EURJPY

Glassnode and Capriole Investments, those vigilant sentinels of on-chain data, whisper that this plight is not merely cyclical but structural. Like lemmings fleeing a sinking ship, public miners are liquidating their bitcoin reserves to fund a grand migration into the promised land of AI computing. How quaint-trading one illusion of value for another.

Earlier this week, Shiba Inu took a nosedive for two straight days, presumably because someone whispered “interest rates” in its furry ear. Crypto and gold, those star-crossed lovers, also took a tumble, leaving us all to wonder if we should start hoarding canned beans instead of digital tokens.

RAIN, the plucky little token, is hanging about 11% below its peak, while CC is playing it cool, lounging 16% under its February high. VELVET, the bounder, is already in price discovery, setting records like it’s going out of fashion.

Kraken is getting ready to offer perpetual futures trading to qualified U.S. customers, following regulations set by the CFTC. This could bring a widely-used crypto trading product into a more established and regulated U.S. market.

The world’s biggest investment firm has registered its new iShares Bitcoin Premium Income ETF, using the stock symbol BITA. This filing with the SEC is a standard step before the ETF starts trading on an exchange, and usually happens right before trading begins.

Liu highlights a key difference in how cryptocurrency operates. She points out that crypto isn’t just about price fluctuations or investment; it’s about building financial systems open to everyone. Traditionally, accessing financial markets requires specific location, brokers, and financial status, with new investment opportunities often going to large institutions first. Blockchain technology, however, can remove these barriers, potentially giving everyone equal access. Liu believes the industry should be evaluated on this potential. Currently, regulations limit this access – many platforms restrict their services by location – so while the technology *could* reach 5.5 billion people, that number represents its theoretical capacity, not necessarily who can use it legally right now.

Binance, with the air of a patronizing uncle, assures users that it will handle the technical process for this grand rebranding. The exchange will swap TON tokens to GRAM at a ratio of 1 TON to 1 GRAM, a gesture as generous as a miser reluctantly parting with a coin.

On June 11th, the asset manager registered its trust shares with the U.S. Securities and Exchange Commission, a necessary step before listing them on Nasdaq under the symbol BITA. This registration, filed as a Form 8-A, was done according to Section 12(b) of the Securities Exchange Act.