Market Snapshot
On June 2, the cryptocurrency market saw modest gains across major assets:
- BTC: $37,290.46 (+1.64%)
- ETH: $2,694.12 (+2.28%)
- LTC: $185.00 (+1.12%)
- OKB: $13.63 (+1.94%)
Top DeFi gainers on OKX platform:
- PERP: +17.23%
- CRV: +15.95%
- 1INCH: +10.97%
BTC Contract Data (OKX)
- Open Interest: $1.37B
- Long/Short Ratio: 1.47
- Net Sell Pressure: $46.18M
- Elite Trader Positions: 47% long, 47% short
OKX Updates
THETA Mainnet Upgrade Completed
Deposits/withdrawals resumed June 1 at 17:00 HKT.
OKB 12th Buyback & Burn
- OKB Destroyed: 2,008,753.54 (~$36.15M at 90-day avg price)
- Total Burned to Date: 32.56M OKB
- Circulating Supply: 267.44M OKB
Industry Highlights
DeFi Benchmark Rate Hovers Near 3.25%
- June 2 Rate: 3.28% (+0.03% vs prior day)
- Repo Rate Spread: 3.27% over traditional markets
Indicates fluctuating DeFi borrowing costs.
Black Horse Comics Partners with xNFT Protocol
Strategic collaboration to develop:
- NFT-based Metaverse games
- Digital art ecosystems
xNFT Protocol investors include Huobi Ventures and LD Capital.
SUN.io Launches Genesis Mining
- TRON’s DeFi platform begins mining at 20:00 HKT (June 2)
Rewards: 5B SUN tokens distributed to:
- Genesis miners
- Governance participants
- veCRV holders
Beijing Poly Auction Hosts NFT Art Sale
Digital Twin专场 features:
- Neal Digital Gallery’s 200+ NFT collection
- HECO-chain artworks (e.g., Whale City)
Expert Insight
CoinShares CSO Meltem Demirors:
"Regulators seek AML/KYC compliance without stifling crypto growth. Institutional capital ($3T+ sidelined in US) may soon enter this market."
FAQ
Q: Why does the DeFi benchmark rate matter?
A: It reflects sector-wide borrowing costs—higher rates indicate tighter liquidity.
Q: How does OKB’s burn mechanism work?
A: OKX uses 30% of spot trading fees to buy back and destroy OKB quarterly, reducing supply.
Q: What’s unique about SUN.io’s 3pool?
A: Enables swaps between USDT, USDJ, and TUSD with low slippage.
Q: Are NFT auctions like Beijing Poly’s common?
A: Major auction houses now dedicate events to crypto art, signaling mainstream adoption.