Crypto

Hashed's Kim Yong-beom was the former Vice Minister at Korea's Ministry of Economy and Finance.

Tech leaders including Apple, X, Airbnb, Google and Uber have explored adding stablecoin settlement to their checkouts, sources say, weighing compliance across Tether and USDC. Payment processors Stripe and Worldpay have been consulted on routing the tokens to trim fees and speed cross-border flows. The post Apple, X, Airbnb Plot Stablecoin Payment – Could Big Tech Ditch Card Fees for Onchain Settlements? appeared first on Cryptonews.

Allegations on the president’s ties to the crypto industry and claims of “Trump derangement syndrome” clouded attempts to reach an agreement on a market structure bill in Congress. Republican lawmakers on the House Financial Services Committee (HFSC) pushed back against concerns that US President Donald Trump could personally profit from his exposure to the crypto industry, dismissing the claims as political “theatrics” amid ongoing debate about digital assets legislation. In a June 6 hearing organized by Democrats, HFSC ranking member Maxine Waters defended that the lawmakers should focus on “information that has not been explored during the committee hearing” on June 4, which dealt with concerns around the Digital Asset Market Clarity (CLARITY) Act. The debate around the crypto market structure bill, expected to head for a vote on June 10, has been partly shadowed by calls for provisions to stop Trump from potentially using the legislation to his personal benefit. Representative Bryan Steil, who chairs the ...

VanEck, 21Shares, and Canary Capital requested on June 5 that the US Securities and Exchange Commission (SEC) reinstate the queue-based review system that awards exchange-traded product approvals in the order issuers filed.  In a joint letter to Chair Paul Atkins, the firms said concurrent approvals strip early filers of the advantage that traditionally offsets higher […] The post Stalling first-mover advantage: VanEck, 21Shares, Canary press SEC to restore first-to-file ETF review order appeared first on CryptoSlate.

WLF’s cease-and-desist targets Magic Eden’s 'First & Only' Trump wallet claim amid $300M TRUMP coin fee empire.

Gambaryan, who is leaving the crypto exchange to explore roles in the public or private sector, is among a number of Binance executives to depart over the past two years.

Gemini has confidentially lodged a draft S-1 with the SEC, confirming intentions to list shares on public markets. The IPO is expected once regulators finish their review and market conditions allow, coming a day after stable-coin issuer Circle began trading on the NYSE following its own approval. The post Crypto Firm Gemini Files Confidentially for IPO in the US – Here’s What We Know appeared first on Cryptonews.

The market capitalization for stablecoins has risen 90% since Jan. 4, 2024, making stablecoins arguably crypto’s first mainstream use case. Update (7:40 pm UTC): This article has been updated to include a statement from Google. Growing momentum for United States stablecoin regulation is reportedly pushing major tech firms like Apple, X, and Airbnb to explore digital token integration According to a June 6 report from Fortune, at least four tech companies, including Apple, X, Airbnb and Google, are exploring stablecoins as a means to lower fees and improve cross-border payments. Each company is in a different stage of implementation, with Google perhaps the farthest ahead, having facilitated two stablecoin payments already. Read more

Labubu has evolved from a picture-book character and Pop Mart status symbol into a Solana meme coin that has surged 40-fold and raised $42 million. Observers compare it with Pudgy Penguins as analysts weigh its community launch, cultural pull and the challenge of sustaining memecoin momentum. The post Labubu Meme Coin Shows Brands Merging With Blockchain, But Will The Token Catch On? appeared first on Cryptonews.

Gemini confidentially filed a draft registration statement with the US Securities and Exchange Commission (SEC) for an initial public offering (IPO) of Class A common stock, according to a June 6 statement.  The exchange controlled by Cameron and Tyler Winklevoss stated that the share count and price range will be determined once regulators complete their […] The post Gemini files confidential IPO draft as Circle’s shares register a new all-time high near $124 appeared first on CryptoSlate.

As blockchain-based infrastructure, Ethereum underpins a core component of Circle’s business model.

Specific details around the size and valuation of the offering remain undisclosed.

Bitcoin’s consolidation phase may break out into the next phase of price discovery, catalyzed by forthcoming US stablecoin rules. Despite a week of price consolidation for Bitcoin (BTC), emerging digital asset legislation may provide the next significant catalyst for the world’s first cryptocurrency. Upcoming stablecoin rules, such as the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act, may lay the foundation for a Bitcoin cycle top of over $150,000, according to Alice Li, investment partner and head of US at crypto venture capital firm Foresight Ventures. Meanwhile, venture capitalist (VC) interest has slumped. The number of VC deals closed recorded its lowest month of the year in May, with just 62 investment rounds resulting in $909 million raised. Read more

Experts said the CLARITY Act crypto market structure bill will encourage TradFi firms to adopt blockchain as a means to evade regulation.

Polymarket, the decentralized prediction platform known for its election forecasting accuracy, has been named the official prediction market partner of X, the social media company owned by Elon Musk. The partnership, announced on June 6, signals a growing role for markets in shaping public understanding of news, politics, and real-world outcomes. Polymarket celebrated the partnership […] The post X and Polymarket partner up to bring decentralized prediction markets to social media appeared first on CryptoSlate.

USDC issuer Circle's share price is still climbing on its second trading day as it came within pennies of quadrupling its $31 IPO price.

New York-based cryptocurrency exchange Gemini said Friday that it had filed the paperwork with the SEC to go public.

USDC stablecoin issuer leads what is likely to be a summer of IPOs for crypto companies.

Uber CEO Dara Khosrowshahi called stablecoins "super interesting."

The former executive is starting a new chapter, having returned to the US in October 2024 after being detained for eight months in Nigeria. Tigran Gambaryan, the Binance executive held for months by Nigerian officials before his release in October 2024, announced his formal resignation from the company on June 6. The former Binance executive said he would remain in the crypto industry and highlighted his work aiding law enforcement investigations worldwide in a June 6 X post. Gambaryan added: “That is where I intend to continue making a difference, whether back in public service or with a mission-driven institution in the private sector,” Gambaryan said. Read more