Since June 6, SHIB has experienced the highest volume of whale transfers, with a net increase of 1.06 trillion tokens moving onto exchanges, according to Santiment. The token is likely to encounter heightened volatility in the coming days.

Tether participates in $80 million funding round for Italian AI robots targeting high-risk industries.

Tether invests in Italian AI robotics firm Generative Bionics amid $80 million funding round.

Canada Revenue Agency estimates that 40% of cryptocurrency platform users are either evading taxes or at substantial risk of non-compliance, according to a recent statement. x

Republican Senator Moreno has described the discussions surrounding the cryptocurrency bill as "rather disappointing." While progress has been made on legislation to regulate stablecoins, lawmakers are encountering obstacles in advancing a bill that establishes the overarching framework for the cryptocurrency market. #regulation

Bithumb announces a new airdrop event to mark the launch of the Allola (#ALLO) market in South Korea. For more details, visit feed.bithumb.com. ALLOUSDT trading pair at 0.1817.

Bithumb announces an airdrop event in celebration of the new ALLO Alola market trading in Korean Won. More details are available at feed.bithumb.com.

Fitch Ratings Warns Banks of Crypto Risks

Fitch Ratings, the global credit rating agency, noted that while integrating cryptocurrencies may improve banks' fee income, profitability, and operational efficiency, it also introduces significant risks including reputational damage, liquidity concerns, operational challenges, and compliance issues. cointelegraph

Yesterday, net outflows from spot Bitcoin ETFs totaled approximately $60.4 million, while spot Ethereum ETFs experienced net inflows of roughly $35.5 million.

Vitalik Buterin has expressed concerns over the Ethereum Foundation's historical gaps in peer-to-peer networking expertise. He noted that recent developments, including the PeerDAS project, demonstrate a significant improvement. The Foundation's team has successfully developed PeerDAS to enhance network efficiency and privacy, supported by a strategic roadmap.

Vitalik Buterin states he has previously expressed concerns to the Ethereum Foundation regarding the organization's limited expertise in peer-to-peer networking. He indicates that this situation has improved, citing PeerDAS as evidence of progress. According to Buterin, the Foundation's team has successfully ensured PeerDAS's operational effectiveness and developed a strategic plan aimed at enhancing network efficiency and privacy.

HashKey submits IPO application in Hong Kong to raise up to $215 million. theblock.com

Zcash developer ZEC Shielded Labs proposes establishing a dynamic fee market to address rising transaction costs and network congestion. coindesk

Whale Transactions:

1. 1011short increased their long position in ETH to 67,103.68 ETH, valued at approximately $209.8 million.
2. A new wallet received 900 BTC, worth approximately $81.59 million, from Galaxy Digital.

Paradigm co-founder suggests potential data aggregation error in Polymarket prediction market, possibly leading to double-counted trading volumes, which may affect third-party analytics and public datasets.

A trader transformed an investment of $716 into $244,000 within one week, yielding a return of approximately 34,000%. The trader initially purchased 16.3 million Franklin tokens for $716 and subsequently sold 4.8 million tokens for $20,500, leaving an estimated holding of 11.5 million Franklin tokens valued at around $224,000.

Notably, Smart Money began accumulating Franklin shortly after its launch, ranking among its top purchases for approximately one hour. Prior to notable price surges on December 3, 6, and 7, Franklin frequently appeared among the top Smart Money buys, which preceded price increases. Since its initial recognition, Franklin experienced a growth of over 42,300%.

A trader converted an initial investment of $716 into $244,000 within one week, representing a 34,000% return. The trader invested the $716 to acquire 16.3 million Franklin tokens and subsequently sold 4.8 million tokens for $20,500, remaining with approximately 11.5 million tokens valued at $224,000.

Data shows that institutional investors began purchasing Franklin tokens two hours after its launch. The token was among their top acquisitions briefly before falling out of the top spot. Notably, prior to notable price surges on December 3, 6, and 7, Franklin consistently appeared among leading Smart Money purchases, often preceding significant market gains. The token appreciated by over 42,300% following its initial recognition.

Circle secures license in Abu Dhabi to expand payment and settlement services across UAE. theblock.com

Andrey Grachev draws significant attention with his compelling performance.

NFT sales have declined to their lowest level this year, with market capitalization falling more than 66% from January's peak. cointelegraph

NFT sales reach lowest level this year, with market capitalization plunging over 66% from January peak. cointelegraph