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🌙 Fed Holds Rates, Trump Pushes US BTC Mining

The Federal Reserve keeps interest rates steady, while Trump pushes for all Bitcoin production to occur in the US.

Author

Mike Gavela
June 12, 2024

Crypto Roundup - June 12

The Federal Reserve has decided to keep interest rates unchanged, maintaining its cautious approach amid economic uncertainties. Meanwhile, former President Donald Trump has advocated for all remaining Bitcoin production to occur within the United States, emphasizing national control over cryptocurrency. Additionally, Terraform Labs has agreed to pay a proposed judgment to the SEC, marking a significant development in the ongoing regulatory scrutiny of crypto firms.

Top Stories:

  • Federal Reserve keeps interest rates unchanged, reflecting ongoing economic uncertainties.

  • Trump calls for all remaining Bitcoin to be produced in the USA.

  • Terraform Labs agrees to pay a proposed judgment to the SEC.

TOP STORIES

Bitcoin holds on to $69K as Fed leaves rates unchanged

The Federal Reserve's interest rate decision pushed bitcoin higher after a cooler-than-expected CPI report.

blockworks.co/news/federal-reserve-interest-rates-unchanged

Donald Trump Says He Wants All Remaining Bitcoin to Be 'Made in USA'

Early Tuesday Trump met executives from Nasdaq-listed bitcoin mining firm CleanSpark Inc. and Riot Platforms.

www.coindesk.com/business/2024/06/12/trump-we-want-all-remaining-bitcoin-to-be-made-in-usa

Terraform agrees to pay nearly $4.5B in proposed judgment with SEC

The SEC asked the court to approve a final consent judgment in its case against Terraform Labs and its former CEO Do Kwon. 

blockworks.co/news/terraform-agrees-to-pay-proposed-judgment-sec

OTHER HEADLINES

Aliens Could Be ‘Walking Among Us’, Harvard Researchers Say - Decrypt

A peer-reviewed study urges the scientific community to be open to the possibility of aliens on Earth—or hiding on the moon.

decrypt.co/235074/aliens-could-be-walking-among-us-harvard-researchers

TON is paving a path to the future for crypto

TON's integration with Telegram has made it easier for users to use crypto to pay for goods and services — without realizing it involves blockchain.

cointelegraph.com/news/ton-paving-path-future-crypto

Biden campaign in talks to accept crypto donations through Coinbase Commerce: sources

President Biden’s campaign is in discussions with industry players about accepting crypto donations through Coinbase Commerce.

www.theblock.co/post/299851/biden-campaign-in-talks-to-accept-crypto-donations-through-coinbase-commerce-sources

Blockchain thriving among Fortune 500 companies, but US lags — Coinbase

Corporate blockchain adoption is growing, with 39% more Fortune 100 companies launching projects year-on-year, despite a talent shortage in the United States.

cointelegraph.com/news/fortune-500-blockchain-projects-us-talent-shortage

Andrew Tate-Backed Solana Token DADDY Up 450% Amid Insider Buying Claims - Decrypt

A Solana token that Andrew Tate is shilling has skyrocketed as crypto analytics firm Bubblemaps alleges insider trading activity ahead of the spike.

decrypt.co/235020/andrew-tate-solana-token-daddy-450-insider-buying

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