Crypto

Skibidi Toilet Coin has vaulted 80% after Congressman Brad Sherman cited it alongside Bitcoin and Ethereum during a House Financial Services Committee hearing on crypto oversight, lifting the Solana-based meme token’s market cap toward $3.6 million and sparking fresh debate on meme coin resilience. The post U.S. Hearing Shoutout Sends Solana Memecoin $SKBDI Soaring 80% – Is Meme Coin Mania Back for Crypto? appeared first on Cryptonews.

Circle’s IPO exceeds expectations with a surge in demand, pushing shares above the marketed range.

Ethereum Foundation has released a sweeping update to its treasury management strategy, signaling a more mature, structured approach to capital allocation amid ETH’s growing global influence and rising institutional scrutiny. The new framework, published on June 4, outlines how the foundation will manage reserves, deploy capital in DeFi protocols, and assess privacy standards, while maintaining […] The post Ethereum Foundation unveils comprehensive treasury plan to balance capital and privacy commitments appeared first on CryptoSlate.

Members in two House committee hearings debated a framework for digital assets while raising concerns about the US president using his position to profit from the industry. Leadership on the US House Financial Services Committee (HFSC) seemed like they were not going to reach common ground on how to regulate digital assets amid President Donald Trump’s potential conflicts of interest with the industry. In a June 4 hearing, committee ranking member Maxine Waters reiterated concerns that, without clarification within the bill, Trump could use the Digital Asset Market Clarity (CLARITY) Act to further “cash in” on crypto. The California representative cited examples of the president hosting a dinner for his top memecoin holders, who reportedly paid roughly $148 million for the opportunity to attend, and suggested that Trump could use the market structure to “put [Americans’] money in his digital wallet.” Read more

World Liberty Financial has surprised WLFI holders with a $47 USD1 stablecoin drop, moving over $4 million without claims or links. The live trial has proven its airdrop system and heightened scrutiny of Trump family ties as Congress debates stablecoin oversight. The post Trump-Affiliated World Liberty Financial Airdrops Millions in USD1 Stablecoin appeared first on Cryptonews.

Robinhood acquires Bitstamp, the world’s oldest crypto exchange, to deepen global and institutional offerings.

In some cases, the bank will look at crypto holdings when determining net worth, which may affect how much can be borrowed. JPMorgan, the largest bank in the United States by assets, plans to offer trading and wealth-management clients the option of using crypto-linked assets as collateral for loans, according to a June 4 report from Bloomberg. The bank is set to allow financing against crypto exchange-traded funds (ETFs) in some weeks. JPMorgan will begin with BlackRock’s iShares Bitcoin Trust, which, according to Sosovalue.com, is the largest US spot Bitcoin (BTC) ETF with $70.1 billion in net assets. The bank will also consider clients’ crypto holdings when assessing net worth, treating digital assets similarly to traditional ones when determining how much a client can borrow against assets. Read more

Popular mobile game Flappy Bird is once more taking flight in Web3 after closing down its Telegram game and launching on Android.

Brazil’s Central Bank plans to treat transaction data from its central bank digital currency (CBDC) infrastructure, called Drex, as a direct input for setting the country’s interest rate benchmark. Central bank executive Henrique Videira said on June 4 at the Token Nation conference in São Paulo that every payment and asset transfer recorded on Drex’s […] The post Brazil’s central bank plans to use CBDC data to guide interest rate decisions appeared first on CryptoSlate.

Real estate entrepreneur Grant Cardone wants his tenants to buy Bitcoin for you.

Binance CEO Richard Teng has welcomed the SEC’s motion to dismiss its 2023 securities complaint, framing the move as a win that eases uncertainty for the exchange and wider market. Teng said new policy direction under President Trump and a Crypto Task Force could help the US become a leading hub. The post Binance CEO Hails SEC Lawsuit Dismissal as ‘Significant Win,’ Credits Trump for Crypto Shift appeared first on Cryptonews.

Railgun's RAIL token has spiked 15% higher after Ethereum co-founder Vitalik Buterin transferred over $2.6 million in crypto using the privacy protocol.

Circle is poised to price its initial public offering above its marketed range after receiving investor orders for more than 25x the number of shares available, Bloomberg reported on June 4, citing people familiar with the matter. The stablecoin issuer and its backers are offering 32 million shares at a price range of $27 to […] The post Circle set to exceed IPO expectations after overwhelming investor demand appeared first on CryptoSlate.

Nasdaq-listed travel booking firm Webus filed a Form 6-K to inform U.S. investors and regulators of its plans for a $300 million XRP treasury.

JP Morgan has updated its collateral rules to let select clients borrow against crypto ETFs, starting with BlackRock’s iShares Bitcoin Trust. It has also treated digital asset holdings as part of net-worth and liquidity tests, embedding crypto deeper into traditional credit. The post JPMorgan Plans to Let Clients Borrow Against Crypto ETFs – Here’s What That Means appeared first on Cryptonews.

Also: EF Lays Off Staff + Restructures, Tech Experts Unimpressed at Elon Musk’s BTC X-feature, and ZachXBT: BitoPro Likely Hacked.

Morocco has detained 24-year-old Franco-Moroccan Badiss Mohamed Amide Bajjou on suspicion of directing French crypto kidnapping schemes, including the January seizure of Ledger co-founder David Balland. The notice-driven arrest shows rising offline threats to crypto holders. The post Suspected French Crypto Kidnapping Ringleader Snared in Morocco, Second Suspect Sought appeared first on Cryptonews.

Upcoming exchange-traded funds (ETFs) that integrate staking yields stand to benefit significantly as US lawmakers and regulators clarify the legal status of on-chain rewards, according to a June 3 report. The report noted points to two parallel policy moves. First, the US Securities and Exchange Commission (SEC) confirmed on May 29 that staking does not […] The post US-based ETFs offering staking set for growth despite some regulatory, macro tailwinds appeared first on CryptoSlate.

Elizabeth Warren has moved to tighten the GENIUS Act, proposing an amendment barring sitting or former presidents and their families from profiting via stablecoins or wallet platforms. She says a late exemption could let Donald Trump’s USD1 venture avoid federal oversight. The post Warren Targets GOP’s Crypto Wallet Loophole in GENIUS Act – Will Her Amendment Block Trump’s Wallet Ambitions? appeared first on Cryptonews.

Roughly four months since his nomination and amid announced departures at the CFTC, Brian Quintenz’s nomination to head the financial regulator is moving forward. Brian Quintenz, a former commissioner on the US Commodity Futures Trading Commission (CFTC), may have the opportunity to chair the agency after his nomination by President Donald Trump moved to the Senate Agriculture Committee. According to the calendar of the US Senate Committee on Agriculture, Nutrition, and Forestry, Quintenz will appear for a hearing on June 10 to consider his nomination as CFTC chair. The nomination hearing follows the departures of commissioners Summer Mersinger and Christy Goldsmith Romero at the end of May, leaving the five-seat panel with only two Senate-confirmed members as of June 1.  Quintenz’s potential confirmation is expected to result in a complete changeover of the CFTC’s leadership. Former chair Rostin Behnam left the agency in February, and, with the departures of Romero and Mersinger, only acting chair Caroline P...