Fed Holds Steady on June Interest Rate
JPMorgan Chase and Citigroup predict the #Fed will not cut interest rates in June 2024, influenced by new unemployment data. Potential volatility ahead for $BTC. #Finance #Crypto
Ethereum ETF Decision Looms: SEC Feedback Week #Ethereum
This week, the SEC will give feedback on Ethereum ETF S-1 filings, crucial for $ETH investment products. Industry players await clarity amidst mixed signals from SEC Chair Gary Gensler. #CryptoNews
Bitcoin Becomes DeFi Technologies’ Reserve Asset #DeFi
DeFi Technologies ($DEFTF) adopts Bitcoin as its primary reserve asset, acquiring 110 BTC worth $7.6M. This strategic move boosts their stock by 25% and reflects Bitcoin’s deflationary edge. #CryptoNews
Altcoins: FLOKI, WIF, APORK June’s Top Picks #Alts
Crypto experts pick $FLOKI, $WIF, and $APORK as June’s top altcoins. FLOKI may double, WIF targets $6, and APORK could hit $3-$5 by year-end. #Crypto #Updates
Memecoin Soars as Brett Hits $1B Market Cap #Crypto
Angry Pepe Fork ($APORK) launches on Solana with staking options, while Brett hits a $1B market cap, surging 181% in a month. #Crypto #Updates
Tether Plans $1 Billion Investments in 2023 #Crypto
Tether plans to invest over $1B in financial infrastructure, AI, and biotech, while maintaining 100% reserves. Launch of digital token-based bonds and stocks platform by 2024. #CryptoNews #Updates
Bitcoin Miners Sell Reserves Amid Crypto Liquidation #Bitcoin
Bitcoin miners sold 1,200 BTC on June 10, their largest sale since March, amid market liquidations and asset drops. Analysts suggest accumulation due to potential bullish events. #Bitcoin #CryptoNews
Fraudulent Crypto Websites Surge with AI Automation #Security
AI is driving crypto website fraud and influencer scams, warns Elliptic. A Reddit user lost $1300 to AI bot Jessica, and NovaDrainer scammed 10,000+ wallets. #Crypto #AI
Tokenized Asset Tax Reporting by Ledgible #Crypto
Ledgible launches a tax solution for tokenized assets, aligning with new IRS Form 1099-DA regulations. Partnered with @FTI_US, it streamlines compliance without altering operations. #Blockchain #TaxTech
Fraud: AI Founder Ilit Raz Defrauds Investors $21M
SEC charges Ilit Raz, founder of AI firm Joonko, with defrauding investors of $21M. Raz allegedly faked client lists and financials. Criminal case opened. #AI #SEC #Updates
Polygon Launches $1B POL Tokens for Developers #Crypto
Polygon unveils a $1B POL Community Treasury to boost developer engagement. The first grant season offers $22M in $MATIC for early-stage projects. Apply by Aug 31. #Crypto #Blockchain
Polygon Unveils $1B Grants Program for Developers #Crypto
Polygon launches a $1B Community Grants Program, with 35M MATIC ($23M) allocated for Season 01. Projects must build on or migrate to Polygon. Apps open until Aug 31, 2024. #Crypto #Updates
Polygon Allocates 35M MATIC for Projects #Crypto
Polygon Labs launches a Community Treasury with 35M $MATIC to back ecosystem projects. Apply from June 11 to Aug 31, 2024. Monthly evaluations, funds ranging 5K-50K $MATIC. #CryptoNews #Updates
Bitcoin Velocity Stagnates: Will BTC Payments Rise? #Bitcoin
Bitcoin’s transaction velocity hits a 13-year low, echoing early days. Shift towards “Digital Gold” signals preference over daily transactions. Ethereum’s smart contracts still lead. #Bitcoin #CryptoNews