Tag: Front page

Tesla’s Historic Loss: Tesla shares dropped 14% on June 5, 2025, erasing $150 billion in market value, the largest single-day decline in the company’s history. Trump’s Threat: President Trump threatened to terminate government subsidies and contracts for Musk’s companies, including Tesla and SpaceX, over a dispute on a tax bill. Market Ripple Effects: The Nasdaq 100 fell nearly 1%, and the S&P 500 declined as investors reacted...

New Regulations: AUSTRAC imposes $5,000 transaction limits, enhanced customer due diligence, and mandatory scam warnings on crypto ATMs. Harro’s Empires Sanctioned: The small South Australian crypto ATM operator had its registration revoked for non-compliance. Scam Statistics: Australians lost $3 million to crypto ATM scams in the past year, with 72% of victims aged over 50. Common Scams: Romance, investment, and extortion scams...

Total Unlocks: $3.3 billion in crypto tokens will be unlocked in June 2025, a 32% decrease from May’s $4.9 billion. Major Projects: Significant releases include Sui ($160 million) on June 1 and Metars Genesis ($193 million) on June 21. Unlock Mechanisms: $1.4 billion will be released through cliff unlocks, while $1.9 billion will follow a linear release schedule. Market Impact: The influx of tokens may lead to...