The Genesis Block

The Financial Services Agency FSA of Japan issued a warning to Lbank Exchange, an overseas cryptocurrency platform, for operating without registration. Lbank, which ranks 56th in trading volume according to Coingecko, has been offering services to Japanese residents despite reportedly having an unknown address and representative. This action follows similar warnings issued by the FSA https://news.bitcoin.com/japanese-regulator-issues-warning-to-unregistered-crypto-platform-lbank-exchange/

💰 MicroStrategy Ups its Bitcoin-Centered Convertible Note Offering to $700 Million The world’s largest corporate holder of BTC increased its target by 40%. Just a day after announcing a $500 million convertible senior note offering to purchase more BTC, among other goals, Michael Saylor’s brainchild increased its target to $700 million. The company’s shares have been on a wild ride in 2024, perhaps due to the developments around the Bitcoin landscape, but have soared by triple digits since the start of the year. Source https://cryptopotato.com/microstrategy-ups-its-bitcoin-centered-convertible-note-offering-to-700-million/ ✈️@CryptoWorldNews🌐

Regulation through enforcement often yields suboptimal outcomes for all stakeholders, including consumers, as it creates a negative stigma around industry companies,” asserted the co-founder of an Australian crypto startup. The co-founder expressed optimism that the Australian Securities and Investments Commission’s recent court setback would encourage Parliament to establish a regulatory framework for the Aussie crypto https://news.bitcoin.com/block-earner-co-founder-lack-of-regulation-limits-australian-crypto-market-to-token-sales-only/

Russian President Vladimir Putin criticized the United States for its abandonment of the gold standard, remarking in a Sputnik-released video that the U.S. dollar is now a trust-based currency without tangible backing, a decision underscored by the absence of gold equivalence. This critique arrives during efforts by BRICS countries to diminish reliance on the U.S. https://news.bitcoin.com/putin-criticizes-u-s-dollars-lack-of-gold-backing-calls-for-alternative-payment-systems/

The crypto market is neutral BTC Dominance - 53.39% Market Cap - $2.45T BTC - $66,353.68 +0.34% ETH - $3,591.6 +1.13% BNB - $606.2 +0.42% STRK - $0.906 -1.51% IO - $4.89 -9.38% W - $0.429 -3.38% https://dropstab.com

Binance will list ZKsync ZK and open trading for the following spot trading pairs at 2024-06-17 08:00 UTC. https://www.binance.com/en/support/announcement/binance-will-list-zksync-zk-with-zk-token-distribution-program-d87a9b01d6634ad1a36d984cc54595ee

MultiversX has announced the upgraded XOXNO Network platform. xlaunchpad.com/xoxno https://x.com/xLaunchpadApp/status/1801587579952734272

Crypto market participants’ growing preference for character or celebrity meme tokens signals a growing disdain for projects with a high fully diluted value, the latest Kucoin report has said. Tap-to-earn projects have “remarkably higher overall participation data” due to their lower barriers to understanding and participation. Tokens with High FDV Face Limited Price Discovery Opportunities https://news.bitcoin.com/study-crypto-market-participants-favor-meme-coins-shun-high-fdv-projects/

Ripple’s chief legal officer has countered the U.S. Securities and Exchange Commission SEC’s allegations following the crypto firm’s proposal to limit its penalty to no more than $10 million. The legal chief highlighted that the SEC is “raging” and emphasized that, unlike the Terraform Labs case, there are no victims to compensate in Ripple’s case. https://news.bitcoin.com/ripple-legal-chief-countered-sec-allegations-no-victims-to-compensate/

U.S. Securities and Exchange Commission SEC Chairman Gary Gensler has indicated to lawmakers that he expects spot ethereum exchange-traded funds ETFs to launch this summer. The SEC is still working with fund issuers on their S-1 filings, which must be declared effective before the spot ether ETFs can launch. Gary Gensler Answers Crypto Questions The https://news.bitcoin.com/sec-chair-gary-gensler-envisions-us-spot-ether-etfs-launching-this-summer/