#write2earn🌐💹 Here are some key updates in the cryptocurrency world as of June 14, 2024:
1. Terraform Labs Ceases Operations: Terraform Labs has decided to shut down following a $4.47 billion settlement with the U.S. Securities and Exchange Commission (SEC). Control of the Terra blockchain will be handed over to the community. https://cryptonews.com https://cointelegraph.com/tags/cryptocurrencies
2. MicroStrategy’s Bitcoin Acquisition: MicroStrategy is planning a $500 million stock sale to purchase more Bitcoin, underscoring its ongoing commitment to Bitcoin as a key treasury asset. https://cointelegraph.com/tags/cryptocurrencies.
3. Manta Network's Ecosystem Fund: Manta Network has launched a $50 million ecosystem fund aimed at supporting early-stage projects built on its platform. This initiative is expected to foster innovation within the Manta ecosystem. https://cryptonews.com https://cointelegraph.com/tags/cryptocurrencies.
4. Crypto Regulation in Japan: A new report by Xangle has shed light on Japanese crypto regulation, detailing the criteria for listing new virtual currencies and the regulatory stance on decentralized applications. https://cointelegraph.com/news/cryptocurrency-news-from-japan-june-14-june-20-in-review
5. Bitcoin Price Outlook: Analysts suggest that Bitcoin might see a drop to around $63,000 in the coming weeks, influenced by various technical signals and market conditions.https://cointelegraph.com/tags/cryptocurrencies.
6. UwU Lend Hack: UwU Lend faced another hack during its $20 million reimbursement process, resulting in a loss of $3.5 million.
These updates highlight ongoing regulatory developments, major company actions, and security challenges within the crypto industry. For more detailed information, you can check the sources from Crypto News, Cointelegraph, and Cryptonews.