Author: American Coins & Gold

Bitcoin Knocks on K Level; Bitfinex Hopeful Selling Pressure That Sparked a Correction Is Ending
Bitcoin’s slump since March was driven by long-term holders selling, but blockchain data shows the trend has stalled and investors are accumulating BTC, Bitfinex said in a report.

Wisconsin Pension Plan Likely to Invest Much More in Bitcoin ETF, Marquette Professor Says
The first quarter addition of two spot bitcoin exchange-traded funds (ETFs) to the portfolio of Wisconsin’s pension plan was likely just the beginning for that U.S. state’s investments into crypto, said David Krause, a professor of finance at Milwaukee-based Marquette University.

Uniswap Vote Delay Shows DeFi Stakeholders Aren't All in It Together
The Uniswap Foundation keeps punting on a “fee switch” proposal that would give UNI governance token holders a cut of liquidity providers’ revenue.

Former Binance CEO CZ Begins 4-Month Prison Sentence in California
Binance founder Changpeng “CZ” Zhao has reported to a federal prison in California where he will spend the next four months for failing to implement an adequate know-your-customer (KYC) program at the world’s largest cryptocurrency exchange.

First Mover Americas: Crypto Prices Tick Upward as Meme Coin Season Receives Fresh Impetus
The latest price moves in bitcoin (BTC) and crypto markets in context for June 3, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

MicroStrategy Founder Michael Saylor Agrees to M Settlement in D.C. Income Tax Case
The District of Columbia sued Saylor in 2022 for allegedly not paying income taxes while living in the district.

MicroStrategy Founder Michael Saylor Agrees to M Settlement in D.C. Income Tax Case: NYT
The District of Columbia sued Saylor in 2022 for allegedly not paying income taxes while living in the district.

GameStop Stock, Meme Tokens Surge as User ‘DeepFu*kingValue’ Returns to Reddit
Keith Gill posted his GameStop options positions on the r/superstonks subreddit.

Australia's First Spot Bitcoin ETF With Direct BTC Holdings to Go Live on Tuesday
Australia-based Monochrome Asset Management’s Monochrome Bitcoin exchange-traded fund (ETF) (IBTC) will begin trading on the Cboe Australia exchange on Tuesday, the company told CoinDesk.

Flood of Cash from Coinbase Gives Crypto One of the Biggest Campaign War Chests
The crypto industry has – with the addition of another $25 million from Coinbase Inc. on Monday – amassed one of the largest stockpiles of campaign cash in U.S. politics.