2024-06-21

Author

Fernando Fierro
June 21, 2024

Howdy folks,

📈🌍 Argentine President Javier Milei has expressed his support for free currency competition, including Bitcoin. He believes in the freedom to transact using any medium, be it BTC, traditional currencies, or even commodities like oil and gas.

His stance is part of a broader vision to revive Argentina’s economy through radical reforms, although his balanced approach may disappoint Bitcoin maximalists hoping for state-level BTC adoption.

In other news:

💡🌿 Ethereum co-founder Vitalik Buterin is pushing back against the idea that crypto has lost its ideological roots amid fears of over-financialization. He insists that idealistic innovations like decentralized social networks and quadratic funding are still thriving.

Despite the market's focus on financial speculation, Buterin believes the core values of democracy and privacy remain intact.

💸📉 Bitcoin ETFs have seen significant net outflows, with $139.9 million withdrawn as BTC prices fell below $65K again. This marks the fifth consecutive day of outflows, with major funds like Grayscale’s GBT and Fidelity’s FBTC seeing the largest losses.

Contributing factors include recent sales by the German government, which moved $600 million in BTC.

💰🔗 MicroStrategy continues its aggressive Bitcoin acquisition strategy, purchasing an additional 11,931 BTC worth $786 million. This brings their total holdings to 226,331 BTC, over 1% of the total supply.

The company plans to further boost its BTC treasury by selling $500 million in convertible senior notes, reinforcing its commitment to the crypto market.

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Fetch.ai (FET) Soars 209% in Volume Ahead of ASI Alliance

Anticipating the landmark Artificial Superintelligence Alliance: Fetch.ai (FET) blows up 299% in Derivatives volume, bouncing back from 3-month lows.

Kraken, CertiK Sling Mud in Wild Tale of Exploits and Extortion

The exchange and security firm are pointing fingers over a multi-million-dollar exploit on the platform.

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DISCLAIMER: The content provided does not constitute financial advice. This newsletter is purely educational and should not be considered as investment advice or a recommendation to buy or sell any assets or make any financial decisions. Please exercise caution and do your own research.

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