EddieJayonCrypto

 14 May 24

tl;dr

• The US Bitcoin ETF market sees $116 million inflows, driven by Bracebridge Capital's significant investments in ARKB ($262M) and IBIT ($81M)ETFs, while Hong Kong faces outflows amid potential integration into China's Stock Connect system.• The White House orders the shutdown of Chinese-owned crypt...

• The US Bitcoin ETF market sees $116 million inflows, driven by Bracebridge Capital's significant investments in ARKB ($262M) and IBIT ($81M)ETFs, while Hong Kong faces outflows amid potential integration into China's Stock Connect system.
• The White House orders the shutdown of Chinese-owned crypto mine MineOne near a U.S. missile base in Wyoming due to national security concerns.
• Grayscale reports new Bitcoin Layer 2 technologies like BitVM and optimistic Bitcoin rollups, potentially expanding Bitcoin's market demand and value.
• USDt-TON reaches $200 million in less than 1 month, driven by Tether and TON Foundation's partnership to integrate USD₮ and XAU₮ on the TON blockchain, aiming to target Telegram’s 900 million users.
• India's CoinDCX launches the Okto ecosystem with a blockchain, token, and points program to enhance the Web3 experience and streamline DeFi.
• Coinbase experiences a major outage, returns after three hours, but users may still face transaction issues; company shares dip slightly.
• Paradigm introduces block trading for altcoin options (MATIC, SOL, XRP) on Deribit, reducing slippage and market impact with plans for further expansion.
• Jim Cramer warns against MicroStrategy stock, advising direct Bitcoin investment; the company faces pressure from Bitcoin market fluctuations.
• Tether freezes 5.2 million USDT linked to phishing groups, continuing its efforts to combat crypto-related scams and hacks.

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