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Digital asset investment products saw a second consecutive week of outflows totalling $584m, shaving off $1.2bn in total. We believe this is in reaction to the pessimism amongst investors for interest rate cuts by the FED this year — link

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Spot Ethereum ETF issuers post fee and seed investment disclosures in latest wave of amended filings — link | tl;dr

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Gemini's founders, the Winklevoss brothers, donated $2 million in Bitcoin to Trump — link

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Monthly stablecoin transfer volumes have ~10x'd over the past 4 years. From $100B to $1T+ per month — link

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MicroStrategy has acquired an additional 11,931 BTC for ~$786.0M using proceeds from convertible notes & excess cash for ~$65,883 per Bitcoin — link

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Consensys still plans to pursue lawsuit against US SEC: report — link | tl;dr

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The number of mobile wallet users in crypto is now at an all time high of 28 million — link

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Bitwise discloses $2.5m seed investment in latest amended filing for its spot Ethereum ETF; also reveals that Pantera Capital is interested in purchasing up to $100m of shares in the ETF — link | tl;dr

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Since the beginning of 2023, Bitcoin's 60-day historical volatility has remained below 50%, a stark contrast to the significant fluctuations of 2022, when volatility exceeded 100% — link

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SEC's Head of Crypto Asset and Cyber Unit departs after nearly nine years — link | tl;dr

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Digital asset investment products experienced outflows totalling $600 million, the largest since March 22, 2024, likely due to a more hawkish-than-expected FOMC meeting, prompting investors to scale back their exposure to fixed-supply assets — link

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🔺 Happy anniversary to @unfolded!

For 6 years, we've been your trusted source for fast, to-the-point, actionable crypto news and insights.

We're proud to empower you through bull and bear, and grateful for your support!

Here's to many more years of walking together on the ever-evolving crypto market!

♥️ @nakamotocat

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Gemini to pay $50 million to settle New York crypto fraud claim — link | archive

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Paradigm raises $850 million for a third investment fund — link | tl;dr

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Swiss regulator shutters crypto-linked FlowBank, begins bankruptcy process — link | tl;dr

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Mt Gox trustee says will start Bitcoin, Bitcoin cash repayments starting beginning of July 2024— link

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Standard Chartered is launching spot crypto trading desk for Bitcoin, Ether — link | archive

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The CFTC is probing Jump Crypto, previously one of the sector’s biggest players — link | tl;dr

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Bitflyer to acquire Japan unit of failed cryptocurrency exchange FTX

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Binance ordered to pay $2.25 million fine by India’s financial watchdog — link | tl;dr

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Bitcoin spot ETF lists on main Australian stock market for first time as VanEck Bitcoin ETF started trading on the ASX on Thursday — link | archive

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US SEC closes investigation in Ethereum 2.0, ‘major win’ for industry: Consensys — link

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Ethereum ETF issuers working to address 'reasonable' comments from SEC by Friday: Sources — link | tl;dr

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Coinbase starts offering pre-launch markets trading on its international and advanced exchanges — link | tl;dr

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Tether announces launch of Alloy by Tether, a new digital asset backed by Tether Gold — link

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T-Mobile owner Deutsche Telekom will soon mine Bitcoin in addition to running nodes — link | tl;dr

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VanEck Bitcoin ETF will be the first spot Bitcoin ETF to trade on Australia's bourse from Thursday — link | archive

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Nigeria drops tax charges against Binance executives: family spokesperson — link | tl;dr

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USD-backed stablecoin continues to dominate the crypto market. Nearly 90% of all crypto transactions are executed using USD-backed stablecoins relative to the USD. Their average weekly volume in 2024 was $270bn which is 70 times higher than their EU counterparts.

In contrast, just 1.1% of all transactions are done using Euro-backed stablecoins. However, it is notable that this share has increased from near zero in 2020 and is currently at an all-time high — link

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Gensler sees spot ETH ETF S-1’s will likely be approved by the end of the summer — link | coindesk | tl;dr

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