Bitcoin Firework Sparks as Vietnam Welcomes Crypto🧨
Welcome to the new week guys…
With missiles dropping all over, we don’t exactly trust that everyone's good, but if you’re good, then we’re good. Yes! We thought Bitcoin was gonna fall after it got hit, but it seems an iran-israeli missile is not gonna fall the King Kong of crypto 🐵
On the other side where missiles ain’t dropping, the grass looks greener, Vietnam just rolled out the red carpet for crypto and now our friends over there will be joining the crypto party anytime.
Here are the Highlights:
- Bitcoin surges past $107k as crypto market defies global unrest over Israel-Iran tensions
- Vietnam Government Passes Law to Legalize Crypto Assets
- SharpLink Gaming Buys $463M in ETH, Becomes Largest Public ETH Holder
- Alabama Regulator Recovers $125K in Crypto Lost to Pig Butchering Scams
Bitcoin surges past $107k as crypto market defies global unrest over Israel-Iran tensions
Bitcoin has bounced back above $107,000 after a sharp weekend slump triggered by rising tensions between Israel and Iran. According to CryptoSlate’s data, this is the first time in four days that BTC has crossed this level, showing signs of renewed investor confidence. The downturn began after Israel launched a surprise strike on June 13, reportedly targeting Iran’s nuclear infrastructure and senior military officials. In retaliation, Iran responded with missile strikes on key Israeli cities, including Tel Aviv and Haifa.
Vietnam Government Passes Law to Legalize Crypto Assets
Vietnam has approved a landmark bill to create a structured legal environment for digital assets. The new legislation, called the Law on Digital Technology Industry, will take effect in January 2026. This lays the groundwork for regulated crypto activity and is designed to enable the growth of the emerging industry. According to reports, the new law formally recognizes digital assets and divides them into two main categories of virtual assets and crypto assets. Crypto assets are digital instruments that rely on encryption and blockchain technologies for creation, issuance, storage, and transfer.
SharpLink Gaming Buys $463M in ETH, Becomes Largest Public ETH Holder
SharpLink Gaming has emerged as the world’s largest publicly traded holder of Ethereum (ETH), after acquiring 176,271 ETH for $463 million. The Nasdaq-listed sports betting firm , stating it funded the acquisition through a combination of private placement and at-the-market equity sales. Since May 30, the company has raised $79 million to support the buy, with an average purchase price of $2,626 per coin.SharpLink Stakes 95% of ETH Holdings to Boost Yield and Secure Ethereum Network
Alabama Regulator Recovers $125K in Crypto Lost to Pig Butchering Scams
Alabama securities regulators have seized more than $125,000 in crypto assets for two residents who fell victim to elaborate "pig butchering" scams that collectively cost them nearly $580,000. The Alabama Securities Commission recovered $53,227.81 for a Baldwin County resident who lost approximately $185,000, and $73,927.68 for an Etowah County victim who was defrauded of $395,000 in separate schemes that began on dating apps and messaging platforms earlier this year, as per a Friday statement.
Other Highlights Worth Mentioning
France makes new arrests in ongoing crypto kidnapping case - Crypto.news
FTX users fight to unlock $2.2B in still-disputed bankruptcy claims - Cointelegraph
France eyes Bitcoin mining to cut energy waste and boost grid stability - Cryptoslate
Kidnappers Release TikTok Crypto Influencer After Finding Out He’s Broke - Decrypt
COINIGY MEME OF THE WEEK
COINIGY FACT OF THE DAY
🗓 Today in History – June 16, 2020
The decentralized lending protocol Compound launched its groundbreaking liquidity mining program, distributing the COMP governance token as an incentive to users who supplied and borrowed assets on the platform. This marked the first major DeFi protocol to reward users directly with governance tokens, igniting the yield farming boom that would go on to reshape decentralized finance.