Galaxy Digital CEO Mike Novogratz predicts that cryptocurrencies in the United States will receive favorable regulation no matter who wins the 2024 presidential election. Novogratz said that cryptocurrency should be a bipartisan issue. We can't have one party supporting it and the other opposing it. Despite opposition from some lawmakers, especially Senator Elizabeth Warren, most American politicians tend to support innovation in the crypto industry.

He noted that despite the lack of regulatory clarity, there is a clear shift toward a more favorable stance, with most Democrats, with the exception of a few, supporting innovation and cryptocurrencies. Positive cryptocurrency legislation is inevitable no matter who wins the next election. In addition, Novogratz said that Bitcoin will trade between $55,000 and $73,000 before more market-moving news emerges. He added that growth "takes time" and emphasized that Bitcoin has impressively climbed to all-time highs this year.

Web3 entertainment and gaming platform Redacted recently announced the completion of a $10 million financing round led by Spartan Group, with participation from Saison Capital, Animoca Brands and Polygon Ventures. Redacted aims to create an "entertainment data circle" through blockchain and AI technology to provide users with a variety of experiences such as games, transactions, viewing and rewards.

Worldcoin announced a partnership with Web3 development platform Alchemy to provide infrastructure for World Chain. Alchemy will also work to integrate World ID into its toolset and promote it as an important part of Web3 infrastructure, providing seamless World ID access to millions of developers around the world.

By working with Alchemy, developers developing these important everyday applications on World Chain will have immediate access to a complete and comprehensive Web3 development platform, including core and data APIs, indexing solutions, and a set of other tools that developers need to build applications. These tools also include important account abstraction infrastructure, which improves the security of self-custodial wallets.

Bloomberg ETF analyst James Seyffart said on social media, “Based on the documents submitted by Bitwise this time, it is unclear when these products (Ethereum spot ETFs) will be launched. No additional updates may be required, or adjustments may be required. But they need to be ultimately approved by the SEC. The launch time depends mainly on the SEC’s decision. Bloomberg ETF analyst Eric Balchunas and I believe they should be launched before July 4th.”

Circle Internet Financial Ltd.’s dollar-denominated stablecoin, USDC, could be the biggest beneficiary of new European digital asset management guidelines that will take effect in July, according to cryptocurrency analytics firm Kaiko Research.

Kaiko analyst Anastasia Melachrinos said on a conference call Tuesday that USDC is expected to take market share from larger rival Tether Holdings Ltd.’s USDT. Stablecoins are primarily used by traders to transfer digital assets between exchanges or as a means of storing wealth away from token price fluctuations.

Cloud computing provider CoreWeave has offered to acquire Bitcoin miner Core Scientific for $5.75 per share, for a total of about null billion, Bloomberg reported, citing people familiar with the matter.

CoreWeave's offer is 55% higher than Core Scientific's volume-weighted average price for the three months ended May 31. CoreWeave raised $8.6 billion last month, including a null.1 billion preferred stock deal that valued the startup at $19.1 billion.

The company also raised another $7.5 billion in debt financing, with investors including Coatue Management, Altimeter Capital and Fidelity Management & Research Co.