Token Chronicle - June week 3

Top cryptos:

Meme of the week:

Quick bites:

• Nigeria has dropped its tax fraud charges against Binance.

• Turkey will introduce a 0.03% tax on cryptocurrency transactions.

• According to Forbes, CZ holds approximately 94 million BNB tokens, which is 64% of the circulating supply.

• The Ethereum ETF is expected to launch in the US on July 2, according to Eric Balchunas.

• Australia has just approved VanEck's BTC ETF, which will be launched on Thursday (has been launched).

• Major partnership between Alchemy Pay (blockchain infrastructure) and Plume (RWA tokenization): strengthening the integration of real assets into the blockchain ecosystem.

• Tether launches a new digital asset backed by gold: Alloy (aUSDT).

  Nvidia becomes the largest company in the world, surpassing Apple and Microsoft in market cap.

• Microstrategy buys an additional 11,931 BTC.

Market update: quite bearish at the moment, we hit 62K USD BTC this morning (which also impacted altcoins); this could be the time to buy back and reposition to take advantage of the potential rise next week with the start of Ethereum ETF trading in the US; however, we are not safe from a further drop in the coming days.

Main topics:

• The telecommunications giant Deutsche Telekom is venturing into Bitcoin mining (the biggest telecom company in Europe).

• The SEC has dropped its investigation into Ethereum and the MetaMask wallet in particular; a new victory for the ecosystem against the regulator.

• Nvidia has become the world's most capitalized company (just surpassed Microsoft).

• There is talk of the US ETH ETFs beginning trading on July 2; we'll see how that turns out.

• 11,000 people are now heated thanks to Bitcoin mining in Finland: Marathon Digital, a leader in Bitcoin mining, is now using the heat generated by its operations to warm a community of 11,000 inhabitants in Finland.

• Standard Chartered, one of the largest banks in the world, is about to launch a spot trading service for Bitcoin and Ether. This initiative seems to respond to the growing demand from institutional clients.

• There is talk of a potential Solana ETF soon in Canada.

• Microstrategy buys $786 million worth of BTC: On Thursday, Microstrategy announced the purchase of 11,931 new BTC valued at $786.0 million. The company’s Bitcoin reserves now account for 1.15% of the total market capitalization of the asset.