Cointelegraph.com
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Cointelegraph.com - 11:40 Jun 21, 2025
XRP could drop 35%, potentially revisiting the $1.35–$1.60 range, on-chain and technical metrics suggest. Key takeaways: XRP’s most-profitable investors are realizing over $68M in profits daily, mirroring the run-up to the 2017 market top. Over 70% of XRP’s realized cap has formed since late 2024, making the market top-heavy and vulnerable to sharp sell-offs. Read more -
Cointelegraph.com - 09:49 Jun 21, 2025
ZachXBT claims over 80% of Garden Finance’s fees are tied to crypto laundering, challenging the project’s decentralization narrative. Blockchain sleuth ZachXBT has accused Garden Finance, which brands itself as “the fastest Bitcoin bridge,” of facilitating the laundering of funds linked to major crypto thefts, including the Bybit hack. In a June 21 post on X, ZachXBT claimed that over 80% of Garden’s recent fee revenue stemmed from illicit transactions allegedly tied to the North Korean Lazarus Group. The allegation came in response to an earlier post by Jaz Gulati, a co-founder of Garden Finance, who had recently touted the platform’s success, citing 38.86 Bitcoin (BTC) in collected fees — $300,000 of which was earned over the 12 days ending June 2. Read more -
Cointelegraph.com - 07:16 Jun 21, 2025
Nakamoto Holdings, led by Trump’s crypto adviser David Bailey, raises $51.5M in fresh capital to accelerate its Bitcoin acquisition strategy. Bitcoin holding company Nakamoto Holdings, founded by US President Donald Trump’s crypto adviser, David Bailey, has secured $51.5 million in fresh capital through a private placement in public equity (PIPE) deal, according to a statement from merger partner KindlyMD. Bailey said that the new funds were raised in less than 72 hours, reflecting growing investor appetite for Nakamoto’s Bitcoin (BTC) accumulation strategy. “Investor demand for Nakamoto is incredibly strong,” Bailey said. “We continue to execute our strategy to raise as much capital as possible to acquire as much Bitcoin as possible.” Read more -
Cointelegraph.com - 06:16 Jun 21, 2025
Real Vision CEO Raoul Pal says macroeconomic data suggests the current crypto cycle could extend into Q2 2026. The current crypto market is mirroring the pattern seen in 2017 when Bitcoin posted a steady uptrend throughout the year before skyrocketing in December, says crypto research platform Real Vision CEO Raoul Pal. “It’s spookily similar to 2017,” Pal said in a video on Thursday. Pal said he is starting to forecast a longer crypto cycle this time around given that the business cycle score — a macroeconomic model he uses to track where the global economy is in the broader cycle — is “still below 50” and it generally “takes a while to climb up.” Bitcoin (BTC) started 2017 trading around $1,044 before reaching $2,187 by May 31 and closing the year at $14,156, an approximate 1,255% increase from its price at the beginning of the year, according to CoinMarketCap data. Read more -
Cointelegraph.com - 02:58 Jun 21, 2025
According to a post on CoinMarketCap's X account, the malicious code has been removed, though the team insists the investigation into the incident is still ongoing. CoinMarketCap, a price-tracking website for cryptocurrencies, has reportedly removed a malicious popup notification on its website prompting users to verify their cryptocurrency wallets, according to a post on its official X account. “We’ve identified and removed the malicious code from our site,” CoinMarketCap said in a post on Friday. “Our team is continuing to investigate and taking steps to strengthen our security,” it added. Read more -
Cointelegraph.com - 01:36 Jun 21, 2025
Eric Semler says he enjoys being the “lone voice crying in the wilderness” with Bitcoin as most hedge fund executives think Bitcoin is a “fly-by-night concept.” Eric Semler, chairman of healthcare tech firm Semler Scientific Inc., says many of his hedge fund peers are skeptical about Bitcoin’s future once US President Donald Trump leaves office. “I think that they think it is a fly-by-night concept and that it is probably going to, after the Trump administration, go back down a lot,” Semler told Coin Stories host Natalie Brunell on Thursday. Semler, who also founded hedge fund TCS Capital Management in 2001, made his comments amid skepticism within the crypto industry about how long political support for crypto will last after US President Donald Trump’s administration ends. While Trump recently signed off on a Bitcoin (BTC) Strategic Reserve, some, like JAN3 founder Samson Mow, are concerned that support may potentially unravel under a future president. Read more -
Cointelegraph.com - 00:22 Jun 21, 2025
Bitcoin derivatives traders turned cautious, despite steady inflows to the spot BTC ETFs. Key takeaways: The Bitcoin futures premium dropped to a 3-month low, even with prices just 8% below their all-time high. BTC options metrics turned bearish, despite stock market resilience amid macroeconomic pressure. Read more -
Cointelegraph.com - 22:14 Jun 20, 2025
Many users said they would delete accounts or consider moving to another platform if Reddit were to adopt World’s verification system. Social media platform Reddit is reportedly considering using the iris-scanning orbs developed by World — a project by Tools for Humanity, co-founded by OpenAI CEO Sam Altman — for its user verification system. According to a Friday Semafor report citing two people familiar with the matter, the platform is weighing the World ID system as a way for Redditors to verify that they are unique individuals. The report suggested that the verification system could still allow users to remain anonymous if they chose to do so. In response to the report, many users said they would delete their accounts or consider moving to another platform if Reddit were to adopt the verification system, citing concerns with privacy and anonymity. Read more -
Cointelegraph.com - 22:00 Jun 20, 2025
The consultation period comes as Thailand seeks to clarify regulations for the crypto industry. Thailand’s Securities and Exchange Commission (SEC) has opened a period of consultation for feedback on rules that would allow exchanges or individuals connected to an exchange to issue utility tokens, according to a Friday statement. Under the proposed rules, exchanges would have to disclose the names of anyone associated with the token issuers, which would assist the SEC in monitoring for signs of insider trading. The plan is part of Thailand’s efforts to establish a regulatory framework for the crypto industry. The country announced in May plans to allow tourists to spend crypto via credit cards, just a few days before blocking crypto exchanges OKX and Bybit in the country over concerns about unlicensed operations and money laundering. A month later, it announced a waiver on capital gains tax on crypto sales made through licensed crypto service providers. Read more -
Cointelegraph.com - 20:52 Jun 20, 2025
Bitcoin’s $96 billion in derivatives open interest fuels BTC price momentum near all-time highs, but rising leverage use raises the risk of liquidations and market volatility. Key takeaways: Open interest in Bitcoin futures and options has ballooned to $96 billion, up sharply from 2022 levels. Elevated speculative leverage fuels BTC’s bullish breakouts, but it also raises the risk of cascading liquidations, reminiscent of 2021 volatility. Read more -
Cointelegraph.com - 20:44 Jun 20, 2025
A temporary ban could be imposed as early as autumn based on an investigation into crypto miners’ energy consumption. The government of Norway is considering a temporary ban on crypto mining in the country in an effort to “free up power, network capacity and area for other purposes.” In a Friday notice, the Norwegian government said it would be conducting an investigation in autumn that could result in a temporary ban on crypto mining data centers. Officials said they had the authority to enforce such a ban under Norway’s Planning and Building Act, which includes provisions on allocating energy. “It is uncertain how big a problem crypto mining will become in Norway in the future,” the notice reads. “The registration requirement in the new data center regulations will provide increased knowledge about the scope of data centers that mine cryptocurrency.” Read more -
Cointelegraph.com - 20:00 Jun 20, 2025
Cointelegraph moderated an AI funding panel at the Web Summit conference in Vancouver, Canada. The convergence between blockchain technology and artificial intelligence is intensifying, with key industry figures like Ben Goertzel convinced that AI should be decentralized. This convergence was even highlighted by the World Economic Forum, which argued in 2024 that “Synergies between spatial computing, blockchain and AI will augment our experiences and increasingly guide our interactions with the digital world.” Prominent crypto venture capitalist Marc Andreessen believes control over AI is a top strategic priority for China and the United States, as the two nations enter a “Cold War-style” race for technological dominance. Read more -
Cointelegraph.com - 19:24 Jun 20, 2025
The SEC likely views cryptocurrencies Litecoin, Solana, XRP, Dogecoin, Cardano and others as “commodities.” The likelihood of US regulators approving a wave of crypto exchange-traded funds (ETFs) is now a near certainty, signaling a continued pro-crypto shift at the Securities and Exchange Commission (SEC), according to Bloomberg analysts Erich Balchunas and James Seyffart. In a social media post on Friday, Seffart said he and Balchunas have raised their odds for the vast majority of crypto ETF approvals to “90% or higher,” citing “very positive” engagement from the SEC. The analysts also suggested that the SEC “likely” views cryptocurrencies such as Litecoin (LTC), Solana (SOL), XRP (XRP), and Dogecoin (DOGE) as commodities — a designation that would place them outside of its immediate jurisdiction. Read more -
Cointelegraph.com - 19:15 Jun 20, 2025
The latest reported “wrench attack,” in which criminals targeted individuals for their crypto holdings, occurred in the suburbs of Paris this week. France has reportedly seen another incident targeting cryptocurrency users, this time involving the kidnapping of a 23-year-old man in a Paris suburb. According to a Thursday report from French news outlet Le Parisien, the victim was abducted in Maisons-Alfort and held captive for several hours while the perpetrators demanded his partner to turn over 5,000 euros ($5,764) in cash, along with the key to a Ledger hardware wallet containing an unreported amount of crypto. The report suggested that the criminals used violence to extract information regarding his digital assets. Read more -
Cointelegraph.com - 18:35 Jun 20, 2025
The commission evaluated more than 10 blockchains, including Ethereum, Avalanche, Sui, Stellar and Polygon. The Wyoming Stable Token Commission has shortlisted Aptos and Sei for its stablecoin pilot program, giving Aptos the highest score among the more than 10 blockchains considered for its forthcoming WYST project. Aptos disclosed Friday that it received the highest marks based on the commission’s network testing, scoring 32 points. Solana received an identical score of 32 points, though it was not selected for the pilot phase. Sei, meanwhile, scored 30 points, ahead of Avalanche (27), Ethereum (26), Base (25) and Algorand (21), among others. Read more -
Cointelegraph.com - 18:15 Jun 20, 2025
Bitcoin’s sell-off is accelerating, and most altcoins are following BTC’s path. Will traders buy the dips? Key points: Bitcoin remains stuck in a range, with traders’ expectations divided about the direction of the next significant move. Several major altcoins are showing weakness, suggesting that a wider trend reversal could be at play. Read more -
Cointelegraph.com - 18:12 Jun 20, 2025
Coinbase joins other exchanges such as OKX and Bybit that have secured MiCA licenses in a bid to take advantage of regulatory clarity in Europe. Coinbase has secured a Markets in Crypto-Assets (MiCA) license from the Luxembourg Commission de Surveillance du Secteur Financier, which enables the exchange to offer crypto products across European Union countries. The move signals mounting competition in the European crypto market, where other exchanges have also been pursuing registrations. OKX and Crypto.com secured MiCA licenses in January, followed by Bybit in May. Gemini is also on track to obtain a license in the region, according to a Reuters report. Coinbase has named Luxembourg as its new European headquarters, citing the country’s reputation as a progressive financial center in Western Europe. Bordered by Belgium, France and Germany, the country has been gradually advancing crypto regulations since 2019. Read more -
Cointelegraph.com - 18:00 Jun 20, 2025
Over 28% of Ether’s supply is now locked, signaling tightening liquidity conditions, as more Nasdaq-listed companies establish corporate crypto reserves. Despite another week of downside for the cryptocurrency market, the staked Ether supply reached a new all-time high, meaning over 28% of the token’s supply is now locked in exchange for passive income. A growing staked Ether (ETH) supply indicates that more investors are preparing to hold their tokens, instead of selling at current prices. Meanwhile, publicly-traded companies continue establishing corporate cryptocurrency reserves, signaling increased institutional adoption of digital assets beyond Bitcoin (BTC). Read more -
Cointelegraph.com - 17:45 Jun 20, 2025
Bitcoin may hold above $100,000 throughout summer, but seasonal trading data suggests minimal upside in Q3. Key takeaways: Analysts say Bitcoin is trading more like a risk asset than a safe haven like gold, undermining its “digital gold” narrative. A potential Fed rate cut in July may boost Bitcoin, but historical data shows Q3 tends to be flat, with only a 1% median return from June to September. Read more -
Cointelegraph.com - 17:13 Jun 20, 2025
The ride-hailing giant has reportedly offered AI “coders for hire” since at least November. Ride-hailing giant Uber is promoting its data labeling services to potential clients following Meta’s 49% acquisition of Scale AI — a move that reportedly unsettled some companies previously partnered with Scale, including OpenAI and Google. In an interview with Fortune, Uber executive Megha Yethadka said the company is expanding its AI business by offering large-scale data sets and tools to organizations developing in-house AI models. This includes licensing Uber’s data labeling platform and related technologies to help customers build AI agents. “For Uber, our core has always been being the platform of choice for flexible on-demand work,” Yethadka said. “That extends itself really well to this business of digital tasks now.” Read more
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