Telegram takes down $35 billion black-market networks, but illicit operators plan comeback
Despite the shutdowns, the black-market operators plan a comeback with new platforms and tactics.
Happy Thursday!
Telegram has shut down $35 billion in black-market networks, but illicit operators are already plotting their return. The Ethereum Foundation is rolling out a trillion-dollar security initiative to protect users and institutions, while Ukraine is making headlines with plans for its first national Bitcoin reserves, reportedly with Binance's support. Catch up on today's biggest crypto moves below.
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The global crypto market cap is $3.29 trillion, with a 24-hour volume of $118.14 billion. The price of Bitcoin is $102,301.33, and BTC market dominance is 62.0%. The price of Ethereum is $2,523.71, and ETH market dominance is 9.3%. The best-performing sector is Jobs, which gained 2%. The Crypto Fear & Greed Index is currently Greed (70).
📰 Top News
Telegram takes down $35 billion black-market networks, but illicit operators plan comeback
Despite the shutdowns, the black-market operators plan a comeback with new platforms and tactics.
Ethereum Foundation aims to secure the future with trillion-dollar security initiative
Ethereum's 1TS initiative targets comprehensive security overhaul, safeguarding user and institutional assets.
Ukraine plans first-of-its-kind Bitcoin reserves with reported support from Binance
The Bitcoin reserves move could showcase Ukraine's commitment to digital finance innovation and regulation.
📈 Latest Insights
XRP maintains steady price increase despite early May buy spike
Retail Bitcoin holdings drop to 17% as wealthier entities dominate
Ethereum futures open interest rose 50% in May as ETH broke $2,000
Bitcoin ETFs rebound with $319 million inflow on May 14 after sharp outflow day
🗞️ More News
Pi Foundation unveils $100 million investment initiative to drive real-world utility
Bitfarms financial income falls 82% YoY, magnifying net loss to $35.9M
Europol, Spanish police dismantle ‘mafia crypto bank’ laundering funds across continents
Solana derivatives flip long for 83 straight days, yet SOL sits nearly 30% below peak
Coinbase CEO wants to hire DOGE staff to help improve the global financial system
📖 Latest Market Report
Banks lagging behind crypto integration risk competition from tech-focused financial institutions
CryptoSlate's latest market report dives deep into Chainalysis' plan for banks to adopt crypto through a phased five-level maturity model that stretches from education to DeFi services.