Early Buyers of Andrew Tate’s DADDY Meme Coin Apparently Sitting on $45M in Unrealized Value

There is no evidence to show Tate sold tokens from his doxxed wallets, but some supposed “insider” buying activity before the token’s promotion on X shows too much of the token in too little hands.Source

White House Expected to Nominate CFTC Commissioners to FDIC, Treasury Roles: Reports

The White House is expected to nominate Commissioner Christy Goldsmith Romero as the next Federal Deposit Insurance Corporation Chair media outlets have reported.Source

Crypto Markets Have Seen $12B of Net Inflows This Year, JPMorgan Says

Most of the $16 billion inflow into spot bitcoin ETFs since their launch likely came from existing digital wallets on exchanges, the report said.Source

Consensys Helps Decentralize Hollywood With Film.io and VillageDAO Partnership

Film.io is the first partner to join VillageDAO, a smart contract framework and service provider for Web3 communities.Source

NEAR Foundation Forms Nuffle Labs With $13M in Funding

The spinout is aimed at advancing NEAR’s modularity and bringing more decentralized development to the ecosystem.Source

First Mover Americas: Bitcoin Holds $67K, CRV Slides

The latest price moves in bitcoin (BTC) and crypto markets in context for June 13, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.Source

Australia’s Treasury to Include Stablecoin Rules in Crypto Bill Draft, ASIC’s Warning For Crypto Entities

Australia’s regulators have provided rare updates on their plans for the digital assets sector, including plans to introduce a draft framework for stablecoins and hinted that more enforcement is on its way against unlicensed entities during an event in Sydney on Wednesday.Source

MicroStrategy Proposes $500M Convertible Notes to Boost Bitcoin Stash

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Paxos Cuts 20% of Staff: Reports

Bloomberg report says the company will have an increased focus on tokenization.Source

Stick With Bitcoin, Avoid Ether, 10x Research Says After Fed Predicts Just One Rate Cut For 2024

ETF inflows resumed Wednesday as U.S. inflation came in lower-than-expected.Source