Crypto News Today – June 26th, 2024
Welcome to “Crypto News Today,” your daily summary of significant happenings in the Crypto Industry.
Ethereum Futures Market Outlook
Recent analysis of Ethereum futures markets indicates a bleak outlook for a rally to $3,700, with market indicators suggesting minimal chances of such a surge. This is seen as a reflection of current market sentiment and investor caution. Read all about it on the TDR Website!
Solana Introduces ‘Blinks’ and ‘Actions’
Solana has unveiled two new features, ‘Blinks’ and ‘Actions’, allowing users to trade cryptocurrency seamlessly on their favorite social media platforms. This integration aims to simplify crypto trading and increase accessibility for a broader audience.
Mt. Gox Redemption Fears Addressed
Traders have downplayed concerns regarding the Mt. Gox redemption process, reassuring that the $10 billion in Bitcoin holdings will not significantly disrupt the market. The sentiment among market participants suggests confidence in the controlled release of these funds.
Strike Expands to the UK
Bitcoin payments app Strike has launched in the UK as part of its global expansion strategy. This move aims to enhance cross-border payment solutions and make Bitcoin transactions more accessible to users in the region.
FTX Bankruptcy Repayment Plan Vote
FTX customers are set to vote on a proposed bankruptcy repayment plan. This plan is crucial for determining how the remaining assets will be distributed among creditors and customers following the platform’s financial collapse.
Hut 8 Receives $150 Million for AI Computing Power
Bitcoin mining company Hut 8 has secured $150 million to enhance its AI computing capabilities. This investment will support the company’s expansion into the AI sector, leveraging its existing infrastructure to provide advanced computing power.
Read more crypto news on the TDR Website!
