TL;DR

• Qiro Finance secures $1.2M in a Pre-Seed round led by Alliance.

• Tesla files documents to officially become a Texas company.

• Seven X Ventures launches the AO Ecosystem Fund.

• Coinbase disputes the US SEC’s $2.6B budget request for FY 2025.

• Santiment reports Bitcoin buying interest saw its second largest spike this year.

• U.S. lawmakers propose stricter digital asset regulations to enforce Russian sanctions.

• Riot Platforms increases its stake in Bitfarms to 14%.

• Elon Musk warns against government over-regulation.

• Long-term Ethereum holders accumulated 298,000 ETH on June 12.

Grab Your 7 Day Free Trial

You're invited to upgrade your subscription to our Premium membership with a 7 day FREE trial!

No catches. No strings attached. Just pure crypto alpha to get you ahead!
Upgrade now for:

Ad-Free Experience 🚫👀
Weekly News Summary 📰🔥
Weekly Market Summary 💸📈
Weekly Airdrop Summary 🎁💎

All for just $15/month after the trial.
Don't miss out! Get your FREE trial today 👇

Alpha of the Day

DeFi Credit Service Qiro Finance Scores $1.2 Million Pre-Seed Funding

Qiro Finance just hit the jackpot with a cool $1.2 million in a Pre-Seed round led by Alliance. That’s right, they’re rolling in the dough and ready to revolutionize DeFi credit services. Picture this: a world where getting a loan doesn’t involve selling your soul or endless paperwork. Qiro’s innovative approach promises to make borrowing as easy as binge-watching your favorite Netflix series. With this cash infusion, they’re set to level up their game, bringing more flexibility and accessibility to the DeFi space. So, grab your popcorn, because Qiro Finance is about to make some serious waves!

Tesla Set to Become a Texas Titan

Yeehaw! Tesla is trading in its Silicon Valley roots for some good ol' Texas soil. They’ve submitted all the necessary paperwork to officially become a Texas company. Expect to see Elon Musk in a cowboy hat any day now, folks. This move isn’t just about adopting southern hospitality, though. It's all about tapping into Texas' business-friendly environment and vast energy resources. So, get ready for some electric rodeo action as Tesla gears up to dominate the Lone Star State. Keep your eyes peeled for self-driving pickup trucks – you heard it here first!

Seven X Ventures Launches AO Ecosystem Fund

Seven X Ventures just unleashed their latest brainchild: the AO Ecosystem Fund. This fund is like the Swiss Army knife of venture capital, ready to slice through the red tape and bring cutting-edge blockchain projects to life. Whether it's DeFi, NFTs, or whatever the next big thing is, AO’s got it covered. With this fund, Seven X Ventures aims to foster innovation and nurture groundbreaking ideas like a tech-savvy gardener. So, if you’re a startup with a killer idea, Seven X Ventures might just be your new best friend.

Newsletter Bitcoin

Receive weekly Bitcoin summaries with news, insights and analysis on all things Bitcoin, all for free.

Coinbase Throws Shade at SEC’s $2.6 Billion Budget Request

Coinbase is not having it with the SEC’s $2.6 billion budget request for fiscal year 2025. In true crypto rebel fashion, they’re challenging this hefty ask, questioning why so much cash is needed to police the blockchain. Coinbase is basically saying, "Hey, can we maybe spend less on regulations and more on innovation?" This move underscores the ongoing tension between crypto companies and regulators. It’s like a heavyweight boxing match, and Coinbase is landing some serious jabs. Stay tuned, because this financial showdown is far from over.

Bitcoin’s Big Day: Santiment Reports Second Largest Spike in Buying Interest

Yesterday, Bitcoin was the belle of the ball, with Santiment reporting the second biggest spike in buying interest this year. It’s like everyone suddenly decided to throw their money at Bitcoin, hoping to strike digital gold. This surge in interest shows that, despite the market’s mood swings, Bitcoin still knows how to turn heads. Investors are flocking to BTC like it’s a Black Friday sale on flat-screen TVs. So, hold onto your hats, because Bitcoin's wild ride is far from over, and who knows what tomorrow will bring!

U.S. Lawmakers Propose Tighter Crypto Regulations to Hit Russia with Sanctions

In a plot twist worthy of a spy thriller, U.S. lawmakers are pushing for stricter digital asset regulations to enforce sanctions against Russia. It's like James Bond meets blockchain. They’re tightening the screws to ensure that Russia can’t sidestep sanctions through crypto. This proposal aims to close loopholes and bring more oversight to the crypto world. It’s a clear signal that the government is taking digital assets seriously and wants to make sure crypto isn’t a backdoor for bad actors. Stay tuned, because the crypto regulation drama just got a lot more intense.

Creator Spotlight

Behind-the-scenes stories from across the creator economy.

Riot Platforms Boosts Bitfarms Stake to 14%

Riot Platforms is playing Monopoly with real money, upping its stake in Bitfarms to 14%. This move solidifies their position in the crypto mining arena, like adding Boardwalk to their collection. Riot Platforms is clearly all-in on mining, betting big on Bitcoin’s future. This increased investment shows they’re not just playing around – they’re here to dominate the game. With more skin in the game, Riot Platforms is poised to reap bigger rewards, assuming Bitcoin keeps its value. Let the mining games begin!

Elon Musk Warns Against Government Over-Regulation

Elon Musk, the real-life Tony Stark, is waving the red flag against government over-regulation. In his latest advisory, he’s cautioning that too much regulation could stifle innovation faster than a smartphone running out of battery. Musk’s message is clear: let the tech world breathe and grow without a bureaucratic straitjacket. His plea for regulatory sanity is a call for balance – enough oversight to keep things safe, but not so much that it kills the vibe. So, here’s hoping the government listens before they put a damper on the next big tech breakthrough.

Ethereum Whales on a Feeding Frenzy: 298,000 ETH Accumulated

On June 12, Ethereum whales decided to go on a shopping spree, accumulating a whopping 298,000 ETH. These long-term holders are like the crypto equivalent of dragons hoarding gold. This massive accumulation is a bullish signal, suggesting that big players have faith in ETH’s future. It’s like the whales are saying, “We’re in this for the long haul.” So, while the rest of us are trying to scrape together enough ETH for gas fees, these whales are swimming in a sea of digital riches.

Big Desk Energy

Startup insights, stories, and vibes sent to your inbox every Tuesday.

Other Good Reads

The Castle Chronicle
Peeking through the castle’s keyhole

The Crypto Nutshell
Get Smarter About Crypto. Join 60,000+ subscribers and get a newsletter on Crypto News & Expert Predictions all in a nutshell 💪

Big Desk Energy
Startup insights, stories, and vibes sent to your inbox every Tuesday

Digital Assets Insights
The latest news and developments in the digital asset industry delivered straight to your inbox

Crypto Profit 101
Our Top Crypto Pick Soared 103,913% Last Bull Run! Get our next 6 coin picks with 100X potential for 2024 bull run! Don't miss out this time!

Get Supercharged
⚡️Exceed The Limits ⚡️ You are Joining the #1 Business AI Magazine read by 10,000+ business owners 🥳 As a thank-you gift we send you 10,000+ ChatGPT prompts.

The BRRR
We help you print money. Join the 6,000+ investors staying ahead of the AI and crypto markets.

The Founder’s Pack
Learn the tools, strategies, and stories of the world's best founders. Every week we share with you the best insights from our interviews with founders like Sam Parr, James Mikrut, and Kathryn Cross. Join 2700+ founders, investors, and startup fanatics for free.

Follow us on X

Check out the Podcast

Listen to crypto founders and our weekly roundup on your favourite podcast platform