Over 28% of the total Ether supply is now staked, signaling that many investors are gearing up to hold their assets for the long term. The supply of staked Ether reached an all-time high this week, signaling growing investor confidence and a squeeze on the liquid supply of the world’s second-largest cryptocurrency. Over 35 million Ether (ETH) coins are now staked under the Ethereum blockchain’s proof-of-stake consensus model, according to data from Dune Analytics. Over 28.3% of the total Ether supply is now locked into smart contracts and is unsellable for a pre-determined time in exchange for generating passive income for investors. Read more
James Wynn’s $100-million Bitcoin liquidation shocked the crypto world. The way he used leverage is astounding, though his later losses also exposed associated market risks. In the volatile arena of cryptocurrency trading, the saga of James Wynn, a trader on the decentralized exchange (DEX) Hyperliquid, illustrates both the excitement and risks associated with it. In late May 2025, Wynn suffered nearly $100 million in liquidations after Bitcoin (BTC) dropped below $105,000. His bold leveraged bets collapsed swiftly, erasing a vast fortune. Bitcoin’s extreme volatility, oscillating between soaring peaks and steep declines, underscores the promise and risk of high leverage. Read more
Tron’s reverse merger will test whether a company can treat its own crypto as collateral without collapsing under the risk. Justin Sun’s Tron is about to challenge what Wall Street considers a legitimate corporate asset, and if it fails under pressure, the fallout could ripple far beyond the company itself. On June 16, toy maker SRM Entertainment announced it will rebrand as Tron Inc and adopt a treasury strategy centered on TRX (TRX), the native cryptocurrency of the Tron blockchain. The move — widely defined as a reverse merger — is backed by a $100-million private investment, potentially rising to $210 million if warrants are fully exercised. Tron founder Sun will serve as an adviser. Read more
Bitcoin price remains stuck below $110,000 ahead of the FOMC, with big overhead resistance at $112,000 in place and several key support levels below. Key takeaways: Fed interest-rate cut odds this week are now less than 0.1%. BTC price may drop as low as $92,000 if key support levels are broken. Read more
The question of RWA backing is not primarily a technology question but is subject to other considerations, industry executives say. The real-world asset (RWA) market has emerged as one of the key trends in the cryptocurrency industry in 2025, with companies increasingly jumping on the tokenization bandwagon. Although some studies pointed to a massive 260% increase of RWAs this year, some industry executives have questioned the magnitude of the reported market size, arguing that the sector is still too nascent and relatively small. Industry executives told Cointelegraph that slow adoption may stem from outdated regulations, limited access and widespread misunderstandings of how tokenized assets are backed. Read more
Thailand’s crypto income tax waiver applies to crypto sales made through licensed crypto asset service providers from 2025 to late 2029. Thailand has approved tax exemptions on income from the sale of cryptocurrencies like Bitcoin for five years, according to a Ministry of Finance announcement. Thailand will waive the capital gains tax on crypto sales made through licensed crypto asset service providers in the period from Jan. 1, 2025, to Dec. 31, 2029, Deputy Finance Minister Julapun Amornvivat said in a statement issued on Tuesday. According to the minister, the measure is designed to strengthen Thailand’s position as a global financial hub and one of the first countries to adopt laws for digital assets and their taxation. Read more
Gemini has accused the CFTC’s enforcement division of using a false whistleblower report to form its 2022 lawsuit against the crypto exchange. Gemini Trust claims it was a “selfish desire” by the Commodity Futures Trading Commission’s litigators to advance their careers that allowed “dubious” charges to be brought against the crypto exchange in 2022. In a letter on Friday to CFTC Inspector General Christopher Skinner, Gemini alleged the agency’s Division of Enforcement lawyers relied on a dodgy whistleblower report to sue the company. “DOE Staff selectively and unfairly weaponized the Commodity Exchange Act [....] to bring dubious false statements charges against Gemini,” lawyers for the exchange claimed. Read more
Joey Bertschler, a former OpenAI employee, is building a crypto wage distribution system, Volante Chain, motivated in part by disillusionment with OpenAI’s culture. Joey Bertschler, a former OpenAI employee, is building a crypto-powered earned wage access system through his new startup, Volante Chain. In an interview with Cointelegraph at German Blockchain & AI Week, Bertschler said he worked at OpenAI before the launch of ChatGPT, helping business customers use early-stage AI tools. He later decided to switch industries and focus on financial technology, creating a blockchain-based platform that allows same-day wage access for employees. Volante allows employees at participating companies to be paid their daily wage on the same day, rather than waiting until the end of the month. Bertschler described the current norm as “30 days of taking your freedom away, of choosing what to do with your money,” particularly for those living paycheck to paycheck. Read more