Markets
Today’s Crypto News – June 26, 2024
Welcome to “Crypto News Today,” your daily digest of important happenings in the crypto industry.
Ethereum Futures Market Outlook
Recent analysis of Ethereum futures markets indicates gloomy prospects of a rally to $3,700, with market indicators suggesting minimal chances of such a rise. This is seen as a reflection of current market sentiment and investor caution. Read everything on the TDR website!
Solana introduces “blinks” and “actions”
Solana has unveiled two new features, “Blinks” and “Actions”, allowing users to seamlessly trade cryptocurrencies on their favorite social media platforms. This integration aims to simplify crypto trading and increase accessibility for a wider audience.
Mt. Gox Redemption Fears Addressed
Traders downplayed concerns over the Mt. Gox buyback process, reassuring that the $10 billion worth of bitcoins will not significantly disrupt the market. Sentiment among market participants suggests confidence in the controlled release of these funds.
Strike extends to UK
Payment app Bitcoin Strike has launched in the UK as part of its global expansion strategy. The move aims to improve cross-border payment solutions and make Bitcoin transactions more accessible to users in the region.
Vote on FTX Bankruptcy Repayment Plan
FTX customers are expected to vote on a proposed bankruptcy repayment plan. This plan is crucial in determining how remaining assets will be distributed among creditors and customers after the platform’s financial collapse.
Hut 8 gets $150 million for AI computing power
Bitcoin mining company Hut 8 has secured $150 million to improve its AI computing capabilities. This investment will support the company’s expansion into the AI sector, leveraging its existing infrastructure to deliver advanced computing power.
Read more crypto news on the TDR website!