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According to CryptoQuant’s Axel Adler Jr (yes, that’s his real name, and no, he’s not related to the famous violinist), the Bitcoin Puell Multiple has taken a nosedive. For those not fluent in crypto-speak, the “Puell Multiple” is basically the fancy way of saying, “How much are miners making compared to last year?” Spoiler: Not much.

Key Takeaways:

DOGE recently dropped below key moving averages, which signal short- and medium-term trends. Even more notably, the price fell below a long-standing support line that had been guiding its movement since February. This often suggests that buyers are losing strength and the overall market is weakening.

BlackRock’s iShares Bitcoin Premium Income ETF has officially been registered with the SEC to be listed on the Nasdaq Stock Market, according to a filing made on June 11th. This registration, covered under Section 12(b) of the Securities Exchange Act, comes after several recent updates to the fund’s details.

This marvel operates upon Morpho’s infrastructure, with Steakhouse Financial meticulously curating the vault’s treasures. Lo, a second lending option hath arrived, offering exposure to a menagerie of collateral assets, each more peculiar than the last!

I was recently on Fox Business’ Mornings with Maria, and I discussed how digital assets are rapidly gaining importance in the financial world. I emphasized that the US really has a critical decision to make: we can actively guide the development of this industry, or risk seeing that innovation happen in other countries.