Crypto for Advisors: Crypto Trends

The digital asset market has begun transitioning from early adoption to mass adoption. A sea change in industry leadership, product development and fiduciary commitment swept crypto in 2023 and early into 2024.Source

DeFi Technologies Stock Sell-Off Is ‘Attractive Buying Opportunity,’ Benchmark Says

The stock lost nearly half of its value earlier this week following the tumble in altcoins and after the publication of a negative opinion piece in a crypto newsletter, the report said.Source

Telegram Is Crypto’s Adoption Machine

Telegram is onboarding the masses and ushering in a new era for public blockchains, says David Zimmerman, a research analyst at K33 Research.Source

Crypto Custody Firm Fireblocks Adds ‘One-Click’ Audits, Tax Reporting

Software from Web3 accounting company Tres works with a wide range of digital asset networks, and can be integrated with accounting software such as QuickBooks, Xero and NetSuite.Source

Michael Saylor’s MicroStrategy Acquires 11.9K More Bitcoin for $786M

The company held 214,400 bitcoins as of the end of April, which at current prices would be worth about $14 billion.Source

UK Regulator FCA Arrests Two People Associated With 1B-Pound Illegal Crypto Business

The two suspects were interviewed under caution by the FCA and then released on bail.Source

First Mover Americas: Crypto Assets Rally With BTC Returning to $66K

The latest price moves in bitcoin (BTC) and crypto markets in context for June 20, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.Source

Italy to Increase Surveillance of Crypto Market With Fines as High as 5M Euros: Reuters

Italy is set to adopt measures that will include high fines for those who manipulate the crypto asset market as part of a wider scheme to beef up surveillance of risks tied to the sector.Source

LayerZero Says Users Must Pay 10 Cents per ZRO to Claim Token

The donations appear to be mandatory and the LayerZero Foundation will match proceeds upto $10 million.Source

Stablecoin Issuers Now 18th Largest Holder of U.S. Debt

Stablecoin issuers are fast emerging as a significant source of demand for the U.S. Treasury notes as concerns about Washington’s debt management grow.Source