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Digital asset investment products saw inflows totalling $2bn, bringing this recent 5 week run of inflows to $4.3bn. Trading volumes in ETPs rose to $12.8bn for the week, 55% up from the week prior — link
US spot Bitcoin ETFs see $65 million in net outflows, ending 19-day inflow streak — link | tl;dr
Trump says he will advocate for Bitcoin miners in White House: report — link | tl;dr
OKX confirms a few user accounts were drained via identity theft — link | tl;dr
Terraform Labs agrees to pay $4.47 billion in SEC case — link
Biden campaign in talks to accept crypto donations through Coinbase Commerce: sources — link | tl;dr
On June 12, U.S. spot Bitcoin ETFs saw +$101m net inflows — link | tl;dr
Taiwan forms crypto industry association as major step toward self-regulation — link | tl;dr
Terraform Labs to dissolve, CEO asks community to take over following $4.47 billion SEC settlement — link | tl;dr
MicroStrategy announces a proposed private offering of $500 million of convertible senior notes to buy more Bitcoin — link
Gensler says spot ETH ETF S-1’s will likely be approved by the end of the summer — link | coindesk | tl;dr
Swiss regulator shutters crypto-linked FlowBank, begins bankruptcy process — link | tl;dr
USD-backed stablecoin continues to dominate the crypto market. Nearly 90% of all crypto transactions are executed using USD-backed stablecoins relative to the USD. Their average weekly volume in 2024 was $270bn which is 70 times higher than their EU counterparts.

In contrast, just 1.1% of all transactions are done using Euro-backed stablecoins. However, it is notable that this share has increased from near zero in 2020 and is currently at an all-time high — link
Paradigm raises $850 million for a third investment fund — link | tl;dr
Nigeria drops tax charges against Binance executives — link | tl;dr
Gemini to pay $50 million to settle New York crypto fraud claim — link | archive
VanEck Bitcoin ETF will be the first spot Bitcoin ETF to trade on Australia's bourse from Thursday — link | archive
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Here's to many more years of walking together on the ever-evolving crypto market!

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T-Mobile owner Deutsche Telekom will soon mine Bitcoin in addition to running nodes — link | tl;dr
2024/06/16 23:25:10
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