Best crypto memes of the day – June 2nd

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• Azuki enthusiasts vs. founder – will $39M worth of ETH be recovered?

  TL;DR Breakdown A newly formed decentralized autonomous organization (DAO) comprised of Azuki enthusiasts has put forth a proposal to reclaim 20,000 Ether from Zagabond, the founder of the renowned NFT brand Azuki.  The recovered funds would then be allocated back to the DAO to support the growth of the broader platforms community. Some holders claim to have no prior knowledge of AzukiDAO and suspect it may be either fake or driven by malicious intentions. Description A newly formed decentralized autonomous organization (DAO) comprised of Azuki enthusiasts has put forth a proposal to reclaim 20,000 Ether from Zagabond, the founder of the renowned NFT brand Azuki. The proposal, initiated on July 2, aims to hire a lawyer and take legal action against Zagabond, also known as Alex Xu, for allegedly engaging … Read more A newly formed decentralized autonomous organization (DAO) comprised of Azuki enthusiasts has put forth a proposal to reclaim 20,000 Ether from Zagabond, the founder of the renowned NFT brand Azuki. The proposal, initiated on July 2, aims to hire a lawyer and take legal action against Zagabond,…

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• Hooked Protocol price analysis: HOOK/USD bullish momentum maintains above $1.42 with target for bulls

  TL;DR Breakdown Hooked Protocol price analysis is bullish today The strongest resistance is present at $1.43 HOOK price trades at $1.42 at the time of writing Hooked Protocol’s price analysis shows rising signs as the market shows massive upside potential. The price has increased, reaching above the $1.42 level, and could soon break out of the key resistance levels to surge even higher if the bullish momentum continues. The bulls have regained their control of the HOOK market, which will change the course of the market for the better, and now expect the bullish period to take over in the next few days. The bullish momentum is strong, with a 24-hour volume of $9.4 million, an increase of 0.03% over the past 24 hours, and could continue increasing as investors look to capitalize on potential price breakouts. The market capitalization is currently at $70 million, with an increase of 1.46% in the past 24 hours, as per Hooked Protocol data. Hooked Protocol price analysis 1-day chart: Bulls succeed in raising the price to $1.42 Looking at the daily chart, we…

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• Major U.S. banks lose $262 billion in deposits; Heartland Tri-State Bank collapses

  TL;DR Breakdown Major U.S. banks lost $262 billion in deposits in a year; regional banks gained customers. Heartland Tri-State Bank collapsed on July 28th; assets transferred to Dream First Bank, N.A. Despite deposit loss, major banks like JPMorgan still report substantial profits. Description The U.S. banking industry is experiencing a significant transformation as major banks lose customer deposits while smaller regional banks gain traction. The Federal Deposit Insurance Corporation (FDIC) recently announced the failure of Heartland Tri-State Bank of Elkhart, Kansas, on July 28, with all customer deposits transferred to Dream First Bank, National Association (N.A.), also based … Read more The U.S. banking industry is experiencing a significant transformation as major banks lose customer deposits while smaller regional banks gain traction. The Federal Deposit Insurance Corporation (FDIC) recently announced the failure of Heartland Tri-State Bank of Elkhart, Kansas, on July 28, with all customer deposits transferred to Dream First Bank, National Association (N.A.), also based in Kansas. Major banks witness sharp decline in deposits The four largest banks in the U.S., namely JPMorgan Chase, Bank of America, Citigroup, and…

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• CFTC’s crypto crackdown in Florida, Louisiana, Arkansas

  TL;DR Breakdown The CFTC has initiated legal proceedings against individuals linked to Fundsz for deceptive cryptocurrency and precious metals trading. Fundsz’s associates, based in Florida, Louisiana, and Arkansas, promised implausible returns and associated their venture with charitable initiatives. Over 14,000 individuals were misled with false promises of weekly returns. Description In a notable development, the landscape of the cryptocurrency world has been jolted yet again. The Commodity Futures Trading Commission (CFTC) is displaying zero tolerance, focusing its regulatory radar on individuals linked to an operation identified as Fundsz, a company embroiled in questionable investment solicitations. The heart of the matter lies in their unconvincing assertions … Read more In a notable development, the landscape of the cryptocurrency world has been jolted yet again. The Commodity Futures Trading Commission (CFTC) is displaying zero tolerance, focusing its regulatory radar on individuals linked to an operation identified as Fundsz, a company embroiled in questionable investment solicitations. The heart of the matter lies in their unconvincing assertions and dubious dealings in cryptocurrency and precious metals. Alluring Promises with Hollow Foundations The players in this…

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• Tether’s CTO addresses speculations surrounding Bitcoin mining operations

  TL;DR Breakdown Paolo Ardoino shares an image of Tether’s Bitcoin mining site, confirming its location in South America but withholding specific details for security reasons. Tether is developing a mining software named Moria to provide comprehensive data analytics on energy production at Bitcoin mining sites Description In the ever-evolving world of cryptocurrency, Tether, a prominent stablecoin issuer, has recently been at the center of attention. The company’s Chief Technology Officer, Paolo Ardoino, has been in the spotlight, addressing rumors and speculations about the company’s Bitcoin mining operations. Amidst the swirling rumors, Ardoino took to X (formerly known as Twitter) to shed … Read more In the ever-evolving world of cryptocurrency, Tether, a prominent stablecoin issuer, has recently been at the center of attention. The company’s Chief Technology Officer, Paolo Ardoino, has been in the spotlight, addressing rumors and speculations about the company’s Bitcoin mining operations. Amidst the swirling rumors, Ardoino took to X (formerly known as Twitter) to shed light on the matter, sparking even more curiosity and debate among crypto enthusiasts and skeptics alike. Contents hide 1 Mysterious photos…

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