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Top crypto news on June 12, 2024 from the #Trustee team ⛑ The US Federal Reserve kept the interest rate at 5.25 - 5.5% and the Consumer Price Index fell from 3.5% to 3.3%. The market reacted with volatility — Bitcoin rate rose to $69,800 and fell back to $68,000. 🎬 Ripple Labs announced the launch of the Ripple USD stablecoin (RLUSD) — it will be released later this year. CEO Tether announced the launch of «new class of digital asset» — details to be told 17 June. 🚀 Bitwise believes that by 2030, the cryptocurrency market and the AI technology field will collectively reach $20 trillion. They think their interaction will take both industries to the next level of evolution. 🎩 Donald Trump said at a meeting with representatives of mining firms that he would support the interests of miners so that «all the remaining BTC will be mined in the United States». And noted that the mining industry help stabilise the electricity supply from the grid. 🎁 The Shiba Inu community (SHIB) remains optimistic, with over 10,000 people signing a petition to create a spot Shiba Inu-ETF to encourage adoption of token. In six months, its rate has risen 220%. -------------------------------------------------- Website | Blog | Twitter | Facebook | Medium | Linkedin

Top crypto news on June 11, 2024 from the #Trustee team 🍎 Robert Kiyosaki stated that Bitcoin «is the easiest way to become a millionaire», which trumps all forms of entrepreneurship because it removes all obstacles, including relentless work and a stroke of luck. 🎩 Tether CEO Paolo Ardoino revealed that they will invest $1bn in AI, biotech and infrastructure over the course of the year. The USDT issuer has already allocated $2bn to these areas in the past 2 years. 🏆 The number of TG-clicker Notcoin users has reached 40 million people. The NOT team stated that players have already earned $1.5 million in TON — they expect this amount to grow tenfold after the launch of Notcoin Explore. Within a week, the NOT rate fell by 30%. 🥷 Solana Foundation has announced that it is blocking network node operators involved in «sandwich attacks». This is a form of MEV attack, which is against net rules and threatens share cancellation. 🎁 Polygon has approved a rewards programme for developers — 10% of MATIC issuance will be allocated annually for this purpose. They will be unlocked after 10 years — 100 million tokens per year. -------------------------------------------------- Website | Blog | Twitter | Facebook | Medium | Linkedin

Top crypto news on June 10, 2024 from the #Trustee team ‼️ During the last trading week, spot Bitcoin-ETFs in the US bought 25,729 BTC, a two-month supply of mined coins from miners. This week, they mined only 3,150 BTC, which is 8 times less than demand. 🎬 The President of The ETF Store noted that in the first 5 months, spot Bitcoin-ETFs already have almost 60% of the AUM (assets under management) of gold ETF launched 20 years ago ($61bn vs $105bn). 🏓 CEO Wintermute believes that Ethereum will fail in the future due to conflicts within the «elite» community that is trying to solve the problem of capitalism. His post was a response to criticism of memcoins from Ethereum founder and head of Uniswap exchange. 🎱 The Central Bank of Georgia met with Ripple to engage them in the digitalisation of the economy. In the meantime, the company is working on the CBDC of Georgia and five other countries from 2023. 📵 In the meantime, Ripple CEO Brad Garlinghouse said that he sees no practical use in DOGE memcoin, and the growth of its price is due to speculation only. Today Dogecoin exchange rate lost 80% of high. -------------------------------------------------- Website | Blog | Twitter | Facebook | Medium | Linkedin

Top crypto news on June 09, 2024 from the #Trustee team ‼️ Binance announced that the number of crypto exchange users has surpassed 200 million. Within two years, their number grew by 80 million. And within a year +50 million, despite accusations from regulators, lawsuits and the sentence of ex-CEO Changpeng Zhao. 🎩 Candidate for president of the US Donald Trump has announced that he will become a «cryptopresident». He reiterated his support for the industry and criticised Democrats for their cryptocurrency policy. ⛑ On Friday, 7 June, the US employment report was published — the unemployment rate rose to 4%. After that, the BTC rate fell by 3.5% — from $71,500 to $69,000. It is now trading around $69,500. 🎱 DEX messenger team FriendTech has announced that they are developing their Friendchain blockchain with Conduit. They will then migrate the protocol from the Base, but the exact date is unknown. 🚂 CEO Bitgo predicted Bitcoin in the range of $125,000 to $135,000 by the end of 2024. He believes that the dollar will weaken due to the growth of the US debt and sanctions, which will be the driver for BTC. -------------------------------------------------- Website | Blog | Twitter | Facebook | Medium | Linkedin

Top crypto news on June 07, 2024 from the #Trustee team 🚂 According to analytics company CryptoQuant, «the whales’ appetite for buying has returned strongly». They believe that this shows that «current prices are suitable for buying and accumulating». 🦾 Binance resumes cryptocurrency payments with Mastercard after resolving all issues with US regulators. The payment service disabled the deposit and withdrawal functions in August 2023. 🧲 Before its IPO, cryptocurrency exchange Kraken will conduct one $100 million funding round. The fundraising will last until the end of 2024. Company has been trying to enter the stock market for years. 🎩 ASA, the American Securities Association, filed a lawsuit against the SEC. Its reason was fines to 16 companies for $3 billions, as «the Commission gave no explanation for its decisions». 🇨🇳 Colin Wu reported that Bybit opened registration for Chinese customers, which may have been the reason for Hong Kong's denial of licensing. Bybit confirmed that Chinese citizens who live outside the country can use the crypto exchange's services. -------------------------------------------------- Website | Blog | Twitter | Facebook | Medium | Linkedin

Top crypto news on June 06, 2024 from the #Trustee team 🚂 Standard Chartered believes that Bitcoin rate will reach at least $100,000 by the end of 2024, and $150,000 if Trump wins. At the same time, a new ATH of BTC may happen already at the end of this week thanks to US employment data (this will be published today). 🦾 VanEck predicted that the ETH will rise to $22,000 by 2030 under one of three scenarios. The launch of the spot Ethereum-ETF and the scaling of the ecosystem will contribute to it. Earlier, the SEC head said that launching ETF will take time. They were approved on 23 May. 🍎 CEO Telegram Pavel Durov announced the launch of Stars, a new way to pay for digital services in messenger apps. Teams will be able to withdraw Stars via Fragment on Toncoin or invest in advertising. 🎬 The bitsCrunch team announced the launch of the beta version of NFT's Artificial Intelligence powered picture search. The goal of the new project: to identify duplicate and fake NFT-token collections. 🚀 Paxos company has introduced a new US dollar-linked Lift Dollar stablecoin. It offers a 5% yield, which is equal to the Treasury bond rate. USDL is issued in the UAE and is regulated by FSRA Abu Dhabi. Paxos has previously launched PayPal USD, Pax Dollar and Pax Gold. -------------------------------------------------- Website | Blog | Twitter | Facebook | Medium | Linkedin

Top crypto news on June 05, 2024 from the #Trustee team 🚀 K33 Research estimated that in the first five months after the launch of the Ethereum-ETF, inflows into the funds will amount to 1.26m ETH or 1.1% of the total supply. Meanwhile, $887m came into the Bitcoin-ETF during the day — the second highest volume result. 📟 CEO Ripple Brad Garlinghouse said the launch of spot ETFs based on Ripple (XRP) is «just simply inevitable» and will happen in 2025. He also mentioned Solana (SOL) and Cardano (ADA) as ETF contenders. ⛑ FTX has filed a draft settlement with the US Internal Revenue Service — the cryptoexchange offers to pay $885 million. Previously, the IRS demanded $44 billion from FTX, and later "only" $24 billion. 🎩 Tether CEO Paolo Ardoino believes that the MiCA draft law regulations create new risks for stablecoins, making them «extremely vulnerable and riskier to operate». Earlier, Binance announced new restrictions on stackablecoins for European customers due to MiCA. ⏰ House US Members have sent a letter to Joe Biden and Anthony Blinken urging him to intervene in the Binance problem in Nigeria, where its top managers have been detained over three months. -------------------------------------------------- Website | Blog | Twitter | Facebook | Medium | Linkedin

Top crypto news on June 04, 2024 from the #Trustee team 🚂 In May 2024, 455,000 meme tokens were launched in the Solana — a record number among all nets. This is twice as high as in April and 2.5 times higher than the second — Base with 177,000 projects. ♟ Galaxy Digital has announced the tokenisation of a Stradivarius violin created in 1708. The instrument, valued at $9 million, will be stored in NFT format, with its physical version in a Hong Kong vault. ⛑ Thailand's SEC has approved a spot Bitcoin-ETF. Only One Asset Management company received permission to launch it. At the same time, only institutional investors will be able to trade the ETF on BTC. 🦾 The US Navy has unveiled a blockchain technology to protect software from cyberattacks. PARANOID was created by NAWCAD just for the Navy, but will now be available to private companies. 🎒 According to CryptoQuant, Bitcoin miner reserves have reached their lowest level of the last 14 years. They are now only 50% of the historical value — 1.8 million coins versus almost 3.4 million in 2010. -------------------------------------------------- Website | Blog | Twitter | Facebook | Medium | Linkedin

Top crypto news on June 03, 2024 from the #Trustee team ‼️ According to a report from TripleA, the number of cryptoowners globally has grown by 34%, from 420m to 562m. This is 6.8% of the world's population. In Ukraine, 10.2% of population owns crypto. 🦾 USDe, a «synthetic» token from Ethena Labs, took the 4th place in the steblecoin ranking — its capitalisation reached $3b four months after its launch. DAI in third place has a capitalisation of $5.25 billions. ⛑ Coinbase has filed a report with an appeals court criticising the US SEC. The company believes that the regulator is trying to destroy the industry by purposefully creating unenforceable requirements. 🎬 Tech analyst and CEO Factor LLC Peter Brandt believes Bitcoin's exchange rate could reach $130,000-$150,000 by Q4 2025 if it follows the path typical of the first cryptocurrency after each of the Halving. 🚀 After 3 years of silence, analyst Roaring Kitty is back on Reddit, writing about GameStop stock. Their share price is up 75% and the meme tokens GME, KITTY, and ROAR are up 240%, 480%, and 660%. -------------------------------------------------- Website | Blog | Twitter | Facebook | Medium | Linkedin

Top crypto news on June 02, 2024 from the #Trustee team ⛑ US President Joe Biden vetoed SAB121 accounting bill for firms holding cryptocurrency to «not support measures that jeopardize the well-being of consumers». The decision has been met with criticism. 🎱 Former Binance CEO Changpeng Zhao has arrived in a California prison to serve his sentence. In April 2024, he was sentenced to four months in jail — for «money laundering and breach of bank secrecy». 🚀 Notcoin game project's exchange rate rose 64% during the day and 280% during the week. NOT's capitalisation exceeded $2 billion, lifting it to 52nd place. The token was only launched on 16 May 2024. 🦾 Tether, the issuer of the USDT, has invested $150m in the Bitdeer mining firm. In November 2023, Tether announced a $500 million investment in mining. Their goal is to achieve a 1% Bitcoin hash rate. 📵 Matter Labs has dropped the ticker symbol ZK due to criticism — usually referred to as zero-knowledge proof technology. Earlier, a dispute between ZkSync and Polyhedra erupted around the ticker. -------------------------------------------------- Website | Blog | Twitter | Facebook | Medium | Linkedin