Crypto

The crypto market is down today, but both BTC and ETH have recorded increases. Analysts argue that Bitcoin is ready to move into its utility phase. The post Why Is Crypto Down Today? – June 26, 2025 appeared first on Cryptonews.

The EU’s joint stablecoin issuance with third countries has risks, but they are manageable under the MiCA framework, the European Commission said. The European Union’s main executive body has taken a soft approach toward stablecoins, contrasting with that of the European Central Bank (ECB) and sparking industry optimism. In response to ECB concerns on potential bank run risks stemming from stablecoin multi-issuance in Europe and third countries, the European Commission (EC) said such risks are “highly unlikely.” A spokesperson for the Commission told Cointelegraph, “Even in the highly unlikely event of a run on a jointly issued token, redemptions by foreign holders would primarily occur in jurisdictions like the US, where most tokens circulate and the bulk of reserves are held.” Read more

South Korean police dismantled fake crypto exchange ring that processed $694.5 million in illegal transactions over six years, seizing $3.2 million in hidden Ethereum. The post South Korean Police Bust Fake Crypto Exchange Ring, Seize $3.2M Worth Of Crypto appeared first on Cryptonews.

Pradeep Bhandari, spokesperson for India’s ruling BJP party, called for a Bitcoin reserve pilot and clarity on the country’s “taxed but unregulated” approach to crypto. The national spokesperson for India’s ruling party called on the country to consider launching a Bitcoin reserve pilot, saying that it would be a strategic step toward economic resilience.  In an article for India Today, Bharatiya Janata Party (BJP) spokesperson Pradeep Bhandari said the US strategic Bitcoin (BTC) reserve and Bhutan’s state-led mining operations signal that global finance is shifting toward crypto.  He added that India, with an expanding renewable energy infrastructure, is positioned to create a sovereign Bitcoin strategy. Read more

Hedera (HBAR) was also an underperformer, declining 3.5% from Wednesday.

Previous LTH/STH surges drove BTC from $28K to $60K and $60K to $100K; the same pattern now appears at $100K, says Adler.

Billions Network has launched its mobile identity app for Android and iOS, offering AI-resistant, privacy-preserving verification using NFC-based document checks and zero-knowledge proofs. Blockchain-based identity layer Billions Network announced the launch of its identity mobile application for both Android and iOS devices. According to a Thursday statement shared with Cointelegraph, Billions Network’s identity system is AI-proof. The announcement follows Polish investor Borys Musielak’s April demonstration of how ChatGPT can generate photos of government-issued IDs likely to pass photo-based Know Your Customer (KYC) checks. “As AI continues to erode trust in traditional verification methods and digital interactions, this launch ensures people can safely and privately enjoy personalized digital experiences,” Evin McMullen, co-founder and CEO of Billions, said. Read more

The Krak app allows users to instantly transact across borders for almost no cost, while earning competitive rewards on their account balances.

Trump’s early Fed replacement plans rattled markets, accelerating dollar losses and sending DXY to its lowest level since April 2022. Key takeaways: Wall Street poured over $1 billion into Bitcoin ETFs this week amid rising bets on Fed rate cuts and a weakening US dollar. Trump’s early Fed replacement plans intensified dollar selloffs, pushing DXY to its lowest since April 2022. Read more

The company intends to buy a basket of tokens, including bitcoin, ether and sol.

A new collaboration between P2P.org and Ton Whales will allow Telegram users to earn rewards, starting with less than $30 worth of TON.

Bitget recently emerged as liquidity leader for top altcoins at smaller depth ranges, outpacing Binance and Coinbase, according to CoinGecko.

The teams behind the two controversial projects continue to cash out.

The privacy-focused stablecoin contract uses the Aztec Network to combine encrypted transfers with issuer-controlled compliance.

The new offering embeds into popular payroll platforms and allows employers to pay workers in USDC, RLUSD and USDG globally.

Despite on-chain buy signals, Bitcoin may face downside risk as macro headwinds and liquidity issues mount across derivative markets.

Knowing how to read a stablecoin attestation report isn’t just a skill; it’s your first line of defense when verifying what’s backing your stablecoins. Stablecoin attestation reports provide third-party verification that each token is backed by real-world assets like cash and US Treasurys. Attestation ≠ audit: Attestations are point-in-time checks, not deep financial audits, so users should still perform broader due diligence. Not all tokens are redeemable. Time-locked, test or frozen tokens are excluded from reserve calculations to reflect only actively circulating coins. Read more

The concept of integrating crypto wallets into chatbots for DeFi access and AI-driven trade execution is relatively new, industry observers say. Cryptocurrency wallets are set for a new integration with artificial intelligence chatbot functionality through an AI terminal launched by the decentralized finance and AI (DeFAI) layer, Edwin. Edwin, an AI interface layer for DeFi launched in early 2025, is publicly rolling out its AI terminal, which aims to make access to crypto and DeFi “as easy as chatting,” according to an announcement shared with Cointelegraph on Thursday. The terminal allows users to directly connect their browser wallets like Phantom or MetaMask to provide real-time wallet context and suggest or even execute DeFi trades. Read more

A flaw in ResupplyFi’s contract allowed an attacker to manipulate token prices and drain $9.6 million from its wstUSR market. Decentralized finance (DeFi) protocol Resupply confirmed a security breach in its wstUSR market, which led to about $9.6 million in crypto losses.  Blockchain security firm Cyvers said on Thursday that the exploit was triggered by a price manipulation attack involving the protocol’s integration with a synthetic stablecoin called cvcrvUSD.  Meir Dolev, Cyvers’ co-founder and chief technology officer, told Cointelegraph that the attacker exploited a price manipulation bug in the ResupplyPair contract. “By inflating the share price, they borrowed $10 million reUSD using minimal collateral,” Dolev said.  Read more

“These plaintiffs made the wrong arguments,” Judge Chhabria wrote, as he ruled Meta’s AI training on their copyrighted books was fair use.