Monday June 24, 2024

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Your Weekly Update On All Things Crypto

TL;DR

MACRO NEWS

MicroStrategy Keeps Buying Bitcoin As Total Holdings Reach $15 Billion...



MicroStrategy recently disclosed acquiring nearly 12,000 additional Bitcoin (BTC) between April and late June 2024, bringing its total holdings to about 226,331 BTC valued at nearly $15 billion


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Bitcoin Dumps To Five Week Low As Investors Exercise Caution...



The price woes for both Bitcoin (BTC) and the broader crypto market persisted Friday evening as the flagship crypto dropped to its lowest level in over five weeks, dipping well below $64,000.


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Inaugural Solana ETF Will Launch On Toronto Stock Exchange...



The Cent3iQ Digital Asset Management, a Canadian fund manager specializing in digital assets, has initiated the process to publicly offer the first Solana exchange-traded fund (ETF) in North America.


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AI Crypto Tokens Skyrocket Thanks To Nvidia...


During a broader market downturn, crypto assets utilizing artificial intelligence (AI) have shown significant growth, driven by the widespread AI enthusiasm in both traditional finance and crypto markets. 


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Iran Will Officially Launch New CBDC Initiative In June...

The Central Bank of Iran (CBI) has initiated a public pilot for the Iranian national digital currency, targeting local micropayments. On June 18th, the CBI officially announced the launch of a trial program for a local Central Bank Digital Currency (CBDC), known as the digital Rial.


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Ethereum 2.0 Investigation To Be Formally Dropped By The SEC...


The United States Securities and Exchange Commission (SEC) has concluded its inquiry into Ethereum 2.0 and will no longer pursue legal action alleging that ETH sales constitute securities transactions, according to a recent announcement by Consensys.



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FUNDRAISING ANNOUNCEMENTS

Crypto Fundraising June 11 - 17...



It has been an incredible week for companies around the globe in terms of securing funding to fuel their growth and innovation. Here are some of the latest investment highlights between June 11 - 17.

  

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CONTENT OF THE WEEK

Crypto News: BTC Price, Ethereum ETFs Coming, TON, UNI & MORE!

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The Top Five Stories In Crypto This Week

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Crypto Super PAC Fairshake raised $160 million by end of May: CNBC Crypto World

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We at CryptoWeekly are not Financial Advisors. None of the content or opinions expressed in this newsletter should be considered financial advice. We highly recommend that you do your own research before investing in any project within or outside the cryptocurrency space.