*💰 *Michael Saylor gives another must see explanation on why Bitcoin is going up forever, Laura!
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JUST IN: 🇺🇸 Donald Trump calls himself a "crypto president" at San Francisco tech fundraiser.

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🏦 Kraken explores pre-IPO funding round: BloombergKraken is considering doing another funding round as it potentially eyes an initial public offering, Bloomberg reported Thursday, citing people familiar with the matter. The crypto exchange could raise north of $100 million in a pre-IPO round, as investors turn toward the crypto market amid a rally in token prices, sources told Bloomberg. If Kraken chooses to raise more funds, the round could be completed by the end of the year, according to one source who spoke with the publication.

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📊 Ethena's 'synthetic dollar' USDe crosses $3 billion supply just four months after launchEthena Labs USDe stablecoin, also known as a 'synthetic dollar' which maintains its peg through arbitrage mechanics and a yield-returning cash-and-carry trade, has reached a supply of $3 billion tokens just four months following its public launch in February. Now, it's on track to challenge DAI as the largest algorithmic or decentralized stablecoin, though it'll have to add another $2 billion in supply to get there, according to data from The Block.

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*💰 *Grayscale’s GBTC and Vaneck’s HODL Report Outflows as US Bitcoin ETFs Gain $50MApproximately $50 million in inflows were reported during Friday’s spot bitcoin exchange-traded fund (ETF) trading sessions. The day’s total trade volume amounted to about $1.73 billion. Both Grayscale’s GBTC and Vaneck’s HODL registered outflows, with HODL’s being significantly smaller than GBTC’s. Among the 11 funds, only IBIT and FBTC experienced gains, with Blackrock’s Bitcoin Trust (IBIT) capturing the majority of the inflows.

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*💰 *Bitcoin trades flat as US core PCE inflation remains steady as expectedBitcoin remained largely unmoved despite equity markets posting gains after another U.S inflation print was in line with expectations. The largest digital asset by market cap's price has increased a muted 0.7% in the past 24 hours and was changing hands for $68,738 at 9:26 a.m. ET, according to The Block’s Price Page. Similarly, the GM30 Index, representing a selection of the top 30 cryptocurrencies, increased by 0.55% to 144.92 in the past day.

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*💰 *Bitcoin miner Marathon Digital partners with Kenya on renewable energy projects
Bitcoin mining firm Marathon Digital Holdings is partnering with Kenya's Ministry of Energy and Petroleum (MOEP) on several renewable energy projects. Marathon Digital and the MOEP will come up with a series of bitcoin-based renewable energy projects in Kenya. To facilitate that work, the two groups will establish a committee charged with steering the development and implementation of those energy-related projects across the African nation, according to a joint statement.

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🇺🇸 SEC approves 8 *🪙 *Ethereum ETFs including BlackRock and FidelityThe U.S. Securities and Exchange Commission approved eight spot Ethereum ETFs in an ominbus order, confirming a last-minute scramble to get them through. The SEC approved 19b-4 forms for the ETFs from BlackRock, Fidelity, Grayscale, Bitwise, VanEck, Ark, Invesco Galaxy and Franklin Templeton. While the forms have been approved, the ETF issuers need to have their S-1 registration statements go effective before trading can begin.

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💰 Bitcoin Difficulty Rises 1.48% Reaching 84.38 Trillion at Block 844,704Bitcoin’s mining difficulty increased by 1.48% at block height 844,704, reaching 84.38 trillion. This adjustment aligns with Bitcoin’s overall hashrate exceeding the 600 exahash per second (EH/s) mark. On May 23, 2024, at block 844,704, the difficulty adjusted from 83.14 trillion to 84.38 trillion. This rise follows a 5.62% decrease on May 9, 2024, coinciding with a hashprice lower than pre-halving levels. Hashprice refers to the estimated value of one petahash per second (PH/s) of hashing power per day.

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*💰 *Cypherpunk legend Adam Back expects Bitcoin to be at +100k 🙌****
"$100,000 Bitcoin price "seems way overdue."

- Adam Back

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