Crypto News Today – June 17th, 2024

Welcome to “Crypto News Today,” your daily summary of significant happenings in the Cannabis Industry.

Bitcoin Plunges to $65K, Altcoins Bleed 

Bitcoin has dropped to $65,000, with altcoins suffering significant losses of 10-20% amid a turbulent week for the cryptocurrency market. Investors are facing a challenging environment as the market sentiment turns negative.  Read all about it on the TDR Website!

Ether Sees Long-Term Holder Accumulation 

Despite a recent 2% price dip, Ether is experiencing significant accumulation by long-term holders. This trend suggests confidence in Ethereum’s long-term potential and stability.

Multiple Claims on Bankman-Fried’s Seized Assets

In the FTX bankruptcy proceedings, three groups have filed claims over Sam Bankman-Fried’s seized assets, including funds, private jets, and Robinhood shares. This legal battle complicates the distribution process to creditors and stakeholders.

MicroStrategy Ups Bitcoin Investment 

MicroStrategy has increased its convertible note offering by 40% to $700 million, continuing its aggressive Bitcoin acquisition strategy. This move reflects the company’s strong belief in Bitcoin’s future growth potential.

South Africa Re-elects Cyril Ramaphosa 

Cyril Ramaphosa has been re-elected as South Africa’s president. This political stability may positively influence the country’s economic policies, including those related to cryptocurrency regulations.

Read more crypto news on the TDR Website!

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