Teleport, a new rideshare service on Solana blockchain, launches with 857 drivers. Developed by Decentralized Engineering Corp., it charges only 15% of fares vs. Uber’s 44%. Co-founder Raj Gokal believes this onchain model “could actually work.” #Blockchain
3iQ files for North America’s first Solana-based spot ETF, QSOL, set to trade on the Toronto Stock Exchange. Offering simplified investment in $SOL, it promises 6-8% profit through staking. Available in Canada (excluding Quebec). Custodians: Coinbase Custody & Tetra Trust. #Update
The Winklevoss twins donated $2M in Bitcoin to Donald Trump, aiming to counter the Biden Administration’s anti-crypto stance. Tyler Winklevoss criticized government actions against crypto, highlighting regulatory challenges and the need for clear $BTC policies. #Update
Bitcoin spot ETFs faced $140M outflow on June 20, marking five consecutive days of losses. @Grayscale’s GBTC lost $53.1M, while @BlackRock’s IBIT ETF gained $1.48M. Bitcoin is down 1.34% to $64,678. Investors eye U.S. PMI data. #Update
Canadian firm 3iQ Corp files to launch North America’s first Solana ETF, $QSOL, on the Toronto Stock Exchange. This move, following U.S. approval of spot Ethereum ETFs, aims to simplify Solana exposure for investors. #Update #CryptoNews
Ethereum restaking could create an “internet bond” market, says S&P Global Ratings. EigenLayer leads with 5.3M ETH ($19M) in restaked assets, highlighting the potential for economic growth in crypto. Regulatory approval pending. #Ethereum #Update
Analysts predict a bullish 2024 for $PEPE due to increased community engagement and market hype. Technical indicators suggest PEPE may surpass $0.000015. Meanwhile, Rebel Satoshi Arcade ($RECQ) gains traction with zero buy/sell taxes and lucrative gaming rewards. #Update
Bitcoin whale activity surges as Germany offloads 1,700 BTC from its $3.24B stash. Despite this, whales like @MicroStrategy buy aggressively, adding 11,931 BTC. The tug-of-war impacts Bitcoin’s price. #Update $BTC
.@RepHoulahan and @RepFrenchHill visit Binance exec Tigran Gambaryan in Nigeria’s Kuje Prison. Gambaryan, detained for 3 months, suffers from malaria and pneumonia. Despite cleared tax charges, he’s still jailed for money laundering. Lawmakers call for his release. #Update
Ripple wins procedural victory as Judge dismisses most claims in Oakland class action lawsuit. Federal and state law securities claims against Ripple rejected. XRP’s security status still undecided, with another trial involving CEO Brad Garlinghouse pending. #CryptoLaw #Update
Jeremy Hogan doubts the SEC’s appeal win against @Ripple in the U.S. Court of Appeals, even if successful, could lead to more legal battles. Judge Torres ruled XRP sales to retail investors aren’t securities, but institutional sales violated laws. #Update $XRP
The Winklevoss twins (@winklevoss) donated $1M each in Bitcoin to Donald Trump’s reelection campaign, citing his pro-crypto stance. They criticized Biden for regulatory actions against crypto firms, calling it “Operation Choke Point 2.0.” #Update #Bitcoin
Crypto crime is surging, with investigations becoming more complex, says @chainalysis. Public agencies face staffing and tech shortages. 67.7% in APAC link crypto to crime, while 72.4% in EMEA see it as legit currency. #CryptoCrime #Update
Konami partners with Avalanche to launch the NFT platform Resella, promising zero gas fees and high data speeds. This move, leveraging Konami’s iconic franchises, aims to enhance Web3 gaming and expand NFTs’ utility. #NFTs #Web3
