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@Circle’s upcoming Arc blockchain aims to bridge compliance gaps for financial institutions, raising $222 million in a presale and valuing it at $3 billion; shares surged 15% amid mixed earnings. #Update #Crypto $USDC
@MicroStrategy’s Michael Saylor downplays concerns over potential bitcoin sales for dividends, stating it would be “inconsequential” and emphasizes their trading strategy focuses on maximizing bitcoin per share. #Update #Crypto $BTC
@Payward is raising new capital at a $20 billion valuation as Kraken prepares for an IPO, following recent acquisitions including Reap for $600M and Bitnomial for $550M. #Update #Crypto $BTC $ETH
The American Bankers Association is lobbying against the Senate’s Digital Asset Market Clarity Act, warning that stablecoin provisions could harm bank deposits and financial stability ahead of a committee vote. #Update #Crypto $USDC
@Ripple’s prime-brokerage unit secured a $200 million funding agreement with Neuberger Berman to enhance its Ripple Prime platform amid rising institutional demand. #Update #Crypto $XRP
Bitcoin ($BTC) hovers around $81,000, nearing the pivotal $82,000 mark; institutional demand suggests a potential breakout. Meanwhile, Sui’s $SUI surges 12% as privacy features are announced. #Update #Crypto $BTC #Crypto $SUI
Seven major bitcoin mining pools, including @Foundry and @AntPool, now support the Stratum V2 standard, enabling miners to choose transactions for blocks. This represents nearly 75% of global bitcoin hashrate. #Update #Crypto $BTC
A bitcoin whale moved $40 billion in BTC from a dormant wallet active since 2013 to a new address, raising speculation about future sales or transfers. $BTC #Update #Crypto
@Coinbase’s weak Q1 earnings raise concerns on Wall Street, with analysts divided on its future. Regulatory changes and new products may provide hope amid a challenging environment. #Update #Crypto $BTC
@LayerZero admitted to a security oversight in its infrastructure linked to a $292 million hack, shifting blame from Kelp DAO. The protocol will adjust configurations to enhance security. #Update #Crypto $LINK
White House adviser Patrick Witt indicated the Clarity Act could be signed into law by July 4, while Senator Kirsten Gillibrand advocated for ethics provisions in the market structure bill. #Update #Crypto
@BlackRock files with the SEC to launch a tokenized fund, the BlackRock Daily Reinvestment Stablecoin Reserve Vehicle, requiring a $3M minimum investment. #Update #Crypto $USDT
@GoogleCloud and @PayPal executives at Consensus Miami revealed that the future of commerce will rely on crypto, citing the launch of the Agentic Payments Protocol (AP2) for AI agents. #Update #Crypto $PYUSD
Bored Ape Yacht Club (BAYC) NFTs see floor prices rise from 5 ETH to 10 ETH, while $APE increases from below $0.10 to $0.16, signaling renewed retail interest in crypto. #Update #Crypto $APE
