Category: News
Latest news on blockchain, cryptocurrencies and the crypto world in general.
Michael Saylor Advises Pakistan on Crypto Strategy as Country Explores Bitcoin Adoption
Reading Time: < 1 minutePakistan has enlisted the expertise of Michael Saylor, Executive Chairman of MicroStrategy (now Strategy), to support its push into cryptocurrency.
$6.9M Gone in Hours: How a ‘Discounted’ Cold Wallet on China’s TikTok Drained a Crypto User’s Fortune
Reading Time: < 1 minuteAn investor has lost $6.9 million after buying a compromised device from Douyin—China’s TikTok.
Metaplanet’s Bitcoin Bet Pays Off: Now Holds More BTC Than Coinbase
Reading Time: < 1 minuteMetaplanet has cemented its position as a major Bitcoin holder, purchasing an additional 1,112 BTC ($117.2M) to reach 10,000 BTC—surpassing Coinbase Global’s holdings.
Brazil Scraps Crypto Tax Break, Sets 17.5% Flat Rate
Reading Time: < 1 minuteBrazil has ended its tax exemption for small crypto gains, imposing a uniform 17.5% rate on all digital asset profits.
Vietnam Greenlights Crypto in Sweeping Digital Tech Law
Reading Time: < 1 minuteVietnam has officially legalized cryptocurrencies under its newly passed Digital Technology Industry Law, approved on June 14.
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.
USDC Integration Goes Live on XRP Ledger, Enabling Cross-DEX Swaps
Reading Time: < 1 minuteThe XRP Ledger (XRPL) has officially added support for Circle’s USDC stablecoin, enabling new DeFi interoperability features.
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 1 minuteThe Securities and Exchange Commission (SEC) has formally withdrawn two key rule proposals from the Gary Gensler era that targeted crypto markets, per notices published Thursday.
Senate to Hold Decisive Vote on GENIUS Stablecoin Bill Next Week
Reading Time: < 1 minuteThe US Senate has scheduled its final vote on the GENIUS Act for June 17, a move that could shape the regulatory landscape for stablecoins nationwide.
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.
Senate Moves Forward on GENIUS Stablecoin Bill Amid Trump’s Crypto Push
Reading Time: < 1 minuteThe US Senate voted decisively (68-30) to advance the GENIUS Act, a major stablecoin regulation bill backed by Senate leadership and aligned with President Donald Trump’s pro-crypto agenda.
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.
Connecticut Bans Government Crypto Involvement in Sweeping New Law
Reading Time: < 1 minuteConnecticut has implemented a comprehensive prohibition on state and local government cryptocurrency activities through newly passed legislation.
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.
Corporate Stablecoin Adoption Soars as Fortune 500 Firms Take Notice
Reading Time: < 1 minuteA Coinbase survey reveals a dramatic shift in corporate attitudes toward stablecoins, with Fortune 500 interest tripling in just one year.
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.
UK Cracks Down on Hidden Crypto in Bankruptcy Cases with New Specialist
Reading Time: < 1 minuteAs crypto-related insolvencies skyrocket, the UK has taken action by hiring its first crypto recovery expert to track down missing digital assets.
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.
Staked INJ ETF in the Works? Canary Capital’s Latest Move Signals Interest
Reading Time: < 1 minuteInjective (INJ) investors may soon have a new way to gain exposure, as Canary Capital has registered the “Canary Staked INJ ETF” trust in Delaware.
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.
Security Flaw Costs Bitcoin DeFi Project $8.3M
Reading Time: < 1 minuteA critical vulnerability in Alex Protocol’s self-listing verification logic led to one of the largest exploits in Stacks ecosystem history.
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.
Saylor’s “Send More Orange” Tweet Sparks Bitcoin Buy Speculation
Reading Time: < 1 minuteMichael Saylor is at it again. The MicroStrategy chairman dropped another Bitcoin teaser on X, posting “Send more Orange” alongside a chart of the company’s massive BTC stash.
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