Binance Bans Foreign Stablecoins in South Africa
South African Reserve Bank and FSCA declare crypto assets and stablecoins are not legal tender, citing risks to National Payments System stability. #Update #Legal
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South African Reserve Bank and FSCA declare crypto assets and stablecoins are not legal tender, citing risks to National Payments System stability. #Update #Legal
Spot bitcoin ETFs saw $1.42 billion in outflows last week, highlighting concerns over “crypto tourists” selling amid AI stock distractions, says @IBKR’s Steve Sosnick. #Update #Crypto $BTC
The S&P 500 hit a record 7,599.96 on June 1, while Bitcoin lagged below $71,000 after $2.43 billion ETF outflows in May. #Update #Crypto $BTC
Ex-Miami Heat guard Terry Rozier faces new federal bribery charges over a $100K kickback scheme linked to sports betting, adding to existing wire fraud allegations. #Breaking #Legal @TerryRozier
U2 sought Apple shares in 2004; Steve Jobs rejected equity, reshaping the deal into a successful iPod U2 Edition campaign, highlighting product-led marketing’s power. #Update #Tech
Citi projects tokenized securities to grow from $17B to $5.5T by 2030, driven by Treasury bills, stocks, and stablecoins on Wall Street’s blockchain networks. #Update #Finance
Solana developer @cavemanloverboy proposes SIMD-547 to curb $SOL inflation, potentially increasing daily burns significantly. Criticism arises from @SOLStrategies CEO Michael Hubbard on impact to institutional use. #Update #Crypto $SOL
FIFA launches RTB tokens on Avalanche, boosting blockchain ticket transactions to 60,000; NY AG Letitia James probes FIFA’s ticket sales. #Update #Blockchain $AVAX
LAB token hits $16.23, sparking $19M in liquidations amid insider manipulation allegations and upcoming token unlock warnings by ZachXBT. #Update #Crypto
Oil prices remain elevated due to supply threats, impacting inflation and rate-cut prospects. Investors should prepare for sustained higher energy costs. #Update #Economy
@Binance will offer 7,000+ U.S. stocks and ETFs with $0 commissions for non-U.S. users, enabling fractional purchases using USDC, USDT, and BNB. #Update #Finance
Anchorage Digital launches Atlas CMS, separating custody, execution, and credit to reduce counterparty risk. Spotex partners for crypto trading via regulated infrastructure. #Update #Crypto
CME Group launched 24/7 crypto futures, clearing $50M in its debut weekend. @Robinhood and Ripple Prime support continuous bitcoin derivatives access. #Update #Crypto $BTC
Bitmine now holds 5.42M $ETH worth $10.85B, representing 4.49% of circulating supply, with a target of 5% ownership by 2026. #Update #Crypto $ETH