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Morning News from CrypticNews Hub 1. QCP Capital: Mt. Gox creditors may not have hedges, and the current crypto market remains under selling pressure; 2. Tether and Uquid collaborate to launch the "1 USDT" online store; 3. The deadline for point allocation for Blast's environmental projects has arrived, and some projects missed this deadline; 4. Jupiter Co-Creation: The proposal to reduce JUP token costs will not be a short-term one-time event; 5. #Solana Foundation launches two new features, Solana Actions and Solana Blinks; 6. $SOL Ecosystem Entrepreneurship Accelerator Colosseum's Fund completes a $60 million fundraising; 7. Ronin update: Goda will go live on July 3; 8. Bloomberg Analyst: VanEck files Form 8-A for Spot Ethereum ETF; 9. Bitwise CIO: #Ethereum ETF will attract $15 billion in net inflows over 18 months; 10. Brazilian digital bank Nubank integrates Bitcoin Lightning Network; 11. Blast Fund plans to release BLAST on air on June 26 at 10 PM; 12. Blur: Season 3 ends tomorrow, and 3% of BLAST tokens will be allocated to the Blur Foundation; 13. Enzyme launches a modular re-staking liquidity feature; 14. Rollup deployment platform Conduit completes a $37 million Series A funding round, led by Paradigm and Haun Ventures; 15. Gary Gensler: Approval of the Ethereum spot ETF is proceeding smoothly, and issuer disclosure is expected; 16. VanEck Ethereum spot ETF has a fee rate of 0.2% and will waive the fee for the first $1.5 billion in assets; 17. Binance.US: Due to regulatory factors, it will cease providing services to users in Washington state from August 20; 18. Fantom Foundation: Opera and Sonic users will receive 190 million S tokens in the form of ether; 19. The total supply of Blast tokens will be 100 billion coins, with an initial release of 17 billion coins.
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In the past six weeks, 103,000 bitcoins have been moved to over-the-counter (OTC) wallets. The growing balance and declining market price suggest that they have yet to find a buyer.
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U.S. stock futures were little changed on Wednesday after the S&P 500 and Nasdaq Composite ended a three-day losing streak, boosted by gains in Nvidia and other tech companies. In extended trading, Rivian shares jumped nearly 50% following Volkswagen's announcement to invest up to $5 billion in the electric vehicle maker, and FedEx shares surged 14% due to better-than-expected quarterly results and cost-cutting measures. During regular trading on Tuesday, the S&P 500 and Nasdaq Composite rose by 0.39% and 1.26% respectively, while the Dow fell by 0.76%. These moves came as Nvidia climbed 6.8% after three days of heavy selling, leading a rally in technology and artificial intelligence stocks. Other tech companies, including Tesla (2.6%), Meta Platforms (2.3%), and Alphabet (2.7%), also saw significant gains. Investors are now looking ahead to earnings reports from General Mills, Paychex, and Micron Technology on Wednesday, as well as the U.S. PCE inflation data on Friday.
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Ecoinometrics Bitcoin started the year with a lot of buzz. It significantly outperformed the stock market due to the launch of an ETF. However, recent trends show a divergence: - #Bitcoin - Despite early growth, $BTC is now trading in a range. - NASDAQ - Steady growth since mid-May, with year-to-date returns over 20%. Bitcoin currently lacks the same momentum as tech stocks.
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U.S. Congressman Matt Gaetz has introduced a bill that would allow federal income tax payments to be made using #Bitcoin
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