Vitalik Buterin donates 30 ETH to Tornado Cash developers' legal defense fund
Ethereum co-founder Vitalik Buterin recently donated 30 ETH to legal defense fund "Free Alexey and Roman", which has been set up for Tornado Cash developers Alexey Pertsev and Roman Storm through the decentralized fundraising platform Juicebox. The fund has raised 591 ETH so far. This fund is not for Ross Ulbricht, but I think the crypto industry has gained courage after Trump's election announcement to free Ross.
OTHER NEWS
ETF
BlackRock’s IBIT becomes largest spot bitcoin ETF
BlackRock’s IBIT has overtaken Grayscale’s GBTC to take the top spot among all 11 US spot bitcoin ETFs in terms of net assets under management. I assume this is due more to outflows from GBTC than inflows into IBIT.
FBTC is the second challenge to GBTC
Fidelity's FBTC is currently the third-largest spot bitcoin ETF in the US, after IBIT ousted GBTC from the first position, now GBTC will face competition from FBTC for the second position. I believe GBTC will lose the second position too due to continued outflows.
DTCC lists Fidelity's Spot Ethereum ETF
DTCC (Depository Trust and Clearing Corporation) has listed Fidelity's Spot Ethereum ETF. This registration is only standard practice at the moment, so it is currently in a "pre-launch" status. The ETF still has to obtain the necessary regulatory and other approvals to become active.
US POLITICS
Biden's presidential campaign is changing its stance on crypto
Joe Biden's re-election campaign in the presidential elections has begun reaching out to the crypto industry for guidance. Biden is campaigning to woo the votes of the crypto community after Trump's pro-crypto campaign.
US Court : Trump is Guilty
Pro crypto candidate Donald Trump is found guilty on all 34 counts, US court has maked him a convicted felon. Conviction might issued before November election.
- Democrats supports
- Republicans oppose
- Crypto community have to deal
"The real verdict is going to be November 5th by the people" - Donald Trump
REWARDS
BUSINESS & MARKETING
Kucard Cashback program
Kucoin has announced a new rewards program for KuCard, which will start on June 1, 2024. The program offers up to 3% cashback, redemption discounts, and tier-based rewards. However, this rewards program is not available in all geo regions.
TRADING
$300k Kucoin Futures
KuCoin has set weekly Futures Trading challange, and in order to promote, it is offering a weekly reward of 300k USDT.
CONTENT WRITING
Binance : 95k FDUSD reward pool
Binance has set up a reward pool of 95k FDUSD for creating affiliate content on Binance. The duration of this campaign is from May 31 to June 30.
