Author: Chris Smith
Hong Kong Develops Crypto Tracking Tool to Combat Money Laundering
Reading Time: < 1 minuteThe Hong Kong Customs and Excise Department has teamed up with the University of Hong Kong (HKU) to develop a new digital tool designed to trace cryptocurrency transactions linked to money laundering.
SEC Officially Abandons Gensler’s DeFi and Custody Rule Initiatives
Reading Time: < 1 minuteThe Securities and Exchange Commission (SEC) has formally withdrawn two key rule proposals from the Gary Gensler era that targeted crypto markets, per notices published Thursday.
Stablecoin Bill to Fortify Dollar Dominance, Treasury Chief Says
Reading Time: < 1 minuteTreasury Secretary Scott Bessent framed the GENIUS Act as critical to maintaining dollar supremacy during Senate testimony Wednesday.
Crypto Funds Hit $167B AUM as Investors Seek Alternatives
Reading Time: < 1 minuteInstitutional and retail investors are increasingly allocating to crypto funds, with assets under management reaching a record $167 billion in May.
Crypto Regulatory Clarity Moves Closer as House Committees Back CLARITY Act
Reading Time: < 1 minuteThe CLARITY Act, a landmark crypto market structure bill, has cleared major hurdles in Congress after winning approval from both the House Financial Services (32-19) and Agriculture (47-6) Committees.
Societe Generale Launches First Major Bank-Issued Dollar Stablecoin
Reading Time: < 1 minuteFrance’s Societe Generale announced plans to introduce a dollar-pegged stablecoin, becoming the first major bank to enter the dollar-backed crypto market.
BlackRock’s IBIT Hits $70B in Record Time
Reading Time: < 1 minuteBlackRock’s IBIT, the leading spot Bitcoin ETF, has made history by amassing $70 billion in assets in under a year—smashing gold’s long-standing record.
SEC Proposes Regulatory Exception for Crypto Innovation
Reading Time: < 1 minuteIn a move to foster blockchain innovation, SEC Chair Paul Atkins announced plans for a conditional exemption program during Monday’s DeFi roundtable.
South Korea’s New Crypto Bill Paves Way for Regulated Stablecoins
Reading Time: < 1 minuteSouth Korea’s government is pushing forward with legislation to legalize domestically issued stablecoins, marking a major step in President Lee Jae-myung’s pro-crypto agenda.
Metaplanet Shares Surge After Announcing $5.4 Billion Bitcoin Purchase Plan
Reading Time: < 1 minuteShares of Japanese investment firm Metaplanet soared at market open following its announcement of a $5.4 billion fundraising initiative to buy Bitcoin.
Transaction Drought Hits Bitcoin Network Despite Price Strength
Reading Time: < 1 minuteIn a puzzling divergence from price action, Bitcoin network activity has slumped to October 2023 levels.
Winklevoss Twins’ Gemini Quietly Preps for IPO as Crypto Market Heats Up
Reading Time: < 1 minuteGemini, the crypto exchange founded by the Winklevoss twins, is gearing up to go public.
What is a Crypto Hodler?
Reading Time: 2 minutesA “hodler” is someone who holds onto their cryptocurrency assets for an extended period, regardless of the fluctuating market conditions.
Circle’s Blockbuster IPO Marred by Backlash From Early Investor
Reading Time: < 1 minuteWhile Circle’s shares soared 167% in their NYSE debut, the celebratory mood was dampened by public criticism from Arca, one of its earliest backers.
Bitcoin ETF Holdings Fall 23% in Q1 2025 as Institutional Demand Wanes
Reading Time: < 1 minuteNew data reveals the first quarterly decline in institutional Bitcoin ETF holdings since their US launch.
California Advances Bill on Unclaimed Crypto and Merchant Payments
Reading Time: < 1 minuteCalifornia’s State Assembly has unanimously approved a bill that would regulate cryptocurrency payments and enable the state to seize inactive crypto holdings from exchanges after three years of dormancy.
JPMorgan Embraces Crypto ETFs, Will Accept Them as Loan Collateral
Reading Time: < 1 minuteIn a major step for institutional crypto adoption, JPMorgan Chase will soon permit clients to pledge Bitcoin ETFs as loan collateral.
Crypto VC Activity Hits 2025 Low
Reading Time: < 1 minuteVenture capital activity in the cryptocurrency sector reached its lowest level of 2025, with May recording just 62 investment rounds – matching levels not seen since January 2021, per RootData analytics.
Trump Media Expands Crypto Footprint With Bitcoin ETF Filing
Reading Time: < 1 minuteTrump Media & Technology Group is making another strategic push into digital assets with NYSE Arca’s filing for a Truth Social-branded Bitcoin ETF.
Pro-Crypto Leader Lee Jae-myung Wins South Korean Presidency in Landslide
Reading Time: < 1 minuteIn a historic election marked by high turnout, South Korea’s Democratic Party leader Lee Jae-myung secured the presidency with 49% of the vote, defeating conservative opponent Kim Moon-soo.
Revolut Plans Expansion into Crypto Derivatives Market
Reading Time: < 1 minuteFintech leader Revolut is preparing to enter the crypto derivatives space, as indicated by a recent job posting seeking a General Manager (Crypto Derivatives) to spearhead the initiative.
Coinbase Knew About Data Breach for Months Before Going Public
Reading Time: < 1 minuteMonths before Coinbase acknowledged a data leak affecting nearly 70,000 customers, the exchange was allegedly aware of the breach as early as January.
Australia Strengthens Crypto ATM Regulations to Combat Fraud
Reading Time: < 1 minuteIn response to a surge in scams, Australia’s financial intelligence agency, AUSTRAC, has imposed new operational requirements for cryptocurrency ATMs.
Crypto ETPs Log $286M Inflows
Reading Time: < 1 minuteCrypto investment funds notched another week of inflows despite Bitcoin’s slump, with $286 million pouring into digital asset ETPs in the week ending May 30.
What Are ASIC Miners?
Reading Time: 2 minutesAn ASIC miner, or Application-Specific Integrated Circuit miner, is a specialized piece of hardware used for cryptocurrency mining.
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