Bitcoin Tops $70K to Lead CoinDesk 20 Gainers: CoinDesk Indices Market Update All but two assets in the gauge lost ground over the past week, led by UNI’s 14% decline.

Multicoin, Coinbase Ventures Invest in Latin American Stablecoin-Powered SuperApp El Dorado Stablecoin adoption is soaring in the region as many people turn to the crypto tokens as a shield against currency devaluation and cheap remittances.

Bitcoin-Based Meme Coin DOG Rockets Toward $1B Market Cap A meme coin issued on Bitcoin’s Runes protocol is nearing a $1 billion market cap following a 200% surge over the past 30 days.

First Mover Americas: Bitcoin Drops From $70K as Bullish Signal Strengthens The latest price moves in bitcoin (BTC) and crypto markets in context for June 4, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

Galaxy Digital Could Benefit From Improving Political Sentiment Towards Crypto in U.S.: Benchmark The broker assumed coverage of the digital assets platform with a buy rating and a C$19 price target.

Polygon Spinoff Avail Raises $43M in Series A Funding The news comes three months after Avail, the data availability company, disclosed its $27 million seed funding round.

Polygon Acquires Zero-Knowledge Cryptography Firm Toposware The acquisition means that Polygon has invested over $1 billion in zero-knowledge technology and firms, the team shared in a press release. Sources close to the deal told CoinDesk that the acquisition is near $30-50 million.

Bitcoin Layer 2 Ark Protocol’s Team Forms New Firm as Lightning Network Competitor

Bitcoin Miner Core Scientific Surges After AI Deal, Report of Over $1B Buyout Offer From CoreWeave Cloud computing provider CoreWeave made an offer to buy the bitcoin miner for $5.75 per share, according to Bloomberg.

English Soccer Club Watford FC to Offer 10% Digital Equity Through Investment Platform Seedrs Currently an EFL Championship club, Watford has periodically competed in the Premier League over the last decade.

Australian Regulator Scolded Over ‘Misleading’ Release, Must Pay Costs as Block Earner Avoids Penalty Block Earner doesn’t need to pay a penalty because it acted honestly in seeking to engage with government over regulation of crypto-related products and services.

Epoch Times CFO Charged With $67M Fraud Scheme Involving Crypto Platform The crime proceeds were generally purchased by the scheme participants at discounted rates of up to 80 cents per dollar in exchange for an unspecified cryptocurrency.

DWF Labs to Purchase $12M FLOKI From Project Treasury, Open Market The agreement comes as Floki gears up to introduce new products in the coming months, including the Valhalla metaverse game on mainnet.

Bitpanda Drafts Deutsche Bank to Process Fiat Transactions in Germany This is Bitpanda’s second major partnership in Germany this year after the broker was enlisted by LBBW to offer crypto custody services in the country.

Bitcoin Sees Profit-Taking Around $70K Amid ‘Stubbornly Bullish’ Sentiment On-chain data shows over 50% of Bitcoin supply remains inactive, a sign of strong long-term conviction in the asset.

Dapper Labs Agrees to $4M Settlement in Class Action Securities Suit Dapper Labs has reached a tentative settlement agreement with a group of investors who sued the non-fungible token (NFT) company and its co-founder and CEO Roham Gharegozlou for allegedly violating federal securities laws.

Trump Conviction Barely Dents His Odds of Winning Election: Prediction Markets Plus: Polymarket traders doubt Trump will go to prison; Kalshi bettors are at odds with the CME FedWatch poll on rate cuts.

Bitcoin Knocks on $70K Level; Bitfinex Hopeful Selling Pressure That Sparked a Correction Is Ending Bitcoin’s slump since March was driven by long-term holders selling, but blockchain data shows the trend has stalled and investors are accumulating BTC, Bitfinex said in a report.

Wisconsin Pension Plan Likely to Invest Much More in Bitcoin ETF, Marquette Professor Says The first quarter addition of two spot bitcoin exchange-traded funds (ETFs) to the portfolio of Wisconsin’s pension plan was likely just the beginning for that U.S. state’s investments into crypto, said David Krause, a professor of finance at Milwaukee-based Marquette University.

Former Binance CEO CZ Begins 4-Month Prison Sentence in California Binance founder Changpeng “CZ” Zhao has reported to a federal prison in California where he will spend the next four months for failing to implement an adequate know-your-customer (KYC) program at the world’s largest cryptocurrency exchange.