Binance Reaches 200 Million Users Milestone #Crypto
Binance’s user base hits 200M, growing from 120M in July ’22 despite legal woes. New CEO Richard Teng now oversees $100B in assets. #Crypto #Binance
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Crypto Exchanges in South Korea Withhold Client Funds #Crypto
? South Korea’s FSS found 70% of local crypto exchanges fail to return user funds upon closure. Stricter regulations are being developed to protect users in the $BTC market. #Crypto #Regulation
Rug Pull: Gemholic Project’s $3.5M zkSync Fraud #Security
Gemholic project in the #zkSync Era accused of a $3.5M rug pull, withdrawing 921 ETH after fixing a smart contract issue. @SolidProof_io faces criticism for failing to address the fraud. #CryptoScam
Investments Surge: 26 Projects Raise $208M
#Funding
? Major boost for blockchain! 26 crypto projects secure $208M in June. Leading were Avail with $43M & M^ZERO with $35M. GameFi also shines with $20M for @TheSandboxGame. #Crypto #Blockchain
Trump Seeks to Lead Crypto Revolution
Donald Trump aims to be the “Crypto President,” raising $12M in SF alongside @DavidSacks and @chamath. He pledges to pardon Silk Road’s Ross Ulbricht, boosting crypto reform. #CryptoNews #Bitcoin
Hackers Steal $575M, Cyberattack Losses Surge 666%
In May 2024, cybercriminals stole $575M in cryptocurrency, a 666% increase from April, highlighting a shift to phishing and private key theft. #Crypto #CyberSecurity
Bitfinex Analysts Forecast Q4 Bull Market Peak
Bitfinex analysts predict Bitcoin ($BTC) could peak at $120K in Q4 2024, driven by post-halving trends and a strong MVRV ratio of 2.56. #CryptoUpdates #Bitcoin
Kraken Secures $100M Funding Ahead of IPO
Kraken plans to raise $100M by end of 2024 ahead of its 2025 IPO, targeting a major partner amid booming #crypto market. This move could set a precedent for the industry. #Updates
Arthur Hayes Critiques Financial Elites in New Essay
Arthur Hayes, former @BitMEX CEO, predicts G7 monetary policy shifts will boost $BTC. With G7 lowering rates and the Fed potentially holding steady, it’s prime time for Bitcoin investments. #Updates #Cryptocurrency
American Securities Association Files Lawsuit Against SEC
The American Securities Association sues the @SECGov for alleged transparency violations over $3B in fines against firms like @jpmorgan and @GoldmanSachs. The outcome could impact future regulations. #Finance #Regulation
Bitget Exchange Enhances VIP Levels and Benefits
Bitget updates VIP levels starting June 12, 2024. New requirements: 30,000 USDT assets, 20,000 USDT in $BGB, or 500,000 USDT spot/5M USDT futures volume in 30 days. #CryptoNews #Updates
Semler Scientific Invests $17M in Bitcoin Again
Semler Scientific (@SemlerSci) bolsters its Bitcoin holdings, purchasing 247 BTC for $17M, now holding 828 BTC worth $57M. They plan continued investments. #Bitcoin #CryptoNews
Telegram Founder Unveils New Payment System
Pavel Durov announces Telegram Stars, an in-app payment system allowing purchases and app promotion on iOS and Android. This led to a 5.7% surge in $TON value. #CryptoNews #TechUpdates
The Sandbox Lands $20M Investment from Animoca Brands
The Sandbox (@TheSandboxGame) secures $20M from @animocabrands, Kingsway Capital, and others to boost its virtual world. Beta launch in late 2024, mobile in 2025. #Metaverse #TechNews