Stablecoins Boost Creators Earnings with Meta
@Meta is paying creators in USDC across Colombia and the Philippines, but off-ramp complexities remain, impacting usability for users needing to convert to local currencies. #Update #Crypto $USDC
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Banks Launch Digital Currency Network to Halt Deposit Drain
America’s largest banks, including @JPMorgan and @BankofAmerica, plan a tokenized deposit network by 2027 to compete with stablecoins like $USDC and $USDT, enhancing global payment efficiency. #Update #Crypto $USDC
Trading Firms Embrace Polymarket Betting Surge
@DRW is launching a prediction market desk, targeting platforms like Polymarket and Kalshi, as institutional trading firms view these markets as a legitimate asset class. #Update #Crypto $BTC
Bitcoin Lawsuit Moves Forward After 14 Years
A Bitcoin address, 1LwWtSs7tMCwcRczQd5kVMv3xpWw6w4Sxe, moved 15 BTC amid a $285 billion lawsuit over dormant wallets, marking a significant response from defendant Noah Doe. #Update #Legal $BTC
Bitcoin Needs Four Forces to Triumph
Michael Saylor argues Bitcoin needs four perspectives: Maximalists for conviction, Capitalists for adoption, Technologists for evolution, and Fundamentalists to protect core principles #Update #Crypto $BTC
Bitcoin Traders Sell to Fund SpaceX IPO
Retail investors are reportedly selling $BTC to invest in @SpaceX’s IPO, which is oversubscribed and offers shares at a $1.8 trillion valuation. Bitcoin fell 16%, trading around $61K. #Update #Crypto $BTC
Zcash Bug Discovery Sparks Monero Audit
Taylor Hornby, who identified a critical bug in $ZEC, plans to audit $XMR next for flaws in privacy protocols. The Zcash bug could have allowed unlimited counterfeit minting. #Update #Crypto $XMR
Bitcoin Surges Back Above $61000 After Liquidations
Bitcoin reclaimed $61,000 after dipping below $60,000 amid a broader market selloff, with $1.6 billion liquidated in positions across crypto. Ether down 21.6% weekly. #Update #Crypto $BTC
Crypto Bills Advance with Small Transaction Relief
U.S. House Ways and Means Committee circulates seven crypto tax bills before June 9 hearing, addressing small transaction tax relief and mining taxation issues. #Update #Crypto $BTC $ETH
Securitize Clears Path to NYSE Listing
@Securitize, backed by BlackRock, advances towards public trading after SEC approves merger with Cantor Equity Partners II; shareholder vote on June 29. #Update #Crypto $SECZ
Clarity Act Requires Ethics Deal Before Vote
Sen. Angela Alsobrooks will not support the Clarity Act unless ethics provisions are agreed upon, emphasizing consumer protection amid rising crypto adoption. #Update #Crypto $USDC
Bitcoin Plummets Below $62000 Amid Zcash Bug
Shielded Labs revealed a critical vulnerability in $ZEC’s Orchard privacy pool, risking unlimited counterfeit tokens; ZEC plummets 42% in 24 hours. #Crypto $ZEC (-8) ↘
Bitcoin Hits Peak Bearishness Near Lows
Bitcoin sentiment peaked bearish at recent lows and bullish near highs, with BTC trading at $62,400, down 20% from late-May. U.S. nonfarm payrolls data due soon could impact risk assets. #Update #Crypto $BTC
Bitcoin and Ether ETFs End Multi-Billion Outflow
U.S. spot bitcoin ETFs saw a $3.05M inflow, ending a 13-session outflow streak that totaled over $4.4B; meanwhile, ether ETFs gained $19.30M in net inflows. #Update #Crypto $BTC $ETH