A fraudulent Phantom wallet app in the Apple Store is draining users' funds by mimicking the legitimate Phantom Wallet. The fake app, with poor reviews, deceives users into thinking it is the real application. Users have reported significant financial losses due to this scam, with one user losing over $100,000. The incident highlights the risks in the crypto space and emphasizes the importance of downloading apps only from verified developers. The fake app's presence in the AppStore raises concerns about security and vetting processes. Additionally, the article touches on other crypto-related news, such as Assange's potential release and market updates. It warns readers to be cautious when trading cryptocurrencies and to conduct thorough research before making any investment decisions. Read more AI-generated news on: https://app.chaingpt.org/news

The Australian Tax Office (ATO) is intensifying its monitoring of individuals who have cashed out their cryptocurrency profits before the end of the financial year on June 30. Taxpayers are now submitting their tax returns, and the ATO is scrutinizing crypto transactions closely. The ATO has enhanced its crypto data matching program to gather information from 2014 to 2026 from all legally operating crypto exchanges in Australia. This initiative aims to collect data on 1.2 million crypto investors annually, including personal details and transaction history. Uncertainty remains regarding the tax implications of Bitcoin and Ether repayments from Celsius, leaving users perplexed about their tax obligations. Investors are advised to seek guidance from tax professionals to accurately assess their tax liabilities. Despite the recent introduction of Bitcoin ETFs in Australia, investors are reminded that Capital Gains Tax applies when selling holdings for a profit. The ATO's crackdown underscores the importance of complying with crypto tax regulations in Australia. Read more AI-generated news on: https://app.chaingpt.org/news

Financial services firm T-Rex Group has applied for a leveraged MicroStrategy (MSTR) exchange-traded fund in the U.S., described as a high-volatility option. If approved, investors could face 20 times the S&P 500's typical volatility. This move follows MicroStrategy's significant Bitcoin holdings, currently valued at $13.2 billion. CEO Michael Saylor views Bitcoin as a hedge against inflation and cash alternative. MicroStrategy's stock has surged 120% this year, driven by Bitcoin's price increase. Other companies, like Metaplanet and Semler Scientific, have also invested in Bitcoin for treasury purposes, resulting in stock price spikes. This trend indicates a growing interest in Bitcoin-focused investment strategies among businesses. The cryptocurrency market continues to evolve, with companies exploring innovative ways to incorporate digital assets into their financial portfolios. Read more AI-generated news on: https://app.chaingpt.org/news

The value of Bitcoin surged by 1.1% during a 90-minute presidential debate between Donald Trump and Joe Biden, with Trump gaining ground on betting markets. Bitcoin was at $61,439 before the debate, rising to $62,152 as the candidates answered questions. Trump's odds of winning increased on prediction markets, while Biden's chances dropped due to his performance. Social media criticized Biden's coherence, with Trump highlighting his faltering statements. Both candidates made misleading claims, including Trump on abortion and economic issues. Despite not being discussed, cryptocurrency has become an election topic. Trump vowed to end Biden's 'war on crypto,' aiming to make the US a crypto leader. Biden vetoed a resolution allowing banks to hold crypto assets, citing consumer protection. The debate highlighted the growing influence of cryptocurrency in politics. Read more AI-generated news on: https://app.chaingpt.org/news

The Central Bank of Bolivia (BCB) has ended its prohibition on Bitcoin and cryptocurrency transactions, enabling financial institutions to engage in digital asset transactions to modernize the payment system. This move aims to help Bolivia's struggling economy and align it with Latin American crypto regulations. The regulatory shift signifies the reversal of a crypto ban that began in 2014, with banking entities barred from dealing with cryptocurrencies since December 2020. The new regulations permit banks to trade in cryptocurrencies through approved electronic channels, although these assets are not considered legal tender. The BCB plans to educate the public on cryptocurrency risks and responsible management under its Economic and Financial Education Plan. The collaboration between the BCB, UIF, ASFI, and the government bodies has updated regulations effective from June 26, aligning Bolivia with GAFILAT's recommendations to utilize crypto for economic growth. Read more AI-generated news on: https://app.chaingpt.org/news

The number of Bitcoin 'whole-coiners,' referring to addresses holding one or more Bitcoin, has consistently exceeded 1 million for the past 13 months. This milestone was initially achieved on May 13, 2023, when Bitcoin was valued at $27,000. The number of these wallet addresses peaked on Jan. 1 this year, with over 1,024,000 wallets holding Bitcoin. Despite Bitcoin's price doubling since May 2023, there are still 1,010,800 wallet addresses with one Bitcoin or more. This surge in 'wholecoiner' wallets signifies a notable increase in Bitcoin ownership. However, it's crucial to note that one wallet address doesn't always equate to one individual, as many investors have multiple addresses. Furthermore, a significant amount of Bitcoin is held on centralized exchanges, while a substantial portion is estimated to be 'lost forever.' The growth of 'wholecoiner' addresses has experienced fluctuations over the years, with notable declines during specific periods of market volatility. Read more AI-generated news on: https://app.chaingpt.org/news

Join the top US offshore betting sites like BetOnline and BetWhale to place bets on Wimbledon 2024 in Texas. Despite online betting being banned in Texas, these offshore sites offer a way to bet legally. By using these sportsbooks, including BetOnline, BetWhale, Bovada, and BetNow, you can enjoy benefits like faster payouts, generous welcome offers, and support for cryptocurrency deposits. BetOnline, with over 25 years of experience, offers competitive odds and a 50% deposit bonus. BetWhale, a newer site, provides a 125% deposit bonus and supports crypto. Bovada, a trusted sportsbook since 2011, offers a 75% deposit bonus. BetNow, in operation since 2005, provides up to $1000 in free bets. Get ready for Wimbledon 2024 with these top offshore betting sites and enjoy the exciting tennis action while using cryptocurrency for deposits. Read more AI-generated news on: https://app.chaingpt.org/news

Bipartisan support for cryptocurrency within the US government is on the rise, signaling potential shifts in crypto regulation. While Republicans lead in backing the industry, opposition is dwindling. Currently, 310 politicians strongly support crypto, with only 41 against it. In the Senate, 37 Republicans and 6 Democrats favor crypto, while 2 Republicans and 10 Democrats oppose it. The House sees 201 Republican and 62 Democratic representatives in favor, with 3 Republicans and 26 Democrats against. Despite Senate divisions, the House shows more unity in supporting crypto-friendly bills. Recent legislation like the FIT21 Act highlights bipartisan efforts for crypto regulation. As the 2024 election nears, crypto's influence grows, with PACs supporting pro-crypto candidates. While Senate challenges remain, the House presents a more favorable environment for crypto legislation, emphasizing the need for bipartisan cooperation for effective regulation. Read more AI-generated news on: https://app.chaingpt.org/news

CleanSpark, a Bitcoin (BTC) miner, recently revealed a merger with GRIID Infrastructure worth $155 million. The acquisition involved all of GRIID's common stock in an all-stock transaction, with CleanSpark also taking on GRIID's debts. Additionally, a hosting agreement was established, granting CleanSpark 20 megawatts of power. Furthermore, CleanSpark provided a $5 million working capital loan and $50.9 million to settle immediate obligations for GRIID. This merger is projected to increase CleanSpark's power capacity by over 400 MW in the coming years. CEO Zach Bradford expressed plans to surpass 100 megawatts in Tennessee by the end of the year, aiming for 200 MW in 2025 and exceeding 400 MW in 2026. The company's stock, CLSK, saw a 2.2% increase to $16.44 on June 27, with a year-to-date gain of over 50%. GRIID, based in Cincinnati, Ohio, operated mining facilities in Tennessee and New York, with plans to expand its capacity in the Tennessee Valley. CleanSpark has been actively expanding its operations, recently acquiring five mining facilities in Georgia to add 60 MW of power. The company also disclosed plans to raise capital through stock sales. Read more AI-generated news on: https://app.chaingpt.org/news

Women's sports bars across the United States were filled with enthusiastic fans as the Minnesota Lynx emerged victorious over the New York Liberty at the Women’s National Basketball Association (WNBA) Commissioner’s Cup Championship on June 25. The lively atmosphere was made possible by Coinbase, the event sponsor. In Portland, Oregon, the Sports Bra bar reached its full capacity of 56 attendees who relished in bar snacks and a complimentary glass of beer or wine, courtesy of Coinbase. Attendees also received a free T-shirt after responding to invitations from the WNBA or Coinbase. Similar celebrations took place in bars in New York City, St. Paul, and Seattle. Coinbase's support for the NBA and WNBA over the past three years has been part of a long-term partnership. The Sports Bra, known as the world's first women-only sports bar, has seen significant success since its opening in February 2022, with plans for nationwide expansion through franchising following an investment from Reddit co-founder Alexis Ohanian’s 776 Foundation. Read more AI-generated news on: https://app.chaingpt.org/news

A Bitcoin wallet belonging to a miner that had been inactive for 14 years recently became active, sending 50 Bitcoin to Binance. The Seven Network's YouTube channels were hacked by crypto scammers, streaming a fake Elon Musk crypto scam. In a separate incident, the U.S. government transferred nearly 4,000 Bitcoin to a Coinbase wallet, allegedly from a dark web vendor. The dormant Bitcoin wallet dates back to 2010, earning 50 BTC when the price was $0.05. The miner's rare achievement of mining a block was highlighted, given today's high network hashrates. The fake Elon Musk videos on the Seven Network's channel promoted a 'double-your-money' scam. The U.S. government's Bitcoin transfer raised concerns in the crypto community about potential market impact. Overall, these events underscore the ongoing challenges of security and trust in the crypto space. Read more AI-generated news on: https://app.chaingpt.org/news

The Dfinity Foundation has unveiled Utopia, a new platform powered by the Internet Computer Protocol (ICP) to enhance cybersecurity. Utopia, designed for government entities and enterprises, offers a private serverless cloud infrastructure. It aims to provide unstoppable, tamperproof, and open platforms for independent autonomy. The platform enables secure AI operations, facilitates digital asset management, and supports governments in achieving sovereignty. Despite the potential benefits, regulatory uncertainties, as seen with the SEC and CFTC, may hinder government adoption of digital assets. Utopia addresses cybersecurity threats by offering large-scale enterprise computing to prevent unauthorized access, data breaches, and ransomware attacks. The platform's launch comes amidst increasing cyber threats, such as ransomware attacks on London hospitals. Utopia's goal is to empower governments with AI capabilities while enhancing cybersecurity measures. Read more AI-generated news on: https://app.chaingpt.org/news

The narrative surrounding non-fungible tokens (NFTs) is shifting as some in the crypto community question their viability. Despite a decline in trading volumes, experts believe the market is maturing rather than dying. Professionals in the blockchain space, like Anoir Houmou and Yale ReiSoleil, argue that NFTs are not dead but undergoing a natural correction. They see potential in NFT technology for various industries, with real-world asset tokenization and proof of ownership as promising use cases. As NFTs move beyond digital collectibles, they are transforming industries and providing new revenue models. The rise of SocialFi and GameFi platforms signals a positive shift in the NFT space, with strong sentiment reflected in recent sales volumes. Overall, the consensus is that NFTs are evolving and finding practical applications beyond mere speculation. Read more AI-generated news on: https://app.chaingpt.org/news

Oracle network Chainlink has introduced its Data Streams product on the Avalanche network. GMX, a decentralized perpetual futures trading platform, is utilizing the real-world market data from Data Streams to enhance its perpetual futures protocol. Unlike traditional oracles, Data Streams by Chainlink operate on a 'pull-based' model, fetching offchain market data promptly when needed. This is particularly beneficial for platforms like GMX, where traders rely on real-time, high-frequency price data without delays from onchain verification. Chainlink's Data Streams ensure onchain verification only when essential, such as during trade execution. The deployment on Avalanche network marks another milestone for Chainlink, which has been expanding its products in the blockchain space. By partnering with various platforms like Celo and Gnosis, Chainlink aims to revolutionize asset management and enhance accessibility to real estate tokenization, making it more inclusive for both institutional and individual investors. Read more AI-generated news on: https://app.chaingpt.org/news

An anonymous donor from the Bitcoin community has contributed 8 BTC, worth around $500,000, to aid in the travel expenses of WikiLeaks founder Julian Assange. This financial backing enabled Assange's return trip via a chartered flight, necessitated by his ban from commercial air travel. The Australian government managed the logistics of this costly journey, totaling $520,000, now a debt owed by Assange. Speculation abounds regarding the source of this significant BTC donation, with former kickboxer Andrew Tate hinted as a potential donor. Crypto researcher Iwan Rabbinstein suggested that Jack Dorsey, Twitter's founder and Block, Inc.'s CEO, might be the true benefactor. Dorsey's history of supporting causes aligns with this act of philanthropy. The donation not only raises questions about the donor's identity but also underscores the strong support Assange enjoys within the Bitcoin community, reflecting the broader narrative of BTC as a tool for social and political empowerment. Read more AI-generated news on: https://app.chaingpt.org/news

State Street Global Advisors has teamed up with Galaxy Digital to introduce new exchange-traded funds (ETFs) offering exposure to digital assets. The collaboration aims to go beyond traditional spot Bitcoin ETFs, catering to the growing interest from both institutional and retail investors. State Street's proposed SPDR Galaxy Digital Asset Ecosystem ETF will invest in publicly traded digital asset companies, including crypto exchanges, mining firms, and hardware wallet providers. Additionally, they plan to explore futures and spot ETF products. While some view this move as a step towards mainstream adoption of crypto assets, others like Nate Geraci find it surprising that State Street did not focus solely on spot Bitcoin and upcoming spot Ether ETFs. The partnership is expected to leverage State Street's expertise in administrative services for the digital asset ETFs developed by SSGA and Galaxy Digital, marking a significant milestone in the evolving landscape of digital asset investments. Read more AI-generated news on: https://app.chaingpt.org/news

A Bitcoin wallet from the Satoshi era, dating back to 2010, recently became active after 14 years, transferring 50 Bitcoin to the Binance exchange. This era, spanning from 2009 to 2011, marked the time when Satoshi Nakamoto, the pseudonymous creator of Bitcoin, was engaged in online forums. The wallet, associated with a BTC miner who earned 50 BTC in July 2010, contains some of the earliest mined Bitcoin when the reward per block was 50 BTC. Despite the current reward dropping to 3.125 BTC, the miner received the 50 BTC when Bitcoin was valued at $0.05. The movement of crypto to centralized exchanges, like Binance, is often viewed as bearish, indicating potential asset selling. The rise of industrial-scale Bitcoin mining has intensified competition, making it challenging for individual miners to succeed. This trend has led to the awakening of dormant wallets from the Satoshi era, reflecting the evolving landscape of cryptocurrency mining and trading. Read more AI-generated news on: https://app.chaingpt.org/news

In the PolitiFi meme coins market, MAGA Hat (MAGA) and Donald Tremp (TREMP) have emerged as top gainers alongside Trump Mania (TMANIA). These meme coins have experienced significant double-digit surges in the past 24 hours, outperforming tokens like Constitution DAO, TRUMP, and BODEN. MAGA is currently trading at $0.0003611, marking a 20.5% increase in the last 24 hours and a 49% rise over the week. On the other hand, TREMP is priced at $0.7933, showing an 18% surge in the past day and a 13% increase over the week. The market uptrend is attributed to the anticipation surrounding the upcoming US presidential candidate debate. With meme coins inspired by former President Donald Trump dominating the top 10 political meme coins, the sector is bracing for potential volatility. While Trump has been hailed as a crypto advocate, Biden's stance on crypto remains uncertain despite recent developments hinting at a shift in approach. Read more AI-generated news on: https://app.chaingpt.org/news

Marathon Digital, a Bitcoin mining company, has ventured into mining Kaspa (KAS), a layer-1 proof-of-work coin, generating 93 million KAS by June 25. This move aims to diversify revenue streams, as stated by Adam Swick, Marathon's chief growth officer. Kaspa, ranking as the fifth-largest PoW coin globally, offers faster transactions than Bitcoin due to its BlockDAG mechanism. Marathon has acquired 60 petahash of Kaspa ASICs, with a projected 95% profit margin. Currently operating at 50% capacity in Texas, Marathon plans to have full capacity by Q3 2024. With a circulating supply of 24 billion KAS and a block reward of 103.83 KAS, Kaspa's market cap exceeds $4.1 billion. The price of KAS was up by 9% to $0.175, showcasing the potential of this new venture. Read more AI-generated news on: https://app.chaingpt.org/news

Update (June 26 at 6:07 pm UTC): An earlier version of this article incorrectly stated that Shomari Figures won a primary in the state of California. It has been corrected to a primary in Alabama. Jamaal Bowman, a House Representative for New York’s 16th Congressional District, lost the Democratic primary, jeopardizing his seat in 2025. Democratic challenger George Latimer is projected to defeat Bowman by 58%–42%. The Fairshake PAC spent over $2 million opposing Bowman, citing 'dangerous conspiracy theories' rather than his stance on pro-crypto bills. Bowman's loss was attributed to significant opposition spending, including $17 million from interest groups. In a similar vein, Rep. John Curtis won the Republican primary for the U.S. Senate, supported by Fairshake's affiliate PAC. The influence of crypto-backed funds in political races is evident, with Fairshake's media campaigns impacting voter decisions. The 2024 election landscape is being reshaped by crypto-influenced political dynamics. Read more AI-generated news on: https://app.chaingpt.org/news