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MicroStrategy and its founder, the father of Bitcoin, Michael Saylor, will pay $40 million in taxes in the US. The Attorney General of the District of Columbia reached a $40 million settlement with Saylor and MicroStrategy. It is the largest tax fraud settlement in Washington's history, confirmed by The New York Times.
๐บ๐ธ What do the US elections mean for the crypto market? Cryptocurrencies are gaining popularity among voters. A Grayscale survey showed that 41% of Americans are following the crypto industry, and 47% plan to invest in cryptocurrencies. This is an increase compared to last year.
๐ฑ In May, 455,000 new tokens were launched on Solana โ a record monthly volume for any blockchain. Most of them are meme coins, and many are scams.
BlackRock and Fidelity ETFs lead in Bitcoin accumulation, holding over $2.6 billion in BTC assets. BlackRock holds 33,430.56 BTC worth about $1.34 billion. The Fidelity Wise Origin ETF holds 30,169.54 BTC, equivalent to $1.26 billion. These figures highlight significant investments in Bitcoin.