Crypto

Visa and Chainlink have completed a key milestone in the Hong Kong Monetary Authority’s (HKMA) e-HKD+ Pilot Programme, successfully testing a cross-border blockchain transaction using central bank digital currency (CBDC) and stablecoins. The trial, conducted in partnership with ANZ, ChinaAMC, and Fidelity International, is one of the first real-world simulations of programmable money being used […] The post Visa, Chainlink successfully complete CBDC, stablecoin swap between Hong Kong, Australia appeared first on CryptoSlate.

Technical indicators signal potential rebounds for Bitcoin and Ethereum while Fartcoin meme coin momentum accelerates.

Key Takeaways: Ethereum community member Eugenio Reggianini published a GDPR compliance proposal on June 9 as part of the European Blockchain Association’s consultation response. The proposal recommends keeping personal data off-chain and using privacy-preserving technologies to reduce exposure across Ethereum’s modular architecture. A new role classification framework would assign GDPR controller status only to front-end […] The post New Ethereum GDPR Blueprint Recasts Wallets as Controllers, Lets Validators Off the Hook appeared first on Cryptonews.

Crypto Inflows have totaled US$224M in the latest week, extending a seven-week streak to US$11B but slowing as traders await Federal Reserve rate clues. Ethereum has led with US$296M, pushing its share of assets to 10.5%, while Bitcoin has recorded US$56.5M in outflows for a second week. The post Crypto Product Inflows Hit $224M, Momentum Slows Amid Fed Policy Uncertainty: CoinShares appeared first on Cryptonews.

Cardano (ADA) has gone down by nearly 16% in the past month as the crypto rally faltered amid rising tensions between the United States and China on the trade front.Investors’ sentiment has also been souring lately as reflected by the Fear and Greed Index, whose value has dropped from a local peak of 76 (Greed) […] The post Cardano Price Prediction: One Key Level Holds the Fate of the Next ADA Rally – $100 Possible? appeared first on Cryptonews.

Solana (SOL) has increased by 4.3% in the past 24 hours and currently stands at $155.40, as trading volumes exploded in the first few hours of this week’s trading session.It has been a rough month for SOL as the token has booked losses of nearly 9% during this period as the crypto market has cooled […] The post Solana Price Prediction: Wave Pattern Hints at New ATH – But Only If This Bullish Trigger Hits appeared first on Cryptonews.

US Securities and Exchange Commission (SEC) Chairman Paul Atkins told the agency’s fifth cryptocurrency roundtable on June 9 that the ability to hold crypto without an intermediary belongs at the core of US law. Atkins opened the “DeFi and the American Spirit” session by linking decentralized (DeFi) finance with the country’s traditions of private property […] The post SEC Chair Paul Atkins backs DeFi, rejects forced intermediaries during latest roundtable speech appeared first on CryptoSlate.

Authorities in Queensland and New South Wales have charged four people after an 18-month probe into Money Laundering that allegedly used a Gold Coast security company to fly A$190 m in cash, mix proceeds with legitimate takings, shift funds into cryptocurrency, and buy property and vehicles. The post Australian Authorities Charge Four in $123M Crypto Money Laundering Scheme appeared first on Cryptonews.

The publicly traded firm aims to amass more Bitcoin for its corporate treasury through an “at-the-market”-type offering, in partnership with a Paris-based asset manager. 

An uptick in long-term Bitcoin holders and BTC’s start-of-week price break above $108,000 could be a sign that new highs are in order. Key takeaways: Bitcoin’s Doji candle and a bullish chart fractal hint at a rally to $120,000. Bitcoin HODLers are absorbing freshly sold BTC, a historically bullish sign for its price. Read more

An X post by Paraguay’s President Santiago Peña claimed the country had recognized Bitcoin as legal tender, but the official government account soon urged users to “dismiss any recently published content.” The office of Paraguayan President Santiago Peña appeared to deny a post on the social media platform X that announced the country would begin recognizing Bitcoin as legal tender. In a Monday post on X, the official account of the office of Paraguay’s president asked followers to “dismiss any recently published content” without official confirmation from his office. The post was made minutes after Peña’s personal account on X announced (in English) that Paraguay had made Bitcoin (BTC) legal tender, and established a BTC reserve worth $5 million, also providing a wallet address for investors to “secure [their] stake.” Read more

The Paraguayan government made an official statement that President Santiago Peña’s verified X account was hacked and published an unauthorized declaration that Bitcoin (BTC) would be made legal tender on June 9. The post also included a false plan to establish a Bitcoin treasury and add $5 million in BTC. The compromised account displayed an image […] The post Paraguay’s presidency swiftly debunks Bitcoin legal tender hoax, confirms X account hack appeared first on CryptoSlate.

The study involving Chainlink's Cross-Chain Interoperability Protocol is one of many initiatives exploring use cases for a potential Hong Kong CBDC, or e-HKD. The Hong Kong government is partnering with Chainlink’s Cross-Chain Interoperability Protocol (CCIP) to test cross-border transactions between permissioned and permissionless blockchains, as well as settlements using different types of digital assets. The partnership is part of Phase Two of Hong Kong’s central bank digital currency (CBDC) initiative. According to a report from payments company Visa, the initiative will involve a hypothetical Australian investor who wishes to purchase a tokenized asset in Hong Kong. After requesting the purchase in a stablecoin pegged to Australia’s currency, the transaction will be routed via interactions across multiple blockchains. Finally, the purchased asset finds its way into the investor’s wallet, denominated in Hong Kong’s CBDC. Chainlink’s CCIP plays a role in the communication between different blockchains. Acc...

The commonly used mNAV is an insufficient gauge for measuring relative valuations, argues NYDIG's Greg Cipolaro

In a final SEC crypto roundtable, the securities watchdog dug into decentralized finance, with Chairman Paul Atkins promising efforts to ease developers' path.

The oversubscribed raise follows stablecoin issuer Circle’s massive IPO last week, underscoring investor appetite for stablecoin-related projects.

Santiago Peña's account said that bitcoin would be made legal tender.

Tether is building a gateway for new players to enter Bitcoin mining by releasing its Bitcoin Mining OS (MOS) as open-source software by the end of 2025, according to CEO Paolo Ardoino. In a June 9 post on X, Ardoino explained that the move will lower barriers for small and independent miners. Tether expects to […] The post Tether to democratize Bitcoin mining with open-source software debut appeared first on CryptoSlate.

Following the case dismissal, Coinbase Chief Legal Officer Paul Grewal said the exchange has "zero plans" to relist Wrapped Bitcoin (WBTC).

Bitcoin price pushed through a critical overhead resistance level, possibly opening the door to new all-time highs. Key points: Bitcoin opened the week with strength as bulls target new highs in BTC and altcoins. Many major altcoins are stuck in a range, but HYPE is showing signs of strength. Read more