🗞 CryptoNews of the Day 🗞
Standard Chartered Sees Bitcoin Soaring to $150,000 by Year-End If Trump Wins Presidency: Standard Chartered predicts Bitcoin could soar to $150,000 by the end of 2024 if Donald Trump wins the U.S. presidential election, citing his crypto-friendly policies.
👉Details: https://coinmarketcap.com/academy/article/standard-chartered-sees-bitcoin-soaring-to-dollar150000-by-year-end-if-trump-wins-presidency
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Bitcoin Eyes All-Time Highs as Liquidity Takedown Looms: Bitcoin (BTC) hovered with the $71,000 mark at the June 6 Wall Street open, as traders anticipated a potential liquidity.
👉Details: https://coinmarketcap.com/academy/article/bitcoin-eyes-all-time-highs-as-liquidity-takedown-looms
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MicroStrategy Short Sellers Waver as Stock Price Soars: MicroStrategy currently has $6.9 billion in major short positions, with 18 of these listed on Fintel’s “The Big Shorts” list, which tracks the largest short positions disclosed to the SEC.
👉Details: https://coinmarketcap.com/academy/article/microstrategy-short-sellers-waver-as-stock-price-soars
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Bitcoin Miner Riot Platforms Stock Decline Following Kerrisdale Short Position: Riot Platforms (RIOT), a prominent Bitcoin mining company, saw its stock decline on Wednesday after well-known short-seller Kerrisdale Capital announced its short position on RIOT.
👉Details: https://coinmarketcap.com/academy/article/bitcoin-miner-riot-platforms-stock-decline-following-kerrisdale-short-position
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🔎 CMC Research: Aethir - Pioneering Decentralized GPU-as-a-Service for Next-Gen Computing
According to the Mythos Research Report on Aethir, 2023 saw explosive growth in DePIN, with 755+ projects and a market cap over $32B. As AI, telecom, and cloud gaming drive global GPU demand, North America's GPU cloud market is projected to soar from $3.2B in 2023 to $25.5B by 2030. 📈
Aethir is placed as a marketplace for aggregating GPU resources from enterprises, data centers, miners, and retail GPU providers, making these resources accessible to a broad audience.
👉 CMC takes a deeper look into this innovative project: https://coinmarketcap.com/academy/article/aethir-deep-dive-pioneering-decentralised-gpu-as-a-service
🗞 CryptoNews of the Day 🗞
Email Phishing Attack Hits Crypto Firms as Users Are Warned to be Wary of Compromised Newsletters: A "supply chain email breach attack" that is currently targeting users via compromised newsletter mailing lists has hit several cryptocurrency companies.
👉Details: https://coinmarketcap.com/academy/article/email-phishing-attack-hits-crypto-firms-as-users-are-warned-to-be-wary-of-compromised-newsletters
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StarkWare Unveils $1M Plan to Scale Bitcoin Using Zero-Knowledge Rollups: StarkWare, the Israeli company renowned for its Ethereum layer-2 solutions StarkNet and StarkEx, has announced a bold initiative to enhance Bitcoin's capabilities.
👉Details: https://coinmarketcap.com/academy/article/starkware-unveils-dollar1m-plan-to-scale-bitcoin-using-zero-knowledge-rollups
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Solana Saw Nearly Half a Billion New Tokens Created in May: Nearly half a million tokens were launched on the Solana blockchain in May, driven by low entry barriers and the growing allure of creating the next viral memecoin.
👉Details: https://coinmarketcap.com/academy/article/solana-saw-nearly-half-a-billion-new-tokens-created-in-may
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Bitcoin Reaches New Highs Since Halving, ORDI, DOG and Other BTC Memecoins Rally: Bitcoin (BTC) price surged past $71,000, hitting its highest price since the Bitcoin Halving event.
👉Details: https://coinmarketcap.com/academy/article/bitcoin-reaches-new-highs-since-halving-ordi-dog-and-other-btc-memecoins-rally
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TON Network’s Notcoin Surged 320% as User Traction Spike: Notcoin (NOT) skyrocketed over 320% in the past week, reaching a peak of $0.02896 on June 2.
👉Details: https://coinmarketcap.com/academy/article/ton-networks-notcoin-surged-320percent-as-user-traction-spike
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Bitcoin and Ethereum Funds See Surge in Inflows Ahead of ETH Spot ETFs Trading: According to CoinShares, global Bitcoin funds registered net inflows totaling $148 million last week.
👉Details: https://coinmarketcap.com/academy/article/bitcoin-and-ethereum-funds-see-surge-in-inflows-ahead-of-eth-spot-etfs-trading
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Japanese Exchange DMM Bitcoin Suffers Significant Hack, Over $300M Stolen From Wallet: Japanese cryptocurrency exchange DMM Bitcoin announced on Friday that over $300 million worth of Bitcoin (BTC) was stolen from its primary wallet.
👉Details: https://coinmarketcap.com/academy/article/japanese-exchange-dmm-bitcoin-suffers-significant-hack-over-dollar300m-stolen-from-wallet
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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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US Spot Bitcoin ETFs See Longest Ever 18-Day Inflow Streak: U.S. spot Bitcoin exchange-traded funds (ETFs) have achieved their longest streak of consecutive net inflows since their inception, recording an 18-day run of positive flows as of Thursday.
👉Details: https://coinmarketcap.com/academy/article/us-spot-bitcoin-etfs-see-longest-ever-18-day-inflow-streak
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BNB Reaches All-Time High Amid High Onchain Activity, Open Interest: BNB (BNB), the native token of the BNB Chain, reached a record high of $720 on June 6 before correcting to $705.
👉Details: https://coinmarketcap.com/academy/article/bnb-reaches-all-time-high-amid-high-onchain-activity-open-interest
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Telegram Introduces In-App Token 'Telegram Stars' for Seamless Digital Purchases: Telegram has unveiled a new in-app token called "Telegram Stars," designed to streamline payments for digital goods and services on its platform.
👉Details: https://coinmarketcap.com/academy/article/telegram-introduces-in-app-token-telegram-stars-for-seamless-digital-purchases
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VanEck Analysts Predict Ethereum Could Reach $22,000 by 2030: VanEck analysts have significantly raised their price prediction for Ethereum (ETH) to $22,000 by 2030.
👉Details: https://coinmarketcap.com/academy/article/vaneck-analysts-predict-ethereum-could-reach-dollar22000-by-2030
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🗞 CryptoNews of the Day 🗞
Vitalik Buterin “Unhappy” With Celebrity Memecoins Trend, Calls for Meaningful Projects: Vitalik Buterin, the co-founder of Ethereum, has expressed his dissatisfaction with the recent wave of celebrity memecoin releases.
👉Details: https://coinmarketcap.com/academy/article/vitalik-buterin-unhappy-with-celebrity-memecoins-trend-calls-for-meaningful-projects
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Coinbase Launches Smart Wallet, Aims To Onboard 1 Billion Users: Coinbase, a leading U.S. cryptocurrency exchange, has rolled out its much-anticipated Smart Wallet.
👉Details: https://coinmarketcap.com/academy/article/coinbase-launches-smart-wallet-aims-to-onboard-1-billion-users
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Layer 2 Base Achieves Record TVL Ahead of Coinbase’s Smart Wallet Launch: Base, Coinbase's Layer 2 blockchain, has reached a new milestone with its total value locked (TVL) hitting an all-time high.
👉Details: https://coinmarketcap.com/academy/article/layer-2-base-achieves-record-tvl-ahead-of-coinbases-smart-wallet-launch
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BNB Token Reached Record High Amidst Volatile Trading: Binance's native token, BNB, has reached a new all-time high of $711.56, following a significant surge of almost 17% over the last 7 days.
👉Details: https://coinmarketcap.com/academy/article/bnb-token-reached-record-high-amidst-volatile-trading
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GameStop Whale 'Roaring Kitty' May Be Removed on E*Trade Over Manipulation Concerns: According to a June 3 report by The Wall Street Journal, Gill, who recently made a high-profile return to social media platform X.
👉Details: https://coinmarketcap.com/academy/article/gamestop-whale-roaring-kitty-may-be-removed-on-etrade-over-manipulation-concerns
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Iggy Azalea's MOTHER Token Reaches All-time High Amid Crypto Twitter Buzz: Rapper Iggy Azalea’s MOTHER, launched on Solana, experienced a surge in trading demand, reaching an all-time high of $0.08952 on Sunday, just days after its launch.
👉Details: https://coinmarketcap.com/academy/article/iggy-azaleas-mother-token-reaches-all-time-high-amid-crypto-twitter-buzz
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Wisconsin Pension Fund Dips Into Bitcoin ETFs, Potential Expansion Into Crypto: Wisconsin's pension fund made headlines in the first quarter by incorporating two spot Bitcoin (BTC) exchange-traded funds (ETFs) into its portfolio.
👉Details: https://coinmarketcap.com/academy/article/wisconsin-pension-fund-dips-into-bitcoin-etfs-potential-expansion-into-crypto
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🗞 CryptoNews of the Day 🗞
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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🗞 CryptoNews of the Day 🗞
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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