Total crypto funding has surpassed $100B, with $101.36B raised across 5,287 rounds since 2014. Notable events: $4.2B ICO by EOS on June 1, 2018, and $1B by Luna Foundation Guard on Feb 23, 2022. #CryptoNews
Sealana ($SEAL) is in its final presale week, raising over $4M. Analysts predict strong post-launch performance. With 11K followers on X and a $7.6B Solana memecoin market, it shows bright potential. #Crypto #Update
Arthur Hayes, co-founder of @BitMEX, forecasts the approval of a Dogecoin ETF by cycle’s end, citing DOGE’s high market cap and active trading. He also predicts Aptos could surpass Solana in the L1-blockchain race. #Crypto #Update
MEV bot “arsc” exploited Solana users, raking in $30M in two months. Wallets linked to the bot hold over $29.8M in tokens. The ESMA is investigating MEV tactics as potential market abuse. #Solana #CryptoNews
Rollblock ($RBLK) is set to outperform $ADA, $AVAX, and $MATIC in 2024 with its innovative blockchain casino. The platform, poised to capture the $744B GambleFi market by 2028, has raised over $750K in its presale. #Update
Whale dumps 31M $XRP to exchanges amid price dip, sparking bearish sentiment. 30.350M XRP moved to Bitstamp, causing market disruption. Despite decline, positive news around XRPL and new stablecoin RLUSD offers cautious optimism. #Update #XRP
Paul Ryan urges the U.S. to speed up stablecoin legislation to counter China’s digital finance progress. He warns China’s digital yuan could threaten $USD dominance and suggests stablecoins could boost U.S. Treasury bonds’ appeal. Ryan opposes a U.S. digital dollar. #FinanceNews
South Korea to review 600+ crypto listings in July under the new Virtual Asset User Protection Act, impacting exchanges like @UpbitGlobal, @BithumbOfficial, and Coinone. Quarterly reviews aim to enhance security and compliance. #CryptoRegulation
BlackRock’s ETF chief Samara Cohen notes advisors’ caution over Bitcoin spot ETFs despite $50B success since Jan 2024, citing volatility and fiduciary duties. 80% of buys are from self-directed investors. SEC eyes Ethereum ETFs by summer 2024. #Update
Venezuelan President Nicolás Maduro is reportedly using crypto transactions to skirt U.S. sanctions reinstated after failing to honor election agreements. $70M in stablecoins transferred by SUNACRIP raises concerns. The U.S. criticizes Maduro’s electoral commitment failures. #Update
Indian ED freezes ₹32 crore ($3.83M) from Highrich Group, accused of running a ₹1,500 crore ($179M) crypto Ponzi scheme led by K.D. and Sreena Prathapan. This follows a broader crackdown on illegal crypto activities. #Update #CryptoFraud
Malaysia’s Inland Revenue Board launches “Ops Token” to tackle crypto tax evasion, targeting RM1.441 trillion in transactions. 38 personnel raided 10 locations, tracing digital assets to ensure tax compliance. #CryptoTax #Update
Garanti BBVA has launched Turkey’s first bank-led cryptocurrency wallet, Garanti BBVA Crypto, enabling secure transactions with $BTC, $ETH, and $USDC. Available on iOS, it meets the growing demand for crypto services. #CryptoNews #Turkey #Update
Ethereum co-founder @VitalikButerin backs TiTok AI’s new image compression, shrinking 256×256-pixel images to 320 bits for efficient onchain storage. This tech, from ByteDance and the University of Munich, speeds up processing by 410 times. #Blockchain #Update
