How Many BTC Purchases? 😏
In today’s edition: 💵 Tether eyes lending opportunities in commodity markets, 🇺🇸 🗣Harris voices support for a crypto framework, and more!
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What’s Poppin’?
by Tikta
Bitcoin Rallies to $66,000 as Daily Net Purchases Top $1 Billion
Bitcoin rallied past $66,000 on Monday, liquidating $56 million short positions in the asset.
Tether Explores Lending to Commodity Traders: Report
Tether is reportedly in the early stages of discussing U.S. dollar lending opportunities with commodities traders.
Earn bitcoin on Gemini here.
Daily Bits… ✍️✍️✍
🗳️ Vice President Kamala Harris promised to support a crypto regulatory framework that gives protections to Black men who invest and own crypto, it forms part of a newly released proposal that aims to boost financial inclusion and wealth-building for Black men in the US.
⚙️ Ethereum co-founder Vitalik Buterin suggested new changes for Ethereum, aiming to reduce staking requirements and speed up block finalization times.
💼 Layer 1 blockchain Sui denied insider trading accusations, refuting claims that foundation insiders sold $400 million in tokens during a recent price surge, as its fully diluted valuation hit $23 billion.
⚖️ TD Bank allegedly failed to report suspicious crypto transactions tied to an unnamed customer group, leading to a FinCEN investigation into the transactions, which included the transfer of $420 million to a financial institution offering cryptocurrency services in a high-risk jurisdiction.
💰 Crypto wallets linked to Youtuber MrBeast reportedly made $13 million by cashing in on token launches, which were later flagged as potential pump-and-dump schemes by analysts.
🎉 Hyperliquid is launching its HYPE token, via an airdrop and through its newly formed Hyper Foundation, ahead of the HyperEVM mainnet launch, offering users both tokens and NFTs to commemorate the event.
The $$$ Corner…
⚙️ Solv Protocol closed $11 million to expand its Bitcoin staking platform, which currently has over $1.3 billion worth of bitcoin staked across multiple blockchain networks.
What Do You Meme?
📈 Your Market Update 📉
BTC is up 1.4%, trading at $65,652
ETH is up 3.1%, trading at $2,542
BTC dominance: 54.24%
Crypto market cap: $2.39T
*All data as of today, 06:20 am ET. Source: CoinGecko
Recommended Reads
The DeFi Renaissance: Make DeFi Great Again by Arthur Cheong, founder and chief investment officer of DeFiance Capital
$ETH: A Saturday Tragedy by Split Capital, a research-driven liquid investment fund.
Forbes: How Senator Hagerty’s Bill Aims To Resolve The Stablecoin Stalemate
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