Bitcoin ETFs See $886.6M Inflow, Second-Best Day Since March
Bitcoin ETFs saw their second-best inflow day on June 4, 2024, with nearly $1B added. Leading were Fidelity’s $FBTC at $378.7M and Blackrock’s $IBIT at $274.4M. #Bitcoin #CryptoNews
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Navigating Regulations: How Exchanges Build Trust
Kraken’s global head of banking and payments, Kaushik Sthankiya, and CoinW’s president, Sonia Shaw, discussed crypto’s future at Money20/20. They emphasized regulation, trust, and U.S. Bitcoin ETFs’ positive impact. #CryptoNews #Blockchain
Tether Invests $18M in Cross-Border Exchange XREX
Cross-border payments startup XREX secures $18.75M from @Tether_to to boost USDT payments in emerging markets and launch XAU1, a gold-backed stablecoin. #Crypto #Fintech #Updates
MEV Taxes Redirect Value to Developers
Paradigm’s Dan Robinson and Dave White introduce MEV taxes to help decentralized apps recapture Miner Extractable Value, benefiting users and developers. Could enhance DEX trade execution. #DeFi #CryptoNews
Turkey Targets Crypto Gains with New Tax Policy
Turkey’s Treasury Minister Mehmet Şimşek proposes taxing stock and crypto gains to combat high inflation. New crypto regulations to protect investors are expected by early 2024. #crypto #Turkey
Biden Urged to Help Binance Exec in Nigerian Jail
U.S. lawmakers urge President Biden to intervene as Binance executive Tigran Gambaryan faces dire conditions in Nigeria’s Kuje Prison. Held for over 3 months, Gambaryan, tested positive for malaria, requires immediate medical care. #Crypto #Updates
KARRAT Soars 40% with Palantir, Nvidia Deals
KARRAT ($KARRAT) surged 40% to $1.10 after partnerships with @PalantirTech and @nvidia. Trading volume hit $32M. AMGI Studios to use Palantir’s Foundry. ‘My Pet Hooligan’ wins Best Action Game. #Crypto #GamingNews
Nium Slashes Valuation by 30% Amid Ripple Partnership
Nium raises $50M in Series E funding, valuing it at $1.4B, down from $2B in 2022. Led by a SE Asian sovereign wealth fund, Nium aims for IPO in 2025. #Fintech #Updates
Ripple CEO Forecasts ETFs for SOL, ADA, XRP
Ripple CEO Brad Garlinghouse predicts ETFs for $XRP, $SOL, and $ADA by May 2024. Meanwhile, Rebel Satoshi’s $RECQ targets a 184% presale surge. #CryptoNews #Updates
Rootstock Expands Bitcoin L2 Across Latin America
Rootstock’s @ricardocastro reveals plans to expand Bitcoin layer-2 protocol in Latin America at Money 20/20 Amsterdam, boosting DeFi access in emerging markets. $BTC #CryptoNews #DeFi
Solana Meme Coin Frenzy Boosts Pump.fun Revenue to $30M
Pump.fun hits $30M in revenue from Solana’s meme coin frenzy, overcoming a $1.9M exploit. Celebs like Caitlyn Jenner and Iggy Azalea launch tokens. #CryptoNews #Solana #Updates
FTX Settles $24B IRS Tax Dispute
FTX settles $24B tax claim with IRS for $885M in bankruptcy case. $200M in priority claims due within 60 days; remaining $685M paid as funds are available. #TaxNews #FTX
Polygon Labs Acquires Toposware for Unified Web3 Solutions
.@0xPolygonLabs acquires Toposware, a $30M blockchain startup, to boost its zero-knowledge capabilities. This integration enhances zkEVM tech and cross-chain interoperability. #Crypto #Blockchain #Updates
Revolutionary Gaming Platform Integrates Cryptocurrency Rewards
FatBoy’s new play-to-earn game lets users nurture digital pets while earning FATTY tokens built on the Arbitrum ecosystem. Tokens start at $0.016 each. #GameFi #CryptoNews