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Daily #Web3 Market

17 June 2024:

Will Bitcoin’s price bear the brunt of Mt. Gox’s repayment plan?

Mt. Gox’s dormant status has changed as tokens worth $9.4 billion are moving out from its wallets, likely heading to creditors. Read more

Stablecoins would help US keep up with China: Former House speaker

Former House Speaker Paul D. Ryan emphasizes the need for the U.S. to implement dollar-backed stablecoins to remain competitive with China's digital currency advancements. Read more

Solana sandwich bot makes $30M from MEV arbitrage in 2 months

A Solana-based MEV bot has earned $30 million through arbitrage, making significant profits while maintaining a low profile. Read more

Bitcoin uses more renewable energy, but will Tesla accept it again?

Tesla stopped accepting Bitcoin due to environmental concerns, but with increased renewable energy use in the Bitcoin network, there's speculation about whether Tesla might accept it again. Read more

Crypto startup funding eclipses $100B

Crypto startups have raised over $100 billion in funding, with the majority of the capital accumulated since the COVID-19 pandemic. Read more

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