EU Vote See Reelection of Some Officials With Key Roles in Bloc's Crypto Journey
[Jun 10 10:44 AM] Among the MEPs retaining their seats is Stefan Berger, who steered the landmark MiCA legislation.
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Bitfarms Adopts Defensive Measures Against Riot Platforms’ Takeover
[Jun 10 10:17 AM] Bitfarms Ltd. has adopted a shareholder rights plan to protect the integrity of its ongoing Strategic Alternatives Review Process. This plan was unanimously approved by the Board and involves issuing rights to shareholders to prevent unwanted…
Base memecoin project Normie fires intern over offensive video
[Jun 10 8:48 AM] The video, which had the caption, “Something is cooking in the Normie Labs,” was deemed distasteful.
Onchain Alerts Uncover $19 Million Siphoned From Defi Protocol Uwu Lend
[Jun 10 8:48 AM] On June 10, the onchain intelligence platform Arkham revealed that the decentralized finance (defi) protocol Uwu Lend may have experienced a potential exploit. Arkham and Cyvers reported that more than $19 million had been siphoned from the lending…
Double-Digit Gainers and Losers Define a Turbulent Week in Crypto
[Jun 10 7:52 AM] At press time on Monday, the global cryptocurrency market is valued at $2.53 trillion, reflecting a 0.89% decline over the last day. In the past week, six tokens have experienced double-digit gains, with the meme coin brett (BRETT) increasing by…
Crypto Mainstream Adoption Has Increased in Recent Months, Canaccord Says
[Jun 10 6:37 AM] The broker raised its Galaxy Digital price target to C$23 from C$17, while maintaining its buy rating.
Paraguayan Minister Unveils Future Economic Strategy Centered on Bitcoin Mining for Industrial Transition
[Jun 10 5:20 AM] Javier Gimenez, from the Paraguayan Ministry of Industry and Commerce, revealed that the government plans to take advantage of the energy sold to legal bitcoin mining operations. Gimenez stated that selling Paraguay’s energy to bitcoin mining…
Robinhood’s Acquisition of Bitstamp Expands Its Global Reach: Architect Partners
[Jun 10 4:18 AM] Crypto is becoming an increasingly important part of Robinhood’s business, accounting for 20% of total revenue in the first quarter, the report said.
Ready To Strike? Bitcoin Poised For A Big Move After Major Consolidation
[Jun 10 2:30 AM] Bitcoin (BTC) seems poised for a major breakout, if prominent analysts are to be believed. The world’s most popular cryptocurrency has been stuck in a consolidation phase for a record-breaking 87 days, but experts say this slumbering giant…
Bitcoin Buoyed By Big Money: Whales Gobble More BTC, Signaling Bullish Outlook
[Jun 10 12:17 AM] Bitcoin (BTC) finds itself in a curious position, caught in a tug-of-war between the bullish conviction of whales (large investors) and the jittery hands of short-term holders. The world’s top cryptocurrency recently surged to within a…
30 Countries Seek to Join BRICS, Russian Ambassador to China Says
[Jun 9 8:20 PM] Russian Ambassador to China Igor Morgulov disclosed that approximately 30 countries are interested in joining the BRICS economic bloc in an opinion piece published by the South China Morning Post last week. BRICS welcomed five new members in…
‘First Citizen’ of Bitcoin City Leaves El Salvador After Waiting Over 2 Years for Its Construction
[Jun 9 7:36 PM] Corbin Keegan, a U.S. national who self-proclaimed himself as the first citizen of Bitcoin City, has temporarily left El Salvador after waiting over two years for the state to build the settlement. President Nayib Bukele first announced this…
6 US Banks Face Moody’s Downgrade
Elliptic Study Finds AI-Enabled Crime in Cryptocurrency Remains in Early Stages
[Jun 9 5:33 PM] A new study has found that crimes enabled by artificial intelligence in the cryptocurrency ecosystem are still in their nascent stages. Stakeholders can prevent these activities from becoming widespread through timely and measured responses. Data…
Trump Campaign Crypto Aide Announces Presidential Roundtable on Domestic Bitcoin Mining
[Jun 9 2:41 PM] David Bailey, CEO of Bitcoin Magazine and Trump campaign cryptocurrency aide, has announced that Former President Donald Trump will participate in a Presidential Roundtable on domestic bitcoin mining as part of its new cryptocurrency-friendly…
Report: Speculation Returns as Bitcoin Market Shows Signs of Recovery
[Jun 9 1:38 PM] Glassnode’s latest onchain analysis reveals a resurgence in speculative activity in the bitcoin (BTC) market after months of stagnation. This shift marks a potential change in market sentiment, with both short and long-term holders…
Rapid Fluctuations in Bitcoin Fees Cause Brief Spike in Hashprice
[Jun 9 11:27 AM] Bitcoin’s hashprice, representing the anticipated value of one petahash per second (PH/s) per day of hashing power, climbed to $95 per petahash on June 8, marking the highest level since the halving. The increase derived from a rise in…
$16B Injected Into Stablecoin Economy in 90 Days; Tether Claims 69% of Total
[Jun 9 9:20 AM] Over the last 90 days, the stablecoin economy expanded by over 11%, with $16.23 billion infused into the market of fiat-pegged crypto tokens. In the past 30 days, USDE, the fourth largest U.S. dollar-pegged coin, experienced a 46.1% increase in its…
Litecoin Sees Massive 75% Surge In Major Metric – Can This Trigger A Rally To $200?
[Jun 9 8:34 AM] Daily active addresses on the Litecoin blockchain have seen a drastic uptick despite days of uninteresting price action. The substantial rise in active Litecoin addresses and overall interest suggests a price rally could be on the horizon…
Polymarket Bets Show Growing Confidence in Trump’s Election Victory Over Biden
[Jun 9 8:15 AM] Ten days ago, after former President Donald Trump was convicted on 34 counts connected to a hush-money scheme, Polymarket bets indicated his chances of winning the 2024 election still stood at 54%, compared to incumbent President Joe Biden’s 40%…
Bitcoin Premium in South Korea Increases, Reflecting Strong Local Demand
[Jun 9 7:22 AM] After falling below $70,000, bitcoin has stabilized above the $69,000 mark. In contrast, South Korea has seen a notable rise in the premium for bitcoin. South Korea’s Bitcoin Premium Rebounds After Hitting Recent Low Recently, bitcoin (BTC)…
Latam Insights: Mexican Billionaire Ricardo Salinas Recommends Purchasing Bitcoin, Cardano Partners Argentine Province
[Jun 9 6:20 AM] Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: Mexican billionaire Ricardo Salinas advises purchasing Bitcoin, Cardano partners with an Argentine…
Scalpers Rejoice! Top Analyst Predicts Chainlink (LINK) Short-Term Surge
[Jun 9 5:30 AM] The Chainlink (LINK) market is abuzz with chatter after a popular cryptocurrency analyst issued a bearish forecast. In a recent analysis, CryptoWzrd predicted a continued downward trend for LINK in the coming days, but also hinted at a potential…
The Memecoin Frenzy Has Ignited a Scalability Arms Race
[Jun 9 4:26 AM] Following a spell of TradFi breakthroughs, all-time highs, and intense optimism in the crypto industry, selling pressure across most major cryptocurrencies are slowly beginning to ease, with trading volumes submitting to more tenable growth levels…
FBI Warns of Rising Government Impersonation Scams Demanding Crypto
[Jun 9 12:36 AM] The Federal Bureau of Investigation (FBI) Portland Division warned the public this week about a surge in scammers impersonating FBI agents and other government officials, demanding cash, gold, or cryptocurrency payments. The FBI stressed that…
FTX Loaned Millions to Australian Influencer to Ward Off Potential Litigation, Bankruptcy Report Reveals
[Jun 8 11:38 PM] According to a bankruptcy report from FTX, the defunct cryptocurrency exchange loaned an Australian influencer slightly more than $13 million. This loan was intended to assist him in repaying investors. The exchange proposed lending Saunders…
Ripple Teams Up With Clear Junction for GBP and EUR Payouts
[Jun 8 9:32 PM] Ripple has partnered with Clear Junction, a global leader in cross-border payment solutions for regulated institutions, to enhance cross-border payments, enabling instant and secure GBP and EUR payouts, with more currencies to follow. Ripple…
Gold Rush Hits Seoul Streets: Gold Bars Now Sold in Vending Machines
[Jun 8 8:31 PM] Vending machines in Seoul, South Korea, are revolutionizing the traditional concept of buying gold by offering gold bars in various sizes. Situated within convenience stores throughout the affluent Gangnam district and other areas, these machines…