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💰 British-Chinese Woman Sentenced to 6 Years for Laundering Bitcoin in $6B Scam
In a high-profile case involving a massive cryptocurrency fraud, a British-Chinese woman, Jian Wen, has been sentenced to six years and eight months in prison for her role in laundering Bitcoin proceeds from a $6 billion investment scam in China. Wen, aged 42, was found guilty in March of laundering Bitcoin on behalf of her former boss, Yadi Zhang, whose real name is Zhimin Qian.
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💰 Kraken experiences largest outflow with $1.6 billion in Bitcoin transactions
Kraken, the digital asset exchange, recently experienced its largest outflow in dollar value, with approximately $1.6 billion being transferred out of the platform on May 30, according to Glassnode data. According to Arkham Intelligence Transaction data, this significant movement was executed through five transactions from Kraken’s deposit to an external address: three transactions of 6,000 BTC each and two transactions of 5,000 BTC each. The transferred Bitcoin, totaling roughly 28,000, is currently held in the address “bc1q.”
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💰 Bitcoin Staking Project Babylon Raises $70M Led by Paradigm
Bitcoin project Babylon has raised $70 million in funding to advance its plans to build staking on the world's largest blockchain. The funding round was led by Paradigm and included contributions from Polychain Capital and the venture arm of crypto exchange Bullish (also CoinDesk's parent company). Babylon offers bitcoin (BTC) as a staking asset, allowing proof-of-stake chains to acquire funding from the deep reserves stored in BTC.
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💰 Healthcare tech company shares surge 27% after announcing plans to buy bitcoin with cash reserves
Medical device maker and healthcare technology company Semler Scientific announced Tuesday it plans to buy bitcoin with its cash reserves and, almost immediately, the company's shares rose by as much as 27%. Semler Scientific's board of directors had "adopted bitcoin as its primary treasury reserve asset" and "purchased 581 bitcoins for an aggregate amount of $40 million, inclusive of fees and expenses," the company said.
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JUST IN: 💰 Michael Saylor gives one of the best explanations on the effects of a Bitcoin standard 🔥
“Every political party, every politician, every movement will find that they will be the best version of themself. They will be more effective, they will be more ethically grounded, they will be more technically grounded and they will be more economically grounded in pursuit of their mission if they embrace Bitcoin and a Bitcoin standard.”
- Michael Saylor
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🚀Top 10 Trending Coins Last 7 Days🚀
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💰 Strike CEO sees Bitcoin at $1m this cycle: ‘We’re still so early in the story’
Jack Mallers, the CEO of Strike, a Bitcoin (BTC) payments app, has made bold predictions about the price of the orange coin. Bitcoin could hit $1 million this bull cycle, he predicts. In a recent podcast with Anthony Pompliano on his YouTube channel, Mallers doubled down on his prediction that Bitcoin could reach $1 million per coin in the current market cycle. “We’re still so early in the Bitcoin story,” he said. “I think Bitcoin will hit $250,000 to $1 million in this cycle.”
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🇺🇸 Donald Trump says "I will ensure that the future of crypto and Bitcoin will be made in the USA…I will support the right to self custody to the nations 50 million crypto holders."
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💰 Bitcoin is up 200% since Jim Cramer said it is about to go down big
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🇺🇸 U.S. 💰 Bitcoin ETF Holdings Hit New High of More Than 850K Tokens
U.S.-listed spot bitcoin exchange-traded funds now hold a record 850,707 BTC in custody, beating a previous high above 845,000 from early April. Among those funds, Grayscale’s GBTC remains the biggest holder of bitcoin with 289,300 tokens worth more than $20 billion, followed closely by BlackRock’s IBIT at 283,200 and $19.6 billion, according to data tracked by HODL15Capital.
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💰 Bitcoin Difficulty Rises 1.48% Reaching 84.38 Trillion at Block 844,704
Bitcoin’s mining difficulty increased by 1.48% at block height 844,704, reaching 84.38 trillion. This adjustment aligns with Bitcoin’s overall hashrate exceeding the 600 exahash per second (EH/s) mark. On May 23, 2024, at block 844,704, the difficulty adjusted from 83.14 trillion to 84.38 trillion. This rise follows a 5.62% decrease on May 9, 2024, coinciding with a hashprice lower than pre-halving levels. Hashprice refers to the estimated value of one petahash per second (PH/s) of hashing power per day.
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🪙 Binance founder CZ begins four-month prison sentence as the country's richest inmate
Binance founder Changpeng Zhao, a.k.a CZ, has reported to a low-security California facility in order to begin his four-month federal prison term as the country's richest inmate. Zhao was given a four-month sentence and a $50 million personal fine in April following his guilty plea in November 2023 to failing to implement proper anti-money laundering protocols at Binance, the world's biggest crypto exchange.
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💰 Luke Broyles makes the case on how there is $500 Billion chasing the remaining Bitcoin supply on exchanges that could send the price parabolic
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🇪🇺 EU elections could hint at future direction for crypto regulations, Bitfinex analyst says
The European Union Parliamentary Elections, taking place next week, could provide further clues on how crypto will be regulated in that market, according to Bitfinex Head of Derivatives Jag Kooner. "A right-wing shift could lead to stricter crypto controls, while a pro-crypto outcome might accelerate supportive regulations like MiCA," Kooner told The Block.
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🪙 Mastercard just launched Crypto Credential, which allows you to send Bitcoin to any customer at an exchange with a simple username, instead of a wallet address
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💰 BlackRock adds $4.1 million of its IBIT spot Bitcoin ETF to two funds
Asset management giant BlackRock added $4.1 million worth of its spot Bitcoin ETF shares to two of its funds, according to May 28 SEC filings. The asset manager added $3.6 million of its iShares Bitcoin Trust (IBIT) shares to its BlackRock Strategic Income Opportunities Portfolio (BSIIX). Each purchase covers additions in the first quarter of 2024. BlackRock previously disclosed plans to add IBIT to its other funds in its SEC filings on March 8.
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🥇 Global Bitcoin ETFs surpass 1 million BTC under management
According to Bold.report data, all Bitcoin exchange-traded funds (ETFs) collectively hold over one million Bitcoin, a milestone first achieved on March 12. These ETFs are distributed across several countries, including the US, Sweden, Hong Kong, Germany, Switzerland, Canada, Brazil, and Australia. US-based ETFs lead the pack, with Grayscale GBTC holding roughly 292,000 BTC, followed by BlackRock IBIT with approximately 280,000 BTC, and Fidelity FBTC at 162,000 BTC. These three giants together hold approximately 734,000 BTC.
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JUST IN: 🇺🇸 SEC approves spot Ethereum ETFs.
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