🚫 OKX CEO: The exchange is blocking users who use VPN/Tor to access the exchange from prohibited regions or sanctioned countries - a compliance team of over 600 people monitors and blocks such accounts and funds.
🇹🇷 Turkey has blocked 46 crypto sites, including PancakeSwap, for operating without licenses.
🇸🇪 The Swedish Minister of Justice urged authorities to more actively seize cryptocurrencies and other income of unclear origin, using a new law from November 2024 that allows confiscation of property without evidence of a crime if the owner cannot explain its source.
The rest:
🔹 At the EthCC conference in Cannes, they discussed mass institutional adoption #Ethereum : BlackRock, Deutsche Bank, Coinbase, and Kraken are building products based on it, Robinhood became the first public American company with tokenized shares through Arbitrum (an Ethereum-based L2 network), companies with #ETH in treasury showed growth of up to 1200%, Ethereum ETFs have recorded two months of inflows, and institutions are choosing Ethereum for its 10-year stability and resistance to censorship.
🥇 Historically, #bitcoin peaks 18 months after the halving, which suggests September/October - coinciding with a potential rate cut by the Fed, but the current cycle differs with institutional participation, lower volatility, and more stable growth, which could lead to a longer bull market.
🤷♂️ The founder of the OTC platform STIX reported that he received requests from dozens of large holders #WLFI (7-8 digit amounts) for sale at any price above cost, but there are practically no buyers.
🔍 Speculators have accumulated one of the largest short positions in Ethereum futures in history.
🦮 The Letsbonk .Fun platform from #Bonk released 7714 meme coins in a day (second place after Pump.fun with 19367), achieving a trading volume of $95.36 million and fees of $327K.
🤔 Trump signed a major bill "One, Big, Beautiful Bill."