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🚀Crypto Courtroom Update: A diverse jury of 12, including a pregnant physician's assistant, a train conductor, and a retired investment banker, has been selected for the trial of former FTX CEO Sam Bankman-Fried. The panel, consisting of 9 women and 3 men, will decide the fate of Bankman-Fried, who faces seven fraud-related charges in connection with FTX's collapse. With backgrounds spanning health, finance, legal, IT, and education, this eclectic group is sure to bring a fresh perspective to the blockchain world. Stay tuned for more updates on this high-stakes trial! 💼

🚀Crypto Courtroom Update: A diverse jury of 12, including a pregnant physician's assistant, a train conductor, and a retired investment banker, has been selected for the trial of former FTX CEO Sam Bankman-Fried. The panel, consisting of 9 women and 3 men, will decide the fate of Bankman-Fried, who faces seven fraud-related charges in connection with FTX's collapse. With backgrounds spanning health, finance, legal, IT, and education, this eclectic group is sure to bring a fresh perspective to the blockchain world. Stay tuned for more updates on this high-stakes trial! 💼

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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! 🍿
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🎢 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! 🚀
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🍔 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! 🚀
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🚂 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! 🚀
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🚀 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!
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