Crypto Market Highlights: General News
- Hacker returns 17 million Optimism tokens. According to data from Etherscan, there have been 17 Optimism token transfers in the amount of 1 million per transfer, starting at 12:09 PM UTC, with the last transaction taking place at 12: 31 PM UTC on Friday. Currently, this hacker still has 1 million tokens in his wallet. The attacker previously sent 1 million coins to Ethereum co-founder Vitalik Buterin and sold another 1 million shortly after the hack.
- The European Union is close to reaching an agreement among its 27 member nations on how to govern cryptocurrencies in the region. Both France (the EU’s chair) and the European Parliament are optimistic that the lingering problems of the proposed Markets in Crypto-Assets (MiCA) regulatory package will be resolved by the end of this month. Representatives assigned with the topic will also meet on June 14th and June 30th.
- 20 million MATIC has been successfully seized at the bottom. Addresses holding 100,000 to 1,000,000 MATIC have bought over 20,000,000 MATIC since May 15, according to Santiment’s on-chain data shared by analyst Ali Martinez. MATIC prices hit a low of $0.476 on May 12 before entering the current consolidation. Recent whale behavior may be because they are taking advantage of bearish rallies or merging to buy dips.
- The list of Forbes Fintech 50 2022 has the presence of 9 crypto companies. This number surpasses the record 8 crypto companies featured in the Forbes Fintech 50 2021 list, including Alchemy, Anchorage, BlockFi, Chainalysis, Fireblocks, Gemini, Kraken, and Paxos. All have raised a total of about $1.7 billion. This year, 9 companies are named to the Forbes Fintech 50 list including FTX, OpenSea, Alchemy, Ava Labs, Circle Internet Financial, Chainalysis, Fireblocks, Paxos, TRM Labs, and have raised a total funding of about $6.5 billion from various investors.
- Huobi is launching $1 billion venture capital arm aimed at Web3 startups. The investment arm, named Ivy Blocks, has over $1 billion in crypto assets under management, which it will use to bring value to the blockchain industry’s development. To begin, a liquidity investment department will be established, with an asset management platform for efficient DeFi mining and income aggregation. Ivy Labs, an innovative crypto and blockchain incubator, and Ivy Research, which focuses on blockchain and cryptocurrency research, are two more divisions.
- Abra will launch a credit card with crypto rewards on the American Express network. According to Bill Barhydt, founder and CEO of Abra, users trading in US dollars will be able to receive cryptocurrency rewards on their purchases through the Amex network. Abra declined to say which cryptocurrencies will be available to users in the first version of its card, which is expected to launch later this year, but Barhydt said the offering will eventually allow users to choose between cryptocurrencies and traditional rewards like entertainment and dining-related perks already available on the Amex platform.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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