🚀 Galaxy Digital CEO, Michael Novogratz, has doubled down on his love for memecoins, calling them a "cornerstone" of the crypto industry. Despite some naysayers dismissing them as "silly casino chips," Novogratz insists there are two ways to strike it rich in the memecoin world. First, have a quirky sense of humor and pick the right memecoin. He cites his son-in-law's success with Dogwifhat, a coin that might make you chuckle but is now worth a cool $3 billion. The second method? Create your own memecoin! However, not everyone is on board with Novogratz's memecoin enthusiasm. Critics argue that the real cornerstone of the crypto economy is yet to emerge.

🐳 Bitcoin whales made a splash on June 11, gobbling up a cool 20,600 BTC worth $1.38 billion during the price dip. According to CryptoQuant, this was the biggest feeding frenzy since February 28. Meanwhile, Bitcoin's supply on exchanges fell to a low not seen since December 2021, hinting at bullish market sentiment. But don't think Ethereum whales are napping! They've recently chomped down on over 240,000 ETH worth nearly $840 million. However, unlike Bitcoin, the supply of Ether on exchanges has increased. Stay tuned for more in the exciting world of crypto marine biology! 🌊

🥊 Former pro kickboxer Andrew Tate's memecoin, Daddy Tate (DADDY), is knocking out the competition! Despite accusations of insider trading, DADDY's market cap has soared to $300 million, with its price punching up 218% in a day. 📈 Meanwhile, rapper Iggy Azalea's Mother Iggy (MOTHER) token is singing the blues, with its market cap nearly halved from its peak. 📉 But watch out! Crypto analytics firm Bubblemaps warns of suspicious insider activity, with a handful of wallets holding a significant chunk of DADDY's supply. Could this be a knockout blow for DADDY, or will it continue to dance around the ring? Stay tuned! 💰👀

🚀 NHS Chief Amanda Pritchard warns of a growing trend of crypto trading addiction among young people in the UK. She's urging lawmakers to step in, saying the NHS is left "picking up the pieces" of this new-age gambling. Meanwhile, the Treasury is keen on regulating crypto as a financial service, not a gamble. In other news, Australia has banned crypto for online gambling, leveling the playing field with offline platforms. So, folks, remember to trade responsibly. Don't let your crypto journey turn into a roll of the dice! 🎲

🚀 Bitcoin mining stocks are soaring higher than a rocket-powered penguin after Trump pledged to boost US mining operations. "All remaining Bitcoin to be MADE IN THE USA!!!" he declared, aiming for "ENERGY DOMINANCE." TeraWulf (WULF) and Hut 8 Mining (HUT) were the biggest movers, with increases of 10.5% and 10.07% respectively. Even the industry heavyweights CleanSpark (CLSK) and Riot Platforms (RIOT) rallied, although Marathon Digital (MARA) only managed a modest 2.4% increase. The only faller was China-based Canaan (CAN). So, it seems the Trump effect is in full swing in the crypto world!

🚀 TON, the Open Network, is making strides in crypto adoption, turning the popular messaging app Telegram into a "super app". It's like WeChat but with crypto! Restaurants can now create "mini apps" within Telegram, making their websites obsolete. The best part? These mini apps come with integrated payment solutions, normalizing crypto transactions. No more confusing alphanumeric wallets! TON ensures fast, low-fee transactions, making cross-border payments a breeze. There are challenges ahead, but TON's integration into Telegram is a promising step towards mainstream crypto adoption.

🚀 Bitcoin layer-2 projects are the new hot topic in crypto town, but are they really layer-2 or just sidechains with a fancy name? With 73 Bitcoin scaling solutions now in development, the debate is heating up. Some argue that true L2s should run on top of the native chain and inherit its security, while others say the term L2 is just a marketing tactic for sidechains. Meanwhile, users just want to send and receive Bitcoin faster, and aren't too fussed about the technicalities. But if these new scaling solutions introduce vulnerabilities, that could change. So, are these Bitcoin layer-2 projects the real deal or just wolves in sheep's clothing? Stay tuned! 🍿

Riot Platforms, a crypto mining firm, is in a tussle with Bitfarms over a potential takeover. Riot, which already holds a 13.1% stake in Bitfarms, got a bit miffed when Bitfarms introduced a 'poison pill' strategy to prevent Riot from acquiring a 15% or higher stake. Riot's CEO, Jason Les, called this move a foul play, arguing that the usual threshold is 20%. Despite the drama, Bitfarms' stock price on Nasdaq has jumped more than 56% in the last 30 days. Looks like the market loves a good soap opera! 🍿

🎢 Bitcoin's rollercoaster ride continues! After a dip to $66,000, BTC bounced back to $69,000 on June 12. Why? Well, it seems the US inflation data, which was more positive than expected, set the stage for a rally in risk-on assets, including our beloved Bitcoin. Now, the $72,000 question is, can BTC keep this momentum going? Derivatives market says "maybe!"

However, we can't ignore the elephant in the room – miner and ETF outflows. If these continue, it could rain on Bitcoin's parade. Also, large transfers from miners to exchanges can spook investors, leading to a price drop. Case in point, Marathon Digital's sale of 1,000 BTC on June 10.

But, it's not all doom and gloom! Despite the $66,000 dip, Bitcoin's primary derivatives metric showed resilience, hinting that traders weren't over-reliant on excessive leverage. So, the potential for Bitcoin to hit $72,000 is still on the table. Stay tuned, folks! 🚀

🍔 McDonald's has cooked up a new metaverse in Singapore, where virtual burgers are the main course! Meanwhile, South Korea's FSC is serving up new guidelines, classifying mass-produced NFTs as virtual assets. In the US, three alleged NFT scammers face charges for a $2.7M "Evolved Apes" scam. But it's not all monkey business, Bitcoin-based NFTs led a weekly sales volume surge of 18.9%, hitting $147.3M! So, whether you're flipping virtual burgers or flipping NFTs, it's a wild ride in the crypto world! 🚀

🚂 Choo Choo! All aboard the restaking express! Eigen Labs, the brains behind the EigenLayer protocol, has just acquired Rio Network, the well-known restaking platform. This deal will make Rio's intellectual property code open source, giving the blockchain community a ticket to ride on the restaking train. EigenLayer is like the railway tracks, allowing staked assets to secure additional blockchains, while Rio is like a train ticket, offering a liquid representation of staked assets. With EigenLayer's total value locked nearing a whopping $20 billion, this acquisition is sure to make some serious waves in the blockchain world. Buckle up, folks! 🚀

🚀 Terraform Labs, the blockchain bigwig, is coughing up a whopping $4.47 billion to the SEC, following a settlement. The bill? A cool $3.6 billion in disgorgement fines, a $420 million civil penalty, and nearly $467 million in prejudgment interest. Co-founder Do Kwon's personal tab? $110 million in disgorgement penalties and about $14.3 million in prejudgment interest fines. This comes after a jury blamed Terraform and Kwon for the Terra ecosystem collapse, wiping out $40 billion in investor assets. Kwon's payment will be considered complete once he transfers $4.7 million into an escrow account within 30 days of the final judgment. Stay tuned for more on this developing story!

🚀MoonPay, a popular crypto platform, is making it easier for its European and UK customers to buy crypto by integrating PayPal! Currently live for 1% of European users, the full rollout is expected in the coming weeks (sorry Croatia, Iceland, and Hungary, you'll have to sit this one out). PayPal's popularity as a payment method is expected to lower barriers for new crypto enthusiasts. Meanwhile, PayPal continues to make waves in the crypto world with its USD stablecoin (PYUSD), which recently found a new home on the Solana network for faster, cheaper transactions. Now, who said crypto wasn't user-friendly?

🎓 MultiversX, a distributed blockchain network, is partnering with eCornell to launch a sponsored Blockchain Essentials Program. This initiative offers 100 underprivileged college students a free two-month blockchain education, usually priced at $3,750. The program, set to start on July 17, 2024, will be conducted online in small, instructor-led groups. The cherry on top? Upon completion, students may receive mentorship, support, and funding from MultiversX to develop blockchain projects for their communities. In other news, MultiversX recently introduced "Sovereign Chains," a tool that could boost transaction throughput of existing blockchain networks by up to 100 times.

🐳 Bitcoin whales are back in the game! Accumulation levels have hit a four-year high, reminiscent of the pre-2020 bull run. Bitfinex analysts say this could be the spark that reignites Bitcoin's upward trajectory. Factors like anticipated interest rate cuts and increased institutional buying are adding fuel to the fire. Despite recent outflows in US Bitcoin ETFs, Bitcoin has confirmed the $66,000 mark as its new support. However, the price remains stuck due to older coin distribution. But don't worry, once the market 'reset' is complete, we could be looking at a base of $65,000 - $70,000. Hold on to your hats folks, it's going to be a wild ride! 🎢

Bitcoin's (BTC) price is bouncing back after US Consumer Price Index (CPI) data came in lower than expected. The bulls are buying near strong support levels, with the next big move expected above $73,777 or below $56,552. Meanwhile, Japanese firm Metaplanet is using this sideways action to stock up on Bitcoin, with a total haul of 141.07 BTC. Other cryptos are also seeing action, with Ether (ETH), BNB, Solana (SOL), XRP, Dogecoin (DOGE), Toncoin (TON), Shiba Inu (SHIB), Cardano (ADA), and Avalanche (AVAX) all experiencing price fluctuations. So, keep your eyes on the charts and your fingers on the trading buttons! 📈

🔗Chainlink's CCIP protocol and Automation services are now live on the Gnosis network, offering users cloud computing functions and up to 90% reduction in gas fees. This move enables cross-chain communication, allowing Gnosis users to interact and swap value across blockchains. The CCIP protocol is gaining traction as the industry choice for cross-chain interoperability, with even the SWIFT messaging system acknowledging its potential. Chainlink's recent partnerships and integrations, including a tokenization pilot with US banks, further solidify its industry leader status. Now, that's what we call "linking" up! 😎

🚀 Proof of SQL, a new zero-knowledge proof (ZK-proof) tech, is here to zap your SQL query wait times from 30 minutes to sub-seconds! This speed demon was unveiled by Space and Time (SxT), a verifiable compute layer for AI and blockchain. The tech is now open-source on GitHub, so developers can run trustless queries on SxT. This could be a game-changer for decentralized apps needing real-time data verification. The proof of SQL is also set to power the on-chain agent revolution, as AI agents are expected to transact primarily on-chain in the near future. ZK-proof, you're our new superhero! 💪

🚀 Citron Research, the notorious GameStop short seller, has waved the white flag! They've closed their GME short position, not due to any newfound faith in the company's fundamentals, but because of the "cult-like" shareholders and market's "irrationality". With $5 billion in the bank, GME can keep its fervent fans happy for a while. This comes hot on the heels of GME's stock price rocketing past $30, following a 22.8% intraday rally. Currently trading at $30.49, GME is up 3.3% in pre-market trading. Stay tuned for more updates on this wild ride! 🎢

🎮 Web3 leaders at the Proof of Talk 2024 conference in Paris have urged the industry to shift from speculative assets to practical applications that improve user experiences. They believe this user-centric vision can transform industries, especially gaming and social media, using blockchain technology. The panelists, including the COO of Mythical Games and the CBO of Project Liberty Labs, highlighted the potential of gaming to drive mass adoption of Web3. They also discussed the underutilization of Web3 technologies like blockchain, comparing it to an iPhone used only for social casinos. The focus now, they say, is to provide value to end-users, transforming the "I pay, I play, I walk away" model to "I pay, I play, I curate" using blockchain.