U.Today – U.Today has prepared the three most important news of the last day.
Edward Snowden Delivers Iconic Line as Berkshire Hathaway (NYSE 🙂 Drops 99.97%
On Monday, June 3, the New York Stock Exchange was rocked by a technical issue that caused Warren Buffet's Berkshire Hathaway Class A shares to appear to have fallen nearly 100%. The malfunction caused trading halts for those stocks, as well as Barrick Gold (NYSE 🙂 and Nuscale Power. Although the issue was quickly fixed and all three stocks resumed trading on the same day, the incident did not go unnoticed by the community cryptographic, and many digital asset enthusiasts took to social media to remind Warren Buffett of his criticisms of Bitcoin. In particular, the businessman called BTC a “gambling asset” with zero value, however, as many members noted. of the crypto community, the leading cryptocurrency has never seen such a dramatic drop, unlike Berkshire Hathaway shares Joining the army of commentators was Edward Snowden, the infamous whistleblower and privacy rights advocate. In his post X, Snowden uttered the iconic Bitcoin line “Bitcoin fixes this,” potentially implying that he sees the asset as a solution to several technical vulnerabilities.
Australian Spot Bitcoin ETF Launches – Here's Why It Stands Out
January 3 CEO and renowned Bitcoin enthusiast Samson Mow took to X to share that Monochrome Asset Management's Spot Bitcoin ETF (IBTC) has launched on Australia's Cboe exchange. As Mow noted, this is the first and only Australian ETF to hold Bitcoin directly. According to U.Today's previous report, the new spot Bitcoin ETF in Australia is expected to generate inflows of around $1 billion. In a short thread, Samson Mow highlighted the unique features of IBTC: First, the Monochrome spot Bitcoin ETF offers global investors direct in-kind creation or redemption, allowing them to directly exchange their BTC for IBTC and vice versa, at a global level. world. Secondly, Monochrome secured partnerships with loan providers in Australia to make it possible for sophisticated investors to borrow money against their ETF holdings, using IBTC as collateral. In Mow's opinion, borrowing through IBTC could have a better loan-to-value ratio (LVR) and lower interest rates than traditional pure coin loans.
SHIB Soars 10,990% on This Key Metric After SHIB Team's Recent Warning
Data provided by the Shibburn website shows that since the morning of June 3, 21,435,658 SHIB tokens were transferred to dead-end wallets, and only two transactions were made, leaving 21,315,658 and 120,000 SHIB tokens out of circulation. . Burning such a staggering amount of meme coins increased the burn rate by 10,990%, representing a more than 30-fold increase over the 348% SHIB burn rate increase observed on Monday and reported by Shibburn. Meanwhile, the SHIB Discord admin known as DaVinci recently addressed the SHIB community with an important alert. He urged SHIB enthusiasts not to blindly invest in new projects on the ShibaSwap DEX, even if they claim to be associated with or backed by the SHIB development team. DaVinci also warned that many bad actors are making fraudulent offers to invest in the TREAT token, which has not yet been launched.
This article was originally published on U.Today.
