Auto Added by WPeMatico

JPMorgan Questions Sustainability of $12 Billion Crypto Inflows

JPMorgan analysts have raised concerns about the sustainability of the $12 billion year-to-date inflow into crypto assets, given the current high bitcoin prices relative to production costs and gold. The…

Continue ReadingJPMorgan Questions Sustainability of $12 Billion Crypto Inflows

US-Listed Bitcoin Miners Hit Record Market Cap of $22.8 Billion, JPMorgan Says

As of June 15, U.S.-listed bitcoin miners have reached a record market capitalization of $22.8 billion, according to global investment bank JPMorgan. This surge is led by significant gains in…

Continue ReadingUS-Listed Bitcoin Miners Hit Record Market Cap of $22.8 Billion, JPMorgan Says

US Supreme Court to Hear Nvidia’s Bid to Dismiss Crypto-Related Lawsuit

The U.S. Supreme Court has agreed to hear Nvidia’s appeal to dismiss a securities fraud lawsuit accusing the company of misleading investors about its sales to the cryptocurrency industry. Nvidia’s…

Continue ReadingUS Supreme Court to Hear Nvidia’s Bid to Dismiss Crypto-Related Lawsuit

Fed President Kashkari Finds Bank of America’s December Rate Cut Prediction Reasonable

Minneapolis Federal Reserve President Neel Kashkari addressed Bank of America’s prediction for a potential Fed interest rate cut this year in an interview with CBS News on Sunday. Bank of…

Continue ReadingFed President Kashkari Finds Bank of America’s December Rate Cut Prediction Reasonable

Zksync’s ZK Token Debuts With $932M Valuation, South Korean Market Shows Strong Interest

Zksync’s token, known as ZK, is currently trading at a value 19% below its initial price of $0.321 during early morning sessions. The new cryptocurrency’s market valuation stands at $932.14…

Continue ReadingZksync’s ZK Token Debuts With $932M Valuation, South Korean Market Shows Strong Interest

Singapore’s National Goalkeeper, Hassan Sunny, Appointed as Chief Security Officer for HTX Global and TRON

Singapore’s national goalkeeper, Hassan Sunny, has been appointed as the Chief Security Officer and spokesperson for HTX Global and TRON. The announcement was first made by Justin Sun on social…

Continue ReadingSingapore’s National Goalkeeper, Hassan Sunny, Appointed as Chief Security Officer for HTX Global and TRON

Australian Securities Exchange (ASX) Approved Listing Its First Bitcoin ETF

Vaneck, a global investment firm, has announced the launch of the Vaneck Bitcoin ETF (VBTC), the first Bitcoin exchange-traded-fund on the Australian Securities Exchange (ASX). Set to commence trading on…

Continue ReadingAustralian Securities Exchange (ASX) Approved Listing Its First Bitcoin ETF

Japanese Regulator Issues Warning to Unregistered Crypto Platform Lbank Exchange

The Financial Services Agency (FSA) of Japan issued a warning to Lbank Exchange, an overseas cryptocurrency platform, for operating without registration. Lbank, which ranks 56th in trading volume according to…

Continue ReadingJapanese Regulator Issues Warning to Unregistered Crypto Platform Lbank Exchange

Putin Criticizes U.S. Dollar’s Lack of Gold Backing, Calls for Alternative Payment Systems

Russian President Vladimir Putin criticized the United States for its abandonment of the gold standard, remarking in a Sputnik-released video that the U.S. dollar is now a trust-based currency without…

Continue ReadingPutin Criticizes U.S. Dollar’s Lack of Gold Backing, Calls for Alternative Payment Systems