crypto
* Over $3 billion worth of Ether removed from exchanges post approval of Ether ETFs. * 797,000 Ether withdrawn from exchanges between May 23 and June 2. * Lower exchange reserves indicate potential upcoming supply squeeze. * Percentage of circulating Ether on exchanges at lowest level in years (10.6%). * Ether ETFs expected
blockchain
* Linea halted block production after hack, emphasizing need for decentralization. * Hacker exploited Linea-based Velocore, withdrawing over $2.6 million in Ether. * Linea paused sequencer to prevent further fund bridging, highlighting centralization risks. * Gluchowski urges Layer 2 networks to prioritize decentralization to avoid future incidents. * Linea plans to decentralize network,
bitcoin
* Tether invests $500 million in Bitcoin mining, potentially becoming a major player. * Partnerships with Bitmain, Blockstream, and various global mining companies solidify Tether's influence. * Tether's reported profit surpasses Fannie Mae's, making it highly profitable per employee. * Company's non-standard financial reporting raises
arrests
- Europol led Operation Endgame, arresting 4 and taking down 100+ servers linked to hackers and malware. - Botnets IcedID, SystemBC, Pikabot, Smokeloader, Bumblebee, and Trickbot were shut down by Europol. - Hackers sold network access to other hackers after hacking "well-known companies." - Ted Cruz purchased 3 Bitcoin miners in
bitcoin
* Bitcoin transactions hit $25 billion on May 28, highest in a year. * 367,000 BTC moved on May 28, largest since June 13, 2022. * Bitcoin price at $69,374.17 on May 28, total transaction value $25.5 billion. * 596,790 transactions on May 28, normal compared to surrounding days.
bitcoin
- MicroStrategy and Michael Saylor settle $40 million tax fraud case with D.C. attorney general. - Saylor accused of evading over $25 million in D.C. income taxes by falsely claiming residency. - MicroStrategy's role in helping Saylor evade taxes highlighted in the lawsuit. - Saylor disputes allegations, settles to avoid
cryptocurrency
* Investigation suggests Cryptoqueen Dr. Ruja Ignatova may have been murdered by Bulgarian drug kingpin. * Ignatova founded OneCoin, a fraudulent cryptocurrency, and disappeared in 2017. * Documents indicate Ignatova's murder in 2018 by drug kingpin Taki. * Taki allegedly used OneCoin network to launder money and had ties to Ignatova. * Former
bitcoin
* ECB expected to cut interest rates by 0.25% to 4.25% on June 6. * Rate cut could boost investor appetite for risk assets like Bitcoin. * May's CPI in Europe expected at 2.6%, below 3% mark for 8th month. * Bitcoin price rose 17.4% in 30 days
bitcoin
* Implied volatility for bitcoin and ether options suggests calm market expectations. * Deribit Volatility Index shows significant drop in bitcoin implied volatility since mid-May. * QCP Capital analysts note sluggish market post-spot ether ETF approval. * Traders buying puts to hedge against potential downside in ether price. * Ether put-call ratio
blockchain
* Franklin Templeton head sees SEC engagement as necessary for trust and collaboration. * SEC's behavior is changing, with Franklin Templeton noting a positive shift in tone. * Franklin Templeton launched a tokenized money fund after a five-year journey with the SEC. * Bayston compares tokenized money funds to stablecoins, bullish
blackrock
* BlackRock and Grayscale update filings for spot Ethereum ETFs, moving closer to launch. * SEC approval sparks positive market sentiment, with potential ETF launch by end of June. * Riot Platforms makes hostile bid for Bitfarms, potential stand-off brewing. - Congress advances FIT21 Act and CBDC Anti-Surveillance State Act, facing Senate
bitdeer
* Tether invests up to $150M in Bitdeer for data center expansion and ASIC development. * $100M raised in private placement, with potential for additional $50M from warrant. * aims to enhance mining efficiency and sustainability with new capital. * Tether's investment reflects confidence in Bitdeer's vision and operations. * Bitdeer&