Crypto Market

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Since the SEC approved spot Ethereum ETFs, approximately 777,000 ETH worth $3 billion have been withdrawn from centralized exchanges.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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👀 JUST IN: $4.7B in Bitcoin, Ethereum options set to expire. More Info @cryptothedoggy

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