Tuesday June 4, 2024
“All the news that bit to print.”
◾ Dapper Labs settled a class action lawsuit affirming that Flow is a decentralized network and NBA Top Shots are not securities. (X)
◾ Ault Alliance ($AULT) is issuing a special preferred stock dividend paying a profit share from Sentinum’s “AI data center and bitcoin mining” operations. (Businesswire)
◾ MicroStartegy ($MSTR) and its Executive Chairman Michael Saylor agreed to a $40 million tax evasion settlement with Washington’s AG. (CNBC)
Government & NGO Actions
◾ The Central Bank of Qatar is launching a CBDC project to test large payment settlement with a group of local and international banks. (Qna.org)
◾ Dubai’s Financial Services Authority amended its crypto token regime to address custody, staking, and stablecoin. (DFSAEN)
Financial Notices & Public Company Releases
◾ Galaxy Digital ($GLXY) tokenized a 1708 Stradivarius violin and will hold the NFT and violin itself as collateral on a $9 million loan. (Bloomberg)
◾ Core Scientific ($CORZ) announced a 200 MW 12-year contact with AI hyperscaler CoreWeave. (CoreScientific)
◾ Bitfarms ($BITF) mined 156 bitcoin (6.4 EH/s) in May, selling 136. (Bitfarms)
◾ Gryphon Digital Mining ($GRYP) is being added to the Russell Microcap Index. (GryphonDigital)
Restructuring, Losses & Legal News
◾ The US Justice Department indicted the CFO of Epoch Times for laundering over $67 million in crypto. (Justice.gov)
◾ Sam Bankman-Fried has been returned to Brooklyn’s Metropolitan Detention Center. (Bop.gov)
AI Announcements
◾ Advanced Micro Devices (AMD) introduced its latest AI processors and it’s two-year development roadmap. (Reuters)
◾ Taiwanese chip giant TSMC ($TSM) says relocating its factories is impractical because nearly all its chip production happens in Taiwan. (Reuters)
◾ Microsoft ($MSFT) is accusing Russia of ramping up disinformation campaigns against France, French President Emmanuel Macron, the International Olympic Committee (IOC), and this summer’s Olympic Games in Paris. (Microsoft)
Protocols, Applications & Business News
◾ Deutsche Bank ($DB) will provide and on and off ramp with real-time payment solutions for Bitpanda customers in Germany. (DB)
◾ State Street Corp ($STT) is rebuilding its digital assets division. (TheInformation)
◾ Blockchain interoperability protocol Connext is rebranding as Everclear. (Globenewswire)
◾ FusionIQ, a white-label platform for wealth managers, won the 2024 Banking Tech Awards USA for Software-as-a-Service solutions in the wealth management category. (PRnewswire)
Metaverse & Gaming Briefings & Activations
◾ Microsoft ($MSFT) is restructuring its mixed reality organization but will continue to sell its AR HoloLens 2 headset. (Reuters)
Market Data
◾ Bitcoin's difficulty is expected to climb 2.1% on Wednesday night, marking its second consecutive increase. (Btc.com)
Exchange, Custody & Product Updates
◾ Binance will no longer allow European customers to buy unregulated stablecoins. (Binance)