Your Favorite Crypto Digest From TradeCrypto.com

Market is green. BTC is now trading around $30 400, ETH is trading above $1 800.

💪 Bitcoin dominance: 47.26%

📉 Total Cryptocurrency Market Cap: $1,261 tr

😲 Fear and greed index: 17 (Extreme Fear)

🚀 Gainers(Top-100)

Chainlink (LINK) +11.27%

Decred (DCR) +9.28%

Cardano (ADA) +9.25%

😭 Losers(Top-100)

Tezos (XTZ) -7.08%

Convex Finance (CVX) -2.91%

Internet Compute (ICP) -2.40%

PayPal 📢 announced on Tuesday that crypto users can now move 💰 funds off its platform, a long-awaited feature that will make the company's offering more like other popular cryptocurrency services.

"Starting today, PayPal supports the native transfer of cryptocurrencies between PayPal and other wallets and exchanges," the financial giant said in a statement.

⚽ The English Premier League (EPL) has filed two cryptocurrency and NFT trademarks in the U.S., a sign the world’s 💪 most-watched sports league is gearing up to expand its brand into the digital scene.

The trademarks were filed with the United States Patent and Trademark Office (USPTO) last week and brought to light in a tweet by licensed trademark attorney Michael Kondoudis on June 6.

Epic Games CEO and Co-Founder Tim Sweeney called out “cryptocurrency marketplaces” today for allegedly “enabling” unofficial and unauthorized cryptocurrencies bearing the “Fortnite” name.

“There isn’t a Fortnite cryptocurrency,” Sweeney wrote. “The Twitter accounts promoting such a thing are a scam. Epic’s lawyers are on it. Also, shame on the cryptocurrency marketplaces that enable this kind of thing.”

Crypto IRA Company Sues Gemini Over $36M Theft of Bitcoin, Ethereum

IRA Financial Trust, a company which manages individual retirement accounts in non-traditional assets such as Bitcoin, today 📢 announced a lawsuit against cryptocurrency 💱 exchange Gemini.

IRA Financial was hacked for $36 million-worth of crypto back in February. Criminals stole $21 million in Bitcoin and $15 million in Ethereum from retirement accounts in the hack.

U.S. electronic trading giant Citadel Securities is building a “cryptocurrency trading ecosystem” with the help of ⚡ high-frequency trading and market-making firm Virtu Financial, as well as venture capital firms Sequoia Capital and Paradigm, according to a source familiar with the plans. Citadel Securities is the sister company to hedge fund giant Citadel.

“This marketplace is intended to create more efficient access to deep pools of liquidity for digital assets. So a group of industry leaders are working closely together to facilitate the safe, clean, compliant and secure trading of digital assets,” the source told Coindesk.

🤔The Tesla boss Elon Musk’s USD 44 billion bid to buy Twitter may have hit the rocks, with some legal experts claiming that the billionaire may be using the “preponderance” of bots on the social media platform “as an excuse to abandon or renegotiate” his deal.

Musk’s lawyers ✍️ wrote that Twitter’s refusal to comply was “tantamount to refusing” Musk’s “data requests,” and represented a “material breach” of the deal agreement. This, they argued, gives Musk the right to walk away from 🤝 the deal.

BNB Stretches Losses as Binance Fights New Regulatory and Media Battles

Binance coin (BNB), the native token of the world's largest crypto 💱 exchange , has extended 📉 losses as new regulatory scrutiny and media investigation have once again put the exchange in the spotlight - albeit not in a positive manner.

At 7:10 UTC on Tuesday morning, BNB is changing hands at USD 282.7, down by 9.1% over the past 24 hours. The coin is 📉 down by 12.2% over the past week and by nearly 60% from its all-time high of USD 686 recorded in May 2021, according to CoinGecko.

Conclusion: The positive trend in the involvement of large companies in the crypto-industry continues. This gives us faith in the crypto future in difficult times.

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