📣 'Buy Bitcoin,' BlackRock CEO
In today's edition: 🕵️ Mashinsky on the loop, 💸 a $21 million sale, ⚠️ MetisDAO's warning, and more!
What’s Poppin’?
by Samyuktha Sriram
BlackRock CEO Larry Fink Calls Bitcoin an ‘International Asset’ That Could ‘Revolutionize Finance’
BlackRock’s Larry Fink suggested that investors put money into Bitcoin instead of gold to hedge against inflation.
CFTC Concludes Former Celsius CEO Mashinsky Broke Rules Before Firm’s Collapse: Report
If the majority of CFTC commissioners agree with the investigation’s conclusion, the regulator could file a case against Celsius in federal court before the end of the month.
Why DEX Aggregator 1inch Sold 11,000 ETH
The platform’s cofounder Sergej Kunz explained that the $21 million transaction was executed “above on-chain market price.”
MetisDAO Warns Purchases Made on BNB After Poly Network Exploit Are Invalid
The MetisDAO team informed users that token purchases made after the Poly Network hacker’s first sale would not be recognized.
On the Pod…
Daily Bits…✍️✍️✍️
📑 Valkyrie updated its Bitcoin ETF proposal, identifying Coinbase as a surveillance-sharing partner to aid in the monitoring of Bitcoin spot markets for fraudulent activities.
👥 Defunct crypto lender BlockFi's bankruptcy plans are facing objections from FTX, Three Arrows Capital, and the SEC, with FTX claiming the proposals unfairly downgrade its substantial claims against BlockFi.
🏛️ Ahead of its bankruptcy filing, U.S. crypto exchange Bittrex faced enforcement action from Florida's financial regulator for alleged violation of multiple state laws, including a failure to segregate customer assets, court documents reveal.
💱 Circle's CEO, Jeremy Allaire, expressed interest in issuing a stablecoin in Japan, leveraging the newly implemented legislation governing such digital assets.
🚶♂️ Prometheum opted to leave the Chamber of Digital Commerce in April 2023, as the company no longer believes more clarity on crypto regulation is necessary, contrary to the advocacy group's standpoint.
🔄 The team behind Magic Internet Money (MIM) and SPELL tokens is advocating for a transition from their current decentralized finance (DeFi) structure to a more centralized legal model to bolster protection.
🎨 According to Nansen, royalties earned by NFT creators reached a two-year low, coinciding with the lowest-ever floor prices among premier NFT projects.
💼 Following a New York court ruling, bankrupt crypto lender Celsius began transferring around $74 million of altcoins, with plans to convert them to bitcoin and ether.
🌐 Decentralized exchange, dYdX, debuted its public testnet on Cosmos, marking a shift away from its Ethereum-based setup.
In response to concerns flagged by Lido Finance regarding centralization within its Protocol DAO (pDAO), liquid staking project Rocket Pool committed to pursuing full decentralization.
🚀 Starknet, an Ethereum Layer 2 network, is set to roll out a substantial 'Quantum Leap' upgrade on July 13, aiming to drastically enhance the network's transactions per second rate.
💰 A bill is advancing in Israel's parliament that, if passed, would exempt foreign residents from capital gains tax on cryptocurrency sales and halve tax on crypto options for employees.
The $$$ Corner…
📊 Team Blackbird, the parent company of data analytics platform CryptoQuant, secured $6.5 million in a Series A funding round led by South Korea's Atinum Investment.
🤖 Web3Go, a blockchain firm offering AI-supported data tools, garnered $4 million in a seed funding round spearheaded by Binance Labs.
Bringing institutional-grade financial products on-chain, starting with the tokenization of US Treasuries and money market funds.
What Do You Meme?
Learn 🤓
How Token Supply Affects the Price of a Cryptocurrency
A look at ‘token supply’ and the varied methods by which different cryptocurrencies are minted into circulation.
📈 Your Market Update 📉
BTC is up 2.5%, trading at $31,225
ETH is up 1.3%, trading at $1,941
BTC dominance: 48.2%
Crypto market cap: $1.26 trillion
*All data as of today, 7:15 am ET
Recommended Reads
CoinDesk: The Broke Ape Yacht Crash: Lessons for Justin Bieber and Other NFT Collectors
Bloomberg: Why Crypto and Wall Street Are Longing for Spot Bitcoin ETFs
The Nation: Lessons From the Catastrophic Failure of the Metaverse
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