Crypto

The US Senate voted to pass the GENIUS Act, a bill regulating stablecoins, but observers believe lawmakers may have ignored stability concerns in Treasury markets. The US crypto industry is celebrating as the GENIUS Act, a framework for stablecoin regulation, was passed in the US Senate on June 17. The bill passed 68-30 in a bipartisan effort, roughly six weeks after Tennessee Senator Bill Hagerty introduced it to the Senate. It will now head to the House of Representatives, where Congress must reconcile it with the House’s own STABLE Act, which also seeks to regulate stablecoins. The act holds a number of provisions, from rules for issuers, Anti-Money Laundering measures and mandatory 1:1 backing of stablecoins with reserves like US dollars and short-term Treasury securities. Read more

The Nobitex breach was caused by “access control failures,” and the stolen funds remain untouched, a security expert told Decrypt.

Bitcoin purists are sounding the alarm as Wall Street suits pile into their beloved ecosystem. But who’s set to change: Bitcoin or TradFi? At a recent Bitcoin conference in Las Vegas, there were so many government and TradFi attendees that Bitcoin purists are starting to worry theyre losing their peer-to-peer digital cash system to the suits. From BlackRocks initial move for a spot Bitcoin exchange-traded fund in the summer of 2023 to US President Donald Trumps embrace of crypto, all signs indicate the institutions are finally here. The years of Bitcoiners clamoring for institutional investors and pursuing price appreciation more proactively than privacy, self-custody, and other cypherpunk ideals have led to Bitcoin rapidly becoming just another TradFi instrument, Cake Wallet vice president Seth For Privacy tells Magazine. Read more

Compute Labs’ tokens offer fractionalized ownership of industrial-grade NVIDIA H200 GPUs, which would retail at around $30,000 for a single unit.

Despite price volatility, NEAR's growing user base of 46 million shows adoption beyond speculation.

Stablecoins could find uses beyond that of a crypto trading pair after the U.S. Senate passed the GENIUS Act, the report said.

As Pi Network prepares for its June 28 mainnet migration, several users are facing KYC failures and wallet errors, raising concerns about the platform’s readiness for open blockchain adoption. As Pi Network prepares for its next mainnet migration wave on June 28, 2025, users are reporting a cascade of issues that threaten to derail the long-anticipated upgrade.  The Pi coin migration process, designed to move tokens from the mobile app to the open Pi blockchain, is hitting major snags. Thousands of users are encountering Know Your Customer (KYC) issues, two-factor authorization (2FA) problems and wallet balance errors, even after successfully completing every step. Read more

Skybridge Capital founder Anthony Scaramucci isn't buying BTC treasury hype. “It will become out of fashion and it’ll hurt Bitcoin," he said.

Crypto.com and Deribit will soon accept BlackRock’s BUIDL fund, a tokenized money market fund backed by U.S. Treasurys, as collateral on their exchanges. The post BlackRock’s BUIDL Fund to Become Accepted as Collateral on Crypto.com and Deribit appeared first on Cryptonews.

Despite market turbulence from Israel-Iran conflict, ETH shows resilience with accumulation patterns suggesting potential upward momentum.

Tokenized real-world assets such as U.S. Treasuries are being increasingly used as collateral on crypto trading venues.

After multiple failed attempts to break above the $108K resistance, Bitcoin is consolidating within a tightening range, showing signs of distribution. The market is caught between two liquidity zones: the buy-side above $108K and the sell-side beneath $100K, while the price slowly gravitates toward the lower boundary. Momentum has weakened as seen in the RSI […]

Norwegian crypto broker K33 is raising at least 85 million Swedish krona ($8.9 million) through a share issue for its plan to purchase up to 1,000 Bitcoin for its treasury. Norwegian crypto firm K33 said Wednesday it plans to raise a minimum of 85 million Swedish krona ($8.9 million) through a share issue for its plan to purchase up to 1,000 Bitcoin for its company reserves. According to its announcement, K33 has appointed Pareto Securities as its manager and bookrunner for the share issue. The subscription price per share is $0.011. K33 expects to issue at least 820 million shares. “The net proceeds from the Directed Share Issue will be used to buy Bitcoin […] to hold on the balance sheet,” the company said. The move follows K33’s earlier announcement that it secured financing to acquire up to 57 Bitcoin (BTC) in late May. Read more

Decentralized AI blockchain OpenLedger and Blockchain at Berkeley give direct ownership over AI models to students building them, turning passive observers into "active architects." The post OpenLedger and UC Berkeley Give Students Direct Ownership in Building Decentralized AI appeared first on Cryptonews.

Russian prosecutors have closed a massive illegal crypto mining farm on state land. The post Russian Authorities Bust Massive $700K-a-Year Illegal Crypto Mining Farm Hidden as Industrial Plant appeared first on Cryptonews.

Nasdaq-listed Eyenovia has become the first US publicly traded company to establish a dedicated HYPE treasury reserve, raising $50 million through private placement to accumulate over 1 million tokens of Hyperliquid's native cryptocurrency, triggering a massive 134.68% surge in the company's stock price. The post Nasdaq-Listed Eyenovia Raises $50M to Build First US Public Company HYPE Treasury – $100 Target Realistic? appeared first on Cryptonews.

Telegram mini-games reached a zenith in 2024, but the TON blockchain still averages over 2.1 million active wallets. Pudgy Penguins is launching a skill-based Web3 game called Pengu Clash for The Open Network (TON) blockchain, joining the competitive mini-game space. According to Pudgy Penguins, the game will operate under a play-to-win model, allowing players to compete and be rewarded for game mastery rather than speculation. “Play-to-win, in essence, is a skill-based game,” Pudgy Penguins CEO Luca Netz told Cointelegraph. “Users wager against one another vs play-to-earn, [in which] you’re earning tradable currency that the game provides. This is a user-vs-user-based system.” The game will feature modes with different rules and objectives, supported by Elympics infrastructure to enable skill-based challenges and a multiplayer experience. Read more

3iQ’s new XRP ETF, backed by Ripple, begins trading on the Toronto Stock Exchange with zero management fees for the first six months. Canadian asset manager 3iQ launched a new XRP-focused ETF for North American users. The 3iQ XRP ETF (XRPQ) began trading today on the Toronto Stock Exchange (TSX), offering investors direct exposure to the fourth-largest digital asset by market cap. Ripple, the blockchain company behind the XRP Ledger and the XRP (XRP) cryptocurrency, is an early investor in the fund, 3iQ said in a Wednesday announcement. To mark the occasion, the 3iQ team will ring the TSX’s closing bell this afternoon. The ETF debuts with a six-month 0% management fee. It invests exclusively in long-term XRP positions acquired from reputable exchanges and OTC platforms, with all holdings kept in cold storage, per the announcement. Read more

The GENIUS Act is one step closer to becoming law in a development that may make stablecoin issuers key players in the US economy. Stablecoin adoption among United States banks and financial institutions may accelerate following the passage of new legislation in the Senate. The Guiding and Establishing National Innovation for US Stablecoins, or GENIUS Act passed the US Senate in a 68–30 Tuesday vote, Cointelegraph reported. The bill aims to set clear rules for stablecoin collateralization and mandate compliance with Anti-Money Laundering laws. It will now advance to the House. The Senate vote sends a “strong positive signal to institutions” that brings the bill one step closer to becoming law, according to Katalin Tischhauser, head of investment research at digital asset bank Sygnum. Read more

Norwegian digital asset firm K33 has launched a directed share issue aimed at raising $9 million, with proceeds earmarked for Bitcoin purchases The post Norway’s K33 Plans $9M Raise to Buy Bitcoin, Targeting 1,000 BTC Treasury Milestone appeared first on Cryptonews.