Stories in the crypto space today:
- Bybit x Blockchain for Good Alliance Collaboration : Bybit, a top-three crypto exchange by volume, collaborated
with the Blockchain for Good Alliance on an alpha-packed livestream. The event, "The Web3 WAGMI Race: Who's Gonna Make It?" aimed to promote the adoption of Web3 technology and its potential to drive positive change .
- U.S. CPI Data Release: The U.S. Consumer Price Index (CPI) data for May was released, showing a flat reading that defied expectations of a rise in inflation. This news positively impacted the crypto market, with Bitcoin ($BTC ) price surging to $69,200.
- Donald Trump's Call for U.S. Bitcoin Mining: Former President Donald Trump has called for all remaining Bitcoin to be mined within the United States. This statement comes amid a broader discussion on the environmental impact of Bitcoin mining.
- AI and Crypto Integration: A recent report suggests that the integration of cryptocurrency and artificial intelligence could potentially add $20 trillion to the global GDP. This projection is based on the idea that AI can enhance the efficiency and security of crypto transactions ².
- Terraform Labs' $4.47 Billion Settlement with SEC: Terraform Labs has agreed to pay $4.47 billion to settle a lawsuit with the United States Securities and Exchange Commission (SEC). The lawsuit was filed in 2023, accusing Terraform Labs and its co-founder, Do Kwon, of selling unregistered securities and defrauding investors after the collapse of the Terra ecosystem in 2022.
