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Tempers flare as @MicroStrategy’s latest bitcoin purchase sparks debate over shareholder dilution; BTC Yield fell from 13.0% to 12.8% after acquiring 1,550 BTC amid rising USD reserves. #Update #Crypto $BTC
@WorldSeriesofPoker partners with @Solana to enable Solana-based payments for tournament buy-ins, starting in Las Vegas, expanding to payouts in stablecoins by December. #Update #Crypto $SOL
U.S. inflation data for May showed a 4.2% year-over-year rise, aligning with expectations; Bitcoin $BTC trades near $61K amid market uncertainty. #Update #Crypto $BTC
@Botanix is shutting down its Bitcoin layer-2 network, citing poor market conditions and low user interest, with a total value locked of only $119,500 despite raising $14.4 million. #Update #Crypto $BTC
Bitcoin ($BTC) hovers near $61,000 ahead of today’s U.S. consumer price index data, with a potential rise in inflation possibly pushing it below $60K. #Update #Crypto $BTC
$ZEC and $HYPE drop over 10% as Bitcoin retraces to under $61,500, trading below its 200-week SMA, signaling bearish sentiment. Liquidations surge 38% amid rising short positions. #Update #Crypto $BTC
Japan’s three largest banks, @MitsubishiUFJ, @SMBCGroup, and @MizuhoFG, plan to issue a stablecoin by March 2024, supported by the Financial Services Agency. #Update #Crypto $USDT
@Anthropic launched Claude Fable 5, its most advanced AI model, amid plans for a confidential listing. Bitcoin trades in sync with tech stocks, reflecting AI market sentiment. #Update #Crypto $BTC
Bitcoin spot ETFs see $5 billion in net outflows over four weeks, with total net assets dropping to $53.77 billion amid macroeconomic concerns and inflation pressures. #Update #Crypto $BTC
U.S. House Ways and Means Committee hearing on crypto tax bills reveals bipartisan concerns, delaying potential relief for digital asset users; clarity needed for mining and staking provisions. #Update #Crypto $BTC $ETH
@Securitize CEO Carlos Domingo predicts tokenized equities and ETFs could drive the RWA market to $5 trillion, emphasizing their potential over Treasuries. Partnerships with NYSE aim to enhance on-chain trading. #Update #Crypto $BTC
The U.K. Financial Conduct Authority proposed allowing retail investment funds to hold up to 10% in cryptocurrency exchange-traded notes, enhancing crypto acceptance in the U.K. #Update #Crypto $BTC
The Digital Asset Market Clarity Act, advancing in the Senate, faces five critical gaps including oversight for DeFi platforms and stablecoin regulations, risking illicit finance facilitation. #Update #Legal $BTC $ETH
Bitcoin shows bearish signals as @QuinnThompson of Lekker Capital cites structural challenges and liquidity issues, predicting a tough summer for crypto markets. #Update #Crypto $BTC
