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Found 11109 news

  • Gaming groups urge Congress to ban prediction markets sports betting in CLARITY Act
    Cointelegraph.com - 21:37 Jun 17, 2026
    Gambling industry groups want the US Senate to step in to clarify that the Commodity Futures Trading Commission does not have the authority to oversee prediction markets. Several national gaming and tribal organizations and labor groups have reportedly called on the US Senate to add language “that explicitly prohibits event contracts tied to sports and casino-style gaming” in the Digital Asset Market Clarity (CLARITY) Act. According to a Wednesday Semafor report, groups tied to sports betting, including the Indian Gaming Association and American Gaming Association have united against what they called gambling on prediction markets. They requested that the US Congress use the CLARITY Act now under consideration in the Senate to affirm that “sports betting falls outside the [Commodity Futures Trading Commission’s] remit and cannot be offered through prediction market platforms.” “While our organizations may differ on other issues, including gambling policy, we are united in our concern that prediction markets h...
    Tags: Congress CLARITY
  • Crypto-backed GOP candidate wins Alabama Senate runoff with June primaries looming
    Cointelegraph.com - 20:51 Jun 17, 2026
    Several more US states are scheduled to hold primaries next week after one Republican candidate won in Alabama on Tuesday after a crypto company-backed PAC used what it called its “biggest spend of the cycle.” More than $12 million in crypto-aligned political action committee (PAC) media buys helped propel Barry Moore to victory in Tuesday's Alabama Republican US Senate runoff over Barry Moore. The runoff was necessary after neither candidate was able to secure a majority of the vote on May 19, Moore will be the Republican candidate for a US Senate seat in Alabama, facing off against Democrat Everett Wess. Moore won with 55.8% of the vote to Hudson’s 44.2%, giving him an opportunity to replace outgoing Republican Senator Tommy Tuberville. Filings with the Federal Election Commission (FEC) showed that the Defend American Jobs PAC, a committee affiliated with the cryptocurrency company-backed Fairshake, spent more than $12 million on media and ads to back Moore’s candidacy in the May 19 primary and Tuesday’s ru...
  • Bitcoin capitulation ‘twice as weak’ after spot liquidity turns supportive: Glassnode
    Cointelegraph.com - 20:26 Jun 17, 2026
    Bitcoin’s realized losses fell by 46% as increasing bid-side liquidity points to easing sell pressure. Can bulls push BTC price back above $70,000? Bitcoin's (BTC) latest bout of panic selling produced significantly smaller realized losses than those seen during the February correction. Realized losses peaked at $1.4 billion during the June decline, compared to $2.6 billion in February, while the buy-side liquidity on Binance strengthened above recent lows at $60,000, according to Glassnode. BTC realized drop 46% from February highs Bitcoin's realized profit-to-loss ratio has fallen into capitulation territory, signaling that loss-taking continues to outweigh profit-taking across the market. The 30-day smoothed ratio currently sits near 0.28, one of the lowest readings of the year. Read more
    Tags: Glassnode Bitcoin
  • Bybit lands on Singapore MAS Investor Alert List
    Cointelegraph.com - 20:01 Jun 17, 2026
    Crypto exchange Bybit has been added to Singapore’s MAS Investor Alert List, which flags entities that may be mistakenly perceived as licensed or regulated. Crypto exchange Bybit has been added to the Monetary Authority of Singapore’s (MAS) Investor Alert List, a registry designed to warn consumers about entities that may be wrongly perceived as licensed or regulated by the financial watchdog. Bybit Fintech Limited and Bybit appeared on the MAS alert list on Wednesday, although the regulator did not provide a specific reason for their inclusion. Bybit Fintech Limited, the corporate entity behind the exchange, appears on the MAS Investor Alert List website. Source: MAS Read more
    Tags: Bybit
  • Blockchain.com deepens onchain stock offerings as tokenized equities market grows
    Cointelegraph.com - 19:32 Jun 17, 2026
    The rollout in collaboration with Ondo Finance broadens access to tokenized traditional assets as demand for onchain stocks and ETFs continues to grow. Crypto platform Blockchain.com has added 173 tokenized stocks and exchange-traded funds through a partnership with Ondo Finance, bringing its catalog of tokenized traditional assets to more than 430 offerings across Ethereum, Solana and BNB Chain. According to an announcement on Wednesday, the new listings include tokenized exposure to private company shares, active exchange-traded funds, Treasury products and covered-call strategies, with Blockchain.com highlighting SpaceX's SPCX token among the additions. The expansion also adds themed baskets tied to AI infrastructure, energy, robotics, autonomous vehicles and quantum computing, alongside income-focused products from Global X and other issuers. Read more
    Tags: Blockchain
  • Altcoin selling tops $266B as capital rotates out of crypto: Is altseason extinct?
    Cointelegraph.com - 19:23 Jun 17, 2026
    Altcoin spot demand fell to its weakest level in six years while the stablecoin market cap, stocks and AI industry continued to capture investors’ attention. Altcoin markets (excluding Ether (ETH)) recently saw $266 billion in net selling volume on centralized exchanges, the deepest reading since the metric began tracking spot demand in 2020. Altcoins accounted for 51% of Binance futures trading volume on June 16, compared with 28.85% for Bitcoin and 20.20% for Ether, positioning the exchange as a leader in derivatives activity in 2026. The divergence between record selling and dominant trading activity points to capital rotating within crypto and also into alternative exchange products. Read more
    Tags: Altcoin
  • Kalshi adds software partner as it looks to boost prediction market surveillance
    Cointelegraph.com - 17:51 Jun 17, 2026
    The collaboration comes as US state regulators and the CFTC battle over oversight of event-based contracts. Prediction market Kalshi has partnered with compliance software provider StarCompliance to launch a monitoring platform designed to help financial companies oversee employee activity on prediction markets, as the sector faces increased scrutiny over insider trading and the use of non-public information. According to Wednesday's announcement, the system is intended to flag employee activity based on transaction volume, trading patterns, market categories and work-hour activity, while giving firms a centralized way to manage investigations and audit records tied to prediction market exposure across onchain and offchain environments. The launch comes days after a federal judge set a December trial date for US Army Master Sgt. Gannon Ken Van Dyke, who prosecutors allege used non-public information about a military operation targeting Venezuelan President Nicolás Maduro to earn more than $400,000 on predicti...
    Tags: Kalshi
  • US lawmakers warn against presidential pardon for Sam Bankman-Fried
    Cointelegraph.com - 17:29 Jun 17, 2026
    The former FTX CEO is currently serving a 25-year sentence after being found guilty on seven felony charges related to the misuse of customer funds. Two US lawmakers on opposite sides of the political aisle are backing a resolution that “under no circumstances should Samuel [SBF] Bankman-Fried receive executive clemency, including a pardon or commutation.” In a resolution to be introduced Wednesday, Republican Senator Cynthia Lummis and Democratic Senator Rubén Gallego warned that should US President Donald Trump grant SBF’s request for a pardon, it would “erase [his] conviction [...] weaken deterrence, and send a deeply damaging message that perpetrators of large-scale financial fraud can escape permanent accountability.” The resolution would be non-binding, as a US president’s pardon power is enshrined in the Constitution. “[The US Senate] affirms that the 25-year sentence imposed upon Bankman-Fried reflects the extraordinary scale and deliberateness of his crimes, his lack of remorse, and the catastrophic ...
  • Trace Finance raises $32M for cross-border stablecoin settlement expansion
    Cointelegraph.com - 15:00 Jun 17, 2026
    The raise comes as stablecoin regulation advances globally and financial firms invest in infrastructure connecting blockchain payments with traditional banking systems. Stablecoin settlement infrastructure company Trace Finance has raised $32 million in a Series A funding round led by CoinFund. Coinbase Ventures, Jump Capital and Paxos were among the investors that participated in the round, the company said Wednesday in a statement shared with Cointelegraph. Trace Finance provides banking, foreign exchange and stablecoin settlement infrastructure for cross-border payments across Latin America. It claims to have processed more than $10 billion in transaction volume and plans to use the fresh capital to expand across LatAm, the US and Asia-Pacific markets. Read more
    Tags: Trace Finance
  • Bitcoin price sets $64.5K week-to-date low as Strategy selling worries return
    Cointelegraph.com - 14:49 Jun 17, 2026
    Bitcoin circled $65,000 after downside BTC price pressure into the FOMC meeting as analysis warned over the impact of Strategy potentially selling more BTC in the future. Bitcoin (BTC) bounced off week-to-date lows into Wednesday’s Wall Street open as corporate sell pressure returned to the radar. Key points: Bitcoin sees a new low for the current weekly candle with the Fed FOMC meeting due in hours. Read more
    Tags: Bitcoin Strategy
  • Ready USDC card halts non-EEA service after issuer change, users report
    Cointelegraph.com - 14:08 Jun 17, 2026
    Users reported losing access to Ready’s USDC card outside the EEA after a card provider change triggered rapid deactivation notices. Ready, a self-custodial crypto wallet and payments company, has reportedly restricted card access for users outside the European Economic Area, according to multiple user reports. Ready has restricted USDC card functionality for users outside the European Economic Area following a change in its card provider, according to notices shared by users on social media. Several users shared screenshots of an in-app notice from Ready stating: “Your Ready Card will be deactivated within the next hour,” citing changes affecting users “primarily outside the EEA.” Read more
  • CoinMENA, Standard Chartered partner on UAE payment rails
    Cointelegraph.com - 13:44 Jun 17, 2026
    CoinMENA will use Standard Chartered to strengthen fiat payment rails in the UAE, while Revolut reportedly secured central bank licenses ahead of a planned local launch. Crypto exchange CoinMENA has entered a banking agreement with Standard Chartered to strengthen fiat payment infrastructure for customers in the United Arab Emirates. Under the agreement, CoinMENA will use Standard Chartered to support fiat on- and off-ramps, client money accounts and virtual account-based transaction management, according to a press release shared to Cointelegraph. The exchange said the arrangement would improve transparency and liquidity settlement with approved global counterparties. In the announcement, Standard Chartered UAE, Middle East and Pakistan CEO Rola Abu Manneh said the UAE had established itself as a leading regulatory environment for digital assets, creating opportunities for financial institutions and regulated firms to collaborate. Read more
    Tags: Standard Chartered CoinMENA
  • Onchain, in court: What happened in crypto legal news this week
    Cointelegraph.com - 13:40 Jun 17, 2026
    The Polymarket insider trading case and a retrial of Tornado Cash co-founder Roman Storm are expected to move forward in late 2026 while former Celsius CEO Alex Mashinsky awaits a response to his motion to vacate his sentence. US prosecutors propose late 2026 retrial for Tornado Cash co-founder Federal prosecutors on Monday submitted a proposed schedule for the potential retrial of Tornado Cash co-founder and developer Roman Storm to begin later this year. Storm was found guilty on one of three charges related to illegal money transmitting in 2025, but a jury deadlocked on two other charges, setting the stage for a potential retrial. US Attorney for the Southern District of New York (SDNY) Jay Clayton Clayton proposed an Oct. 20 final pretrial conference in Storm’s case, signaling a potential trial start date of late October or November 2026. The filing noted that the timeline was subject to the court’s decision on a Rule 29 motion filed by Storm requesting acquittal of the remaining charges. Read more
  • Inveniam to acquire Mantra after turbulent year marked by OM crash
    Cointelegraph.com - 12:54 Jun 17, 2026
    Inveniam announced plans to acquire Mantra, a blockchain project that spent the past year recovering from the collapse of its OM token and prolonged market pressure. Data infrastructure company Inveniam Capital Partners announced plans to acquire layer-1 blockchain Mantra and its affiliated entities, deepening its push into tokenized real-world assets (RWAs). The transaction follows a $20 million strategic investment made by Inveniam in Mantra in August 2025, according to a Tuesday announcement. On May 13, Inveniam launched NVNM Chain, a layer 2 blockchain on Mantra designed to support asset verification without exposing confidential information. Read more
    Tags: Mantra Inveniam
  • China pays closer attention to stablecoins as cross-border role expands
    Cointelegraph.com - 11:02 Jun 17, 2026
    A senior PBOC official called for closer monitoring, stronger regulation and international coordination as stablecoins gain importance in global payments. China’s central bank is paying closer attention to stablecoins as privately issued digital currencies take on a potentially larger role in the international monetary system and cross-border payments. Wang Xin, director general of the Research Bureau at the People’s Bank of China (PBOC), urged authorities to closely monitor the impact of stablecoins while improving international coordination and regulation, Chinese news outlet The Paper reported on Wednesday. “We also need to pay attention to several new areas, such as whether stablecoins will play a more important role in cross-border payments, and how regulation, international coordination and cooperation should proceed,” Wang reportedly said, according to a machine translation. Read more
    Tags: China
  • Bitcoin is setting up 'meaningful floors' in $60K–$70K range: Analyst
    Cointelegraph.com - 11:02 Jun 17, 2026
    Bitcoin’s $60,000–$70,000 cost-basis cluster hints at a bottom, but a bearish daily flag keeps BTC exposed to a deeper selloff toward $50,000. Bitcoin (BTC) showed signs of bottoming inside the $60,000–$70,000 range on Wednesday, according to onchain data shared by a quant analyst. Key takeaways: Nearly 20% of BTC supply now sits between $60,000 and $70,000, strengthening the case for a Bitcoin price floor. Read more
    Tags: Bitcoin
  • Bitcoin trader warns of 'bearish reaction' to FOMC with $64K now essential
    Cointelegraph.com - 10:12 Jun 17, 2026
    Bitcoin approached important near-term support on new Fed Chair Kevin Warsh's first FOMC day with a $55,000 BTC price target still on the table. Bitcoin (BTC) fell below $65,000 on Wednesday as traders predicted the impact of a key macro event. Key points: Bitcoin approaches the next Fed interest-rate decision near important support. Read more
    Tags: Bitcoin FOMC
  • Hyperliquid's $10B open interest coincides with growth in equity-linked markets: Talos
    Cointelegraph.com - 10:03 Jun 17, 2026
    Hyperliquid’s $10 billion open interest milestone shows growing demand for onchain equities and commodities trading with 24/7 accessibility, according to Talos. Hyperliquid's perpetual futures open interest recently exceeded $10 billion as the platform expanded into equity-linked products, commodities and synthetic pre-IPO trading. Hyperliquid is now the third-largest perpetual futures exchange, with growth driven primarily by crypto assets and supported by expanding trading in equities, commodities and indexes through Hyperliquid Improvement Proposal-3 (HIP-3), according to digital asset infrastructure provider Talos. Talos said in a Tuesday report that about $4 billion of open interest is attributable to HIP-3 builder-deployed perpetual markets. Read more
    Tags: Hyperliquid's Talos
  • BitGo courts crypto firms awaiting MiCA approval amid Binance licensing concerns
    Cointelegraph.com - 09:02 Jun 17, 2026
    BitGo launches a MiCA-compliant crypto infrastructure platform in Europe as exchanges face pressure to meet July 1 licensing rules across the EU. BitGo, a crypto custody company, is moving into Europe’s tighter regulatory landscape as exchanges race to maintain access ahead of a key licensing deadline. BitGo Europe launched a crypto-as-a-service platform aimed at meeting the European Union’s Markets in Crypto-Assets Regulation (MiCA), the company said in a statement shared with Cointelegraph on Wednesday. BitGo CEO Mike Belshe said companies shouldn’t leave users waiting during licensing delays, arguing that regulated infrastructure can keep platforms active in the meantime. Read more
    Tags: BitGo Mica
  • Congress reaches deal on housing bill with CBDC ban until 2030
    Cointelegraph.com - 06:11 Jun 17, 2026
    The US could soon temporarily ban a central bank digital currency, as House and Senate leaders came to a deal on the 21st Century Road to Housing Act. The US House and Senate have reached a deal to move forward with a housing bill that includes a ban on the Federal Reserve creating a central bank digital currency (CBDC) until 2030. A bipartisan group of House and Senate leaders released an updated version of the 21st Century Road to Housing Act on Tuesday, which aims to address housing affordability and bans institutional investors from buying existing single-family homes to rent out. The bill has included a CBDC ban since the Senate passed it in March. The House also passed its version of the bill with strong support in May, but the House and Senate disagreed on some aspects. The Senate has now added further amendments that will be put before the House for a final vote. Read more
    Tags: CBDC

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