An anonymous donor from the Bitcoin community has contributed 8 BTC, worth around $500,000, to aid in the travel expenses of WikiLeaks founder Julian Assange. This financial backing enabled Assange's return trip via a chartered flight, necessitated by his ban from commercial air travel. The Australian government managed the logistics of this costly journey, totaling $520,000, now a debt owed by Assange. Speculation abounds regarding the source of this significant BTC donation, with former kickboxer Andrew Tate hinted as a potential donor. Crypto researcher Iwan Rabbinstein suggested that Jack Dorsey, Twitter's founder and Block, Inc.'s CEO, might be the true benefactor. Dorsey's history of supporting causes aligns with this act of philanthropy. The donation not only raises questions about the donor's identity but also underscores the strong support Assange enjoys within the Bitcoin community, reflecting the broader narrative of BTC as a tool for social and political empowerment. Read more AI-generated news on: https://app.chaingpt.org/news

State Street Global Advisors has teamed up with Galaxy Digital to introduce new exchange-traded funds (ETFs) offering exposure to digital assets. The collaboration aims to go beyond traditional spot Bitcoin ETFs, catering to the growing interest from both institutional and retail investors. State Street's proposed SPDR Galaxy Digital Asset Ecosystem ETF will invest in publicly traded digital asset companies, including crypto exchanges, mining firms, and hardware wallet providers. Additionally, they plan to explore futures and spot ETF products. While some view this move as a step towards mainstream adoption of crypto assets, others like Nate Geraci find it surprising that State Street did not focus solely on spot Bitcoin and upcoming spot Ether ETFs. The partnership is expected to leverage State Street's expertise in administrative services for the digital asset ETFs developed by SSGA and Galaxy Digital, marking a significant milestone in the evolving landscape of digital asset investments. Read more AI-generated news on: https://app.chaingpt.org/news

A Bitcoin wallet from the Satoshi era, dating back to 2010, recently became active after 14 years, transferring 50 Bitcoin to the Binance exchange. This era, spanning from 2009 to 2011, marked the time when Satoshi Nakamoto, the pseudonymous creator of Bitcoin, was engaged in online forums. The wallet, associated with a BTC miner who earned 50 BTC in July 2010, contains some of the earliest mined Bitcoin when the reward per block was 50 BTC. Despite the current reward dropping to 3.125 BTC, the miner received the 50 BTC when Bitcoin was valued at $0.05. The movement of crypto to centralized exchanges, like Binance, is often viewed as bearish, indicating potential asset selling. The rise of industrial-scale Bitcoin mining has intensified competition, making it challenging for individual miners to succeed. This trend has led to the awakening of dormant wallets from the Satoshi era, reflecting the evolving landscape of cryptocurrency mining and trading. Read more AI-generated news on: https://app.chaingpt.org/news

In the PolitiFi meme coins market, MAGA Hat (MAGA) and Donald Tremp (TREMP) have emerged as top gainers alongside Trump Mania (TMANIA). These meme coins have experienced significant double-digit surges in the past 24 hours, outperforming tokens like Constitution DAO, TRUMP, and BODEN. MAGA is currently trading at $0.0003611, marking a 20.5% increase in the last 24 hours and a 49% rise over the week. On the other hand, TREMP is priced at $0.7933, showing an 18% surge in the past day and a 13% increase over the week. The market uptrend is attributed to the anticipation surrounding the upcoming US presidential candidate debate. With meme coins inspired by former President Donald Trump dominating the top 10 political meme coins, the sector is bracing for potential volatility. While Trump has been hailed as a crypto advocate, Biden's stance on crypto remains uncertain despite recent developments hinting at a shift in approach. Read more AI-generated news on: https://app.chaingpt.org/news

Marathon Digital, a Bitcoin mining company, has ventured into mining Kaspa (KAS), a layer-1 proof-of-work coin, generating 93 million KAS by June 25. This move aims to diversify revenue streams, as stated by Adam Swick, Marathon's chief growth officer. Kaspa, ranking as the fifth-largest PoW coin globally, offers faster transactions than Bitcoin due to its BlockDAG mechanism. Marathon has acquired 60 petahash of Kaspa ASICs, with a projected 95% profit margin. Currently operating at 50% capacity in Texas, Marathon plans to have full capacity by Q3 2024. With a circulating supply of 24 billion KAS and a block reward of 103.83 KAS, Kaspa's market cap exceeds $4.1 billion. The price of KAS was up by 9% to $0.175, showcasing the potential of this new venture. Read more AI-generated news on: https://app.chaingpt.org/news

Update (June 26 at 6:07 pm UTC): An earlier version of this article incorrectly stated that Shomari Figures won a primary in the state of California. It has been corrected to a primary in Alabama. Jamaal Bowman, a House Representative for New York’s 16th Congressional District, lost the Democratic primary, jeopardizing his seat in 2025. Democratic challenger George Latimer is projected to defeat Bowman by 58%–42%. The Fairshake PAC spent over $2 million opposing Bowman, citing 'dangerous conspiracy theories' rather than his stance on pro-crypto bills. Bowman's loss was attributed to significant opposition spending, including $17 million from interest groups. In a similar vein, Rep. John Curtis won the Republican primary for the U.S. Senate, supported by Fairshake's affiliate PAC. The influence of crypto-backed funds in political races is evident, with Fairshake's media campaigns impacting voter decisions. The 2024 election landscape is being reshaped by crypto-influenced political dynamics. Read more AI-generated news on: https://app.chaingpt.org/news

Cryptocurrency exchange Bitstamp is getting ready to comply with Europe's Markets in Crypto-Assets Regulation (MiCA) by removing Tether's euro-pegged stablecoin, EURT. Bitstamp, an early adopter of EURT in November 2021, will delist it before June ends to adhere to MiCA, effective on June 30. EURT, launched in 2021 by Tether, lags behind USDT in market value, currently at $33 million compared to USDT's $110 billion. Bitstamp's UK managing director, James Sullivan, supports MiCA's goal of standardizing crypto regulations in the EU. Bitstamp will continue trading USDT and USDC but restrict new EMTs that don't meet MiCA standards. Uphold, on the other hand, chose to delist USDT and other stablecoins to comply with MiCA. Tether's CEO criticized MiCA in May 2024, expressing reluctance to operate under its regulations. Read more AI-generated news on: https://app.chaingpt.org/news

Bitcoin's price has been under pressure, dropping over 5.5% in the past week to hit a six-week low of $58,400 on June 25. Market data from Glassnode indicates that the spot price fell below the cost basis of short-term holders, raising concerns about a deeper correction. The breach of the $64,000 level on June 23 pushed Bitcoin below the short-term holder realized price. Additionally, the recent drop almost brought the price below the cost basis of 3 to 6-month holders. Despite this, some US-based Bitcoin ETFs saw minor inflows on June 25, with Fidelity's ETF leading in net inflows. However, Grayscale's ETF experienced a significant outflow. The overall trend shows a mixed sentiment in the market, with some funds seeing inflows while others face outflows. It's essential for investors to conduct thorough research before making any investment decisions. Read more AI-generated news on: https://app.chaingpt.org/news

A significant $9.25 billion worth of Bitcoin (BTC) options are set to expire on June 28, marking the end of the first half of 2024. This expiry is crucial as it is historically the second largest in all markets, including traditional finance. Concerns arise as tech giant NVidia has seen a 12% decline since its peak on June 20. Despite bullish bets placed at $70,000 or higher post-Bitcoin halving, recent market weakness has rendered these options worthless. Macro data supports Bitcoin bulls, with potential aggressive rate cuts and stimulus campaigns. Market dynamics resembling 2021 hint at a possible bear market, urging more participation for sustainability. Deribit leads the June BTC options market with $6.65 billion open interest. The put-to-call ratio suggests an imbalance, with scenarios indicating the need to maintain $60,000 support to avoid unfavorable outcomes on June 28. Read more AI-generated news on: https://app.chaingpt.org/news

Bitcoin (BTC) has been trading within a wide range of $56,552 to $73,777, with buyers near support and sellers near resistance. A solid trigger is needed for a breakout. Despite attempts to push the price down, buyers defended support levels, hinting at a potential recovery. Investors are accumulating again after recent weakness. Altcoins' recovery depends on Bitcoin's performance. Ethereum (ETH) struggles near $3,000 support, while Binance Coin (BNB) faces resistance at $597. Solana (SOL) battles to stay above $116, XRP (XRP) fights to hold $0.46, and Dogecoin (DOGE) aims for $0.13. TONcoin (TON) eyes $8.29 resistance, Cardano (ADA) remains range-bound, Shiba Inu (SHIB) faces bearish pressure, and Avalanche (AVAX) targets $20 support. Market movements are uncertain, and caution is advised. Read more AI-generated news on: https://app.chaingpt.org/news

A federal jury in Greensboro, North Carolina, has convicted Remy St. Felix of leading violent home invasions to steal victims' cryptocurrencies. St. Felix faced multiple charges, including conspiracy and kidnapping, for targeting individuals for their crypto assets. The trial revealed an international conspiracy orchestrated by St. Felix and his accomplices, involving physical violence and intimidation to access victims' crypto holdings. Despite attempts to cover their tracks, law enforcement agencies, led by the FBI, successfully apprehended the criminals. Bing Wang, Head of Legal at BasedVC, highlighted the transparency of blockchain technology aiding in tracking stolen crypto. This case underscores the risks associated with cryptocurrency ownership and the importance of security measures in the crypto space. Read more AI-generated news on: https://app.chaingpt.org/news

The Bank for International Settlements (BIS) is encouraging central banks to integrate artificial intelligence (AI) to manage economic and financial risks. In a preview of its 2024 Annual Economic Report, the BIS highlighted AI's potential impact on inflation trends and advised policymakers to incorporate AI for financial and price stability. The BIS Innovation Hub is actively testing AI in collaboration with central banks, exploring applications like detecting money laundering and enhancing cyber resilience. While AI can improve lending and payments, it also poses risks such as cyberattacks. Central banks can leverage AI for better predictions of economic variables, but human oversight is crucial. AI's broader implications on labor markets, productivity, and economic growth are also discussed. Despite the benefits in the financial sector, AI introduces new risks like cyberattacks. CryptoSlate, a leading source for crypto news, provides essential updates on Bitcoin, DeFi, and AI, emphasizing the importance of due diligence in cryptocurrency trading. Read more AI-generated news on: https://app.chaingpt.org/news

Cloud computing provider CoreWeave has strengthened its collaboration with Bitcoin miner Core Scientific by opting for additional infrastructure for its NVIDIA GPUs. This decision will bring an extra $1.225 billion to Core Scientific's income. Core Scientific will enhance its Austin facilities to provide 70 MW of infrastructure for CoreWeave by the second half of 2025. CoreWeave will finance the required capital investments. This move adds to the previously agreed upon 200 MW, totaling $3.5 billion over 12 years. Core Scientific's CEO, Adam Sullivan, expressed intentions to expand their hosting business and mining capacity. Similarly, Canadian miner Hive Digital Technologies reported an 8% revenue increase, focusing on HPC services for various industries. Both companies are capitalizing on the growing demand for data center infrastructure in the crypto and AI sectors. Read more AI-generated news on: https://app.chaingpt.org/news

Ava Labs, the company behind the Avalanche blockchain, is utilizing its network to offer intellectual property management solutions to South Korean K-pop artists. The K-pop industry is forecasted to reach a $20 billion valuation by 2031, encompassing ticket sales, sponsorships, and merchandising. Justin Kim of Ava Labs in South Korea highlighted the necessity for artist protections and how blockchain technology can provide transparency and efficiency. This issue extends to live music events, where venues and ticket companies may underreport sales, impacting artist earnings. Protecting intellectual property rights is crucial in the digital age, with blockchain solutions like Overlai embedding invisible watermarks in visual content metadata. Audius, a decentralized music platform, empowers artists to manage their IP using Web3 tools. Notably, musicians like Ghostface Killah and Megadeth are exploring blockchain's potential by releasing NFTs for unique fan experiences. Read more AI-generated news on: https://app.chaingpt.org/news

Brazilian neobank Nubank has collaborated with payments platform Lightspark to introduce the Bitcoin Lightning Network to its 100 million customers in Latin America. Lightspark, in partnership with Nubank, is commencing the Lightning integration process, including mapping and developing potential products, with more details to follow. Additionally, Lightspark will incorporate the Universal Money Address standard, enabling users to transfer money using an email-like address. This initiative aligns with Nubank's strategy to provide faster and cost-effective blockchain transfers, as stated by Thomaz Fortes, Nubank Cripto's executive director. The integration marks a significant milestone for the Lightning Network, enhancing network usage when most crucial. Nubank, supported by Warren Buffet's Berkshire Hathaway, offers trading in 14 cryptocurrencies and recently partnered with Circle to broaden access to USD Coin. With a customer base primarily in Brazil, Nubank's crypto services have gained traction, with a notable focus on Bitcoin allocation and facilitating cryptocurrency trading in various Latin American currencies. Read more AI-generated news on: https://app.chaingpt.org/news

As domestic club football seasons conclude, football fans eagerly anticipate the 2024 European Championships and Copa America. With nearly 100 games scheduled, the crypto betting industry is gearing up for a surge in activity. The influx of tech-savvy bettors opting for crypto sites over traditional platforms has propelled the crypto gambling industry to new heights. Football betting, which constitutes 70% of all sports bets, plays a significant role in this growth. The upcoming tournaments offer a plethora of betting options, including in-play bets and unique markets, attracting bettors worldwide. With competitive odds, diverse betting options, and modern features like cash out and 'build a bet,' crypto betting sites are revolutionizing the gambling experience. The Euros and Copa America promise an exciting summer of football, with favorites like England, France, Argentina, and Uruguay vying for glory in front of passionate fans. Read more AI-generated news on: https://app.chaingpt.org/news

Uzbekistan's National Agency for Perspective Projects (NAPP) clarified the legal status of the Hamster Kombat game, stating that in-game tokens are not actual cryptocurrencies and are not blockchain-based. While playing the game is allowed, selling in-game tokens could pose issues due to local regulations. The NAPP mentioned the possibility of tokens moving to the blockchain in the future, potentially becoming a crypto asset. Players will only be permitted to sell tokens once approved as a crypto asset and listed on a regulated exchange. Hamster Kombat, a popular tap-to-earn game, has gained significant traction but may face challenges if tokens are sold prematurely. The game's resemblance to Notcoin, another Telegram-based game in the TON ecosystem, has drawn attention. Recent reports of players facing legal consequences for token sales highlight the need for regulatory compliance in the crypto gaming space. Read more AI-generated news on: https://app.chaingpt.org/news

The cryptocurrency industry in Iceland is progressing but has not yet reached its full potential. Gulli Gislason, CIO at Viska Digital Assets, discussed the country's unique advantages and challenges. Iceland's 2008 banking crisis led to increased interest in cryptocurrencies and blockchain technology due to capital controls. Despite airdropping Auroracoin to its citizens, Iceland still lags in crypto adoption and education. The country's renewable energy sources, including geothermal, hydropower, and wind power, make it ideal for Bitcoin mining. However, challenges such as energy shortages and environmental concerns exist. Viska Digital Assets focuses on investments with liquidity and technology-driven sectors. Gislason is optimistic about the industry's future, citing increased mainstream adoption and participation from major players like BlackRock. Iceland's crypto industry shows promise but must overcome obstacles to thrive. Read more AI-generated news on: https://app.chaingpt.org/news

Australian cryptocurrency firm NGS Crypto has rebranded to 'Hiddup' amidst an investigation by the Australian Securities and Investments Commission (ASIC). The rebranding, reportedly due to a trademark dispute, coincides with ASIC's legal action over $41 million owed to investors. ASIC's lawsuit targets three crypto mining companies linked to NGS, accusing them of violating financial laws. The Federal Court has appointed McGrathNicol as receivers to aid in fund recovery. Despite legal challenges, Hiddup continues to promote blockchain mining with fixed returns. The company's directors face asset freezes and passport seizures as authorities search for the missing funds. NGS Super, a separate entity, has taken legal action against NGS Crypto for copyright infringement. The rebranding to Hiddup aims to address trademark issues and differentiate the business. ASIC is closely monitoring the situation, emphasizing the need for proper licensing in financial services. Read more AI-generated news on: https://app.chaingpt.org/news

Bitcoin is gaining traction as a potential game-changer in developing countries plagued by economic challenges like inflation and limited access to financial services. In Suriname, a political candidate, Maya Parbhoe, is advocating for Bitcoin adoption to stabilize the country's financial system. Her plan includes promoting Bitcoin for daily transactions, establishing supportive regulations, and educating the public on digital currencies. Similarly, El Salvador has already embraced Bitcoin for economic growth, aiming to increase financial inclusion. While Bitcoin offers benefits like inflation protection and reduced transaction costs, challenges such as price volatility and accessibility barriers persist. The outcomes of Suriname and El Salvador's initiatives will be closely monitored to assess Bitcoin's sustainability in developing economies. Read more AI-generated news on: https://app.chaingpt.org/news