💰 NiceHash and Marathon partner to launch new firmware for miners

NiceHash, a leading Bitcoin hashing power marketplace, has partnered with Marathon Digital Holdings to introduce new custom firmware for ASIC miners on its platform. The new product, NiceHash Firmware, will leverage Marathon’s technology to enhance the efficiency and revenue of Bitcoin miners using ASIC devices. Miners who adopt this firmware will benefit from a low fee of 2%, which drops to 1.4% if they use NiceHash as their primary mining pool.

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@TradeCryptoNow

🪙 Crypto Investments Hit $1 Billion in May With Ethereum Dominating: KuCoin

KuCoin exchange’s research arm released a report on cryptocurrency performance in May, noting $1 billion in new investments – a slight decrease from April. Earlier this week, KuCoin Research published a report indicating that in May alone, the crypto realm saw a public disclosure of about 156 investments. The total amounts invested in the 156 projects summed up to about $1.02 billion.

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@TradeCryptoNow

🥇 Bitcoin transaction fees will surpass block subsidy predicts Marathon CEO Fred Thiel

Fred Thiel, CEO of Marathon Digital Holdings, shared his insights on several critical aspects of the Bitcoin landscape, focusing on transaction fees, hash rate resilience, and global expansion initiatives. Thiel highlighted the conditions of Bitcoin transaction fees, noting that large payloads requiring prioritization drive higher fees. He emphasized that transaction volume in the mempool is the primary driver, with various value-added services built on top of base transaction fees.

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@TradeCryptoNow

💰 US-listed Bitcoin miners hit record $22.8 billion market cap amid stock surge

Publically traded Bitcoin mining companies in the US briefly reached a combined market cap of $22.8 billion on June 15 amid a surge in their stock price during June. According to a recent analysis by JP Morgan, the growth is driven by an increase in network hashrate share and diversification into artificial intelligence (AI) data center ventures.

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@TradeCryptoNow

🪙 Ethereum ETF issuers working to address 'reasonable' comments from SEC by Friday: Sources

Prospective spot Ethereum ETF issuers received comments from the SEC last week regarding their S-1 forms with a deadline of this Friday to get them turned around, according to two sources. While the issuers saw their 19b-4 forms approved in May, they still need the S-1 forms to become effective before trading can begin — a process with no strict deadline. These forms are currently being reworked and sent back to the SEC for further comments before being reworked again until they’re ready.

Source

@TradeCryptoNow

🪙 Bitwise Investments Updates Ethereum ETF Filing, Reveals $2.5M Seed Interest

Bitwise Investments, a prominent cryptocurrency asset management firm that offers diverse investment products and services focused on digital assets, has updated its ether-based exchange-traded fund (ETF) S-1 filing with the U.S. Securities and Exchange Commission (SEC), revealing $2.5 million in seed investment interest.

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@TradeCryptoNow

🥇 Spot ETF basis trades driving 80% surge in CME bitcoin futures open interest, analyst says

Institutional investors are using spot bitcoin exchange-traded funds (ETFs) and the CME bitcoin futures market for basis trades, causing a sharp increase in open interest. "Spot bitcoin ETFs have contributed to an 80% increase in open interest on the CME bitcoin futures market year-to-date," CF Benchmarks lead research analyst Gabriel Selby told The Block.

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@TradeCryptoNow

🪙 Spot Ethereum ETF issuers post fee and seed investment disclosures in latest wave of amended filings

Firms fighting for a foothold in the Ethereum exchange-traded fund market submitted their amended registration statements in the last hours of the workweek. These filings furnished further details on seed investments and fees as they await the Securities and Exchange Commission's final sign-off. BlackRock, VanEck, Franklin Templeton, Grayscale Investments, Invesco Galaxy and 21Shares filed those amended statements Friday afternoon. So far, two of the issuers have disclosed fees.

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@TradeCryptoNow

🟠 Nigerian government defends treatment of imprisoned Binance executive after visit from U.S. lawmakers

U.S. lawmakers in recent weeks have called attention to the Nigerian government's treatment of detained Binance executive Tigran Gambaryan, who's been held by the African country since February on charges of money laundering and tax evasion. The Nigerian government, through a statement posted to the X account of its Minister of Information and National Orientation, Mohammed Idris, has called the allegations of poor healthcare "false," asserting that Gambaryan "...has access to quality medical care whenever required" along with consular services from his home government of the United States.

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@TradeCryptoNow

💰 Twitter founder Jack Dorsey gives presentation in Italy on how Bitcoin is permission-less freedom money 🇮🇹

“It could potentially be a compliment or replace the US dollar, which rules everything.”

- Jack Dorsey

🤝 @Cryptocurrency_Inside ✅
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💰 Metaplanet to issue $6.26M in bonds for Bitcoin purchase, shares up 12%

Metaplanet announced plans to issue 1 billion yen ($6.26 million) in bonds to fund additional Bitcoin purchases, according to a June 24 notice. Following the news, Metaplanet shares surged 12% to 96 yen ($0.60), continuing an uptrend that has seen it gain over 500% this year, according to Google Finance data. The company’s board has approved the decision, and the Bitcoin is intended for long-term holding.

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@TradeCryptoNow

⚡️⚡️⚡️⚡️⚡️⚡️: 🚨 Julian Assange has reached a plea deal with the U.S., allowing him to go free❗️

🤝 @Cryptocurrency_Inside ✅
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🏦 Coinbase could face regulatory challenges over alleged ‘tailored accounting metrics’ under new FASB rules

Coinbase could face regulatory challenges over its compliance with new FASB accounting rules that shift the accounting and disclosure for crypto to a fair-value model from a cost-less-impairment model, MarketWatch reported on June 24, citing accounting experts. The rules were agreed upon by the FASB in 2023 and will officially take effect in 2025. However, firms are allowed to adopt the standards early, and some, including Coinbase, have already done so.

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@TradeCryptoNow