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Welcome to Thursday Folks! Yesterday, MicroStrategy tells the world it will slam the BUY button once again by raising $750M via stock sell. Today, the most covered news is about Ethereum ETF filings. The price of Bitcoin is currently trading at $29,093.51. Let's dive into the news...
Bitcoin price is moving lower below $29,500. BTC could start a fresh increase if there is a close above the $30,000 resistance zone. Investors holding at least $2.9 million worth of bitcoin have purchased 27,755 BTC between mid-May and now.
MicroStrategy co-founder Michael Saylor believes his firm will remain an enticing way for investors to gain exposure to Bitcoin regardless of any future exchange-traded fund approvals. Direxion and ProShares have filed for ETFs that, if approved, would hold futures contracts tied to both bitcoin and ether. KPMG has released a report on Bitcoin and ESG (environment, social and governance) issues. The Big Four professional services firm found that Bitcoin “appears to provide a number of benefits across an ESG framework.”
Binance’s utility coin BNB has posted significant gains, surprising investors as the broader crypto market slumps. Bitcoin and Ethereum, including most altcoins, have gone on recess while BNB surges amid rapid expansion plans on the Binance ecosystem. Despite market slump, Cardano (ADA) has good chance of recovery. Litecoin has completed its much-anticipated halving event today, but it seems the investors have reacted by participating in a selloff. Dogecoin demonstrating impressive growth trajectory with imminent prospect of hitting five million active address milestone.
Curve founder Michael Egorov has been selling large swathes of CRV in order to offset his large loan position that could affect multiple DeFi protocols if it is liquidated and Huobi co-founder Du Jun confirmed that he purchased 10 million CRV. Aave Chan Initiative’s Marc Zeller proposed that Aave’s treasury should purchase $2 million of CRV from Curve founder Michael Egorov.
Binance, the world’s largest crypto exchange, was supposed to cease operations in China when the country made cryptocurrency trading illegal in 2021. In addition, Binance will list bitcoin and ether trading pairs for First Digital USD tomorrow. HashKey will now be able to offer cryptocurrency trading services for retail investors in Hong Kong.
Ripple addresses six misconceptions about Judge Torres’ ruling. The looming prospect of a U.S. Department of Justice (DOJ) action against Binance, the largest crypto exchange, may hold a silver lining for Bitcoin and the broader markets.
A couple from Eden Prairie, Minnesota are down nearly $10 million after one of them fell victim to a crypto romance scam over LinkedIn. In the process of stopping over 1.5 million cyberattacks between March and May, the cybersecurity arm of the former smartphone goliath BlackBerry identified malware families that actively try to hijack computers to mine or steal cryptocurrencies.
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Podcast of the Day: Bitcoin Short Squeeze! Bears In Trouble? | TWOAS
Sources:
Bitcoin Price (NewsBTC)
Bitcoin Analysis (CryptoPotato)
MicroStrategy (Cointelegraph | Coindesk)
Combined ETFs (Blockworks | TB | Cryptoglobe | Coindesk | Coindesk | Cointelegraph | TB | Blockworks)
Bitcoin ESG (Cointelegraph)
BNB Price (NewsBTC)
Cardano Price (UToday)
DOGE (UToday)
Litecoin (NewsBTC)
CRV (TB | TB | Cointelegraph)
Binance (TB | Finbold | Cointelegraph | TB)
HashKey (CryptoPotato | Cointelegraph | TB | Coindesk)
Legal cases (Cryptoglobe | NewsBTC)
Scammers (TDH)
Crypto Malware (Cointelegraph)
