Crypto

Coinbase launched wrapped tokens for Cardano (cbADA) and Litecoin (cbLTC) on its Base layer-2 network, the exchange said in a June 25 post.  Each synthetic token is backed 1:1 by the underlying asset held in Coinbase custody, and proof-of-reserves pages list the on-chain addresses securing the collateral. The transparency pages already show 11,364 LTC and […] The post Coinbase launches Cardano and Litecoin wrapped tokens cbADA, cbLTC on Base appeared first on CryptoSlate.

Bitcoin bulls appear poised to win the upcoming $20 billion options expiry, raising the chances for a rally to $110,000. Key takeaway: Bitcoin bulls aim to secure the $105K support as $20B in monthly options expire on Friday. Bitcoin (BTC) traders are closely watching the $20 billion monthly options expiry set for Friday. Although Bitcoin is down 1.5% over the past 30 days, traders who used options to hedge against downside risk were already bracing for a steeper decline. Read more

SharpLink Gaming acquired 12,207 ETH for $30.6 million, becoming the world's largest public Ethereum holder with 188,478 ETH worth approximately $457 million. The post SharpLink Gaming Doubles Down on ETH with $30.6M Buy, Becomes World’s Largest Public Holder appeared first on Cryptonews.

The EU plans to announce the elimination of a barrier that prevented dollar-backed stablecoins from flooding the bloc, per a new report.

The move comes as a debate is unfolding in the UK on whether users should be allowed to buy cryptocurrencies with credit cards. United Kingdom-based bank Barclays will begin blocking crypto transactions made through its Barclaycard credit cards starting Friday, citing risks associated with cryptocurrencies volatility. According to the bank's website, the decision was based on concerns over volatile token prices and the lack of regulatory guardrails for investors. “We’re doing this because a fall in the price of crypto assets could lead to customers finding themselves in debt they can’t afford to repay,” said Barclays, adding that: A Barclays spokesperson declined to further comment on the decision. Read more

Kalshi has raised$185 million at a valuation of $2 billion, according to a release.

Key Takeaways: IMF’s Bo Li said regulatory uncertainty around stablecoins persists, especially regarding classification and enforcement. Global financial bodies are working to align frameworks but remain in early stages. Policy inconsistencies may drive firms toward jurisdictions with less oversight. The International Monetary Fund (IMF) continues to flag regulatory uncertainty around stablecoin, according to remarks by […] The post Stablecoin Regulation Still Faces Key Unresolved Questions, Says IMF appeared first on Cryptonews.

Lending protocol zkLend stated in a June 25 post on X that it will wind down its operations and direct its remaining $200,000 treasury to a fund for users affected by a February security breach.  The team said the exploit “deeply eroded user confidence” and ZEND’s delisting from Bybit and KuCoin amplified the negative sentiment […] The post zkLend shuts down amid exploit fallout and delistings, remaining $200k redirected to users appeared first on CryptoSlate.

From robotic pets and digital currencies to virtual reality, some of the biggest innovations were once considered failures. Before they were in every home, some of the most essential gadgets of today were technological punchlines, too weird, too early, too expensive or just plain bad.  In the ’90s and early 2000s, inventors and engineers dreamed big, but consumer tech often struggled to deliver on its promise.  Whether it was a robotic pet that couldn’t love you back, a vacuum that kept slamming into furniture or a digital currency no one could figure out how to use, many of these innovations failed hard. Read more

Bitcoin price continues moving higher as a ceasefire between Iran and Israel holds and traders anticipate a round of interest rate cuts from the US Federal Reserve. Key points: Bitcoin’s relief rally rose above $108,000, but the bulls may struggle to push and sustain the price above the all-time high of $111,980. Several major altcoins have bounced off their recent lows but are not finding buyers at higher levels. Read more

Bitcoin Cash breaks key resistance amid renewed demand while Cardano tests critical support levels in sideways market conditions.

UK web company's Bitcoin strategy delivers 6,400% stock gains, sparking copycat wave as CEO claims "most successful IPO in UK history."

The deal secures 4.875% in five-year debt with a 44% conversion premium.

In a Wednesday status conference, the judge overseeing the Terraform Labs co-founder’s case reportedly said he was “mindful of the GENIUS Act.” Terraform Labs co-founder Do Kwon, facing criminal charges in US federal court, could see a change in his indictment based on bills currently moving through the US Congress. According to reporting from Inner City Press, Kwon’s lawyers and prosecutors met for a status conference before Judge Paul Engelmayer in the US District Court for the Southern District of New York on Wednesday. The judge reportedly said he was “mindful of the GENIUS Act,” suggesting that it could impact Kwon’s charges on securities fraud.   The GENIUS Act, or the Guiding and Establishing National Innovation for US Stablecoins, passed the US Senate on June 17, but still faces a possible vote in the House of Representatives before US President Donald Trump decides whether to sign the bill into law. The legislation, targeting regulations for payment stablecoins, could affect Kwon’s charges related to...

Lumia, a blockchain platform focused on real-world asset (RWA) tokenization, is rolling out a new cross-chain model through a strategic integration with Avail Stack, according to a statement shared with CryptoSlate. The partnership aims to improve how tokenized assets are created, verified, and moved across different blockchain networks. Through this integration, Lumia will access Avail’s […] The post Lumia and Avail team up for secure, scalable real-world asset tokenization appeared first on CryptoSlate.

A sharp drop in BTC inflows to Binance could play a role in Bitcoin possibly rallying to $120,000. Key takeaways:  Bitcoin inflows on Binance have dropped to 5,147 BTC, less than half of previous bear market levels, despite BTC trading above $105,000, signaling a possible decline in short-term selling pressure. Bitcoin has reclaimed its 50-day EMA, historically a signal for breakout rallies. Technical indicators, including rising spot CVD, point to strong spot demand and potential upside toward $120,000. Read more

After dropping crypto in 2023, SoFi is getting back in the game with Bitcoin and Ethereum trading, stablecoins, lending, and beyond.

The analysts set a price target of $510, writing that the share price could also benefit from the company's varied initiatives and dominant market position.

The Ethereum community must avoid getting distracted by price movements, governance drama, or competing narratives and unite around their common mission: building credibly neutral infrastructure that serves humanity's needs, says Nick Johnson, Co-Founder and Lead Developer of Ethereum Name Service.

Cointelegraph investigates how public companies are fueling Bitcoin’s rise with a high-stakes strategy that could supercharge the bull run or trigger the next crash. They’re being called “infinite money machines” by some, and “a ticking time bomb” by others. Welcome to the world of Bitcoin treasury companies, publicly traded firms that are rewriting the rules of corporate finance by converting capital into Bitcoin. These companies are leveraging gains to boost their stock price, and using momentum to buy even more Bitcoin (BTC). It’s a cycle that, so far, has been wildly profitable. At the heart of this movement is Strategy — formerly MicroStrategy — which holds more than 590,000 BTC valued at over $60 billion. The company has become one of the most prominent corporate holders of Bitcoin. And it’s not alone. Over 130 companies have added the cryptocurrency to their balance sheets, and the number keeps growing. Read more