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🌙 Bitcoin ETFs Resume Inflow Winning Streak

BlackRock's iShares Bitcoin Fund (IBIT) crosses $20 billion in assets under management.

Author

Mike Gavela
June 04, 2024

Crypto Roundup - June 4

Bitcoin ETFs are experiencing a resurgence in inflows, with BlackRock's iBIT surpassing $20 billion in assets under management. Meanwhile, StarkWare has announced plans to bring zero-knowledge (zk) scaling technology to Bitcoin, complementing its existing work on Ethereum. In another development, Bitcoin miner Core Scientific's stock surged following an AI deal and reports of a buyout offer exceeding $1 billion from CoreWeave.

Top Stories:

  • Bitcoin ETFs resume inflow: BlackRock's iBIT crosses $20B in AUM.

  • StarkWare plans to bring zk scaling to Bitcoin alongside Ethereum.

  • Bitcoin miner Core Scientific surges after AI deal and $1B buyout offer.

TOP STORIES

Bitcoin ETFs Resume Inflow Winning Streak; BlackRock's IBIT Crosses $20B in AUM

After a period of flat to negative flows, the spot ETFs have added $2.4 billion in assets over the past month, according to data from Bloomberg Intelligence.

www.coindesk.com/markets/2024/06/04/bitcoin-etfs-resume-inflow-winning-streak-blackrocks-ibit-crosses-20b-in-aum

StarkWare plans to bring ZK scaling to Bitcoin alongside Ethereum

Starknet developer StarkWare plans to bring its zero-knowledge tech to Bitcoin, simultaneously scaling the network alongside Ethereum.

www.theblock.co/post/298398/starkware-plans-to-bring-zk-scaling-to-bitcoin-alongside-ethereum

Bitcoin Miner Core Scientific Surges After AI Deal, Report of Over $1B Buyout Offer From CoreWeave

Cloud computing provider CoreWeave made an offer to buy the bitcoin miner for $5.75 per share, according to Bloomberg.

www.coindesk.com/business/2024/06/04/bitcoin-miner-core-scientific-surges-after-ai-deal-report-of-over-1b-buyout-offer-from-coreweave

FUNDRAISES

OTHER HEADLINES

‘Notcoin’ Is Giving $1 Million to Telegram Game’s Pre-Market Traders - Decrypt

Did you buy or hold one of Notcoin’s earliest pre-market vouchers? If so, the game is handing out 40 million NOT as a reward.

decrypt.co/233821/notcoin-giving-1-million-telegram-game-pre-market-traders

SEC to Shutter Office Behind Failed DEBT Box Crypto Lawsuit

The judge dismissed the SEC case against DEBT Box last week, after the regulator filed for dismissal without prejudice.

www.coindesk.com/policy/2024/06/04/sec-to-shutter-office-behind-failed-debt-box-crypto-lawsuit

FTX wants to pay the IRS $200 million instead of $24 billion in tax liabilities

FTX is not responsible for Bankman-Fried's misappropriated customer funds when considering tax liabilities, the firm argued. 

www.theblock.co/post/298456/ftx-wants-to-pay-the-irs-200-million-instead-of-24-billion-in-tax-liabilities

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