Insiders, who spoke to Bloomberg, say a breakup of the company, a sale, or the decision to maintain its current structure are all on the table. Source: https://cointelegraph.com/news/new-york-stock-exchange-backed-bakkt-considers-sale-report
A US regulator is banning a former Wells Fargo employee from the banking industry after she allegedly sold private customer information and triggered more than half a million dollars …
The COPA vs Craig Wright trial made a resurgence on Friday to determine what costs and penalties Wright might suffer. Source: https://www.coindesk.com/policy/2024/06/07/copa-seeks-payment-of-85-of-costs-in-craig-wright-case/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
Ideas about lower U.S. interest rates were foiled again and a plunge in shares of speculative favorite GameStop soured the mood in crypto. Source: https://www.coindesk.com/markets/2024/06/07/big-friday-crypto-selloff-pulls-bitcoin-below-70k/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
Solana-based meme token GME is down 50% from earlier Friday, but remains sharply higher for the week Source: https://www.coindesk.com/markets/2024/06/07/gamestop-tumbles-40-as-trading-icon-roaring-kitty-returns-to-livestream/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
The move is not a widespread debanking of hedge-fund clients, but rather the offboarding of inactive accounts, one person said. Source: https://www.coindesk.com/business/2024/06/07/customers-bank-said-to-debank-some-digital-asset-hedge-funds/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
Recent soft economic and inflation data combined with rate cuts this week in Europe and Canada have investors rethinking expectations about Fed policy. Source: https://www.coindesk.com/business/2024/06/07/us-added-272k-jobs-in-may-blowing-past-estimates-unemployment-rates-rises-to-40/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
The acquisition will potentially allow the trading platform to offer a wider range of crypto products to a more institutional client base, the report said. Source: https://www.coindesk.com/markets/2024/06/07/robinhoods-bitstamp-deal-is-strategic-and-brings-added-institutional-exposure-bernstein/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
Telegram, the popular messaging app, has rolled out an exciting new feature: an in-app digital payment token called Stars. This innovative addition allows users to make in-app purchases seamlessly …
The bullish forecast comes ahead of key U.S. data that is likely to influence Fed rate cut expectations. Source: https://www.coindesk.com/markets/2024/06/07/bitcoin-could-lift-to-83k-in-the-coming-days-analyst-says/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
