Crypto Market

❌Two major crypto hacks in one day - $40 million in losses. First, hackers breached the DeFi protocol of UwU Lend for $20 million. Attackers withdrew WBTC and DAI and then converted them to ETH. Now UK cryptocurrency exchange Lykke has been hacked for $22 million. 📈Crypto_Ocean

🔍 CryptoQuant analysts believe that Bitcoin can be safely bought at current prices, as whales continue to accumulate the asset. 💊 Medical company Semler Scientific announced the purchase of an additional 247 BTC for $17 million. 🤵🏻‍♂️ Former BitMEX CEO Arthur Hayes is very optimistic following news of rate cuts by the ECB and Bank of Canada and urges opening long positions on BTC, and then on altcoins. 💸 🇭🇰 The head of the Hong Kong regulator called Bitcoin an alternative financial asset. She stated that she disagrees with the claims of "most central banks and economists" about the first cryptocurrency's lack of intrinsic value.

The inflow into spot Bitcoin ETFs amounted to ~$886.75 million yesterday — the second-largest single-day net inflow in history!

🔥 NEW : The Stable Coin Working Group has now been officially funded by intersect to do research to bring #USDC💰, and other stablecoins to #Cardano 💰 @News_Crypto

Since the SEC approved spot Ethereum ETFs, approximately 777,000 ETH worth $3 billion have been withdrawn from centralized exchanges. However, not everyone is withdrawing ETH from exchanges; some are depositing it. For example, early Ethereum investors. 👀 A user who bought 100,000 ETH during the Ethereum ICO in 2015 (at $0.31 per coin) transferred 8,517 ETH ($32.5 million) to the Kraken exchange. He has 14,600 ETH ($55.84 million) left in his account. 🧐

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💰 Billionaire and one of Facebook's early executives Chamath Palihapitiya stated that he expects Bitcoin to reach $500,000 by October 2025. He also mentioned that it would be a wise move for some countries to use BTC alongside their local currency. 👀 Meanwhile, tomorrow, June 4, the first spot Bitcoin ETF will start trading in Australia. 📧Bright |⚡English |🔸 Learn >

🇭🇰 JUST IN: Hong Kong Police Warn of Spike in Counterfeit Banknotes Used in Cryptocurrency Scams. More Info @cryptothedoggy

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