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🔹Latest Crypto News, Updates, Analysis and Deeper Insights in the whole Crypto space. 🔹No subscription fee🔊 @CryptoWorldNews @CryptoWorldICOs @CryptoWorldAnalysis Admin of the Channel: @AdamCWN ✔️
🇺🇸 SEC Is Dropping Its Investigation Into Ethereum, Consensys Says
Leading Ethereum developer Consensys announced late Tuesday that the U.S. Securities and Exchange Commission is “closing its investigation” into the cryptocurrency. “Today we’re happy to announce a major win for Ethereum developers, technology providers, and industry participants: the Enforcement Division of the SEC has notified us that it is closing its investigation into Ethereum 2.0,” the company posted on Twitter. “This means that the SEC will not bring charges alleging that sales of ETH are securities transactions.”
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JUST IN: 🪙 Tether introduced Alloy, the first Tethered Asset. aUSD₮ is over-collateralised on-chain by Tether Gold XAU₮, merging the dollar utility with the millennial store of value gold
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🇦🇺 JUST IN: The Australian Securities Exchange has approved the VanEck 💰 Bitcoin ETF to start trading on June 20.
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💰 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.
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💰 Michael Saylor’s 21 Rules for Bitcoin calls Bitcoin ‘Chaos’ and an ‘economic virus’
MicroStrategy CEO Michael Saylor articulated a vision of Bitcoin as the world’s first perfect money, a profound innovation with the potential to reshape economic and political systems globally. Drawing parallels to historic scientific revolutions, Saylor positioned Bitcoin as a disruptive economic force, ushering in a new era of financial insight.
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💰 Bernstein analysts raise bitcoin price target to $200,000 by end of 2025
Analysts at research and brokerage firm Bernstein have raised their price target for bitcoin to $200,000 from $150,000 by the end of 2025. The target is driven by expectations of unpreceded demand via spot bitcoin exchange-traded funds run by some of the world’s leading asset managers, such as BlackRock, Fidelity and Franklin Templeton, reaching around $190 billion in assets under management compared to $60 billion today, Gautam Chhugani and Mahika Sapra wrote in a note to clients.
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💰 Bitcoin miner Bitfarms stock surges after raising 2025 guidance to over 35 EH/s
Bitcoin miner Bitfarms has reiterated the Riot Platforms takeover proposal would not be in the best interest of its shareholders and later announced it entered into an agreement to develop its first large-scale mining site in the United States, which will boost the miner's overall power capacity. As a result, this raises Bitfarms' 2025 power capacity to 648 megawatts, 170% growth from its current capacity and up 47% from its targeted year-end 2024 capacity.
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💰 Ripple to use Axelar as bridge protocol for EVM sidechain
Ripple Ledger, the blockchain network backed by the payments firm Ripple, revealed the official name of its upcoming sidechain, calling it the “XRPL EVM sidechain,” and stated that it would launch with Axelar serving as the exclusive bridge protocol. Ripple said that using Axelar would “simplify” the user experience and enhance security, and went on to praise Axelar’s track record and integrations with major projects like Uniswap and Microsoft.
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💰 Bitcoin Open Interest Reaches All-Time High Of $36.3 Billion
Bitcoin futures interest tapped an all-time high in US dollar terms on Monday, reaching over 500,000 BTC worth $36.3 billion. Analysts say the overwhelming surge in open interest relates to a clever arbitrage play levied by institutional traders between Bitcoin’s futures and spot markets. In a Tuesday newsletter, lead Glassnode analyst James Check theorized that leveraged funds are simultaneously shorting Bitcoin on the CME while buying up coins in equal measure via the Bitcoin spot ETFs.
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🚀Top 10 Trending Coins Last 7 Days 🚀
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🚀🌟 FlokiCat: Solana's Rising Star! 🌟🚀
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💰 Bitcoin falls below key support level, potentially triggering 8%-12% correction: CryptoQuant
Bitcoin has fallen through a price support level that can signal an 8%-12% correction when the price crosses it to the downside, CryptoQuant analysts said in a report published Tuesday. "As the price of bitcoin has crossed this metric to the downside, bitcoin could decline towards $60,000. The bitcoin price has fallen below the trader's on-chain realized price of $65,800, a key support level in bull markets," the analysts added.
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JUST IN: 🟢 Tether, the world's largest stablecoin launches new synthetic dollar backed by gold.
🤝 @Cryptocurrency_Inside ✅
🚀Top 10 Trending Coins Last 7 Days 🚀
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💎Discover FlokiCat: Solana's GEM! 💎
🐾 FlokiCat ($FC) is surging! With a $665K market cap and a $1.07M ATH, this 21-day-old project is booming. 📈
🚀 Don’t miss out! If you missed Doge or Shiba's 3000x gains, FlokiCat could be your next big opportunity. Will you ride the wave to 1000x or more? 🚀
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💰 Bitcoin Spot ETF records total outflows of -$580M this week
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💰 Privado ID becomes the latest project to spin out from Polygon Labs
Polygon ID has spun out from Polygon Labs and rebranded to Privado ID as it attempts to expand beyond the Polygon networks. The move aims to meet global demand for digital identity and reputation solutions that work with both online and onchain data in the era of increasing identity theft, fraud and AI-generated content, according to a statement shared with The Block.
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💰 Bitcoin miners rise 10% after Trump promises to back US miners
Bitcoin (BTC) mining stocks soared double digits on Wednesday a day after United States presidential candidate Donald Trump promised to bolster mining operations in the country. Trump said he wants “all the remaining Bitcoin to be MADE IN THE USA!!!” adding it would help the country be “ENERGY DOMINANT” in a June 12 post, which came shortly after a meeting he hosted with some of the industry’s top executives.
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💰 Bitcoin Falls Below $67K, More Than 75K Traders Liquidated Amid Market Decline
On Tuesday, the price of bitcoin (BTC) fell to an intraday low of $66,696 per unit, marking a 3.3% decrease over the last 24 hours. This decline resulted in the liquidation of $170.25 million in long derivatives positions, with $50.87 million of this amount comprised of BTC long positions.
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💰 Mexican Billionaire Ricardo Salinas Doubles Down on Bitcoin, Advises Using It as Inflation Hedge
Ricardo Salinas, the third wealthiest man in Mexico, has recently doubled down on his proposal to use Bitcoin as a reserve asset. On social media, Salinas defended the role of Bitcoin as an inflation hedge, commenting on a post that presented inflation as a hidden tax on fiat money and advised his followers to purchase it.
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💰 “Bitcoin is the most important thing happening in the world today.”
- Erik cason
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💰 Trump Campaign Crypto Aide Announces Presidential Roundtable on Domestic Bitcoin Mining
David Bailey, CEO of Bitcoin Magazine and Trump campaign cryptocurrency aide, has announced that Former President Donald Trump will participate in a Presidential Roundtable on domestic bitcoin mining as part of its new cryptocurrency-friendly policy. He revealed that big miners from the U.S. would be present at the event without disclosing the list of assistants.
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