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Crypto News Today – June 2, 2024
Welcome to “Crypto News Today,” your daily roundup of significant developments in the cryptocurrency industry.
Bitcoin Faces Resistance Levels Amid Market Uncertainty
Bitcoin is facing resistance around $65,000 as short-term holders look to exit at breakeven levels amid market volatility. Investor enthusiasm for Bitcoin ETFs has plummeted from $13 billion in Q1 to $2.6 billion in Q2, reflecting the shift in market sentiment. Despite the slowdown, historical patterns indicate potential opportunities for strategic investors as Bitcoin’s price volatility is part of a typical market correction. Broader macroeconomic concerns, including the potential for prolonged high interest rates, are contributing to the cautious market mood. Read all about it on the TDR website!
Trump climbs to 67% in Polymarket odds after presidential debate
Following the first 2024 presidential debate, former President Donald Trump’s chances of winning the election jumped to 67% on Polymarket. Meanwhile, President Joe Biden’s chances of becoming the Democratic nominee have dropped to 70%, and Gavin Newsom’s chances have increased to 15%.
Sony enters cryptocurrency market with acquisition of Amber’s Japanese unit
Sony (NYSE: SONY) has acquired the Japanese unit of Amber Group, marking its strategic entry into the cryptocurrency market. The move aims to expand Sony’s influence in the growing digital asset sector.
MetaPlanet Invests Additional $12 Million in Bitcoin
Investment firm MetaPlanet has increased its Bitcoin holdings by $12 million as part of its ongoing investment strategy. The move reflects MetaPlanet’s confidence in Bitcoin’s long-term potential.
Robinhood acquires AI investment firm Pluto Capital
Robinhood (NASDAQ: HOOD) has acquired AI investment firm Pluto Capital to enhance its trading and investing capabilities. The acquisition is expected to bring advanced AI-driven investment solutions to Robinhood’s platform.
Solana’s CHWY token surges 300%
Solana’s CHWY token has surged 300%, fueled by interest from the famous investor known as Roaring Kitty. The surge follows Chewy’s record-breaking performance, highlighting the token’s potential for high returns.
Marathon Digital Share Price Gains
Marathon Digital’s stock price saw significant gains as the overall crypto market moved higher. Investors remain optimistic about the company’s future performance in the digital asset space.
Circle Receives MiCA-Compliant EMI License for Europe
Stablecoin issuer Circle has obtained a MiCA-compliant Electronic Money Institution (EMI) license in Europe. This regulatory approval will allow Circle to expand its services across the European market.
Read more cryptocurrency news on the TDR website!