Crypto

Ethereum futures positioning continues to show signs of overcrowding, which means that the recent price declines could extend if leverage doesn't reset.

Trump Media and Technology Group announced plans to repurchase up to $400 million worth of its own shares while leaving intact the $2.3 billion it has earmarked for building a substantial Bitcoin (BTC) reserve. The board of directors authorized the buyback plan as a show of confidence in the company’s stock and future growth strategy, […] The post TMTG reaffirms Bitcoin commitment amid $400M share buyback plan appeared first on CryptoSlate.

A group led by ex-Coral Capital executives has outlined plans to rebrand a Nasdaq-listed shell as Build & Build Corporation, raise $100 million and allocate the funds to BNB, making it the first public firm to adopt Binance’s exchange token as a treasury asset amid rising interest in utility coins. The post $100 Million BNB Bet: Nasdaq Company Mirrors MicroStrategy’s Playbook in Bold Treasury Move appeared first on Cryptonews.

The company’s CEO described the stock tokenization as a “DeFi Lego block,” suggesting it serves as a foundational piece for decentralized finance adoption. Update (June 23, 2025 at 10:02 PM UTC): This article has been updated to state that Backed created the xStocks platform. DeFi Development Corp., a Solana treasury company formerly known as Janover, announced plans to tokenize its shares through a partnership with crypto exchange Kraken. According to a Monday announcement, the company will use xStocks, a tokenization platform created by Backed, to bring its shares onchain. Kraken announced a partnership with xStocks in May, promising to offer investors tokenized shares of US-listed companies such as Apple, Tesla and Nvidia to users in other regions. The platform is built on the Solana blockchain. Read more

Canaan has exited the AI chip market after costly misalignment with its goals, freeing resources for core Bitcoin-mining hardware. It has completed a US pilot production run of rigs to serve North American clients faster while monitoring tariffs and costs for future scaling. The post Bitcoin ASIC Manufacturer Canaan Drops AI Chips, Bets Big on U.S. Bitcoin Mining – Here’s Why appeared first on Cryptonews.

The total value of liquidated positions is well above $400 million on a daily scale.

The token has potentially found strong support between the $3.87-$3.89 zone with high-volume buying validation.

The Lone Star State appears as if it will be the first in the U.S. to hold bitcoin.

[PRESS RELEASE – London, United Kingdom, June 23rd, 2025] The GSR Foundation has announced its latest initiative as an Institutional Impact Staker by supporting Mercy Corps Ventures through the Lido Impact Staking mechanism. This partnership marks a significant step forward in the evolution of philanthropic finance, enabling capital preservation while unlocking sustained funding for high-impact […]

Texas Governor Greg Abbott signed the “Bitcoin Reserve Bill” SB 21 into law on June 21, allowing the state to invest an unlimited amount of money from the state’s fund into Bitcoin (BTC). SB 21 creates the Texas Strategic Bitcoin Reserve and lets the Comptroller buy BTC so long as the asset’s market cap exceeds […] The post Texas could potentially invest up to $2.1B in Bitcoin if it allocates 10% of its treasury fund appeared first on CryptoSlate.

Bitcoin bulls proved they are ready to buy dips to $100,000 and below. Which altcoins will follow? Key points: Bitcoin’s bounce from $100,000 shows buyers are committed to the overarching bull trend. Select altcoins have broken below respective support levels, suggesting further weakness for mid-caps in the near term. Read more

Circle stock soared above $298 amid geopolitical chaos as the USDC issuer's market cap eclipsed its own stablecoin for the first time.

Meme coins defy macro chaos with explosive gains as Bitcoin and Ethereum trade sideways amid escalating Middle East tensions.

The company’s new license in Europe is bullish, along with the GENIUS Act’s passage, Benchmark analysts said.

Circle’s market capitalization has quickly outpaced the circulating supply of its stablecoin USDC less than a month after the company went public. Data from CryptoSlate shows that USDC’s current circulating supply is approximately $61.27 billion. Meanwhile, Circle’s market capitalization has surged to around $66.9 billion, according to figures from Yahoo Finance. Circle’s rapid valuation climb can […] The post Circle’s post-IPO valuation surges to $66.9 billion, outpaces USDC supply appeared first on CryptoSlate.

The $1.53 billion 3AC’s liquidators say the defunct hedge fund is owed is a steep increase from their initial claim for $120 million.

Hong Kong has introduced a high-bar licensing regime for stablecoin issuers from August 1, mandating controls on reserves, price stability, asset security and AML, aligning oversight with FSB standards, and signaling only a few licences initially. The post Hong Kong Sets High Bar for Stablecoin Issuers Ahead of August Regime Launch appeared first on Cryptonews.

Crypto investors don't seem fazed by the attacks.

President Trump's publicly traded Trump Media and Technology Group is buying back shares—but still plans to buy Bitcoin too.

The digital assets subcommittee in the Senate will hold a Tuesday hearing to discuss a bipartisan effort to establish a crypto market structure. Roughly a week after the US Senate voted to pass the GENIUS Act to regulate payment stablecoins, the chamber is moving to discuss a path forward for a digital asset market structure framework. On Tuesday, lawmakers in the Senate Banking Committee’s digital asset subcommittee will hear from lawyers at Coinbase and Multicoin Capital as part of efforts to establish “bipartisan legislative frameworks for digital asset market structure.” The hearing will include testimony from Coinbase’s vice president of legal, Ryan VanGrack, Multicoin Capital’s general counsel, Greg Xethalis and University of Pennsylvania Wharton School Executive Director,Sarah Hammer. Read more