Bitwise CIO: With ETF approval and corporate capital purchases, the "Solana season" is coming

Crypto casino Luck.io is reportedly paying influencers six figures a month to promote its services, a June 18 X post from popular crypto trader Jordan Fish, aka Cobie, shows. Crypto Influencers Reportedly Earning Six Figures Monthly According to a screenshot of messages between Cobie and an unidentified source embedded in the Wednesday post, the anonymous messenger confirmed that the crypto company pays influencers “around” $500,000 per month to promote the casino. They’re paying extremely well (6 fig per month) pic.twitter.com/AKRVKU9vp4 — Cobie (@cobie) June 18, 2025 However, not everyone was as convinced of the number’s accuracy. “That’s only for Faze Banks probably,” one user replied. “Other influencers are getting $20-40k per month. So, same as other online crypto casinos.” Cobie pushed back on the user’s claims by identifying the messenger as “a crypto person,” going on to state that he knew of “4 other crypto people” earning “above 200k” from Luck.io. Drake’s Massive Stake.com Deal Cobie’s post comes amid growing speculation over celebrity and influencer collaborations with crypto casinos globally. Aubrey Graham, better known as Toronto-based rapper Drake, is reported to make nearly $100 million every year from his partnership with cryptocurrency casino Stake.com. As part of his deal with the Curaçao-based digital casino, the “Nokia” rapper occasionally hosts live-stream gambling sessions for his more than 140 million Instagram followers. Founded by entrepreneurs Ed Craven and Bijan Therani in 2017, the organization allegedly raked in $2.6 billion in 2022. Stake.com has even solidified key partnerships with Alfa Romeo’s F1 team and Liverpool-based Everton Football Club. However, concerns remain over crypto casinos’ legality as a whole , given their massive accessibility and reach online. Earlier this year, Stake was slapped with litigation out of Illinois for supposedly running an illegal online casino stateside while causing “severe harm to vulnerable populations.” “Stake floods social media platforms with slick ads, influencer videos, and flashy visuals, making its games seem safe, fun, and harmless,” the lawsuit claims. “By masking its real-money gambling platform as just another “social casino,” Stake creates exactly the kind of dangerous environment that Illinois gambling laws were designed to stop.”

PANews reported on September 10 that according to CoinDesk, on Wednesday, Michigan-based mortgage lender LitFinancial launched its US dollar stablecoin, litUSD, on the Ethereum blockchain. The company said it plans to use the token to reduce financing costs, optimize fund management operations, and explore on-chain settlement of mortgage payments. The stablecoin, called litUSD, is deployed on the Ethereum blockchain as an ERC-20 token and is backed by cash and cash equivalents in reserves at a 1:1 ratio. Brale is responsible for the issuance and redemption management of the token, while consulting firm Stably provides token economics support and promotes its integration with DeFi. Consumers can mint and redeem litUSD through Brale's certified corporate account via bank transfers or Circle's USDC stablecoin.

XRP price is down when writing and trending below $3.50. Ripple is struggling for momentum despite the launch of three spot XRP ETFs in Canada and FOMC expectations in the U.S. The XRP Army often expects the coin to go “up only.” It has been on an uptrend, and since Donald Trump took office, has.. The post FOMC and Canadian ETF Debut Fail To Pump XRP Price: What Catalyst Does XRP Need? appeared first on 99Bitcoins .