Crypto Exchanges Brace for EU’s MiCA Rules: Stablecoins Delisted by Uphold, Binance

June 20, 2024 Bitcoin.com

Altcoins

This month, several cryptocurrency exchanges are delisting certain stablecoins to align with the European Union’s Markets in Crypto-Assets (MiCA) regulations, which establish more stringent rules for fiat-backed and algorithmic stablecoins in the European Economic Area (EEA). Uphold announced it will delist a selection of stablecoins on July 1, and Binance has recently removed stablecoin funding […]

ZRO token falls 17% amid controversy over LayerZero’s ‘not an airdrop’

Bitwise Investments Updates Ethereum ETF Filing, Reveals $2.5M Seed Interest

June 19, 2024 Bitcoin.com

Bitwise Investments Updates Ethereum ETF Filing, Reveals .5M Seed Interest

Asset Management

Bitwise Investments, a prominent cryptocurrency asset management firm that offers diverse investment products and services focused on digital assets, has updated its ether-based exchange-traded fund (ETF) S-1 filing with the U.S. Securities and Exchange Commission (SEC), revealing $2.5 million in seed investment interest. Bitwise’s Ether ETF Filing With SEC Highlights Pantera’s Interest As the spot […]

ZRO token falls 17% amid controversy over LayerZero’s ‘not an airdrop’

NFT Market Slump: Cryptopunks and Bored Ape Values Plummet Over 90 Days

June 19, 2024 Bitcoin.com

BAYC

Based on statistics from the past three months, the non-fungible token (NFT) collections Cryptopunks and Bored Ape Yacht Club (BAYC) have seen a notable decrease in value. On March 17, 2024, the floor value of Cryptopunks was approximately 49 ether, but 90 days later, it dropped to 25.45 ether. Major Declines in Cryptopunks, BAYC, and […]

ZRO token falls 17% amid controversy over LayerZero’s ‘not an airdrop’

Zimbabwean Regulators Develop Framework for Virtual Assets Trading

June 18, 2024 Bitcoin.com

bitcoin.com

The Securities and Exchange Commission of Zimbabwe (SECZ) and the Reserve Bank of Zimbabwe (RBZ) are reportedly developing a framework for virtual asset trading. The framework aims to provide clear legislation, client protection under the Data Protection Act, and educational support. Challenges include infrastructural investment and licensing fees for foreign-supplied systems. An informal virtual asset […]

ZRO token falls 17% amid controversy over LayerZero’s ‘not an airdrop’

SEC’s Crypto Enforcement Chief Departs After 9 Years

June 17, 2024 Bitcoin.com

Binance

The head of the Crypto Asset and Cyber Unit at the U.S. Securities and Exchange Commission (SEC)’s Division of Enforcement has left the agency after nine years of service. Under his guidance, the SEC took many enforcement actions against crypto firms, including major crypto trading exchanges Binance and Coinbase. SEC’s Crypto Enforcement Unit Leader Departs […]

ZRO token falls 17% amid controversy over LayerZero’s ‘not an airdrop’

Tether launches gold-backed, US dollar stablecoin Alloy

June 17, 2024 Coin Telegraph

Alloy aUSDT

The new synthetic dollar is the first step in the rollout of a real-world asset tokenization platform, said Tether.

Tether is introducing a gold-backed stablecoin pegged to the U.S. dollar. It is the first tethered asset, the issuer declared. The new coin is called Alloy (aUSDT) and is mintable on the new Alloy by Tether platform.

According to the company, Alloy will be overcollateralized by Tether Gold (XAUt) — a token that provides ownership of physical gold — but pegged to the U.S. dollar. By definition, the new token is a synthetic dollar, which is designed to mimic the value and functionality of the U.S. dollar without being directly backed by it.

Alloy explained in an X post that tethered assets are “digital assets that aim to track the reference price of another asset through different stabilisation mechanisms.” Further, it said:

ZRO token falls 17% amid controversy over LayerZero’s ‘not an airdrop’

Digital Asset Funds Witness Major Shake-up Amid Fed’s Hawkish Stance: Coinshares

June 17, 2024 Bitcoin.com

Bitcoin

Digital asset investment products have seen substantial outflows totaling $600 million, marking the most significant withdrawal since March 22, 2024. According to Coinshares and lead researcher James Butterfill, this exodus is attributed to a hawkish Federal Open Market Committee (FOMC) stance, leading investors to reduce their exposure to fixed-supply assets like bitcoin. Coinshares Flow Report […]

ZRO token falls 17% amid controversy over LayerZero’s ‘not an airdrop’

NFT Market Sees Gains for Second Consecutive Week, Sales Up 10.95%

June 15, 2024 Bitcoin.com

Bitcoin

Non-fungible token (NFT) sales increased by 10.95% this week compared to the previous week, marking the second consecutive week of gains. Despite a 76.7% drop in the number of buyers, blockchain-issued digital collectibles achieved $141.73 million in sales. NFT Market Trends: Bitcoin and Ethereum Lead Sales Volume In the previous week, NFT sales had risen […]

ZRO token falls 17% amid controversy over LayerZero’s ‘not an airdrop’

56% of Fortune 500 Firms Pursue Crypto and Blockchain Projects, Says Coinbase

June 15, 2024 Bitcoin.com

bitcoin.com

A Coinbase report reveals that cryptocurrency and blockchain initiatives among Fortune 100 companies rose by 39% year-over-year, reaching a record high in Q1 2024. In addition, 56% of Fortune 500 companies are working on onchain projects. The report emphasizes the need for clear crypto regulations to retain talent and enhance U.S. leadership in crypto technology. […]

ZRO token falls 17% amid controversy over LayerZero’s ‘not an airdrop’

Analysts Predict BTC Hitting $200,000 Next Year and $1 Million by 2033 — ‘We Believe Bitcoin Is in a New Bull Cycle’

June 15, 2024 Bitcoin.com

Bitcoin

Global asset management firm Alliance Bernstein’s analysts predict that the price of bitcoin could soar to $200,000 by 2025, $500,000 by 2029, and an astounding $1 million by 2033. “We believe bitcoin is in a new bull cycle,” they said. Bullish Bitcoin Price Prediction Bernstein analysts Gautam Chhugani and Mahika Sapra shared their bitcoin price […]

Digital Assets