Bitcoin is still within its current range and is hovering near the highs of the range. In the daily, price is currently around ~6,400 with support around 5,600 and resistance around 6,900. A break of the current range could push price up to retest next resistance target around 8,000, while a break of the current range could possibly be a trigger for price to go below ~5,000.
Global market cap is at $181B, while BTC's market cap is at $118B.
The Bank of France is officially launching a program of experiments to test the integration of a central bank digital currency (CBDC) for interbank settlements, although they said that they won't impose or insist on any specific technology within the program. The bank will select a maximum of 10 CBDC-related applications by groups or individual, tackling three objectives - testing interbank settlements, identifying benefits and analyzing potential risks. Potential use cases for the CBDC include payment against financial instruments, payment against other central banks' digital currency, and payment against digital assets.
Binance delisted FTX leveraged tokens due to users failing to understand and read warning notices about the product. In a tweet, Binance CEO Changpeng "CZ" Zhao said a lot of users suffered devaluations which prompted the exchange to remove all FTX leveraged tokens in order to protect users. The company listed its first FTX leveraged token in January.
According to a Coindesk report, an FTX leveraged token tracks an underlying position in a perpetual contract and is pegged at 3x leverage. The token adjusts to price movements to avoid liquidation. While it is useful in sustained price trends, it can also be detrimental and tends to devalue due to high market volatility.
FTX responded in an update saying, "Leveraged Tokens are complicated products, and Binance doesn't want to manage the user education and customer support for them."
The deadline for the submission of the Mt. Gox rehabilitation plans has been extended after rehabilitation trustee Nobuaki Kobayashi said he needed time to address "matters that require closer examination." Kobayashi's initial refund proposal received criticism and pushback from creditors, as it would entail them receiving part of their claim in fiat currency instead of bitcoin. The new deadline is now July 1, 2020.
Mt. Gox, what once was the world's most popular crypto exchange, declared bankruptcy in 2014 after a hack saw them lose around 850,000 BTC.
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