First Mover Americas: Bitcoin Fluctuates Around $71K, Consolidating This Week’s Rally The latest price moves in bitcoin (BTC) and crypto markets in context for June 6, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

Robinhood to Buy Crypto Exchange Bitstamp in Effort to Expand Outside the U.S. Trading platform Robinhood (HOOD) agreed to acquire crypto exchange Bitstamp as it looks to expand its crypto presence globally and attract institutional clients through new product offerings, the company announced Tuesday.

Meme Coin Institutional Holdings Surged Since January, Led by DOGE, SHIB, PEPE Institutional investors on crypto exchange Bybit increased meme coin allocations to a high of $300 million in April from $63 million at the start of this year.

Crypto Remains Sidelined as EU Election Kicks Off The election for new members of the European Parliament starts June 6, with results expected on June 9. The more than 700 MEPs shape and decide on new laws, and will be voted in as the EU’s landmark Markets in Crypto Assets legislation starts coming into effect.

VanEck Sees Ether Hitting $22K by 2030 Ether’s 2030 valuation is forecasted at $2.2 trillion, driven by $66 billion in free cashflows and $15 trillion TAM potential, VanEck writes

Florida Man Pleads Guilty to Wire Fraud Conspiracy Tied to Forcount Crypto Ponzi Juan Tacuri, oe of the top promoters in the Forcount crypto ponzi scheme – a Brazil-based scam that bilked Spanish-speaking investors around the world of a collective $8.4 million – has pleaded guilty to his role in the operation, federal prosecutors announced Wednesday.

Crypto’s Latest Privacy Battle

Advocacy Group ‘Stand With Crypto’ Says It’s Exceeded 1 Million Signups Stand With Crypto, a digital assets advocacy group backed by Coinbase Inc., said it signed up its first million members as of Wednesday.

The Protocol: Another Episode in the Layer-2 Teams Drama We take a look at what unfolded after Matter Labs’ planned to trademark the term “ZK.”

Bitcoin Options Traders Anticipate Imminent Breakout Above $74K to New Record Prices One market observer noted “very concentrated call buying” looking to profit from a rally to between $74,000 and $80,000 by the end of this month.

SEC’s Gensler Shrugs About New Crypto ETFs Strolling Through His Agency’s Gates The approval of new exchange traded funds (ETFs) for Ethereum’s ether {{ETH}} is a logical next step to the regulator previously approving spot bitcoin ETFs, U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler seemed to suggest twice on Wednesday.

IOTA Kickstarts EVM Targeting DeFi, Real World Assets The EVM will let developers build applications with smart contracts that run on the IOTA network.

Bitcoin Miners With Attractive Power Contracts Are Potential M&A Targets, JPMorgan Says U.S. listed bitcoin miners draw up to 5 gigawatts of power and have access to an additional 2.5 GW, making them attractive potential takeover targets, the report said.

A More Than $1T Bitcoin DeFi Opportunity Decentralized finance is coming to Bitcoin – and it could be huge.

The Blockspace Singularity One of crypto’s biggest flaws – a lack of mainstream use – could be going away.

Crypto Security Firm Ironblocks Builds ‘Firewall’ for DeFi Protocols “Once you get hacked in most of the cases you’re done,” CEO Dadosh said. “And this is what we’re trying to prevent.”

Binance Asks UK Competition Tribunal to Throw Out Most of Collusion Case: Reuters The case relates to the delisting of the BSV token in 2019.

Paxos Unveils Yield-Generating Stablecoin Lift Dollar USDL is issued in the UAE and regulated by the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM).

Did a Single Trump NFT Purchase Change Washington’s Mind on Crypto? Valentin Pletnev couldn’t use his ticket for a Mar-a-Lago Trump gala, so prominent crypto figure Ryan Selkis went instead. Neither expected the U.S. policy whirlwind that followed, but even as Pletnev upgrades his DeFi platform to promote ‘Yield for All,’ it still won’t be available in the country.

Riot Platforms Falls After the Bitcoin Miner Is Targeted by Short-Seller Kerrisdale The short-seller has targeted MicroStrategy previously.