Cryptocurrencies keep pushing boundaries, and each headline is a testament to the industry’s growth. Let us bring you up to speed with the most significant stories from the past week. Next week also promises to be full of events that may affect the overall market picture.
Review of the past week:
| June 03, 2024 | FTX Settles $24 Billion Tax Claim With IRS in Bankruptcy Court. IRS to receive a $200 million priority claim in FTX bankruptcy. Read more |
| June 06, 2024 | Binance Resumes Mastercard Payments for Crypto. Mastercard withdrawal services have not been resumed as yet but this is expected to happen at a later date. Read more |
| June 06, 2024 | Robinhood to Buy Crypto Exchange Bitstamp in Effort to Expand Outside the U.S. The all-cash deal is valued at $200 million and is expected to close in the first half of 2025. Read more |
| June 06, 2024 | Kraken explores pre-IPO funding round. Kraken may aim to raise more than $100 million in a final funding round before potentially going public next year. Read more |
| June 07, 2024 | US spot bitcoin ETFs achieve record-breaking 18-day streak of net inflowsThe 11 U.S. spot bitcoin ETFs have now seen net inflows for 18 consecutive days. Read more |
What’s coming up for us this week:
| June 12, 2024 | Next release of U.S. Consumer Price Index. May 2024 CPI data are scheduled to be released on June 12, 2024, at 12:30 P.M. UTC. Read more |
| June 12, 2024 | Fed Interest Rate Decision. Federal Open Market Committee (FOMC) members will announce the interest rate on June 12, 2024, at 06:00 P.M. UTC. Read more |
| June 14, 2024 | U.S. Federal Reserve Monetary Policy Report. The Federal Reserve Board will report on monetary policy on June 14, 2024, at 03:00 P.M. UTC. Read more |
As the crypto landscape evolves, so does the need for a reliable platform. At FYBIT, we provide the tools for your success. Don’t wait, trade with FYBIT.
Best regards,
FYBIT team
