Gemini will pay $50 million in settlement to NYAG for fraud.

Cryptocurrency exchange Gemini has agreed to pay $50 million in damages to the New York Attorney General (NYAG) for misleading about a quarter of a million investors. NYAG Letitia James said the cryptocurrency exchange defrauded investors, including New Yorkers, in investments related to its Gemini Earn program when withdrawals stopped in November 2022.

 

The Aragon Project is launching a new control center for Polygon.

The Aragon project, known for its decentralized management tools, has partnered with Polygon to create a new control center. This center aims to provide the infrastructure and tools to enable communities to effectively manage their decisions and resources. The main goal is to promote more transparent and participatory governance in the Polygon ecosystem.

The launch of this hub is a significant step towards greater decentralization of Polygon management. Here are some key benefits:

 • Increased participation: Polygon users will now have easier access to governance processes, allowing for broader and more diverse participation.

 • Increased transparency: With Aragon tools, all decisions and transactions will be transparent and accessible to all members of the community.

 • Flexibility and adaptability: The hub offers modular solutions that can be tailored to the specific needs of different projects within Polygon.

 

Turkey wants to introduce a tax of 0.03% on crypto transactions.

The Turkish government is preparing to implement budget reform and introduce new taxes, including a 0.03% tax on cryptocurrency transactions. According to experts, this step will allow the country’s authorities to solve problems with the state budget deficit that arose after the large-scale earthquake of 2023.

Implementing a transaction tax on cryptocurrency trading could provide “a significant windfall in challenging economic conditions,” according to Bloomberg.

Taken together, the introduction of new taxes could add up to 226 billion liras ($7 billion) to Turkey's state budget.

Currently, changes to the tax code are being considered by the country's parliament. It is expected that political disagreements will arise due to the innovations. However, President Recep Tayyip Erdogan's ruling party, which has a parliamentary majority, is likely to approve a 0.03% tax on crypto transactions.

 

Toncoin has updated its all-time high.

On June 14, 2024, the Toncoin (TON) token reached a new all-time high at $8.15, after which it rolled back. The asset's capitalization increased to $19.5 billion.

The asset's capitalization reached $19.5 billion on June 14. Over the past 24 hours, this figure has grown by more than 6%, according to CoinMarketCap. Since the beginning of June, capitalization has increased by $4.4 billion.

The publication BeInCrypto associated the current trend with the rapid growth of the Tap-to-Earn sector of projects in the Telegram messenger, which are likely to be launched on the basis of The Open Network.

 

Dogecoin ETFs could launch in 2025.

BitMEX platform founder Arthur Hayes said in an interview that Dogecoin ETFs could launch before the end of the current cryptocurrency bull cycle in 2025. According to him, this oldest meme coin was launched on Robinhood in the US because it is considered one of the few that have real value. According to the specialist, the remaining assets in this category do not carry a cultural idea.

 

Tether launches Alloy, a gold-backed stablecoin pegged to the US dollar.

Tether announced the launch of a new gold-backed stablecoin called Alloy (aUSDT) pegged to the US dollar. This is the first asset released on the newest Alloy by Tether platform.

According to the company, Alloy will be over-backed by Tether's XAUT, a token pegged to physical gold, but aUSDT itself will be pegged to the US dollar. Essentially, the new token is a synthetic dollar designed to replicate the value and functionality of the US dollar without being directly backed by it.

Alloy explained that stablecoins are “digital assets that seek to track the underlying price of another asset through various stabilization mechanisms.”

 

The German government holds $2.83 billion worth of Bitcoin.

In January 2024, analysts on the Arkham Intelligence platform identified an address of almost 50,000 BTC belonging to the German government. On June 19, about 6,500 BTC were withdrawn from it for $425 million. Encrypted writes about this.

Several large transactions were made from a crypto wallet that had not shown any activity for several months. The funds are believed to have been confiscated from the operator of the pirated website Movie2k.
 

Nvidia became the most valuable company in the world with a capitalization of $3.33 trillion.

On June 18, 2024, Nvidia's market capitalization reached a record high of $3.3 trillion. It overtook Google, Apple and Microsoft to become the most valuable company in the world.

Until recently, this ranking was headed by Microsoft Corporation. At the beginning of June, Nvidia's capitalization exceeded $3 trillion. This allowed the company to enter the top 3 global companies.

Nvidia shares closed at $135.58 on Tuesday. They have more than tripled over the past 12 months. The video chip maker's stock has outperformed the S&P 500 in 2023, according to the WSJ.

 

Notcoin will abandon the idea of ​​a clicker game.

The developers of the gaming Web3 project Notcoin want to move away from the clicker idea to create a more sustainable model. The creator of the game, Alexander Plotvinov, told The Block about this.

According to him, clickers will not have long-term success among users and will not contribute to attracting income.

“I don't think this will last forever. From my point of view, only games with sustainable models will survive,” Plotvinov said.

Over the next four years, the developers plan to turn Notcoin into an independent center for launching third-party ecosystem projects, through interaction with which users will be able to earn NOT tokens. The number of such campaigns will reach 50-100 per week.