Terraform Labs has no intention of paying the SEC fine of $4,470,000,000 - Fortune
🌎 Terraform Labs is bankrupt, with little to no funds available for the payment.
👀Therefore, the US regulator might only receive a fraction of the fine or nothing at all. However, Gary Gensler can still boast about the SEC's press release on "recovering" billions of dollars from the violator. 😡
🌎 Terraform Labs is bankrupt, with little to no funds available for the payment.
👀Therefore, the US regulator might only receive a fraction of the fine or nothing at all. However, Gary Gensler can still boast about the SEC's press release on "recovering" billions of dollars from the violator. 😡
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Holograph Hacked, Token Drops 80%
🙀 The native token of the Holograph blockchain plummeted 80% after a malicious actor hacked the protocol operator's smart contract, issuing 1 billion HLG worth $14.4 million.
👀 On June 14, the network team confirmed the attack and announced that the bug had been fixed. They also reached out to centralized exchanges and law enforcement to freeze the stolen assets.
🔍 According to Etherscan, the hacker issued 1 billion HLG in nine transactions, starting on June 13 around 07:00 UTC.
⏳ Within 10 minutes, the token's price dropped from $0.014 to $0.002. It has since recovered to $0.006. At the current rate, 1 billion HLG is valued at approximately $6.8 million.
💵 The hacker began converting the newly created tokens into USDT four hours after the attack.
🙀 The native token of the Holograph blockchain plummeted 80% after a malicious actor hacked the protocol operator's smart contract, issuing 1 billion HLG worth $14.4 million.
👀 On June 14, the network team confirmed the attack and announced that the bug had been fixed. They also reached out to centralized exchanges and law enforcement to freeze the stolen assets.
🔍 According to Etherscan, the hacker issued 1 billion HLG in nine transactions, starting on June 13 around 07:00 UTC.
⏳ Within 10 minutes, the token's price dropped from $0.014 to $0.002. It has since recovered to $0.006. At the current rate, 1 billion HLG is valued at approximately $6.8 million.
💵 The hacker began converting the newly created tokens into USDT four hours after the attack.
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Trezor Introduces Its Latest Crypto Wallet Trezor Safe 5
It features a touch-sensitive anti-vandal screen, designer colors, vibration, support for over 1000 cryptocurrencies, and much more. 😎
It features a touch-sensitive anti-vandal screen, designer colors, vibration, support for over 1000 cryptocurrencies, and much more. 😎
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The second half of the bull market is ahead!
💰The inflow of capital from small whales and retail investors has started to grow, which is more important than the inflow from large whales. 🐳 This is a very important indicator, according to CryptoQuant. Everything is still ahead! 🚀
💰The inflow of capital from small whales and retail investors has started to grow, which is more important than the inflow from large whales. 🐳 This is a very important indicator, according to CryptoQuant. Everything is still ahead! 🚀
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$NOT surged by 20%! 🚀
📈 While everyone's attention is focused on TON and its new ATH, NOT is showing even more impressive growth results.
While $TON has risen only 6% in the last 24 hours, $NOT has demonstrated nearly 20% growth! Undoubtedly, these are two products from the same ecosystem, and it's impressive, especially when the overall market is red! 🏆
📈 While everyone's attention is focused on TON and its new ATH, NOT is showing even more impressive growth results.
While $TON has risen only 6% in the last 24 hours, $NOT has demonstrated nearly 20% growth! Undoubtedly, these are two products from the same ecosystem, and it's impressive, especially when the overall market is red! 🏆
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The ZkSync network has been launched on Uniswap protocols! - announcement
Amid this news, Uniswap's native token - $UNI, is one of the few cryptocurrencies showing a decent increase today in an otherwise "red" market. 🚀
Amid this news, Uniswap's native token - $UNI, is one of the few cryptocurrencies showing a decent increase today in an otherwise "red" market. 🚀
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Bloomberg expects final approval for a spot Ethereum ETF by July 2.
🔎 Bloomberg analyst Eric Balchunas anticipates that the S-1 forms for spot Ethereum ETFs will be approved by July 2. 🧐💪
Approval of the S-1 will allow ETF trading to commence. 🚀
🔎 Bloomberg analyst Eric Balchunas anticipates that the S-1 forms for spot Ethereum ETFs will be approved by July 2. 🧐💪
Approval of the S-1 will allow ETF trading to commence. 🚀
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Changpeng Zhao owns 64% of the total circulating supply of BNB, which is about 94 million BNB ($56 billion) - Forbes.
💰 The publication estimates CZ's net worth at $61 billion, placing him at 24th on the list of the world's richest people.
Forbes also states that Binance and CZ jointly own 71% of the 147 million BNB in circulation.
Hmm, with that kind of money, 4 months in prison should be quite comfortable. 😏
💰 The publication estimates CZ's net worth at $61 billion, placing him at 24th on the list of the world's richest people.
Forbes also states that Binance and CZ jointly own 71% of the 147 million BNB in circulation.
Hmm, with that kind of money, 4 months in prison should be quite comfortable. 😏
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🇯🇵 The Japanese cryptocurrency exchange DMM Bitcoin, previously affected by a hack, has raised $354 million to compensate clients. 💰
🇦🇺 The Australian Stock Exchange (ASX) has approved a spot Bitcoin ETF, which will start trading on June 20. The product's issuer is VanEck. 📊
☎️ Telecommunications company Deutsche Telekom announced that it will start Bitcoin mining. Previously, the company became a validator for Polygon and FetchAI.
🤝 Ripple may be nearing a deal with the SEC. The Securities and Exchange Commission is asking for a fine of $102.6 million. This is much more than Ripple wanted ($10 million), but much less than the initial penalty of $2 billion. 🧐
🇦🇺 The Australian Stock Exchange (ASX) has approved a spot Bitcoin ETF, which will start trading on June 20. The product's issuer is VanEck. 📊
☎️ Telecommunications company Deutsche Telekom announced that it will start Bitcoin mining. Previously, the company became a validator for Polygon and FetchAI.
🤝 Ripple may be nearing a deal with the SEC. The Securities and Exchange Commission is asking for a fine of $102.6 million. This is much more than Ripple wanted ($10 million), but much less than the initial penalty of $2 billion. 🧐
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🗣 Donald Trump continues to hype up cryptocurrency ahead of the elections — now the politician has stated that he will end Joe Biden's war on cryptocurrency and ensure a bright future for BTC in America. 🕊
👀 Previously, the Republican presidential candidate was interested in whether Bitcoin could help pay off the rapidly growing national debt, which currently stands at an astronomical $35 trillion.
The same question was raised by The Wall Street Journal in an article titled "Cryptocurrency Could Prevent a U.S. Debt Crisis." 💰🇺🇸
The main thesis — dollar-backed stablecoins are becoming an important net buyer of U.S. government debt.
👀 Previously, the Republican presidential candidate was interested in whether Bitcoin could help pay off the rapidly growing national debt, which currently stands at an astronomical $35 trillion.
The same question was raised by The Wall Street Journal in an article titled "Cryptocurrency Could Prevent a U.S. Debt Crisis." 💰🇺🇸
The main thesis — dollar-backed stablecoins are becoming an important net buyer of U.S. government debt.
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Investors withdrew $621 million from Bitcoin products following unmet Fed expectations
📉 From June 8 to 14, outflows from cryptocurrency investment products totaled $600 million, with Bitcoin-based products alone seeing $621 million withdrawn, according to CoinShares.
👀 These figures are the highest since March 2024, equating to one-third of the previous week's inflows.
Assets under management fell to $94.2 billion, and ETP trading volume decreased from $12.8 billion to $11 billion. Analysts attributed the sentiment shift to the Fed's key rate forecasts.🧐
🤷 Clients withdrew $621 million from Bitcoin-related instruments, while in the previous period, they added $1.97 billion. Investors added $1.5 million to short digital gold positions (previously withdrew $5.3 million).
📊 Ethereum, LIDO, and XRP saw inflows of $2 million and $1 million respectively. Ethereum-based funds continued their positive trend for the fourth consecutive week, with inflows slowing from March's $68.9 million to $13.1 million.
📉 From June 8 to 14, outflows from cryptocurrency investment products totaled $600 million, with Bitcoin-based products alone seeing $621 million withdrawn, according to CoinShares.
👀 These figures are the highest since March 2024, equating to one-third of the previous week's inflows.
Assets under management fell to $94.2 billion, and ETP trading volume decreased from $12.8 billion to $11 billion. Analysts attributed the sentiment shift to the Fed's key rate forecasts.🧐
🤷 Clients withdrew $621 million from Bitcoin-related instruments, while in the previous period, they added $1.97 billion. Investors added $1.5 million to short digital gold positions (previously withdrew $5.3 million).
📊 Ethereum, LIDO, and XRP saw inflows of $2 million and $1 million respectively. Ethereum-based funds continued their positive trend for the fourth consecutive week, with inflows slowing from March's $68.9 million to $13.1 million.
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Tether, the issuer of USDT, has launched aUSDT, a new token backed by Tether Gold (XAUT)
💲 aUSDT combines the stability of a dollar-pegged token with the security of gold, stored in Swiss vaults.
🔨 Users can mint aUSDT using XAUT as collateral.
"Alloy" series tokens are designed to maintain a stable value by tracking benchmark assets and using stabilization strategies like over-collateralization and secondary market liquidity pools.
📝 The Alloy smart contracts on Ethereum ensure transparency by tracking all collateral and issued tokens with price oracles.
👀 Tether states this innovative token benefits users who want to engage in digital transactions with a familiar currency without selling their XAUT. 🚫💰
💲 aUSDT combines the stability of a dollar-pegged token with the security of gold, stored in Swiss vaults.
🔨 Users can mint aUSDT using XAUT as collateral.
"Alloy" series tokens are designed to maintain a stable value by tracking benchmark assets and using stabilization strategies like over-collateralization and secondary market liquidity pools.
📝 The Alloy smart contracts on Ethereum ensure transparency by tracking all collateral and issued tokens with price oracles.
👀 Tether states this innovative token benefits users who want to engage in digital transactions with a familiar currency without selling their XAUT. 🚫💰
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On June 16, the Ethereum ecosystem set a new record for transactions per second (TPS).
🚀 The total TPS of Ethereum-based projects soared to a record 245.87, equivalent to approximately 21.2 million transactions per day.
👀 Xai's Layer 3 solution on the Arbitrum network accounted for about 41% of this total.
Until June 10, the protocol's TPS rarely exceeded one transaction per second, but then sharply rose to 101.72.
On June 16, Base and Arbitrum also made it to the top three leaders with TPS figures of 33 and 21, respectively. 🧐
Despite the high activity, Xai's TVL (total value locked) remains relatively low at $1.33 million, placing the network 45th in the overall rankings. 🤷
For comparison, the leading network on Arbitrum has a TVL of $17.91 billion, and Base, in second place, has $7.59 billion.
🚀 The total TPS of Ethereum-based projects soared to a record 245.87, equivalent to approximately 21.2 million transactions per day.
👀 Xai's Layer 3 solution on the Arbitrum network accounted for about 41% of this total.
Until June 10, the protocol's TPS rarely exceeded one transaction per second, but then sharply rose to 101.72.
On June 16, Base and Arbitrum also made it to the top three leaders with TPS figures of 33 and 21, respectively. 🧐
Despite the high activity, Xai's TVL (total value locked) remains relatively low at $1.33 million, placing the network 45th in the overall rankings. 🤷
For comparison, the leading network on Arbitrum has a TVL of $17.91 billion, and Base, in second place, has $7.59 billion.
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📈 CEO of Binance, Richard Teng, is confident that Bitcoin will exceed $80,000 by the end of this year (source). He believes that the improvement in macroeconomic conditions in 2025 will be a strong driver for further growth in the crypto market.
🚀 At the same time, analysts at Bernstein have raised their year-end 2025 BTC target to $200,000 (source).
🇨🇳 Meanwhile, the Chinese, as always, have long-term plans. Chinese telecommunications giant Coolpad is investing $41,500,000 in mining and crypto companies (source).
🇺🇸 The Chinese need to catch up with the Americans. The total market capitalization of US-listed Bitcoin miners has increased (source) to $22.8 billion — 7 companies have surpassed the $1 billion threshold.
🇪🇺 Old Europe now strictly regulates stablecoins. Due to the implementation of new MiCA crypto regulation rules starting July 1, crypto exchange Uphold will cease support for the stablecoins $USDT, $DAI, $FRAX, $GUSD, $USDP, and $TUSD in Europe (source).
🚀 At the same time, analysts at Bernstein have raised their year-end 2025 BTC target to $200,000 (source).
🇨🇳 Meanwhile, the Chinese, as always, have long-term plans. Chinese telecommunications giant Coolpad is investing $41,500,000 in mining and crypto companies (source).
🇺🇸 The Chinese need to catch up with the Americans. The total market capitalization of US-listed Bitcoin miners has increased (source) to $22.8 billion — 7 companies have surpassed the $1 billion threshold.
🇪🇺 Old Europe now strictly regulates stablecoins. Due to the implementation of new MiCA crypto regulation rules starting July 1, crypto exchange Uphold will cease support for the stablecoins $USDT, $DAI, $FRAX, $GUSD, $USDP, and $TUSD in Europe (source).
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💧 The ongoing drop from zkSync is one of the largest airdrops in history, with tokens worth $907 million allocated.
As of now, 66.9% of the distribution has taken place, with 430,706 participants claiming 2.46 billion ZK tokens ($607.6 million). (Arkham)
👀 It seems like the team didn't bother to properly verify wallets, as the tokens appear to have been distributed completely randomly, or perhaps to people connected to the team, since many were rejected while others received a fortune.
🏹 For example, this airdrop hunter received 3,010,000 ZK ($753,000) across 85 wallets! He then transferred 2,710,000 ZK to Binance and sold 300,000 ZK on SyncSwap. 💰
As of now, 66.9% of the distribution has taken place, with 430,706 participants claiming 2.46 billion ZK tokens ($607.6 million). (Arkham)
👀 It seems like the team didn't bother to properly verify wallets, as the tokens appear to have been distributed completely randomly, or perhaps to people connected to the team, since many were rejected while others received a fortune.
🏹 For example, this airdrop hunter received 3,010,000 ZK ($753,000) across 85 wallets! He then transferred 2,710,000 ZK to Binance and sold 300,000 ZK on SyncSwap. 💰
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🐳 When the price of Bitcoin drops, whales step in!
Accumulation addresses (Bitcoin addresses with a low spending history) have added 12,700 BTC worth about $840 million in the last 24 hours.
Accumulation addresses (Bitcoin addresses with a low spending history) have added 12,700 BTC worth about $840 million in the last 24 hours.
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🤷 Elon Musk does not plan to integrate cryptocurrency payment functionality into Twitter (X) this year and aims to transform X into a full-fledged payment application (similar to Venmo, Cash App, or Zelle) - Bloomberg.
🚀 Coinbase has launched its own premarket. The first project on Coinbase's premarket is EIGEN.
🇰🇷 The South Korean regulator has mandated a review of 600 altcoins listed on licensed trading platforms in the country. This has caused panic in local markets, with users fearing potential delistings and initiating sell-offs.
🚀 Coinbase has launched its own premarket. The first project on Coinbase's premarket is EIGEN.
🇰🇷 The South Korean regulator has mandated a review of 600 altcoins listed on licensed trading platforms in the country. This has caused panic in local markets, with users fearing potential delistings and initiating sell-offs.
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