Author: American Coins & Gold

Coinbase Upgraded to Buy From Neutral on Improving Regulatory Risk: Citi
The Wall Street bank increased its price target on the crypto exchange’s shares to $345 from $260.

Solana Sees Arrival of Nomura, Brevan Howard-Affiliated Tokenization Firm Libre
Libre is unveiling a new tokenized offering, the blockchain-based Hamilton Lane SCOPE senior credit fund, which will be available on Solana and Ethereum-compatible chains.

Ethereum Experienced Its Highest Inflationary Period in the Last Quarter: Fidelity
Layer-2 transactions have increased 20% since the Dencun upgrade in March, and that success could be a positive sign for the future of the network, the report said.

Crypto Exchange Gate.io Exits Japan
Crypto exchange Gate.io has terminated its services in Japan, it announced on Monday, suggesting a lack of compliance in the nation.

Kamala Harris Memecoin Sets New Highs as Her Nominee Odds Surge to 90%
Harris has been endorsed by incumbent Joe Biden for the upcoming U.S. presidential elections, and some traders are betting on her ascent with meme tokens and prediction markets.

Avail, Long-Awaited Blockchain Project for 'Data Availability,' Launches Main Network
The project, spun out of Polygon in 2023, has raised $75 million of funding and claims unique technologies as a provider of “data availability,” or DA – the speciality of storing reams of transactional data produced by Ethereum layer-2 networks.

Bitcoin Nears K as Mt. Gox Moves 0M to Bitstamp
The defunct crypto exchange shuffled over $2.5 billion between wallets, some of which was sent to crypto exchange Bitstamp.

India Keeps Controversial Crypto Tax Rules Unchanged, Finance Minister's Budget Speech
The primary demand from India’s crypto industry was to reduce the controversial tax-deducted-at-source (TDS) policy on crypto transactions from 1% to 0.01%

BlackRock's Spot Bitcoin ETF Draws 6M in Net Inflows
BTC failed to take out key price resistance despite huge inflows into BlackRock’s IBIT.

BlockFi Administrator Submits Plan in Court to Make Customers Whole
“This transaction marks a final chapter in the wind-down and is the best possible outcome for customers of BlockFi,” said Mohsin Y. Meghji, Plan Administrator of BlockFi Inc.