In the first full trading week of June, U.S. Bitcoin ETFs acquired almost as much Bitcoin as they did in the entire month of May.
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Base TVL surges to $8B just days after overtaking OP Mainnet
Base has topped Ethereum layer 2 leaderboards by transaction count and has been the most profitable Ethereum scaler for three consecutive months.
Orbit Chain hacker moves $48M to Tornado Cash after months of ‘silence’
The cross-chain bridge was exploited for $82 million over New Year’s Eve, with the funds sitting dormant since Jan. 1.
DePIN protocol io.net CEO departs 2 days before token launch
Ahmad Shadid, one of the founders of io.net, left “effective immediately” but said it wasn’t related to allegations regarding his past.
Boomers hold the key to wealth, even in cryptocurrency
Baby boomers hold $68 trillion in assets in the United States alone. Will that cash continue trickling into cryptocurrency markets for the foreseeable future?
Binance CEO: Crypto industry has shifted from ‘early adopters’ to ‘early majority’
CEO Richard Teng’s commentary came in response to Binance reaching the 200 million user threshold.
China’s largest payments app debuts AI feature that checks if you’re balding
Eat your heart out Elon Musk and X.com, China’s Alipay is the real ‘everything app.’
BNB, TON, FIL, and INJ can go much higher if Bitcoin price flips $69K
Bitcoin is trying to flip the $69,000 level into support, and if it does, BNB, TON, FIL and INJ may move higher.
Intel and AfDB to train millions of Africans in AI
The initiative aims to equip many Africans with skills in advanced technologies like artificial intelligence, robotics and data science.
Ethereum leaders are stuck in a ‘massive contradiction’ — Wintermute CEO
“You are either building capitalism or planned socialism,” said Wintermute CEO Evgeny Gaevoy, pointing the finger at Vitalik Buterin, Hayden Adams and the wider Ethereum community.
Arbitrum to distribute $215M in ARB tokens for gaming innovation
Initially introduced in March, the proposal was approved on June 7, with over 75% of votes in favor.
Bitcoin volatility hovering within 6% of record low levels
Before the June 7 price decline, Bitcoin's volatility over the previous 15-day period sat within "the bottom 6% of occurrences."
Friend.tech's plan to develop own blockchain leaves users confused
Decentralized social media platform Friend.tech has announced it will be teaming up with Conduit to develop its own blockchain, Friendchain.
Binance reaches 200M users with $100B in assets under custody
The 200 million user mark represents over a third of all cryptocurrency holders worldwide.
Roaring Kitty’s GME shares hit $1B, BTC open interest soars, and other news: Hodler’s Digest, June 2-8
GameStop trader Roaring Kitty sees his GME stake rise to $1 billion, Bitcoin open interest spikes and new U.S. laws target digital assets.
What are validiums, and how do they work?
Validiums use zero-knowledge proofs to ensure the validity of transactions without revealing private data.
Apple supercharging Siri and iOS with ‘Apple Intelligence’ and OpenAI
Social media and tech news pundits haven’t responded positively to the nomenclature.
ZkSync’s Gemholic project suspected $3.5M rug pull
Community members are currently trying to trace the Gemholic contract creator’s address, which is supposedly funded by Binance.
Crypto enthusiasts warn against naira trade ban on exchanges
Due to the rapid decline of the naira and the resulting almost three-decade-high inflation rate of 29.9%, the Nigerian government has turned its focus to platforms providing cryptocurrency services.
Bitcoin return to $71K would wipe $1.38B shorts
If Bitcoin returns to the price it had been hovering around for the previous two days before the slight dip, it would wipe out a considerable number of short positions.
BTC price settles at $69K after dip wipes $1.3B Bitcoin open interest
Bitcoin lingers lower following a “doubly strange” U.S. trading session, with BTC price support in question.
Donald Trump doubles down on crypto support at fundraiser event — Report
Donald Trump reportedly announced his goal to be the "crypto president" at the event, where he raised $12 million.
Crypto market tumble seen as quick shakeout, traders expect 'bullish' rebound
Cryptocurrency traders believe that the recent market downturn is just a "shakeout" and there is a "bullish continuation" on the horizon.
New York Stock Exchange-backed Bakkt considers sale — Report
Insiders, who spoke to Bloomberg, say a breakup of the company, a sale, or the decision to maintain its current structure are all on the table.
Impact of shifting SEC policy on ETH ‘yet to be seen’ — Consensys SC
Bill Hughes, Consensys’ senior counsel and director of global regulatory matters, spoke to Cointelegraph at Consensus 2024 in Texas on the status of its lawsuit against the SEC.
Crypto Biz: ARK drops bid for spot Ether ETF, miners adapt after halving, and more
This week’s Crypto Biz explores ARK Invest’s partnership with 21Shares, Galaxy Digital’s tokenized loan for Animoca Brands, Avail’s fundraising, the Toposware acquisition, and Bitcoin miners’ first reports since the halving.
GameStop's Roaring Kitty posts first livestream in 3 years— price reacts
The meme trader revealed that he was down $235 million and held call options on 12 million GameStop shares in his YouTube livestream, dated June 7.
Ethereum governance, and the downfall of celeb tokens: Finance Redefined
The rise and fall of celebrity meme tokens: how these celebrity-backed tokens have dumped in the current bull market.
Are Bitcoin traders losing hope? Top traders’ metric hits two-week low
Bitcoin derivatives markets show less appetite for bullish positions. Is BTC price at risk?
Bitcoin network transaction fees temporarily soar to nearly $52
The network is currently experiencing temporary congestion due to over 300,000 unconfirmed transactions waiting to be processed on Friday morning.