Ripple (@Ripple) has acquired Standard Custody & Trust Company to enhance its stablecoin infrastructure. This move strengthens Ripple’s digital asset custody and bridges blockchain with traditional finance. #Crypto #Ripple
Ripple launches the XRP Ledger Japan and Korea Fund to boost XRP innovation in APAC, supporting startups, developers, and corporate partnerships. Major backer: SBI Holdings with 60+ banks. #CryptoNews #XRP
?OKX faces $633.88M outflow from June 4-11, 2024, amid $204.67M theft due to SMS verification flaws. Security upgrades underway. #Crypto #SecurityConcerns
In May, $3B in crypto tokens will be unlocked. @Aevo plans a $1.257B release on May 15, while @PythNetwork will unlock $1.25B on May 20. #Crypto #Updates
? The @FTC warns of rising romance scams involving cryptocurrencies, with victims losing over $75 billion since 2020. Be cautious of online love interests offering investment advice. #CryptoScams #SafetyAlert
Thai crypto exchange @Zipmex has lost its business license due to regulatory non-compliance, financial instability, and poor management. The Ministry of Finance mandates Zipmex to return customer assets within 15 days. #CryptoRegulation #SEC
Australia bans credit cards & cryptocurrencies for online betting, effective June 11, to curb gambling issues. Online lotteries exempt. #GamblingReform #CryptoNews
Bitcoin’s transaction velocity hits a 13-year low, suggesting a shift towards “digital gold” rather than a daily transaction tool, says CryptoQuant CEO Ki Young Ju. #Bitcoin #CryptoNews
China-based precursor makers received $26M+ in crypto in 2023, a 600% surge. 60% paid in $BTC, with most payments from unhosted wallets. #Crypto #Bitcoin
? Whale investor buys 600B $SHIB from @RobinhoodApp, sparking optimism for a potential price rally despite recent 2.05% dip. Current price: $0.00002244. #CryptoNews #Updates
Bitcoin hits $71,907, nearing its all-time high. Institutional investors have poured $15.69B into Bitcoin ETFs since January. Trading volumes for ETPs surged by 55%. #Bitcoin #CryptoNews
McDonald’s Singapore launched “My Happy Place,” a virtual world with exclusive prizes and NFTs. IKEA debuts “The Co-Worker Game” on Roblox, offering real wages. #Metaverse #Updates
The U.S. Spot Bitcoin ETF saw a $65M outflow on June 10, ending a 19-day inflow streak. Major withdrawals: $39.5M from @Grayscale’s $GBTC, $20.5M from Invesco Galaxy’s $BTCO, and $15.8M from Valkyrie $BRRR. #Bitcoin #Finance
Senators @SenWarren, Jacky Rosen, and John Hickenlooper urge @federalreserve Chair Powell to cut interest rates from 5.5%, citing economic strain on working Americans and housing costs. #Economy #HousingCrisis
