14 Jun 24
 14 Jun 24
 14 Jun 24

EddieJayonCrypto

 14 Apr 24

tl;dr

Cryptocurrency Market • Bitcoin transaction fees surge due to high demand and Ordinals inscriptions. Bitcoin mining difficulty increases as hashrate nears all-time highs. Bitcoin emerges as the most popular blockchain for NFT trading. • Grayscale Bitcoin Trust outflows decrease, while Bitcoin option...

Cryptocurrency Market
• Bitcoin transaction fees surge due to high demand and Ordinals inscriptions. Bitcoin mining difficulty increases as hashrate nears all-time highs. Bitcoin emerges as the most popular blockchain for NFT trading.
• Grayscale Bitcoin Trust outflows decrease, while Bitcoin options expiration looms, potentially impacting market volatility.
• Toncoin surges to become the 9th most valuable cryptocurrency.
• Wormhole's native token experiences a significant price drop after its launch.
• Chinese investment giants target Hong Kong for Bitcoin ETF approval.
• Study finds a high percentage of meme coins on Coinbase's Base platform are vulnerable to scams.

Regulation
• SEC abruptly closes investigation into Dapper Labs, leaving questions unanswered. Uniswap Labs faces a lawsuit from the SEC over securities charges.
• Senators propose groundbreaking stablecoin legislation.
• Global oversight for stablecoins is urgently needed due to regulatory fragmentation.
• SEC's stance on Proof of Stake creates uncertainty for Ethereum ETF approval.
• Kraken delists Monero in Ireland and Belgium.
• Binance's Head of Financial Crimes Compliance faces money laundering charges in Nigeria.

DeFi (Decentralized Finance)
• Uniswap Labs faces a lawsuit from the SEC over securities charges.
• Following CEO resignation, Solana DeFi platform Marginfi experiences a withdrawal frenzy.
• SushiSwap faces voter manipulation allegations over a proposal to centralize its treasury.
• BCB Group consolidates its crypto custody operations onto Ripple-owned Metaco's platform.
• Solana unveils a plan to address network congestion caused by an implementation bug.

Stablecoins
• Sony Bank ventures into developing a stablecoin pegged to fiat currencies.
• Senators propose groundbreaking stablecoin legislation.
• Global oversight for stablecoins is urgently needed due to regulatory fragmentation.
• Circle introduces smart contract functionality for investors to swap real-world assets for USDC.

NFTs (Non-Fungible Tokens)
• Animoca Brands Japan plans to launch an NFT launchpad this summer.
• Adidas partners with a crypto game to offer players exclusive access to digital clothing.

Blockchain Technology Advancements
• A gaming device with native Sui blockchain integration is set to launch in 2025.
• Andreessen Horowitz unveils Jolt, a faster zero-knowledge virtual machine.
BIS and central banks explore cross-border payments using tokenization.

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