💰 Terraform agrees to pay $4.47 billion in proposed judgment with the SEC

Terraform Labs agreed to pay $4.47 billion in fines after reaching a settlement with the U.S. Securities and Exchange Commission over its algorithmic stablecoin that fell dramatically in 2022. The SEC filed a "proposed final consent judgment" on Wednesday, asking Judge Jed Rakoff of the U.S. District Court for the Southern District of New York to approve the plan.

Source

https://t.me/CryptoMarketTime

💰 Texas wants to use bitcoin miners for grid stability as power demand soars

The Electricity Reliability Council of Texas (ERCOT) is considering integrating Bitcoin miners as Controllable Load Resources (CLRs) to enhance grid stability. During a Texas Senate Business & Commerce Committee hearing, ERCOT CEO Pablo Vegas emphasized that classifying more Bitcoin miners as CLRs would improve the reliability of the state’s power grid.

Source

https://t.me/CryptoMarketTime

💰 Bitcoin miner Bitfarms stock surges after raising 2025 guidance to over 35 EH/s

Bitcoin miner Bitfarms has reiterated the Riot Platforms takeover proposal would not be in the best interest of its shareholders and later announced it entered into an agreement to develop its first large-scale mining site in the United States, which will boost the miner's overall power capacity. As a result, this raises Bitfarms' 2025 power capacity to 648 megawatts, 170% growth from its current capacity and up 47% from its targeted year-end 2024 capacity.

Source

https://t.me/CryptoMarketTime

💰 MicroStrategy Ups its Bitcoin-Centered Convertible Note Offering to $700 Million

The world’s largest corporate holder of BTC increased its target by 40%. Just a day after announcing a $500 million convertible senior note offering to purchase more BTC, among other goals, Michael Saylor’s brainchild increased its target to $700 million. The company’s shares have been on a wild ride in 2024, perhaps due to the developments around the Bitcoin landscape, but have soared by triple digits since the start of the year.

Source

https://t.me/CryptoMarketTime

🪙 Tether Debuts New 'Synthetic' Dollar Backed by Tokenized Gold in Tokenization Push

Tether, the company behind the $110 billion stablecoin (USDT), debuted Monday a new token minting platform called Alloy on the Ethereum network that lets users create tokens collateralized by Tether's tokenized gold (XAUT). "Alloy by Tether is an open platform that allows to create collateralized synthetic digital assets and will soon be part of the new Tether digital assets tokenization platform, launching later this year, Paolo Ardoino, CEO of Tether," said in an X post.

Source

https://t.me/CryptoMarketTime

💰 Bitcoin dominance exceeds 56% as ETH/BTC ratio heads lower

As Bitcoin's dominance surges past 56%, the Ethereum to Bitcoin (ETH/BTC) ratio finds itself in an unfamiliar territory, trading at 0.052. This underperformance has persisted despite a brief spike following the approval of an ETF. Analyzing the cyclical movements of the ETH/BTC ratio since its low in June 2022 reveals some compelling patterns. Interestingly, in prior cycles, Ethereum consistently outperformed Bitcoin—often by over 200%.

Source

https://t.me/CryptoMarketTime

🪙 Bitwise discloses $2.5 million seed investment in latest amended filing for its spot Ethereum ETF

Bitwise updated its registration form for its spot Ethereum exchange-traded fund as the asset management firm, among others, waits for the go-ahead from the U.S. Securities and Exchange Commission to list and trade those products. Bitwise included some new details in its updated S-1 form for the Bitwise Ethereum ETF, including language about a $2.5 million seed investment.

Source

https://t.me/CryptoMarketTime

🟣 Kraken discloses it was exploited for nearly $3 million in bug that has now been fixed

Kraken disclosed nearly $3 million was taken from its wallets following a bug-related exploit that's since been fixed. The crypto exchange received a bug bounty program alert on June 9, according to Kraken’s Chief Security Officer Nick Percoco. The alert warned it to an “extremely critical” bug, allowing an attacker to artificially inflate their balance on its platform.

Source

https://t.me/CryptoMarketTime

💰 Bitcoin dominance surges past 50% again despite market volatility

Bitcoin’s market dominance, the market share of bitcoin’s market capitalization relative to the total market capitalization across crypto tokens, shot up to 52.92% over the weekend, climbing up from below 50% at the end of May. Bitcoin is the largest crypto asset by market cap, and its market dominance has not fluctuated much over the past year. It has stayed within the range of 44% and 53%, boosted since last summer as the excitement around spot ETF approvals lifted bitcoin relative to its peers.

Source

https://t.me/CryptoMarketTime

💰 Bitcoin’s realized market cap hits $600 billion

Bitcoin’s realized capitalization has shown a marked increase alongside the asset’s price in 2024. As depicted in the charts, realized cap reflects the aggregate value of all BTC at the price they were last moved, diverging from traditional market capitalization metrics. This metric reached approximately $600 billion in June 2024, coinciding with Bitcoin’s price stabilizing near $63,000.

Source

https://t.me/CryptoMarketTime

🟠 Nigerian government defends treatment of imprisoned Binance executive after visit from U.S. lawmakers

U.S. lawmakers in recent weeks have called attention to the Nigerian government's treatment of detained Binance executive Tigran Gambaryan, who's been held by the African country since February on charges of money laundering and tax evasion. The Nigerian government, through a statement posted to the X account of its Minister of Information and National Orientation, Mohammed Idris, has called the allegations of poor healthcare "false," asserting that Gambaryan "...has access to quality medical care whenever required" along with consular services from his home government of the United States.

Source

https://t.me/CryptoMarketTime

🧊 Litecoin (LTC) witnesses a spike in active addresses, Cardano whales are buying this new meme sensation

The crypto market is buzzing with action and new ideas, catching the eye of investors and fans everywhere. Lately, Litecoin (LTC) has blown up with a ton of network activity, showing that people are getting hyped about it again and there’s potential for some serious growth. Meanwhile, Cardano whales have started eyeing a new meme sensation, indicating a shift in investment strategies.

Source

https://t.me/CryptoMarketTime

💡💡💡: 🥇 Mt Gox to start Bitcoin repayments - Bloomberg

🤝 @Cryptocurrency_Inside ✅
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💰 Crypto Markets Shed $70 Billion Overnight as Bitcoin Fell to 6-Week Lows (Market Watch)

The relatively quiet weekend ended with BTC struggling to remain above $64,000, but Monday started with a massive price dump to a 6-week low of $62,000. Last week didn’t go well for the primary cryptocurrency as the ETF outflows skyrocketed. The underlying asset went from a weekly peak of over $67,000 to a multi-week low of $63,500 on Friday. Compared to the previous week, the losses were even more violent as BTC had tapped $70,000 on a few occasions back then.

Source

https://t.me/CryptoMarketTime