🔔 The U.S. SEC is on the verge of approving ETFs tied to the spot price of ether, with a potential launch as early as July 4

👉 Source

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🔔 Binance's latest update on Binance FZE exchange, a local exchange for Dubai, highlights procedures for UAE residents' seamless account transition by year end.

👉 Source

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🔔 Covalent Network announces the completion of a $5 million strategic funding round, led by RockTree Capital with participation from CMCC Global, Moonrock Capital, and others.

➡️ The funds will be used to drive market growth in the second half of 2024. Former BitMEX CEO Arthur Hayes previously joined Covalent as a strategic advisor to bring Long-Term Data Availability and EWM into decentralized AI.

👉 https://x.com/Covalent_HQ/status/1806013201479340250?t=mQNi8qaPY7xBcgbgoGsHYw&s=19

🔔 Ripple CEO Brad Garlinghouse said SEC Chair Gary Gensler will cause Joe Biden to lose the U.S. presidential election in November.

👉 Source

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🔔 Bitstamp Removes Euro Tether Due to New MiCA Regulations

➡️ Bitstamp will delist Tether's euro-pegged stablecoin, Euro Tether (EURT), by the end of June to comply with Europe's Markets in Crypto-Assets Regulation (MiCA), effective June 30.

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https://blog.bitstamp.net/post/bitstamp-confirms-changes-to-accord-with-mica-regulation/

🔔 JPMorgan: Mt. Gox Creditors Likely to Sell Bitcoin Receivables Next Month

➡️ Defunct crypto exchange Mt. Gox will start distributing bitcoin repayments to creditors next month. These creditors are expected to sell part of their bitcoin receivables, initially pressuring the market. However, JPMorgan analysts anticipate a recovery beginning in August.

👉
https://www.theblock.co/post/302217/jpmorgan-mt-gox-bitcoin

🔔 Galaxy Digital Predicts Up to $7.5 Billion Inflow into ETH ETFs Within First Five Months

➡️ Galaxy Digital predicts that Ethereum (ETH) exchange-traded funds (ETFs) could soon become a multi-billion dollar market after SEC approval. Analysts expect the first approvals next week. Charles Yu, Galaxy's VP of Research, forecasts inflows of $3 billion to $7.5 billion in the first five months, following the success of Bitcoin ETFs. Yu believes ETH ETFs will boost market adoption and legitimacy among institutional investors and regulators.

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https://www.theblock.co/post/302396/galaxy-digital-sees-up-to-7-5-billion-flowing-into-eth-etfs-within-first-five-months

🔔 Coinbase announced a partnership with Stripe, Stripe is adding USDC to its crypto payment products and adding USDC on Base to its fiat-to-crypto onramp. Coinbase will add Stripe's fiat-to-crypto onramp to Coinbase Wallet to allow users to instantly buy cryptocurrencies with credit cards and Apple Pay.

👉 https://www.coinbase.com/zh-sg/blog/coinbase-stripe-team-up-to-increase-global-adoption-of-crypto?__cf_chl_rt_tk=GtRElYp_bOZ85y_6QoTrs83aFicUZvuVZeFuBUScHv0-1719533256-0.0.1.1-4564

🔔 T-Rex Files for 2X Leveraged MicroStrategy ETF

➡️ Financial services firm T-Rex Group has filed for a leveraged MicroStrategy (MSTR) ETF in the U.S. Analyst Eric Balchunas described it as a "ghost pepper" ETF due to its potential volatility, which could be around 20 times that of the S&P 500.

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https://x.com/EricBalchunas/status/1806436903119671763

🔔 BlackRock's Global Allocation Fund holds 43,000 shares in the iShares Bitcoin Trust.

👉 Source

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🔔  The European Union’s financial watchdog tasked with overseeing stablecoin regulations across the bloc — has opened up vacancies for crypto experts.

👉  Source

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🔔 The Aptos Foundation, in collaboration with Alibaba Cloud, China's largest cloud service provider, launched Alcove, Asia's first co-branded Move developer community, to promote smart contract programming languages ​​in the Asia-Pacific region. Alcove’s mission is to amplify the impact and proliferation of the Move smart contract programming language among talented developers.

👉 https://aptosfoundation.org/currents/aptos-foundation-and-alibaba-cloud-unite-to-boost-web3-in-japan

🔔 Paradigm has rolled out Reth 1.0, its first production-ready Ethereum execution client developed in Rust.

👉 Source

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🔔 Jesse Powell, the founder of Kraken, has donated $1 million to Donald Trump

➡️ Kraken founder Jesse Powell announced a $1 million donation to Donald Trump's campaign, citing Trump's pro-crypto stance. Powell criticized the Biden administration's regulatory approach, which he believes weakens U.S. competitiveness in crypto. Powell, who stepped down as CEO in 2022, still serves as Kraken's chairman.

👉
https://x.com/jespow/status/1806569144294556146

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https://x.com/xPortalApp/status/1808082437135630742

🔔 Bittensor's TAO Drops 15% Following $8M Wallet Drain Attack

➡️ Bittensor halted its blockchain after an attack drained $8 million from a user wallet, causing a 15% drop in TAO token prices. The chain is now in "safe mode," producing blocks but not processing transactions, with the latest transactions around 23:00 UTC on Tuesday.

👉
https://x.com/shibshib89/status/1808306071263760612