Biden’s campaign team plan sharply contradicts the crypto-related policies that have come out of the White House since he became president. This move seems to be a reaction to the attention Trump has gotten since turning pro-crypto. Sources familiar with the discussions revealed that the crypto plan was only in its exploratory phase. So, this means no final decision has been made yet, but it would mark a major departure from his previous advances #siamstr

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Microsoft held its annual Xbox Games Showcase on Sunday afternoon, and with it came a look at 30 games and the announcement of three new series consoles. Phil Spencer highlighted Xbox's interoperability plans with all devices alongside new hradware devices including a handheld gaming device and it's partnership with Meta Quest on VR/AR. Meanwhile, Apple fumbles its WWDC event. #siamstr

Investors in AI-linked cryptocurrencies saw losses after Apple’s annual developer conference failed to deliver the anticipated AI buzz. This slump occurred despite anticipation that Apple (AAPL) would unveil groundbreaking AI advancements at the Worldwide Developers Conference (WWDC2024). While the tech giant did announce “Apple Intelligence,” a suite of AI features for its devices, and a partnership to integrate OpenAI’s ChatGPT, these announcements underwhelmed investors. #siamstr

China is close to allowing cryptocurrency ownership again if several recent developments are taken into account. Major crypto exchange Bybit reportedly resumed registration and authentication of crypto users from the country even as the official government stance remains the same. #siamstr

Adobe Stealing Your Personal Files? A change to Adobe terms & conditions for apps like Photoshop has outraged many professional users, concerned that the company is claiming the right to access their content, use it freely, and even sub-licence it to others. The company is requiring users to agree to the new terms in order to continue using their Adobe apps, locking them out until they do so. #siamstr

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Robinhood is making headlines as CEO Vlad Tenev addresses the company’s preparedness for the recent surge in GameStop Corp GME shares and its strategic acquisition of Bitstamp. This follows Keith Gill, known as Roaring Kitty, announcing a livestream, causing GameStop shares to soar by 47%. Is crypto the only answer to market instability? #siamstr

Robinhood Markets has announced the purchase of Bitstamp Ltd., a cryptocurrency exchange, for US$200 million. The all-cash deal, slated for completion in the first half of 2025 pending regulatory consent, is set to extend Robinhood’s reach into the institutional crypto market and enhance its international footprint. #siamstr

United States Securities and Exchange Commission (SEC) Chair Gary Gensler found himself criticizing the crypto industry on live television yet again on Wednesday—but this time, the regulator appeared to use markedly softer language as he was asked about potential crypto ETFs ahead. Bitcoin shot up 1.5% to $71,600, its highest price since March. #siamstr

#siamstr In a positive development for Australia, Monochrome Asset Management has launched a spot Bitcoin Exchange-Traded Fund (ETF) on the Cboe Australia exchange. Notably, the Monochrome spot Bitcoin ETF (IBTC) represents Australia’s first and only ETF holding Bitcoin (BTC) directly. Meanwhile, FDIC said the US banking system is at high risk of insolvency as 63 banks have $517 billion in unrealized losses in Q1 2024.

In a positive development for Australia, Monochrome Asset Management has launched a spot Bitcoin Exchange-Traded Fund (ETF) on the Cboe Australia exchange. Notably, the Monochrome spot Bitcoin ETF (IBTC) represents Australia’s first and only ETF holding Bitcoin (BTC) directly. Meanwhile, FDIC said the US banking system is at high risk of insolvency as 63 banks have $517 billion in unrealized losses in Q1 2024.

In a dramatic twist, Cathie Wood’s Ark Invest has unexpectedly pulled out of the Ethereum ETF race. It is ending its partnership with 21Shares and casting doubts on the prospects of approval just as issuers fine-tune their strategies for the final leg of the race. Meanwhile, President Biden late-friday finally officially veto SAB-121 which allowed banks to custody crypto. #siamstr

The deadline approaches for a major Biden decision on Monday. The repeal of SAB-121 which basically banned banks from letting customers store their crypto in their own bank accounts. Could Elizabeth Warren lose her election race against John Deaton? #siamstr

A recent report reveals Biden seeks to understand the “crypto community and policy moving forward.” This move reflects a significant shift from his previous stance. Meanwhile, Cathie Wood hints Solana ETF would be most likely next. #siamstr

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A U.S. federal judge has ordered the Securities and Exchange Commission (SEC) to pay about $1.8 million in legal fees to Debt Box. This ruling has major implications for the SEC. The agency, responsible for enforcing securities laws and market integrity, faces a serious setback. Meanwhile, BlackRock's Bitcoin ETF now holds more BTC than its rival, the longstanding Grayscale Bitcoin Trust. #siamstr

U.S. trading on Tuesday moved to a shorter settlement cycle for securities transactions, putting investors and regulators on alert for increased trade failures and other hiccups in the world’s largest financial market over the coming days. Meanwhile, Live Nation Entertainment Inc. (NYSE: LYV), the parent company of Ticketmaster, plummeted Wednesday following news that the U.S. Department of Justice (DOJ) is filing an antitrust lawsuit against the company. Taylor Swift has remained suspiciously quiet. #siamstr

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