The small country on the Arabian Peninsula sees CBDC as part of its national development strategy.
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Howdy!
It’s summertime in Brooklyn, which means stooping season is in full swing. I might go wander around Park Slope later to see if I can find one of those chairs shaped like a hand sitting out on the sidewalk.
But as for today’s Solana stuff:
Switchboard hauls in $7.5M despite sleepy venture week
June is here, and the markets appear to be taking a summertime nap.
Solana’s often-bumpy price chart has sat mostly between $160 and $170 for 10-plus days now, and the venture market has similarly zenned out.
Of the venture deals announced in recent days, perhaps the most notable came from oracle platform Switchboard, which closed a $7.5 million Series A. Tribe Capital and…
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BIGCAP COINS:
- Toncoin: Market Cap of $15.9 Billion.
- Bitcoin: Market Cap of $1.3 Trillion.
- dogwifhat: Market Cap of $3.3 Billion.
MIDCAP COINS:
- Notcoin: Market Cap of $2.2 Billion.
- Panda Swap: Market Cap of $5.4 Million.
- cat in a dogs world: Market Cap of $385 Million.
RISING COINS:
- Pepe: Market Cap of $6.9 Billion.
- PepeFork: Market Cap of $76.4 Million.
- Elon: Market Cap of $12.1 Million.
Disclaimer: Market capitalizations can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.
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Notcoin became the fifth most-traded cryptocurrency on Monday, beating the trading volume of Circle’s USDC stablecoin, as social interest continues to drive its price action.
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OKX, a leader in cryptocurrency services, has officially launched its centralized exchange (CEX) and Web3 wallet in the Netherlands, marking a significant milestone in its European expansion. Dutch users now have the opportunity to trade approximately 150 cryptocurrencies, including 60 pairs priced in euros. The integration with the local iDeal payment system facilitates free euro deposits, enhancing user accessibility and convenience.
In addition to trading, Dutch customers can engage in cryptocurrency staking through the OKX platform, which ensures full custody of their digital assets via the newly launched OKX Wallet. This launch follows the rebranding from Okcoin Europe to OKX in April, underscoring the company’s commitment to adapting its services based on Dutch user feedback and employing a local expert team.
The introduction of OKX’s advanced crypto services in the Netherlands, paired with a welcoming bonus of up to 50 euros for new users, positions the company as a pivotal player in fostering cryptocurrency adoption and financial innovation within the region. Interested individuals can sign up on the OKX website or through its mobile applications by July 3 to avail of the introductory offer.
Bitcoin’s performance in June has seen dramatic fluctuations over the past decade, highlighting the cryptocurrency’s volatile nature.
In 2012, Bitcoin recorded a remarkable return of +29.2%, reflecting a strong market surge. Other years with significant positive returns include 2016 and 2019, with +26.8% and +27.1% respectively, indicating periods of bullish sentiment and strong investor confidence.
On the other hand, June has also seen notable downturns. In 2022, Bitcoin experienced a sharp decline of -37.9%, marking one of the most challenging months for the cryptocurrency. Similarly, 2018 and 2021 saw declines of -15.4% and -6.38% respectively, underscoring the market’s inherent risks.
Some years showed modest gains or minor losses. For instance, 2014 saw a small increase of +2.5%, while 2015 recorded a return of +14.3%. Conversely, 2013 and 2020 were tough, with returns of -25% and -3.5%, indicating mixed market conditions.
In 2017, Bitcoin had a moderate return of +8.4%, and more recently, 2023 saw a gain of +11.9%, showing positive movement in the market despite overall volatility.
This historical analysis of Bitcoin’s June returns underscores the importance of understanding market trends and being prepared for both the highs and lows of investing in this volatile asset.
Disclaimer: Market capitalizations and data can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.
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A new slate of amended spot ether ETF applications are in, and at least one more round is expected before the products are able to launch.
The latest document dump suggests another fee battle is in store and revealed that one issuer has decided to focus more on bitcoin.
While the Securities and Exchange Commission on May 23 approved 19b-4 proposals filed by Cboe, NYSE Arca, and the Nasdaq to list such funds, the regulator now turns to finalizing S-1 registration statements as a last step before launch.
Read more: On the Margin Newsletter: What needs to happen before ETH ETFs hit your brokerage accounts
BlackRock revealed its $10 million in seed capital and authorized participants…
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Michael Saylor and MicroStrategy will pay $40 million to resolve a tax fraud case with the Washington DC Attorney General’s office.
AG Brian Schwalb posted about the resolution in a series of X posts.
The case marks the “largest income tax fraud recovery” in DC history, Schwalb said.
“Saylor illegally pretended to live in lower-tax jurisdictions to avoid paying taxes on hundreds of millions of dollars of income — all while living in a 7,000 square foot Georgetown penthouse and docking multiple yachts at Washington Harbour,” Schwalb added.
According to court documents, MicroStrategy and Saylor will pay a total of $40 million to resolve the case.
Read more: Bitcoin…
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BTC price momentum is building as Bitcoin bulls attempt to cement $69,000 as support this month.
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