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Altcoins Overtaking Bitcoin’s Dominance in Trading Volume?
Coin Metrics Senior Research Analyst Nate Maddrey says ether and other altcoins have taken bitcoin’s dominance in terms of the trading volume, across institutional and retail, in the last few months. Plus, his analysis on bitcoin liquidations and short-term outlook for bitcoin.

Bitcoin-Focused Investment Funds Suffered Record Redemptions Last Week
Investors redeemed over $140 million NET from bitcoin funds during the seven days through June 4, the highest weekly total on record, according to CoinShares. Is the worst over yet? “All About Bitcoin” host Christine Lee brings us a close look at today’s Chart of the day.

Former Obama Cybersecurity Specialist: Banning Bitcoin to Combat Ransomware Is 'Foolish'
Michael Daniel, the former Special Assistant to President Obama and current Cyber Threat Alliance CEO, discusses bitcoin and cybersecurity concerns in light of burgeoning ransomware attacks on food and oil companies. The former NSC Staff cybersecurity coordinator says banning bitcoin to combat ransomware is "foolish."

Amazon Looks to Hire Blockchain Staffers With DeFi Experience
Amazon is searching for staff with experience in decentralized finance (DeFi), as outlined by a new job posting for Blockchain Head of Product. Is Amazon beginning to consider itself as a mainstream gateway to DeFi protocols? “The Hash” team weighs in on what’s in the cards for the tech giant.

El Salvador Commerce Secretary: Bitcoin Won’t Replace Dollar
El Salvador seeks to be the first country to adopt bitcoin as legal tender. Responding to Salvadorans fearful of a full pivot to a bitcoin standard, El Salvador’s Secretary of Commerce and Investments, Miguel Kattán, announced bitcoin would not replace the U.S. dollar.

Report: Top White House Tech Critic Tim Wu Owns Over $1M in Bitcoin
A Politico report revealed Tim Wu, Tech Advisor to the White House, is actually a secret crypto whale with over $1 million in bitcoin. “The Hash” panel reacts.

World Economic Forum Hopes to Explain DeFi for Regulators With White Paper
The World Economic Forum has released a white paper meant to act as a toolkit for regulators looking to understand the decentralized finance (DeFi) sector. “The Hash” team explores the evolution of DeFi and the need for regulatory applications.

Colonial Pipeline CEO Testifies in Front of Senate Homeland Security Committee on Ransomware Hack
Joseph Blount, the CEO of Colonial Pipeline, is testifying before Congress Tuesday over his company’s decision to pay an estimated $5 million in bitcoin to the ransomware hackers.

Anchorage Digital to Offer Ethereum-backed Loans Through FDIC-Insured BankProv
Digital asset platform Anchorage Digital is expanding its lending service with ethereum-backed loans through BankProv, a traditional Massachusetts-based bank formally known as Provident Bank. This is the first time the crypto custody bank has extended ETH-backed loans through a traditional FDIC-insured bank. Diogo Mónica of Anchorage Digital explains how this works.

India Crypto Feud Continues; Korea Mining Thief Busted
India’s crypto industry takes matters into its own hands. Canaan offers service in Kazakhstan as miners flee China, and a crypto thief in Seoul is busted. More on that story and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”
