URGENT VIP CRYPTO NEWS :
💰 Bitcoin miners rise 10% after Trump promises to back US miners
Bitcoin (BTC) mining stocks soared double digits on Wednesday a day after United States presidential candidate Donald Trump promised to bolster mining operations in the country. Trump said he wants “all the remaining Bitcoin to be MADE IN THE USA!!!” adding it would help the country be “ENERGY DOMINANT” in a June 12 post, which came shortly after a meeting he hosted with some of the industry’s top executives.
🪙 Tether to reveal new product line as part of $1 billion investment strategy
Tether CEO Paolo Ardoino revealed that the company would launch a new class of digital asset products on June 17. While specific details about these products are still under wraps, the move reflects Tether’s expanding influence and ambitions in the financial sector. In May, Ardoino hinted at the company’s plans to emulate USDT’s success by eliminating monopolistic intermediaries in financial markets.
💰 World's Largest Bank ICBC Sees Bitcoin as Digital Gold — Calls 🪙 Ethereum 'Digital Oil'
The Industrial and Commercial Bank of China (ICBC), the world’s largest bank by total assets, recently compared bitcoin to digital gold and labeled Ethereum “digital oil” in a report. The bank emphasized the roles of these cryptocurrencies in the digital economy and their contributions to technological advancements.
💰 Terraform agrees to pay $4.47 billion in proposed judgment with the SEC
Terraform Labs agreed to pay $4.47 billion in fines after reaching a settlement with the U.S. Securities and Exchange Commission over its algorithmic stablecoin that fell dramatically in 2022. The SEC filed a "proposed final consent judgment" on Wednesday, asking Judge Jed Rakoff of the U.S. District Court for the Southern District of New York to approve the plan.
