Cointelegraph.com
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Cointelegraph.com - 14:30 Jun 26, 2025
The US GENIUS stablecoin act could open the door for a flood of Big Tech digital currencies. There are challenges though. The GENIUS Act will enable tech companies to issue stablecoins that functionally blur the boundary between public and private money. But Winston Ma, adjunct law professor at New York University, argues that private stablecoins cannot function as true currency without sovereign enforcement. Yuriy Brisov, a lawyer at Digital & Analogue Partners, contends that privately issued currencies can serve as legitimate alternatives to traditional monetary systems. To understand the legal implications of the GENIUS Act and how it fits into the global stablecoin landscape, Magazine spoke with Brisov in Europe, Ma in the US and Joshua Chu, co-chair of the Hong Kong Web3 Association. Read more -
Cointelegraph.com - 14:23 Jun 26, 2025
BTC price returns to retest recently reclaimed levels as Bitcoin analysis flags the 50-day moving average trendline as a "buying opportunity." Key points: Bitcoin order book liquidity remains a decisive force on low-timeframe BTC price action after a $108,000 grab. Whales show divergent behavior from smaller retail investors, choosing to up BTC exposure at current prices. Read more -
Cointelegraph.com - 14:20 Jun 26, 2025
Pi2Day 2025 brings key user-friendly upgrades, from a new KYC sync button solving verification roadblocks to expanded wallet access and enhanced security features. Every year on June 28, Pi Network celebrates Pi2Day, a kind of mid-year check-in that builds on the original Pi Day (March 14). It’s supposed to be a clever nod to math (3.14 → 6.28), but it’s also become a key moment for the Pi community. Since 2023, the core team has used the day to showcase progress and rally users behind major initiatives. Read more -
Cointelegraph.com - 14:12 Jun 26, 2025
British national Kai West, known online as “IntelBroker,” has been indicted for allegedly selling stolen data on BreachForums, causing over $25 million in damages. A British man accused of operating under the alias “IntelBroker” on cybercrime forums has been indicted for allegedly selling stolen data in a case that caused more than $25 million in damage. The US Southern District of New York Attorney’s Office announced Kai West’s indictment on Wednesday. West allegedly operated on online black markets under the IntelBroker pseudonym and caused in excess of $25 million in damage to victims. Former US Securities and Exchange Commission (SEC) Chair and attorney Jay Clayton was among the people responsible for unsealing the indictment. “This action reflects the FBI’s commitment to pursuing cybercriminals around the world,” he said. Read more -
Cointelegraph.com - 13:34 Jun 26, 2025
The EU’s joint stablecoin issuance with third countries has risks, but they are manageable under the MiCA framework, the European Commission said. The European Union’s main executive body has taken a soft approach toward stablecoins, contrasting with that of the European Central Bank (ECB) and sparking industry optimism. In response to ECB concerns on potential bank run risks stemming from stablecoin multi-issuance in Europe and third countries, the European Commission (EC) said such risks are “highly unlikely.” A spokesperson for the Commission told Cointelegraph, “Even in the highly unlikely event of a run on a jointly issued token, redemptions by foreign holders would primarily occur in jurisdictions like the US, where most tokens circulate and the bulk of reserves are held.” Read more -
Cointelegraph.com - 13:20 Jun 26, 2025
Pradeep Bhandari, spokesperson for India’s ruling BJP party, called for a Bitcoin reserve pilot and clarity on the country’s “taxed but unregulated” approach to crypto. The national spokesperson for India’s ruling party called on the country to consider launching a Bitcoin reserve pilot, saying that it would be a strategic step toward economic resilience. In an article for India Today, Bharatiya Janata Party (BJP) spokesperson Pradeep Bhandari said the US strategic Bitcoin (BTC) reserve and Bhutan’s state-led mining operations signal that global finance is shifting toward crypto. He added that India, with an expanding renewable energy infrastructure, is positioned to create a sovereign Bitcoin strategy. Read more -
Cointelegraph.com - 13:00 Jun 26, 2025
Billions Network has launched its mobile identity app for Android and iOS, offering AI-resistant, privacy-preserving verification using NFC-based document checks and zero-knowledge proofs. Blockchain-based identity layer Billions Network announced the launch of its identity mobile application for both Android and iOS devices. According to a Thursday statement shared with Cointelegraph, Billions Network’s identity system is AI-proof. The announcement follows Polish investor Borys Musielak’s April demonstration of how ChatGPT can generate photos of government-issued IDs likely to pass photo-based Know Your Customer (KYC) checks. “As AI continues to erode trust in traditional verification methods and digital interactions, this launch ensures people can safely and privately enjoy personalized digital experiences,” Evin McMullen, co-founder and CEO of Billions, said. Read more -
Cointelegraph.com - 12:54 Jun 26, 2025
Trump’s early Fed replacement plans rattled markets, accelerating dollar losses and sending DXY to its lowest level since April 2022. Key takeaways: Wall Street poured over $1 billion into Bitcoin ETFs this week amid rising bets on Fed rate cuts and a weakening US dollar. Trump’s early Fed replacement plans intensified dollar selloffs, pushing DXY to its lowest since April 2022. Read more -
Cointelegraph.com - 11:42 Jun 26, 2025
Knowing how to read a stablecoin attestation report isn’t just a skill; it’s your first line of defense when verifying what’s backing your stablecoins. Stablecoin attestation reports provide third-party verification that each token is backed by real-world assets like cash and US Treasurys. Attestation ≠ audit: Attestations are point-in-time checks, not deep financial audits, so users should still perform broader due diligence. Not all tokens are redeemable. Time-locked, test or frozen tokens are excluded from reserve calculations to reflect only actively circulating coins. Read more -
Cointelegraph.com - 11:30 Jun 26, 2025
The concept of integrating crypto wallets into chatbots for DeFi access and AI-driven trade execution is relatively new, industry observers say. Cryptocurrency wallets are set for a new integration with artificial intelligence chatbot functionality through an AI terminal launched by the decentralized finance and AI (DeFAI) layer, Edwin. Edwin, an AI interface layer for DeFi launched in early 2025, is publicly rolling out its AI terminal, which aims to make access to crypto and DeFi “as easy as chatting,” according to an announcement shared with Cointelegraph on Thursday. The terminal allows users to directly connect their browser wallets like Phantom or MetaMask to provide real-time wallet context and suggest or even execute DeFi trades. Read more -
Cointelegraph.com - 11:10 Jun 26, 2025
A flaw in ResupplyFi’s contract allowed an attacker to manipulate token prices and drain $9.6 million from its wstUSR market. Decentralized finance (DeFi) protocol Resupply confirmed a security breach in its wstUSR market, which led to about $9.6 million in crypto losses. Blockchain security firm Cyvers said on Thursday that the exploit was triggered by a price manipulation attack involving the protocol’s integration with a synthetic stablecoin called cvcrvUSD. Meir Dolev, Cyvers’ co-founder and chief technology officer, told Cointelegraph that the attacker exploited a price manipulation bug in the ResupplyPair contract. “By inflating the share price, they borrowed $10 million reUSD using minimal collateral,” Dolev said. Read more -
Cointelegraph.com - 10:20 Jun 26, 2025
Bitcoin price all-time highs spark a sea change among larger miners, who instead of taking profits are actively adding to their BTC reserves. Key points: Bitcoin miners are showing rare behavior as BTC price action hits repeat all-time highs in 2025. Large miners are adding to their reserves, while the oldest participants have slashed sales compared to 2024. Read more -
Cointelegraph.com - 10:13 Jun 26, 2025
Galaxy Digital raises $175 million for its first externally backed venture fund, targeting early-stage crypto startups. Galaxy Digital has closed a $175 million venture fund, its first with outside capital, as the company ramps up plans to invest in early-stage crypto startups. The fund, which exceeded its $150 million target, marks the first time Galaxy has accepted outside capital. Until now, the company had relied solely on its own balance sheet for venture investments, according to a Thursday press release. The fund targets high-growth sectors such as stablecoins, tokenization, and payments, as well as the software layers that support them. Read more -
Cointelegraph.com - 01:54 Jun 26, 2025
One of the victims identified in the police operation said she carried around $13,000 in cash at one point to send Bitcoin to scammers via crypto ATMs. Australian federal police said it has contacted over 90 Australians as part of a crackdown on criminal use of crypto ATMs, including pig butchering victims and suspected offenders. One of the victims was a 77-year-old widow who was scammed out of 433,000 Australian dollars ($281,947) in an online dating scam, Australia’s financial intelligence agency, AUSTRAC, said on Wednesday. Australian public broadcaster ABC reported the widow was unaware that the Belgian man she’d been dating online for two years was a fraud until police showed up at her door. Read more -
Cointelegraph.com - 23:32 Jun 25, 2025
Invesco and Galaxy Digital have filed the initial documents to launch a spot Solana ETF, making the ninth similar entry to be put before US regulators. Update (June 26, 1:26 am UTC): This article has been updated to add information from Invesco’s filing and analyst commentary. The US could get nine Solana exchange-traded funds if regulators approve, as asset manager Invesco joined the group of firms looking to push exchange-traded products beyond Bitcoin and Ethereum. In a regulatory filing on Wednesday, Invesco and Galaxy Digital put forward the Invesco Galaxy Solana ETF, which aims to track the spot price of Solana (SOL), currently the sixth-largest cryptocurrency by market cap. Read more -
Cointelegraph.com - 22:39 Jun 25, 2025
Analysts are bullish on ETH’s long-term prospects and ETF inflows, but futures data paints a different picture. Key takeaways: Ether drops 4% drop despite ETF inflows, and this shows traders are skeptical about a move back to $3,000. Negative funding and options metrics signal low confidence in ETH’s short-term price strength. Read more -
Cointelegraph.com - 22:02 Jun 25, 2025
Kalshi plans to use a portion of the funding to scale its technology team, CEO Tarek Mansour said. Kalshi, a prediction market and competitor to Polymarket, has reportedly closed a $185 million funding round that values the company at $2 billion, indicating growing investor appetite for the emerging sector. The round was led by crypto investment company Paradigm, with participation from venture capital companies Sequoia Capital, Multicoin Capital and other investors, The Wall Street Journal reported on Wednesday. CEO and co-founder Tarek Mansour said the funding will be used to expand Kalshi’s technology team and integrate its prediction contracts into more brokerage platforms. Currently, Kalshi contracts are available through Webull and Robinhood Markets. Prediction markets have gained traction as an alternative to traditional polling, with proponents arguing that they offer more accurate forecasts by aggregating the collective expectations of participants. Founded in 2018 by Mansour and Luana Lopes Lara, Ka... -
Cointelegraph.com - 21:45 Jun 25, 2025
Several exchanges have announced MiCA licenses this year, following requirements being enforced in 2024 to offer digital asset services in the EU. Cryptocurrency exchange Kraken announced that it can now expand its offerings and across European Union’s member states after securing a license under the Markets in Crypto-Assets (MiCA) framework. In a Wednesday notice, Kraken said it had received the MiCA license from the Central Bank of Ireland, allowing the exchange to offer regulated services to residents in the 30 European Economic Area member states. The approval followed Kraken securing a Markets in Financial Instruments Directive (MiFID) license in February and an Electronic Money Institution (EMI) license in 2023. “We believe trust is the most valuable currency in crypto, and it’s something you earn. Over the past several years, our team has worked tirelessly to meet the [Central Bank of Ireland]’s gold standard regulatory expectations,” said Kraken co-CEO Arjun Sethi. Read more -
Cointelegraph.com - 20:43 Jun 25, 2025
Data shows spot Bitcoin ETF inflows are largely unhedged, pointing to real institutional investor conviction and BTC’s growing role as a macro-driven financial asset. Key takeaways: Avenir Group and Glassnode data conclude that a significant portion of spot BTC ETF inflows are unhedged, long-only positions, indicating genuine institutional conviction rather than reliance on short-term arbitrage strategies. BTC continues to behave like a traditional macro asset with strong correlations to equities, gold and liquidity cycles, while inversely tracking the dollar and high-yield credit spreads. Read more -
Cointelegraph.com - 20:29 Jun 25, 2025
Cynthia Lummis said she expects the CLARITY Act and GENIUS Act to pass through Congress and be ready for the president’s signature by the end of the year. Wyoming Senator Cynthia Lummis said she expects Congress to pass two pieces of crypto legislation related to stablecoins and market structure “before the end of this calendar year.” Speaking at the Bitcoin Policy Summit in Washington, D.C., on Wednesday, Lummis discussed the progress of the Digital Asset Market Clarity, or CLARITY Act, in the House of Representatives and the Guiding and Establishing National Innovation for US Stablecoins, or GENIUS Act, in the Senate. Lummis said she would be “extremely disappointed” if the two bills did not pass through Congress by 2026. Read more
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