Bittime - Today's crypto market movements are quite diverse. News about crypto is also varied. There is news about Bitcoin ETFs, developments in the Changpeng Zhao (CZ) case, Joe Biden using his veto power, and Donald Trump's ownership of crypto assets. Following are today's crypto news highlights, June 1, 2024.
Global Bitcoin ETF Hits 1 Million BTC
The amount of Bitcoin in Bitcoin ETFs globally has hit a new record high, surpassing 1 million BTC for the first time. According to data from HODL15Capital, as of May 31, 2024, global Bitcoin ETFs collectively held a total of 1,005,767 Bitcoins, worth more than $68 billion.
This figure shows a significant increase in Bitcoin holdings by ETFs. Among global Bitcoin ETFs, US spot Bitcoin ETFs hold the largest share, with a total of 858,301 Bitcoins worth more than $58.1 billion.
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Joe Biden Uses Veto Rights, Rejects Cancellation of SAB 121
The President of the United States, Joe Biden, has rejected a resolution seeking to overturn the SEC's promulgation of crypto custody accounting standards known as SAB 121.
In a letter published on the White House website, Biden emphasized that his administration would not support measures that could harm the interests of consumers and investors.
CZ, Former CEO of Binance, Officially Imprisoned
Changpeng Zhao, the former CEO of Binance also known as CZ, has begun serving his federal prison sentence in California. This was confirmed by CZ's legal team from Latham & Watkins.
CZ was charged with committing a violation, namely deliberately not implementing an effective anti-money laundering program in accordance with the provisions of the Bank Secrecy Act.
CZ was also indicted on charges of allowing Binance to process transactions involving the proceeds of illegal activities, including transactions between US citizens and individuals in sanctioned territories.
As a result of this violation, the US government ordered Binance to pay fines and compensation amounting to USD 4.3 billion. Apart from that, CZ was also fined USD 50 million.
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Donald Trump's Crypto Holdings Exceed $14 Million
According to the latest data from Arkham, the value of crypto assets owned by the former President of the United States, Donald Trump, currently reaches $14,206,149.24. The crypto assets owned by Donald Trump consist of various types of crypto, but the largest are TRUMP, ETH, and WETH.
Apart from these three main assets, Trump also has several other types of crypto such as MVP, CONAN, and BABYTRUMP, although their value is not as large as the three main assets above. Added up, Donald Trump's crypto holdings reach more than $14 million.
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How to Buy Crypto with Bittime
You can buy and sell crypto assets in an easy and safe way through Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Monitor price chart movements of Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
Also Read:
CZ, Former CEO of Binance, Officially Imprisoned in California
Donald Trump's Crypto Holdings Exceed $14 Million, Here's a Breakdown of His Assets!
Joe Biden Rejects Cancellation of SAB 121: Consumer Protection is a Priority!
DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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