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03:26
Crypto June Outlook: World Cup Intensifies Liquidity and Attention Diversion, Historical Performance Remains Unpromising
BlockBeats news, May 31, in May, Bitcoin and Ethereum are likely to end the month with a bearish candle. As of press time, Bitcoin's monthly line is down 2.81%, while Ethereum is down 9.98%. Looking ahead to June, the crypto market is still not optimistic. On one hand, the once-every-four-years World Cup will officially kick off on June 11. The already weak market will struggle to survive as funds and attention are diverted to US stocks, AI, and the World Cup. At that time, US stocks and Polymarket will become the main destinations for capital and attention in the market. On the other hand, historical data shows that the average return of the crypto market in June is negative. The average return for Bitcoin is -0.14%, and for Ethereum, it is -6.85%. In summary, it is difficult to expect a strong performance from the crypto market during the bear cycle in June. Reverse-trend coins represented by HYPE, BNB, and ZEC may present some local opportunities.
03:07
Data: The crypto industry has already donated over $320 million for the 2026 US midterm election cycle
Foresight News reported, according to Follow the Crypto data, companies and individuals related to the crypto industry have donated over $320 million to influence the 2026 U.S. midterm election cycle. Of this, about $127 million went to Republican-related recipients, roughly 11 times the $11.5 million received by Democratic-related recipients; approximately $182 million went to nonpartisan/unknown recipients. Additionally, according to statistics from the same platform, crypto-related Political Action Committees (PACs) still hold over $259 million in funds, with FairShake holding approximately $193 million.
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