Crypto

Ubyx, a startup aiming to standardize stablecoin redemption at face value, raised $10 million in seed funding led by Galaxy Ventures to launch in Q4 2025. Ubyx, a new stablecoin clearing platform that aims to jumpstart stablecoin adoption by enabling redemption at face value, has closed a $10 million seed funding round backed by several major crypto investors. The funding round was led by Galaxy Ventures, with participation from Coinbase Ventures, Founders Fund, VanEck, Paxos and others, according to a Tuesday announcement. The startup plans to launch its platform in the fourth quarter of 2025. The service will allow regulated banks and fintechs to redeem stablecoins directly for fiat at par value, aiming to reduce friction in stablecoin usage and encourage broader adoption. Read more

VC giant a16z crypto has bought an additional $70 million in restaking protocol EigenLayer’s EIGEN tokens, while the project today introduced EigenCloud, its novel developer platform. The post a16z Invests $70 Million in EigenLayer, EigenCloud Revealed appeared first on Cryptonews.

Flare Network’s bridging technology and FAssets are bringing institutional and retail XRP holders into DeFi, tapping a massive pool of idle liquidity. Despite its massive popularity, XRP has remained largely absent from decentralized finance (DeFi) because of the technical limitations of the XRP Ledger (XRPL). XRPFi, a DeFi ecosystem centered on XRP (XRP), aims to narrow that gap. It leverages Flare Network’s bridging and smart contract technology to bring XRP into the realm of programmable finance. Flare Network, a full-stack layer-1 blockchain designed for data-intensive applications, serves as a crucial bridge connecting non-smart-contract assets like XRP to the DeFi ecosystem.  Read more

Trading platform Uphold, which holds 1.8 billion XRP, is looking to integrate FXRP. Separately, NASDAQ-listed VivoPower has committed $100 million in XRP for deployment on the Flare network.

Over 28% of the total Ether supply is now staked, signaling that many investors are gearing up to hold their assets for the long term. The supply of staked Ether reached an all-time high this week, signaling growing investor confidence and a squeeze on the liquid supply of the world’s second-largest cryptocurrency. Over 35 million Ether (ETH) coins are now staked under the Ethereum blockchain’s proof-of-stake consensus model, according to data from Dune Analytics. Over 28.3% of the total Ether supply is now locked into smart contracts and is unsellable for a pre-determined time in exchange for generating passive income for investors. Read more

James Wynn’s $100-million Bitcoin liquidation shocked the crypto world. The way he used leverage is astounding, though his later losses also exposed associated market risks. In the volatile arena of cryptocurrency trading, the saga of James Wynn, a trader on the decentralized exchange (DEX) Hyperliquid, illustrates both the excitement and risks associated with it.  In late May 2025, Wynn suffered nearly $100 million in liquidations after Bitcoin (BTC) dropped below $105,000. His bold leveraged bets collapsed swiftly, erasing a vast fortune. Bitcoin’s extreme volatility, oscillating between soaring peaks and steep declines, underscores the promise and risk of high leverage.  Read more

DOGE and SHIB might be down in the past week, but check out which meme coin made the headlines.

Tokenization specialist Global Settlement said the deal marks the first fully tokenized capital stack for an operational energy asset.

The hacker could only swap $25,000 worth of the token due to low liquidity.

The facility grants the company the right to issue and sell new shares pending regulatory conditions.

Tron’s reverse merger will test whether a company can treat its own crypto as collateral without collapsing under the risk. Justin Sun’s Tron is about to challenge what Wall Street considers a legitimate corporate asset, and if it fails under pressure, the fallout could ripple far beyond the company itself. On June 16, toy maker SRM Entertainment announced it will rebrand as Tron Inc and adopt a treasury strategy centered on TRX (TRX), the native cryptocurrency of the Tron blockchain.  The move — widely defined as a reverse merger — is backed by a $100-million private investment, potentially rising to $210 million if warrants are fully exercised. Tron founder Sun will serve as an adviser. Read more

Barron Trump may have secured one of the most profitable windfalls among presidential relatives, thanks to his father’s crypto venture. The post Did Barron Trump Really Pocket $40M from His Dad’s Crypto Scheme? appeared first on Cryptonews.

Bitcoin price remains stuck below $110,000 ahead of the FOMC, with big overhead resistance at $112,000 in place and several key support levels below. Key takeaways: Fed interest-rate cut odds this week are now less than 0.1%. BTC price may drop as low as $92,000 if key support levels are broken. Read more

Internet Computer (ICP) and NEAR Protocol (NEAR) saw the sharpest declines, falling 7.6% and 7.2% respectively.

The question of RWA backing is not primarily a technology question but is subject to other considerations, industry executives say. The real-world asset (RWA) market has emerged as one of the key trends in the cryptocurrency industry in 2025, with companies increasingly jumping on the tokenization bandwagon. Although some studies pointed to a massive 260% increase of RWAs this year, some industry executives have questioned the magnitude of the reported market size, arguing that the sector is still too nascent and relatively small. Industry executives told Cointelegraph that slow adoption may stem from outdated regulations, limited access and widespread misunderstandings of how tokenized assets are backed. Read more

With the Fed's decision looming over the markets, how will Bitcoin react tomorrow?

Ethereum is seeing its most aggressive whale accumulation in seven years, raising speculations about what comes next for the world’s second-largest cryptocurrency. The post Ethereum Whale Accumulation Hits 7-Year High with 871K ETH Surge — What’s Next for ETH Price? appeared first on Cryptonews.

Thailand’s crypto income tax waiver applies to crypto sales made through licensed crypto asset service providers from 2025 to late 2029. Thailand has approved tax exemptions on income from the sale of cryptocurrencies like Bitcoin for five years, according to a Ministry of Finance announcement. Thailand will waive the capital gains tax on crypto sales made through licensed crypto asset service providers in the period from Jan. 1, 2025, to Dec. 31, 2029, Deputy Finance Minister Julapun Amornvivat said in a statement issued on Tuesday. According to the minister, the measure is designed to strengthen Thailand’s position as a global financial hub and one of the first countries to adopt laws for digital assets and their taxation. Read more

Chief United States Bankruptcy Judge Martin Glenn has officially denied former Celsius CEO Alex Mashinsky any claim to bankruptcy proceeds from the defunct crypto lender, with the June 16, 2025 court order formally disallowing all claims submitted by Mashinsky and his associated entities. The post Judge Denies Alex Mashinsky Any Celsius Bankruptcy Payout – Creditors Win appeared first on Cryptonews.

EigenLayer has secured $70 million for a platform that enables blockchain-grade verification for off-chain apps in AI, finance, and beyond.