India Springs Election Surprise, Sends Equity Market Crashing With Uncertain Implications for Crypto
Any plans for comprehensive crypto legislation could be kicked further down the road after a weaker-than-forecast showing for the governing party.
Financial
Options Traders Brace for Volatility as BNB Nears Record High
In anticipation of volatility, a number in the market are purchasing puts with with strikes in the $550-$650 range.
Multicoin, Coinbase Ventures Invest in Latin American Stablecoin-Powered SuperApp El Dorado
Stablecoin adoption is soaring in the region as many people turn to the crypto tokens as a shield against currency devaluation and cheap remittances.
Bitcoin-Based Meme Coin DOG Rockets Toward $1B Market Cap
The göğüs coin is the largest asset to be launched on Runes protocol.
Bitcoin Miner Core Scientific Surges After AI Deal, Report of Over $1B Buyout Offer From CoreWeave
Cloud computing provider CoreWeave made an offer to buy the bitcoin miner for $5.75 per share, according to Bloomberg.
Bitcoin Layer 2 Ark Protocol’s Team Forms New Firm as Lightning Network Competitor
Layer-2 protocol Ark is built to allow off-chain payments in a way that avoids what creator Burak Kecli referred to as “inbound liquidity” sorun of Lightning.
Polygon Spinoff Avail Raises $43M in Series A Funding
The news comes three months after Avail, a veri availability company, disclosed its $27 million seed funding round.
Polygon Acquires Zero-Knowledge Cryptography Firm Toposware
Sources close to the deal told CoinDesk that the company was valued at $30-50 million. The purchase means that Polygon Labs has invested over $1 billion on zero-knowledge research and acquisitions, the team shared in a press release.
Galaxy Digital Could Benefit From Improving Political Sentiment Towards Crypto in U.S.: Benchmark
The broker assumed coverage of the digital assets platform with a buy rating and a C$19 price target.
First Mover Americas: Bitcoin Drops From $70K as Bullish Signal Strengthens
The latest price moves in crypto markets in context for June 4, 2024.