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BlackRock’s IBIT overtakes GBTC as the world’s largest Bitcoin ETF

BlackRock’s $20 billion spot Bitcoin ETF recorded inflows of over $102 million on May 28, while Grayscale’s ETF bled again. Source link

Hong Kong SFC to compliance check crypto firms offices after license deadline

A total of eleven crypto asset companies and exchanges have withdrawn license applications ahead of the deadline. Source link

El Salvador’s Bitcoin, AI plans could boost GDP tenfold by 2029: Cathie Wood

The ARK Invest CEO praised the Central American country for being an “oasis” for Bitcoin and AI adoption. Source link

Luxor and Bitnomial launch Bitcoin mining derivatives product

The new crypto derivatives product allows investors to speculate on future hashrates and hashprices. Source link

BlackRock adds own Bitcoin ETF to income and bond funds

One of the funds was BlackRock’s Strategic Income Opportunities Fund worth over $37.4 billion. Source link

Judge dismisses Debt Box case, orders SEC to pay $1.8M in fees

The civil lawsuit initially filed by the commission in 2023 ended on May 28, with a judge ordering the SEC to pay attorney and receivership fees. Source link

Binance France changes ownership following regulator warning

Former CEO Changpeng Zhao cannot be Binance’s beneficiary if it wants to keep its French license. Source link

Why was Ryan Salame given a sentence longer than prosecutors recommended?

U.S. authorities had requested a judge impose a sentence of five to seven years on the former FTX Digital Markets co-CEO, but one ordered Ryan Salame to spend 90 months in prison. Source link

Riot Platforms proposes $950M buyout for Bitfarms amid CEO dispute

The hostile offer comes after a private offer to the board was rejected in April. Source link

Bitcoin investment inflows hit $1B as long-term holders accumulate

Inflows to crypto Bitcoin funds top $1 billion as BTC price remains stuck in a range below all-time highs. Source link