5 Things to Know in Crypto This Week 💡

Bitcoin Price Falls Further as Crypto Liquidations Top $330 Million 🩸

• Earlier today Bitcoin price fell below $60,000 for the first time since May

• Markets were spooked after announcement that Mt. Gox creditors will start receiving Bitcoin payments starting in July.

• Over $1.2 billion worth of assets flowed out of US Bitcoin ETFs in the past two weeks, and $335 million worth of crypto positions have been liquidated in the past 24 hours.

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Blast Launches Foundation Ahead of Airdrop 🪂

• Ethereum's Blast L2 is launching the Blast Foundation ahead of its June 26th airdrop.

• The role of the Blast Foundation in the ecosystem is not yet clear, but it is expected to receive a significant BLAST allocation for grants programs and token incentive initiatives.

• Half of the airdrop is expected to be allocated to developers through Blast Gold, while the other half will go to early users through Blast Points.

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Mark Cuban sells Pudgy Penguin for $30,000 along with several other NFTs 💸

• Mark Cuban has sold over a dozen NFTs, including a Pudgy Penguin, for more than $30,000.

• Cuban's OpenSea wallet still holds around 1,600 NFTs, and his associated wallet is also attempting to sell a Dallas Mavericks-themed Proof of Culture NFT for nearly $50,000.

• Mark Cuban has been an advocate for NFTs, crypto, and blockchain technology, but previously criticized OpenSea's decision to make royalty payments optional.

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President of Jump Crypto Steps Down 💸

• Kanav Kariya, the president of Jump Crypto, has stepped down amid reports of a CFTC investigation.

• Jump Crypto faced troubles in February 2022 when hackers exploited the Wormhole bridge, resulting in a $321 million loss.

• Concerns about Jump Crypto's exposure to FTX were raised, but the company reassured investors it was well-capitalized and not shutting down.

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This Week on Crypto Twitter: A Donald Trump Crypto Controversy, Starring Martin Shkreli 💊

• BASE, the Coinbase-incubated Ethereum Layer 2 network, has become the second-largest L2 network after Arbitrum in terms of activity.

• Blockchain intelligence firm Arkham offered a $150,000 reward to anyone who could prove DJT's true creator - the bounty was won by Crypto sleuth ZachXBT who provided evidence the coin was actually created by Martin Shkreli (the formerly incarcerated ‘pharma bro’).

• Recordings surfaced of Shkreli claiming that he created the coin with Donald Trump's son, Barron, but these claims were later shot down by Roger Stone.

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