Found 11109 news
One Binance customer said he lost the equivalent of more than $132,000 from the crypto exchange’s derivatives offerings before restrictions were imposed on Binance. Almost 1,700 UK investors are reportedly suing Binance and its founder Changpeng Zhao for 150 million British pounds ($200 million), alleging the crypto exchange offered and sold crypto derivatives without regulatory approval. The law firm representing the investors, KP Law, said Binance’s leverage tokens, futures contracts and options offerings breached the Financial Services and Markets Act 2000 and that these products continued to be offered after the Financial Conduct Authority banned such products from being offered to retail customers in January 2021. “There appeared to be no effective barrier preventing UK customers from accessing them,” the law firm said. Read more
Strategy's latest plan includes MSTR and STRC buybacks, expanded cash reserves and even potential Bitcoin sales. Will it be enough to defuse the overheated “death spiral” fears? With Bitcoin plunging below $60,000 and Strategy’s share price down by more than 70% from the high, some crypto investors are questioning if Strategy could become this cycle’s Terra/LUNA — a highly leveraged bet on crypto market structure that explodes under stress. The company's response? A new capital framework released on Monday aimed at addressing investors’ fears. The package includes up to $1 billion in buybacks for MSTR, up to $1 billion in buybacks for STRC and related securities, an increase in STRC’s dividend to roughly 12%, and a cash buffer expansion to $2.55 billion. Read more
Bitcoin's recent selloff brought it within 10% of its realized price — a line that has marked the bottoming zone in Bitcoin's previous bear markets. Bitcoin (BTC) is fast approaching a buying level that analysts describe as a top “investment opportunity.” Key points: Read more
The amended complaint, granted by a judge on Tuesday, included allegations that Kalshi targeted users under 21 years old through social media and marketing on university campuses. Prediction markets platform Kalshi’s legal battle against Massachusetts will continue after a judge ruled that state authorities could add allegations against the company over sports betting. In a Tuesday filing in Suffolk County Superior Court, associate justice Peter Krupp allowed state authorities to file a 71-page amended complaint, building on a filing alleging that Kalshi engaged in sports wagering in violation of state laws. The amended complaint included allegations that Kalshi “targets those under 21 years of age and does little to stop them from using its platform,” citing the company’s marketing to university campuses and presenting images in ads of people who “appear to be younger than 21 years old.” Read more
Tokenization and RWA TVL growth highlight Ethereum’s fundamentals, but stagnant DApps and spot ETF outflows keep the pressure on ETH price. Key takeaways: Ether (ETH) has failed to sustain prices above $1,600 since Thursday, following the broader cryptocurrency market's downtrend. Lower oil prices created a positive tone that fueled investors’ hopes for more expansionist monetary policy. That setup favors stocks and pushes bond yields higher. Traders now fear that ETH will not hold the $1,500 support level for long. Spot Ether ETF outflows void the impact of accumulation from Ether treasury companies. Read more
The request from the US agency seeks feedback on how emerging ETF structures and investment strategies should be regulated as issuers roll out increasingly specialized products. The US Securities and Exchange Commission (SEC) has requested public comment on exchange-traded funds (ETFs) investing in novel asset classes or using new investment strategies, as the agency reviews how such products should be regulated. The consultation seeks feedback on whether existing rules adequately address novel ETFs, how such funds should be regulated and whether changes to the registration process are needed as new products enter the market. According to the regulatory agency, the request focuses on funds investing in innovative asset classes or employing new investment strategies, where it is evaluating whether existing regulations remain appropriate. Read more
The project, supported by Visa, Mastercard and many crypto companies, could be in a position to challenge Tether’s USDT and Circle’s USDC, currently the two largest stablecoins by market capitalization. More than 140 companies have signed onto a US dollar-pegged stablecoin project that allows them to “receive all of the earnings” from its reserves. In a Tuesday notice, Open Standard said it was launching the Open USD (OUSD) stablecoin, a US dollar-pegged coin supported by financial companies including Visa and Mastercard, as well as crypto companies Coinbase, Ripple, OKX and Bybit. The project will allow businesses to mint OUSD “at no cost and with no artificial limits on volume,” and keep earnings from the coin’s reserves. “When Visa, Stripe, Mastercard, Coinbase and Google coordinate on a new stablecoin, the signal is unmistakable,” said Rhino.fi co-founder and CEO Will Harborne. “Open USD is the first launch with a real chance to win share from USDT and USDC, because reserve revenue flows back to everyone ...
The partnership extends distribution of Nasdaq's TotalView market data to blockchain applications and other software platforms through Pyth's marketplace. Nasdaq has selected Pyth, an onchain financial data network, to distribute its proprietary market data to blockchain applications and other software platforms. The partnership initially covers Nasdaq TotalView, the exchange’s depth-of-book data feed, which includes every displayed buy and sell order across all price levels as well as order imbalance data around the opening and closing auctions. The feed is widely used by professional traders because it provides a more complete view of market liquidity than standard market quotes by displaying the full order book. According to Pyth, the marketplace gives software applications access to first-party market data through a single integration. The company said the service is intended for blockchain applications, digital asset exchanges, prediction markets, trading systems and other software platforms. Read more
Bitcoin faced downside pressure as the US dollar hit its highest levels against the Japanese yen since 1986, while BTC price analysis revealed "capitulation" by 2025 top-buyers. Bitcoin (BTC) fell toward $58,000 around Tuesday’s Wall Street open as the clock ticked down to a brutal quarterly close. Key points: Read more
Bitcoin miners have the power sites AI companies need, but turning old mining campuses into real data center revenue is no easy pivot. By the end of 2025, the power capacity tied to artificial intelligence data centers worldwide had reached about 29.6 gigawatts (GW), enough to run all of New York state at peak demand, according to Stanford University’s annual report on the AI industry. The report, released in April, suggests that compute itself is abundant and getting cheaper. Permitted, grid-connected, ready-to-draw electricity is in high demand, but the sources to power it are much harder to come by. One industry has spent the past decade quietly building exactly that infrastructure for a different reason: Bitcoin mining. Read more
The crypto industry, big tech and gambling interest groups are betting big on politicians in the 2026 primaries and elections, with almost $300 million shelled out so far. The US consumer advocacy group Public Citizen on Tuesday reported that the cryptocurrency industry had contributed $189 million toward the 2026 election cycle, following its 2024 playbook. According to a report released Tuesday, the nonprofit organization said that about 37% of all corporate contributions in the 2026 US election cycle could be traced to crypto companies, totaling about $189 million so far, with more than four months until the November election. While the watchdog group said that the crypto-aligned political action committee (PAC) Fairshake was responsible for spending more than $82 million so far, the MAGA Inc. Super PAC, largely backed by Crypto.com, had spent more than $56 million. Read more
The majority of businesses surveyed are likely to use stablecoins within the next 12 months, while regulatory clarity remained the biggest barrier to wider adoption. Business use of stablecoins is poised to surge in the next 12 months as adoption of the digital currency goes mainstream, according to a new report from payments infrastructure firm Cybrid. The report found 42% of businesses surveyed are already using stablecoins for cross-border payments and 88% of respondents said they are likely or very likely to use stablecoins within the next 12 months. Still, only 2% identified as committed users of traditional payment rails. Businesses using stablecoins reported average cross-border payment cost savings of 35%, with companies processing more than $100 million in monthly payment volume reporting average savings of up to 47%, according to the survey. Read more
MetaMask launches Money Account it says offers up to 4% variable APY on mUSD stablecoin balances and card spending, with DeFi-powered yield via vaults, excluding the UK and sanctioned jurisdictions. Update, June 30, 6:13 pm UTC: This article has been updated to correct the availability of MetaMask Money Account. Consensys said the Money Account is unavailable in the United Kingdom and sanctioned jurisdictions, not the European Union. MetaMask, a self-custodial wallet developed by Consensys, is launching a new product that it says lets users earn yield on its MetaMask USD (mUSD) stablecoin and spend it via a card exclusively on the Monad blockchain. The company on Tuesday announced the launch of Money Account, a product it says offers up to 4% variable annual percentage yield (APY) on eligible stablecoin deposits in supported jurisdictions. Read more
OKX launched a beta marketplace for the agentic economy, enabling AI agents to autonomously find work and collaborate with other agents. Cryptocurrency exchange OKX has rolled out the beta launch of its marketplace for artificial intelligence (AI) agents. The OKX AI platform enables users to list their own AI agents, enables AI agents to find work, transact autonomously and build an onchain reputation, according to a Tuesday announcement shared with Cointelegraph. The platform connects two marketplaces: An agent marketplace where builders can earn income by listing their AI agents for services and a task marketplace where agents post work and find other agents for their tasks. Read more
Strategy’s new Bitcoin capital framework draws Wall Street backing from Benchmark with a $570 per share target even as traders question long-term demand risk. Michael Saylor’s Strategy won support from some Wall Street analysts after unveiling a new capital framework, but the changes also sparked debate over the company’s long-term Bitcoin strategy and sustainability. Benchmark Equity Research on Monday reiterated its Buy rating on Strategy’s Class A stock MSTR and maintained a 12-month price target of $570, according to a report reviewed by Cointelegraph. Strategy's common Class A stock, MSTR, rose 12.6% to about $92.70 on Monday, while its STRC preferred shares climbed 12.2% to around $83.70, according to TradingView and Yahoo Finance. Read more
The onchain capital markets platform allocated $20 million to Fidelity International's tokenized liquidity fund as tokenized Treasury products continue to attract institutional capital. Theo, an onchain capital markets platform, has invested $20 million in Fidelity International's USD Digital Liquidity Fund (FILQ). Theo said the investment makes it the first crypto-native platform to allocate capital to the asset manager's tokenized fund. Executed through Sygnum, a Swiss digital asset bank that provides regulated banking, custody and tokenization services for institutional clients, the allocation adds FILQ to Theo's institutional tokenized Treasury product, thBILL. FILQ is a Moody's Aaa-mf-rated tokenized US dollar liquidity fund built on Sygnum's Desygnate platform that invests in diversified short-term money market instruments designed to preserve capital and liquidity. Chainlink provides onchain net asset value and distribution data for the fund through its Runtime Environment, while JPMorgan receives and ...
The record Bitcoin supply held by long-term holders may suggest that the crypto market bottom will come early, according to Swan’s Cory Klippsten. The Bitcoin holding level of long-term investors has reached a record high of 14.7 million Bitcoin, which could suggest that the crypto market bottom will come early, according to Cory Klippsten, CEO of Swan Bitcoin. “We're at an all-time high of BTC held in addresses of long-term holders,” Klippsten told Cointelegraph in an interview, which he said has “marked cycle lows historically.” Bitcoin (BTC) supply held by long-term holders reached 14.7 million BTC on Wednesday, an all-time high that “signals continued conviction” among seasoned investors, according to crypto analytics platform Glassnode. Read more
“The crypto industry shouldn’t need wake-up calls from the White House or anyone else,” said StarkWare CEO Eli Ben-Sasson. Zero-knowledge scaling company StarkWare has released a quantum-resistant roadmap for Starknet, arguing that other chains will remain exposed if the industry is “too stubborn or stupid” to act. In an announcement on Tuesday, Starknet framed its three-phased quantum-resistant roadmap as evidence that the crypto industry has no excuse for remaining vulnerable to future quantum computing attacks. “The tried-and-tested cryptography exists to secure every crypto key in the world, if necessary changes are made, and the only reason anyone will remain vulnerable is if heads remain buried in the sand,” said Eli Ben-Sasson, CEO at StarkWare. Read more
Spiko integrated Coinbase Payments into two EU regulated UCITS Treasury funds, enabling USDC and EURC subscriptions and redemption payments through Base. Investment firm Spiko has integrated Coinbase’s stablecoin payment infrastructure into two regulated EU Treasury-bill funds, allowing eligible investors to fund subscriptions and receive redemption proceeds using USDC and EURC. Coinbase said Tuesday the integration covers Spiko’s EU T-Bills Money Market Fund and US T-Bills Money Market Fund. Both are structured as Undertakings for Collective Investment in Transferable Securities, or UCITS. Coinbase Payments will provide the payment, wallet and application programming interface (API) infrastructure, with the transactions settling on Base, Coinbase’s layer-2 network. The exchange said the products are the first UCITS funds in Europe to accept direct stablecoin payments. Read more
Nasdaq-listed Solana Company has signed a memorandum of understanding with Kazakhstan's Alatau City, which seeks to become a key crypto hub in Central Asia. Nasdaq-listed crypto treasury firm Solana Company signed an agreement to support the development of Alatau City, Kazakhstan’s planned digital-first megacity. The company signed a memorandum of understanding to advise and help build Alatau City’s blockchain and crypto infrastructure during the Alatau City Roadshow in Shenzhen and Hong Kong in June, which reportedly secured 30 cooperation agreements with a combined investment potential of over $6 billion. “We look forward to deepening this partnership and expanding the Solana ecosystem's footprint across the region,” said Solana Company chair and CEO Joseph Chee. Read more11109 items