Meta shareholders reject Bitcoin treasury bid in landslide voteWith fewer than 0.1% of votes cast in favor, the initiative to use part of the $72 billion Meta holds in cash fell short of passage.
Happy Saturday!Meta shareholders overwhelmingly rejected a proposal to add Bitcoin to the company’s $72 billion cash reserves, with less than 0.1% voting in favor and nearly 5 billion shares opposed, signaling continued caution among major corporations toward crypto adoption. In Europe, Czech Justice Minister Pavel Blažek resigned after selling $45 million in Bitcoin he received from a convicted darknet operator. Meanwhile, Ethereum’s Pectra upgrade is on track, meeting expectations and paving the way for the upcoming Fusaka update. Catch these top stories and more in today’s CryptoSlate newsletter!
Ad: Make the most of your cryptoStart earning up to 14% interest, paid daily. Keep full access to your assets while they grow in your Savings Wallet. LATEST SLATECAST 🎙️ Inside Pundi AI: How blockchain and AI are converging for real-world utility 🚀Are you a Web3 marketer? Join our new Web3 Marketing Insights channel here https://t.me/cryptoslate_web3. We’ll be sharing tips, strategies, and special announcements to help web3 marketers level up their game. The global crypto market cap is $3.27 trillion, with a 24-hour volume of $115.8 billion. The price of Bitcoin is $104,553.39, and BTC market dominance is 63.4%. The price of Ethereum is $2,537.27, and ETH market dominance is 9.4%. The best-performing sector is Cannabis, which gained 6%. The Crypto Fear & Greed Index is currently Neutral (50). 📰 Top News
Meta shareholders reject Bitcoin treasury bid in landslide voteWith fewer than 0.1% of votes cast in favor, the initiative to use part of the $72 billion Meta holds in cash fell short of passage. Czech Justice Minister resigns after selling $45M Bitcoin gift from convictPavel Blažek sold roughly 480 BTC received from Tomáš Jiřikovský, who was arrested in 2016 for running an illicit online marketplace for drugs and medicines. Ethereum’s Pectra update meets expectations, edges closer to FusakaA May 30 report by ethPandaOps shows the 6/9 blob schedule functions as designed, giving client teams room to focus on the Fusaka upgrade. 🗞️ More News
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