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Biden Vetoes Resolution to Overturn SEC’s SAB 121 Accounting Rules, Sparking Backlash: President Joe Biden has vetoed a resolution aiming to overturn the U.S. Securities and Exchange Commission's (SEC) Staff Accounting Bulletin (SAB) No. 121.

👉Details: https://coinmarketcap.com/academy/article/biden-vetoes-resolution-to-overturn-secs-sab-121-accounting-rules-sparking-backlash

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Consensys’ L2 Linea Halts Block Production Following Velocore DEX Hack: On June 2, more than $2.6 million in Ethereum (ETH) was siphoned off Linea after a hacker exploited the Velocore decentralized exchange, which operates on the Linea network.

👉Details: https://coinmarketcap.com/academy/article/consensys-l2-linea-halts-block-production-following-velocore-dex-hack

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Iggy Azalea Vows to Burn Her Celebrity Coin MOTHER to Combat Celebrity Scams: Iggy Azalea has announced a bold move to burn her own cryptocurrency whenever a celebrity coin is identified as a scam, commonly known as a "rug pull."

👉Details: https://coinmarketcap.com/academy/article/iggy-azalea-vows-to-burn-her-celebrity-coin-mother-to-combat-celebrity-scams

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Singapore's Largest Bank DBS Allegedly Holds $647M in ETH, According to Analytics Firm Nansen: DBS, Singapore’s largest banking institution, has been identified as a significant holder of Ethereum (ETH) by on-chain analytics firm Nansen.

👉Details: https://coinmarketcap.com/academy/article/singapores-largest-bank-dbs-allegedly-holds-dollar647m-in-eth-according-to-analytics-firm-nansen

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Bitcoin Struggles Below $70,000 Ahead of Key Economic Data Release: Bitcoin (BTC) is facing strong resistance near the $70,000 mark since briefly surpassing it on May 28, and has traded back down to $68,430.

👉Details: https://coinmarketcap.com/academy/article/bitcoin-struggles-below-dollar70000-ahead-of-key-economic-data-release

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Insider Trading Claims Rock Celebrity Iggy Azalea's New Memecoin: The launch of Iggy Azalea's new memecoin, Mother Iggy (MOTHER), has been overshadowed by allegations of significant insider trading activity.

👉Details: https://coinmarketcap.com/academy/article/insider-trading-claims-rock-celebrity-iggy-azaleas-new-memecoin

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Mastercard Launches New "Crypto Credential" Service to Secure Crypto Payments: Global payments leader Mastercard has rolled out a new service aimed at streamlining and securing peer-to-peer crypto transactions across several European and Latin American countries.

👉Details: https://coinmarketcap.com/academy/article/mastercard-launches-new-crypto-credential-service-to-secure-crypto-payments

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BlackRock Amends Spot Ethereum ETF Proposal with SEC, End of June Launch Possible: BlackRock has updated its filing with the Securities and Exchange Commission (SEC) for its proposed spot Ethereum exchange-traded fund (ETF).

👉Details: https://coinmarketcap.com/academy/article/blackrock-amends-spot-ethereum-etf-proposal-with-sec-end-of-june-launch-possible

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🎊 CMC Labs Incutabee Galaxis Platform has officially Launched!

🌌 Warm welcome to all the early adopters! Start by minting your favorite Membership Cards.

😍 Join a Community! Find out more about upcoming Promotions, Grants, and Activities!

🔗 View Communities Below:
https://galaxis-community.com/communities

🔗 Subscribe for a Platform Launchkey and bring your community to Galaxis:
https://subscribepage.io/get-launchkey

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🗞 CryptoNews of the Day 🗞

BlackRock Income and Bond Funds Invest in Own IBIT Bitcoin ETF Shares: BlackRock, one of the world's largest asset managers, revealed in regulatory filings that its income and bond-focused funds invested in shares of its own Bitcoin exchange-traded fund (ETF).

👉Details: https://coinmarketcap.com/academy/article/blackrock-income-and-bond-funds-invest-in-own-ibit-bitcoin-etf-shares

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Wallets Linked to Mt. Gox Transfers $9B Worth of BTC, Causing Bitcoin to Dip to $68K: Wallets linked to the now-defunct Bitcoin exchange Mt. Gox initiated the transfer of over 140,000 Bitcoin (BTC), amounting to approximately $9 billion.

👉Details: https://coinmarketcap.com/academy/article/wallets-linked-to-mt-gox-transfers-dollar9b-worth-of-btc-causing-bitcoin-to-dip-to-dollar68k

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Memecoin Team Linked to Crypto Influencer GCR Account Hack, According to ZachXBT: Pseudonymous investigator ZachXBT conducted an analysis that revealed the involvement of the Sol team, the creators of the Solana-based memecoin known as CAT.

👉Details: https://coinmarketcap.com/academy/article/memecoin-team-linked-to-crypto-influencer-gcr-account-hack-according-to-zachxbt

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Ethereum Could See Bull Run Following SEC Approval of ETFs, According to Analysts: Market analysts predict that Ethereum is on the brink of a significant upward trajectory following the recent approval of spot Ethereum exchange-traded funds (ETFs).

👉Details: https://coinmarketcap.com/academy/article/ethereum-could-see-bull-run-following-sec-approval-of-etfs-according-to-analysts

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Standard Chartered: Solana, XRP ETFs Could Be Next: Standard Chartered, one of the leading global banks, has predicted that Solana and XRP will soon receive their own exchange-traded funds (ETFs) for digital assets.


👉Details: https://coinmarketcap.com/academy/article/standard-chartered-solana-xrp-etfs-could-be-next

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Bitcoin Whales Display Bull Market Behavior With Strong Buying Spree: Bitcoin (BTC) whales, large holders of the cryptocurrency, have resumed their buying spree after a pause following Bitcoin’s all-time high in March.


👉Details: https://coinmarketcap.com/academy/article/bitcoin-whales-display-bull-market-behavior-with-strong-buying-spree

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$3B ETH Withdrawals from Exchanges Signal Potential Supply Squeeze for Ethereum: Following the U.S. approval of spot Ethereum (ETH) exchange-traded funds (ETFs) on May 23, over $3 billion worth of Ether has been withdrawn from centralized crypto exchanges.

👉Details: https://coinmarketcap.com/academy/article/dollar3b-eth-withdrawals-from-exchanges-signal-potential-supply-squeeze-for-ethereum

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GameStop Memecoin Surges Over 300% After "Roaring Kitty" Reveals $181.4 Million Stake: The GameStop (GME) stock saw a dramatic surge of over 19% in overnight trading following a post by Keith Gill, famously known as "Roaring Kitty" on Reddit.

👉Details: https://coinmarketcap.com/academy/article/gamestop-memecoin-surges-over-300percent-after-roaring-kitty-reveals-dollar1814-million-stake

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Crypto Fraud and Hack Losses Drop by 12% in May, According to Immunefi: Funds lost to cryptocurrency fraud and hacks have seen a 12% decline year-over-year, according to a recent report from blockchain security firm Immunefi.

👉Details: https://coinmarketcap.com/academy/article/crypto-fraud-and-hack-losses-drop-by-12percent-in-may-according-to-immunefi

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TRUMP Memecoin Makes New High After Initial Plunge Following Donald Trump’s Conviction: The largest memecoin associated with U.S. presidential candidate Donald Trump, MAGA (TRUMP), has recovered after initially dropping 16%.

👉Details: https://coinmarketcap.com/academy/article/trump-memecoin-makes-new-high-after-initial-plunge-following-donald-trumps-conviction

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CoinMarketCap is excited to welcome Aperture Finance to the #CMCLabs incubation program! 🚀

Aperture stands out as a leader in the Intents space, pioneering with their AI Powered Intents solution. Stay tuned for groundbreaking developments!

📍Details: https://coinmarketcap.com/academy/article/aperture-finance-selected-for-coinmarketcaps-cmc-labs-accelerator-program

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Grayscale: 44% of US Voters Will Own Crypto on Clear Regulations: According to a new survey by Grayscale released on Tuesday, 44% of U.S. voters who currently do not own any cryptocurrency.

👉Details: https://coinmarketcap.com/academy/article/grayscale-44percent-of-us-voters-will-own-crypto-on-clear-regulations

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Bitcoin Futures Open Interest Hits 16-month High Amid Price Resilience: The price of Bitcoin (BTC) has experienced a downward trend since reaching $70,300 on May 27, currently hovering around $67,920, a 2% decline over the past 7 days.

👉Details: https://coinmarketcap.com/academy/article/bitcoin-futures-open-interest-hits-16-month-high-amid-price-resilience

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PEPE Active Addresses Double as Ethereum-based Memecoin Hits All-time High: Blockchain addresses engaging in transactions with Pepe (PEPE) have witnessed a staggering surge in activity over the recent month.

👉Details: https://coinmarketcap.com/academy/article/pepe-active-addresses-double-as-ethereum-based-memecoin-hits-all-time-high

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Donald Trump's Crypto Holdings Momentarily Surpass $10M, Led by TRUMP Token: Republican candidate and former US President Donald Trump briefly saw his on-chain cryptocurrency holdings exceed $10 million, largely driven by his largest token investment in MAGA (TRUMP).

👉Details: https://coinmarketcap.com/academy/article/donald-trumps-crypto-holdings-momentarily-surpass-dollar10m-led-by-trump-token

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Solana Governance Vote Approves 100% of Priority Fees to Validators, Raises Concerns of Inflation: The Solana (SOL) community recently concluded a governance vote, resulting in a decision to allocate 100% of priority fees to validators.

👉Details: https://coinmarketcap.com/academy/article/solana-governance-vote-approves-100percent-of-priority-fees-to-validators-raises-concerns-of-inflation

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Trader Rakes in $2.7 Million in Profit in 3 Days on Trump-Themed MAGA Memecoin: A trader has managed to make an astonishing $2.7 million profit within a span of just three days by trading the Donald Trump-themed MAGA (MAGA) memecoin.

👉Details: https://coinmarketcap.com/academy/article/trader-rakes-in-dollar27-million-in-profit-in-3-days-on-trump-themed-maga-memecoin

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Chainlink (LINK) Surges 10% as Bullish Sentiment Grows Following ETH ETF Approval: Chainlink (LINK), currently the 14th largest cryptocurrency by market capitalization, emerges as Monday's best performer among the large caps.

👉Details: https://coinmarketcap.com/academy/article/chainlink-link-surges-10percent-as-bullish-sentiment-grows-following-eth-etf-approval

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Bitcoin ETFs Now Hold 1 Million BTC in Custody, Worth $70.5 Billion: Bitcoin exchange-traded funds (ETFs) have reached a significant milestone, with over 1 million BTC now held in custody.

👉Details: https://coinmarketcap.com/academy/article/bitcoin-etfs-now-hold-1-million-btc-in-custody-worth-dollar705-billion

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Spot Ethereum ETF Approval Bolsters Asset Tokenization on Ethereum Blockchain: The approval of spot Ethereum ETFs by the US Securities and Exchange Commission (SEC) carries significant implications for firms engaged in tokenizing assets that trade on-chain.


👉Details: https://coinmarketcap.com/academy/article/spot-ethereum-etf-approval-bolsters-asset-tokenization-on-ethereum-blockchain

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🗞 CryptoNews of the Day 🗞

Fantom Foundation Reveals Sonic Foundation for New Sonic Chain: The Fantom Foundation has recently unveiled plans to launch the Sonic chain and has established a dedicated foundation to oversee its development and deployment.


👉Details: https://coinmarketcap.com/academy/article/fantom-foundation-reveals-sonic-foundation-for-new-sonic-chain

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