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Shiba Inu Coin ($SHIB) is now supported for @cryptocom Visa card funding, joining $BTC and $ETH. Despite a recent 11% price drop, SHIB trading volume surged 124% to $598.2M, highlighting strong community engagement. #Update
@UpholdInc will delist several stablecoins, including $USDT, $DAI, and $FRAX, by July 1, 2024, to comply with MiCA regulations in the EEA. Convert assets by June 27 or they’ll be auto-converted to $USDC on June 28. #CryptoRegulations
Farside Investors report a $146M outflow from US Bitcoin spot ETFs yesterday, signaling changing sentiment. $FBTC lost $92M, while $IBIT & $GBTC saw zero/negative flow. Bitcoin stands at $65,567.92, down 0.67% in 24h. #Update
XRP surged 0.58% to $0.4941 on June 18, despite a bearish market. Nearly 80M XRP moved by whales, with major transactions to Bitstamp and Bitso. Trading volume spiked 242.21%. Optimism grows with RLUSD stablecoin. #CryptoUpdate
Ethena Labs revamps $ENA tokenomics with mandatory vesting starting June 23. Users must lock 50% of tokens via Ethena, PT-ENA pools on Pendle Finance, or restaking pools to secure USDe transfers. Unvested tokens get redistributed. #Update
David Hirsch, ex-chief of SEC’s crypto unit, denies joining memecoin platform Pump.fun as head of trading. Hirsch plans a family break before son’s college, with next career move undisclosed. Community reacts with 17 David Hirsch tokens. #CryptoNews
Cumberland DRW secures a BitLicense from NYDFS, joining a select group of crypto firms in New York. This milestone boosts institutional trading relationships and underscores the crypto industry’s focus on regulatory compliance. #CryptoCompliance #Update
Peter Schiff warns that hedge fund strategies using Bitcoin and $MSTR could destabilize the market. Despite Bitcoin ETF buying, prices remain low, suggesting manipulation. Indicators show bearish sentiment. Investors should monitor hedge fund actions. #Update #CryptoMarket
The Stand With Crypto PAC endorsed 18 more candidates, split between Democrats and Republicans. Notable endorsements include @SenGillibrand, @SenRickScott, and @RepDanGoldman for their crypto and blockchain support. #Update #CryptoNews
The U.S. Supreme Court will hear @nvidiadeveloper’s appeal on a securities fraud lawsuit. Accusations claim Nvidia misled investors about cryptocurrency mining revenue. This follows a $5.5M settlement and ongoing antitrust probes by FTC and DOJ. #Update
Jupiter Co-Founder Meow defends memecoins, likening them to early social media platforms. Despite risks, memecoins like $WIF and $BONK on Solana boast market caps over $1B, showing high potential and risk. #CryptoNews
Whale dumps 31M $XRP to exchanges amid price dip, sparking bearish sentiment. 30.350M XRP moved to Bitstamp, causing market disruption. Despite decline, positive news around XRPL and new stablecoin RLUSD offers cautious optimism. #Update #XRP
Bitcoin ($BTC) rises 0.51% to $66,600.62 in 24 hours, with potential to retest $70,000. Key drivers: retail and whale transactions, social sentiment, and spot Bitcoin ETF trends. Current trading volume is down 46.85%. #Update #Bitcoin
Uniswap Labs challenges the SEC’s Wells notice, calling the agency’s DeFi regulation attempts misguided and legally flawed. They argue that the $UNI token is not an investment contract and assert their decentralized exchange aligns with the SEC’s mission. #DeFi #Update
