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Daily News Headlines | Latest Crypto News (4th June) | Cryptoknowmics

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Here are the top 5 crypto news for the day! 

Let’s dive into the news headlines one by one and see how they’ll be affecting the crypto space as we 
know it, in the coming days. 

NFT Sales See Nearly 90% Dip as Buyers Demands Shift 

NFT sales have fallen by 90% from their May 3 peak as buyers switch their preferences in the type of collectibles they purchase. Last week NFTs made a mere $19.4 million in sales, a massive drop compared to $170 million sales recorded earlier in May. The number of wallets engaged in the daily trading of NFTs has also decreased by 70%. 

Amundi CIO Calls Bitcoin A ‘Farce’ 

Amundi CIO Pascal Blanque stated on Thursday that cryptocurrencies like Bitcoin are a ‘farce’ and a symptom of financial market bubbles. According to Blanque, before diversifying into cryptocurrencies, investors should increase their exposure to the Chinese currency, yuan. 

Binance CEO says BNB has the Potential to Surpass Apple and Amazon 

Binance Coin (BNB) has the potential to surpass top tech giants like Amazon and Apple. The asset has seen a phenomenal increase in value and speculation that it would continue in the same direction, resulting in a sky-high market cap that might exceed. 

Grayscale Deposits Half a Billion in Bitcoin and Other Crypto in a Single Day 

Major cryptocurrency hedge fund Grayscale has deposited half a Billion in Bitcoin and other cryptocurrency holdings in a single day. Grayscale Investments, a significant buyer of Bitcoin and altcoins, had said on June 2 that it has $34.7 billion in crypto under management as of that date.  

Polygon (MATIC) Enters Bitwise 10 Large Cap Crypto Index 

Polygon’s native cryptocurrency MATIC now occupies a place in the institutional-grade Bitwise 10 Large Cap Crypto Index (BITX). The Bitwise 10 Crypto Index Fund (BITX) has over $817 million in assets under management with a massive 369% returns over the last year. On a year-to-date basis, the Index has surged by nearly 65%.