🗞 CryptoNews of the Day 🗞
Philippine Peso-Backed Stablecoin, PHPC, Granted Approval for Pilot by Central Bank: Coins.ph, a digital currency exchange based in the Philippines, has received approval from the country's central bank to conduct a pilot program for its Philippine Peso-backed stablecoin.
👉Details: https://coinmarketcap.com/academy/article/philippine-peso-backed-stablecoin-phpc-granted-approval-for-pilot-by-central-bank
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US Spot Bitcoin ETFs Regain Net Inflow of $116M After One Month of Outflows: Spot Bitcoin ETFs in the United States experienced a turnaround as net inflows of $116.8 million were recorded last week, following four consecutive weeks of outflows exceeding $1 billion.
👉Details: https://coinmarketcap.com/academy/article/us-spot-bitcoin-etfs-regain-net-inflow-of-dollar116m-after-one-month-of-outflows
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El Salvador Launches Real-Time Bitcoin Treasury Tracker, Holding $360 Million Worth of BTC: El Salvador has introduced a proof-of-reserves website that offers tools for monitoring the country's Bitcoin holdings using on-chain data.
👉Details: https://coinmarketcap.com/academy/article/el-salvador-launches-real-time-bitcoin-treasury-tracker-holding-dollar360-million-worth-of-btc
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Bitcoin Price Touches $63,000 Ahead of US Inflation Reading: Bitcoin (BTC) gained 2.80% over the past 24 hours, touching $63,098, ahead of the release of United States macroeconomic data this week.
👉Details: https://coinmarketcap.com/academy/article/bitcoin-price-touches-dollar63000-ahead-of-us-inflation-reading
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Bitcoin’s Runes Protocol Witnesses Declining Activity and Fee Revenue: The Runes protocol, known for enabling the creation of fungible tokens on the Bitcoin blockchain, has experienced a significant decrease in activity since its initial week of trading.
👉Details: https://coinmarketcap.com/academy/article/bitcoins-runes-protocol-witnesses-declining-activity-and-fee-revenue
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Wells Fargo Ventures into Crypto with Bitcoin ETF Investments: Wells Fargo, one of the prominent banking institutions in the United States, has revealed its foray into the world of cryptocurrencies.
👉Details: https://coinmarketcap.com/academy/article/wells-fargo-ventures-into-crypto-with-bitcoin-etf-investments
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Standard Chartered: Trump's Potential Re-Election Could Benefit Bitcoin: A research note released by Standard Chartered suggests that if Donald Trump secures a second term as the President of the United States in November.
👉Details: https://coinmarketcap.com/academy/article/standard-chartered-trumps-potential-re-election-could-benefit-bitcoin
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Starknet Foundation Launches $5 Million Grant Program: The Starknet Foundation has unveiled a new grant program aimed at supporting new projects on Starknet.
👉Details: https://coinmarketcap.com/academy/article/starknet-foundation-launches-dollar5-million-grant-program
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Bitfinex CTO Paolo Ardoino Dismisses Claims of Database Hack as Fake: Bitfinex, a prominent cryptocurrency exchange, has refuted the claims made by hacking group Fsociety.
👉Details: https://coinmarketcap.com/academy/article/bitfinex-cto-paolo-ardoino-dismisses-claims-of-database-hack-as-fake
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Federal Reserve Holds Key Interest Rate Steady Amid Inflation Concerns, Bitcoin Remains Flat: The Federal Reserve opted to maintain its key interest rate amid inflationary pressures.
👉Details: https://coinmarketcap.com/academy/article/federal-reserve-holds-key-interest-rate-steady-amid-inflation-concerns-bitcoin-remains-flat
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Fantom Foundation Launches $6.5 Million Prize Pool to Incentivize “Safer Memecoins”: In a bid to tap into the booming $50 billion memecoin sector, Fantom, a layer-1 blockchain network, is taking steps to establish a safer environment for memecoin projects.
👉Details: https://coinmarketcap.com/academy/article/fantom-foundation-launches-dollar65-million-prize-pool-to-incentivize-safer-memecoins
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Tether Holdings Reports Record-Setting $4.52B Profit in Q1 2024, Discloses Net Equity for the First Time: Tether Holdings, the issuer of the leading stablecoin by market capitalization, Tether (USDT), has announced a record-breaking net profit of $4.52 billion in the first quarter of 2024.
👉Details: https://coinmarketcap.com/academy/article/tether-holdings-reports-record-setting-dollar452b-profit-in-q1-2024-discloses-net-equity-for-the-first-time
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Santiment: Ethereum Gas Fees Hit a Six-Month Low, Could Signal an Altcoin Rally: Gas fees on the Ethereum network have dropped to their lowest levels in six months, despite a slight rally in the price of ETH over the weekend.
👉Details: https://coinmarketcap.com/academy/article/santiment-ethereum-gas-fees-hit-a-six-month-low-could-signal-an-altcoin-rally
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Stripe Enables Merchants To Accept USDC Payments on Ethereum, Solana and Polygon: Payments giant Stripe has announced its return to the cryptocurrency space.
👉Details: https://coinmarketcap.com/academy/article/stripe-enables-merchants-to-accept-usdc-payments-on-ethereum-solana-and-polygon
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Traditional Financial Institutions Embrace Tokenization on Public Blockchains: Traditional financial institutions are increasingly interested in tokenizing assets on public blockchains, according to Celisa Morin.
👉Details: https://coinmarketcap.com/academy/article/traditional-financial-institutions-embrace-tokenization-on-public-blockchains
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Odds of Ethereum Spot ETF Approval Are “Slim to None,” Says Bloomberg Analyst: The crypto world anxiously awaits the U.S. Securities and Exchange Commission's (SEC) pivotal ruling on the approval of a spot Ethereum ETF, scheduled for May 31st.
👉Details: https://coinmarketcap.com/academy/article/odds-of-ethereum-spot-etf-approval-are-slim-to-none-says-bloomberg-analyst
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Chinese Authorities Bust $295M Underground Cryptocurrency Exchange: Chinese authorities have cracked down on an underground bank involved in illegal currency exchange operations between the Chinese yuan and the South Korean won.
👉Details: https://coinmarketcap.com/academy/article/chinese-authorities-bust-dollar295m-underground-cryptocurrency-exchange
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North Korean Hackers Deploy New Malware "Durian" to Target South Korean Crypto Firms: A recent report from cybersecurity firm Kaspersky reveals that North Korean hackers, specifically the Kimsuky group, have been using a new and notable malware variant named "Durian".
👉Details: https://coinmarketcap.com/academy/article/north-korean-hackers-deploy-new-malware-durian-to-target-south-korean-crypto-firms
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Bitcoin Options Data Indicates Expectations of Price Surge Towards Highs by End June: Recent options data from Binance has revealed a concentration of open interest in bitcoin options at a strike price of $75,000 for the end-of-June expiry.
👉Details: https://coinmarketcap.com/academy/article/bitcoin-options-data-indicates-expectations-of-price-surge-towards-highs-by-end-june
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Lightning Labs Conducts Successful Tests Enabling Stablecoins on Bitcoin Blockchain: Lightning Labs, the developer behind Bitcoin's Lightning Network, has conducted successful tests of a protocol aimed at enabling stablecoins to be issued on the Bitcoin blockchain.
👉Details: https://coinmarketcap.com/academy/article/lightning-labs-conducts-successful-tests-enabling-stablecoins-on-bitcoin-blockchain
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Crypto Market Sees Lackluster Performance as Bitcoin Struggles to Regain Momentum: In what has been a rather uneventful week for the crypto market, most cryptocurrencies experienced a downward trend.
👉Details: https://coinmarketcap.com/academy/article/crypto-market-sees-lackluster-performance-as-bitcoin-struggles-to-regain-momentum
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Volatility Risk Premium Indicates Potential Stability for Bitcoin Post-Halving: A new indicator called the volatility risk premium (VRP) is indicating a period of low volatility in the market.
👉Details: https://coinmarketcap.com/academy/article/volatility-risk-premium-indicates-potential-stability-for-bitcoin-post-halving
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Ethena Labs Partners with Bybit to Enhance USDe as Collateral and Spot Trading: Ethena Labs, a leading provider of synthetic assets, has announced a strategic partnership with Bybit, a prominent cryptocurrency exchange.
👉Details: https://coinmarketcap.com/academy/article/ethena-labs-partners-with-bybit-to-enhance-usde-as-collateral-and-spot-trading
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Eigen Foundation Expands EIGEN Token Allocation by $280M To Address Concerns: In response to community criticism and to boost accessibility for early adopters, Eigen Foundation has announced that it will allocate an additional 100 EIGEN tokens.
👉Details: https://coinmarketcap.com/academy/article/eigen-foundation-expands-eigen-token-allocation-by-dollar280m-to-address-concerns
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LayerZero Labs Completes Initial Snapshot for Potential Airdrop: LayerZero Labs, the company behind a groundbreaking cross-chain communication protocol, has recently completed an initial snapshot.
👉Details: https://coinmarketcap.com/academy/article/layerzero-labs-completes-initial-snapshot-for-potential-airdrop
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Chainlink and Rapid Addition Collaborate To Develop Adapter for Institutional Digital Asset Trading: Blockchain oracle project Chainlink and FIX connectivity solutions provider Rapid Addition are teaming up to create a FIX-native adapter.
👉Details: https://coinmarketcap.com/academy/article/chainlink-and-rapid-addition-collaborate-to-develop-adapter-for-institutional-digital-asset-trading
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Safe (SAFE) Price Decline Sharply Following Unlocking of Transferability: Safe (SAFE) tokens witnessed a sharp decline of 42% in price, dropping from $3.26 to $1.88 since the token contract's transferability was unlocked on April 23.
👉Details: https://coinmarketcap.com/academy/article/safe-safe-price-decline-sharply-following-unlocking-of-transferability
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Investor Pulled $218M from Bitcoin ETFs as US Economic Growth Slows: After months of continuous inflows, the surge of cash pouring into Bitcoin exchange-traded funds (ETFs) has come to a halt.
👉Details: https://coinmarketcap.com/academy/article/investor-pulled-dollar218m-from-bitcoin-etfs-as-us-economic-growth-slows
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Privacy Protocol Railgun Dismisses North Korea Laundering Claims: Railgun, a crypto privacy protocol, has denied allegations that it has been utilized by North Korea’s Lazarus Group for the purpose of cryptocurrency laundering.
👉Details: https://coinmarketcap.com/academy/article/privacy-protocol-railgun-dismisses-north-korea-laundering-claims
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Ethena Labs Partners with Major Exchanges’ Web3 Wallets To Boost USDe Rewards: Ethena Labs has announced the integration of its platform with centralized exchange wallets on Binance, Bybit, OKX, and Bitget
👉Details: https://coinmarketcap.com/academy/article/ethena-labs-partners-with-major-exchanges-web3-wallets-to-boost-usde-rewards
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