In late January, the price of the new XAI cryptocurrency on the blockchain increased by 150%. While some observers attributed this largely to the initial $140 million airdrop, others suggested that at least part of XAI's impressive run was due to the similarity in name to Elon Musk's AI-focused startup xAI. Apparently, some people mistakenly thought that the crypto token was associated with this enterprise.
🤓 Marathon Digital will heat houses in Finland using mining
Marathon Digital Holdings has launched a new 2 megawatt (MW) pilot project in Finland.
As part of the initiative, residential buildings will be heated using heat generated by BTC mining.
The project will focus on centralized water heating, which will be used to heat the homes and surrounding areas of 11,000 residents.#Bitcoin #binance $BTC
Binance was fined $2.2 million for providing services to Indian customers without complying with national anti-money laundering regulations.
In 2024, Binance and several other offshore cryptocurrency exchanges were banned in India for illegal activities.
However, in May Binance have received approval from the Financial Intelligence Unit of India subject to payment of appropriate fines.#binance #Bitcoin $BNB
Media: Prime Minister of Montenegro was one of the first investors in LUNA
According to Vijesti, Montenegrin Prime Minister Milojko Spajic was one of the first investors in Terraform Labs.
Court documents published by the US Securities and Exchange Commission (SEC) show that Spajic invested $75 thousand in April 2018 to purchase 750 thousand LUNA tokens.
Previously, the official claimed that he had never personally invested in LUNA. According to him, this was done by the company Das Capital SG, where he worked from 2017 to 2020.
DLNews: Lens protocol was promised millions of dollars for developing its own network based on ZKSync
According to DLNews, representatives of ZKsync promised to provide the Lens social protocol with a significant amount of ZK tokens in order for the project to launch its chain based on ZKSync.
According to rumors, Lens promised to allocate about 0.5% of the total supply of ZK tokens (approximately $22.4 million).
So far Lens has already received about 5.6 million ZK, which is approximately $3 million.#Bitcoin #binance #DeFi $ZK
Consensys reported that the SEC closed its investigation into Ethereum 2.0
Consensys (the developer of MetaMask) announced that the Securities and Exchange Commission (SEC) has dropped its investigation into Ethereum 2.0.
This means that selling ETH is not a security transaction.
On June 7, Consensys asked the SEC to confirm that the approval of the Ethereum ETF marks the end of the investigation into Ethereum 2.0.
The MetaMask case is still ongoing. The Company will dispute the allegation that its exchange and staking software and interfaces violate securities laws.#Ethereum #binance $ETH
Binance will list ZK and distribute tokens to some users who did not receive a drop from the project
Binance announced that it will list ZKsync (ZK) and conduct a token distribution program.
Starting at 8am UTC, the ZK token will be available for spot trading against BTC, USDT, FDUSD and Turkish Lira.
Binance will also distribute 10.5 million ZK tokens to approximately 52,500 users.
To be eligible for the airdrop, users must initiate at least 50 ZKsync Era transactions between February 2023 and March 2024. However, these transactions must be spread over at least seven different months. In addition, users should not have received ZK tokens through an official drop.
The first distribution is scheduled for June 25th.
Previously, the community has repeatedly called ZKsync a scam due to an unfair airdrop.#binance #AirDrop
There is not a lot of data for analysis, but even from it it is clear that on the eve of the summer period the fund reduced the volume of purchasing activity.
The peak of purchases occurred in mid-MARCH. It was then that the price reached a historical high of $74,000.
This is not a stupid purchase at the most expensive prices! There are no simpletons at BlackRock. The fact is that a buyer can buy a large volume from a large LONG-TERM seller only on GROWTH, and often at MAXIMUM prices. Otherwise, the seller remains to hold further.
So the picture emerges that the buyer has satisfied his appetite, and at a price of 60-74k there will no longer be a major sale.
Either go below 60-55-50, collecting volume in a panic, or = above 80k, unpacking new holders.
And yes, I was not mistaken 😇. Holders only sell out when there is strong growth. Only hamsters' paws tremble in panic drains😉#BTC #Ethereum $BTC $ETH $BNB
🔥 Bloomberg: Terraform Labs agreed to pay $4.47 billion fine in case against SEC
According to Bloomberg, Terraform Labs has agreed to pay $4.47 billion to settle a lawsuit filed by the US Securities and Exchange Commission (SEC).
The SEC asked a federal judge to approve the settlement with Terraform, which was reached after a jury found the company and Do Kwon guilty.#Bitcoin #Ethereum $LUNA $LUNC $USTC
my favorite token is $GLMR I think this project is very underestimated I keep it, I keep buying more average purchase price 0.17 I believe in the project where am I waiting? Dollars 5-10 minimum. viola season will show everything who doubtful we put
US presidential candidate Donald Trump met with Bitcoin Magazine CEO David Bailey and several prominent miners in the US.
In particular, representatives of CleanSpark, Riot Platforms, Marathon Digital and others attended the meeting.
Trump told meeting participants that he loves and understands cryptocurrencies. In his opinion, mining helps stabilize energy supply in the energy system.
He has also committed to speaking on behalf of miners in the White House and defending mining both in Washington and on the world stage.
The price of BITCOIN began to decline more actively on the eve of the Fed meeting.
Traders are restless because over the previous 3 months the price has not overcome the previous 3 peaks of growing impulses.
As we can see from the statistics of daily transactions of ETF funds (table☝️), since June 4, the purchase volume has dropped from +12500 to -900 Bitcoins per day.
The decline is natural, but it’s too early to talk about panic and sales in BTC, which cannot be said about Altcoins, which for the most part already show -50% from the 2023 high💰🔥 buy and hold 💪💪💪💪💪💪💪💪👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍#BNB 3320221 5313#Bitcoin