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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4100 out of the 10,000 largest addresses that received a distribution from ZKsync have sold all their ZK tokens, according to data from Nansen.
👀 Another 29.2% have sold only part of their tokens, while slightly more than 30% of wallets are still holding their assets.
In total, the large airdrop participants have dumped 491 million ZK, which at the time is equivalent to ~$110.1 million. 🧐
However, Nansen's data covers only 1.4% of the 690,951 eligible wallets, so there is no precise information on how smaller recipients are behaving. 🤷
👀 Another 29.2% have sold only part of their tokens, while slightly more than 30% of wallets are still holding their assets.
In total, the large airdrop participants have dumped 491 million ZK, which at the time is equivalent to ~$110.1 million. 🧐
However, Nansen's data covers only 1.4% of the 690,951 eligible wallets, so there is no precise information on how smaller recipients are behaving. 🤷
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The controversy surrounding the unfair ZKSync airdrop is not subsiding. User X accused the development team of secretly appropriating 50 million ZK tokens.
👀 He shared the collected evidence on Github and Mirror and called on Binance and the venture company Andreessen Horowitz, a16z, to react. He believes that ZKSync has violated the principles of decentralization that they themselves preach. 🤷
👀 He shared the collected evidence on Github and Mirror and called on Binance and the venture company Andreessen Horowitz, a16z, to react. He believes that ZKSync has violated the principles of decentralization that they themselves preach. 🤷
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📈 The number of DEX users on Base has increased to a record high of 267,000. By this metric, Coinbase's L2 solution has surpassed BNB and is second only to Solana. 🙀
👀 By the way, regarding BNB. BNB Chain will undergo an update on June 20 to reduce transaction fees by 90% and improve performance. Therefore, the situation may change again, as low fees have always been a huge advantage. ⬇️💲💪
👀 By the way, regarding BNB. BNB Chain will undergo an update on June 20 to reduce transaction fees by 90% and improve performance. Therefore, the situation may change again, as low fees have always been a huge advantage. ⬇️💲💪
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ConsenSys, the developer of Ethereum, announced that the SEC has notified them of the termination of the investigation into Ethereum 2.0. The regulator will no longer claim that the sale of ETH constitutes a securities transaction. 🥳
📂 This decision followed a letter sent by ConsenSys on June 7, in which they requested the SEC to confirm that the May approvals of the ETH ETF, which were based on ETH being classified as a commodity, would lead to the closure of the investigation into Ethereum 2.0. 🔎
🥋 The developers also stated that the struggle is ongoing, as they are now seeking a declaration from the SEC that the offering of the MetaMask Swaps and Staking user interface software does not violate securities laws also.
📂 This decision followed a letter sent by ConsenSys on June 7, in which they requested the SEC to confirm that the May approvals of the ETH ETF, which were based on ETH being classified as a commodity, would lead to the closure of the investigation into Ethereum 2.0. 🔎
🥋 The developers also stated that the struggle is ongoing, as they are now seeking a declaration from the SEC that the offering of the MetaMask Swaps and Staking user interface software does not violate securities laws also.
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Tether to share the fate of FTX – Consumers' Research
🔎 Consumers' Research is running an advertising campaign accusing Tether of having ties with authorities in China and Russia, terrorist groups, drug cartels, and human traffickers, and calling it a Ponzi scheme. 🧐
The accusation of Tether's corruption even appeared on a billboard in Times Square in New York today! 🏙
🔎 Consumers' Research is running an advertising campaign accusing Tether of having ties with authorities in China and Russia, terrorist groups, drug cartels, and human traffickers, and calling it a Ponzi scheme. 🧐
The accusation of Tether's corruption even appeared on a billboard in Times Square in New York today! 🏙
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🐳 After ConsenSys reported that the SEC had closed the investigation into Ethereum 2.0, a whale bought an additional 5603 ETH ($19.6 million). Since May 30, this whale has withdrawn 16,604 $ETH ($59 million at an average price of $3600) from Binance. 🧐
💬 The SEC commented on S-1 forms for spot Ethereum ETFs – issuers are working to address the regulator's comments by Friday.
🐈⬛ Pantera Capital is interested in purchasing shares of the Bitwise spot Ethereum ETF for $100,000,000.
📝 Bitwise has filed an updated application for a spot Ethereum ETF.
Earlier, we reported, according to Bloomberg, that spot Ethereum ETFs could start trading as early as July 2. 🚀
💬 The SEC commented on S-1 forms for spot Ethereum ETFs – issuers are working to address the regulator's comments by Friday.
🐈⬛ Pantera Capital is interested in purchasing shares of the Bitwise spot Ethereum ETF for $100,000,000.
📝 Bitwise has filed an updated application for a spot Ethereum ETF.
Earlier, we reported, according to Bloomberg, that spot Ethereum ETFs could start trading as early as July 2. 🚀
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📉 The top 115 altcoins have declined by an average of 50% from their 2024 peak values due to low liquidity and token unlocks amounting to nearly $2 billion. (10x Research).
🤷 The average indicates that there are both significant losers and altcoins with lesser losses.
🤷 The average indicates that there are both significant losers and altcoins with lesser losses.
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