Crypto

Following a damaging protocol vulnerability in May, Sui decentralized exchange Cetus is back online with a compensation plan.

Digital asset infrastructure companies have seen more attention in recent years, with some fundraises in the hundreds of millions of dollars. Turnkey, a crypto infrastructure company founded by former Coinbase Custody builders in 2022, has raised $30 million in a Series B round to create an “open infrastructure layer” for crypto, which the company says will help the industry evolve in a similar way to the internet. Bain Capital Crypto led the round with participation from Sequoia Capital, Galaxy Ventures, Lightspeed Faction, Variant, and Wintermute Ventures. The round brings Turnkey’s total funding to $50 million. Turnkey specializes in providing wallet infrastructure, enabling embedded wallets that “remove the need to rely on phishable seed phrases.” Its clients include prediction market platform Polymarket, NFT marketplace Magic Eden, and Web3 development platform Alchemy. Read more

In an interview with Tucker Carlson, Pavel Durov’s first since being indicted on six charges in 2024, said his company did nothing wrong. Telegram founder Pavel Durov is still trying to figure out why he was detained in France last August, though the motives may have been political and tied to authorities’ efforts to crack down on alleged illicit activity on the messaging platform. That was one of the key takeaways from Durov’s interview with Tucker Carlson, which premiered Tuesday on YouTube.  In his first interview since his Aug. 24, 2024, arrest at Bourget Airport outside Paris, Durov said French authorities appeared primarily interested in how Telegram works — “as if it’s some kind of mystery,” he quipped. Read more

SEC chair Paul Atkins has revealed staff are drafting a conditional exemptive relief scheme—an 'innovation exemption'—to fast-track blockchain products and services. The proposal departs from prior enforcement-led policy and reflects a friendlier stance toward crypto in the United States. The post SEC May Grant Blockchain Industry a Green Light Under “Innovation Exemption” appeared first on Cryptonews.

ProShares Trust and Bitwise each filed preliminary prospectuses with the Securities and Exchange Commission (SEC) on June 6 for exchange-traded funds (ETF) designed to track Circle’s CRCL shares. The ProShares Ultra CRCL ETF is a 2x leveraged product that seeks to deliver twice the daily move in CRCL by utilizing swaps and other derivatives, as […] The post ProShares, Bitwise race to launch CRCL ETFs, targeting August debut amid stock price surge appeared first on CryptoSlate.

Two bills in the US Congress considering stablecoins and a digital asset regulatory framework will reach crucial stages this week after long debates and controversies. US lawmakers on the House Financial Services Committee are expected to meet for a markup hearing on Tuesday to consider a cryptocurrency market structure bill, which could be amended to add protections for blockchain developers. According to a notice released ahead of the hearing, committee chair French Hill introduced an amendment to the Digital Asset Market Clarity Act of 2025, otherwise known as the CLARITY Act, focusing on the “treatment of certain non-controlling blockchain developers.” The amendment proposed that, under the potential market structure law, certain blockchain developers or service providers would not be considered money transmitters or subject to their registration requirements. The provision for blockchain developers appeared to originate from the Blockchain Regulatory Certainty Act, legislation spearheaded by Representati...

One analyst characterized bitcoin's recovery from last week's decline as a "peaceful rally," with buyers stepping in to support the uptrend.

Rising futures open interest, robust spot ETH ETF flows, and a bullish technical analysis indicator forecast an Ethereum price rally to $3,000. Key takeaways: Ether futures open interest has surged 40% in 30 days, while the spot ETH ETFs marked four consecutive weeks of inflows. ETH’s Gaussian channel indicator suggests a rally to $3,100 to $3,600 could occur. Read more

Malaysia’s crypto mining has gained from low industrial tariffs and rising institutional interest, according to ACCESS. The group says formal licences could unlock RM700 m in hardware spending, create 4,000 jobs, and yield RM150 m in annual tax, but unchecked power theft has already cost TNB RM441 m.   The post Malaysia’s Crypto Mining to Soar 110% in 2025 as $100 Million Power Theft Persists appeared first on Cryptonews.

BiT Global, a crypto custody firm tied to entrepreneur Justin Sun, has voluntarily dismissed its lawsuit against Coinbase over the delisting of Wrapped Bitcoin (WBTC). The move ends a months-long legal dispute that spotlighted growing tensions between centralized exchanges and token custodians as control over key infrastructure becomes increasingly contested. Filed on June 6 in […] The post BiT Global drops Coinbase lawsuit over wrapped Bitcoin delisting appeared first on CryptoSlate.

Support at $4.84 held through subsequent retests suggesting potential continuation of the uptrend.

Are ICOs back? Stablecoin network Plasma just attracted $500 million worth of deposits for its sale, with one trader paying $100K for an edge.

Tether has indicated that it will release its Mining Operating System via Open-source mining. MOS runs on devices from Raspberry Pi to container farms and supports varied cooling and power setups. The release may narrow the software edge that public miners hold over smaller peers. The post Tether’s Open-Source Mining OS Could Shatter Barriers – Will Public Miners Lose Their Edge? appeared first on Cryptonews.

The South American country is also not starting a strategic BTC reserve. Hackers asked readers to send the asset to a Bitcoin address.

BlackRock’s iShares Bitcoin Trust (IBIT) exchange-traded fund (ETF) crossed $70 billion in assets under management (AUM) on June 6, being the fastest to reach this mark in just 341 trading days.  Bloomberg ETF analyst Eric Balchunas reported the milestone on X, noting that the fund beat the previous speed record of 1,691 days set by […] The post BlackRock’s IBIT rockets to $70B in 341 days, 5x faster than previous record appeared first on CryptoSlate.

Bitcoin’s correlation to stocks and uncertainty about the future of the US economy could cap BTC price gains below $110,000. Key takeaway: Bitcoin price gains above $110,000 could be capped by BTC’s correlation to stocks and US recession fears.  Bitcoin (BTC) rose 3.5% between June 7 and June 9, approaching the $108,500 mark. Despite this recent uptick, professional traders remain notably cautious, as reflected in BTC derivatives metrics. Broader macroeconomic tensions persist, and Bitcoin continues to show a strong correlation with the stock market, limiting its short-term upside potential. Read more

Bitcoin volatility hits 1-year low as U.S.-China trade talks resume, with BTC holding above $100K but trapped in range amid geopolitical uncertainty.

Coalitions including the DeFi Education Fund, Coin Center and the Blockchain Association have welcomed Congress’s decision to fold BRCA into the wider CLARITY Act, saying it has tightened oversight of custodial entities while sparing non-custodial developers from bank-style rules. The post Crypto Industry Scores Win as Blockchain Clarity Bill Folded Into Landmark Legislation appeared first on Cryptonews.

The publicly traded company holds 920 Bitcoin, worth just under $1 billion on Monday. 

The Trump-Musk Feud has drawn over $4m volume to Polymarket and rivals, turning every barb into a tradable contract. Bettors have gauged impeachment odds, a Musk unfollow, reconciliation timelines, and even the chance of a third-party bid, revealing how decentralized markets quantify political spectacle. The post Trump-Musk Feud Floods $4 Million into Prediction Markets – Odds Hint at Trump Impeachment Risk appeared first on Cryptonews.