Coinbase Prime has won a $32.5M contract with the U.S. Marshals Service to manage seized digital assets, marking a significant step in government adoption of blockchain for asset management. This move reflects growing trust in the security and viability of digital currencies. #CryptoNews
The U.S. Marshals Service selects @Coinbase Prime to store and trade large-cap digital assets like $BTC and $ETH. This decision underscores growing trust in Coinbase and signals U.S. government recognition of crypto as a legitimate asset class. #Update
Gemini has signed a 5-year sponsorship deal with Real Bedford FC, co-owned by Peter McCormack and backed by the Winklevoss twins. Paid in Bitcoin, the deal boosts the club’s financial stability. #Bitcoin #Update
Binance burned 1.7B $LUNC tokens on July 1, pushing its total LUNC burn to nearly 62B since 2022. The Terra Luna Classic community has now burned over 125B tokens, with Binance contributing more than 50%. Prices of $LUNC and $USTC rose 1% and 2% respectively. #Update
U.S. court upholds most SEC claims against Binance but dismisses charges on secondary $BNB sales and Simple Earn. Ex-CEO Changpeng Zhao serves a 4-month sentence for money laundering. Next hearing: July 9, 2024. #CryptoRegulation #Update
VanEck named @Coinbase as an additional custodian for its HODL Bitcoin ETF, enhancing security with Coinbase’s cold storage. VanEck also filed for a Solana ETF, aiming for the first U.S. launch. #Crypto
Coinbase gains 2.5% after partnering with @Stripe. MicroStrategy sees significant inflows despite long-term losses. Bitcoin mining stocks surge: Marathon Digital up 7%, Hut 8 up 24%. Market cap at $2.26T shows ongoing negative sentiment. #Update #CryptoStocks
Coinbase seeks CFTC approval to offer altcoin futures, including $SHIB and $AVA, by July 15. This move aims to diversify its offerings and attract institutional investors by ensuring a regulated environment. #CryptoNews
Bitcoin whale moves 1000 BTC to @CoinbasePrime after 6 years of dormancy. Acquired in 2018 for ~$7000, now worth ~$61.7M. This continues the trend of dormant addresses reactivating, impacting $BTC’s market dynamics. #CryptoNews
Valour, a subsidiary of DeFi Technologies, launched the first Core DAO ETP on the Swiss Spotlight Stock Exchange, integrating proof-of-work and delegated proof-of-stake. This milestone allows traditional finance to access the native CORE token. #Update
Crypto wealth platform Yield App, backed by AGE Crypto and Alphabit, to shut down on June 28, 2024, due to FTX-related losses. Portfolio hit by defunct FTX and Swiss hedge fund Tyr Capital’s risk failures. #Update #CryptoNews
Jesse Powell, founder of @krakenfx, donated $1M in $ETH to Donald Trump ahead of the 2024 elections, citing the Biden administration’s “hostile stance” towards crypto. Powell and other crypto leaders aim to support pro-crypto policies. #Update
Binance (@binance) adds 7 new FDUSD trading pairs, including $ETHFI, $MEME, and $PYTH, offering zero-fee trading based on VIP levels. Listed tokens saw price hikes, with $PYTH surging 6.21% and $MEME rising 4.97%. #Update
Coinbase (@coinbase) partners with Stripe (@stripe) to boost USDC adoption on Base, enabling faster, cheaper transactions worldwide. The integration offers instant crypto purchases via credit card and Apple Pay, simplifying global payments. #CryptoNews #Update
