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Today’s Cryptocurrency Headline
The SushiSwap governance community has passed a vote that will reduce the pay of its Chief Executive Officer. In SushiSwap’s initial proposal, the salary for the position included a base salary of 800,000 USDC, 600,000 SUSHI tokens, and additional incentives. The initial proposal and bonus incentives faced significant pushback from the community. The new incentive structure passed today will reduce the base salary to 500,000 USDC, and the total number of SUSHI tokens as an incentive is reduced from 1.2 million to 1 million. Additionally, the community will revote on who will be hired as CEO. SushiSwap has been looking for a new CEO after previous CEO Maki left in September 2021.
BingX’s Bitcoin Chart
According to Glassnode, total value in the ETH 2.0 deposit contract reached an ATH of 13,388,454 ETH. Bitcoin is down 1.82% over the last 24 hours and fell to an intraday low of $19,518.00. The 20-day EMA is sloping down and the relative strength index (RSI) is near the oversold zone, indicating that the bears are in control. For now, the bears will attempt to pull the pair towards the June 18 intraday low at $17,622.
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