🧑Trump to bring Bitcoin to the US?
Hello there 👋
Welcome to another Coinigy roundup.
Firstly, a big shout out to the TON community for the weekend pump.
11% rise when the OGs ended in the red? That’s pretty cool.
Anyway, while that was happening, Trump was busy trying to win more crypto votes.
Dude wants to mine the remaining Bitcoins in the US.
Just a normal day in crypto, right?
Here are the highlights:
- Gemini to Pay Another $50 Million in Latest Settlement Over Earn Program
- Curve founder repays 93% of $10M bad debt stemming from liquidation
- Roaring Kitty buys another 4M GME stocks, birthing conspiracy theory
- Trump Wants All Remaining Bitcoin Mined In The United States
Gemini to Pay Another $50 Million in Latest Settlement Over Earn Program
“Hundreds of thousands of people, including at least 29,000 New Yorkers, had their trust broken and their money swindled by Gemini through its bogus Earn program," said Attorney General Letitia James in the release. “Gemini marketed its Earn program as a way for investors to grow their money, but actually lied and locked investors out of their accounts.”
Curve founder repays 93% of $10M bad debt stemming from liquidation
Michael Egorov, founder of decentralized finance (DeFi) protocol Curve Finance, claims to have repaid 93% of $10 million in bad debt from the protocol’s soft liquidation triggered earlier in the day. “Size of my positions was too large for markets to handle and caused 10M of bad debt,” said Egorov. “I have already repaid 93%, and I intend to repay the rest very shortly.”
Roaring Kitty buys another 4M GME stocks, birthing conspiracy theory
Stock trader Keith Gill, famous for his involvement in the GameStop (GME) short squeeze, has bought more shares of GME. Gill, known online as “Roaring Kitty”, posted on June 13 that he bought another 4 million shares of GME. This brings the trader’s total shares to over 9 million, worth about $262 million when GME closed that day.
Trump Wants All Remaining Bitcoin Mined In The United States
Donald Trump is courting the Bitcoin mining industry in the Republican presidential candidate’s latest pro-crypto push. On June 11, Trump said he wants every remaining Bitcoin (BTC) to be mined within the United States. Trump added that bolstering the domestic mining industry will also serve to promote the country’s energy industry and protect the nation against hypothetical moves to introduce a central bank digital currency (CBDC).
Other Highlights Worth Mentioning
Drake on Brink of $1M Bitcoin Loss as NHL and NBA Bets Sour - Coindesk
Bitcoin Plunges to $65K, Altcoins Bleed 10%-20% as Week Turns Ugly - Binance
Elon Musk drops lawsuit against OpenAI CEO Sam Altman - Cointelegraph
Trump Vows To End Joe Biden’s ‘war on crypto’ if Elected - Coinmarketcap