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🧙‍♂️ #FTX settled its $24 billion tax claim with the IRS in bankruptcy court for $200 million. 🧙‍♂️ This compensation will be paid within 60 days after the company's proposed restructuring plan comes into effect.

🧙‍♂️ #FTX settled its $24 billion tax claim with the IRS in bankruptcy court for $200 million.

🧙‍♂️ This compensation will be paid within 60 days after the company's proposed restructuring plan comes into effect.

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Binance Announced the Giveaway Campaign to Distribute 200 BNB! #Binance announced that it has registered over #200million users on its official X account. The giant exchange also stated that it aims to reach the target of one billion global users. However, to celebrate reaching 200 million user registrations, Binance announced that it is launching a limited-time 200 BNB giveaway campaign to reward the community. Details are in our news.. #Binance , the world's largest cryptocurrency exchange, recorded more than 130 million global users in 2022, according to data. The number increased by 40 million, reaching 170 million in 2023. The numbers increased again to over 30 million in six months (2024). The company's wide range of products (added over the last seven years) has contributed to its rising performance. This is evident across product lines such as spot trading, futures trading, decentralized finance (DeFi) solutions, staking, lending, and more. Its wide range of products has attracted the interest of a variety of customers, including institutional and individual investors. The latest forecast predicts that the company's global user base will reach 300 million in 2026 if its current growth rate continues. However, to celebrate reaching #200million user registrations on the official X account, Binance announced that it is launching a limited-time #200BNB giveaway campaign to reward the community. We have compiled the event details shared by the stock exchange for you. Activity Period: 10 June 2024 at 11:00 CEST and 15 June 2024 at 11:59 CET Step 1: Visit the landing page. Step 2: Click the “Do” button next to the task. Step 3: Complete tasks during the Event Period to obtain the relevant number of Event attempts. Other ways to complete a quest will be deemed invalid. Step 4: Click “CONTINUE” on the landing page to try an Event. The cursor will rotate and settle on a square representing the result of the experiment. $BTC
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Bitcoin Leads With $1.97 Billion Institutional Inflows Through ETF Approvals Following the approval of the Spot Bitcoin ETF, institutional interest in Bitcoin has reached unprecedented levels. While Grayscale funds finished the week with small losses, other ETF issuers saw significant inflows. Overall, digital asset products attracted $2 billion, bringing the five-week total inflow to an impressive $4.3 billion. Ethereum (ETH) has also received increased institutional attention, thanks in large part to positive regulatory action from the U.S. Securities and Exchange Commission (SEC). Last week saw the highest inflows since March, indicating institutional investors' confidence in Ethereum's long-term potential. Hong Kong's ETF market experienced a huge surge in interest last week, resulting in a remarkable $26 million in inflows on top of previous smaller inflows. The region's evolving regulatory environment appears to be attracting global capital into local crypto investment products. Bitcoin (BTC) remained the most popular option for institutional investors, garnering a significant $1.97 billion in inflows. This consistently strong performance reinforces Bitcoin's status as the dominant digital asset in the market. Concurrently with Bitcoin, Ethereum (ETH) also remained attractive among investors, raising $68.9 million in new funding. This continued interest signals Ethereum's strong network development and widespread adoption in decentralized finance (DeFi) applications. While Bitcoin and Ethereum received major investments, other cryptocurrencies such as #Solana (SOL), #Fantom (FTM), #Chainlink (LINK), #Ripple (XRP) and #Litecoin (LTC) also attracted the attention of institutional investors. Solana saw an inflow of $700, while Chainlink, Ripple, Fantom, and Litecoin received $700,000, $1.2 million, $1.4 million, and $700,000 respectively. In particular, Fantom's rise to prominence with an investment of $1.4 million emphasized its increasing recognition. $BTC $SOL $LINK
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New move from Bitcoin whales: How does it affect the price? With the decrease in volatility in Bitcoin (BTC), ochain data shows that investors expect an increase. According to Ki Young Ju, founder of crypto analysis platform CryptoQuant, Bitcoin whales are signaling a potential uptrend by opening long positions at the $69,000 level. This move shows major investors' confidence in Bitcoin's future price trajectory amid its ongoing accumulation process. The data shared by another analyst, Ali Martinez, also supports the positive outlook. In an X post on June 7, Martinez noted an increase in the Bitcoin buying-selling rate on the HTX cryptocurrency exchange. The ratio rising to 730′ indicates overwhelming buying pressure and strong bullish sentiment among traders. This increase in purchasing activity indicates a potential upward move in Bitcoin price in the near term. The remarkable data came after a report from CryptoQuant that found an increase in Bitcoin demand. The report stated that accelerating demand growth is necessary for a sustainable price rise, implying that Bitcoin may experience a price increase soon. It is worth noting that the current activity of #Bitcoin whales mirrors their movements in 2020, just before the price rose from $10,000 to over $60,000. At the time, BTC had been hovering around $10,000 for six months. Additionally, as reported by Finbold, Martinez detected a break in the daily active address trend on Santiment. On June 8, Martinez observed a significant increase, with 765,480 Bitcoin addresses becoming active in the last 24 hours. This increase in active addresses is interpreted as a positive sign that the bull run of the cryptocurrency market continues. $BTC
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