The number of subscribers to the Bitcoin and Ethereum subreddits has reached a record
The total number of subscribers of the leading crypto communities on Reddit - r/Bitcoin and r/Ethereum - has reached a new all-time high of 7 million users.
From June 4 to June 11, the section dedicated to the first cryptocurrency received more than 364,000 subscribers. The Ethereum community attracted 461,000 users during the same period.
The SEC's legal proceedings with the two largest crypto exchanges likely attracted the community's interest.
The volume of the DFA market in the Russian Federation reached 4.6 billion rubles
As of mid-June, the total volume of digital financial assets (DFAs) issued in Russia amounted to about 4.6 billion rubles. At the same time, more than 45% of the total emission came from the Atomyze platform, its representatives told ForkLog.
The company has issued tokens worth more than 2.1 billion rubles.
The number of illiquid Bitcoin coins is growing steadily
According to specialists from Glassnode, the “supply of illiquid bitcoins” continues to grow at a rate of 119 thousand BTC per month.
This suggests that coins continue to be concentrated in illiquid wallets “with a rare spending history.” Analysts believe this means only one thing - HODLing remains a primary market dynamic.
Traders and investors prefer to store their bitcoins in wallets.
Lookonchain noticed that immediately after the deposit, an investor under the nickname czsamsun.eth shorted the coin on the Aave V2 DeFi protocol. He borrowed 31,544,278 USDT and immediately exchanged it for 31,475,408 USDT at a rate of $0.9978.
Another user took advantage of the drop in the stablecoin rate by borrowing USDC to buy USDT and repay the loan in the coin.
Another whale borrowed 50 million USDC on Aave for arbitrage of the stablecoin from Tether. He converted the assets into USDT in several batches.
A subsidiary of Animoca Brands Be. and the AFL football league announced the launch of new NFTs
A subsidiary of Animoca Brands Be. and the Australian Football League (AFL) have announced that AFL Mint's Throwbacks Series has successfully launched on 15 June 2023. Kits are available from $29 Australian Dollars (AUD) at AFL Mint. Collectors can purchase memorabilia starting at $20.
This digital collection features NFTs that capture iconic moments for League players and teams.
British Prime Minister Rishi Sunak presented a plan for the development of AI in the country, for which the government plans to allocate £100 million ($125 million).
As part of the initiative, the authorities will create a scholarship fund and a corresponding task force of experts. Thanks to the funding, the UK will be able to become a hub for the AI industry.
The main directions will be developments in agriculture and healthcare.
TWT cryptocurrency increased in price despite market movements
On June 15, the value of the Trust Wallet Token (TWT) cryptocurrency increased by 10.1% over the past day. This price movement was surprising for many, given the falling capitalization of the entire industry.
Thus, the TWT rate was fixed at $0.829, which allowed the digital currency to rise to 87th place in the list of the world's best crypto assets. Market capitalization was $345.56 million, and daily trading volumes were $88.51 million.
Cryptobot earned $3 after raising a $200 million flash loan
The bot used the ‘DssFlash’ contract of the MakerDAO DeFi platform. The limit is limited to ~$500 million
The bot then deposited assets on Aave V2, borrowing ~$2350 in WETH. The wrapped ether was subsequently used to purchase Threshold Network (T) on the Curve platform
Having completed the arbitrage cycle, the bot sold tokens on the Balancer DeFi platform, making a profit of 0.019 ETH (~$33). Transaction costs and commissions reduced net profit to $3.24
PeckShield analysts reported that the decentralized trading platform Hashflow was hacked for an estimated $600,000.
According to experts, the vulnerability is related to approvals of operations in the cross-chain bridge of the protocol. The Hashflow service offers cross-chain exchange of various digital assets.
According to Etherscan, the address of the protocol deployer came under attack. The exploit itself affected contracts on the Ethereum, Arbitrum, BNB Chain, Polygon and Avalanche networks.
MakerDAO plans to abandon $390 million in GUSD reserves
The MakerDAO platform may soon abandon $390 million worth of GUSD stablecoin reserves. The community is currently voting on this issue. 94% of participants support the idea. But in January, voting on this issue already took place. Then, at the last moment, there was an influx of large holders who voted in favor of maintaining GUSD.
Now MakerDAO owns 88% of GUSD ($568 billion) of their total turnover.
The US Department of Justice agreed to drop some of the charges against Sam Bankman-Fried
On June 14, the US Attorney's Office for the Southern District filed a motion with the court agreeing to drop 5 of the 13 counts of the indictment against SBF. The department explained this by the fact that the proceedings in the Bahamas could be significantly delayed.
Yesterday, June 14, the Supreme Court of the Bahamas sided with Bankman-Fried's lawyers. SBF received the right to defend the dismissal of a number of charges.
Financial marketplaces in the Russian Federation were allowed to issue digital financial assets
On June 14, the State Duma adopted in the third reading a law allowing operators of financial platforms to issue or exchange digital financial assets. Interfax reports this.
Through such marketplaces, citizens can receive banking and insurance services, services on the securities market, and also make transactions with financial instruments.
The law will come into force on the date of official publication.
The Fed did not raise interest rates for the first time in 15 months
The Fed did not raise the interest rate, leaving it at 5.25%. The regulator gave a break for the first time after 15 months of continuous “tightening the screws.” But they also noted that they do not exclude at least one more rate increase in 2023, after which a reduction is possible.
The department also emphasized that they continue to focus on an inflation rate of 2%.
Crypto broker FPG suspended payments after losing $15 million
Prime broker Floating Point Group has suspended trading, deposits and withdrawals following a “cybersecurity incident”. The damage was preliminary estimated at $15-20 million.
After identifying problems on June 11, the team blocked all accounts and transferred funds to new wallets until the extent and circumstances of the hack were clear. Account segregation limited the overall impact of the attack.
Voyager will open an application for paying customers
Voyager Digital will relaunch its platform, which has been down since last year. This is necessary to receive applications and make payments to clients. In the application, users will be able to find out the projected amount of initial distributions and other information.
According to court documents, the platform is scheduled to relaunch between June 20 and July 5. Clients will receive a separate notification by email.