Cointelegraph.com
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Cointelegraph.com - 22:07 Jun 16, 2025
The project said several wallets had “coordinated a liquidity attack with an egregious malicious attempt” followed by “aggressive ZKJ sell-offs.” The team behind Polyhedra Network reported several factors that likely contributed to an 83% price crash of its ZKJ token on Sunday. In a Monday X post, Polyhedra attributed five significant factors causing Polyhedra Network (ZKJ) to fall to $0.32 from $1.92 within hours — a drop of more than 80%. According to the blockchain project, there were “significant token deposits stemming from a coordinated on-chain liquidity attack, substantial deposits by Wintermute into centralized exchanges, and cascading liquidations on these exchanges.” Polyhedra said several wallets had “coordinated a liquidity attack with an egregious malicious attempt,” with withdrawals targeting a ZKJ/KOGE liquidity pool on PancakeSwap, followed by “aggressive ZKJ sell-offs.” The affected trading pairs had fragile and imbalanced liquidity, leading the sell pressure to extend into ZKJ’s primary USD... -
Cointelegraph.com - 20:57 Jun 16, 2025
US President Donald Trump promoted a 250th anniversary celebration of the Army that coincided with his birthday, leading to a sharp divide in how many Americans spent June 14. Update (June 16 at 10:13 pm UTC): This article has been updated to include more information on Coinbase’s financial contribution. Coinbase is facing backlash from crypto users after sponsoring the 250th anniversary celebration of the US Army in Washington, D.C. In a June 16 X post, Adam Cochran, a partner at venture capital firm Cinneamhain Venture, said he would be exiting his positions at Coinbase — stocks, bonds, and moving crypto assets — following the exchange’s sponsorship of the military parade. Read more -
Cointelegraph.com - 20:30 Jun 16, 2025
Eric Trump is 'biggest fan' of Justin Sun, but denies involvement in Tron’s public venture
Tron will go public in the US through a reverse merger with SRM Entertainment, a Nasdaq-listed company. Eric Trump, a son of US President Donald Trump, has denied reports that he will be involved in blockchain network Tron’s intent to pursue a public offering in the United States, though he had positive things to say about the project’s founder, Justin Sun. “I’m the biggest fan of Tron,” Trump said on social media, adding that he admires Sun and considers him a “great friend and icon in the crypto space.” However, he denied an earlier report by the Financial Times claiming that he would be part of Sun’s new public venture. Read more -
Cointelegraph.com - 19:20 Jun 16, 2025
Bitcoin gains momentum as spot BTC ETF inflows and stable derivatives data offset investors’ war and inflation concerns. Key takeaways: Bitcoin shows strength amid tensions in the Middle East and rising oil prices. Spot BTC ETF inflows and neutral derivatives markets signal steady market confidence. Read more -
Cointelegraph.com - 18:16 Jun 16, 2025
Altcoins remain in a consolidation phase even as Bitcoin price looks ready to take a stab at new all-time highs. Key points: Bitcoin made a decisive break above $106,000, setting the stage for a possible retest of the all-time high at $111,980. Most major altcoins remain in a range, but HYPE has resumed its uptrend. Read more -
Cointelegraph.com - 17:45 Jun 16, 2025
Ether price has significantly underperformed in 2025, but institutional demand for Ethereum staking is growing, says Lido Foundation’s Kean Gilbert. Ether has significantly underperformed Bitcoin and other digital assets this market cycle, but growing institutional interest in Ethereum staking is driving demand for custody solutions to support a wider range of investors, according to Kean Gilbert, head of institutional relations at the Lido Ecosystem Foundation. On May 27, Komainu, a regulated digital asset custody provider, began offering custody support for Lido Staked ETH (stETH), which is Ethereum’s largest staking token, accounting for 27% of all staked Ether (ETH). The custody solutions are available for institutional investors in Dubai, United Arab Emirates, and Jersey, the autonomous self-governing territory of the British Islands. Read more -
Cointelegraph.com - 16:53 Jun 16, 2025
Over the next 10 to 20 years, Bitcoin price could increase by another 100X. At least that’s what one early BTC investor believes. Key takeaways: Brad Mills forecasts a 100X Bitcoin rally driven by institutional adoption, halving-induced scarcity, and retail-focused technology developments. The US Strategic Bitcoin Reserve, initiated with 200,000 BTC, marks a policy shift toward long-term government-held Bitcoin monetary policy. Read more -
Cointelegraph.com - 16:12 Jun 16, 2025
Gemini is set to receive approval from Malta, while Coinbase is expected to get the green light from Luxembourg, according to Reuters. Crypto exchanges Gemini and Coinbase are reportedly set to secure licenses to operate in the European Union, marking a significant step in their expansion under the newly implemented Markets in Crypto-Assets (MiCA) regulations. Gemini is on track to receive approval from Malta, while Coinbase is expected to obtain its license through Luxembourg, Reuters reported Monday, citing unnamed sources familiar with the matter. A Coinbase spokesperson declined to comment on the specific application but told Reuters that Luxembourg is a “well-respected global financial center.” Read more -
Cointelegraph.com - 15:00 Jun 16, 2025
Cointelegraph teams up with Nansen, the leading onchain analytics platform, to integrate real-time blockchain data into its content, empowering millions of crypto investors and teams with deeper insights into DeFi, Web3 and market trends. Cointelegraph has entered into a partnership with leading blockchain analytics platform Nansen, establishing Nansen as the go-to onchain data source across Cointelegraph’s global news desk, ensuring that millions of crypto readers have access to actionable, real-time insights directly from the blockchain. Nansen is the leading onchain analytics platform, delivering real-time onchain intelligence to traders, investors and builders. Through AI-powered tools and surfacing actionable insights, Nansen empowers users to navigate crypto markets with confidence — enabling onchain discovery, due diligence and defense. The partnership formalises a push by media outlets to deepen native access to blockchain data as reporting on decentralized finance (DeFi), smart money, memecoins and o... -
Cointelegraph.com - 15:00 Jun 16, 2025
The crypto community is missing the opportunity to reimagine rather than transpose rulemaking for financial services. More technologists must join the regulatory conversation. Opinion by: Daniel Taylor, head of policy at Zumo Peer inside the average crypto regulatory consultation meeting, and you will quickly notice a distinctive pattern: throngs of TradFi lawyers and ex-financial services personnel responding to documents written by financial services regulators, laying down the law of how crypto asset activities will be carried out in the future. It speaks to the almost parallel worlds we have seen in crypto. On the one hand, there are the integrators, the assimilators and the “mainstream adopters.” On the other hand, the technological cutting edge is almost wholly removed. Read more -
Cointelegraph.com - 14:31 Jun 16, 2025
The move by Nasdaq-listed SRM Entertainment comes amid a regulatory thaw between the US Securities and Exchange Commission and Tron founder Sun. Nasdaq-listed SRM Entertainment is set to launch a Tron corporate treasury of up to $210 million and change its name to Tron Inc., the company announced on Monday. According to the announcement, SRM entered a securities purchase agreement with a private investor for a $100 million equity investment to fund its Tron (TRX) treasury strategy. Tron founder Justin Sun will join the company as an adviser. As part of the deal, SRM Entertainment will issue 100,000 shares of its Series B convertible preferred stock. This stock can be converted into a total of 200 million shares of common stock at a conversion price of $0.50 per share, and 220 million warrants to acquire up to an aggregate of 220 million shares of common stock at an exercise price of $0.50 per share. Read more -
Cointelegraph.com - 14:20 Jun 16, 2025
Dough Finance shuttered after a $2.5-million hack. Its recycled founders returned with a new project, with Trump’s backing. In July 2024, Dough Finance, a Florida-based DeFi platform promising leveraged “looping” returns, fell prey to a flash-loan exploit that drained $2.5 million from user accounts. The exploit not only wiped out investor funds but also brought operations to a halt. Chase Herro and Zak Folkman founded Dough Finance in 2024 in Florida. The platform attracted investors by offering high-risk DeFi strategies such as looping, a process where traders reuse borrowed crypto. Here’s how looping works: Read more -
Cointelegraph.com - 14:17 Jun 16, 2025
The demand for an offline digital cash option has been intensifying since Russia invaded Ukraine. Is there a role for blockchain? The Ukraine-Russia War has shaken up the world in many ways. For the Nordic countries, two of which share borders with Russia (Finland and Norway), a military invasion is no longer unthinkable. For Sweden, it may also be prompting second thoughts about its “cashless society.” According to a recent report in The Guardian, Sweden is worried about hybrid warfare attacks from Russia, including cyberwarfare. This can take down critical infrastructure like power grids on which digital payment networks depend. The Swedish government has even advised its citizens to put aside some “cash” — just in case. “Nordics are walking back the cashless society initiative because their centralized implementation of the concept is too fragile. Cash turns out necessary as a backup,” Ethereum co-founder Vitalik Buterin posted on May 25, referencing The Guardian story. Read more -
Cointelegraph.com - 14:00 Jun 16, 2025
The Cointelegraph Decentralization Guardians (CTDG) initiative is operational with validators on Solana, Chiliz, Polkadot, Coreum, Canton and Mantra. Cointelegraph is evolving from industry commentary to active participation in securing Web3 with the launch of the Cointelegraph Decentralization Guardians (CTDG) initiative, debuting live, institutional-grade validators on major blockchains including Solana, Chiliz, Polkadot, Coreum, Canton and Mantra. The CTDG initiative functions as a multi-faceted program that combines running high-performance validator nodes across leading blockchain ecosystems with public education, data-driven network monitoring and increased visibility for partner protocols. Merging media operations with Web3 success support positions Cointelegraph as a direct contributor to the health and security of the industry it covers. The program’s mainnet validators are live, and its public dashboards are tracking key network statistics and validator performance. These tools are accompanied by ne... -
Cointelegraph.com - 13:45 Jun 16, 2025
Trump’s social media platform, Truth Social, proposed the issuance of a dual-spot Bitcoin and Ether ETF, backed by assets held by Crypto.com. US President Donald Trump’s social media platform, Truth Social, filed an S-1 form with the US Securities and Exchange Commission to launch a dual exchange-traded fund (ETF) for Bitcoin and Ether. Filed on Monday, the S-1 form proposes the issuance and trading of Truth Social Bitcoin and Ethereum ETF, sponsored by the asset management firm Yorkville America Digital. The trust seeks to provide investors with exposure to both Bitcoin (BTC) and Ether (ETH) by offering shares backed by the crypto assets, removing the complexities stemming from direct investment. Read more -
Cointelegraph.com - 13:25 Jun 16, 2025
Yes, you can mine Bitcoin with a gaming PC — but between low performance, high electricity costs and tough competition from ASIC miners, it’s rarely worth the effort. As of May 2025, Bitcoin mining is looking attractive again. With Bitcoin (BTC) trading around $95,000 and transaction fees hitting new highs after the 2024 halving, mining rewards — though smaller — are worth chasing. From home setups to industrial-scale farms, the question of whether Bitcoin mining is profitable is back in the spotlight. And if you’re a gamer, chances are you’ve looked at your rig and wondered: Can a gaming PC mine crypto? After all, modern gaming computers are packed with powerful GPUs, solid cooling and lots of downtime, especially if you’re not gaming daily. It’s a fair question: Can you mine Bitcoin with a gaming PC? Read more -
Cointelegraph.com - 13:23 Jun 16, 2025
VCs time exits around unlock schedules, use OTC deals, stagger sells and monitor market sentiment to maximize profits and minimize impact. Token unlocks release previously locked tokens into circulation, often leading to increased volatility and price drops. Vesting schedules (cliff + linear release) aim to align early stakeholders’ incentives with long-term project success. VCs use advanced strategies such as OTC deals, staggered sales and derivatives to exit profitably and avoid crashing the market. Read more -
Cointelegraph.com - 12:43 Jun 16, 2025
The Central American country has continued its daily Bitcoin investments despite a non-accumulation deal struck with the IMF in December 2024. El Salvador, the world’s first country to adopt Bitcoin as legal tender, has continued buying the cryptocurrency despite a $1.4 billion loan agreement with the International Monetary Fund (IMF) that included provisions discouraging further accumulation. The government’s treasury wallet currently holds 6,209 Bitcoin (BTC), having added 240 BTC since Dec. 19, 2024, after the IMF deal was announced, according to data from El Salvador’s Bitcoin Office. In December, El Salvador struck a deal with the IMF for a $1.4 billion loan, which required the government to drop Bitcoin’s status as a legal tender and stop its public BTC accumulation. Read more -
Cointelegraph.com - 12:11 Jun 16, 2025
Strategy’s latest Bitcoin purchases were made following Strategy’s STRD, its third Bitcoin-backed preferred stock, launching on the Nasdaq on Wednesday. Michael Saylor’s Strategy, the world’s largest corporate holder of Bitcoin, disclosed its latest BTC purchases made last week amid escalating geopolitical tensions in the Middle East. Strategy acquired 10,100 Bitcoin (BTC) for $1 billion during the week ending Sunday, the company officially announced on Monday. The purchases were made at an average price of $104,080 per coin, with Bitcoin dropping from $110,000 on June 9 to an intraweek low of $103,639 on Thursday, following the news that Israel had struck Iranian nuclear facilities. Read more -
Cointelegraph.com - 11:36 Jun 16, 2025
Bitget partners with UNICEF Luxembourg in a three-year effort to empower girls in eight countries with science, technology, engineering and math (STEM) skills. Crypto exchange Bitget signed a three-year partnership with the United Nations Children’s Fund (UNICEF) Luxembourg to advance digital skills and blockchain literacy among young people, according to a Monday announcement. The agreement brings Bitget into the Game Changers Coalition led by UNICEF’s Office of Innovation. The initiative aims to reach 300,000 participants — including adolescent girls, parents, mentors and teachers — across eight countries: Armenia, Brazil, Cambodia, India, Kazakhstan, Malaysia, Morocco and South Africa. Read more
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