Crypto

Wall Street Journal reported that the retail giants are exploring digital currencies to bypass card fees and banks.

Under Pompliano’s leadership, ProCapBTC would reportedly seek to raise $750 million in equity and convertible debt as part of a merger with Columbus Circle Capital 1. Cryptocurrency entrepreneur Anthony Pompliano is reportedly in talks to launch a new Bitcoin-buying vehicle that will seek to raise $750 million. Pompliano is expected to become CEO of ProCapBTC, a Special Purpose Acquisition Company (SPAC) that is set to merge with the publicly traded blank cheque vehicle Columbus Circle Capital 1, the Financial Times reported on Friday. Under Pompliano’s leadership, which is still under discussion, ProCapBTC would seek to raise $500 million in equity and $250 million in convertible debt as part of a merger with Columbus Circle Capital 1, backed by the Cohen & Company investment bank. Read more

The political mastermind joins Trump's ex-campaign manager at Coinbase as the crypto firm deepens its bipartisan strategy.

Retail giants Walmart and Amazon are reportedly evaluating digital currencies to streamline e‑commerce and boost cross‑border transactions. Update June 13, 10:30 am UTC: This article has been updated to include a section on the GENIUS Act. Walmart and Amazon are reportedly mulling plans to issue their own US dollar-backed stablecoins for customers, signaling wider institutional stablecoin adoption amid improving regulatory clarity in the United States. The two retail giants are mulling the development of brand-specific stablecoins, according to people familiar with the matter, The Wall Street Journal reported on Friday. Read more

The deal values data-labeling startup Scale AI at $29 billion, as Meta aims to catch up with rivals such as OpenAI and Google.

Polkadot’s community is split over a proposal to convert 500,000 DOT tokens into tBTC using a year-long DCA strategy amid market volatility. A Polkadot governance proposal to convert 500,000 DOT tokens to Threshold Bitcoin (tBTC) for diversification and long-term stability has received mixed reactions from community members. While some see Bitcoin (BTC) as a hedge against market uncertainty, others remain skeptical about the timing amid all-time high BTC prices. In early June, pseudonymous Polkadot community member hippiestank proposed the creation of an initial Bitcoin strategic reserve over the course of one year. Upon consensus from the community, the proposal would sell 500,000 Polkadot (DOT) tokens and reinvest them into BTC using a dollar-cost averaging (DCA) strategy. Read more

Bitcoin Bollinger Bands analysis leads to potentially grim conclusions about the fate of the BTC price rebound, which began at sub-$75,000 lows in April. Key points: BTC price action has rejected from the upper Bollinger Band several times since April. The metric’s creator now sees the potential for the local uptrend to end altogether. Read more

SWIFT dominates interbank messaging for cross-border transfers. Ripple can compete on its ability to seamlessly to move capital, Brad Garlinghouse said.

The crypto advocate is preparing to lead ProCapBTC in bid to mirror the bitcoin treasury strategy pioneered by Strategy's Michael Saylor, the Financial Times reported.

The joint motion seeks to end all pending appeals and avoid further legal proceedings between the two parties.

Two Chinese victims lost their Bitcoin after a business meeting in Mae Sai district, transferring funds in two separate transactions.

Coinbase has launched a Bitcoin rewards credit card, with possible plans to support multiple tokens over time, Decrypt was told.

Mattel will retain full control of its brands while using AI to develop new products, with the first launch expected later this year.

The joint filing proposes a $50 million payment to the SEC and marks a key step toward settling the years-long legal battle over XRP sales.

The agreement marks one of the first major financial settlements against celebrities who promoted FTX before its spectacular collapse.

The SEC has delayed decisions on crypto ETF proposals, including Dogecoin and HBAR, while seeking further public input.

Multiverse Computing claims its quantum-inspired compression tech can get large AI models like Llama-2 to fit on a smartphone.

Tony G Co-Investment Holdings finalized its largest decentralized finance purchase to date, acquiring 10,387 Hyperliquid tokens valued at over $438,000. This move by the publicly listed company reflects growing institutional recognition of the potential held by the Hyperliquid ecosystem. The post Tony G Buys $438K in Hyperliquid Tokens—Is $HYPE the Next Sol Strategies Play? appeared first on Cryptonews.

During Bitcoin’s climb to a new ATH above $111,000 in late May, a silent but measurable reshuffling has occurred in the market: more BTC is now held on offshore exchanges than on regulated platforms in the US, and volumes are steadily leaking from KYC-compliant venues. Data from CryptoQuant shows that the market embraced institutional inflows […] The post Bitcoin liquidity moves to non-KYC exchanges as US reserves thin appeared first on CryptoSlate.

Bitcoin fell sharply late Thursday after Israel launched strikes on Iran, rattling global markets and sparking a flight from risk assets.