Crypto Payments Revolutionizes User Relationships
@Meta plans to reintegrate stablecoin payments in late 2023, shifting focus from branded coins to user relationships, amid rising competition from various stablecoin issuers. #Update #Crypto $USDC
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Bitcoin Code Rewrite Proposal to Recover $5B Stolen
Former Mt. Gox CEO @MagicalTux proposed a Bitcoin Core hard fork to recover 79,956 BTC ($5B) from a theft address, but the pull request was closed after 17 hours due to community rejection. #Update #Crypto $BTC
Bitcoin ETFs Surge with $1.1 Billion Inflows
U.S. bitcoin $BTC ETFs saw $1.1 billion in inflows over three days, ending five weeks of outflows, with total holdings at 1.29 million BTC, indicating renewed institutional demand. #Update #Crypto $BTC
Oil Futures Surge 5% After U.S.-Israel Strike
Oil-linked perpetual futures on @Hyperliquid surged over 5% after U.S. and Israel’s missile strikes on Iran, with $4M in trading volume as geopolitical tensions escalate. #Update #Crypto $OIL
XRP Ledger Bug Fixed by AI Tool
An AI tool identified a critical bug in the XRP Ledger that could have allowed fund theft without private key access; no funds were at risk as the amendment was not activated. #Update #Crypto $XRP
Crypto Betting Boom: UK Commission Takes Action
The U.K. Gambling Commission is exploring crypto payments for licensed betting operators to combat illegal markets and enhance consumer protection, following rising demand and regulatory developments. #Update #Crypto $BTC
Blockchain Settlement Engine Launches at Barclays
@Barclays is exploring a blockchain platform for payments, consulting tech providers to enhance efficiency and transparency, potentially involving stablecoins and tokenization. #Update #Crypto $USDC
Coinbase Head of Litigation Slams States Gaslighting
@Coinbase’s VP Ryan VanGrack challenges state regulators over prediction markets, claiming they misinterpret federal authority. Coinbase has filed lawsuits in multiple states amid cease-and-desist actions. #Update #Legal $BTC
Binance Under Investigation for Illicit Finance Controls
U.S. Senate Democrats, including Elizabeth Warren, urged the Treasury and DOJ to investigate @Binance for potential sanctions violations and illicit finance concerns after reports of terrorism funding. #Update #Legal $BNB
Bitcoin Custody Expands as Citi Morgan Stanley Collaborate
@Citigroup plans to launch institutional bitcoin custody later this year, integrating it into traditional banking systems amid strong client demand for familiar crypto exposure. #Update #Crypto $BTC
Ethereum Launches Bold Plan to Solve Scaling
Vitalik Buterin outlines a new scaling strategy for Ethereum, aiming to increase transaction throughput and rethink gas fees to accommodate long-term data storage costs. #Update #Crypto $ETH
Stablecoin Launches Linked to Swiss Franc
@AllUnity has launched CHFAU, a stablecoin pegged to the Swiss franc, backed 1:1 by reserves. This ERC-20 token responds to institutional demand for regulated digital CHF. #Update #Crypto $CHFAU
MARA Block Jump Double Digits CoreWeave Sinks
@MARA Holdings jumps 16% to $9.80 after partnering with Starwood Capital for AI data centers, while @Block rises 20% post-40% workforce cut; @CoreWeave falls 12% despite revenue beat. $BTC remains flat at $67,963.04. #Update #Crypto $BTC
Bitcoin Slides as Risk-Off Mood Persists
Bitcoin slid 1.5% to $67,766 as traders de-risked amid a broader market pullback, while Ethereum fell to $2,047. Weekly gains remain intact for major altcoins like $ADA and $SOL. #Update #Crypto $BTC