Bitcoin Breaks $69K Amid U.S. Inflation Data #Bitcoin
Bitcoin ($BTC) surged past $69,000 as May 2024’s U.S. CPI showed a year-over-year rise of 3.3% with just a 0.2% monthly increase, signaling slowing inflation. #Bitcoin #CPI
Crypto Scammers Pose as Kauai Police Officers #Security
? Kauai, Hawaii police warn residents of scammers posing as officers to extort cryptocurrency fines. Never pay fines via crypto. Report suspicious calls to authorities. #CryptoScam #HawaiiNews
Crypto Hacks Erase $20B from Industry #Security
Crypto hacks cost nearly $19B, with 2023 seeing the most thefts. The U.S. faced $984M in losses. 75% of 2023’s stolen funds moved to DeFi. #CryptoCrime #BlockchainSecurity
Bitcoin Supplier Invests $130M in AI Data Centers #Crypto
Intelion to invest $130M in AI data centers in Russia, shifting from crypto mining to AI cloud services. First center in Samara by Q4 2024. #AI #TechNews
Elon Musk Drops Lawsuit Against OpenAI
Elon Musk has withdrawn his lawsuit against @OpenAI and CEO Sam Altman, citing efforts to enforce open-source principles. This move impacts investor sentiment and AI ethics. #AI #Ethics
Funding: Mistral AI Secures $640M in Series B
French startup Mistral AI secures €600M in Series B funding, reaching a $6B valuation. Investors include @GeneralCatalyst, @LightspeedVP, @a16z, @nvidia, @Samsung, and @salesforce. #AI #FundingUpdates
Crypto Focus Shifts to UK Labour Party #Crypto
Crypto leaders shift focus to UK’s Labour Party ahead of July 4 snap election, aiming to influence future regulations and revive London’s status post-Brexit. #cryptonews #UKelection
SHIB Prepares for Bullish Breakout, 5thScape Rising #Crypto
Shiba Inu ($SHIB) eyes a bullish breakout, buoyed by AR/VR project @5thScape’s $6.1M presale and VR gaming innovations. SHIB trades at $0.000023 with a $13.63B market cap. #cryptonews #VR
Ethereum Restaking Boost: Kalypso Partners Symbiotic #Ethereum
Kalypso partners with Symbiotic to enhance security in decentralized ZKP networks using Ethereum restaking. Transactions are settled on Arbitrum Nova for high throughput. #Crypto #Blockchain
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