Biweekly Crypto News Highlights: Ethereum's Resilience, XChat, and More
By: Eva Baxter
- Ethereum's Resilience in Futures and Network Growth: Despite market volatility, Ethereum shows strength with a robust futures market and solid network fundamentals, continuing to lead in Total Value Locked (TVL) metrics.
- Elon Musk Unveils XChat With 'Bitcoin-Style' Encryption: Elon Musk announces XChat, a direct messaging feature that promises advanced privacy akin to Bitcoin security, causing discussions about the implementation of this alleged 'Bitcoin-style' encryption.
- Silk Road Founder's Unexpected Bitcoin Bonanza Raises Questions: Ross Ulbricht receives an anonymous donation of 300 Bitcoin. This unexpected bonanza has sparked curiosity and speculation regarding its origins and potential connections to Silk Road.
- IG Group Starts Retail Crypto Trading in the UK With Uphold Partnership: IG Group partners with Uphold to offer retail crypto trading in the UK, making it the first major London-listed broker to provide such services amid evolving regulatory frameworks.
- Binance Co-Founder CZ Proposes Dark Pool DEXs To Combat Market Manipulation: CZ suggests developing dark pool DEXs to improve privacy and security for traders, addressing concerns over market manipulation in decentralized finance.
- Strategy and Metaplanet Bolster Bitcoin Holdings Amid Market Correction: Companies like Strategy and Metaplanet take advantage of Bitcoin's market correction to enhance their holdings, signaling corporate confidence in crypto as a long-term asset.
- Circle Increases IPO Target Amid Surging Demand: Circle raises its IPO target to meet investor demand, highlighting significant backing from institutions like BlackRock, suggesting rising confidence in stablecoins.
- Singapore Imposes Restrictions on Overseas Crypto Activities: The MAS announces new regulations for local crypto firms targeting overseas markets, demanding compliance by June 30, showcasing Singapore's commitment to a regulated crypto space.
