Led by Executive Chairman Michael Saylor, the company as of the end of April held 214,400 bitcoins. This latest acquisition brings the company’s total holdings to 226,331 tokens worth just under $15 billion at bitcoin’s current price of roughly $66,000. The company’s bitcoins were purchased at an average price of $36,798 each, or roughly $8.33 billion. Source
“The FCA has an important role to play in keeping dirty money out of the U.K. financial system,” Therese Chambers, the FCA’s executive director of enforcement and market oversight, said in the statement. “These arrests show we will do everything in our power to stop crypto firms from operating illegally in the U.K.” Source
Crypto assets enjoyed a rally during the European morning, lifting bitcoin around 1.5% over 24 hours to $66,300 and ether 2% to $3,600. The broader digital asset market, as measured by the CoinDesk 20 Index (CD20) has climbed about 1%, with Avalanche’s AVAX the biggest gainer at just under 3.9%. XRP has risen by 1.5%, while Solana’s SOL gained 1.3%. SOL, as the closest thing to an ether competitor in the altcoin market, may be experiencing downside as traders anticipate the listing of spot ETH ETFs in the U.S., an…
“By donating to Protocol Guild, eligible recipients show long-term alignment with the LayerZero protocol and a commitment to the future of crypto,” LayerZero said in an X post. “To claim ZRO, users must donate $0.10 in USDC, USDT, or native ETH per ZRO. This small donation goes directly to the Protocol Guild.” Source
Tether Ltd, the issuer of tether (USDT), the world’s leading dollar-pegged cryptocurrency by market value, alone holds around $91 billion in Treasuries and Circle, the issuer of USDC, holds short-dated U.S. debt, including repos, worth $29 billion, according to Tagus Capital. Source
“What we’re talking about here is as good as the traditional infrastructure,” Newns said in an interview. “Now we’ve achieved that sort of equivalence for digital securities around the cash leg, these are eligible for inclusion in the collateral market so you can use them for repo. We have bridges into traditional finance, so an issuer can reach that entire liquidity base you get on a traditional exchange. And as a result of the project, participating members have now tripled, and are using us as a way to further their…
“When the price of Bitcoin falls, memecoins tend not only to follow, but to lose an even greater share of their value,” shared Neil Roarty, analyst at investment platform Stocklytics, in a Thursday email to CoinDesk. “Any plans for a memecoin summer may have to be put on hold.” Source
Exaion, which helps industries with digital transformation by focusing on addressing the energy efficiency of data centers, joins a pool of 32 validators on Cronos’ open-source Ethereum Virtual Machine (EVM) protocol. Cronos EVM interoperates with Ethereum and the Cosmos network and uses a proof-of-authority consensus mechanism. Source
Monochrome Asset Management’s Monochrome bitcoin ETF (IBTC) went live on June 4 on the Cboe Australia exchange, a smaller rival of ASX. Unlike VBTC, the fund holds bitcoin directly. Since its launch, IBTC has traded an average of around 55,000 units a day on daily average cash volumes of about A$550,000. Source
The ratio has declined 35% in one month, reaching the lowest since March 13. Source