CoinEasy Newsletter - Summary for Wednesday, June 18

✅ Antalpha, Q1 net profit surges
- Hong Kong-based digital asset firm
- Expanded trading and financial revenue amid market recovery
- Plans to strengthen global expansion strategy

✅ ARK Invest, sells $44 million worth of Circle shares
- Realizes profit from CRCL shares after a sharp rise post-IPO
- Valuation debate continues post-Circle IPO
- Signs of some investor exodus observed

✅ VanEck, executes funding for Solana ETF ahead of launch
- Prepares through DTCC deposits
- Accelerates competition for introducing altcoin ETFs in the U.S.
- Potential for increased institutional demand for SOL

✅ U.S. Senate passes stablecoin bill...awaiting House vote
- Final milestone for Genius Act
- Potential first federal regulation of stablecoins
- Includes clarification of issuer requirements and reserve standards

✅ JP Morgan, pilot operation of tethered digital tokens on BASE chain
- JPMD token, in collaboration with Coinbase
- Tests inter-company payment efficiency
- Intensifies traditional finance-blockchain connection

✅ Saylor’s Strategy, expands Bitcoin buying through STRD shares
- New funding strategy for MSTR shareholders
- Aims to attract institutional investors
- Utilized as a means to increase BTC holdings

✅ Fileverse, launches “open-source private Google Sheets”
- Ethereum-based collaboration platform
- Includes document creation, sharing, and version control
- Challenges Web3-based productivity tool space

✅ Kraken incubating L2, announces launch of ‘INK’ token and teases airdrop
- Expands ecosystem as an Ethereum L2 project
- User-centric design and emphasis on decentralization
- INK token reward criteria to be disclosed later

✅ Avalanche, surpasses 1 million daily transactions amid ERC-404 minting frenzy
- Influence of NFT+ERC-20 hybrid token boom
- Chain demand surges due to meta-fringe
- Temporary fee increase also observed

🔗 Source @TheBlock__

#CoinEasyNewsletter