Arbitrage Dominates Spot Bitcoin ETF Inflows #Bitcoin
Institutional investors, especially hedge funds, are driving net inflows into Bitcoin spot ETFs through arbitrage strategies. Top 80 holders manage $10.26B out of $15.42B. #Bitcoin #CryptoUpdates
Grant Boosts Web3 Crowd Testing Platform Development #DeFi
The 1inch DAO is voting on a $150K USDC grant to develop a web3 crowd testing platform by xcrwd. Voting ends June 15, with 99.4% support. #Web3 #CryptoNews
Chainalysis Wins $80M Employment Lawsuit Dismissal
Judge Joel Cohen dismissed a $80M lawsuit against @chainalysis by ex-employee Blake Ratliff, citing time-barred claims and lack of written agreement. #Blockchain #LegalNews
Embezzlement: South Korean Bank Staff Steals $7.5M for Crypto #Crypto
? Employee at South Korea’s Woori Bank embezzles $7.3M to invest in crypto, losing $4.35M. Authorities intensify investigation amid a 48.8% rise in crypto crimes. #CryptoCrime #BankFraud
Arbitrum Fees Surge 97%, Transactions Soar #Crypto
Arbitrum’s fees surged by 97.8% as daily transactions hit 2.3M on June 11. TVL is $2.97B, while $ARB fell 0.33% to $0.94. #CryptoNews #BlockchainUpdates
Zimbabwe Seeks Input for Crypto Regulations #Crypto
Zimbabwe seeks public comments on crypto regulations until June 26. This move aims to stabilize the economy through digital innovation. #CryptoNews #Zimbabwe
Chainalysis Wins $80M Employment Contract Lawsuit Dismissal #Security
Manhattan Supreme Court dismisses $80M lawsuit against @chainalysis. Plaintiff Blake Ratliff’s claims on stock options were deemed too late and unsupported by written agreements. #LegalUpdate #BlockchainNews
Bitcoin Plunge: $200M Outflow from US ETFs #Bitcoin
? On June 11, 2024, US Bitcoin ETFs saw a $200M outflow, ending a month of gains. Grayscale’s $GBTC led with a $121M withdrawal, signaling bearish sentiment. #Bitcoin #CryptoNews
Pepe Surges 11%, Leading Meme Coin Market
Pepe ($PEPE) surged 11% in 24 hours to $0.0000129 with a $1.27B trading volume. Market cap hit $5.43B, fueled by whale acquisition and potential Coinbase listing. #Crypto #Updates
Crypto: Andrew Tate’s $10M Bet in Solana Saga
Andrew Tate (@Cobratate) places $10M crypto bet, burning $11M in $TOPG, causing a 1045% rise and $65M market cap. His move challenges @AnsemCrypto in a boxing match. #CryptoNews
Crypto: Brazil’s Largest Bank Launches Customer Trading
Itaú Unibanco now offers crypto trading for all users of its Íon app. Clients can buy and sell $BTC and $ETH directly, with enhanced internal wallet security. #Crypto #BankingNews
Bitcoin ETF to Influence Long-Term Price Stability #Bitcoin
Peter Schiff reignites Bitcoin ETF debate, warning of market instability despite recent $200.4M outflows from U.S. Spot Bitcoin ETFs. Bitcoin trades at $67,336.11, down 0.37%. #BTC #CryptoNews
XRP Struggles: Whales Move 64M Coins
XRP price dips to $0.4814, down 1.28% in 24 hours. Whales move nearly 64M XRP, causing market uncertainty. RSI nearing 33 suggests potential oversold conditions. #cryptocurrency #XRP
Web3 Conference L2con Brussels July 9 Event
L2con in Brussels on July 9 will feature 55+ speakers, including founders from @MatterLabs and @0xPolygon, discussing Ethereum’s scalability with ZK and Optimistic rollups. #Web3 #Ethereum