Hyperliquid’s encroachment into Binance’s long-held dominance is becoming harder and harder to ignore. source: https://www.theblock.co/post/356654/hyperliquid-hits-record-248-billion-perp-volume-in-may-capturing-over-10-of-binance-flow?utm_source=rss&utm_medium=rss

Crypto advocacy groups have argued that the case against Bitcoin mixer Samourai Wallet is unjust. Here's why. source: https://decrypt.co/324098/crypto-advocacy-groups-urge-dismissal-case-bitcoin-mixer-samourai

The series’ website issued a notice in May warning of a “fraudulent cryptocurrency scheme” using its branding to lure investors. source: https://cointelegraph.com/news/reality-show-twitch-streamers-win-bitcoin?utm_source=rss_feed&utm_medium=rss%3F&utm_campaign=rss_partner_inbound

Elastos leverages Bitcoin merge-mining to enable stablecoin issuance, yield opportunities and digital asset management. source: https://www.thestreet.com/crypto/innovation/do-more-with-bitcoin-mint-stablecoins-generate-yield-manage-assets

Spot Ethereum (ETH) exchange-traded funds (ETFs) notched a 14-session streak of net inflows as of June 5, fueled by investment advisors and hedge fund managers. According to Bloomberg data shared by ETF Store CEO Nate Geraci, Ethereum ETFs since May 20 added roughly $812 million. source: https://cryptoslate.com/spot-ethereum-etfs-post-14-day-inflow-run-lifting-year-to-date-haul-above-3b/

According to Odaily, Robinhood's stock experienced a 7% increase in after-hours trading as investors expressed optimism about the company's potential inclusion in the S&P 500 index. Meanwhile, AppLovin saw a 5% decline in its stock price after hours, as investors expressed concerns about its status as a component stock.

Gemini’s November 2021 fundraise of $400 million valued the exchange at $7. 1 billion, though it has had challenges since. source: https://cointelegraph.com/news/winklevoss-gemini-confidential-ipo-investor-confidence?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Robinhood, a popular online brokerage firm, rose 7% in U.S. stocks after the market closed, as investors optimistically expected the company to be included in the S&P 500. AppLovin fell 5% after the market closed, as investors worried about the company's status as a constituent stock.

Odaily Planet Daily News According to crypto journalist Eleanor Terrett, Caroline Pham, acting chair of the U.S. Commodity Futures Trading Commission (CFTC), said that all the public comment proposals received by the agency on 24/7 derivatives and perpetual contract trading only involve crypto asset products, not traditional commodities. In a speech this week, Pham pointed out that the CFTC believes that 24/7 trading has potential benefits, including the ability to respond to emergencies in real time on weekends, which is of great significance to risk managers. She cited the recent launch of Coinbase Derivatives' 24/7 Bitcoin futures as an example, saying that its weekend trading volume is already comparable to active working days. It is worth noting that the CFTC is also considering using tokenized assets and stablecoins as collateral to address credit risk issues in the 24/7 market. Regarding perpetual contracts, the CFTC confirmed that they are already traded in the U.S. market, and Bitnomial has launched Bitcoin perpetual futures in April. Some commentators want more crypto perpetual contracts to operate under U.S. regulation, citing greater efficiency and lower costs, but others warn that these contracts may not be suitable for physical commodities due to a lack of convergence and additional risks.

null source: https://x.com/rewkang/status/1931109647555149957

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