
Libra1989
Libra1989
Follow me, and I'll follow you back. I always provide daily financial market updates.
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📉 $BSB Update
While everyone is looking for the bottom, the trend continues to do what trends usually do.
The short positions on $BSB continue to be profitable.
📉 -40% from the marked area
📉 New lows keep appearing
📉 Every bounce is sold off
This is why I always prefer trading with the trend rather than against it.
Many traders have spent weeks trying to catch a reversal bottom.
The market keeps rewarding short positions.
Meanwhile, capital is flowing into strong coins like $LAB, $H, $EPIC, and $FET, while weak charts continue to bleed downward.
The lesson remains simple:
🟢 Buy strength.
🔴 Short weakness.
Until $BSB starts reclaiming key resistance levels, the structure remains bearish and every relief bounce should be handled cautiously.
The trend is your friend — and right now, $BSB is still pointing down. ⚡📉🔥

COINBASE BUYS ETHENA, WILL IT DUMP FURTHER?
Will the famous case of $OP repeat?
@cbventures officially announced the purchase of @ethena & $ENA on the open market, but there is no information about how much $ENA Coinbase Ventures bought or the average price they paid.
For me, this news is both good and bad for those holding $ENA, because looking back:
1⃣ A16Z announced buying back $OP in April 2024 when $OP was priced at $2.3, and currently $OP is at $0.12, equivalent to nearly a 20x split.
2⃣ $JTO has also split more than 2 times since October 2025 when A16Z announced support for @jito_labs.
3⃣ Parafi Capital also announced buying back $JUP at around $0.2 at that time, and currently $JUP is still trading around that price.
4⃣ A16Z & Bain Capital also announced buying $WLD at about $1.3, and now $WLD has split about 4 times around $0.4.
5⃣ Paradigm announced buying $META worth 5.9 million dollars at an average price near $8, and currently @MetaDAOProject is trading around $3.33, which is more than a 2x split.
Looking back at the case of $ENA, there are points holders need to note including:
1⃣ Selling pressure from investment funds is still very high
In February 2024, Binance Labs, Dragonfly Capital, Galaxy, Hashed,... invested 14 million dollars in Ethena with a valuation of about 300 million dollars.
Back in July 2023, investment funds also invested 6.5 million dollars in Ethena with unclear information; from my perspective, the valuation at that round was around 100 - 200 million dollars.
Currently, these funds are still receiving tokens monthly, and with the current $ENA valuation at 1.4 billion dollars, these funds are still making significant profits, so it’s likely they are regularly taking profits each month.
2⃣ Selling pressure from the development team
Not only investment funds but also the development team, Foundation, ecosystem, and especially the development team are receiving tokens according to a payment schedule.
At present, it is very difficult to assess whether the team & Foundation want to sell tokens or not?

$BTC / $USD - Update
Bouncing bouncing ..

The total value locked (TVL) of Ember Protocol has returned above 100,000,000 USD.
The DeFi vault and asset management platform @EmberProtocol has once again seen its total value locked surpass the 100 million USD mark.
At the time of writing, this figure has increased by +4.46% in a day - a surge that helped it reclaim levels first broken in November 2025, and then again in April 2026.
Is DeFi making a comeback?
Data: DefiLlama
Limitless earned 2,000,000 USD in the past week...
The prediction platform @trylimitless has generated an impressive 2.07 million USD in platform fees over the last 7 days.
Its annual fees are now estimated at nearly 50 million USD according to data from DefiLlama.
According to the project's introduction, it has seen over 5 billion USD in trading volume.
Bitcoin Mining Using Sugarcane Energy?
Tether-backed Adecoagro is entering the Bitcoin $BTC mining sector with a renewable energy strategy in Brazil.
The company plans to convert sugarcane waste into electricity to power mining operations.
The first phase includes 1,280 mining machines with a launch planned for early July 2026.
Senate Adds Groundbreaking Crypto Bill to Legislative Calendar
The CLARITY Act on Digital Asset Markets has officially been added to the U.S. Senate Legislative Calendar.
This move means the bill is now eligible for comprehensive Senate consideration after passing the Senate Banking Committee with bipartisan support.
Lawmakers still need to schedule floor debate and a vote before the bill can advance further.
Tom Lee's Bitmine Buys More Ethereum
Bitmine (@BitMNR), backed by Tom Lee (@fundstrat), continues to strengthen its Ethereum position despite the broader market weakness.
The company acquired an additional 25,000 $ETH worth about $48 million around 12 hours ago, according to lookonchain.
The latest purchase demonstrates ongoing confidence in Ethereum even as digital asset markets face new pressures.
XRP Ended June in the Red in Eight of the Past 12 Years
$XRP has recorded negative June returns in eight of the past 12 years, with average losses hovering around 5%, historical data from Cryptorank reveals.
The situation worsens in years when XRP ends May in the red, a condition currently in effect.
Seasonal headwinds are piling up against the bulls at a time when the price is already under macroeconomic pressure.
June consistently ranks as one of the weakest months for this asset.
Senator Tim Scott Says the CLARITY Act Ends Cryptocurrency Chaos
Senator Tim Scott stated that the CLARITY Act could put an end to years of regulatory uncertainty surrounding digital assets in the U.S.
He argued that unclear regulations have pushed innovation overseas while exposing consumers to greater risks.
He said the act will enhance consumer protections, support innovation, and strengthen national security.