🚀Bitcoin Surpasses $70,000 to Kick Off June

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✍️ In today’s newsletter:

• June kicks off with a Bitcoin boom
• Core Ecosystem TVL Hits All-Time High
• Wisconsin Pension Fund Buys $160 Million in Bitcoin
• Linea Shuts Down Network After Velocore Exploit
• StarkWare reveals ambitious plan to scale Bitcoin

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📈 Markets of the last 24 hours:

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💥June kicks off with a Bitcoin boom

Crypto markets recovered on Monday ahead of a week full of macroeconomic updates.

Data from CoinShares Research shows that capital has flowed into digital asset investment products for the fourth consecutive week, totaling $185 million.

📈Core Ecosystem TVL Hits All-Time High

Coinbase Layer 2 blockchain has reached a critical pointA record level in terms of total value locked (TVL) as investors eagerly await the stock market new smart wallet.

Activity and TVL on the channel started to increase significantly after the implementation of EIP-4844 in March.

🐮Wisconsin Pension Fund Buys $160M worth of Bitcoin in Pioneering Initiative

Wisconsin Retirees Now Exposed to Bitcoinafter the state pension fund allocated about 0.1% of its $156 billion portfolio to spot Bitcoin ETFs.

The Wisconsin State Investment Board invested approximately $160 million in iShares Bitcoin Trust from Blackrock and Bitcoin Trust from Grayscale.

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🛑Linea Shuts Down Network After Velocore Exploit

Ethereum Layer 2 Network Linea announced the cessation of block production due to security breach at Velocorea decentralized exchange on its network.

A hacker managed to exploit Velocore and steal $7 million of assets before moving 700 ETH (approximately $2.7 million) from the network using a third-party bridge. To prevent the attacker from linking more assets, Linea stopped the sequencerits transaction processing system.

⛓️StarkWare reveals ambitious plan to scale Bitcoin with controversial upgrade

StarkWarethe team that launched zero-knowledge rollups in 2018 and developed Layer 2 Starknet, has unveiled a ambitious plan to scale Bitcoin from now on.

🌍 SOMEWHERE ELSE

• Bitcoin ETFs Resume Winning Streak; BlackRock’s IBIT exceeds $20 billion in assets under management (CoinDesk)
• Donald Trump claims profits from ‘crazy new currencies’ – here’s a look at the cryptos he owns (Benzinga)
• Deutsche Bank partners with Bitpanda in ‘cautious’ crypto shift (Reuters)

🔥 TRENDY

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