OKX Rebrands and Expands in the Netherlands

📅 June 3: OKX to support over 150 cryptocurrencies and 60 crypto-euro trading pairs.

🔄 April 10: Rebranded from Okcoin Europe Ltd. to OKX.

🇳🇱 Netherlands Launch:

⏺Partnership with iDEAL: Easy deposits and withdrawals.
⏺SEPA Integration: Free euro deposits and withdrawals.
⏺OKX Wallet: New self-custodial web3 wallet for Dutch users.
⏺Regulatory Status: Registered with De Nederlandsche Bank (DNB) and licensed in Malta.

🇭🇰 May 24: Withdrew VASP license application in Hong Kong, halted operations on May 31.

🚀 Exciting developments as OKX expands in the crypto space!

#OKX #Crypto #CryptoNews

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👀💬Linea pledges decentralization after halting block production to stop hacker

⚠️The pause in block production, spanning a critical hour between block 5,081,800 and 5,081,801, allowed Linea to assess the situation. During the period, efforts were made to engage with the Velocore team and coordinate responses to the vulnerability, the thread reads.

💸The move, however, raised concerns among members of the crypto community, raising their eye brows due to the move that blocked the whole network with over $1.2 billion in value, according to data from L2Beat.

👑In parallel, both Linea and Velocore teams have initiated measures to address the exploit, including on-chain negotiations and coordination with centralized exchanges to freeze exploited funds. The Velocore team has released a post-mortem on the exploit, outlining affected pools and ongoing efforts to compensate affected users.

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🤑 The TON network has seen a significant increase in transactions over $100,000 in the last 24 hours.

According to IntoTheBlock, their number increased by 273.5%.

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That one pizza lover)) 🐶🍕

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🔶Former Binance CEO CZ Reports to Federal Prison

🗣Former Binance CEO Changpeng Zhao has begun his four-month prison sentence at Lompoc II, a low-security federal prison in California, according to Bloomberg.

🟡Lompoc II Overview:

👮‍♂️Work Details: Inmates often work on farms producing beef, field crops, and milk. Jobs include dairy farming, horse riding, corn picking, and planting.
Past Reputation: Once known as a "country club" prison with T-shirts instead of khaki uniforms and unarmed guards, Lompoc was converted to a higher security facility in the 90s.

Zhao was sentenced to four months in prison in April for money laundering violations after stepping down as Binance's CEO last year.
Meanwhile, former FTX CEO Sam Bankman-Fried was recently moved to a medium-security federal correctional institution in Mendota, California, to serve his 25-year sentence.

#Binance #ChangpengZhao #FederalPrison

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🟠Wisconsin Pension Plan Likely to Invest Much More in Bitcoin ETF, Marquette Professor Says

Wisconsin's pension plan's recent addition of two spot bitcoin exchange-traded funds (ETFs) is likely just the beginning of its investments in crypto, according to David Krause, a finance professor at Marquette University.

📈In the first quarter, the State of Wisconsin Investment Board (SWIB) purchased shares in BlackRock’s iShares Bitcoin Trust and Grayscale’s Bitcoin Trust, valued at $164 million as of March 31. This move surprised the industry, as large institutions, especially pensions, typically avoid young ETFs like the spot bitcoin ETFs. Krause noted SWIB's history of innovative investments during an interview with PBS Wisconsin.

Wisconsin’s investment board has always been innovative

Krause said. He explained that, as a fully funded pension fund, SWIB can afford to invest long-term without the liquidity concerns faced by less-funded pensions like Illinois's, which is only 50% funded.

They’re testing public reaction and using this as a trial run

Krause said, suggesting the investment wouldn't significantly impact the portfolio until reaching 1% or 2%.

Nearly 500 institutional investors revealed spot bitcoin ETF allocations in the first quarter. The largest owner was hedge fund Millennium Management, with $2 billion in holdings, approximately 3% of its total assets under management.

#WisconsinPension #BitcoinETF #CryptoInvestment

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‼️Bitcoin's Bright Future: Viable Currency and Inflation Hedge

🟠Bitcoin is on track to become a stable, long-term asset, potentially serving as a hedge against inflation similar to gold. Its fixed supply offers an attractive alternative amid inflationary pressures on traditional fiat systems.

😮Deflationary Nature and Store of Value
Bitcoin will shift from a semi-inflationary to a purely deflationary currency, enhancing its appeal as a store of value. Unlike traditional currencies, which lose value through inflation, bitcoin’s fixed supply makes it attractive to those looking to preserve or grow their wealth.

💸Sustainability and Efficiency
Miners will optimize energy consumption, seek regions with lower electricity costs, and use renewable energy sources. Advances in mining hardware, like ASICs, will enhance efficiency by maximizing processing power and minimizing energy consumption.

Bitcoin’s potential to become a stable asset and inflation hedge is bolstered by its fixed supply, efficient mining practices, and technological advancements. As it evolves, bitcoin could play a significant role in the global financial ecosystem, offering both a store of value and a viable transaction medium.

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🚀 Crypto Fund Inflows Hit $2B in May

‼️Key Highlights:

💵 Weekly Inflows: The final week of May saw $185 million in inflows.
📅 Year-to-Date: Total capital inflows for the year now exceed $15 billion.

💥Geographical Insights:
🇺🇸 United States: Dominated the inflows with $130 million in the last week of May, despite $260 million in outflows from incumbent issuers.

Asset-Specific Performance:
🟠 Bitcoin (BTC): Led the inflows with $148 million for the week. Short Bitcoin funds experienced $3.5 million in outflows, totaling $12.5 million for the month, indicating bullish sentiment.
⚪️ Ether (ETH): Recorded $33.5 million in weekly inflows and $21.6 million month-to-date. This turnaround in sentiment follows the approval of Ether ETFs in the U.S., reversing previous outflows of $200 million.
🧬Solana (SOL): Positive inflows continued with $5.8 million for the week and $24.8 million for the month.

🕯Multi-Asset Funds:

📉 Underperformed with $2.7 million in weekly outflows and $12.2 million in monthly outflows.
Impact of Ether ETF Approval:

May's inflows highlight a growing interest and confidence in digital assets, particularly Bitcoin and Ether, amid new regulatory approvals and market dynamics.

#Investments #CoinShares

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🆕 Flashift Launches AI-Powered Non-Custodial Crypto Swap Platform

🔍 Key Features:

⏺AI-Powered Aggregation: Flashift scours partner exchanges to find and present the best rates.
⏺No Hold: Exchanges that won't freeze assets under AML investigations.
⏺Best in KYC: Exchanges with high user satisfaction based on reviews.
⏺Best Rate: Exchanges offering the most favorable exchange rates.
⏺Recommended: AI-identified top choice exchanges based on comprehensive data analysis.

🔒 Benefits:

⏺Reduced Risk: Minimizes the chance of asset retention.
⏺Peace of Mind: Ensures fund accessibility.
⏺Informed Choices: Empowers users to select the best platforms for their needs.

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This is the best trading indicator 📈

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🔺 Biden Vetoes Repeal of SEC's Crypto Guidelines

President Joe Biden vetoed Congress resolution to overrule the SEC's crypto accounting guidelines, which require custodial institutions to record crypto holdings as liabilities. Despite bipartisan support in both the House and Senate to repeal the guidelines, Biden argued that it could undermine the SEC's authority over accounting practices.

💡 Israel Accelerates Digital Shekel Development

Israel is fast-tracking the development of its central bank digital currency, the digital shekel. The Bank of Israel plans to collaborate with various service providers to create an advanced digital payments ecosystem around the digital shekel. Project Rosalind, a joint initiative with the Bank of England and the BIS, aims to develop prototypes for a CBDC payment system.

🟡 Paraguay Cracks Down on Illegal Crypto Mining

Paraguay seized 2,738 crypto mining units in Salto del Guairá after detecting unauthorized power connections. The government used artificial intelligence and power distribution analysis to identify the illegal operations, worth an estimated $146,000 monthly. The crackdown follows a bill to ban crypto mining pending comprehensive legislation.

🔑Hong Kong Enforces Licensing for Crypto Exchanges

All unlicensed crypto exchanges in Hong Kong must cease operations immediately, following a regulatory ultimatum. Exchanges were given until Feb. 29 to apply for a license, with over 22 applying initially. However, some, like Gate.HK, withdrew their applications, citing the need for significant platform changes to comply with regulations.

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🚀 Top Gaining Memecoins in the Last 7 Days!

🦊 Ameterasu Omikami ($OMIKAMI)
Gain: 618%
Market Cap: $20,159,087

🦢 Kizuna ($KIZUNA)
Gain: 161% 📈
Market Cap: $20,085,201

✖️Ponke ($PONKE)
Gain: 131%
Market Cap: $205,257,449

🐹 Sad Hamster ($HAMMY)
Gain: 116%
Market Cap: $55,322,960

🤵 Doland Tremp ($TREMP)
Gain: 107%
Market Cap: $124,353,267

🐧 Peng ($PENG)
Gain: 93%
Market Cap: $31,752,216

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🌟 VC Roundup: OKX Ventures Eyes ESG & AI Innovations! 🌟

🔍 Key Focus Areas:

🌿Sustainability: Investing in tokenized green assets, on-chain carbon offsetting, and ESG data and intelligence.

🔒Zero-Knowledge Technology: Co-led a $12M investment in Cysic for hardware acceleration.

🤖AI on Blockchain: Targeting AI-driven decision-making and predictive analytics. Investments include MyShell (decentralized AI layer) and Flock.io (AI models platform).

📈Recent Investments:

🌦️WeatherXM: Raised $7.7M for decentralized weather network to support hyper-local forecasts and Web3-native apps.

🧩Switchboard: Secured $7.5M for customizable oracle networks, supporting DeFi and on-chain gaming.

🌐GaiaNet: Got $10M to build a decentralized AI agent network, enhancing AI infrastructure.

🔗API3: Closed $4M round for decentralized oracle solutions, increasing Total Secured Value significantly.

✏️SCRYPT: Received $5M to expand trading, custody, and staking services, doubling its client base and trading volume.

#Crypto #VC #Blockchain

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Good morning!

Today, the market is in the black, most altos are green.
🟠BTC is currently trading around $69,165.
⚪️ETH is around $3,775.

⭕ Fear/Greed index: 73 - greed

📈 A selection of morning news:

⏺China is considering the possibility of reintroducing cryptocurrencies.

⏺The first spot Bitcoin ETF will be launched in Australia.

⏺Telegram accelerates its entry into the world of cryptocurrencies.

⏺Trump continues to support the crypt in order to gain the support of voters.

⏺Coinshares reports the 4th consecutive week of inflows to digital asset funds.

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🦘 Something about Australia

Bitcoin ETF shares start trading in Australia today 💰

The news is so serious that BTC reacted by rising 0.17%.

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🐋 Whales are buying in

➡️Bitcoin ETFs saw $105 million in inflows yesterday, marking the 15th consecutive day of inflows.

🇹🇭 Following Australia, ETFs have also taken in Thailand.

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🤫Blum - don't miss the fucking hype

‼️Blum is a project that literally broke into the crypto space with its foot. It is a hybrid exchange built directly into Telegram (access via a mini-application).

🔸Ex-top managers of Binance, namely Vladimir Smerkis, Vladimir Maslyakov and Gleb Kostarev, are working on the project.

Blum has already managed to enlist the support of Binance, the project got into the Most Valuable Builder (MVB) accelerator, and after a while they will receive mentoring from Binance and help from BNB Chain.

Key details of the platform:
🔴 Hybrid model (off chain orderbook / onchain settlement);
🔴 Custodial and non-custodial trading (i.e. it can be used directly, for example, MetaMask for trading);
🔴Access to all tokens on the market;
🔴Gamification (farm and earning points/tokens).

💠How do I participate in Blum?

🔹Go to: Blum
🔹Click Create account
🔹Enter the Nickname and click Continue
🔹Click Start farming

🔺And then just press the stamp button once every 8 hours.