Sonic, a Layer 2 gaming network on Solana, raises $12M in Series A led by @BitkraftVC, with @galaxyRTK and Big Brain Holdings. Total funding now at $16M, with a token valuation of $100M. Mainnet launch set for Q3 2024. #BlockchainGaming #Update
Renzo secures $17M in funding led by @GalaxyHQ and @BH_Digital to scale its innovative restaking protocol on EigenLayer. The protocol supports Ethereum, stETH, and wBETH staking across multiple networks, enhancing DeFi integration. #CryptoNews #Update
Institutional interest in crypto ETFs is surging, with $15B in net inflows at the Coinbase State of Crypto Summit. Analysts expect further boosts pending regulatory clarity. $COIN rated “Buy” with a $315 target. #CryptoNews #Update
Shiba Inu Coin ($SHIB) is now supported for @cryptocom Visa card funding, joining $BTC and $ETH. Despite a recent 11% price drop, SHIB trading volume surged 124% to $598.2M, highlighting strong community engagement. #Update
NAB halts its Ethereum-based stablecoin AUDN after a year. The team shifts focus to Ubiquity, a new project with @ANZ_AU. This pivot could impact future blockchain and stablecoin trends in Australia’s financial sector. #Update #Blockchain #Stablecoin
? Wasabi, a platform for trading memecoins and NFTs, raised $3M in funding led by @ElectricCapital. With over 18,000 traders and $500M in trading volume since January, Wasabi aims to expand its team and boost DeFi impact with a TVL of $109M. #Update #CryptoTrading
Farside Investors report a $146M outflow from US Bitcoin spot ETFs yesterday, signaling changing sentiment. $FBTC lost $92M, while $IBIT & $GBTC saw zero/negative flow. Bitcoin stands at $65,567.92, down 0.67% in 24h. #Update
VanEck is launching Australia’s first spot Bitcoin ETF on June 20, following ASX approval. This low-cost ETF offers a new investment avenue for Bitcoin, but ASIC warns of cryptocurrency risks. #BitcoinETF #Update
The SEC’s potential approval of spot Ether ETFs by July 2 has sparked a 12% rise in $ETH over 30 days. Increased whale activity sees 700,000 ETH purchased. Analysts predict significant market acceptance and potential long-term gains. #Update #Ethereum
Australia’s securities regulator warns of the risks, volatility, and complexity of cryptocurrencies as ASX approves its first spot Bitcoin ETF. Investors advised to risk only what they can afford to lose. #BitcoinETF #Update @asic
Total crypto funding has surpassed $100B, with $101.36B raised across 5,287 rounds since 2014. Notable events: $4.2B ICO by EOS on June 1, 2018, and $1B by Luna Foundation Guard on Feb 23, 2022. #CryptoNews
Arthur Hayes, co-founder of @BitMEX, forecasts the approval of a Dogecoin ETF by cycle’s end, citing DOGE’s high market cap and active trading. He also predicts Aptos could surpass Solana in the L1-blockchain race. #Crypto #Update
BlackRock’s ETF chief Samara Cohen notes advisors’ caution over Bitcoin spot ETFs despite $50B success since Jan 2024, citing volatility and fiduciary duties. 80% of buys are from self-directed investors. SEC eyes Ethereum ETFs by summer 2024. #Update
The @ASX will list @VanEck’s spot Bitcoin ETF on June 20, 2024, marking a key milestone in Australia’s crypto market. This follows the US debut of spot Bitcoin ETFs in January 2024, which amassed over $58B. #Bitcoin #Update
