✅ This week, there was a huge influx of money into Bitcoin ETFs, pushing the price to new all-time highs every day. However, after BTC price reached $93,450, market started to correct 🕯
Weekly news digest:
💎 Crypto
🔸 Canary Funds has filed an application with the U.S. SEC for an HBAR ETF
🔸 Goldman Sachs discloses $710 million Bitcoin ETF holdings
🔸 Tether has launched Hadron, its asset tokenization service 🪀
🔸 Franklin Templeton's OnChain U.S. Government Money Market Fund can now be traded on Ethereum
🔸 BlackRock is announcing the expansion of its proprietary BUIDL to Aptos, Arbitrum, Avalanche, Optimism and Polygon chains
🏦 Crypto Exchanges
🔸 BNBChain announced that it has received a $10 million investment in cloud service credits from Google Cloud
🔸 FTX sues Binance for $1.76 billion and accuses CZ of “reckless disregard” for FTX’s customers 🎎
💵 Finances and Economy
🔸 Bernstein wrote a meme to the investors: "Buy everything you can"
🔸 'Bitcoin strategic reserve unlikely under Trump' says Mike Novogratz
🔸 Italian Prime Minister Giorgia Meloni could accept a proposal for a 28% tax hike on crypto rather than a 42% 🇮🇹
🔸 MicroStrategy buys another 27,200 BTC for $2 billion
⚖️ Law and Order
🔸 Helix mixer operator gets 3 years in prison for laundering 350,000 BTC
🔸 UK government will introduce legislation on stablecoins and staking later this month
🔸 Bitfinex hacker sentenced to 5 years in prison 👮
🔸 Man arrested in connection with $235 million WazirX exchange hack
🔸 FBI has seized the phone and electronics of the CEO of Polymarket
🗣 Personalities
🔸 ARK Invest CEO Cathie Wood predicts Bitcoin will reach $1.5 million by 2030
🔸 Manhattan US Attorney's Office will reduce its pursuit of crypto cases, prosecutor says
🔸 CZ and Vitalik appeared at devcon Bangkok to watch presentations by DeSci projects