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The Latest Breaking News from Crypto

FLEX Coin, NEXO Among Top Crypto Movers In 24H

According to Benzinga Pro, the following are the crypto gainers and losers at the time of publication:

Benzinga

Dogecoin Crashes Over 5% Amid Crypto Market Rout

Dogecoin (CRYPTO: DOGE) traded 5% lower at $0.079 over 24 hours leading up to early Tuesday morning. DOGE declined sharply along with other major coins as the global cryptocurrency market cap dropped 6% to $1.2 trillion at press time.

Benzinga

Leaked Crypto Bill Suggests US To Go After DeFi, DAOs, Stablecoins: Community Reacts

A leaked copy of the new bipartisan Senate bill appears to favor a much tighter regulatory environment for cryptocurrency assets.

Benzinga

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Morning Brief: Top Financial Stories Dominating on Tuesday, June 7

Reuters

Benzinga

Bitcoin (BTC) price prediction for June 2023

Predicting what will happen to Bitcoin’s price is difficult. The token traded at almost £50,000 in November 2021 and today it’s valued at £21,118.

Evening Standard

Fed Prices Eggs With Bitcoin To Show Instability Against US Dollar

The U.S. Federal Reserve published a blog pricing eggs with Bitcoin (CRYPTO: BTC) to demonstrate the 14-month volatility of the leading digital asset against the U.S. dollar.

Benzinga

Binance Under SEC Probe Over Unregistered Securities Offering: Report

The U.S. Securities and Exchange Commission (SEC) is looking into whether the world’s largest cryptocurrency exchange issued unlicensed securities by way of an Initial Coin Offering (ICO) in 2017.

Benzinga

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Bipartisan crypto bill outlines regulatory, tax framework - Roll Call

New legislation would treat cryptocurrency as a commodity and give the Commodity Futures Trading Commission regulatory authority.

Roll Call

Amid crypto turmoil, senators propose sweeping oversight

A bipartisan pair of senators has unveiled what would be the most wide-ranging legislative proposal to regulate cryptocurrencies and other digital assets

The Independent UK

Crypto Liquidations Top $218M In A Day As Bitcoin Loses $30K Level Again

More than 74,000 crypto traders saw liquidations worth $218.4 million over the last 24 hours.

Benzinga

'Rife With Falsehoods:' Binance Slams Reuters Report On Money Laundering Allegations

Binance, the world’s largest cryptocurrency exchange, has denied the allegations from a Monday Reuters report stating that $2.4 billion in stolen crypto was laundered through its platform

Benzinga

Bitcoin Above $30K, Ethereum, Dogecoin See Some Relief — No Pain And All Gain For Crypto From Here?

Bitcoin spiked on Monday evening, printing its first green weekly candle in 10 weeks, as the global cryptocurrency market cap rose 3.3% to $1.3 trillion at press time.

Benzinga

Bitcoin Faces Uncertain Macro Environment But Impact From Terra Blowup Contained: What Ark Invest Said In Inaugural The Bitcoin Monthly Report

Ark Invest launched a new product over the weekend called The Bitcoin Monthly. Here’s what was covered in the first-ever issue of the online publication.

Benzinga

Ethereum's On-Chain Fundamentals Point Towards A Bullish Future

Things may be looking up for Ethereum (CRYPTO: ETH) with numerous on-chain data parameters painting a bullish picture for the coin.

Benzinga

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Benzinga

Security or Commodity? New Crypto Legislation to Provide Clarity

Sen. Cynthia Lummis (R-WY) and Sen. Kirsten Gillibrand (D-NY) will introduce on June 7 the Responsible Financial Innovation Act, which proposes integrating digital assets formally into the American financial systems.

Benzinga

Crypto-Linked ETFs Report 60% Net Loss So Far In 2022: Will Investor Confidence Ever Return?

According to Bloomberg, as of June 6, crypto-linked equity funds lead the list of the largest negative returns across the entire category of non-leveraged ETFs.

Benzinga

Here's The Bull, Bear Case For Ethereum Classic As The Crypto's Range Tightens

Ethereum Classic (CRYPTO: ETC) spiked up more than 7% higher between 8 p.m. on Sunday and 4 a.m. on Monday before entering into a downtrend on smaller timeframes.

Benzinga

Coinbase Holds Strong On Bitcoin, Ethereum Strength: Here's Why The Stock Must Hold This Pattern

Coinbase Global, Inc (NASDAQ: COIN) surged 12% over Friday’s closing price on Monday morning, before retracing down to trade about 5% higher at press time.

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Benzinga

Who Are The People Using Crypto As Payment?

Bitcoin (CRYPTO: BTC) printed its first green weekly candle in 10 weeks yesterday, as the crypto markets are seeing some relief this morning. Bitcoin is now facing significant resistance around $31,500-$32,000, but if it can hold above this level, we can expect continuation to the upside.

StockNews.com

Better Buy: Marathon Digital vs. Hive Blockchain Technologies

Massive sell-offs in the crypto market have caused the stocks of prominent cryptocurrency companies Marathon Digital Holdings (MARA) and HIVE Blockchain Technologies (HIVE) to suffer significant price retreats of late. But which of these stocks is a better buy at their current price levels? Read more to learn our view.

Benzinga

$2.4B In Cryptocurrency Laundered Through Binance: Report

Binance (CRYPTO: BNB) has been the means for over $2.4 billion if illegal crypto to be laundered from 2017 to 2021, according to a Monday Reuters report covered by Decrypt.

Benzinga

Aussies Lost $81.5 Million to Crypto Scams This Year: ACCC

Australians lost over $AUD 113 million ($81.5m) to cryptocurrency scams between January 1 and May 1 this year, the Australian Competition and Consumer Commission (ACCC) on Monday said. According to ACCC, Australians lost a total of $AUD 205m ($148m) to various scams this year, a 166% increase compared to the…

Mic

$1 billion went down the drain in crypto scams last year

And that’s likely just the tip of the iceberg.

Benzinga

Anonymous Crypto Wallet Moves $147M Worth Of Bitcoin Onto Gemini

What happened: An anonymous cryptocurrency wallet holding $147,616,283 of Bitcoin (CRYPTO: BTC) just transferred their funds onto Gemini. The bitcoin wallet address tied to this transfer has been identified as: 38UmuUqPCrFmQo4khkomQwZ4VbY2nZMJ67

Benzinga

Bitcoin Whale Moves 5,001 BTC Off Gemini

What happened: A Bitcoin (CRYPTO: BTC) whale just sent $149,793,504 worth of Bitcoin off Gemini. The BTC address associated with this transaction has been identified as: 3Kzh9qAqVWQhEsfQz7zEQL1EuSx5tyNLNS.

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