Stay informed with the latest developments in the world of cryptocurrency by checking out CoinChapter.com on Google News. Here are some of the top stories making waves in the crypto space:
– U.S. Spot Bitcoin ETFs Experience $887 Million Inflow: On June 4, U.S. spot bitcoin exchange-traded funds saw a daily net inflow of $886.75 million, marking the second-highest influx since their launch. Leading the charge were Fidelity’s FBTC with $379 million and BlackRock’s IBIT with $274 million in net inflows. The total cumulative net inflows for these ETFs now stand at $14.85 billion.
– U.S. Regulation Could Unlock $20 Trillion Industry for Crypto: Matt Hougan, Bitwise’s chief investment officer, believes that regulatory clarity in the U.S. could expose the $20 trillion financial advisory industry to cryptocurrencies. Recent developments, such as the approval of spot Ether ETFs by the SEC and the passing of FIT21 by the House, indicate progress in regulatory clarity.
– GnosisDAO Approves Spin-Off of Karpatkey: GnosisDAO has given the green light to spin off Karpatkey, its DAO treasury risk manager, into an independent entity with its own KPK governance token. Karpatkey has been instrumental in executing over 7,000 DeFi transactions and providing treasury and risk management solutions.
– Worldcoin Pauses Operations in Spain: Worldcoin has suspended its activities in Spain until the end of 2024 or until the German organization overseeing the project’s compliance with the GDPR completes its audit. The project aims to establish a system where individuals can prove their humanity through eyeball scans and receive cryptocurrency in return.
– U.S. Politicians Call for Release of Binance Employee: A group of U.S. politicians has urged President Joe Biden to bring home Binance employee Tigran Gambaryan, who is currently detained in Nigeria. The politicians emphasized the need for immediate action to ensure Gambaryan’s safety and preserve his life.
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