Major Bearish Trader Exits GameStop Shorts But Compares GME To Meme Coins: Is This Fair?

GameStop shares might drop after a rollercoaster ride, but Citron Research, led by Andrew Left, is exiting its short position on the video game retailer. In a post on X, Citron Research said it was exiting its short position, saying the platform now has “enough runway” following its $4 billion cash infusion. Citron Research Exits […] дальше »

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CFTC Chair Rostin Behnam tells Senate agency can handle greater crypto responsibilities

CFTC chair Rostin Behnam said the agency is capable of handling additional crypto responsibilities during a hearing before the Senate Committee on Appropriations on June 13. Behnam denied the suggestion that the CFTC would be “biting off… more than it can chew” if it gained additional crypto authority. дальше »

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HLG Down Over 60% as Exploiter Mints 1 Billion New Tokens

The team behind the Holograph (HLG) said they have patched the exploit and is working with centralized exchanges to freeze accounts affiliated with the exploiter дальше »

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Gensler confirms spot Ethereum ETFs will be approved ‘this summer’ during Senate hearing

SEC Chair Gary Gensler said the regulator expects to approve the spot Ethereum ETF applications’ S-1 registration forms “sometime over the course of this summer,” which would be the final step before the funds can launch in the US. дальше »

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'Bitcoin is Exponential Gold', Says Fidelity’s Director of Global Macro

Fidelity's Jurrien Timmer said Bitcoin is an aspiring player on the store of value team. дальше »

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Paradigm announces $850 million fund for early-stage crypto projects

Paradigm, a crypto-focused venture capital firm, has announced a new $850 million fund. Matt Huang, co-founder and Managing Partner at Paradigm, said in an announcement that the VC platform’s third fund will focus on crypto projects in their earliest development… дальше »

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Bitfarms to boost US presence with Pennsylvania expansion amid Riot takeover bid

Bitcoin miner Bitfarms is set to expand its operations in the US by leasing a site in Sharon, Pennsylvania, and deploying miners that can output 600 PH/s of hashrate. In a June 13 statement, the firm said the site’s initial capacity will be 12 megawatts, with plans to expand to 120 MW by 2025. дальше »

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Gary Gensler: Ethereum ETFs likely approved by end of summer

Spot Ethereum ETF proponents were handed a boon during a Senate hearing, as SEC Chair Gary Gensler said applications were advancing.  дальше »

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Assured Spot Ether ETF Approval Fails to Stir Slumping Crypto Market

SEC Chair Gary Gensler said he expected the new vehicles to have won full approval by the end of the summer. дальше »

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Ether ETFs Should Be Fully Approved by September, Says SEC Chair Gensler

U.S. Securities and Exchange Commission Chair Gary Gensler said that the final approvals for exchange-traded funds (ETFs) trading Ethereum's ether {{ETH}} should be finished this summer, he told senators in a budget hearing on Thursday. дальше »

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Crypto Markets Have Seen $12B of Net Inflows This Year, JPMorgan Says

Most of the $16 billion inflow into spot bitcoin ETFs since their launch likely came from existing digital wallets on exchanges, the report said. дальше »

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ERCOT CEO: Texas' Power Grid Needs Larger Increase Than Expected to Handle AI, Bitcoin Mining

The Electric Reliability Council of Texas' CEO said in Senate testimony that the state's grid capacity will need to double in the next decade to handle demand, while the Lieutenant Governor of Texas says more scrutiny is coming for this industry. дальше »

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Paxos cuts 20% of workforce amid strong financials due to ‘de-prioritizing adjacencies’

Stablecoin issuer Paxos downsized its workforce by 20% despite robust finances and optimistic growth projections in the stablecoin market, Bloomberg reported on June 12. In an email that notified employees of the change, Paxos CEO Charles Cascarilla said the staff reduction will allow the company to “best execute on the massive opportunity ahead in tokenization […] The post Paxos cuts 20% of workforce amid strong financials due to ‘de-prioritizing adjacencies’ appeared first on CryptoSlate. дальше »

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Terra community to own chain after TFL wind-down; Coinbase exec slams SEC settlement

Terraform Labs CEO Chris Amani said Terra will become a community project as the company winds down following a $4. 5 billion SEC settlement. Amani wrote on June 12 that the community must “take over ownership of the chain. дальше »

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Circle launches Programmable Wallets and Gas Station on Solana

Circle has expanded its Web3 Services, adding support for Solana, the company said in an announcement. Circle’s Web3 Services empower businesses and developers looking to launch on-chain apps. To bring these benefits to Solana, Circle is launching its Programmable Wallets… дальше »

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Chainlink’s CCIP protocol and Automation now live on Gnosis

Gnosis developers can now outsource their heavy computing to the oracle network while reducing gas fees by up to 90%, spokespeople said. дальше »

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Crypto and Artificial Intelligence Could be a $20 Trillion Megatrend, Bitwise Says

The two industries could add a collective $20 trillion to global GDP by 2030, the report said. дальше »

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Cboe exec says Solana ETFs unlikely without futures market or regulatory clarity

Cboe Vice President and Global Head of ETF Listings Rob Marrocco believes crypto ETFs beyond Bitcoin and Ethereum are unlikely until the market and regulatory landscape changes. Marrocco said during an ETF Store podcast on June 11 that market expectations of a Solana (SOL) and XRP spot ETF are unrealistic in the short term since these […] The post Cboe exec says Solana ETFs unlikely without futures market or regulatory clarity appeared first on CryptoSlate. дальше »

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Bitcoin Pullback to $66K Triggers $250M in Crypto Liquidations as Traders Brace for 'Wild Wednesday' of FOMC, CPI Report

Tomorrow's Fed "dot plot" of interest rate projection and forward guidance by Chairman Powell will be key for what's next for the digital asset market, K33 Research said. дальше »

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ZkSync community reacts to airdrop debacle

Ethereum scaling solution zkSync will airdrop 3.6 billion ZK tokens to users next week, but the crypto community said the distribution list is unfair. дальше »

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Crypto Mixers, Privacy Coins, Layer 2s Complicate Tracing for Law Enforcement, EU Innovation Hub Says

Separately, France's markets regulator said crypto remains a high risk for money laundering. дальше »

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TipLink Aims for Crypto Newcomers With Google-Powered Solana Wallet

"It unlocks the rest of the world for easy onboarding," said CEO Ian Krotinsky. дальше »

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Fed Should Cut Interest Rate as Restrictive Stance Adds to Inflation, Democrats Say

Elevated interest rates aimed at taming inflation have become a part of the problem, three Democrat senators said. дальше »

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British crypto exchange Lykke loses over $22m in hacker attack

U.K.-based crypto exchange Lykke said over $22 million worth of crypto had been stolen from its wallet in early June. British cryptocurrency exchange Lykke reported a loss exceeding $22 million following a cyberattack on its wallet. In a Jun. 10… дальше »

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FTC warns of crypto romance scams in the US

If online love turns to the talk of coins, it's best to pause and ponder why they have joined, said the FTC. The post FTC warns of crypto romance scams in the US appeared first on Crypto Briefing. дальше »

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Jupiter founder: Memecoins are user-generated money 

Jupiter's founder said memecoins could be a gateway for attracting new Web3 users en masse and an on-ramp for understanding the larger cryptocurrency stack. дальше »

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Robinhood’s Acquisition of Bitstamp Expands Its Global Reach: Architect Partners

Crypto is becoming an increasingly important part of Robinhood’s business, accounting for 20% of total revenue in the first quarter, the report said. дальше »

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Payrolls-Led Bitcoin, Ether Price Swoon Is 'Buy the Dip' Opportunity, Crypto Trading Firm Says

Markets will increasingly price in at least one Fed interest-rate cut for 2024, QCP Capital said. дальше »

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Bitcoin, Ether Little Changed Over Weekend After $400M Liquidation Rout

The week ahead could boost market volatility with the CPI release on Wednesday, the FOMC meeting on Thursday, and a speech from Janet Yellen on Friday, one firm said. дальше »

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DePIN protocol io.net CEO departs 2 days before token launch

Ahmad Shadid, one of the founders of io.net, left “effective immediately” but said it wasn’t related to allegations regarding his past. дальше »

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Analyst predicts altcoin rally as Ethereum (ETH) targets $15,000 in current bull cycle

An analyst on Crypto Banter’s The Sniper Trading Show said the altcoin rally phase is approaching. Typically, this rally occurs towards the end of the bull cycle, indicating significant potential for gains soon. дальше »

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Ethereum leaders are stuck in a ‘massive contradiction’ — Wintermute CEO

“You are either building capitalism or planned socialism,” said Wintermute CEO Evgeny Gaevoy, pointing the finger at Vitalik Buterin, Hayden Adams and the wider Ethereum community. дальше »

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Crypto Pioneer Arthur Hayes On Why It’s Time To Go Long On Bitcoin And Shitcoins

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Bloomberg analyst calls for FOIA request into SEC’s Ethereum ETF decision

Bloomberg ETF analyst James Seyffart called for freedom of information access (FOIA) requests regarding the SEC’s approval of spot Ethereum ETFs. In a June 5 KITCO interview, Seyffart said that public requests should search for “emails, calls, [and] anyone that had conversations with [SEC chair] Gary Gensler” to determine what happened during the SEC’s decision-making […] The post Bloomberg analyst calls for FOIA request into SEC’s Ethereum ETF decision appeared first on CryptoSlate. дальше »

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Trump vows to end Biden-Gensler crusade against crypto after taking office

Donald Trump promised to halt the anti-crypto policies of US President Joe Biden and SEC chair Gary Gensler within an hour of taking office if he is re-elected, Reuters said on June 7. Palantir adviser Jacob Helberg recounted Trump’s statements during a June 6 San Francisco fundraiser, referring to Trump’s target as the “Biden-Gensler crusade […] The post Trump vows to end Biden-Gensler crusade against crypto after taking office appeared first on CryptoSlate. дальше »

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Crypto marketplace Bakkt Holdings is reportedly considering a sale

Bakkt (NYSE: BKKT) stock price is in the green at writing following a report that it’s weighing a potential sale.  Bakkt is considering several strategic options The crypto marketplace is currently engaged with a financial advisor to consider a bunch of strategic options which includes a potential breakup as well, said people that talked to […] дальше »

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Customers Bank Said to Debank Some Digital Asset Hedge Funds

The move is not a widespread debanking of hedge-fund clients, but rather the offboarding of inactive accounts, one person said. дальше »

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Sky Mavis recovers $5.7M from Ronin Bridge hack

Axie Infinity creator Sky Mavis said that some of the funds will cover the recovery costs, while the rest will return to the Axie treasury. дальше »

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Robinhood’s Bitstamp Deal Is Strategic and Brings Added Institutional Exposure: Bernstein

The acquisition will potentially allow the trading platform to offer a wider range of crypto products to a more institutional client base, the report said. дальше »

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SEC chair Gensler says spot Ethereum ETF launch timeline depends on applicants’ speed

SEC chair Gary Gensler said the timeline for spot Ethereum ETF launches depends on how quickly applicants respond to the regulator’s questions and comment on reasons for approvals. Gensler told Reuters on June 5 that the firms are “self-motivated” to answer SEC comments and can determine their responsiveness. дальше »

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VanEck Analysts See Ethereum Price Hitting $22,000 By 2030

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Kraken Said to be Raising Over $100M Pre-IPO Funding: Bloomberg

Kraken is looking to raise more than $100 million and this may be completed by the end of this year, Bloomberg reported. дальше »

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U.S. Crypto Regulations Are Moving Against a CBDC and Non-Compliant Stablecoins Like Tether: JPMorgan

Out of four recent crypto regulatory initiatives, the stablecoin bill has the highest chance of being passed before the U.S. presidential election, the report said. дальше »

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Robinhood inks $200 million deal to acquire Bitstamp

Robinhood said it is acquiring Bitstamp for $200 million, aiming to expand its crypto services outside the US. The post Robinhood inks $200 million deal to acquire Bitstamp appeared first on Crypto Briefing. дальше »

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Bitcoin Could Hit $150K by 2024-End on Hopes of Donald Trump Being Re-Elected: Standard Chartered

Favorable payroll data could open the way to $80,000 per bitcoin by end-June, Standard Chartered’s Geoffrey Kendrick said in a Thursday note. дальше »

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Bitcoin miner Riot Platforms acquires 12% stake in Bitfarms

Colorado-headquartered crypto mining company Riot Platforms has acquired ownership of a 12% stake in rival Bitfarms despite shorting pressure from Kerrisdale Capital. Bitcoin mining company Riot Platforms said in a press release on Jun. 5 it acquired 1,460,278 common shares… дальше »

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Advocacy Group 'Stand With Crypto' Says It's Exceeded 1 Million Signups

Stand With Crypto, a digital assets advocacy group backed by Coinbase Inc., said it signed up its first million members as of Wednesday. дальше »

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Bitcoin Miners With Attractive Power Contracts Are Potential M&A Targets, JPMorgan Says

U.S. listed bitcoin miners draw up to 5 gigawatts of power and have access to an additional 2.5 GW, making them attractive potential takeover targets, the report said. дальше »

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Crypto Security Firm Ironblocks Builds 'Firewall' for DeFi Protocols

"Once you get hacked in most of the cases you're done," CEO Dadosh said. "And this is what we're trying to prevent." дальше »

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Ripple president: Stablecoin likely this year

Ripple president Monico Long said the XRP issuer is likely to enter the $161 billion stablecoin market before this year’s close.  дальше »

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