Spot Ethereum ETFs could start trading in the U.S. by July 2, says Bloomberg analyst @EricBalchunas. The SEC has sent minor comments on the filings, suggesting a swift approval process. $ETH price is up 2.5%, now around $3,562.97. #Ethereum #Update
LBank received a warning from Japan’s FSA for unregistered crypto transactions, operating with an “unknown address” and “unknown representative.” This follows similar warnings to Bybit, MEXC, Bitget, and Bitforex in March 2023. #CryptoRegulation
Amazon’s first Prime Day of 2023 saw 375M items sold, showcasing web2’s vast reach. Meanwhile, sharding tech in web3 promises 100X blockchain scalability, enhancing decentralized finance, gaming, and healthcare. #Update #Web3 #Blockchain #PrimeDay2023
Apple’s App Store faces a DOJ lawsuit for monopolistic practices, while @Google’s app store battles Epic Games. Crypto apps hit hardest by restrictions. Progressive Web Apps (PWAs) offer a fee-free, browser-based alternative. #Update #TechNews
DEXs must focus on revenue. Challenges include attracting liquidity providers and security. @Astrovault profits directly from liquidity, boosting trust and adoption. Monetizing liquidity fosters sustainability and community in #DeFi. #Update
Rebel Satoshi Arcade’s RECQ token surged 120% in presale, outshining $FLOKI (-9%) and $BONK (-15%). RECQ’s dual-token ecosystem with an NFT marketplace and stake-to-earn program attracts major investment. #Update #CryptoNews
Notcoin ($NOT) surged 11% to $0.021, reaching a two-week high and nearly flipping $VET, $MKR, and $OP by market cap. Now at $1.9B, Notcoin benefits from Telegram’s ecosystem and growing crypto support. #Update
Gemini will pay $50M to defrauded investors of its Earn program and is banned from lending in NY. The settlement, announced by AG Letitia James, affects over 230,000 investors, including 29,000 New Yorkers. #CryptoRegulation
Former @Binance CEO Changpeng Zhao owns 64% of $BNB, worth over $56B, making him the 24th richest globally. Despite serving jail time, BNB surged by 141% in 14 months and returned 1,497,749% since 2017. #cryptonews
Bernstein boosts its Bitcoin price prediction to $200K by 2025 and $1M by 2033, citing spot Bitcoin ETFs and block reward halving. MicroStrategy’s stock target set at $2,890 by 2025 due to increased BTC holdings. #Update #Bitcoin $BTC
Bitcoin.com is hosting a $10K (USDT) free poker tournament on CoinPoker on June 16 at 7 pm GMT. Join using code BITCOIN2024. Sign up on CoinPoker to enter. #CryptoNews #Update
Mistral AI, a French startup, raised €600M in Series B funding, hitting a $6B valuation. Specializing in advanced AI models, their open-source tech supports global developers. This funding could boost both AI and the crypto sectors. #AI #Update
Global ETF market, now at $13T, could reach $35T by 2035, says Eric Balchunas, Senior ETF Analyst @binance. Growth driven by low costs, intra-day liquidity, and tax efficiency. Spot crypto ETFs offer easy crypto market access. #Update #ETFs
MEV bots on $ETH and $SOL blockchains have netted $313.7M in profits from 2021-2023, exploiting transaction priority and gas fees. Notably, a flash loan attack on PancakeSwap in Oct 2023 earned $1.575M. #DeFi #Update
