Anthropic Launches Confidential IPO Application
@Anthropic has filed a confidential IPO application with the SEC, aiming for public market entry. Valued at $965 billion, this move could impact crypto markets through related products. #Update #Crypto
Binance Bans Foreign Stablecoins in South Africa
South African Reserve Bank and FSCA declare crypto assets and stablecoins are not legal tender, citing risks to National Payments System stability. #Update #Legal
Bitcoin Plummets Below $70K After $739M Move
@MtGox has transferred 10,422.65 $BTC valued at $739M ahead of creditor repayments, marking a significant move as Bitcoin falls below $70K. #Update #Crypto $BTC
Binance Launches 7000 US Stocks Access
@Binance to offer trading of over 7,000 US stocks and ETFs, introducing tokenized equities via “bStocks” for non-US users. $BNB trades at $692 amid market retracement. #Update #Crypto $BNB
XRP Expands RLUSD to $200 Billion Turkey Market
Ripple expands its RLUSD stablecoin into Turkey, partnering with BiLira, Bitexen, and Bitlo, boosting its market cap over $1.8 billion amid rising crypto adoption in the country. #Update #Crypto $XRP
Ethereum DAO Shuts Down After $50M Hack
@RadiantCapital DAO ceases active development after two 2024 exploits, including a $50M hack. Limited operations for fund withdrawals continue, overseen by a community-elected council. #Update #Crypto $ETH
Hyperliquid Surges as Hayes Bets $100K
Arthur Hayes bets $100K that Hyperliquid ($HYPE) will outperform Solana ($SOL) by year-end, as $HYPE hits new all-time highs. #Update #Crypto $HYPE
Bitcoin ETFs Bleed $1.42B as Tourists Exit
Spot bitcoin ETFs saw $1.42 billion in outflows last week, highlighting concerns over “crypto tourists” selling amid AI stock distractions, says @IBKR’s Steve Sosnick. #Update #Crypto $BTC
Berkshire Hathaway Acquires $10 Billion Alphabet Stock
@BerkshireHathaway to purchase $10B in @Alphabet stock as the company raises $80B to enhance AI infrastructure; Alphabet’s Q1 revenue hit $110B, with Google Cloud growing 63% year-over-year #Update #Crypto $GOOGL
Bitcoin Lags as S&P 500 Hits 7599
The S&P 500 hit a record 7,599.96 on June 1, while Bitcoin lagged below $71,000 after $2.43 billion ETF outflows in May. #Update #Crypto $BTC
Robinhood Launches in Canada After $180M Deal
@Robinhood enters the Canadian market after acquiring @WonderFi for $180 million, gaining access to local licenses and regulatory approvals. The deal includes Bitbuy and Coinsquare, boosting Robinhood’s customer base by 300,000. #Update #Crypto $BTC $ETH
Bitcoin Plummets to 2-Month Low Amid Divergence
Bitcoin ($BTC) dropped to $70,023, its lowest since April 7, marking a 4% daily decline and an 8% weekly loss, diverging from rising US equities. #Update #Crypto $BTC
Bribery Charges Hit Ex-Heat Guard Rozier
Ex-Miami Heat guard Terry Rozier faces new federal bribery charges over a $100K kickback scheme linked to sports betting, adding to existing wire fraud allegations. #Breaking #Legal @TerryRozier
Stellar XLM Surges Toward $11 Breakout
Analyst predicts $XLM could reach $11 in a historic breakout. #Update #Crypto $XLM