Your Monday morning industry catch-up is here!☕️📰

Crypto & Blockchain Update: June 10-16

📈Market Highlights
- Bitcoin down below $65K, Ethereum at $3.4K, Solana hit major support at $141, and other altcoins decline 15-20%
- Solana sandwich bot makes $30M in 2 months from MEV attacks
- Dogecoin declining by 11% over the past week, nearing $0.14 support zone
- FLOKI has decreased by 29%, analysts say it may rally soon
- Toncoin (TON), crypto associated with Telegram platform, has increased by 35% in 2 weeks
- Forbes report revealed former Binance CEO CZ owns 64% of $BNB circulating supply, roughly 94 million tokens

🎮Crypto Gaming
- Ethereum ecosystem’s combined transactions per second (TPS) has reached new all-time high, thanks to a spike in layer-3 Xai network, which is focused on gaming applications
- Uniswap Labs acquired Crypto: The Game (CTG) - this prize money survival game is a huge hit among online gamers and a contender for Emmy nomination
- Hamster Kombat, aTelegram based game reaches 150 million players, 50% increase from last week
- Tapswap and Yescoin, two gaming apps playable on Telegram, are planning to launch tokens on TON network

💼Regulatory Updates
- According to BIS (Bank for International Settlements), 94% of central banks are exploring CBDCs, digital versions of their national currencies
- Spot Ethereum ETFs may begin trading July 2nd in U.S.
- Australian Securities Exchange (ASX) approved its first spot Bitcoin ETF to start trading June 20th with VanEck as the issuer
- Turkey introduces a 0.03% tax on crypto transactions to address budget deficit caused by last year’s earthquakes
- Donald Trump wants “all remaining Bitcoin” to be mined in the U.S.
- Nigeria drops tax chargers against Binance executives
- Bitcoin bank proposal gains momentum in El Salvador, with financing options in dollars and $BTC

🤝Investments & Partnerships
- Bernstein says Bitcoin could hit $1M by 2033, as they began coverage of MicroStrategy with an outperform rating
- More than $100 billion has been raised for crypto startups since 2014 according to TVL aggregator DefiLlama
- Chinese telecom provider Coolpad to invest $13.5 million in buying Bitcoin mining rigs in North America
- MicroStrategy aims to raise $786 million to buy more $BTC and spend on general corporate purposes

🔐Cybersecurity
- CISA warns that fake government employees are targeting crypto investors with impersonation scams
- Curve founder Egorov says he has repaid $10 million soft liquidations that were triggered due to hack attempt
- Crypto hacks hit $19 billion in last 13 years, with $2.9 billion being the largest single case (2019 Plus Token fraud) according to Crystal Intelligence report
- Uwu Lend puts up a $5M bounty to whoever identifies its hacker that has exploited $24 million in 2 attacks

ℹ️Miscellaneous
- Deutsche Telekom announces Bitcoin mining plans at $BTC Prague
- Adobe and Microsoft back down on AI features
- AI experts, Meta chief Yann LeCun and ASI founder Ben Goertzel, are skeptical that LLMs can lead to AGI, stating that “OpenAI has set back progress by 5-10 years”
- Ethereum prepares for Pectra upgrade in early 2025, research by Liquid Collective and Obol identified multiple risks
- Home crypto miners may benefit from NiceHash firmware powered by MARA
- Terraform Labs to end operations, sell key projects within the ecosystem and give community control of the blockchain
- Bitcoin mining company Bitfarms expands into Pennsylvania, U.S.
- Michael Saylor states “everyone gets Bitcoin at the price they deserve” at $BTC Prague, and predicts Bitcoin to reach $8M in the future

Have a great new week ahead🤝
- Swapin Team