Crypto

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.

Deputy Finance Minister Julapun Amornvivat said Thailand aims to become “one of the world’s financial hubs” with its crypto tax exemption.

Gemini flagged a whistleblower tied to fraud who may still receive a $1.5 million award, despite an arbitrator ruling he lied to regulators.

OpenAI CEO Sam Altman said Tuesday Facebook parent Meta is attempting to woo his employees with limited success.

Chinese e-commerce giant JD.com says it could cut cross-border settlement costs as it plans to acquire stablecoin licenses

An international law enforcement effort has dismantled one of the world’s largest and longest-running criminal marketplaces on the darknet, arresting its suspected German operator in Spain and seizing millions in illicit assets, according to a June 16 press release. The takedown, coordinated by the Frankfurt Public Prosecutor’s Office, Germany’s Federal Criminal Police Office (BKA), the […] The post US DOJ, Europol seize world’s largest dark web drug market operating via Monero appeared first on CryptoSlate.

A new $200 million contract with the Department of Defense puts OpenAI ahead in the race to bring AI to government.

"Every action is powered by ether," Etherealize's founder, Vivek Raman, argues as institutional adoption of Ethereum accelerates amid the stablecoin boom.