Cointelegraph.com
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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 -
Cointelegraph.com - 14:45 Jun 11, 2025
Supply chain attacks in crypto exploit trusted dependencies, emerging as a major threat to crypto projects, which now have to stay vigilant on such threats. A supply chain attack in the crypto domain is a cyberattack where hackers target third-party components, services or software that a project relies on instead of attacking the project itself. These components may include libraries, application programming interfaces (APIs) or tools used in decentralized applications (DApps), exchanges or blockchain systems. By compromising these external dependencies, attackers can insert harmful code or gain unauthorized access to critical systems. For instance, they might alter a widely used open-source library in DeFi platforms to steal private keys or redirect funds after it is implemented. Read more -
Cointelegraph.com - 14:30 Jun 11, 2025
Financial advisors warn against risking your retirement by going all in on crypto — but some older investors feel they have no other choice. The time-honoured advice for older people approaching retirement is to reduce your exposure to risky assets to preserve your nest egg. But what if your nest egg has already been destroyed and you need a high-risk/high-return method to make it all back in the space of a few years so you can retire comfortably? Its not a strategy for the faint-hearted and it could easily go horribly wrong in the event of a sudden crash to a prolonged bear market but some crypto investors see it as their last, best hope. I think your risk appetite would have to be pretty extreme to have all your eggs in any one basket, especially if thats a volatile asset like crypto, says payments consultant and former banker Rod Tasker. Read more -
Cointelegraph.com - 14:00 Jun 11, 2025
Explore the latest developments in crypto regulation and macro outlook in a report by HTX Ventures. Crypto adoption is accelerating under the Trump administration. The United States has emerged as a central force in shaping the crypto market, both from the standpoint of regulation and macroeconomics. The crypto market has begun moving along with US stock markets, reflecting growing institutional participation and sensitivity to macroeconomic conditions. In its latest report, HTX Ventures reviews the implementation of President Donald Trump’s crypto policies, current US dollar liquidity and its effect on the crypto markets. Find out more about the Trump-era policy executions and the crypto market growth catalysts, download the full report here Legalization and dollarization are the defining core tailwinds of this cycle. Bitcoin stands as the primary beneficiary, acting as a gateway for US institutional capital through ETFs, which solidifies the long-term legitimacy of the US crypto industry. The crypto adoptio... -
Cointelegraph.com - 14:00 Jun 11, 2025
Strategy has inspired a wave of copycats to join the corporate Bitcoin treasury wave, but they haven’t been battle-tested and entered at higher average prices. A growing number of publicly listed companies is announcing plans to add Bitcoin (BTC) to their corporate treasuries, and the trend is beginning to raise eyebrows. In the 30-day span to June 11, at least 22 entities added Bitcoin as a reserve asset, according to BitcoinTreasuries.net. The buying spree was popularized by Strategy (formerly MicroStrategy), whose aggressive Bitcoin accumulation blueprint has inspired a wave of imitators. Read more -
Cointelegraph.com - 13:50 Jun 11, 2025
Bitcoin may see more upside if the world’s two largest trading nations finalize their tariff deal and end global economic uncertainty. Bitcoin is closing in on a new high, buoyed by renewed optimism that the United States and China have reached a final agreement on their long-awaited trade deal. The world’s largest trading economies have nearly completed their trade agreement, according to a Wednesday post on Truth Social by US President Donald Trump. “Our deal with China is done, subject to final approval with President Xi and me,” Trump said. “We are getting a total of 55% tariffs, China is getting 10%. Relationship is excellent.” Read more -
Cointelegraph.com - 13:17 Jun 11, 2025
Connecticut has joined the growing number of US states rejecting the notion of a state Bitcoin reserve, prohibiting government entities from making crypto investments and payments. Connecticut lawmakers unanimously passed a bill prohibiting state and local government divisions from accepting cryptocurrency payments and holding crypto assets. The House Bill 7082, titled “An Act Concerning Various Revisions to the Money Transmission Statutes, State Payments and Investments in Virtual Currency [...],” received bipartisan support and was signed into law on Tuesday. The bill document stipulates that “neither the state nor any political subdivision of the state” shall accept payments in cryptocurrency or purchase crypto assets. Read more -
Cointelegraph.com - 13:00 Jun 11, 2025
Users will eventually be able to transfer ASTR to any Superchain network, according to OP Labs’ Zain Bacchus. Japan’s Astar Network has become the first blockchain to implement the SuperchainERC20 standard for its ASTR token, in a move aimed at addressing longstanding interoperability issues between networks like Ethereum and Polkadot. SuperchainERC20 enables interoperability across Optimism’s Superchain collective, which consists of dozens of projects working to scale Ethereum. ASTR can now move between Astar’s Polkadot-based layer-1, Sony’s Soneium and eventually all OP Superchain networks, the company told Cointelegraph. Read more -
Cointelegraph.com - 12:45 Jun 11, 2025
Surging onchain activity, rising spot Solana ETF approval chances and derivatives metrics suggest that SOL’s bullish price momentum could continue toward $300. Key takeaways: SOL futures open interest is up 12%, signaling strong institutional interest. Spot Solana ETF approval odds jump to 91% on Polymarket. Read more -
Cointelegraph.com - 12:13 Jun 11, 2025
Interactive Strength aims to launch the world’s largest corporate AI-crypto treasury to boost shareholder value and incorporate AI tools. Update June 11, 12:31 pm UTC: This article has been updated to include quotes from Trent Ward, the CEO of TRNR. Interactive Strength (TRNR), a Nasdaq-listed fitness equipment manufacturer, is launching what it claims to be the world’s first artificial intelligence cryptocurrency treasury, signaling growing interest in Web3 among different industries. Interactive Strength, the maker of the CLMBR and FORME fitness equipment, has entered into a Securities Purchase Agreement to raise up to $500 million in capital to acquire Fetch.ai (FET) tokens, according to a Wednesday announcement shared with Cointelegraph. Read more -
Cointelegraph.com - 01:28 Jun 11, 2025
Bitcoin Core dev Gloria Zhao says the data limit for OP_RETURN will be raised in October, infuriating several Bitcoin users who prefer images, text and audio to stay off the blockchain. An upcoming Bitcoin software update will increase the data limit on a divisive function that will allow significantly more images, text and documents to be stored on the Bitcoin blockchain, a developer says. The Bitcoin Core 30 update slated for Oct. 30 will remove the 80-byte limit on the controversial OP_RETURN function and allow each output to carry up to 4 megabytes of data, Bitcoin Core developer Gloria Zhao posted to GitHub on Monday. It comes three days after 31 Bitcoin Core devs signed a statement supporting the change, known as merged pull request (MPR) #32406. The Bitcoin devs indicated on May 5 that the data limit would be removed. OP_RETURN enabled the Ordinals craze last year, allowing Bitcoin users to post everything on the blockchain from non-fungible token-like collections to the Afghan war logs published by Wi... -
Cointelegraph.com - 00:23 Jun 11, 2025
ETH open interest reached a record $40 billion as Ether price rallied above $2,800 for the first time in 15 weeks. Key takeaways: An Ethereum whale made $31 million in two ETH trades in the last 44 days. Unique Ethereum addresses surged by 70% in Q2, with the Base network leading activity growth. Read more -
Cointelegraph.com - 22:28 Jun 10, 2025
Ether price continues to show strength at $2,800 even as some traders embrace bearish options strategies. What gives? Key takeaways: Traders are using bearish ETH options to hedge after Ether’s 49% rally in May. An altcoin ETF listing season could negatively impact ETH’s market dominance and price action. Read more -
Cointelegraph.com - 22:24 Jun 10, 2025
According to the Ethereum Foundation, “a significant burden of security” still falls on users of digital assets. The Ethereum Foundation has highlighted six security challenge areas for its ecosystem’s future in a Tuesday report, including issues with user experience and the social layer. The analysis, generated through inputs from Ethereum stakeholders like users and developers, notes that user experience, or UX, is one of the key security areas where Ethereum can enhance its position. “A significant burden of security falls on the user,” notes the report, adding that “UX security and safety was the top issue identified through feedback and consultation with the ecosystem.” Read more
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