Complete Gate Post tasks to upgrade your rank

Credit Ranking

[//]:content-type-MARKDOWN-DONOT-DELETE
![](https://gimg2.gateimg.com/image/article/16859261520605.jpg)

## Crypto Daily Digest: Bitcoin's Slide, Atomic Wallet Breach, and Republican Bill Spark Discussion

<a href="/price/bitcoin-btc" target="_blank" class="blog_inner_link">Bitcoin</a> experienced a slight decline over the weekend despite concerns over the U.S. debt ceiling and a strong jobs report. The cryptocurrency traded at around $27,150, down approximately 0.6%, following fluctuations related to inflation. Other major cryptocurrencies, such as Ether, also exhibited similar movements with a slight decrease of 0.89%. Conversely, smaller DeFi protocols like Lido, Synapse, and <a href="/price/pancakeswap-cake" target="_blank" class="blog_inner_link">PancakeSwap</a> saw significant gains. In the U.S. stock market, the Nasdaq Composite and S&P 500 showed positive reactions to the jobs report, rising by 1.4% and 1% respectively. The U.S. central bank faces a challenging decision on interest rates in June, taking into account the strong job market and upcoming economic releases.

In a separate incident, Atomic Wallet users have reportedly lost over $35 million worth of crypto assets since June 2, with the largest losses totaling $17 million. The cause of the attack is under investigation, but reports indicate that users have suffered token losses, erased transaction histories, and complete theft of crypto portfolios. An independent investigation by ZachXBT, an on-chain sleuth, discovered that the largest victim lost $7.95 million in <a href="/price/tether-usdt" target="_blank" class="blog_inner_link">Tether</a> (USDT), and the total losses are expected to exceed $50 million. Atomic Wallet, a noncustodial-decentralized wallet with a user base of over 5 million worldwide, is actively working with exchanges and blockchain analytics firms to trace and block the stolen funds. This incident adds to the growing list of crypto hacks, emphasizing the need for improved security measures within the cryptocurrency industry.

Meanwhile, U.S. Republican chairs of the House Financial Services Committee and House Agriculture Committee have introduced a draft bill proposing a regulatory framework for digital assets. The bill suggests a transition path for tokens that begin as securities to be regulated as commodities. It aims to facilitate discussions among Republicans, Democrats, regulators, the private sector, and the Senate. Tokens classified as investment contracts would remain under the jurisdiction of the Securities and Exchange Commission (SEC), while those qualifying as commodities would be overseen by the Commodity Futures Trading Commission (CFTC). The bill considers factors such as decentralization of blockchain networks in determining an asset's classification. The SEC would have the authority to approve or object to a token issuer's certification of decentralization. SEC Chair Gary Gensler has previously expressed that most digital assets are securities and has questioned the need for additional regulations, while the crypto industry has called for clearer rules. The draft bill also covers platform registration, dually-registered exchanges, and mandates studies on nonfungible tokens (NFTs) and decentralized finance (DeFi).

##Bitcoin (BTC) $27,118 (-0.01%) - Neutral Outlook

![](https://gimg2.gateimg.com/image/article/1685926065Untitled0605 1.png)

![](https://gimg2.gateimg.com/image/article/1685926076Untitled0605 2.png)

**Overview:**

- ***Closest hourly support zone: 26990 - 26895***
- ***Closest hourly resistance zone: 27150 - 27262***
- ***Key Level: 27538 (4H Uptrust Action Area)***


<br> **Hourly Resistance zones**

1. 27150 - 27262
2. 27343 - 27408
3. 27538 - 27690


 <br>**Hourly Support zones**

1. 26990 - 26895
2. 26780 - 26612
3. 26500 - 26382


## Macro: Global Equities Rally Raises Liquidity Concerns, Treasury Notes Pose Market Risks

Global equities reached a one-year high, driving the Asian stock market higher on Monday. The positive sentiment was fueled by the S&P 500 nearing a bull market and a surge in oil prices following Saudi Arabia's commitment to reducing production. Equity futures for Japan, Australia, and Hong Kong all rose by more than 1%, indicating a positive start for the region's shares.

While S&P 500 futures remained stable in Asia, Nasdaq 100 futures experienced a slight dip, and the dollar showed a modest strengthening. The Federal Reserve's decision on interest rates was influenced by a mixed jobs report, which revealed signs of a labor market slowdown despite an increase in hiring. This data supported the argument put forth by Federal Reserve Chair Jerome Powell and other officials that they should take more time to assess incoming data before considering rate hikes.

As stocks soared, Wall Street's fear gauge, the VIX, dropped to levels not seen since before the pandemic, reflecting a more optimistic market sentiment.

Despite the overall positive momentum, the market still faces challenges. One such challenge is the potential impact of the significant issuance of Treasury notes, amounting to approximately $1 trillion, as the US Department replenishes its general account following a debt-limit deal. This influx of Treasury notes could result in a drain of liquidity from financial markets, posing a risk to market stability.


<div class="blog-details-info">
<div>Author:** Peter L. **, Gate.io Researcher
<div class="info-tips">\*This article represents only the views of the researcher and does not constitute any investment suggestions.
<div>\*Gate.io reserves all rights to this article. Reposting of the article will be permitted provided Gate.io is referenced. In all cases, legal action will be taken due to copyright infringement.
</div>

简体中文

English

日本語

BTC slides despite strong jobs report and U.S. debt ceiling concerns. Atomic Wallet breach results in $35 million crypto losses. Republican bill proposes regulatory framework for digital assets. Global equities rally, but

福利中心

铭文导航-铭文Launchpad

铭文-铭文导航

铭文-web3startup

新币挖矿

小红花-Exchange-Startup

交易-创新交易

交易-盘前交易

打新

小红花-Learn & Explore-博客

小红花-Learn & Explore-快讯

币圈-币圈-未来事件

小红花-Learn & Explore-聊天室

小红花-Learn & Explore-直播

小红花-Learn & Explore-动态

年度账单

币圈

Gate OTC

芝麻金融-更多-财富管理

机构-APIs

机构-大宗交易服务

机构-经纪商项目

全球做市商计划

机构-托管和资产管理

机构-借贷服务

机构-做市商项目

小红花-Promotions-机构和VIP服务

量化基金

机构-基础架构

机构-交易

机构-金融

结构化产品

机构-主页

衍生品-统一账户

芝麻金融-更多-抵押借币

机构

策略跟单

现货跟单

合约跟单

跟单

量化策略-探索

量化策略-进阶

量化策略-基础

机器人广场

创建机器人

探索机器人

杠杆网格

无限网格

期现套利

组合指标策略

智能调仓

现货马丁格尔

合约网格

现货网格

交易机器人

芝麻金融-更多-ETH2.0挖矿

芝麻金融-更多-法币借贷

USDE挖矿

链上赚币

芝麻金融-理财-双币宝

芝麻金融-理财-定期理财(屯币)

芝麻金融-理财-结构性理财

芝麻金融-理财-理财宝

芝麻金融-理财-余币宝

GT挖矿

芝麻金融-更多

芝麻金融-理财

赚币

衍生品-实盘跟单

衍生品-期权

衍生品-交割合约

衍生品-永续合约

衍生品-合约中心

新手引导(合约)

合约活动

衍生品

交易-量化策略

交易-杠杆ETF

交易-杠杆交易

交易-闪兑

交易-现货交易

交易

行情

买币-gateCard

买币-法币交易

买币-银行账号

买币-快捷交易

买币-信用卡

买币-paywith

买币

小红花-推广

新手指南

活动中心

小红花-Learn & Explore-学院

任务广场

小红花-Exchange-最新公告

小红花-Exchange-帮助中心

小红花-Exchange-交易所

gate商店

小红花-Promotions-推荐官计划

小红花-Promotions-邀请计划

小红花-promotions-代理商

cextg小程序

小红花

web3

Daily News |  Bitcoin Faces Decline Despite Positive Job Report as Global Equities Rally Raises Liquidity Concerns