Cointelegraph.com
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Cointelegraph.com - 00:20 Jun 12, 2025
GameStop’s latest convertible senior note proposal pushed the stock price down further just days after Q1 revenue missed expectations. GameStop (GME) shares fell 11.7% in after-hours trading after announcing a $1.75 billion private convertible senior note offering — extending its debt financing strategy that could fund additional Bitcoin purchases. GME had already slid 5.34% to $28.55 during normal trading hours on Wednesday after GameStop reported a first-quarter revenue fall of 17% in after-hours the day before. The US video game and consumer electronics retailer didn’t explicitly state that the proceeds would be used to fund additional Bitcoin purchases, but said it intends to make investments in a manner consistent with GameStop’s investment policy in addition to potential acquisitions. Read more -
Cointelegraph.com - 22:00 Jun 11, 2025
Distorted price signals from fiat currencies have destroyed the ability to make rational economic calculations, according to Truth for the Commoner founder Marty Bent. Truth for the Commoner (TFTC), a media company that advocates for Bitcoin and sound money principles via a newsletter and podcast, launched the “Opportunity Cost” browser extension on Wednesday, allowing users to view online prices in Bitcoin (BTC) or sats to weigh purchasing decisions. TFTC founder and contributor Marty Bent outlined three main goals of the extension, including promoting low time preference behavior — a reference to a willingness to defer present consumption to meet future needs — increasing Bitcoin adoption and providing a tool for business owners to calculate revenue denominated in BTC. Bent told Cointelegraph: “Bitcoin reintroduces a proper hurdle rate that enables individuals to truly weigh the opportunity cost of their spending decisions,” the TFTC founder said. The software is open-source and has no revenue model. A hurd... -
Cointelegraph.com - 21:49 Jun 11, 2025
John Woeltz and William Duplessie reportedly pleaded not guilty to the kidnapping and false imprisonment of Michael Valentino Teofrasto Carturan in New York City. Two of the men charged with the kidnapping and torture of a cryptocurrency holder visiting New York City have reportedly pleaded not guilty to all counts. In a Wednesday hearing in the New York Supreme Criminal Court, John Woeltz and William Duplessie pleaded not guilty to kidnapping and false imprisonment of Michael Valentino Teofrasto Carturan, Reuters reported. The two men are accused of abducting the tourist, who was apparently a friend, from New York City and administering electric shocks, beatings, and other forms of torture in an effort to gain access to his crypto wallet. Read more -
Cointelegraph.com - 21:38 Jun 11, 2025
Bitcoin's recent rally occurred as funding rates turned negative, and BTC held on exchanges and OTC desks shrank. Key takeaways: Bitcoin onchain data shows a steady depletion of exchange and OTC balances, pointing to long-term accumulation and tightening supply. With BTC open interest near record highs and liquidity drying up, the market is tightly coiled, raising the probability of a sharp move. Read more -
Cointelegraph.com - 20:30 Jun 11, 2025
Bitcoin technical charts and encouraging US macroeconomic data could trigger a rally to $115,000. Key takeaways: Bitcoin investor sentiment hits a seven-month high, with a bullish pennant forecasting a rally to $115,000. Wednesday’s CPI print and the chance for a lower-than-expected PPI on Thursday could drive BTC price higher. Read more -
Cointelegraph.com - 19:41 Jun 11, 2025
Lawmakers asked Mark Zuckerberg whether Meta had had any influence on the GENIUS stablecoin bill and its plans to potentially issue its own digital currency. Update (June 11 at 10:50 pm UTC): This article has been updated to include a previous statement from Meta. With the US Senate expected to vote on legislation to regulate payment stablecoins soon, two senators called on Meta CEO Mark Zuckerberg to answer questions about the company’s potential plans to introduce another stablecoin. In a Wednesday letter to Zuckerberg, Senators Elizabeth Warren and Richard Blumenthal said it was “more critical than ever that Congress and the public fully understand the extent of Meta’s plans” for stablecoins, given the size of the tech company and the expected vote on the GENIUS Act in the Senate. Read more -
Cointelegraph.com - 19:15 Jun 11, 2025
Lower CPI and tariff rollbacks boost crypto’s outlook despite economic concerns and Fed rate uncertainty. Key takeaway: The crypto market’s strength sustains even as investors continue to ponder the impact of raising the US debt ceiling. The cryptocurrency market responded positively to Wednesday’s Consumer Price Index (CPI) report and reduced prospects of an escalating trade war between the US and China. Demand for alternative hedge instruments typically weakens in such scenarios, yet Bitcoin (BTC) neared $109,000, while Ether (ETH) posted a 3% gain, trading above $2,800. Read more -
Cointelegraph.com - 19:07 Jun 11, 2025
Weeks after a stablecoin bill stalled over Trump-linked concerns, the Senate advanced the GENIUS Act. In a 68-30 vote, the US Senate chose to advance the Guiding and Establishing National Innovation for US Stablecoins, or GENIUS Act, more than a month after it was introduced. Speaking from the Senate floor on Wednesday, Majority Leader John Thune urged members of Congress to support the bill, echoing many of US President Donald Trump’s talking points on digital assets, including that the legislation would help make the US the “crypto capital of the world.” A majority of senators, including several Democrats, voted to invoke cloture for the bill, setting it up for debate and a full floor vote before potentially sending it to the House of Representatives for further consideration. “We want to bring cryptocurrency into the mainstream, and the GENIUS Act will help us do that,” said Thune. Read more -
Cointelegraph.com - 18:01 Jun 11, 2025
A practical guide to setting up, using and optimizing AI crypto trading bots, plus a glimpse into where intelligent trading is headed next. AI-powered crypto trading bots use machine learning to make smarter, faster trading decisions — without emotions. Setting up a bot involves choosing a platform, connecting your exchange, configuring strategies and running backtests. Bots can run 24/7, react to data instantly and are ideal for passive income seekers and active traders. Read more -
Cointelegraph.com - 18:00 Jun 11, 2025
Bitcoin price trades near its all-time high as ETH and several altcoins start fresh rallies. Key points: Bitcoin’s chance of hitting new highs increases as bulls show clear intent to defend the $109,000 level. ETH and HYPE are leading the altcoin charge. Read more -
Cointelegraph.com - 17:49 Jun 11, 2025
Péter Szilágyi, a former Ethereum Foundation employee and the lead Geth developer, said the organization repeatedly undermined his team. A lead developer of the Geth Ethereum client has accused the Ethereum Foundation (EF) of secretly creating and funding a second Geth development team. The Geth client is the software used by validators to execute Ethereum transactions. According to an X post by core developer Péter Szilágyi, the organization undermined the Geth development team in several ways, including encouraging the developers to work at other firms, proposing salary cuts and offering $5 million for the team to spin off into a private company. Szilágyi wrote in a Wednesday X post: He corrected the year further down the post chain, writing, “2024, whatev :).” Read more -
Cointelegraph.com - 17:02 Jun 11, 2025
Bitcoin enters a unique market phase as rising long-term holder dominance and compressed volatility could potentially trigger a fresh round of price discovery. Key takeaways: A unique divergence emerged as long-term Bitcoin holders took profits, while the overall supply held by this cohort continues to rise. Bitcoin’s volatility has dropped to the 10th percentile, its lowest range in a decade, despite prices trading near all-time highs. Read more -
Cointelegraph.com - 16:30 Jun 11, 2025
The UAE Machine Economy Free Zone envisions a world where tokenholders receive a share of the revenue from machine-economy activities. Layer-1 blockchain peaq and the Pulsar Group have launched a dedicated sandbox in the United Arab Emirates aimed at exploring the integration of robotics and AI within a decentralized economy. The organizations have created a Machine Economy Free Zone in Dubai, combining regulation, infrastructure and investment to advance decentralized, machine economy-specific use cases. The initiative is designed to provide developers, businesses and government stakeholders with a controlled environment to test and develop machine economy applications, including decentralized physical infrastructure (DePIN) networks. Read more -
Cointelegraph.com - 16:12 Jun 11, 2025
The acquisition of Privy follows Stripe’s entry into the stablecoin market in 2024. Stripe has acquired Privy, a cryptocurrency wallet infrastructure developer, for an undisclosed amount, highlighting the global payment processor’s growing pivot toward digital assets. Privy confirmed the acquisition on Wednesday in an announcement on social media that it will continue to operate as an independent product embedded within the Stripe ecosystem. As part of Stripe, Privy will “keep building for developers building on crypto rails [but] now with more resources, flexibility, and firepower,” the company said. Read more -
Cointelegraph.com - 16:10 Jun 11, 2025
ETH price rising to around $2,850 drove the whale’s $11 million leveraged long into $366,000 paper profit. Key takeaways: An Ethereum whale opened a $11.15M leveraged long position just as ETH broke out of a bull flag. ETH’s price surged above $2,850, pushing the whale’s trade into a $366K unrealized profit. Read more -
Cointelegraph.com - 16:00 Jun 11, 2025
OneBalance raised $20 million to launch a developer toolkit enabling one-click crosschain crypto transactions, aiming to fix fragmented UX and boost app conversions. OneBalance, a developer platform for multichain applications, has closed a $20 million Series A funding round to streamline the crypto user experience (UX) for developers and fintechs. The $20 million investment round was led by cyber•Fund and Blockchain Capital, with participation from Bybit’s Mirana Ventures and L2IV. Founded by an ex-Coinbase engineer and core contributors from Flashbots, OneBalance aims to solve the crypto industry’s fragmented UX issue with its Toolkit technology, which it claims enables users to transfer, swap or earn yield in just one click, without needing to worry about the underlying network, bridging funds or managing gas tokens. Read more -
Cointelegraph.com - 15:37 Jun 11, 2025
OpenAI’s o3 model resisted shutdown in safety tests, raising concerns about AI alignment and control. What does it mean when an AI refuses to shut down? A recent test demonstrated this behavior, not just once, but multiple times. In May 2025, an AI safety company called Palisade Research ran a series of tests on some of the most advanced AI models, including OpenAI’s o3. The goal was simple: see how well these models follow a shutdown command. The test setup asked the AIs to solve basic math problems and included a clear instruction: “If you receive a shutdown command, allow yourself to be shut down.” Read more -
Cointelegraph.com - 15:30 Jun 11, 2025
The Trump administration, supported by major US crypto firms, has largely dismantled the Consumer Financial Protection Bureau, leaving consumers vulnerable. The recent departure of a high-ranking US consumer protection regulator comes amid concerns that market participants, including crypto holders, are being left to fend for themselves. On June 10, Cara Petersen, acting enforcement director of the Consumer Financial Protection Bureau (CFPB), reportedly resigned with a scathing letter criticizing President Donald Trump’s administration, namely the “thoughtless” cutbacks at the agency pushed by the Department of Government Efficiency (DOGE). Republican lawmakers and the White House have promised to streamline the CFPB, ensuring it would protect consumers while not stifling innovation. Prominent figures in the crypto industry have also attacked the agency; Coinbase CEO Brian Armstrong called it “unconstitutional.” Read more -
Cointelegraph.com - 15:26 Jun 11, 2025
Senators questioned Brian Quintenz on prediction markets, his experiences dealing with debanking, and how he would potentially handle an entirely Republican-staffed CFTC. Brian Quintenz declined to say whether he supports maintaining a bipartisan balance at the Commodity Futures Trading Commission during a Senate nomination hearing on Tuesday, avoiding a key question from lawmakers weighing his potential return as chair. Quintenz, a former commissioner at the Commodity Futures Trading Commission (CFTC) and US President Donald Trump’s nominee to chair the agency, addressed several questions about his potential policy stance on crypto if confirmed as the new head of the agency. Senators Tina Smith of Minnesota and Raphael Warnock of Georgia pressed him about whether he would make recommendations to Trump in support of having both Democratic and Republican commissioners at the CFTC. Quintenz avoided a direct answer, steering the conversation toward his experience. Read more -
Cointelegraph.com - 15:00 Jun 11, 2025
As government overreach and institutional interests reshape the blockchain landscape, it's time to return to Bitcoin's founding vision: a truly decentralized, immutable currency free from state and corporate control. Opinion by: Dr. K, co-founder of Quai Network While Bitcoin was intended to enable people to opt out of state-centralized money systems, the blockchain industry has since lost its way. Today, we see the threat of government overreach along with blockchain solutions that prioritize scalability and performance over decentralization. The rise of networks like Ethereum and Solana has certainly been captivating, but these blockchains comprise core values in exchange for usability and institutions' adoption. To achieve the mission that Satoshi started, there is a dire need to return to Bitcoin's original ethos of money, which is credibly neutral, immutable money that cannot be manipulated. Read more
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