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🚀Bitcoin Rallies Above $70,000 to Kick Off June

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✍️ In today’s newsletter:

  • June Kicks Off with a Bitcoin Boom
  • Base Ecosystem TVL Hits All-time High
  • Wisconsin’s Pension Fund Buys $160M of Bitcoin
  • Linea Halts Network after Velocore Exploit
  • StarkWare Reveals Ambitious Plan To Scale Bitcoin

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📈 Markets in the last 24 hrs:

TickerValue24h
Bitcoin$69,0051.87 %
Ethereum$3,774 -0.17 %
Gold 1st Future$2,347 1.02 %
S&P 5005283.40 0.11 %
Arch Web32.35 -1.10 %
Learn more about Arch Indices ,[object Object]%

🎬WATCH

Check out our interview with Sergey Nazarov, the co-founder of Chainlink, to get up to speed on the latest news regarding the leading oracle network. Plus, watch our DeFi 101 video exploring passive income strategies!

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💥June Kicks Off with a Bitcoin Boom

the-defiant

Crypto markets rallied on Monday ahead of a week packed with macroeconomic updates.

Data from CoinShares Research shows that capital flowed into digital asset investment products for the fourth consecutive week, totaling $185 million.

📈Base Ecosystem TVL Hits All-time High

Coinbase’s Layer 2 blockchain has hit an all-time high in terms of total value locked (TVL) as investors look forward to the exchange’s new smart wallet.

Activity and TVL on the chain began to increase dramatically after the implementation of EIP-4844 in March.

🐮Wisconsin’s Pension Fund Buys $160M Worth of Bitcoin in Trailblazing Move

Pensioners in Wisconsin are now exposed to Bitcoin, after the state’s pension fund allocated roughly 0.1% of its $156 billion portfolio to spot Bitcoin ETFs.

The State of Wisconsin Investment Board invested roughly $160 million in Blackrock’s iShares Bitcoin Trust and Grayscale’s Bitcoin Trust.

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🛑Linea Halts Network after Velocore Exploit

Ethereum Layer 2 network Linea said it stopped block production due to a security breach at Velocore, a decentralized exchange on its network.

A hacker managed to exploit Velocore and steal $7 million of assets before moving 700 ETH (approximately $2.7 million) off the network using a third-party bridge. To prevent the attacker from bridging more assets, Linea halted the sequencer, its system for processing transactions.

⛓️StarkWare Reveals Ambitious Plan To Scale Bitcoin Through Controversial Upgrade

StarkWare, the team that pioneered zero-knowledge-based rollups in 2018 and developed Layer 2 Starknet, has unveiled an ambitious plan to now scale Bitcoin.

🌍 ELSEWHERE

  • Bitcoin ETFs Resume Inflow Winning Streak; BlackRock's IBIT Crosses $20B in AUM (CoinDesk)
  • Donald Trump Claims Profit From 'Crazy New Currencies' — Here's A Look At The Cryptos He Own (Benzinga)
  • Deutsche Bank ties up with Bitpanda in 'cautious' crypto shift (Reuters)

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