A Surinamese presidential candidate is championing Bitcoin adoption to combat economic instability and promote financial inclusion in the struggling nation. source: https://coinpaprika.com/news/suriname-s-presidential-hopeful-proposes-bitcoin

Coinspeaker MakerDAO Treasury Manager Monetalis Survives Ouster Vote Monetalis Group, overseeing $1.5 billion in US Treasuries for MakerDAO, narrowly avoided an ouster vote with 59% of votes against removal despite missed deadlines and subpar returns. MakerDAO Treasury Manager Monetalis Survives Ouster Vote source: https://www.coinspeaker.com/makerdao-treasury-manager-monetalis-ouster-vote/

While some altcoin-related products saw inflows, the top two cryptocurrencies could not match up. source: https://ambcrypto.com/bitcoin-ethereum-lead-the-way-as-crypto-outflows-surpass-500m/

US spot Bitcoin exchange-traded funds (ETFs) are on track to notch their longest-selling stretch after recording an outflow of $174 million on Monday, the seventh in a row, according to data from SoSoValue.On Monday, Grayscales GBTC recorded $90 million in withdrawals, while Fidelitys FBTC experienced $35 million in outflows.Franklin Templeton's EZBC saw its first net outflow since May 2, with... source: https://cryptobriefing.com/bitcoin-etf-outflow-streak/

Liquidity staking service provider Kelp launches L2 Bonanza program, offering mining opportunities worth about $1.5 million to create more utility for its liquidity staking token rsETH. With more than $1 billion TVL and more than 44,000 stakers, Kelp has extended its business to 9 Ethereum Layer2 networks (Arbitrum, Optimism, Metis, Blast, ZKsync, Scroll, etc.) and has more than 50 DeFi partners, offering generous rewards.

Is it over for SHIB? Epic one trillion Shiba Inu transfer hits Binance amid chaos on crypto market source: https://u.today/1-trillion-shiba-inu-shib-transfer-stuns-worlds-largest-exchange

According to the monitoring of on-chain analyst @ai_9684xtpa, three addresses have transferred out PEPE worth 13.47 million US dollars from the exchange. Among them, address 0x06b and address 0x855 are the first to build PEPE positions, and address 0x837 is suspected to plan to sell 700 billion tokens, and then transfer back 600 billion PEPE. According to Scopechat data, the net purchase amount of PEPE on the chain has reached 2.02 million US dollars in the past 24 hours, which is 2.88 times the average purchase amount last week.

Is Coinbase using its method to adjust crypto impairment costs in its financial reports? The cryptocurrency exchange is facing scrutiny for how it accounts for crypto assets. Recently, Coinbase changed its accounting practices ahead of schedule, shifting how it reports the value of these assets. This pre-scheduled strategy has put Coinbase in trouble, let’s see … source: https://coinpedia.org/news/coinbases-crypto-asset-accounting-practices-could-lead-the-firm-in-trouble-heres-why/

Promontory Technologies announced the launch of its Promontory Alpha Fund. It is understood that this is a quantitative, systematic, multi-strategy approach to trading liquid, listed digital (crypto) assets. The fund aims to maintain market neutrality and avoid sharp declines, providing British Virgin Islands investment tools for non-US investors and Delaware LPs for US investors. Promontory CEO Jackson Fu is the co-founder of Shanghai quantitative hedge fund management company Qilin Investment. Since its establishment in 2016, Qilin has managed an asset management scale of US$5-7 billion and has performed well after risk adjustment. (Decrypt)