Crypto market

BTC — $27142 +1.18%. Bitcoin fell to $26.63k in Hong Kong trading. Its price decreased by 7% in May, but still +62% for the year. On June 14, we are waiting for a new Fed decision. I do not think that before this time there will be a bull.

 

The alt market is green. Ether is trading at $1891. Altseason index 6, investor interest 50 (neutral). The trading volume is $30 billion.

Growth leaders among altcoins are PLSX, PLS, INJ.

Fall leaders are XDC, GRT, SUI.

BTC dominance is 47.61%.

 

Elon Musk is accused of DOGE Insider Trading

Investors filed a class action lawsuit accusing Elon Musk of using insider information to manipulate the price of the DOGE token. They claim Musk sold DOGE for $124 million in April after updating his Twitter logo and Dogecoin

 

Sandbox P2E Players Survived Weekend Shock

The Twitter of CEO and co-founder of the crypto game Sandbox was hacked and announced a fake SAND token giveaway.

A bunch of crypto owners bought into this post. Now they are figuring out how many tokens, lands, Persians, and skins the hacker managed to steal.

It was lucky that Arthur Madrid reacted quickly and restored access.

 

Tether strengthens its position with investment in bitcoin mining in Uruguay.

The company behind the most popular stablecoin USDT has invested a lot of money in a partnership with an unnamed Latin American miner.

The company previously said it would bolster its reserves by buying 15% of its profits in Bitcoin.

 

You can pay with FLOKI tokens on Aliexpress

The Floki Inu (FLOKI) project was inspired by Elon Musk, founder and CEO of Tesla. The appearance of crypto payments on Aliexpress became important news. Officially, in China, this field is completely banned. But locals are finding ways to bypass the block and buy cryptocurrency

 

A well-known tiktoker from the USA collected 71 covid loans and transferred everything to the crypto

Danny Dewan, at the age of 31, managed to be a Tiktok star, the owner of a luxurious mansion, a crypto millionaire, and a well-known investment consultant.

It turned out that all his windfall profits are not from successful investments in the crypt. In 2019-2020, he received 71 covid benefits totaling about $1.371 million.

In 2023, everyone discovered this. They took the mansion and confiscated Bitcoin and cash. And he will pay $ half a million in fines from above for his fraud.

 

PayPal Ventures invests $52 million in Magic startup

Crypto wallet-as-a-service crypto startup Magic has raised $52 million in a strategic funding round. PayPal Ventures fund became the main investor. Volt Capital, Cherubic Ventures, Northzone, KX, and Synchrony Ventures also took part in the financing round

 

In 3 years, the digital euro may appear in the EU

Already in June, the European Commission will develop a legislative framework for the introduction of the digital euro.

The ECB is studying the design of the digital euro, its distribution, and impact on the financial sector. A team of 50 people is working on the project. The Central Bank is in constant contact with the European Commission, which is due to submit a legislative proposal in June. This will provide the legal and regulatory framework for the digital euro.

Then, in October, the Governing Council will decide on the possible start of preparations for the development and testing of the digital euro. This stage can last two or three years. If the Governing Council and European legislators - Member States and Members of the European Parliament - agree, the ECB will be able to launch a digital euro in three to four years.