The Kingdom of Bhutan has transferred 533.2 BTC to Binance, equivalent to $34.52 million.
June 17 — According to on-chain analytics firm Chainalysis, a government-linked wallet address from the Kingdom of Bhutan transferred 533.2 Bitcoin (BTC) to crypto exchange Binance 15 minutes ago, with the transaction valued at approximately $34.52 million.
Since June of last year, this same government-associated address has sold a total of around 10,451 BTC over the past 12 months, cashing out roughly $979 million in aggregate proceeds, with an average selling price of about $93,738 per BTC.
As of now, the Bhutanese government’s related BTC address still holds roughly 1,750 Bitcoin, worth an estimated $113 million at current market rates.
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Aster Launches New User Reward Campaign, Total Prize Pool of $100,000
Aster Announces New User Reward Campaign with $100,000 Prize Pool
June 17 – Aster has unveiled a new user reward campaign featuring a total $100,000 BonusUSD prize pool. New users who deposit and trade any amount in the platform’s perpetual contract market will qualify to split the pool, with no minimum trading volume or complex tasks required.
The event runs from 10:00 UTC on June 17 through 14:00 UTC on June 24, and is open exclusively to new users. To ensure fairness, the platform will filter out market making and wash trading activities during the campaign.
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Serenity Shoutout LPK: Glass Substrate Could Be the Next Wave of Packaging Technology
June 17, Serenity noted in a post that if its assessment holds true, LPK previously claimed that "80% of the world’s major customers have selected LPKF equipment." The firm believes glass substrates are clearly emerging as the next direction in packaging technology transformation.
Serenity pointed out that per their projected timeline, key industry players like Absolics are set to ramp up production in H2 2026, while Samsung Electric and its partners are expected to advance with related developments in 2027. This will pave the way for major tech shifts such as TSMC’s CoPoS, likely around 2028—though it remains unconfirmed whether LPK has upstream involvement in this space.
Serenity added that the standalone claim of "80% of customers choosing LPKF equipment" is already noteworthy. It anticipates that once relevant production capacity hits full volume, the market may eventually price in this advantage. The entity disclosed it currently holds LPK shares. The stock’s upward momentum
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Following the news that Aster will increase its buyback and burn ratio to 198%, the ASTER token surged over 9% in a short period.
June 17: Per HTX market data, ASTER rallied over 9% in the short term after news that Aster will hike its buyback-and-burn ratio to 198%, now trading at $0.73.
Earlier reports stated that Aster unveiled an ASTER tokenomics update, boosting the buyback-and-burn ratio to 198%. Effective at 12:00 UTC today, 99% of Aster’s daily platform fees will go toward repurchasing ASTER, while an equivalent amount of tokens will be burned from reserves—resulting in a 1:1 match for the buyback volume.
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Benchmark Reiterates Coinbase as 'Buy' with $270 Price Target, Says It Is Successfully Outpacing Cyclical Crypto Broker Positioning
June 17: Benchmark has reaffirmed its Buy rating on Coinbase (COIN) following the firm’s Tuesday system update, keeping a $270 price target. At Tuesday’s close, Coinbase shares traded at $169.27, meaning Benchmark’s target implies roughly 59.5% upside.
The update turbocharged Coinbase’s “everything exchange” strategy, rolling out tokenized U.S. stocks, stock and crypto options, pre-IPO perpetual futures, prediction markets, AI investment tools, custody and payment infrastructure, consumer financial products, and more. Benchmark analyst Mark Palmer noted: “Yesterday’s update is the clearest sign yet that Coinbase is fast evolving from a cyclical crypto broker to an infrastructure platform bridging the gap between the fast-growing on-chain economy and the traditional financial system.”
The Tuesday release also carries major regulatory weight, Benchmark highlighted. Last month, the U.S. Commodity Futures Trading Commission (CFTC) greenlit Coinbase as a regulated futures commission merch
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Aster announces an increase in the ASTER Buyback and Burn Ratio to 198%
June 17, Aster announced an updated ASTER tokenomics overhaul, boosting its buyback and burn ratio to 198%. Starting today at 12:00 UTC, 99% of Aster’s daily platform fees will fund ASTER buybacks, with an equivalent amount burned from reserves—creating a direct 1:1 buyback-burn pairing.
Repurchased ASTER will flow to stakers: each epoch’s buyback sum is added to Loyalty Rewards, which include a base 300,000 ASTER plus the buyback volume, distributed proportionally based on veASTER staking weight. Burns will primarily come from the team’s token allocation. ASTER’s initial total supply is 8 billion tokens; burns will run until supply hits 3 billion.
Daily buybacks auto-execute via TWAP, settle on-chain, and are fully publicly verifiable. Additionally, every permissionless-listed project on Aster Spot must pay a $50,000 USDT fee, which goes toward extra ASTER buybacks and supplemental staking rewards.
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