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CZ Advocates for U.S. Crypto Leadership in Recent CoinDesk Interview
Binance founder Changpeng Zhao, known as CZ, shares his vision for the United States as the potential 'capital of crypto' in an interview with CoinDesk. He discusses his insights on the crypto market, including its bear market causes and strategies for Binance.US to enhance liquidity.
9 hours ago·CoinDesk·Reported by Nikhilesh De
Samson Mow Claims Bitcoin Bottom Is Reached Despite Analysts' Doubts
Samson Mow argues that Bitcoin's price bottom has been established, asserting that the traditional four-year halving cycle is changing, as reported by CoinDesk. However, many analysts disagree, indicating potential for further price declines based on various technical indicators.
14 hours ago·CoinDesk·Reported by Olivier Acuna
Michael Saylor Confirms More Bitcoin Purchases Despite Stock Decline
Michael Saylor indicates further bitcoin purchases as Strategy holds 847,363 bitcoins valued at about $50.9 billion, according to CoinDesk. Despite bullish intentions, the firm's stock faces challenges amid scrutiny over its funding model and recent drops in share price.
14 hours ago·CoinDesk·Reported by Olivier Acuna
Bitcoin Drops Below $60,000, Facing Rare Back-to-Back Quarterly Losses
Bitcoin falls below $60,000 and is on track to end the second quarter down approximately 12%, marking back-to-back quarterly losses for the first time in its history, according to CoinDesk. Ether and various altcoins suffer even greater declines, raising questions about the market's direction heading into the third quarter.
21 hours ago·CoinDesk·Reported by Shaurya Malwa
Coinbase and OKX Court Binance's EU Users with New Bonuses After MiCA License Issues
Coinbase and OKX introduce sign-up bonuses for new users in the EU after Binance announced it would suspend services due to not obtaining a Markets in Crypto-Assets (MiCA) license. This development comes as Binance continues to pursue licensing in the EU but has withdrawn its application in Greece, according to CoinDesk.
2 days ago·CoinDesk·Reported by Olivier Acuna
Securitize to Begin Trading on NYSE Following BlackRock-Backed Merger
Securitize, a firm specializing in tokenization of real-world assets and backed by BlackRock, plans to begin trading next week under the ticker “SECZ.” The debut, which follows a merger with a blank-check company, will test Wall Street's interest in tokenized stocks, according to Decrypt.
2 days ago·Decrypt·Reported by André Beganski
Anti-Trafficking Group Raises Concerns Over Clarity Act's Section 604
The Alliance to End Human Trafficking warns that Section 604 of the Clarity Act could weaken accountability for crypto developers whose platforms might facilitate human trafficking, as reported by CoinDesk. Concerns center on language that limits liability for developers who do not control user funds, potentially allowing exploitation by bad actors.
2 days ago·CoinDesk·Reported by AI Boost
Virtuals' Jansen Teng Discusses AI Agents as Economic Actors
Jansen Teng of Virtuals highlights the evolving role of AI agents in an autonomous economic landscape, expanding beyond gaming into broader economic activities. According to CoinDesk, he envisions a future where these agents can manage wallets, trade, and perform specialized tasks with minimal human oversight.
2 days ago·CoinDesk·Reported by AI Boost
Kalshi Expands Reach with FIFA World Cup Partnership Amid Record Prediction Market Trading
Kalshi has announced a partnership with ADI Predictstreet, enhancing its visibility during the FIFA World Cup as trading volumes across prediction markets surge. Last week, weekly trading volumes reached $14.5 billion, with Kalshi capturing a significant share of sports wagers, according to Decrypt.
2 days ago·Decrypt·Reported by André Beganski
Strategy's Saylor Discusses 'Volatility Test' as STRC Declines Further
Michael Saylor, Executive Chairman of Strategy, addresses the continued decline of STRC as Bitcoin remains below $60,000. This insight comes as the company's capital structure attracts scrutiny amid ongoing financial challenges, according to Decrypt.
3 days ago·Decrypt·Reported by André Beganski
Securitize Plans to Raise $400 Million Ahead of NYSE Listing
Securitize aims to raise approximately $400 million through a merger with Cantor Fitzgerald-backed SPAC, set to close on July 1, pending shareholder approval. The tokenization firm is poised to list on the New York Stock Exchange under the ticker SECZ, as the market for tokenized real-world assets expands significantly, according to CoinDesk.
3 days ago·CoinDesk·Reported by Krisztian Sandor
Bitcoin Surges to $59,700 After Hitting $58,100 Amid Derivatives Liquidations
Bitcoin rebounds from an initial drop to $58,100, reaching approximately $59,700, as derivatives data indicates increased market stress, according to CoinDesk. This volatility sees over $1 billion in leveraged long positions liquidated, with ether failing to follow suit and continuing its decline.
3 days ago·CoinDesk·Reported by Oliver Knight
Investors Eye Strategy's June 30 Ex-Dividend Date and Dividend Rate Reset
Investors closely monitor Strategy's STRC preferred stock ahead of the June 30 ex-dividend date and monthly dividend rate reset, according to CoinDesk. Currently trading at approximately $73, the stock is 27% below its par value of $100, with expectations for the dividend rate to rise from 11.50% to at least 12%.
3 days ago·CoinDesk·Reported by James Van Straten
Binance Suspends EU Services After Failing to Secure MiCA License
Binance has informed users across the European Union that it will suspend certain services due to its failure to obtain a Markets in Crypto-Assets (MiCA) license by the July 1 deadline. After withdrawing its application in Greece, the exchange intends to pursue authorization in France, maintaining that it still aims to secure a license, according to CoinDesk.
3 days ago·CoinDesk·Reported by Olivier Acuna
Grant Cardone Promotes Real Estate-Backed Bitcoin Accumulation Strategy
Grant Cardone, CEO of Cardone Capital, states he will continue purchasing Bitcoin using cash flows from real estate, as reported by CoinDesk. He emphasizes that this model allows for regular Bitcoin acquisitions regardless of market fluctuations, contrasting it with traditional corporate treasury approaches that rely on stock or debt issuance.
3 days ago·CoinDesk·Reported by Shaurya Malwa
SBI Holdings Plans to Acquire Bitbank for $289 Million
SBI Holdings has announced its intention to buy cryptocurrency exchange Bitbank for approximately $289 million, as reported by CoinDesk. The acquisition is part of SBI's strategy to expand its crypto operations amid anticipated regulatory changes in Japan.
3 days ago·CoinDesk·Reported by Jamie Crawley
Strategy Experiences $13 Billion Bitcoin Paper Loss, Exceeding Many Token Market Caps
Strategy, under Executive Chairman Michael Saylor, reports over $13 billion in unrealized bitcoin losses, surpassing the market caps of many tokens, including dogecoin, according to CoinDesk. Their position in bitcoin exemplifies the risks associated with concentrating corporate capital into a single volatile asset.
3 days ago·CoinDesk·Reported by Omkar Godbole
Anthropic Urges U.S. Congress to Address AI Model Distillation by Chinese Entities
Anthropic claims that Alibaba-affiliated operators executed a widespread AI model distillation campaign against its Claude chatbot using thousands of fake accounts. The company has urged U.S. lawmakers to enhance export controls and penalize firms involved in such unauthorized extraction efforts, according to a report by Decrypt.
3 days ago·Decrypt·Reported by Jason Nelson