25281
We have the best crypto news feed on Telegram ▶️ Bitcoin Updates ▶️ Trading Signals ▶️ Crypto News ▶️ upcoming ICOs ▪️Join Now: @CryptoNewsSource Admin: @Crypto_Marcus
💰 Terraform Labs to dissolve, CEO asks community to take over following $4.47 billion SEC settlement
Chris Amani, CEO of Terraform Labs, the developer of Terra blockchain, asked the community to take the reins as the firm plans to dissolve its operations. The firm, according to Amani, plans to sell its projects in the Terra ecosystem including Pulsar Finance, Station Wallet and Enterprise DAO. This follows Terraform's massive $4.47 billion settlement with the U.S. Securities and Exchange Commission related to the UST algorithmic stablecoin, which dramatically collapsed in 2022.
Source
/channel/CryptoNewsSource
🦊 MetaMask launches pooled staking for Ethereum, excluding US and UK users
MetaMask developer Consensys has launched pooled staking for its popular web3 wallet, enabling users to stake any amount of ether to contribute to Ethereum network security and earn validator rewards. Before the launch, only users with at least 32 ETH (around $113,000), the minimum required by the Ethereum protocol, could stake natively in validators operated by the firm. MetaMask users can unstake their ether at any time, but the process is subject to waiting times that may vary depending on the current Ethereum validator exit queue.
Source
/channel/CryptoNewsSource
💰 Polygon community treasury announces grants program for builders, initially distributing 35 million MATIC
A Polygon community treasury has announced a long-term plan to spur development on the blockchain that involves unlocking 1 billion tokens over a decade. "After community consensus, the Community Treasury has been created, with 1 billion POL unlocked over 10 years, with [approximately] 100 million POL per year, all for builders," the treasury said in an announcement. POL is set to become Polygon's native token, replacing MATIC eventually.
Source
/channel/CryptoNewsSource
🪙 Spot Ethereum ETFs could capture up to 20% of Bitcoin ETF flows, analyst predicts
Spot Ethereum exchange-traded funds could capture as much as a fifth of the investment flows currently directed towards spot bitcoin ETFs, an analyst said. "Forecasts show that spot Ethereum ETFs could capture between 10-20% of the flows that have been going into spot bitcoin ETFs," Bitfinex head of derivatives Jag Kooner told The Block. However, Kooner said he believes a lot depends on clarification in the future regarding staking being allowed or denied by the U.S. Securities and Exchange Commission for spot Ethereum ETFs.
Source
/channel/CryptoNewsSource
🔵 Arbitrum DAO votes to approve $215 million gaming ecosystem fund proposed by Arbitrum Foundation
Arbitrum Foundation, the organization that supports the Ethereum rollup-based Layer 2 network Arbitrum, will get its wish to distribute hundreds of millions of dollars to support gaming projects on the network over the next three years. Organizations that significantly supported the proposal include L2Beat, Wintermute, and gaming-focused Treasure DAO, while Blockworks Research and Camelot DAO numbered among those who voted against.
Source
/channel/CryptoNewsSource
🟠 Binance Confirms Mastercard and Visa Support for Crypto Purchases but No Binance Credit Card Issued
Cryptocurrency exchange Binance posted on social media platform X Thursday that users can purchase cryptocurrency using Mastercard, Visa, or SEPA for bank transfers. The announcement led to confusion among some users regarding the reintroduction of Binance-branded credit cards. Binance Customer Support clarified that the current facilities allow the use of existing payment methods to buy crypto and do not indicate the issuance of a new Binance credit card.
Source
/channel/CryptoNewsSource
🟠 Binance moves to dismiss most of UK Bitcoin SV case
Binance moved to dismiss most of the claims in a UK case regarding its delisting of Bitcoin SV (BSV), Reuters reported on June 5. The case also names the companies behind Kraken, Shapeshift, and Bittylicious as defendants. BitMEX Research reported that six companies related to the four exchanges appeared with legal teams before the tribunal today. Binance asked the UK Competition Appeal Tribunal during a hearing to dismiss the part of the case claiming that BSV had the potential to become a major crypto.
Source
/channel/CryptoNewsSource
🚀🌟 FlokiCat: Solana's Rising Star! 🌟🚀
🐾 $FC has skyrocketed to a $600K market cap in just 11 days! 📈 Celebrate this rapid success with us and join the revolution!
🔥 Burns Achieved: 1% at $200K & $500K market caps—next burn at $5M! 🔥
💎 Trusted Team: Diamond hands, full transparency, regular voice chats!
🌍 Community-Driven: Over 600 members and growing daily! United in action and vision! 🌍
🔗 Connect with FlokiCat:
⚫ Contract Address (CA): DAt9V3J3Cv959NRVmoENNfrqhTB68g2B6ovU6r9tajrG
⚫ Telegram (TG): @FlokiCatOnSol
⚫ Twitter (X): @FlokiCatSol
⚫ Website (Web): FlokiCat.org
🌟 Join us on our journey towards Valhalla – 1000x potential! 🌟
🔗 Quickjoin Telegram: /channel/+j_8fn7l0O6thMTli
🚀 Invest in something big. FlokiCat to the moon! 🌙
#advertisement
🇺🇸 US Should Join UK in ‘Blockchain Sandbox’ Free of Regulatory Meddling, SEC Commissioner Says
Hester Peirce, a leading member of the Securities and Exchange Commission (SEC), has signaled her support to a proposed cross-border “digital securities sandbox” between the U.S. and the U.K. SEC Commissioner Peirce praised the Bank of England and the Financial Conduct Authority (FCA) of the U.K. for proposing a local “digital securities sandbox” (DSS), which would let participating companies to experiment with blockchain technology “in the issuance, trading, and settlement of securities.”.
Source
/channel/CryptoNewsSource
⚪️ Worldcoin Officially Launches in Colombia
Worldcoin, the iris-scanning biometric proof-of-personhood project, announced on Thursday the launch of its operations in Colombia. Via social media, the project reported that eye-scanning operations were already available in Bogota and Medellin, for World ID users. Currently, only ten locations with orbs (iris scanning machines) are available, six in Bogota and four in Medellin.
Source
/channel/CryptoNewsSource
🪙 Ether options open interest concentrates at $5,000 calls for end-of-June expiry
The largest cluster of open interest for ether options is currently $5,000 calls for the end-of-June expiry — indicating a bullish outlook with traders using call spreads between $4,000 and $5,000 to position for potential price rises, analysts said. "When we examine derivatives data, we notice that the highest open interest for ether is currently in the June $5,000-call option," SynFutures co-founder Rachel Lin told The Block.
Source
/channel/CryptoNewsSource
💰 Trump Interested in Using Bitcoin to Solve the US National Debt Problem
Former President and Republican Presidential Candidate Donald Trump reportedly inquired about solving the U.S. national debt problem using bitcoin. Audio recorded by the Bitcoin.com News team confirmed that on an X space held on Sunday night, Bitcoin Magazine CEO David Bailey revealed that Trump asked if bitcoin could solve the $35 trillion U.S. national debt problem during their first meeting.
Source
/channel/CryptoNewsSource
💰 Ripple $25 million crypto education contribution amid rising importance in 2024 election
Ripple has highlighted the 2024 US election as a crucial juncture for the crypto industry, according to a May 29 statement. In response, the company has donated $25 million to Fairshake, a federal super PAC that backs pro-crypto and pro-innovation candidates. This contribution raises Ripple’s total donation to the committee to $50 million. Notably, Fairshake has attracted funding from prominent crypto industry players, including Coinbase, Gemini, and venture capital firm Andreessen Horowitz.
Source
/channel/CryptoNewsSource
🇺🇸 Crypto wallet linked to Donald Trump hits $10 million in value: Arkham
A crypto wallet linked to former President and leading Republican presidential candidate Donald Trump holds around $10 million worth of assets. The wallet holds $7.12 million worth of MAGA tokens, known by its ticker, according to blockchain data tracker Arkham Intelligence. The MAGA tokens were originally puchased with wrapped ether on Uniswap, Arkham noted. The wallet also holds 463.441 ETH ($1.84 million) and 1 million tokens of MAGA VP (MVP) valued at around $509,000.
Source
/channel/CryptoNewsSource
💰 Robert Kiyosaki Advises Buying Bitcoin Before Price Explodes — Warns of Bonds Crashing
Rich Dad Poor Dad author Robert Kiyosaki has warned investors about the bond market crashing, urging them to invest in “safer real assets,” like bitcoin, before their prices “explode.” He criticizes financial planners for promoting bonds as safe investments, predicting significant losses for investors when AAA bonds and commercial real estate crash. Meanwhile, Kiyosaki expects bitcoin’s price to reach $2.3 million.
Source
/channel/CryptoNewsSource
💰 Bitcoin miners rise 10% after Trump promises to back US miners
Bitcoin (BTC) mining stocks soared double digits on Wednesday a day after United States presidential candidate Donald Trump promised to bolster mining operations in the country. Trump said he wants “all the remaining Bitcoin to be MADE IN THE USA!!!” adding it would help the country be “ENERGY DOMINANT” in a June 12 post, which came shortly after a meeting he hosted with some of the industry’s top executives.
Source
/channel/CryptoNewsSource
🪙 ProShares files S-1 for spot Ethereum ETF, expands on BNY Mellon and Coinbase roles
ProShares filed an S-1 registration statement for its spot Ethereum ETF on June 11, confirming and expanding on the roles of various fund participants. According to the filing, Coinbase Credit will serve as the company’s trade credit lender, allowing it to borrow Ethereum (ETH) and cash for certain transactions that exceed its trading balance. Bank of New York Mellon will serve as transfer agent, processing purchase and redemption orders and maintaining fund ownership records.
Source
/channel/CryptoNewsSource
📊 Surge in Digital Asset Investments Following SEC ETF Approvals, Coinshares Reports
Digital asset investment products have witnessed significant inflows totaling $2 billion, marking a strong five-week streak that accumulates to $4.3 billion. As reported by Coinshares, this surge aligns with increased trading volumes and shifting monetary policy expectations.
Source
/channel/CryptoNewsSource
🇺🇸 DOJ Charges Epoch Times Exec with Laundering $67M Using Cryptocurrency
The US Department of Justice (DoJ) indicted Bill Guan, the chief financial officer of Epoch Times, on Tuesday. The DOJ alleges that Guan was involved in an international scheme to launder around $67 million of illicit funds using cryptocurrency. From 2020 to May 2024, Bill Guan engaged in a large-scale international money laundering scheme, collaborating with others to launder approximately $67 million of illegal funds into the bank accounts of his media company and its related entities, according to the official press release by DOJ.
Source
/channel/CryptoNewsSource
JUST IN: 🇺🇸 Donald Trump calls himself a "crypto president" at San Francisco tech fundraiser.
/channel/CryptoNewsSource
💰 Bitcoin ETFs see $1.4 billion in 2 days amid 17-day inflow streak, tying record
According to Farside data, Bitcoin (BTC) exchange-traded funds (ETFs) experienced substantial inflows on June 5, with a notable accumulation of $488.1 million. This marks 17 consecutive trading days of inflows, tying the record for the longest streak. Over the past two days alone, inflows have surged to an impressive $1.4 billion. Farside data shows that Fidelity FBTC led the inflows with $220.6 million, bringing its total net inflow to $9.6 billion.
Source
/channel/CryptoNewsSource
🇺🇸 Short seller hits Riot Platforms, says US bitcoin miners are 'competing in a global race they cannot win'
“Bitcoin mining is easily among the worst business models for a public company we have ever encountered,” Kerrisdale Capital analysts wrote in a 17-page report this morning. “[U]npredictable revenue, capital intensive, extremely competitive, a pure commodity product, and lately drawing intense regulatory scrutiny even in crypto-friendly places like Texas where Riot has 100% of its bitcoin production.” Riot Platforms' stock is falling in Wednesday’s session after a short seller released a new report on the company and the entire U.S. bitcoin mining industry.
Source
/channel/CryptoNewsSource
🟠 Binance to restrict 'unauthorized' stablecoins in EU starting June 30, urges users to switch to regulated tokens
Binance, the world's largest cryptocurrency exchange by trading volume, announced it will soon restrict availability in the European Union to stablecoins that are considered "unregulated" by the EU. In a statement, Binance said the rules for stablecoins outlined in the EU's Markets in Crypto-Assets Regulation (MiCA) will come into effect at the end of June.
Source
/channel/CryptoNewsSource
💰 FTX offloads remaining Anthropic shares as bankruptcy cost surpasses $700 million
FTX sold the remaining 15 million shares for about $30 each, netting over $450 million in proceeds. That brings the total haul from FTX's original $500 million investment in the company to about $1.3 billion, for a profit of around $800 million. The price per share for this second sale was the same for the first sale back in March.
Source
/channel/CryptoNewsSource
🇺🇸 Biden vetoes bill overturning SAB 121, says standard 'necessary' for crypto innovation
U.S. President Joe Biden vetoed a bill to overturn a controversial Securities and Exchange Commission bulletin establishing accounting standards for firms that custody crypto. "My Administration will not support measures that jeopardize the well-being of consumers and investors," said President Biden in a letter addressed to the U.S. House of Representatives posted on the White House website.
Source
/channel/CryptoNewsSource
💰 FTX lawyers and advisors charged over $500 million in bankruptcy process so far
FTX lawyers and advisors have seen over $500 million in fees approved from the estate as the bankruptcy costs keep rising. In all, those overseeing the bankruptcy process have asked for more than $700 million in fees and expenses, although many of the requests have been cut back by 20%, and some have not yet been approved.
Source
/channel/CryptoNewsSource
🪙 BlackRock files amended S-1 registration statement for upcoming Ethereum ETF with more disclosures
BlackRock filed an amended registration statement for its proposed Ethereum fund, marking the latest move as firms work to list and trade their products. The world's largest asset manager filed its amended S-1 registration statement almost a week after the U.S. Securities and Exchange Commission approved 19b-4 forms for eight Ethereum ETFs, including BlackRock's proposed iShares Ethereum Trust. Issuers still need their S-1 statements to become effective before trading can begin.
Source
/channel/CryptoNewsSource
💰 Healthcare tech company shares surge 27% after announcing plans to buy bitcoin with cash reserves
Medical device maker and healthcare technology company Semler Scientific announced Tuesday it plans to buy bitcoin with its cash reserves and, almost immediately, the company's shares rose by as much as 27%. Semler Scientific's board of directors had "adopted bitcoin as its primary treasury reserve asset" and "purchased 581 bitcoins for an aggregate amount of $40 million, inclusive of fees and expenses," the company said.
Source
/channel/CryptoNewsSource
♦️ Polkadot celebrates 4 year anniversary with unanimous JAM upgrade approval
The Polkadot community celebrated the blockchain’s fourth anniversary by ratifying the highly anticipated Join-Accumulate Machine (JAM) upgrade. The proposal received unanimous support, with backing from over 31 million DOT tokens. JAM is a decentralized hybrid system offering secure and scalable smart contract functionalities by merging features from Ethereum within Polkadot’s framework.
Source
/channel/CryptoNewsSource
💰 Bitcoin miner Marathon partners with Kenya to capitalize on excess energy
Marathon Digital Holdings has partnered with Kenya to monetize underutilized energy. Marathon chairman and CEO Fred Thiel signed the agreement with Kenya’s Prime Cabinet Secretary, Hon. Musalia Mudavadi, E.G.H, on May 24. Thiel said the deal will involve Kenya and Marathon “jointly developing technology projects.” Thiel described a partial focus on digital assets, stating that the country has a “special spot in the history of digital currencies” and that Marathon will “play a part in the next phase.”
Source
/channel/CryptoNewsSource