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Coinbase gains 2.5% after partnering with @Stripe. MicroStrategy sees significant inflows despite long-term losses. Bitcoin mining stocks surge: Marathon Digital up 7%, Hut 8 up 24%. Market cap at $2.26T shows ongoing negative sentiment. #Update #CryptoStocks
Zhu Su of Three Arrows Capital predicts $SOL could hit $1,000, driven by strong performance of the Grayscale Solana Trust and potential ETF approval. Investor confidence mirrors $ETH’s past surge. #Update
New IRS rules mandate crypto brokers to report transactions, including stablecoin and high-value NFT trades, from Jan 1, 2025. DeFi and unhosted wallet guidelines are deferred. 15M users, 5K firms impacted. #CryptoTax #Update
Ripple Labs faces regulatory challenges in the U.S., with ongoing disputes with the SEC, contrasting positive European developments. CEO Brad Garlinghouse criticizes U.S. crypto laws for stifling innovation, while welcoming the EU’s MiCA for its clarity. #CryptoNews
The SEC has sued @Consensys, claiming its MetaMask platform operates as an unregistered securities broker. The lawsuit alleges MetaMask facilitated over 36M crypto transactions, earning $250M in fees. Consensys argues the SEC is overreaching. #CryptoNews
Coinbase seeks CFTC approval to offer altcoin futures, including $SHIB and $AVA, by July 15. This move aims to diversify its offerings and attract institutional investors by ensuring a regulated environment. #CryptoNews
Hong Kong’s SFC flags three crypto firms—Tokencan, VBIT Exchange, and HKD.com Corporation—for alleged fraud and unlicensed operations. The SFC has alerted the police to block their websites and social media pages to protect investors. #CryptoRegulation
The Terra Luna Classic community accuses Raouf Ben-Har, co-founder of @KarakNetwork, of stealing 200M USTC. Karak’s CSO denies it, blaming the Terra Foundation. $USTC trades at $0.01808, $LUNC at $0.00008329. #Update #CryptoNews
? On June 28, the U.S. government transferred 11.84 BTC (~$726K) from a seized wallet. This follows a larger 4,000 BTC transfer to Coinbase Prime, raising selloff fears. CEO Ki Young Ju reassures minimal market disruption. #Bitcoin #Update
Upcoming token unlocks will release $118M worth of $OP, $SUI, and $ENA into the market on June 30 and July 1, likely causing bearish price movements. Optimism will unlock 31.34M tokens, Sui 69.30M, and Ethena 14.89M. #Update
Investment firm @VanEck_US filed for a spot Solana ETF with the SEC, despite risks like concentrated $SOL ownership and network outages. Solana’s price surged to $150, reflecting market optimism. #CryptoNews
The Fed’s PCE index cooled to 2.6%, the slowest pace since March 2021, sparking crypto market recovery. The CME FedWatch Tool hints at a potential rate cut. Bitcoin, $ETH, and $SOL show signs of recovery. #Update
Dogecoin ($DOGE) surges 3.01%, now at $0.1266, driven by social media buzz and endorsements. Technical indicators show bullish momentum with DOGE stabilizing around $0.118. Increased development activity boosts investor confidence. #Update #Dogecoin
Polkadot community debates a bridge to link their network with Cardano. Felix from @Unifires discusses a Cardano-Polkadot light client and NFT swap bridge. Proposal submitted to Cardano, with plans for Polkadot’s OpenGov. #Update #Blockchain
