Crypto

Both the Senate stablecoin and the House market structure bills are on the cusp of key moves next week.

Digital investment firm Arca has sold its entire stake in Circle after publicly criticizing the stablecoin issuer’s initial public offering (IPO) process. The post Investment Company Arca Dumps Circle Shares After Scathing IPO Critique appeared first on Cryptonews.

Alex Lab Foundation said it will fully reimburse users affected by the $8.3 million exploit, with compensation issued in USDC following a structured claims process. Alex Protocol, a Bitcoin decentralized finance (DeFi) platform on the Stacks blockchain, suffered an exploit on June 6, resulting in $8.3 million in digital asset losses.   In an X announcement, Alex Protocol said the breach was caused by a vulnerability in its self-listing verification logic. The attacker used the flaw to drain liquidity from several asset pools.  The Bitcoin DeFi platform said the attackers siphoned about 8.4 million Stacks (STX) tokens, 21.85 Stacks Bitcoin (sBTC), 149,850 in USDC (USDC) and USDt (USDT), and 2.8 Wrapped Bitcoin (WBTC). The incident is one of the largest exploits in the Stacks ecosystem to date. Read more

The following article is a guest post and opinion of Ting Peng, Head of Ecosystem at SkyX Network. What do you do when the weather app says light rain, but a flash flood tears through your town instead? You blame the app. Your rightful ire is a bit misplaced, though: It could very much be the […] The post Your weather app can’t save you — but a new system might appeared first on CryptoSlate.

This week, markets were shaken by the Trump-Musk dispute, BTC and ETH exchange supply dropped, and crypto ETFs gained institutional traction.

After earning $3 million from NFT sales, Jonathan Mann watched it vanish in a crash, and now he’s turned the ordeal into a painfully honest crypto tax tune. Non-fungible token (NFT) artist Jonathan Mann, the musician behind the “Song A Day” project, has turned his crypto tax ordeal into a cautionary musical tale.  In a new track shared on X, Mann recounted how he made $3 million selling his entire back catalog as NFTs, only to see it vanish as the market crashed during the Terra ecosystem collapse. “This is the story of how I made three million dollars and lost it,” Mann sings. “And how I owed the IRS more money than I made in 10 previous years.”  Read more

This week, we examine Ethereum, Ripple, Cardano, Solana, and Hype in greater detail. Ethereum (ETH) Ethereum had another flat week in terms of price action, ending it with a minor loss of 1%. The price has been moving sideways since early May, holding just above the key support at $2,400. This long consolidation could signal […]

[PRESS RELEASE – Dublin, Ireland, June 7th, 2025] AB DAO announced that its native token $AB officially began trading on Binance Alpha—Binance’s early-access, exclusive listing platform. What strategic considerations led AB to choose Alpha, and what role does this phase play in the “AB Anywhere” cross-chain asset vision? This report delves into the AB team’s […]

Onchain perpetual futures platform Hyperliquid notched a record-breaking $248 billion in monthly trading volume for May, up 51.5%. The post Hyperliquid Perps Volume Hits Record $248B in May Amid James Wynn Frenzy appeared first on Cryptonews.

Singapore’s ousting of unlicensed firms was not a sudden move and it’s among several regions tightening licensing duties. Singapore’s latest order for unlicensed crypto firms to stop serving overseas customers marks the beginning of the end for regulatory loopholes in the blockchain industry. The May 30 directive from the Monetary Authority of Singapore (MAS) tells crypto firms and individuals offering services abroad to get licensed or get out. To some in the industry, it may look like Singapore is suddenly turning away from its crypto-friendly stance. But in reality, the city-state has remained consistent in its push for compliance. The move aligns with a global crackdown aimed at money laundering and terrorism financing. Read more

Trump seems to recognize his official memecoin, down 85% from its all-time high, as a tool to measure public sentiment. United States President Donald Trump has signaled support for the idea that his official memecoin reflects public sentiment about his leadership. In a post on his social media platform Truth Social, Trump shared a Newsmax article discussing how his official cryptocurrency token serves as a gauge of political momentum, echoing views shared by some crypto industry figures.  While the president may recognize his memecoin as a success barometer, the token’s market performance paints a more sobering picture if it’s to be used as a sentiment gauge.  Read more

The crypto market recovered in May, but volatility remained elevated due to changes in U.S. trade policies.

The current streak of three consecutive trading weeks of inflows has accounted for approximately 25% of the total net inflows since the spot Ether ETFs launched in July 2024. US-based spot Ether exchange-traded funds (ETFs) have just recorded a third consecutive trading week of inflows. If next week follows suit, the current inflow streak alone may surpass $1 billion in total inflows. On June 6, spot Ether (ETH) ETFs posted $25.3 million inflows for the trading day, extending the streak to 15 consecutive inflow days, according to Farside data.  The current inflow streak since May 16 has now brought in $837.5 million, roughly 25% of the total $3.32 billion in net inflows since spot Ether ETFs launched in July 2024. Read more

JAN3 founder Samson Mow says Elon Musk should go all in on Bitcoin before “they freeze his fiat assets.” The Bitcoin community is calling on Tesla CEO Elon Musk to stack Bitcoin as a way to gain the upper hand in his ongoing public feud with US President Donald Trump. “The best way for Elon to get back at Trump is by full porting Bitcoin,” crypto trader and analyst Will Clemente said in a June 6 X post. Echoing a similar sentiment, JAN3 founder and CEO Samson Mow said in an X post on the same day, “@elonmusk, it’s time to go all in on Bitcoin.” Mow urged Musk to accept Bitcoin (BTC) payments for Tesla and adopt a Bitcoin treasury strategy. In 2021, Tesla stopped accepting Bitcoin as a means of payment due to environmental concerns. However, the firm still holds digital assets. On April 23, Cointelegraph reported that Tesla’s digital asset holdings dropped 11.61% in value from $1.076 billion to $951 million in Q1. Read more

HYPE is among the few altcoins in the red today.

TMTG's latest BTC purchase, along with the intensifying wave of Bitcoin adoption in the corporate sector, is fueling speculation about the $12 billion to be raised.

Bitcoin hovers near $105K as Trump urges Fed cuts and Japan’s Metaplanet eyes 91K BTC. Can strong demand push BTC past $107K? Chart setup looks bullish. The post Bitcoin Price Prediction: Can Strong Demand Push BTC Beyond $107K This Week? appeared first on Cryptonews.

The price of Official Trump coin briefly spiked 6% before pulling back, following Eric Trump saying the team "remain focused on building the most exciting MEME on earth." Eric Trump, son of the US President, announced that Trump family-backed crypto platform World Liberty Financial (WLF) plans to acquire a significant amount of the Official Trump memecoin following his endorsement of the token. Some users in the crypto community were surprised that Official Trump (TRUMP) didn’t see a stronger price reaction. “I am proud to announce the $TRUMP Meme Coin has aligned with @WorldLibertyFi,” Trump said in a June 6 X post. Read more

Singer-songwriter Jonathan Mann recently shared the story of how earning millions in Ethereum (ETH) during a one-hour sale of his NFTs eventually became a “tax nightmare.” Mann has published one song a day over the past 17 years and released his 6,000th song on June 5, which was about the purported nightmare resulting from the […] The post Song A Day creator recounts ‘tax nightmare’ after making millions from NFT sale appeared first on CryptoSlate.

President Donald Trump and Elon Musk’s fallout caused a major spikes in memecoin launches and trading, with the largest tokens by trading activity generating over $355 million in volume over the past 24 hours, according to DEX Screener data. As traders seized on the pair’s high-profile social media clash using Solana’s ecosystem, Official Trump (TRUMP) […] The post Trump–Musk feud becomes memecoin meta, leads to surge in trading volume appeared first on CryptoSlate.