Crypto

Bitcoin (BTC) dropped nearly 8% from its May 22 all-time high, near $112,000, ending a 50% climb over 45 days that began on April 7, when BTC reached its yearly low at $74,441.20. According to the June 2 “Bitfinex Alpha” report, a Court of Appeal decision reinstating disputed US import tariffs pushed 30-year Treasury yields […] The post Bitcoin’s 8% correction flushed leverage but set stage for short term turbulence appeared first on CryptoSlate.

Russian investigators confiscated crypto worth around 649 million rubles ($8.2 million) from the wallets of Dmitry Pavlov, the 35-year-old self-confessed server mastermind behind the Hydra darknet portal. The post Russian Investigators ‘Seized $8.2M Worth of Crypto from Hydra Darknet Server Chief’ appeared first on Cryptonews.

FalconX has made other moves in 2025, acquiring derivatives startup Arbelos Markets and partnering with Standard Chartered. Crypto prime broker FalconX has reportedly acquired a majority stake in Monarq Asset Management’s parent company, previously owned by bankrupt exchange FTX. According to a June 2 report from Bloomberg, the move seeks to expand the firm’s institutional client base and broaden its asset management services. Monarq Asset Management, formerly known as MNNC Group, is a Cayman Islands-registered fund. Prior to operating as MNNC, the hedge fund was known as LedgerPrime and was part of the FTX empire before the exchange’s collapse. Terms of the deal between FalconX and Monarq’s parent company were not disclosed. Read more

Top industry advocacy groups requested that the Senate stick to the task at hand as it mulls its stablecoin bill while unrelated amendments loom.

The Ethereum Foundation (EF) merged its protocol research and development units under a single banner, called Protocol, on June 2. The new initiative focuses resources on three technical priorities: scaling the base layer, expanding blob capacity for layer-2 networks, and enhancing the user experience. The three-track plan Protocol will steer code writers, researchers, and project […] The post Ethereum Foundation unites protocol teams to fast-track scaling, blobs and UX overhaul appeared first on CryptoSlate.

HK-based Reitar Logtech Holdings has set aside up to $1.5 billion to secure 15,000 BTC via share swaps with institutional and high-net-worth investors, a move it says will boost financial resilience, support Asian expansion, and accelerate blockchain integration across its supply-chain network. The post Reitar Logtech Holdings Bets $1.5B on 15,000 BTC to Drive Global Expansion appeared first on Cryptonews.

The Ethereum Foundation has restructured its core development team and reduced headcount to focus on scaling and user experience. The Ethereum Foundation (EF) has restructured its internal development group, rebranding its core research team and laying off some staff in the process. According to a June 2 announcement, the EF’s former Protocol Research & Development (PR&D) team is now simply “Protocol,” which will focus on three strategic goals: scaling Ethereum’s base layer (L1), expanding blobspace for rollups, and improving user experience (UX).   “This process of “shipping protocol” is messy, asking us to respond proactively to demands that are hard to articulate and even harder to fulfill,” the EF said. Read more

Norwegian Block Exchange has become Norway’s first listed company to hold Bitcoin, adding 6 BTC and targeting 10 by month-end. The exchange plans Bitcoin-backed loans, MiCA-compliant Cardano stablecoin yield, and fresh capital raises to expand its treasury. The post Norwegian Block Exchange Becomes Norway’s First Public Bitcoin Treasury Firm appeared first on Cryptonews.

Geneva, Switzerland, June 2, 2025 — TRON DAO, the community-governed DAO dedicated to accelerating the decentralization of the internet through blockchain technology and decentralized applications (dApps), participated in Bitcoin 2025, which took place May 27-29 in Las Vegas. TRON DAO kicked off the week as a top tier sponsor for Code + Country’s America 250 […] The post Justin Sun Takes Center Stage at Bitcoin Vegas 2025 with TRON DAO as Top Sponsor of Code + Country and Co-Host of Kraken’s Oceanic Night appeared first on CryptoSlate.

Research reveals that AI could consume nearly half of data center electricity by the end of 2025—making Bitcoin's environmental critics look the other way.

Sberbank, Russia’s largest lender, has introduced a new structured bond product offering exposure to Bitcoin (BTC), marking a significant step in integrating cryptocurrency-linked instruments into the country’s regulated financial ecosystem. The product, currently available on the over-the-counter market to a limited pool of qualified investors, allows returns based on the performance of Bitcoin’s US dollar […] The post Russian giant Sberbank launches Bitcoin bonds to expand Russian exposure to crypto appeared first on CryptoSlate.

In addition to buffering its SOL holdings, SOL Strategies added SUI to its balance sheets and decreased exposure to Bitcoin in Q1 2025. SOL Strategies, a Canadian public company focused on Solana infrastructure, reported a net loss in the second quarter even as revenue from staking and validating surged. The company, which trades on the Canadian Securities Exchange (CSE) under the ticker HODL, reported a net loss of CA$4.8 million ($3.5 million) for the second quarter of 2025, while revenue for the period surged to CA$2.54 million CAD ($1.85 million) from CA$67,000 in the same period a year earlier. SOL Strategies’ revenue growth was driven almost entirely by staking and validating income from its cryptocurrency holdings, particularly Solana (SOL) and Sui (SUI). The company earns income by operating validator nodes and receiving rewards in the form of SOL and other tokens, both from assets it self-delegates and from commissions on third-party delegations. Read more

CZ is floating the idea of a dark pool DEX using zero-knowledge proofs to fight MEV and market manipulation in DeFi.

Even with layer-2 networks growing in use, Ethereum co-founder Vitalik Buterin said that the layer-1 should scale substantially—and soon.

The Dogecoin price has risen by 1% in the past 24 hours, but could a cryptic tweet be the trigger for a massive bull run? The post Dogecoin Price Prediction: Mysterious Tweet Revives Speculation of $1 DOGE appeared first on Cryptonews.

The XRP price has slipped by 8.2% to $2.14 amid a broader market cooldown following last month’s rally.Yet fresh signs of accumulation are emerging, with one XRP community member on X reporting a major exchange withdrawal just days ago.It appears that the Turkish crypto exchange Paribu has taken out of circulation 44.1 million XRP tokens […] The post Whale Signal or Exit? XRP Price Prediction After 44M Tokens Leave Exchange appeared first on Cryptonews.

Karol Nawrocki has clinched Poland's presidency with 50.89 % of ballots, melding conservative politics with a pro-growth stance on digital assets. His win has revived debate on deregulation, startup incentives, and whether Poland might add Bitcoin to state reserves despite central bank caution. The post Poland Elects Pro-Crypto President Nawrocki – Will He Follow Trump’s Lead with a Bitcoin Treasury? appeared first on Cryptonews.

The transfers were expected, based on a social media post from Twenty One Capital CEO Jack Mallers.

Strategy revealed on June 2 that it will offer 2.5 million shares of its 10% Series A Perpetual Stride Preferred Stock, branded “STRD,” to acquire more Bitcoin (BTC).  The STRD security carries a $100 initial liquidation preference and pays non-cumulative cash dividends at 10% a year when Strategy’s board declares them.  Strategy intends to use […] The post Strategy unveils ‘Stride’ stock to fuel fixed-income expansion, boost Bitcoin holdings appeared first on CryptoSlate.

Critics of the foundation have repeatedly raised the alarm that the blockchain could lose its edge if it fails to address core design issues.