Crypto

The Justice Department has filed a civil forfeiture complaint to seize crypto and NFTs allegedly tied to laundering efforts by North Korea. The US Department of Justice has moved to seize $7.74 million in crypto allegedly earned by North Korean IT workers using fake identities and working at blockchain firms as remote contractors.   The funds were initially frozen in April 2023 as part of an indictment against Sim Hyon Sop, a China-based banker allegedly helping North Korean IT workers launder money, the DOJ said in a June 5 statement. The Justice Department is looking to seize multiple cryptocurrencies, including stablecoins and Bitcoin (BTC) in varying amounts, along with non-fungible tokens and Ethereum Name Service domains that are held in multiple self-custody wallets and Binance accounts, according to its civil forfeiture complaint filed June 5 in a Washington, DC federal court. Read more

Circle closed with an $18.4 billion valuation, well below Coinbase’s IPO but ahead of newer entrants like Fold and eToro.

PLUS: $TRUMP token slumps on Trump-Musk drama and wallet fallout

Bored Ape Yacht Club creator Yuga Labs has proposed axing the ApeCoin DAO, with plans to create a new entity to oversee the Ethereum token.

Congressman Bill Huizenga (R-MI) said digital assets are “the future” while discussing potential crypto policy during a key House Financial Services Committee hearing on Wednesday.HFSC Holds Critical Crypto Hearing Amid Policy Talks Titled “American Innovation and the Future of Digital Assets: From Blueprint to a Functional Framework,” the June 4 hearing widely focused on concerns […] The post Crypto Is ‘The Future,’ House Financial Services Oversight Subcommittee Chair Says appeared first on Cryptonews.

Pornhub’s France block over age checks sparked a 1,000% ProtonVPN signup surge, highlighting pushback against ID laws.

The South Korean parliament could soon approve a draft tokenized securities bill, finally giving domestic firms the right to launch blockchain technology-powered coins tied to real estate, raw materials, livestock, and copyrighted works. The post South Korean Parliament ‘Poised to Approve Tokenized Securities Bill’ appeared first on Cryptonews.

Myriad Markets users are putting their money where their mouths are on the Musk/Trump schism, Ethereum's price, the French Open, and beyond.

Bitcoin tumbles below $102K after Musk-Trump fallout triggers $831M liquidations and ETF outflows. Will institutional exits spark a deeper selloff? The post Bitcoin Price Prediction: $831M Liquidated as Musk vs Trump Shakes Markets appeared first on Cryptonews.

Institutional investors cut Bitcoin (BTC) allocations in US-based spot exchange-traded funds (ETFs) during the first quarter after hedging profits waned and futures premiums compressed, a June 5 CoinShares report showed. The report assessed 13-F filings from asset managers with at least $100 million in assets under management. These investors reported $21.2 billion in Bitcoin ETF […] The post Profit-taking, not capitulation: institutions cut Bitcoin ETF exposure by 23% in Q1 appeared first on CryptoSlate.

Asian media outlets report unverified rumors of Chinese ban on owning Bitcoin, Gate.io faces $30M bill after perps liquidation fiasco: Asia Express The crypto industry has never been short on rumors suggesting that China is preparing to unban Bitcoin since the nations 2021 crackdown on crypto trading and mining. But this past week, the narrative flipped, with some media outlets claiming that China is now banning Bitcoin ownership outright. One of the most widely circulated stories came from India-based Financial Express, which cited a supposed Binance report. Magazine found no such report authored by Binance, and the exchange did not respond to a request for comment. Magazine also found no supporting reports from Chinese state media or official government sources. Read more

What happens when two of the most powerful people in the world have a messy split—and it all happens in public? Sweet, sweet calamity.

Bitcoin (BTC) is suffering pressure from veteran holders securing gains and must hold the key $95,600 support level to remain bullish if it breaks below six-figures, according to a June 5 report by Glassnode. The report highlighted that after breaking below $103,700, the next major level of support is the psychological price level of $100,000 […] The post Bitcoin bulls must guard key $95.6k support as veteran holders cash in on gains appeared first on CryptoSlate.

Maple’s expansion to Solana is powered by Chainlink’s CCIP, which allows data transfer between EVM and SVM ecosystems. Lending platform Maple Finance is expanding to the Solana network in a bid to reach a broader class of users. According to a June 5 announcement shared with Cointelegraph, the company is deploying its syrupUSD yield-bearing stablecoin to Solana-based platforms Kamino and Orca. The coin had previously been available only on the Ethereum blockchain. Maple’s Solana integration is launching with $30 million in liquidity, which the company says will establish “a deep and stable foundation for lending, trading, and collateral provisioning” in the ecosystem. Read more

The wallet, launched by Trump’s meme coin business partners, has faced pushback from his sons, who plan to launch a similar product.

According to CoinShares, price depreciation, not selling pressure, was the main factor behind the drop in institutional BTC ETF exposure. Bitcoin exchange-traded funds (ETFs) overseen by institutional investors shrank in early 2025, marking the first quarterly drop since US spot ETFs launched. According to a recent CoinShares report, institutional investors’ exposure to Bitcoin (BTC) dropped to $21.2 billion in Q1 2025 from $27.4 billion in Q4 2024, representing a 23% decrease over the period. The report, based on companies’ filings with the US Securities and Exchange Commission (SEC), attributed much of the decline to an 11% quarter-over-quarter drop in Bitcoin’s price, rather than a reduction in position sizes. Still, many investors trimmed their holdings, signaling a mix of valuation impact and active selling. Read more

With the Solana price falling by 3% in 24 hours, could the arrival of Pump.fun's native token spell more declines for the altcoin? The post Solana Price Prediction: Will Pump.fun’s Token Replace SOL? appeared first on Cryptonews.

Republicans "adopted a lot of the amendments" Democrats wanted, Sen. Ruben Gallego said.

Bitcoin is back near $100K as major alts like Ethereum, Solana, and Dogecoin dive amid Trump and Musk drama—but Circle had a great day.

Eight crypto policy groups, including Blockchain Association, Crypto Council for Innovation and DeFi Education Fund, have supported the BRCA and asked Congress to weave it into market-structure legislation, arguing blockchain software developers should not be regulated as money transmitters. The post Crypto Policy Heavyweights Back BRCA – Could Safe Harbor Spark a New Onchain Build-Out? appeared first on Cryptonews.