CoinChapter.com presents the top cryptocurrency news of the day, providing you with all the essential information in a curated format. Here are today’s highlights:
1. U.S. Spot Bitcoin ETFs Witness $174 Million in Net Outflows
U.S. Spot Bitcoin Exchange-traded Funds (ETFs) experienced a net outflow of $174.45 million on Monday, marking the seventh consecutive day of negative flows. Grayscale’s GBTC led with $90 million in outflows, followed by Fidelity’s FBTC with $35 million. Other funds that saw outflows included Franklin Templeton’s EZBC ($20.8 million), VanEck’s HODL ($10 million), Bitwise’s BITB ($8 million), and Ark Invest and 21Shares’ ARKB fund ($7 million). BlackRock’s IBIT and funds from Valkyrie, WisdomTree, and Hashdex reported zero flows, and no funds reported net inflows.
2. Tether to Cease USDT Minting on Eos and Algorand
Tether has announced that it will stop minting its USDT stablecoin on the Eos and Algorand blockchains starting from June 24. However, redemptions will continue for the next 12 months. This decision will have a minimal impact on the overall USDT supply, as Eos-based USDT accounted for only 0.06% ($75.5 million) of the total circulating USDT, and Algorand-based USDT represented about 0.01% ($17 million).
3. Alex Lab Suspects Lazarus Group in $4M Exploit
Bitcoin layer-2 developer Alex Lab believes that the $4 million exploit it suffered in May is likely connected to the North Korean hacking group Lazarus. In a recent post, Alex Lab highlighted three wallet addresses used by hackers to drain funds from their Bitcoin-based DeFi protocol on May 16. The team collaborated with blockchain investigator ZachXBT to gather evidence linking Lazarus to the exploit.
4. Julian Assange Released from Prison
WikiLeaks founder Julian Assange has been released from London’s Belmarsh Prison after reaching a plea deal with U.S. authorities. Assange pleaded guilty to one count of conspiracy to obtain and disclose U.S. national defense information. He is expected to be sentenced to time served (5 years and 3 months) at a hearing scheduled for June 25. Assange has been granted bail and has returned to his native Australia.
5. Marc Cuban’s Wallet Sells NFTs After Two-Year Hiatus
Billionaire Marc Cuban’s crypto wallet, associated with the ENS domain “markcuban.eth,” has resumed selling non-fungible tokens (NFTs) after a two-year hiatus. Over the course of two days, the wallet sold 14 NFTs worth approximately $38,533, including a Pudgy Penguin NFT that fetched $30,578. Additionally, Cuban has listed two high-value NFTs for sale: a Hashtag NFT for 15 ETH (over $50,000) and a BibleNFT piece for 5 ETH (about $16,000). If these are sold, the total value of NFTs sold from the wallet would surpass $100,000 in recent days.
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