Here is what happened yesterday in the crypto market:
Bitcoin Climbs Above $110K, Eyes Further Gains
Bitcoin’s price surged to its strongest level in June, rebounding from last week’s decline and approaching all-time highs. Analysts suggest a potential short-term correction before a rally to $140,000, with CPI data on June 11th expected to trigger volatility.
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Ether Funds Experience Significant Inflows
Ether-based investment products led inflows among cryptocurrency-based investment products last week, marking the best week since the Trump election. Spot ETH ETFs have seen consecutive weeks of inflows, indicating strong institutional interest.
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UK Appoints Crypto Intelligence Specialist
The U.K.'s Insolvency Service has appointed its first crypto intelligence specialist to trace cryptocurrencies in bankruptcy cases, enhancing asset recovery efforts.
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Turnkey Secures $30M to Expand Crypto Infrastructure
Turnkey, founded by ex-Coinbase employees, raised $30 million in Series B funding to develop an open infrastructure layer for crypto, aiming to simplify institutional participation.
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Hong Kong to Pilot CBDC with Chainlink Protocol
The Hong Kong government is partnering with Chainlink to test cross-border transactions using a CBDC, exploring interoperability between permissioned and permissionless blockchains.
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