Cryptocurrency

3471 items in section

Senate Democrats demand probe into $500M UAE stake in Trump crypto firm

A coalition of Senate Democrats is pushing for formal hearings into a $500 million investment in World Liberty Financial by an Abu Dhabi-backed entity. Lawmakers are demanding testimony on whether this capital injection influenced the Trump administration’s subsequent approval of major arms sales and advanced AI chip access to the UAE.

CEA Industries Settles Proxy War with YZi Labs Board Shake-up

A months-long governance standoff at CEA Industries concluded Tuesday as the Nasdaq-listed firm reached a cooperation agreement with YZi Labs. The deal grants the activist investor immediate board representation while triggering a formal search for a new chief executive to oversee the company’s massive BNB treasury strategy.

BlackRock Sets 2% Ceiling for Bitcoin Portfolio Exposure

Bitcoin holds a place in modern investment portfolios, but only as a marginal diversifier. BlackRock suggests that retail and institutional investors cap their exposure at 1% to 2% of total holdings, warning that any larger position risks introducing extreme volatility that could undermine a balanced strategy.

Brazil Reaffirms Ban on Crypto Campaign Contributions

Ahead of the October 2026 elections, Brazil’s Federal Public Ministry has issued a sharp reminder to candidates and political parties: cryptocurrency donations remain strictly prohibited. The agency maintains that the pseudonymous nature of digital assets conflicts with mandatory transparency requirements for tracking the origin of all campaign funds.

Tether-backed Oobit integrates Brazil’s Pix payment network

Nearly 170 million people using Brazil’s instant payment infrastructure can now interact with Tether’s USDT through the Oobit mobile application. The integration allows users to deposit Brazilian reais, hold funds in the dollar-pegged stablecoin, and execute transactions using the ubiquitous Pix system without shifting away from familiar banking habits.

Chainlink Joins 50-Bank Consortium to Overhaul FX Settlement

Project Pangea, a new banking initiative representing over $10 trillion in assets, is testing a shift from traditional two-day currency clearing to instant, atomic stablecoin settlements. By integrating Chainlink’s interoperability tools with existing Swift infrastructure, the group aims to modernize cross-border trades between Europe and South Korea.

StarkWare unveils Private KYC to minimize identity data exposure

Identity verification currently demands full document disclosure for simple tasks, exposing users to massive data breach risks. StarkWare is challenging this standard with its new Private KYC demo on Starknet, which utilizes zero-knowledge proofs to verify specific credentials without requiring companies to store sensitive personal files.

CFTC Sues Kentucky to Protect Federal Control of Prediction Markets

The Commodity Futures Trading Commission has launched a federal lawsuit against Kentucky officials, aiming to block the state from enforcing local gaming laws against federally regulated prediction markets. This legal clash marks the ninth state intervention by the regulator as it asserts exclusive authority over event-based derivatives and swaps.

Michael Selig demarcates crypto perpetuals from agricultural markets

CFTC Chair Michael Selig has publicly distanced the agency’s approach to crypto perpetual futures from the traditional agricultural sector, arguing that the 24/7, non-expiring nature of digital asset derivatives is fundamentally incompatible with markets reliant on physical delivery and set trading hours.

CBOE weighs shift to perpetual futures amid Kalshi’s rapid growth

A massive $8.5 billion surge in trading volume on Kalshi has forced a recalibration among industry giants. CBOE Global Markets is now evaluating the conversion of its Bitcoin and Ether futures into perpetual contracts, signaling a shift in how regulated U.S. exchanges compete for crypto-derivative dominance.

Fortitude Mining Secures Nasdaq Listing via HeartSciences Merger

Shares of HeartSciences surged 91% Tuesday after the medical diagnostics firm announced an all-stock merger with Zcash miner Fortitude Mining Holdings. By bypassing a traditional IPO, the deal grants the private crypto operator immediate access to public markets while reshaping the future of the Nasdaq-listed healthcare developer.

Cody Carbone Lobbies for CLARITY Act Amid Legislative Gridlock

As the CLARITY Act languishes in the Senate without a scheduled floor vote, Digital Chamber CEO Cody Carbone is intensifying his push to frame digital assets as a tool for economic relief, arguing that blockchain-based services can strip away the high transaction costs plaguing traditional financial networks.

SOIL Eyes XRP Ledger Integration for Native Lending Protocol

The regulated yield protocol SOIL is positioning itself to be the first application to leverage the XRP Ledger’s proposed native lending infrastructure. The project is actively pushing for the activation of the XLS-65 and XLS-66 amendments, which aim to bring on-chain lending and liquidity pools directly to the network.

Ric Edelman sees 95% institutional crypto adoption via CLARITY Act

Ninety-five percent of institutions currently avoiding digital assets could enter the market if the CLARITY Act becomes law, according to financial advisor Ric Edelman. He argues that this legislation serves as the critical catalyst required to overcome professional hesitation and provide the regulatory framework large firms demand.

Trafficking prevention group challenges CLARITY Act DeFi provision

The Alliance to End Human Trafficking has petitioned Senate leadership to block a key provision in the CLARITY Act, warning that protections for decentralized finance developers could inadvertently create regulatory blind spots that hinder the detection of illicit financial flows linked to human exploitation.

Mark Zuckerberg's Meta prepares to enter the prediction market

Mark Zuckerberg has mobilized a dedicated team at Meta to build Arena, a new prediction platform designed to challenge industry incumbents like Polymarket and Kalshi. The initiative signals a strategic pivot by the social media giant to capture the surging interest in speculative event-based forecasting among retail and institutional traders.

Ethereum Foundation trims staff by 20% in major restructuring

The Ethereum Foundation has eliminated 54 positions, cutting its workforce by roughly 20% as part of a significant organizational overhaul. The move marks the conclusion of a months-long effort to realign resources and personnel with the foundation's core development mandate and long-term treasury management strategy.

Worldcoin struggles as Robinhood listing meets market skepticism

Robinhood’s decision to add Worldcoin to its crypto trading platform on June 23 has failed to arrest the token's decline, as WLD fell nearly 15% to $0.53. The expansion of retail access is currently overshadowed by mounting allegations regarding co-founder Sam Altman and looming questions over the project's governance.

Europe advances digital euro as U.S. Senate halts central bank currency

The European Parliament’s Economic and Monetary Affairs Committee has backed a legislative framework for a digital euro, marking a definitive step toward a potential 2029 launch. While Brussels seeks to reduce reliance on foreign payment networks, the U.S. Senate has moved in the opposite direction, effectively blocking Federal Reserve CBDC initiatives until 2030.

Susquehanna Sets $170 Target for SpaceX Amid Valuation Concerns

Susquehanna has initiated coverage on SpaceX with a neutral rating and a $170 price target, signaling that while the company possesses significant growth potential, its current market valuation rests on aggressive financial assumptions that leave little room for error in untested markets.

Anthropic pre-IPO futures tumble following Coinbase listing

Investors are shunning Anthropic pre-IPO futures as contracts on Coinbase and Binance slide to all-time lows. Despite the exchange’s attempt to capture trading interest, prices have dropped up to 9% since the June 22 launch, reflecting deep-seated anxiety over the company’s eventual public valuation and market uncertainty.

Kalshi restricts Indian users amid global crackdown on prediction markets

Indian residents can no longer access the U.S.-based prediction platform Kalshi, which officially added the country to its list of restricted jurisdictions this Wednesday. The move aligns with a tightening regulatory environment in India, where authorities have intensified efforts to block access to online betting and speculative gaming services.

EU Lawmakers Advance Digital Euro Legislative Framework

By a 43 to 14 vote, the European Parliament’s Economic and Monetary Affairs Committee has cleared a crucial hurdle for the digital euro. The draft legislation outlines a roadmap for a central bank digital currency, setting the stage for potential eurozone adoption by 2029 while establishing strict privacy and operational safeguards.

Postquant Labs launches decentralized network to secure blockchain assets

Postquant Labs has unveiled the Quip Network, a decentralized protocol designed to pool idle quantum computing power and shield approximately $20 billion in blockchain assets from emerging cryptographic threats. The initiative aims to address mounting security vulnerabilities ahead of federal mandates requiring quantum-resistant standards by 2027.

Crypto markets face liquidity crunch as Fed policy and geopolitics collide

Bitcoin’s recent stumble serves as a high-stakes stress test, with crypto markets pricing in geopolitical friction and Federal Reserve policy shifts before traditional equities could react. As the Iran deal stalls and inflation concerns mount, the digital asset space is grappling with a lack of fresh buying pressure.

THORChain Resumes Trading Following $10.7 Million Security Breach

After a month-long shutdown triggered by a $10.7 million vault exploit, the decentralized exchange THORChain has officially resumed operations. The protocol confirmed that all core services, including swaps, liquidity provision, and asset signing, are back online following an exhaustive security audit and validation of its infrastructure.

Binance co-founder Yi He alerts users to impersonation scam

Binance co-founder Yi He has publicly warned the crypto community about an individual identified as Zhu Pan, who allegedly impersonated her to target industry leaders, including Tron founder Justin Sun. The warning arrived alongside a formal denial from the trading platform CoinUp regarding its association with the individual.

Hut 8 to Pay $2.35 Million to Settle Merger Investor Suit

Hut 8 has agreed to a $2.35 million settlement to resolve a class-action lawsuit stemming from its 2023 merger with U.S. Bitcoin Corp. While the company denies any wrongdoing, the deal aims to close a long-standing legal dispute regarding disclosures over the operational health of a key Texas mining site.

Nakamoto liquidates legacy clinics to finalize Bitcoin-only pivot

Nakamoto Inc. has shuttered its remaining healthcare clinics, formally ending the legacy operations inherited from KindlyMD to focus exclusively on its Bitcoin-centric business model. The June 19 closure marks the final step in a radical corporate transformation that has pivoted the firm toward media, asset management, and financial advisory services.

Ethereum Ecosystem Faces Growing Backlash Over Funding Transparency

“Who is paying for all of this?” The question has become a rallying cry for Ethereum community members scrutinizing the rise of independent research groups. Amid a protracted market slump, the lack of clear financial disclosures from entities like Ethlabs has sparked a heated debate over governance, accountability, and the Foundation’s role.