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BitMEX offers 200x leverage for ether perpetuals ahead of anticipated US spot ETFs

BitMEX offers 200x leverage for ether perpetuals ahead of anticipated US spot ETFs

BitMEX made an announcement on Wednesday that it will increase the leverage of its ethereum perpetual swaps to 200x.

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Japanese crypto exchange DMM Bitcoin outlines funding plan to cover over $300 million in hack losses

The crypto exchange said $32 million has already been procured, with a further $320.4 million in funds due over the coming days.

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US lawmakers urge immediate action to rescue Binance exec from Nigerian detention

The letter claimed Gambaryan has been refused adequate health care in a three-month detainment marked by “excessive and harsh treatment.”

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Tether invests $18.75 million in XREX to facilitate cross-border payments in emerging markets

Tether is investing $18.75 million in the Taiwan-based cryptocurrency exchange to “drive financial inclusion” in emerging markets.

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U.S. Lawmakers Push Biden to Bring Back Detained Binance Exec Tigran Gambaryan From Nigeria

Gambaryan and another company exec, Nadeem Anjarwalla, were detained by Nigerian officials after they were invited by the country to resolve a dispute with the crypto exchange

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GnosisDAO approves Karpatkey’s spin-off to become independent entity with KPK token

GnosisDAO voted to spin off Karpatkey as an independent entity, which will now operate under its own management and utilize its own KPK token.

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Bitcoin Crosses $71K as BTC ETFs See $880M Inflows in Best Day Since March

This marked the best day of inflows since March and the second-highest overall since 11 bitcoin ETFs went live in January.

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Spot bitcoin ETFs see $887 million in daily net inflows, the second highest so far

U.S. spot Bitcoin ETFs experienced their second highest daily net inflows on June 4, amounting to $886.75 million.

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BNB token breaks through $700, price sets new all-time high

Bitcoin has also risen 2.89% in the past day to break above the $71,000 mark, with most other altcoins also in green.

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What’s Next for FIT21? (A Consensus 2024 Recap)

CoinDesk held its annual Consensus conference in Austin, Texas last week, where we heard from lawmakers and regulators, developers, company execs and all sorts of other people in and around this sector. One topic of discussion: the Financial Innovation and Technology for the 21st Century Act. Its passage through the House sent a surge of excitement through the crypto industry as a sign of progress, even if it’s not likely to become law just yet.

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