Bitcoin lagged behind stocks and bonds in Q2 2024, dropping ~5%. Lower profitability post-halving and reduced Bitcoin ETF inflows contributed to the slump. Analysts still see potential highs. #Bitcoin #CryptoNews
Binance CEO Richard Teng confirmed minimal client assets were held in bankrupt FlowBank. Binance reassures customers amid market volatility. TrueUSD had no exposure. #CryptoNews #Binance
Bitcoin ETFs saw a $226M outflow on June 13, 2024. Fidelity’s ETF lost $106M, Grayscale $62M, and Ark & 21Shares $53M. SEC hints at Ethereum ETF approval. #Crypto #Bitcoin
Binance to delist trading pairs ALPACA/BTC, MDX/BTC, NFP/TUSD, QUICK/BTC, and XAI/BNB on June 14, 2024, due to low liquidity. Launches BNB Incubation Alliance for blockchain startups. #CryptoNews #Binance
New York District Judge Jed Rakoff approves a $4.47B settlement where Terraform Labs will pay the SEC, marking the largest corporate fine ever. Former CEO Do Kwon to reimburse $204M. #Crypto #Regulation
Bitcoin spot ETFs see $226.2M outflow amid price dip. @BlackRock’s IBIT bucked the trend with $18.2M inflow, while $BTC price hovers around $67,059. #Crypto #BitcoinNews
Bitcoin faces declines amid a bearish market trend, with the 20,000 BTC options expiry on June 14 setting the max pain point at $68,500. PCR of 0.49 suggests bullish sentiment. #CryptoNews #Bitcoin
Billionaire Mark Cuban criticizes SEC Chair @GaryGensler’s crypto stance, claiming it may affect Biden’s 2024 reelection due to tough regulations on U.S. crypto firms. #Crypto #SEC
The WA State DFI has alerted on a $310K crypto scam by Ethfinance, where an investor couldn’t withdraw funds after refusing to add money to a “smart contract.” #CryptoScam #CryptoAlert
Permanent ETH holders bought 298,000 $ETH in a single day, the second-largest purchase ever. Despite a 9% correction, on-chain metrics are strong. #Ethereum #CryptoNews
Bitfarms’ stock surged 15% after announcing a large mining site in Sharon, PA, boosting power to 648 MW by 2025. Riot Platforms holds 13.1% shares. #Bitcoin #CryptoNews
Rep. Thomas Massie introduces bill to abolish the Federal Reserve, inspired by “The Bitcoin Standard” by Saifedean Ammous. The initiative has support from the Bitcoin community and GOP co-sponsors. #Bitcoin #FinanceNews
.@BNBCHAIN and @BinanceLabs launch the BNB Incubation Alliance to support early-stage Web3 projects with resources, grants, and global events. Participants get benefits worth up to $300K. #Web3 #CryptoNews
Former Rep. Tim Ryan says crypto is gaining popularity among Democrats. The House passed bill FIT21 with 71 Democrats in favor, despite SEC Chair Gensler’s opposition. #CryptoNews #Politics
