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Here’s what happened in crypto today

Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation. A notorious and upgraded crypto drainer is back, and is being called AngelX. The United States Commodity Futures Trading Commission (CFTC) has charged Uniswap with illegal derivatives…
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The singularity: How AI could become the final boss whale of crypto

World-renowned futurist Ray Kurzweil says the singularity is coming sooner than expected. Everyone from Elon Musk to the CEO of Google DeepMind has predicted that artificial intelligence will surpass human intelligence within a matter of decades. This scenario is often referred to as the AI singularity. Big Tech, academia and governments around the world have…
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Crypto analyst doubts Bitcoin dominance is ‘going back up’ to 70% again

Crypto analyst Benjamin Cowen expects Bitcoin dominance to make its “final move” to 60% either in September or, at the latest, by December 2024. A popular cryptocurrency analyst doubts that Bitcoin dominance will return to the levels it reached in December 2020, before the asset’s price surged approximately 220% within three months. “I don’t think…
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Crypto user fat fingers $90K fee for a $2K ETH transfer

An anonymous user appears to have accidentally spent 34 ETH to transfer a little more than $2,200 in ETH. An unknown crypto user appears to have accidentally spent $90,000 in gas fees in what should’ve been a simple transfer of $2,200 in Ether. The user spent 34.26 Ether  — worth $89,200 at current prices —…
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10 signs you’ve been in the crypto industry too long

Discover the telltale signs of a true crypto veteran through market crashes, memecoins, and the highs and lows of digital gold. A market crash recently sent shockwaves across global financial markets, sending Bitcoin below $50,000 for the first time since your grandma asked you what a Dogecoin. But you’re as cool as a cucumber because…
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Crypto startup launches tokenized US Treasury bonds on Bitcoin layer-2s

The new tokenized assets offer the stability of the Bitcoin network with admirable yield. Crypto startup Hamilton has launched tokenized United States Treasury bonds on Bitcoin layer-2 blockchains. The company claims the launch is the first of its kind. Hamilton U.S. T-Bills (HUST) will be available on the Stacks, Core and BoB (Build on Bitcoin)…
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Coinbase chips in another $25M to crypto super PAC Fairshake

Coinbase has joined Andreessen Horowitz and Ripple in donating $25 million to the crypto-focused super PAC ahead of the United States elections. Crypto exchange Coinbase says it donated $25 million to crypto-focused super political action committee (PAC) Fairshake as it ramps up lobbying ahead of the November United States elections. In a June 3 blog…
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Crypto exchanges see $3B Ethereum exit since ETF approvals

Only 10.6% of the total Ether supply is currently on centralized crypto exchanges, its lowest level in years. Over $3 billion worth of Ether  has been removed from centralized crypto exchanges since the May 23 approval of spot Ether exchange-traded funds (ETFs) in the United States — signaling a potential upcoming supply squeeze. The amount…
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Romance and crypto scams surge on Canadian dating apps

Crypto scammers are desperately trying to hit it off with Canadians on dating apps and websites this summer.  However, many hopeless romantics are paying a hefty price in the process. The Canadian Anti-Fraud Centre (CAFC) noticed an increase in two particular types of crypto scams targeting Canadian citizens — pig butchering, or romance scams, and…
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Crypto venture capital funding hits $1B for second straight month

It is the first time since late 2022 where the industry has recorded two consecutive funding months above $1 billion. Crypto venture capital funding has topped $1 billion for the second consecutive month this year. April’s $1.02 billion in funding came across 161 investment rounds in April, marking a minor fall from the $1.09 billion…
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