Crypto

U.S. Senators Elizabeth Warren (D-MA) and Jeff Merkley (D-OR) are requesting that investment firm MGX and crypto exchange Binance preserve documents and communications related to the use of the Trump-affiliated World Liberty Financial’s stablecoin, USD1, according to a June 11 letter.Senators Request $2 Billion Stablecoin Deal Records In the letter addressed to the CEOs of […] The post Elizabeth Warren, Jeff Merkley Press Binance, UAE Firm Over $2B Deal Involving Trump Family Stablecoin appeared first on Cryptonews.

Shaquille O'Neal has reached a tentative $1.8 M deal to resolve an FTX class action, making him the first star to close out claims over the exchange’s downfall. The case contrasts with ongoing lawsuits naming Tom Brady, Stephen Curry, Kevin O'Leary, and other high-profile promoters. The post Shaquille O’Neal Shells Out $1.8M in First Celebrity FTX Settlement appeared first on Cryptonews.

Thailand sees 44% fall in Chinese tourists after crypto scam backlash, Japan to urge G7 to tackle North Korean crypto hackers. Asia Express. Chinese academics are warning that the growth of stablecoins is a rising threat to China’s monetary sovereignty by enshrining the global dominance of the US dollar. A commentary in China Economic Times argues that the rise of crypto comes with implications for sovereign credit systems, global governance models and the future of money. China Economic Times is a daily newspaper sponsored by the Development Research Center of the State Council, one of the countrys highest-ranking policy research bodies. Government officials are part of the paper’s main reader base, and commentaries published by the paper often aim to influence or advise on economic strategy. Read more

Talks of a potential acquisition follow renewed interest in Nexon's massively multiplayer online role-playing game series MapleStory. Tencent, a Chinese technology and holding company with a global footprint, is reportedly exploring the possibility of acquiring game developer and publisher Nexon. Representatives from the tech company contacted the family of Nexon founder Kim Jung-ju to explore a potential deal, but no concrete terms have been reached and a deal is not guaranteed, according to Bloomberg. Nexon is the South Korean video game developer behind the MapleStory series, a massively multiplayer online role-playing game (MMORPG) that first gained popularity in the early 2000s as a traditional PC game. Read more

Shopify is rolling out support for USDC payments, allowing consumers to pay with stablecoins via Shopify Payments and Shop Pay. The feature, developed in partnership with Coinbase and launching on the exchange’s Base blockchain, is available in early access starting this week and will expand to more merchants over the coming months. New payment rails […] The post Shopify to enable USDC payments via Base across its Checkout ecosystem appeared first on CryptoSlate.

Binance UI Refined unveils AI-powered, customizable widgets and smart recommendations. The post Binance Unveils Customizable, AI-Powered User Interface – Next Big Trend? appeared first on Cryptonews.

Customers buying from Shopify merchants will be able to use the USDC stablecoin thanks to a collaboration with Coinbase and Stripe.

XRP price prediction has combined 42 real-time metrics—from order-book depth to social activity—to suggest a $2.25 pivot ahead of the June 16 SEC ruling. Compression in Bollinger Bands, firm VWMA, and a new $500 million corporate reserve have presented a finely balanced outlook.   The post ChatGPT’s 42-Signal AI XRP Price Forecast Flags Violent Swing Pre-SEC Ruling appeared first on Cryptonews.

Singapore-based Trident is bucking the Bitcoin reserve trend, instead embracing the Ripple-linked XRP for its treasury.

BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL) expanded by about $1 billion between March 26 and June 11, representing roughly half of the $2 billion growth of the tokenized US treasuries market in the period. According to rwa.xyz data, BUIDL’s size is $2.89 billion as of June 11. It is the largest tokenized money fund, […] The post BlackRock’s BUIDL nears $3B, registers 3x increase in less than 90 days appeared first on CryptoSlate.

China and ECB chief Christine Lagarde have marked 50 years of EU-China ties by discussing joint approaches to monetary reform, cross-border capital stability, and strategies for expanding the yuan’s global role, including local-currency settlement and potential digital channels. The post China-ECB Alliance Heralds Bold Yuan Push – Is Dollar Dominance at Risk? appeared first on Cryptonews.

The letter urges Meta to explain how new stablecoin efforts differ from Libra and disclose any crypto industry partnerships or lobbying.

SOL’s futures open interest hits a 2-year high above $7.4 billion, but neutral funding and declining DEX activity cast doubt on a breakout to $200. Key takeaways: SOL’s futures open interest surged to a 2-year high, reflecting growing institutional interest. Rising competition from other blockchains and neutral funding rates continue to dampen SOL’s bullish momentum. Read more

Long position liquidations are rapidly piling up as Bitcoin, Ethereum, Dogecoin, and Solana losses accelerate Thursday.

Troubling macro headlines concerning the Middle East and tariffs failed to shake U.S. stocks, but cryptocurrencies sold off.

Andreessen Horowitz’s crypto arm a16z said blockchains could steer artificial intelligence toward user ownership and open standards, according to a June 11 report. The paper argued that core context and “agent passports” should reside in self-custodial wallets, providing any large-language-model interface with instant access to preferences without requiring repeated training.  A chain-based identity layer would […] The post Andreessen Horowitz champions blockchain integration for AI ownership and innovation appeared first on CryptoSlate.

In the world of traditional finance, sentiment has been shifting toward digital assets, with BlackRock, JPMorgan and Franklin Templeton making moves. In an opinion piece published in Fortune, Franklin Templeton CEO Jenny Johnson wrote that the “advantages of blockchain are so compelling that we don’t foresee the shift to digital asset technology being slow or incremental,” echoing the growing positive sentiment some traditional finance institutions have toward crypto. “Indeed, we expect our industry will evolve more in the next five years than in the last 50,” Johnson said. “The pressing question is whether financial institutions will choose to embrace the digital asset wave (and the disruption coming with it), actively fight it or bury its head in the sand.” Johnson noted that blockchain technology and the growing cryptosphere have many benefits that traditional finance rails struggle to match. These include new financial options for homeowners, integration of global markets, and, eventually, throughput that...

The Coinbase One Card, issued in partnership with American Express, will offer up to 4% rewards in bitcoin after purchases and other perks.

The Depository Trust & Clearing Corporation (DTCC), which handles the clearing and settlement of nearly all U.S. stock trades, is exploring the issuance of a U.S. dollar-backed stablecoin, The Information reported on June 12, citing sources familiar with the matter. According to the report, DTCC is in the early stages of evaluating whether to launch […] The post World’s largest financial clearinghouse DTCC eyeing stablecoin launch appeared first on CryptoSlate.

Mobile soccer game FIFA Rivals launched on Thursday, pairing the "beautiful game" with blockchain on iOS and Android.