mainstream CEX will reach $844 million. Conversely, if ETH falls below $1,540, the cumulative long liquidation intensity on mainstream CEX will reach $497 million.

According to Coinglass data, if ETH breaks through $1,700, the cumulative short liquidation intensity on mainstream CEX will reach $806 million. Conversely, if ETH falls below $1,540, the cumulative long liquidation intensity on mainstream CEX will reach $408 million.

On Wednesday, the U.S. House Financial Services Committee held a hearing to discuss the changing roles of banks and fintech companies, with one focus being the "streamlined master account" proposal that the Federal Reserve is considering, which would allow certain crypto banks and fintech companies limited direct access to the Federal Reserve's payment system. A Federal Reserve master account allows financial institutions to directly use the Federal Reserve payment network and gain the most direct access to the U.S. dollar monetary system. Institutions without this account typically need to rely on partner banks that have master accounts to provide services.The so-called "streamlined account" is a limited-function version intended to provide limited access for new financial institutions. Republican Congressman Dan Meuser stated at the hearing that access to the Federal Reserve payment system is no small matter, and the core issue is which institutions should be allowed to directly use these critical payment channels. Traditional institutions like community banks are concerned that crypto and fintech companies are not subject to equally stringent regulation, and direct access could pose risks to security and stability. The crypto industry generally supports the proposal, arguing that direct access to the Federal Reserve payment system should have been opened long ago, as it would help reduce reliance on intermediary banks and promote innovation.In May of this year, Trump also signed an executive order requiring the Federal Reserve to assess policies for opening central bank payment channels to fintech companies, including crypto companies. Previously, the Kansas City Federal Reserve had approved Kraken's parent company Payward for a "limited purpose account" in March, sparking discussions in the market about the extent to which crypto and fintech companies should have direct access to Federal Reserve services. A representative from Anchorage Digital stated at the hearing that if the U.S. wants to continue as a global financial center, it needs to allow for innovative federal and state regulatory frameworks.

According to Coinglass data, if ETH breaks through $1,653, the cumulative short liquidation intensity on mainstream CEX will reach $485 million. Conversely, if ETH falls below $1,497, the cumulative long liquidation intensity on mainstream CEX will reach $194 million.

According to Coinglass data, if BTC breaks through $62,597, the cumulative short liquidation intensity on mainstream CEX will reach $1.493 billion. Conversely, if BTC falls below $56,732, the cumulative long liquidation intensity on mainstream CEX will reach $570 million.

According to Coinglass data, if BTC breaks through $64,344, the cumulative short liquidation intensity on mainstream CEX will reach $1.416 billion. Conversely, if BTC falls below $58,723, the cumulative long liquidation intensity on mainstream CEX will reach $595 million.

The B.AI platform's "custom service provider" model matrix has officially expanded, with the latest integrations of mainstream large models such as Moonshot (Kimi series) and Z.ai (GLM series).This module covers four major discount groups: 10% off, 40% off, 60% off, and 80% off. Users can generate a personalized "discount model invocation Key" with a single click, allowing for flexible switching between core business and daily testing, achieving a precise balance of high availability and low cost.In addition, all discounts can be stacked with a maximum 1:1 recharge bonus, further lowering the computational power threshold. Starting today, log in to the B.AI console to customize your exclusive model combination and immediately enter the era of AI invocation with exceptional cost performance.

According to Coinglass data, if BTC falls below $59,462, the cumulative long liquidation intensity on mainstream CEX will reach $1.239 billion. Conversely, if BTC breaks above $65,572, the cumulative short liquidation intensity on mainstream CEX will reach $1.008 billion.

Gate announces the launch of a new USD ecosystem and upgrades its two major product modules, Gate Pay and Exchange, further integrating USD asset management, capital flow, and digital asset usage scenarios. Currently, this feature is gradually being opened to users. After updating the app to version 8.24.0 or above, users can manage USD assets, recharge USD, trade digital assets, withdraw USD, and transfer funds between accounts within Gate. Through the new USD account, users can hold and manage USD assets and directly use their USD balance to participate in digital asset trading.At the same time, Gate Pay has completed a product design upgrade, optimizing the display of accounts, assets, and capital flow, enhancing the clarity and smoothness of fund management. Both the Gate App and Gate Pay now support USD recharge and withdrawal functions. Users can recharge USD to the platform via SWIFT bank wire transfer and withdraw USD funds to their bank accounts. Meanwhile, users can also directly use their USD balance to purchase cryptocurrencies or sell their held crypto assets with one click to exchange for USD balance, achieving convenient conversion between USD assets and digital assets.This upgrade by Gate aims to integrate USD asset management and digital asset usage processes into the same product system, covering core aspects such as recharge, trading, withdrawal, and fund transfer, providing global users with a more efficient one-stop USD fund service. In the future, Gate will continue to expand the usage scenarios of USD assets and fiat currency service capabilities, continuously providing global users with a more convenient and efficient fund management experience.

According to official social media news, Huobi HTX will hold a themed debate titled "Bear Market Trap or Bull Market Start? How to Identify the June Rebound in the Crypto Market with World Cup Enthusiasm + Macroeconomic Warming" today at 20:00 (UTC+8). At that time, the affirmative debaters Crypto Monkey Uncle, Michill, Yang Shao, and Sincere Little Taoist will face off against the negative debaters George, 7w, Meta, and Mike Banana. They will conduct an in-depth discussion from multiple dimensions such as macroeconomics, capital flow, market cycles, and hot narratives, analyzing the driving logic and potential risks behind this round of market trends for investors.