Spot Bitcoin ETFs saw $544M in net outflows over six days ending June 21, contrasting with $4B in prior inflows. Bitcoin price dipped below $64,500 as whales sold $1.2B in BTC, contributing to market FUD. #CryptoNews
50 Cent (@50cent) revealed his X account and website were hacked to promote a fake cryptocurrency called GUNIT. The scam aimed to exploit his influence for a pump-and-dump scheme, misleading followers and costing investors up to $20M. #CryptoScam
On June 21, 2024, Tether’s $USDT trading volume on the TRON network hit a record $53.03B, surpassing @Visa’s Q1 2024 daily average of $42B. This milestone highlights TRON’s dominance, handling over 90% of all $USDT transactions. #CryptoNews
YieldMax files with the SEC to launch an Ether Option Income Strategy ETF on NYSE Arca, using a synthetic covered call strategy. Managed by Tidal Investments and sub-advised by ZEGA Financial. Awaiting SEC’s decision on Spot Ethereum ETFs. #CryptoNews
Apple has paused the rollout of “Apple Intelligence” AI features in the EU due to the Digital Markets Act, affecting AI enhancements like Mirroring and SharePlay. Apple may allow third-party app stores to comply. #TechNews
The Digital Chamber has flagged privacy concerns in the IRS’s draft 1099-DA for digital assets, which demands detailed taxpayer info like wallet addresses. They urge for simpler regulations to protect user privacy and boost crypto growth. #CryptoNews
? @Ledger warns crypto users of an “address poisoning” scam. Scammers send small crypto or NFTs to trick users into copying fake wallet addresses, leading to fund losses. Be vigilant and ignore suspicious transactions. #CryptoSafety
Tron ($TRX) surged to $0.1185, its highest in a month, amid a spike in USDT transactions. Daily USDT trading volume on Tron hit over $53B, surpassing Visa and Mastercard. Tron’s DeFi TVL exceeds $8.13B. #CryptoNews
European crypto exchanges like @UpholdInc, @binance, @krakenfx, and @okx_official are dropping stablecoins due to new MiCA regulations effective June 30. MiCA mandates EU registration and reserves, aiming for investor protection and market transparency. #CryptoRegulation
Ripple faces new legal battles as a California judge moves forward with a lawsuit over alleged misleading 2017 statements by CEO Brad Garlinghouse. Implications could be significant. #Ripple #CryptoNews
The U.S. CFTC investigates Jump Trading’s crypto activities after their May 2023 sector exit. Allegations include market manipulation of UST and LUNA tokens, profiting $1.3B. Both parties haven’t commented. This underscores the need for transparency and compliance. #CryptoRegulation
Italy may impose fines up to $5.4M for crypto insider trading and market manipulation under a new draft decree. This move empowers @BankofItaly and Consob to oversee crypto activities, enhancing market integrity and stability. #CryptoRegulation
Donald Trump received over $2M in Bitcoin from @winklevoss twins, founders of @Gemini. Cameron and Tyler Winklevoss each donated 15.47 BTC, supporting Trump’s pro-crypto stance. This donation highlights the growing intersection of cryptocurrency and politics. #CryptoNews
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
