Crypto Market Cap Up 15% in a Week

·       Many large companies including Tesla, Micro Strategy, and Block lost about 5 billion dollars from the drop in Bitcoin. “Bloomberg”

·       The Federal Bureau of Investigation arrested the former Coinbase Global product manager for using privileged information to trade crypto. “Coin Telegraph”

·       Around 230,000 Bitcoin, worth 5.5 billion dollars has been liquidated by large institutions since May 10. “Coin Telegraph”

·       Prince Philip of Serbia calms rumors of Arab Country Bitcoin adoption. “Coin Telegraph”

·       Crypto market cap climbs 15% in a week following Ethereum Merge date revelation. “Coin Telegraph”

·       Siam Commerical Bank postpones acquisition of Thai crypto exchange Bitkub. “Bitcoin News”

·       According to SEC, cryptocurrencies are actually crypto asset securities. “U Today”

·       Tesla said on an “earnings call” that it has converted about 75% of its Bitcoin purchases into fiat currency. “Bloomberg”

·       Bitcoin’s mining difficulty has recorded the biggest drop of 2022. “U Today”

·       Financial regulators in Taiwan have essentially made it impossible to purchase crypto with credit cards. “Coin Desk”