LIVECOINNEWS
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breaking news & the latest updates in the world of cryptocurrencies
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Bitwise has launched its first-ever Ether (ETH) exchange-traded fund commercial, and it's not just any ad, it's a mintable NFT! 🎥 The 39-second clip, themed around Ethereum's 24/7 operation versus "Big Finance's" bedtime, is being hailed as a "piece of crypto history." The ad features a dialogue between a young, casually dressed man representing Ethereum and an older man, symbolizing traditional finance, ready for bed after a hard day's work. Half of the NFT proceeds will go to Protocol Guild, an Ethereum collective funding mechanism, while the rest will be split between the ad's actors. So far, 1,198 mints have been made by 530 unique minters. Now that's what we call a blockbuster!
Roaring Kitty, aka Keith Gill, is back in the game, causing a whirlwind in the stock market. His re-emergence on May 13 led to a 180% surge in GameStop’s stock. However, the firm's announcement of selling 45 million shares and predicted losses saw the stock plummet by over 30%. Not deterred, our feline friend held a livestream on June 6, causing shares to soar 80%. But, the party was short-lived as shares tumbled by over 50% on the report of a first-quarter loss of over $32 million. This cat and mouse game is entertaining, but the gamification of markets is a risky business. 😼📉
🚀 Gemini Exchange is making political waves, launching a campaign finance project to back pro-crypto candidates in the upcoming US Presidential election. This follows a hefty $2M donation from the Winklevoss twins to Trump's re-election campaign. Tyler Winklevoss didn't mince words, criticizing the Biden administration's approach to crypto. Meanwhile, Coinbase's "Stand with Crypto" PAC has rallied 1M pro-crypto voters. The Bitcoin Voter Project is also on the scene, aiming to educate the public about Bitcoin. Lastly, Fairshake, a crypto super PAC, has amassed $169M to challenge anti-crypto politicians. It's Cryptopolitik 2024, folks!
🍁 Canadian digital asset manager, 3iQ, is making moves! They've filed for a Solana (SOL) exchange-traded product (ETP) listing on the Toronto Stock Exchange (TSE). If approved, this would be the first Solana ETP in North America. But wait, there's more! QSOL, as it's known, won't just offer exposure to SOL, but also the chance to earn interest from SOL staking yields, currently ranging between 6-8%. Coinbase Custody and Tetra Trust are on board as custodians. 3iQ, already behind several successful funds, is clearly not here to play games!
🏛️ Kraken and the SEC are playing a high-stakes game of "Are we or aren't we?" in court. The SEC is arguing that digital assets on Kraken could be securities, while Kraken's lawyer is saying, "Hold up, not so fast!" The judge seems to be leaning towards the SEC, but hasn't made a final call yet. Meanwhile, Kraken's lawyer is insisting that crypto should play by the same rules as everyone else. In the background, Ether is watching nervously, as it's been in the SEC's crosshairs before. Stay tuned for the next episode of "As the Crypto World Turns." 🍿
🎬 NBCUniversal is rolling out the red carpet for Web3! In a blockbuster deal with Aptos Labs, they'll be delivering fan experiences, loyalty programs, and gaming with a blockchain twist. Remember the bug-hunting game from "Renfield"? Or the AR filters and digital art for "The Exorcist: Believer"? That's Aptos magic! 🪄 And they're not stopping at Hollywood. With a proof-of-stake blockchain under their belt, Aptos is also powering the PancakeSwap crypto exchange and Chingari social media platform. So grab your popcorn, folks! The future of entertainment is Web3, and it's premiering now! 🍿
📉 HectorDAO, a decentralized autonomous organization, has filed for Chapter 15 Bankruptcy in the US after a series of market crashes and hacks left it penniless. The DAO's woes began with the collapse of the Terra Network in 2022, costing a whopping $16.4 million loss. Despite this, the DAO soldiered on until a $2.7 million hack in 2024 led to accusations of inside jobs and gross negligence. The DAO members voted to liquidate and hand over control to a neutral party, Interpath Advisory. Chapter 15 Bankruptcy allows entities with international investors to settle matters in US courts. 💸
🚀 Gemini's Winklevoss twins are putting their money where their mouths are, pledging a whopping $1 million in Bitcoin each to support former U.S. President Trump's re-election bid. Why? They're convinced Trump is the "pro-Bitcoin, pro-crypto, and pro-business" choice. They've even issued a call to arms for the "crypto army" to make their voices heard in Washington. Biden, they claim, has declared war on crypto. The stakes are high, the crypto is flowing, and the political landscape just got a lot more interesting! Stay tuned for more updates.
📉 Ether's (ETH) recent price consolidation around $3,500 has dampened hopes of a monthly options expiry above $4,000. This is despite initial bullish optimism driven by potential approval of a spot Ethereum exchange-traded fund (ETF). The SEC's ongoing review of ETF provider filings has kept bullish bets in check. Meanwhile, Ether bears got a surprise when the SEC concluded its investigation into Ether's classification as a security, easing a major regulatory concern. As we approach the June 28 options expiry, the market is bracing for a balanced outcome around $3,500. So, keep your popcorn ready, folks! 🍿
📺 "Is Tether the next FTX?" asks a new ad by Consumers' Protection, dubbing USDT the "go-to crypto for the world's worst." This comes amid concerns over Tether's unaudited reserves. The campaign also includes a Times Square digital billboard and mobile billboards in NYC and DC. While Tether is making consumer inroads, with a new app and PayPal's PYUSD, it faces regulatory challenges. Several exchanges are considering delisting USDT ahead of Europe's MiCA legislation. So, is Tether the next FTX? Stay tuned, crypto fans! 🍿
🎉 Italy's going full Sherlock Holmes on crypto! 🕵️♂️ To comply with the EU's MiCA regulatory framework, Italy's ramping up surveillance of digital asset markets to curb insider trading and market manipulation. Offenders could face fines from $5,400 to a whopping $5.4 million! Meanwhile, DeFi protocols are in a pickle - fully decentralize or submit to anti-money laundering and know-your-customer regulations. Binance and Uphold are already making moves to comply, with changes to stablecoin categorization and delisting. But don't fret, crypto enthusiasts! Despite the regulatory squeeze, experts believe stablecoins could be the superheroes of the future, potentially saving us from debt crises. Stay tuned!
Bitcoin's price has been playing limbo recently, but analysts believe it's done bending backwards. 🎪 According to Michael van de Poppe, BTC has likely hit its lowest point between $63,000 and $65,000. If the price holds above this level, we might see some upward momentum. "The reversal is on the horizon," he says. Fellow analyst Jelle agrees, saying BTC's local market structure is slowly shifting back to bullish. If the bulls lose the ongoing battle, they may retreat toward the 200-day EMA, which appears to be the last line of defense for BTC at $64,300. However, if the pattern continues, Bitcoin’s price could embark on a massive upward breakout toward its next key price level of $72,000 before potentially breaking its current all-time high price of $73,835, eventually making a run for $100,000, according to Jelle. So, buckle up, folks! The Bitcoin rollercoaster might be about to take off! 🎢
🚀 Solana, the macOS of blockchains, is on a roll! With a 60% increase in DEX volume in May, it's outpacing BNB, Ethereum, and Polygon. Thanks to its Apple-like approach of integrating hardware and software, Solana's active addresses have skyrocketed from 14,000 to 1.3 million. Not to mention, SOL's price has soared by 723% in the past year! But it's not all sunshine and rainbows, Solana's had its share of technical hiccups. However, with the upcoming Firedancer upgrade, network outages could be a thing of the past. Stay tuned!
🎙️In the latest Hashing it Out podcast, LightLink CEO Roy Hui spills the beans on the blockchain industry's current state. He notes the saturation of layer-1 and layer-2 networks, but hey, there's a silver lining - a vast untapped potential for real-world applications! Hui admits the space is getting a bit cozy, with fewer folks using onchain apps for daily activities. LightLink's solution? Focus on enterprise adoption and accelerate global Web3 tech adoption. Their secret sauce includes gasless transactions designed to woo Web2 users and enterprises. Hui also stresses the importance of community building and developer engagement. So, if you're into hackathons, airdrops, and a future where paying for bus rides with crypto is the norm, tune in! 🎧
In a twist worthy of a Hollywood script, Michelle Bond, whose partner is set to serve time for his role in the FTX fiasco, has launched a crypto-focused think tank, Digital Future. The goal? To create a "favorable regulatory environment" for fintech, digital assets, and AI in the US. 🎬 Bond, who has a rich history in the crypto world, believes US lawmakers are yet to pass impactful legislation on crypto and AI. Meanwhile, her partner, Ryan Salame, is preparing to swap his crypto charts for prison bars. Talk about a crypto soap opera!
🔍Crypto exchange Kraken has recovered nearly $3 million in digital assets that went missing due to a bug bounty exploit. The saga began when blockchain security firm CertiK, initially referred to as a "security researcher", discovered a vulnerability and withdrew the funds. Kraken accused CertiK of extortion, while CertiK claimed they were testing the limits of Kraken's protection and risk controls. After a public back-and-forth, the funds were returned, minus transaction fees. CertiK insists no user funds were at risk as the exploited funds were "minted out of air".
🚀AI-based cryptocurrencies Fetch.ai (FET) and SingularityNET (AGIX) are back in the game, rallying over 30% after a three-month slump. The reason? An upcoming merger with Ocean Protocol, forming a mega decentralized AI ecosystem. This move has investors buzzing like bees around a honey pot, anticipating big leaps in AI tech. Also, with Nvidia recently crowned as the world's most valuable company, the AI sector is hotter than a jalapeño in a heatwave. Both FET and AGIX have seen a yearly growth of over 300%, outpacing ETH. So, if you're betting on AI, these tokens might just be your winning horse! 🐎
📉 Bitcoin's (BTC) rollercoaster ride continues! After a brief flirtation with $66,455, BTC did an abrupt U-turn, dropping a cool $2,000. The culprit? Whales, according to trading resource Material Indicators. They've been playing with the order book, pulling buy walls and causing havoc. Meanwhile, the German government's confiscated BTC is on the move, sparking debate and hopeful whispers of a local bottom. On the macro front, US jobless claims are down, but crypto markets remain sensitive to employment data. So, buckle up, folks! The ride isn't over yet. 🎢
Bernstein analysts predict Bitcoin (BTC) could hit $200K by 2023, thanks to strong inflows into spot U.S. Bitcoin ETFs since their approval in January. They expect these ETFs to represent around 7% of circulating Bitcoin by 2025. Meanwhile, MicroStrategy, the biggest corporate BTC holder, continues to gobble up Bitcoin like a kid in a candy store, recently adding 11,931 BTC to its stash. If this trend continues, the company's holdings could represent 1.5% of Bitcoin's total supply by 2025. So, folks, buckle up! The Bitcoin rollercoaster is just getting started! 🎢
🎮 Solana's gaming infrastructure is in need of a power-up, says Mirror World CEO Chris Zhu. Despite the blockchain's popularity, game developers face challenges due to missing features like cross-chain swaps and on/off crypto ramps. Enter Sonic, a gaming rollup developed by Mirror World Labs, which recently raised $12m to boost its development. Sonic allows liquidity to remain on the mainnet while processing game logic, a feature welcomed by developers. Zhu aims for Sonic to support 12,000,000 transactions per second, enabling real-time gaming transactions. Game on, Solana! 🚀