Crypto Biz: Binance seals USDC ties a year after BUSD exit
This week’s Crypto Biz also explores Microsoft’s board’s stance on Bitcoin, JPMorgan’s revision of mining stocks, MARA’s new BTC purchase and upcoming listings of crypto firms.
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Record $141M outflow from Bitcoin products signals institutions are bearish on BTC: CoinShares
Institutional investors withdrew a record $141 million from Bitcoin investment products this past week. 2764 Total views 4 Total shares The latest report from analytics firm CoinShares shows that outflows from institutional BTC investment products continue to surge. According to CoinShares’ June 7 Digital Asset Fund Flows Weekly report, institutional investors are continuing to reduce…

Ethereum supply plunges 37% on crypto exchange post the Merge upgrade
The decline in exchange supply, especially just weeks before the Shanghai upgrade, is being seen as a bullish sign. 134 Total views 1 Total shares Own this piece of history Collect this article as an NFTEther (ETH), the second-largest cryptocurrency by market capitalization, has seen a constant decline in the exchange supply over the past…

Nexo ‘surprised’ by state regulators’ actions, says co-founder
Kalin Metodiev, the co-founder and managing partner of crypto lender Nexo stated his firm was “surprised” by the way in which eight state regulators publicly took action against it for securities violations.Earlier this week the California Department of Financial Protection & Innovation (DFPI) filed a desist and refrain order against Nexo’s Earn Interest Product, claiming…

3 reasons Enjin Coin price surged by over 30% in a single day
ENJ, the native token of the Enjin blockchain ecosystem, is up 31% in the last 24 hours for three key reasons. 3660 Total views 32 Total shares The price of Enjin, the native token of the blockchain gaming and NFT-focused project, has surged by more than 30% in the last 24 hours.There are three major…

Senator and Crypto Critic Elizabeth Warren Enters 2020 US Presidential Race
United States Senator and cryptocurrency critic Elizabeth Warren has announced her bid for President in 2020, the New York Times reported on Dec. 31. Following her announcement, Sen. Warren made plans to visit the state of Iowa, which hosts the first presidential caucuses in the country in February 2020.Warren is the senior U.S. senator from…

UFC announces regional partnerships with top crypto-only sportsbook
The world’s top mixed martial arts promotion has announced a partnership with Latin American crypto-only casino, Stake.com. 2166 Total views 19 Total shares Ultimate Fighting Championship, the world’s leading mixed martial arts, or MMA, organization, has announced an exclusive partnership with Stake.com — a leading crypto-powered online casinos and sportsbook.The partnership announced on March 7, will…

Dragonfly Capital eyes $500M for fourth crypto fund
Dragonfly’s new crypto fund will target early-stage projects in the crypto space. Over 100 digital-asset startups are part of the firm’s portfolio.

Hong Kong ‘ready’ to capitalize on crypto’s next bull run: Hashkey Capital
Hong Kong is “very ready” for the next wave of mass crypto adoption, with an influx of crypto talent that has been spilling into the aspiring digital asset hub, says Jupiter Zheng, a partner at Hashkey Capital. Speaking to Cointelegraph, Zheng, partner of liquid funds and research at the investment arm of Hong Kong crypto firm