The South Korean financial research institution has stated in its latest report that the introduction of cash-settled exchange-traded funds (ETFs) is likely to bring more problems than benefits to the country's economy.

"Allowing [such] products could lead to side effects such as increased inefficiency in resource allocation, greater exposure to crypto-related risks in the financial market, and a weakening of financial stability," reported the Korean Institute of Finance in a document released on Sunday.
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The German government seems to have sent an additional 400 BTC ($24.34 million) to Coinbase and Kraken today.

This is in addition to the $130 million in #BTC sent to exchanges on June 19 and the $65 million in BTC sent on June 20, though they received $20.1 million back from Kraken and $5.5 million from wallets associated with Robinhood, Bitstamp, and Coinbase.

The German government now holds 46,359 BTC, worth about $2.8 billion at current prices.
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The American bitcoin spot exchange-traded funds recorded a total net daily outflow of $174.45 million on Monday, marking their seventh consecutive day of negative flows.
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🚨 WikiLeaks founder and Bitcoin pioneer, Julian Assange, reaches a deal with the United States for his release after spending five years in a British prison, following an agreement with the U.S. Department of Justice.
He is expected to return to Australia. 🚀
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The U.S. economy grew by 1.4% at an annualized pace in the first quarter of 2024, slightly higher than the 1.3% in the second estimate, but still continues to show the slowest growth since the contractions in the first half of 2022.
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🚨 Inflation rate in personal consumption expenditures for the month of May, the Federal Reserve's preferred inflation gauge, dropped to 2.6%, in line with expectations of 2.6%.

_Core inflation in personal consumption expenditures also decreased to 2.6%, in line with expectations of 2.6%.

_Both headline inflation and core personal consumption expenditures inflation dropped last month.
_Another welcome sign for the Federal Reserve. "‼️
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🚨 Sony ventures into the cryptocurrency market by acquiring a Japanese exchange! "‼️"

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🚨Binance platform announced the completion of the conversion process of AGIX and Ocean currencies to FET today. In the next phase, the name of the FET currency will be changed to ASI."‼️
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