# News - 06/06/2022

**URL:** <https://discourse.causevest.io/t/news-06-06-2022/333>\
**Category:** General Crypto News\
**Created:** [June 6, 2022, 1:38pm UTC](https://discourse.causevest.io/t/news-06-06-2022/333 "2022-06-06T13:38:42Z")\
**Posts on this page:** 1\
**Page:** 1

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**Author:** ![vardhan](https://discourse.causevest.io/user_avatar/discourse.causevest.io/vardhan/32/472_2.png) [@vardhan](https://discourse.causevest.io/u/vardhan)\
**Post date:** [June 6, 2022, 1:38pm UTC](https://discourse.causevest.io/t/news-06-06-2022/333/1 "2022-06-06T13:38:42Z")

</div>

TODAY’S PRICES (AT 02:22 UK TIME)

1. 1 XCV = $0.01346
2. 1 BTC = $31,396.30
3. 1 ETH = $1905.56

TODAY’S NEWS

1. U.S. Senator Lummis bill integrating crypto into financial system to be unveiled this week

> **[U.S. Senator Lummis bill integrating crypto into financial system to be...](https://finbold.com/u-s-senator-lummis-bill-integrating-crypto-into-financial-system-to-be-unveiled-this-week/)**
>
> The first U.S. draft bill on cryptocurrencies is set to be unveiled in Congress by Bitcoin-friendly Wyoming Senator Cynthia Lummis this week.

1. Blockchain-based move-to-earn app Stepn under DDoS attacks after upgrade

[https://cointelegraph.com/news/blockchain-based-move-to-earn-app-stepn-under-ddos-attacks-after-upgrade](https://cointelegraph.com/news/blockchain-based-move-to-earn-app-stepn-under-ddos-attacks-after-upgrade)

1. Bitcoin Flashes Buy Signal for the First Time Since January

> **[Bitcoin Flashes Buy Signal for the First Time Since January](https://cryptobriefing.com/bitcoin-flashes-buy-signal-for-the-first-time-since-january/?utm_source=feed&utm_medium=rss)**
>
> Bitcoin appears to be building up for a significant price movement as the supply of the top cryptocurrency on exchanges drops.

1. Over $70 billion inflows crypto market in 24 hours as Bitcoin breaks resistance at $31k

> **[Over $70 billion inflows crypto market in 24 hours as Bitcoin breaks...](https://finbold.com/over-70-billion-inflows-crypto-market-in-24-hours-as-bitcoin-breaks-resistance-at-31k)**
>
> Bitcoin's positive price movement is influencing the general cryptocurrency market, which has attracted a capital inflow of $70 billion.

1. Octagon Networks is the first cybersecurity firm to convert its entire balance sheet to Bitcoin

> **[Octagon Networks is the first cybersecurity firm to convert its entire...](https://finbold.com/octagon-networks-is-the-first-cybersecurity-firm-to-convert-its-entire-balance-sheet-to-bitcoin/)**
>
> Octagon Networks is among the growing number of companies taking the leap and integrating cryptocurrencies into their business operations.

1. Bitcoin, Ethereum Jump 5% as Crypto Market Rebounds

> **[Bitcoin, Ethereum Jump 5% as Crypto Market Rebounds - Decrypt](https://decrypt.co/102104/bitcoin-ethereum-jump-crypto-market-rebounds)**
>
> Bitcoin and Ethereum, the top two cryptocurrencies by market capitalization, saw a 5% spike in price in the last 24 hours.

1. Change of Direction? Bitcoin Finally Ended its Longest Ever Sequence of 9 Red Weeks

> **[Change of Direction? Bitcoin Finally Ended its Longest Ever Sequence of 9 Red...](https://cryptopotato.com/change-of-direction-bitcoin-finally-ended-its-longest-ever-sequence-of-9-red-weeks/)**
>
> Has bitcoin finally changed its price direction after closing its first week in the green following 9 consecutive ones in the red?

1. Towerbank Becomes First Bank in Latin America to Declare Itself ‘Crypto Friendly’

> **[Towerbank Becomes First Bank in Latin America to Declare Itself ‘Crypto...](https://www.cryptoglobe.com/latest/2022/06/towerbank-becomes-first-bank-in-latin-america-to-declare-itself-crypto-friendly/)**
>
> Panamanian bank Towerbank is preparing to meet the needs of the crypto community.

1. Top 5 cryptocurrencies to watch this week: BTC, ADA, XLM, XMR, MANA

> **[CryptoPanic - If you're going to panic, panic early.](https://cryptopanic.com/news/15412191/click/)**
>
> News aggregator platform indicating impact on price and market for traders and cryptocurrency enthusiasts.

1. Long-Term Correlation Between Bitcoin and Wall Street Waned as BTC Has Better Returns (Report)

> **[Long-Term Correlation Between Bitcoin and Wall Street Waned as BTC Has Better...](https://cryptopotato.com/long-term-correlation-between-bitcoin-and-wall-street-waned-as-btc-has-better-returns-report/)**
>
> A recent report by 21Shares showed a weakening long-term correlation between Bitcoin and the S&P 500, with long-term crypto investments returning more.