[Morning News Briefing] GameStop purchased 4,710 BTC in the past month… Strengthening institutional investor activity, etc.

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Bloomberg: "GameStop Purchased 4,710 BTC between May and Early June"

According to Bloomberg cited by Treenews, GameStop has been confirmed to have purchased a total of 4,710 BTC from May 3rd (local time) to June 10th.

Foreign Media: "US SEC May Approve SOL Spot ETF within 3-5 Weeks"

Blockworks, a cryptocurrency specialized media, quoted sources saying "The US Securities and Exchange Commission (SEC) may approve the launch of a Solana (SOL) spot ETF within months" and "One source predicted that the SOL spot ETF could be approved as early as 3-5 weeks from now".

US SEC Begins Review of Bitwise's BTC-ETH Combination Spot ETF

The US Securities and Exchange Commission (SEC) announced on the 10th (local time) that it has officially begun reviewing the approval of Bitwise's BTC-ETH combination spot ETF product.

US Cryptocurrency Market Structure Bill Passes House Agriculture Committee Vote

Eleanor Terrett reported that the modified US Cryptocurrency Market Structure Bill (CLARITY) passed the House Agriculture Committee with 47 votes in favor and 6 votes against.

ARK Invest: "BTC Emerging as 'Asset Safe Haven' amid US Economic Uncertainty"

ARK Invest diagnosed in a recent report that "Bitcoin's recent rise is not speculative overheating but a flow of asset reallocation".

Analysis: "BTC Fair Value Expected to Reach Up to $230,000 This Year"

Cryptocurrency asset management firm Bitwise stated in its weekly report that "Bitcoin's fair value could reach up to $230,000 by the end of this year".

Bernstein: "$200,000 a Conservative Target for BTC This Year"

According to Bitcoin.com, Wall Street asset management firm Bernstein stated that "Even a $200,000 target for Bitcoin this year is a conservative goal".

Analysis: "BTC to Reach $135,000-$135,000 Soon"

Watcher Guru, citing CNBC analysts, forecast that Bitcoin could reach the $130,000-$135,000 range in a short time.

Bitwise CEO: "No One Will Sell BTC if It Breaks $130,000-$150,000"

Bitwise cryptocurrency asset management CEO Hunter Horsley said that if Bitcoin breaks through $130,000-$150,000, no one would sell Bitcoin.

Foreign Media: "Ethereum DeFi Token Strength Influenced by SEC Chair's 'Regulatory Relaxation' Remarks"

Decrypt reported that the strength of Ethereum (ETH)-based DeFi tokens on the 10th (local time) was mainly due to SEC Chair Paul Atkins' 'regulatory relaxation' remarks.

Coinbase Lists HOME

US cryptocurrency exchange Coinbase just announced through its official X that it is listing HOME.

Pump.fun Deposits $20.87 Million Worth of SOL to Kraken in Past Hour

On-chain Lens analyzed that Solana (SOL)-based meme coin issuance platform Pump.fun deposited approximately 132,180 SOL, worth about $20.87 million, to Kraken in the past hour.

Foreign Media: "$423 Million SOL Flowed into Exchanges in Past 9 Days, Selling Pressure Continues"

Analysis suggests that approximately $423 million worth of 2.7 million SOL flowed into major cryptocurrency exchanges in the past 9 days, creating selling pressure.

Polymarket Partners with xAI

Elon Musk's AI startup xAI just announced through its official X (formerly Twitter) that it has established a partnership with decentralized prediction market platform Polymarket.

Coinbase Research: "Future of Money is Cryptocurrency, with Stablecoins at the Center"

The largest US cryptocurrency exchange Coinbase stated in its "Cryptocurrency Status: Future of Money" report that "16 years after Bitcoin's launch, cryptocurrency is gaining attention as the future of money, with stablecoins at its center".

Cardano Founder: "Midnight Airdrop Could Be Cardano's Largest Economic Event"

Cardano (ADA) founder Charles Hoskinson said that the governance token NIGHT airdrop for Cardano's Midnight sidechain (privacy-focused blockchain) could be the largest economic event in Cardano's history.

DeFi Protocol Aave Joins Sonium Ecosystem

Decentralized cryptocurrency lending protocol Aave announced through its official channel that it is joining Sony Group's Layer 2 blockchain Sonium ecosystem.

Tether Previews Second Version of Open-Source Wallet Development Kit

Tether CEO Paolo Ardoino announced via X that "the second version (v2) of Tether's self-developed Wallet Development Kit (WDK) will be released soon".

Ethereum Foundation Reveals Six Security Challenges

The Ethereum (ETH) Foundation disclosed six security challenges that need improvement to more safely store trillions of dollars in value through its official website.

Former Ethereum Foundation Advisor: "Cryptocurrency Value Shouldn't Be Judged by Price Alone"

William Mougayar, former special advisor to the Ethereum Foundation, said that cryptocurrency value should be evaluated based on utility and adoption rates, rather than just price speculation.

Unique Network CMO: "NFTs Emerging as Digital Infrastructure"

Unique Network's CMO Charu Sethi diagnosed that Non-Fungible Tokens are moving beyond speculative assets to become infrastructure for gaming, artificial intelligence (AI), and Web3.

White House: "Reports of Yellen as Likely Next Fed Chair are Baseless"

The White House officially stated that "reports suggesting current US Treasury Secretary Scott Yellen is a leading candidate for the next Federal Reserve Chair are completely baseless and false".

Anonymous Whale Earns $30.45 Million from Two ETH Trades in Recent Two Months

An anonymous whale address, presumed to be an institutional investor, has reportedly generated a profit of $30.45 million through just two Ethereum (ETH) trades over the past two months.

US Stock Market's Three Major Indices Close Higher

The United States stock market's three major indices closed higher.

S&P500: +0.55%

Nasdaq: +0.66%

Dow: +0.25%

BTC Surpasses $110,000

According to Coinness market monitoring, BTC has surpassed $110,000. Based on the Binance USDT market, BTC is trading at $110,077.24.

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#NewsBreaking#GameStop#Bitcoin#InstitutionalInvestment#AssetReallocation

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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