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The Funding: Why VCs are so bullish on the TON token
The Funding: Why VCs are so bullish on the TON token

Quick Take This is an excerpt from the fifth edition of The Funding newsletter sent to our loyal readers on June 29. The Funding is a fortnightly newsletter written by Yogita Khatri, The Block’s longest-serving editorial member. To subscribe to the free newsletter, click here.

The Block·2024/06/29 20:01
Spot Bitcoin ETFs see $73M inflow amid mixed fund movements
Spot Bitcoin ETFs see $73M inflow amid mixed fund movements

Share link:In this post: Bitcoin spot ETFs saw a $73 million inflow on June 28, with varying activity across different funds. Grayscale ETF GBTC had a $27 million outflow, while BlackRock ETF IBIT saw an $82 million inflow. The US government transferred 3,940 Bitcoin to Coinbase Prime on June 26, flagged by Arkham Intelligence. The SEC is cautiously approving Bitcoin and Ether ETFs but remains uncertain about other tokens like Solana.Disclaimer. The information provided is not trading advice. Cryptopolitan

Cryptopolitan·2024/06/29 15:52
Flash
01:44
According to CCTV Finance, driven by factors such as a stronger US dollar, international gold and silver prices fell on Friday.
The price of gold futures for August delivery on the New York Mercantile Exchange fell more than 1.7% late in the session; the price of silver futures for July delivery dropped over 2%. As the NYMEX closed trading early, there was no closing price for New York gold and silver futures that day. For the week, as the Federal Reserve delivered a stronger-than-expected "hawkish" signal, the US dollar index strengthened significantly, putting pressure on non-interest-bearing assets. The main gold futures contract price on the New York Mercantile Exchange edged up by 0.17% this week; the main silver futures contract price on the New York Mercantile Exchange fell by 2.43% this week. Since silver possesses both financial and industrial characteristics, the expectation of further Federal Reserve rate hikes and weakening global industrial demand have combined to cause a more significant decline in silver prices.
01:37
Data: F2Pool co-founder suspected of accumulating over $33.41 million in ETH and WBTC
According to ChainCatcher, monitored by Ai Yi, F2Pool co-founder Wang Chun is suspected to have accumulated additional ETH and WBTC worth approximately $3.3411 million over the past 15 hours. It is suspected that he increased his holdings by 11,448.4 ETH, valued at about $19.35 million, with an average withdrawal price of around $1,690; meanwhile, he also allegedly added 224.66 WBTC, worth approximately $14.05 million, with an average withdrawal price of about $62,554.
01:14
America's Car-Mart stated that its ongoing evaluation of strategic alternatives cannot guarantee that it will result in any transaction or other concrete outcome.
The company pointed out that the review process may not lead to changes in business strategy, capital structure, operating model, or ownership. Market participants should pay attention to relevant developments, but should be aware that the potential outcomes are highly uncertain. This evaluation aims to explore various possibilities for enhancing shareholder value; however, the company has not set a timetable for completing the review and has not committed to disclosing any subsequent decisions.
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