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3/ • New onboarding flow ・Accounts can now be archived and unarchived ・Data tracking message on mobile wallet ・Added Check for updates button ・Bug fixes

2/ ✨ What's New ・Users will now receive notifications for ERC20 token balance updates (SLP, AXS, RON, USDC) ・New browsing experience for ERC721 tokens (Axies, Land, Land Items) ・New verify seed phrase flow

The ProShares Short Bitcoin Strategy ETF also saw $15.3 million in inflows amid the ongoing crypto bear market.

Shark Tank’s Kevin O’Leary believes that good regulation will see trillions of dollars flow into the cryptocurrency industry overnight.    What Happened: In a recent episode of the Bankless podcast, O’Leary said he thinks cryptocurrency will become the 12th sector of the economy within 10 years because of the liquidity and productivity it adds to financial services. “It’s so much better than what we’re doing right now which is so expensive and so slow. If I want to transfer capital over to Zurich to buy Nestle and Swiss francs, it takes me days and it costs me a fortune and it's incredibly inefficient,” said O’Leary. “I could do it in two seconds with a stablecoin, and, yet, I can’t because we don’t have a policy on both sides of the ocean that lets me do that.” The Shark Tank investor thinks that the days of unregulated cryptocurrency markets are numbered. He believes that once regulations come into play, sovereign wealth funds and pension funds would allocate as much as 50 to 100 basis points to cryptocurrency. "And that's a huge amount of demand that would come into the market. And as bitcoin prices went past that 1% allocation, let's say, they'd sell it back down to 1%, but just importantly, if it dropped below 1%, they'd buy it back up. So there'd be an internal bid forever,” he said. “The volatility would drop dramatically. There'd be price appreciation in Bitcoin. It would be good for everybody involved in crypto, but we can't do it without policy." “It's the trillion dollars that'll come into this market overnight when it's regulated," he added. O’Leary owns 32 different cryptocurrencies, including Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH) and Polygon (CRYPTO: MATIC). See Also: HOW TO TRADE CRYPTOCURRENCY Price Action: According to data from Benzinga Pro, Bitcoin was trading at $20,700, up 3.37% in the last 24 hours. Photo: By The Walt Disney Television on Flickr © 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Ethereum (CRYPTO: ETH) creator Vitalik Buterin joined a host of critics in mocking the Bitcoin (CRYPTO: BTC) Stock-to-Flow (S2F) model. What Happened: In a tweet on Monday, Buterin criticized S2F for being one of the financial models that give people a false sense of certainty the price will go up. Remember who supported S2F and who mocked it even back when it looked like it was accurately describing the trendline. — vitalik.eth (@VitalikButerin) June 21, 2022 S2F is a widely popular quantitative price prediction model put forward by pseudonymous institutional investor Plan B. According to the model’s hypothesis, the price of Bitcoin would continue on an upward trajectory delivering investors approximately tenfold returns every four years. The model also predicted the price of Bitcoin would hit $100,000 by the end of 2021 and would be well on its way to the $1 million mark by the year 2026. Last week, Bitcoin hit a two-year low of $17,708 and a majority of market participants slammed Plan B’s model for “selling hopium” to the masses of retail investors. See Also: IS BITCOIN DEAD? Plan B himself responded to Buterin’s criticism by saying that crypto industry newbies and “leaders” were looking to find a scapegoat after a major crash. After a crash some people are looking for scapegoats for their failed projects or wrong investment decisions. Not only newbies but als "leaders" fall victim to blaming others and playing the victim. Remember those who blame others and those who stand strong after a crash. https://t.co/4nJdHq84pm — PlanB (@100trillionUSD) June 21, 2022   BTC Price Action: According to data from Benzinga Pro, Bitcoin was trading at $20,795.74 at press time, gaining 2.07% over the last 24 hours. Photo: Philip McMaster, www.RepublicOfConscience.com via Flickr Creative Commons © 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

The Ethereum co-founder took aim at the 'harmful' price model, which predicts that Bitcoin will go as high as $288,000.