Market
Analysis
Investors flock to Bitcoin as Ethereum records 9 consecutive weeks of outflow
While Bitcoin recorded an inflow of $126 million during the week, Ethereum saw another week of outflow.
Regulation
New US bill looks to incorporate crypto into the traditional financial system
Senator Cynthia Lummis has introduced a new bill aimed at totally incorporating digital assets into the U.S. financial system.
Legal
Texas to launch investigation into Twitter 5% bots claim
Twitter has until June 27 to respond to Texas Attorney General Ken Paxton’s request for its documents on its user numbers.
Taxes
Australian mayor suggests crypto as tax payment option
Gold Coast Mayor Tom Tate has revealed that the city could be open to accepting its taxes with cryptocurrencies like Bitcoin despite the volatile nature of the industry.
NFTs
BAYC smart contract function allows unlimited minting of new Apes by single wallet
A smart contract function on Bored Apes would allow a wallet to mint an unlimited number of new Apes, which could lead to a market shifting effect.
Taxes
Indian Terra investors facing 30% tax on LUNA 2.0 airdrop despite losses
Indians who received the LUNA 2.0 token via airdrop may have to part with as much as 30% of it due to the crypto tax policy in the country.
Adoption
Central African Republic to tokenize natural resources
The president has directed the parliament to prepare a strategy that will create investment opportunities in the country.
Scams
New crypto scam targets tech savvy individuals
The FBI has alerted the public to the prevalence of this “pig slaughtering” scam technique saying it received over 4,300 complaints about it in 2021.
Adoption
Retirement service provider sues US Labor Department over crypto guidance
ForUsAll says the guidance provided by the regulator was a violation of the Administrative Procedure Act (APA).
Analysis
New stats show Cardano on the up despite ‘crypto winter’
The largely positive metrics have also reflected in the price performance of ADA in the last 2 weeks. The token has risen by 10.8% in the last 14 days and 9.3% in the last seven days.
Politics
This U.S. Senate candidate wants to make Dogecoin legal tender in California
Timothy Ursich has urged the chief executive officer of Tesla, Elon Musk, and Dogecoin co-founder Billy Markus, to support his campaign in California.
Adoption
Optimism community proposal seeks to ban OP dumpers from future airdrops
The proposal comes barely a day after the Ethereum scaling solution airdropped its governance tokens to early adopters.