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Crypto Today: Bitcoin, Ethereum, XRP recovery slows amid incessant capital outflows
The cryptocurrency remains in a broader corrective bias on Friday, despite majors such as Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) holding slightly higher than early-week support levels. Bitcoin hovers around $63,500 amid a capped upside.
Former SEC Chair Gensler files an amicus brief arguing the CFTC lacks authority to regulate sports-related prediction markets
Gary Gensler, the former chairman of both the SEC and CFTC, has filed an amicus brief with the Sixth Circuit Court of Appeals arguing that federal law does not grant the CFTC authority over sports-related prediction markets. Gensler, who needs no introduction to anyone with exposure to the crypto sector during the Biden administration, claims...Cryptopolitan
Fri, Jun 12
a16z crypto puts $100 million behind Canton as privacy demand reshapes blockchain investment
Andreessen Horowitz’s crypto arm, a16z crypto, has invested $100 million in Digital Asset, the company behind the Canton blockchain. The venture capital fund is betting that privacy technology will unlock the next wave of institutional adoption, and it adds to the growing consensus that transparent ledgers, long a selling point for public blockchains, are now...Cryptopolitan
Fri, Jun 12
SEC takes aim at 20-year-old rules, Tokenized stocks next?
On June 11, the United States Securities and Exchange Commission (SEC) proposed to repeal rules 611 and 610(e) of the Reg NMS. The two regulations represent key regulations governing the equity markets in the United States. A 60-day public comment period is now open, with the revised regulation expected to be completed in the first...Cryptopolitan
Fri, Jun 12
Cardano Price Forecast: Whale selling, cautious derivatives limit ADA rebound
Cardano (ADA) is trading near $0.170 at the time of writing on Friday after staging a modest rebound from last week's sharp correction. However, the recovery remains fragile as large holders have resumed reducing their positions, adding fresh selling pressure to ADA.
Fxstreet
Fri, Jun 12
LIVE: Elon Musk’s SpaceX goes public today. Watch as it happens
SpaceX begins trading on Wall Street today after raising $75 billion in a record-breaking IPO. The IPO values SpaceX at $1.77 trillion, with shares priced at $135 each. Underwriters can buy another 83.3 million shares, which could lift the IPO size to about $86 billion.Cryptopolitan
Fri, Jun 12
Avalanche Treasury’s debut slump could challenge Crypto proxies
Avalanche Treasury Co. (Nasdaq: AVAT) posted a drop of 38.13% on its first day of trading, closing at $1.85 from an initial price of $2.99 on June 11. The sharp price drop is likely to lead to doubts regarding whether institutional money will continue to invest in crypto treasuries that operate within one ecosystem and...Cryptopolitan
Fri, Jun 12
Quantum computing could eventually break crypto wallets, and Coinbase says the fix must start now
In its report released on June 11, Coinbase’s Quantum Advisory Board (CQAB) urged blockchain developers and crypto holders to begin migrating toward quantum-resistant cryptography. They warned that billions of dollars’ worth of cryptocurrencies stored in wallets can be stolen by quantum computers in the future when quantum computing technology reaches a sufficiently mature stage. Major...Cryptopolitan
Fri, Jun 12
Solana Price Rallied 2,000% The Last Time This Happened, And It Just Triggered Again
The Solana price is drawing renewed attention after months of declines, selling pressure, and mixed performance. Market analyst Crypto Patel highlighted in a recent X post that SOL is currently trading near a historical price level that previously triggered a massive 2,000% rally during the 2023 cyc...Bitcoinist
Fri, Jun 12
Blockrise CEO calls ‘anarchistic neobanks’ Bitcoin’s next frontier as crypto banking reshapes global markets
Bitcoin’s next big revolution lies in a new generation of “anarchistic neobanks” that have been dubbed by the founder of Blockrise, Jos Lazet, as reported by The Block. He said this as a growing number of crypto-native banks and financial platforms challenge the traditional banking model and change the way digital assets flow through the...Cryptopolitan
Fri, Jun 12
Pi Network Price Forecast: Bulls attempt comeback as bearish strength fades
Pi Network (PI) is trading at around $0.120 on Friday after a modest recovery the previous day. Despite this recent rebound, traders should be cautious as a scheduled unlock of 14.8 million PI tokens on Friday could limit the token's recovery potential by increasing market supply.Fxstreet
Fri, Jun 12
Bitcoin Puell Multiple Falls To 0.74 As Miner Revenue Slides
Bitcoin on-chain data shows the Puell Multiple indicator has observed a decline recently. Here’s what this could imply for the network. Bitcoin Puell Multiple Has Dropped To The 0.74 Mark As highlighted by CryptoQuant author Axel Adler Jr in an X post, the Bitcoin Puell Multiple has gone down ...Bitcoinist
Fri, Jun 12
Nakamoto cuts debt with $48M Bitcoin sale as treasury firms prioritize balance sheet strength
Bitcoin treasury company Nakamoto sold approximately 600 BTC and related derivatives, according to a statement on Thursday. The company used the proceeds to reduce debt, lower financing costs and extend the maturity of a major loan facility.Fxstreet
Fri, Jun 12
Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC tests key resistance, ETH stabilizes, XRP shows signs of bearish exhaustion
Bitcoin (BTC) is attempting to reclaim the key $64,000 resistance level on Friday after staging a modest recovery from recent declines. Ethereum (ETH) is stabilizing above $1,660 after a slight rebound, while Ripple (XRP) momentum indicators suggest weakening bearish pressure.Citigroup to launch blockchain platform for tokenized shares of private companies
Citigroup is preparing to launch a blockchain-based platform that will allow wealthy and institutional investors to trade tokenized shares of private companies, according to a Thursday report by The Wall Street Journal.Fxstreet
Fri, Jun 12
Ethereum Ecosystem Milestone: On-Chain Activity Across The Network Explodes To Historic Levels
With the bearish pressure around Ethereum and its market building strongly, its price could retest the $1,500 support level sooner than expected. One good thing during this bearish phase is that the ETH network has continued to showcase robust growth as activity on the chain revisits historic levels...Bitcoinist
Fri, Jun 12
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