Crypto

The Tuesday notices will push the SEC's deadline to approve or disapprove of the ETFs to late July, though it could be delayed further at that time. The US Securities and Exchange Commission (SEC) has opened public comments for two proposed cryptocurrency exchange-traded funds, or ETFs, from asset manager Franklin Templeton to be listed on the Chicago Board Options BZX Exchange. In separate filings on Tuesday, the SEC said it was instituting proceedings that could allow the US exchange to list and trade shares of the Franklin XRP ETF and Franklin Solana ETF. The Cboe BZX Exchange filed for a proposed rule change with the SEC in March to allow for approval of the investment vehicle, which the regulator delayed in April, pushing its deadline for a decision until Tuesday. “Institution of proceedings does not indicate that the Commission has reached any conclusions with respect to any of the issues involved,” said the SEC in both filings. “Rather, the Commission seeks and encourages interested persons to provide ...

Pump.fun has sold millions of SOL for $741M while only 293 of 13.55 M wallets have exceeded $1M in gains. The Solana memecoin launchpad now faces backlash over alleged scam activity and harmful livestreams as X suspends its account ahead of a planned $1B token issuance at a $4B valuation. The post Pump.fun Accused of ‘Stealing’ $741M in Fees as Critics Call Platform a ‘Disease’ appeared first on Cryptonews.

Bitcoin (BTC) continued its pullback on June 17, sliding over 4% amid renewed military and political friction between Israel and Iran. The flagship crypto fell to an intraday low of $103,300 before bulls stepped in to steady the price and push it back above $104,000, As of press time, Bitcoin was trading at $104,439, down roughly […] The post Bitcoin’s slide below $104k liquidates over $500M as war tensions escalate appeared first on CryptoSlate.

Ethereum layer-2 growth and $830 million in spot ETH ETF inflows show investors’ true feelings even as the wider crypto market crumbles. Key takeaways: ETH holds $2,400 in support despite a 15% price drop and $277 million in liquidations. Layer-2 network growth and spot ETH ETF inflows sustain investors’ confidence in Ether. Read more

Coinbase has sought a regulatory green light to trade tokenized equities on blockchain, asking the SEC for no-action relief that would let customers swap digital tokens reflecting U.S. stocks around the clock. Approval would place the crypto exchange in direct competition with firms like Robinhood.gh blockchain technology. The post Coinbase Pushes SEC for Permission to Trade Blockchain-Based Stocks: Reuters appeared first on Cryptonews.

Coinbase wants to offer stocks that trade on blockchains, according to an interview with the exchange's legal chief.

The publicly traded Bitcoin financial services firm plans to issue and sell shares of its stock, largely to add more Bitcoin to its corporate treasury. 

JPMorgan will pilot a dollar-denominated deposit token called JPMD on Coinbase’s Base blockchain within days, global blockchain division co-head Naveen Mallela said in an interview with Bloomberg News on June 17.  The test will transfer a fixed amount of JPMD from the bank’s digital wallet to Coinbase, making the token available to selected institutional users […] The post JPMorgan pilots tokenized deposit token on Base, targeting instant dollar transfers appeared first on CryptoSlate.

The Ink Foundation will debut a native token for Kraken's Ethereum layer-2 network. Here's what we know so far.

The bank’s JPMD is a permissioned USD deposit token enabling J.P. Morgan institutional clients to move money 24/7 on-chain.

Once the pilot phase ends, Coinbase’s institutional clients can begin using JPMD for transactions. JPMorgan Chase’s foray into the blockchain ecosystem continues, with the financial institution choosing the Base network to pilot its newly launched deposit token, JPMD.  The pilot program was confirmed by Naveen Mallela, an executive at JPMorgan’s blockchain division, Kinexys, who told Bloomberg that a fixed amount of JPMD tokens will be transferred to crypto exchange Coinbase in the coming days. The transfer will be facilitated through Coinbase’s layer-2 blockchain, Base, which launched in 2023 and currently has the largest market share among Ethereum layer-2s, according to CoinGecko.  Read more

The move could pit the crypto exchange against Robinhood and Schwab.

Nailwal had previously said that Polygon zkEVM's deprecation stems from changing priorities and the product's failure to maintain a meaningful strategic role within the ecosystem.

Treasury Secretary Scott Bessent stated on June 17 that stablecoins could cut federal borrowing costs and slow debt growth if Congress sends the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act to the president.  In an X post, he pointed to research projecting a $3.7 trillion stablecoin market by 2030 and argued that […] The post Treasury Secretary Bessent says stablecoins are debt relief engine as Senate readies to vote on GENIUS Act appeared first on CryptoSlate.

New figures from CryptoQuant show Binance has maintained dominance in altcoin deposits, logging up to 59,000 inflows during the late-2024 rally and averaging 13,000 since, while also leading USDT and USDC transfers on Ethereum and TRON ahead of Coinbase and others. The post Binance Leads in Altcoin and Stablecoin Deposits Across ETH and TRON: CryptoQuant appeared first on Cryptonews.

After clearing a key procedural vote, the GENIUS Act faces a final decision in the Senate before moving to the House of Representatives. The Guiding and Establishing National Innovation for US Stablecoins Act, known as the GENIUS Act, now faces a key vote in the United States Congress, and the stakes for the cryptocurrency industry are high. If the US Senate passes the GENIUS Act on Tuesday, it would mark a significant step toward establishing a regulatory framework for stablecoins, delivering a potential win to both the crypto industry and the Trump administration, which is endorsing the bill. Approval in the Senate would send the legislation to the House for further consideration. The Senate voted 68-30 to advance the bill on June 11, opening the GENIUS Act up to amendments before a final vote. Several Democrats joined a majority of Republicans to win the cloture vote. Read more

JP Morgan is officially launching its own cryptocurrency, the JPMD token, per reports.

The US Securities and Exchange Commission is using all tricks up its sleeve before making a decision on the spot XRP ETF.

Bitcoin, Ethereum, and other coins are down after President Trump threatens to have Iran's leader assassinated.

Ethereum has slipped 3% to $2,555 yet has maintained its month-long range as whales bought nearly 800,000 ETH a day, and ETFs have absorbed $21 million in a single session. Analysts note a golden cross has emerged and believe holding the 50-day average could open a pathway to $3,000 and beyond. The post Ethereum Whales Snap Up 871K ETH; BlackRock and Fidelity Bets Indicate Imminent $3K Breakout appeared first on Cryptonews.