RECENTLY: According to Bloomberg, Wyoming launched WYST, a multi chain stablecoin set to go live in July, backed by cash and U.S. Treasury securities.
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Good morning!
Today the market is in the red, most of the alts are red. BTC is now trading around $86.170. ETH is about $1930.
⭕ Fear/Greed Index: 44 - fear
📉 A selection of morning news:
• The new chairman of the SEC promised to give priority to a clear cryptographic structure.
• HyperLiquid strengthens security measures after the JELLY crisis.
• 70% of South Korean crypto investors made a profit in 2024 thanks to BTC, XRP and ETH.
• SEC withdrews claims against Kraken, Consensys and Cumberland.
• Global Distribution Fund BlackRock increased investment in BTC by 1810% in 12 months.
Today the market is in the red, most of the alts are red. BTC is now trading around $86.170. ETH is about $1930.
• The new chairman of the SEC promised to give priority to a clear cryptographic structure.
• HyperLiquid strengthens security measures after the JELLY crisis.
• 70% of South Korean crypto investors made a profit in 2024 thanks to BTC, XRP and ETH.
• SEC withdrews claims against Kraken, Consensys and Cumberland.
• Global Distribution Fund BlackRock increased investment in BTC by 1810% in 12 months.
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JUST IN: NASDAQ has applied to the U.S. SEC to list Grayscale’s Avalanche (AVAX) ETF, which, if approved, would use Coinbase Custody as its custodian.
OPINION: Ark Invest’s Cathie Wood predicts Bitcoin will reach $1.5 million by 2030.
JUST IN: Hong Kong is now the world’s second-largest market for share sales in 2024, surpassing India with over $16 billion raised in Q1 through IPOs, block sales, and share placements, per Bloomberg.
ANALYSIS: DOGE price is gaining momentum after a trendline breakout, with traders eyeing $0.89, though liquidation risks remain below $0.175.
JUST IN: Tether has withdrawn 8,888 BTC from Bitfinex's hot wallet, increasing its total Bitcoin holdings to 92,647 BTC, now valued at over $7.68 billion.
OPINION: Bloomberg’s Mike McGlone warns that Ethereum could drop to $1,000 if the S&P 500 continues declining and Bitcoin fails to recover, citing its strong correlation with risk assets🪙
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JUST IN: Japanese investment firm Metaplanet has bought an additional $13.3 million worth of BTC just one day after it made its largest bitcoin purchase to date.
JUST IN: FDUSD briefly depegged by 10% after Justin Sun claimed its issuer, First Digital Trust, was insolvent, leading to $200 million in outflows before stabilizing at $0.98.
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