The series’ website issued a notice in May warning of a “fraudulent cryptocurrency scheme” using its branding to lure investors. The House of Streams, a Netflix series licensed for the UK and Ireland, will feature online streamers in competitions to take home one Bitcoin. According to the show’s website, eight contestants with a combined four million followers will appear on the reality TV series, set to premiere on June 18. The series will reportedly have Twitch streamers compete in a series of challenges to win 1 Bitcoin (BTC), worth more than $104,000 at the time of publication. It’s unclear why the Malta Film Commission, behind the production and filming of the show, chose to focus on a cryptocurrency prize for the contestants, but the creator of the series, Mark Holland, reportedly said “…the final reward couldn’t have been a simple cash prize or a trip to the Maldives.” The website issued a notice suggesting that some individuals had already used the show’s association with digital assets to issue a fr...
Gemini’s November 2021 fundraise of $400 million valued the exchange at $7.1 billion, though it has had challenges since. Cryptocurrency exchange Gemini has filed for an initial public offering (IPO) with the US Securities and Exchange Commission (SEC), according to a June 6 press release. Gemini filed a confidential draft registration statement on SEC Form S-1, which allows a company to file for IPO before publicly disclosing sensitive information. The filing comes amid renewed investor confidence as uncertainty due to trade wars has waned. The number of shares to be offered and the price range per share have not been determined. No date was mentioned for when the IPO might occur. Read more
ETF issuers say abandoning the long-held first-to-file method stifles innovation and rewards lazy behavior on the part of filers. Exchange-traded fund (ETF) issuers VanEck, 21Shares and Canary Capital sent a letter to the US Securities and Exchange Commission (SEC) urging a return to the “first-to-file” principle of approving ETF applications in the order they were submitted to the regulator. The companies argued that by failing to abide by the first-to-file principle, the default process for application approval until crypto ETFs debuted, the SEC diminishes healthy competition and hinders financial innovation. The letter reads: “Continued global leadership of the United States in financial innovation is deeply connected to regulatory frameworks that actively support and reward entrepreneurship, creativity, and genuine innovation,” the letter continues. Read more
Digital asset industry advocates supported congressional candidates in Florida’s special elections in April, and now New Jersey prepares to elect its next governor. Registered voters in New Jersey will soon decide who their party candidates will be for the state’s 2025 gubernatorial race, and positions on digital assets could influence the outcome. On June 5, one Republican and two Democratic candidates for the governor of New Jersey addressed a crowd of cryptocurrency-minded voters at a rally organized by the political advocacy group Stand With Crypto. The event was held five days before New Jersey voters will go to the polls in party primaries, though reportedly more than 300,000 people have already cast their ballots. “I believe and the [state pension] board believes that cryptocurrency is an important part of the future of this country and the economic system of the world,” said Jersey City Mayor Steven Fulop, a Democratic candidate for governor, who was at the event. Read more
Arca's chief investment officer, Jeff Dorman, previously said the investment company would stop doing business with Circle. Arca Chief Investment Officer Jeff Dorman said the digital investment company has sold all of its Circle shares following the stablecoin company’s recent listing on the New York Stock Exchange. The update followed a scathing open letter published by Dorman on social media on June 5, criticizing Circle for giving the investment firm a “throwaway” allocation in Circle’s initial public offering (IPO). According to Dorman, Arca submitted an order for $10 million in Circle shares in April 2025 and only received a $135,000 allocation despite being a long-time supporter and one of the earliest investors to submit a bid. The executive wrote in a now-deleted letter: Read more