Hakan Ateşler 
The draft law on the regulation of cryptocurrencies, which was accepted and approved by the Plan and Budget Commission in the past days, is still on the agenda, while the Minister of Treasury and Finance, Mehmet Simsek, came with flash words. Simsek said that cryptocurrencies should be taxed as in the whole world.
DWF Labs, a cryptocurrency investment firm, will purchase $12 million in tokens to support new products of the FLOKI ecosystem.
While cryptocurrency investors are still not entirely sure whether the bull season has come despite rising prices in 2024, an important comparison on the subject came from CryptoQuant CEO Ki Young Ju. Ju stated that the current movements are largely similar to 2020, that is, the period before the big rises at that time.
Keith Gill, known as Roaring Kitty on X and YouTube, made close to $80 million in profits on GME shares alone in one day, prompting the ETrade platform on which he trades to take action. The firm, which is owned by Morgan Stanley bank, is considering taking Gill off the platform “for manipulation”.
Michael Saylor and MicroStrategy, the Bitcoin company he founded, have reached a settlement in the “tax evasion” case brought against them in 2022. Saylor and MicroStrategy will pay a $40 million fine.
Digital asset and cryptocurrency funds closed last week in positive territory. Overall, the funds received a net investment of $185 million and finished the week positive for the 4th consecutive week. While there were investments in many altcoin funds such as Bitcoin and Ether, there were also outflows from “short-Bitcoin” funds.
Mina, one of the cryptocurrency projects that uses Zero-Knowledge Proof, in other words, zero-knowledge proof technology, will launch an update tomorrow, which it describes as a “game-changer”. With this update, Mina will enable the verification of information from different blockchains and systems through a “universal proof layer”.
Bitcoin, which fell to $66,000 last week, rose above $69,000 again as of this morning, while the purchases of Ether and PEPE by the two whales did not go unnoticed.
Keith Gill, nicknamed “Roaring Kitty”, who returned to X after 3 years in May and caused a serious upward movement in meme coins with his tweet, returned to Reddit after 3 years. Gill’s post sent the GME share price and some meme coins sharply higher again in pre-market trading.
A significant number of tokens will be included in circulation in June in unlockings, one of the most important factors for cryptocurrency investors. Total token openings will reach $750 million.