Howdy folks,

🚀💸Tether just minted $1 billion worth of USDT on the Tron blockchain, a move flagged by WhaleAlert that has sparked buzz about a potential price surge.

However, these tokens aren’t circulating yet and are held in reserve for anticipated future demand.

Tether's CEO, Paolo Ardoino, clarified this as an "authorized but not issued transaction," meaning these tokens are ready but not active.

In other news:

📈🥂Bitcoin ETFs are celebrating their eighth consecutive day of positive inflows, driven by a nearly 11% surge in Bitcoin prices to a two-week high of $66,000.

The lion's share of this week’s $301.04 million net inflow was led by BlackRock’s IBIT with $117.25 million, followed by significant contributions from Ark Invest and Fidelity. This sustained momentum underscores a growing investor interest in Bitcoin, with cumulative net inflows reaching $16.53 billion since January.

💥⚖️ Craig Wright's legal troubles deepen as a London High Court judge refers his case to British prosecutors for potential perjury and forgery charges. Judge James Mellor's decision follows a May ruling in the COPA vs Craig Wright case, in which Wright's claims of being Bitcoin's creator were deemed fraudulent.

The judge emphasized his certainty about Wright's dishonesty, highlighting the possibility of arrest or extradition.

💸📉Bitcoin took a brief hit, dropping over 3% amid fears of a major sell-off sparked by Mt. Gox'srecent move. Although the price recovered quickly, the defunct exchange saw a large outflow of 92,000 Bitcoins, worrying investors about potential market impacts.

With analysts divided, some argue these fears might be overstated, pointing to broader market forces at play.

DailyCoin Daily Meme

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