crypto
* The FSB will focus on risks of stablecoins in emerging economies. * Challenges from increased stablecoin adoption in the crypto sector will be considered. * FSB discussed challenges in monetary policy and capital flow management in EMDEs. * Global stablecoin arrangements in EMDEs pose higher adoption and risks. * Stablecoin regulation remains unresolved between
adoption
* Corporate adoption of cryptocurrency is still in its early stages. * Spot Bitcoin ETFs have brought legitimacy to the industry. * Corporate adoption lags behind traditional finance inflows. * Mainstream trust in crypto is low, hindering adoption. * Corporations are crucial for building trust in the market. * Grayscale's Bitcoin Trust ETF has
blockchains
* FalconX now supports collateralizing trades with tokenized T-Bill as demand for U.S. government securities rises. * First trade using USDT as collateral executed on June 11. * USTB is a digital token representing U.S. government-issued short-term debt securities. * Acceptance of USTB as collateral due to T-bills offering yields above 5%
bitcoin
* Bitcoin and ether fell by around 1% over 24 hours. * Bitcoin dropped to just below $66,000, near the low end of its trading range. * U.S.-listed bitcoin miners reached a record market cap of $22.8 billion. * The Financial Stability Board will further examine challenges posed by stablecoins.
bitcoin
* Samourai Wallet provided open-source code and transparent services. * Despite compliance with laws, founders were indicted and assets seized. * FinCEN guidelines show Samourai Wallet is not a money transmitter. * Charges against Samourai Wallet founders are conspiracy charges. * US government's strategic campaign against privacy impacts Bitcoin users. * Support Samourai Wallet
crypto
* David Hirsch, head of SEC's Crypto Asset Unit, leaves after nearly 9 years. * Hirsch led significant investigations and regulatory actions in the crypto space. * No details on Hirsch's next role, but he denies joining pump.fun. * SEC faces political scrutiny over crypto regulation amid U.S.
bitcoin
* $600 million outflows from digital asset ETPs and funds last week. * Bitcoin investment vehicles saw $621 million in outflows. * Altcoins like Ether and XRP saw inflows despite overall outflows. * Total digital assets under management declined from $100 billion to $94 billion. * Experts believe institutional adoption of digital assets is still
coinbase
* Coinbase International launches pre-launch markets for crypto projects.Allows trading of perpetual futures contracts on tokens before launch. * Available to institutional investors and retail traders via Coinbase platforms.Assets capped at 50% initial margin and $50,000 notional position limit. * Pre-launch markets use a different index price mechanism than standard
bankman-fried
* Competing claims over assets in case against former FTX CEO Sam Bankman-Fried. * FTX debtors argue for superior right to assets to benefit victims. * Debtors petition for return of specific property to benefit all creditors. * Group of claimants want forfeited assets to go to FTX users. * Judge has not made decision
ethereum
* Ethereum's Dencun upgrade cut L2 transaction costs; Pectra upgrade set for Q4 2024/Q1 2025. * Pectra combines Prague and Electra upgrades for flexibility and optimization. * Pectra includes 9 Standard EIPs and 11 constituent EIPs for network enhancements. * Notable additions in Pectra include BLS curve operations, block hash storage,
airdrops
* ZKsync's ZK airdrop claims live, token trading at $0.22 * Market cap at $835M, FDV $4.7B * ZK trading volume ~$855M, available on Binance, Bybit, Gate.io, KuCoin * Positive Twitter sentiment, potential undervaluation compared to Starknet * Binance ZK listing, withdrawals start June 18, 2024 * Concerns over ZK token
bitcoin
* Bitcoin, Ethereum, and Dogecoin prices stable despite $290 million in liquidations triggered by price spikes. * Ethereum led liquidations with $58.9 million, followed by Dogecoin with $44 million in long positions liquidated. * Fed's hawkish stance led to $600 million outflows in crypto ETPs, worst since March. * Bitcoin down