Cointelegraph.com
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Cointelegraph.com - 01:17 Jun 06, 2025
The Justice Department has filed a civil forfeiture complaint to seize crypto and NFTs allegedly tied to laundering efforts by North Korea. The US Department of Justice has moved to seize $7.74 million in crypto allegedly earned by North Korean IT workers using fake identities and working at blockchain firms as remote contractors. The funds were initially frozen in April 2023 as part of an indictment against Sim Hyon Sop, a China-based banker allegedly helping North Korean IT workers launder money, the DOJ said in a June 5 statement. The Justice Department is looking to seize multiple cryptocurrencies, including stablecoins and Bitcoin (BTC) in varying amounts, along with non-fungible tokens and Ethereum Name Service domains that are held in multiple self-custody wallets and Binance accounts, according to its civil forfeiture complaint filed June 5 in a Washington, DC federal court. Read more -
Cointelegraph.com - 23:00 Jun 05, 2025
Asian media outlets report unverified rumors of Chinese ban on owning Bitcoin, Gate.io faces $30M bill after perps liquidation fiasco: Asia Express The crypto industry has never been short on rumors suggesting that China is preparing to unban Bitcoin since the nations 2021 crackdown on crypto trading and mining. But this past week, the narrative flipped, with some media outlets claiming that China is now banning Bitcoin ownership outright. One of the most widely circulated stories came from India-based Financial Express, which cited a supposed Binance report. Magazine found no such report authored by Binance, and the exchange did not respond to a request for comment. Magazine also found no supporting reports from Chinese state media or official government sources. Read more -
Cointelegraph.com - 22:13 Jun 05, 2025
Maple’s expansion to Solana is powered by Chainlink’s CCIP, which allows data transfer between EVM and SVM ecosystems. Lending platform Maple Finance is expanding to the Solana network in a bid to reach a broader class of users. According to a June 5 announcement shared with Cointelegraph, the company is deploying its syrupUSD yield-bearing stablecoin to Solana-based platforms Kamino and Orca. The coin had previously been available only on the Ethereum blockchain. Maple’s Solana integration is launching with $30 million in liquidity, which the company says will establish “a deep and stable foundation for lending, trading, and collateral provisioning” in the ecosystem. Read more -
Cointelegraph.com - 22:00 Jun 05, 2025
According to CoinShares, price depreciation, not selling pressure, was the main factor behind the drop in institutional BTC ETF exposure. Bitcoin exchange-traded funds (ETFs) overseen by institutional investors shrank in early 2025, marking the first quarterly drop since US spot ETFs launched. According to a recent CoinShares report, institutional investors’ exposure to Bitcoin (BTC) dropped to $21.2 billion in Q1 2025 from $27.4 billion in Q4 2024, representing a 23% decrease over the period. The report, based on companies’ filings with the US Securities and Exchange Commission (SEC), attributed much of the decline to an 11% quarter-over-quarter drop in Bitcoin’s price, rather than a reduction in position sizes. Still, many investors trimmed their holdings, signaling a mix of valuation impact and active selling. Read more -
Cointelegraph.com - 21:35 Jun 05, 2025
Circle had boosted its IPO to a range of $1.05 billion on June 4 as investor demand grew significantly. Stablecoin issuer Circle made a strong entry into the public market on June 5, with its shares climbing 167% on its first trading session on the New York Stock Exchange (NYSE). Under the CRCL ticker, Circle’s shares opened at $31, surging 235% in the first hours of negotiation before closing at $82 at the end of the day. The company’s performance hints at a growing market appetite for stablecoin businesses. The oversubscribed round had some significant tailwinds. On May 28, the world’s largest asset manager, BlackRock, revealed it was eyeing a 10% stake in the IPO. Cathie Wood’s ARK Investment was reportedly interested in buying $150 million worth of shares of the offering. Read more -
Cointelegraph.com - 19:48 Jun 05, 2025
Arca was one of the earliest crypto investment firms to back Circle, Arca chief investment officer Jeff Dorman wrote in the letter. Circle is facing criticism from Jeff Dorman, chief investment officer at digital asset investment firm Arca, over a $135,000 allocation to the company during the stablecoin issuer’s recent initial public offering. In an open letter posted to social media, Dorman accused Circle and its leadership of poor judgment, calling the allocation “inappropriate” and announcing the closing of all Arca’s accounts with Circle. According to Dorman’s post, Arca was granted only a $135,000 participation in its $10 million order on the offering. Dorman said Arca was one of the first entities to make an offer. The executive said the company is one of Circle’s earliest backers and held steady even amid rumors of Circle delaying its IPO plans due to the macroeconomic shock of tariffs. The letter read: “Most of Arca’s management team left Wall Street eight years ago to start a crypto-native company sp... -
Cointelegraph.com - 19:27 Jun 05, 2025
World Liberty Financial reportedly sent a letter after the company behind Donald Trump’s memecoin and Magic Eden announced plans to launch an “official $TRUMP wallet.” World Liberty Financial (WLFI), the cryptocurrency platform backed by US President Donald Trump and members of his family, has reportedly issued a cease-and-desist letter to the company responsible for creating a Bitcoin wallet tied to the president’s brand. According to a June 5 Bloomberg report, WLFI sent the letter to Fight Fight Fight LLC, the company that owns Gettrumpmemes.com and is behind issuing the TRUMP memecoin. The cease-and-desist notice was reportedly issued after the non-fungible token marketplace Magic Eden and the team behind the memecoin revealed a waitlist for a crypto wallet featuring Trump’s name. Donald Trump Jr., the president’s eldest son and a “Web3 ambassador” for WLFI, said on June 3 that the Trump Organization had “zero involvement” with the crypto wallet project, announcing that the group was planning its own launc... -
Cointelegraph.com - 18:30 Jun 05, 2025
The situation involving Garantex “undermines the illusion of control that many still cling to,” according to Global Ledger co-founder and CEO Lex Fisun. Global Ledger, a company that provides a crypto Anti-Money Laundering (AML) toolset, has identified over $15 million in active reserves from crypto exchange Garantex, some of which are on the move. According to Global Ledger’s report, a dormant Garantex Ethereum wallet began accumulating Ether (ETH) on March 6, eventually funneling $2.3 million in ETH to Tornado Cash. That wallet still holds $6.1 million in ETH, which remains stagnant. The same pattern was found for Bitcoin (BTC) holdings, the report says. About 2.2 BTC has been bridged to the TRON network, then partially transferred to Grinex. Read more -
Cointelegraph.com - 18:01 Jun 05, 2025
Wyoming Senator Cynthia Lummis was one of the few voices in Congress tying Michelle Bowman’s confirmation to a win for cryptocurrency policies. The US Senate has confirmed Michelle “Miki” Bowman as President Donald Trump’s pick to be vice chair for supervision for the Federal Reserve, signaling a potential change in the central bank’s regulatory approach after the departure of Michael Barr. In a 48-46 vote on June 4, senators confirmed Bowman to be the vice chair for supervision, allowing her to introduce policy recommendations and oversee the supervision and regulation of companies under the Fed’s authority. Wyoming Senator Cynthia Lummis, often an advocate for cryptocurrencies in Congress, lauded the confirmation as a “turning point for digital assets.” “Miki’s commitment to evidence-based regulation over political considerations will strengthen America’s financial system,” said Lummis. Read more -
Cointelegraph.com - 17:16 Jun 05, 2025
Installing Bitcoin ATMs inside post office locations is part of a broader push to modernize Romania’s postal service with digital tech. Poșta Română, the national postal service of Romania, installed its first Bitcoin ATM at a branch location in the city of Tulcea, in partnership with the Bitcoin Romania (BTR) exchange. According to an announcement from the postal service, the next locations to receive Bitcoin (BTC) ATMs will be in Alexandria, Piatra Neamț, Botoșani, and Nădlac. The ATMs are part of a broader push to overhaul existing infrastructure with digital technology and to expand service offerings to underserved areas in the country. Read more -
Cointelegraph.com - 17:00 Jun 05, 2025
Ethereum OG Ryan Berckmans explains Ethereum’s new strategy and what it could mean for ETH’s future price action. Ether (ETH) is back in the spotlight, surging nearly 50% in the past month and outpacing most other major crypto assets. But what’s really fueling this dramatic comeback? And is it sustainable? In an exclusive interview with Cointelegraph, Ethereum OG and investor Ryan Berckmans lifts the curtain on a pivotal shift inside the Ethereum ecosystem. For years, Ethereum’s strategy revolved around a rollup-centric roadmap, focusing on layer-2 scaling while largely sidelining the base layer. Insiders are now talking about a “moment of reckoning,” one that has given way to a rebalanced strategy between layer-1 and layer-2 growth. Read more -
Cointelegraph.com - 16:31 Jun 05, 2025
Institutional inflows and rising Ethereum transaction fees contrast with sluggish network activity and caution on the Ether futures market. Key takeaways: ETH futures show weak bullish sentiment despite strong ETF inflows. More upside appears limited due to weak network activity and competitors like Solana. Read more -
Cointelegraph.com - 15:40 Jun 05, 2025
Bitcoin’s consolidation could end when BTC price takes out liquidity on either side and overcomes resistance at $107K. Key points: Bitcoin trades within a narrowing range between $103,500 and $108,800 over the last six days. BTC price must establish $107,000 as new support to continue the uptrend. Read more -
Cointelegraph.com - 15:15 Jun 05, 2025
The Cetus DEX exploit on Sui drained $220 million in minutes. The hacker took advantage of an undetected bug in the math library of the protocol to siphon off the funds. On May 22, 2025, Cetus Protocol, the primary decentralized exchange (DEX) on the Sui blockchain, suffered a major hack, marking one of the largest decentralized finance (DeFi) breaches in cryptocurrency history. An attacker exploited Cetus’ pricing mechanism flaw, stealing approximately $260 million in digital assets. This incident significantly impacted the Sui community, causing the Sui (SUI) token price to drop by about 15% to $3.81 by May 29. Read more -
Cointelegraph.com - 15:00 Jun 05, 2025
Donald Trump’s crypto agenda claims to champion financial freedom, but in reality, it consolidates power among political elites and wealthy investors, sidelining everyday users. Opinion by: Elias Vilochkin, chief product officer of ChangeNOW Bitcoin optimism is naturally running high. US President Donald Trump’s trade agreement with the UK has provided a jolt of confidence in global markets, and Bitcoin (BTC), as the ultimate borderless asset, is reaping the benefits. Unfolding behind the Trump administration’s aggressive push to deregulate the crypto industry, however, is a consolidation of power that favors the few while ignoring the many. Read more -
Cointelegraph.com - 14:55 Jun 05, 2025
Trump Media & Technology Group filed an S-1 registration form with the US regulator to launch the Truth Social Bitcoin ETF. Trump Media and Technology Group, the company majority-owned by US President Donald Trump that runs his Truth Social media platform, filed with the US Securities and Exchange Commission (SEC) to launch a Bitcoin exchange-traded fund (ETF). TMTG filed an initial registration statement on Form S-1 for its Truth Social Bitcoin (BTC) ETF on June 5, according to an announcement by the company. The filing reads: The filing comes after stock exchange NYSE Arca submitted a proposal to the SEC to list the Truth Social Bitcoin ETF on behalf of crypto asset manager Yorkville America Digital, a partner of TMTG, the owner of Truth Social. Read more -
Cointelegraph.com - 14:30 Jun 05, 2025
Ignore AI doomers predicting mass unemployment — PWC found AI-exposed industries create more value and pay workers higher wages. AI Eye. Any student of predictions will tell you they are almost always wrong, especially the ones about the future. Most predictions about AI will be too. Thanks to our prehistoric brains, humanity has a demonstrated capacity to ignore the 99 out of 100 predictions that are wrong and to focus instead on that one guy out of 100 who accidentally got it right. Everybody remembers how Michael Burry successfully predicted the Global Financial Crisis and profited from it, as shown in the movie The Big Short. Read more -
Cointelegraph.com - 14:00 Jun 05, 2025
Zebec’s move reflects a shift toward embedding compliance at the protocol level, with firms facing more stringent regulatory requirements. Financial infrastructure company Zebec Network has acquired Gatenox, a compliance and identity platform, to bring core regulatory infrastructure in-house and expand into more tightly regulated markets. In an announcement shared with Cointelegraph, the company said the deal brings native Know Your Customer (KYC), Know Your Business (KYB) and Anti-Money Laundering (AML) tools directly into its Web3 payment stack. Neal Padhye, the head of mergers and acquisitions at Zebec, said that regulation is no longer optional and is now infrastructure. “With Gatenox, we’re embedding compliance into the foundation of programmable finance, making Zebec faster, safer and ready for institutional scale,” Padhye added. Read more -
Cointelegraph.com - 13:30 Jun 05, 2025
Bitcoin miners offer a glimpse into potential price upside to come as the historically accurate Hash Ribbons flips green. Key points: A historically accurate Bitcoin price metric is flashing green for the third time this year. Miners’ BTC sales have slowed since the start of the year compared to 2024. Read more -
Cointelegraph.com - 13:30 Jun 05, 2025
Anthropologist Bill Maurer joins the Clear Crypto Podcast to explore how blockchain revives ancient ideas about money, not as tokens, but as systems of record-keeping and social trust. If money isn’t coins, bills or even cryptocurrencies, what is it, really? That’s the question at the heart of this week’s episode of The Clear Crypto Podcast, where hosts Nathan Jeffay (StarkWare) and Adrian Blust (Tonal Media) sit down with Bill Maurer, dean of the UC Irvine School of Social Sciences and a leading anthropologist of finance. “I generally begin by going back to history and talking about case studies like ancient Mesopotamia,” Maurer said. He explained that leading into a conversation about blockchain or crypto, he points to the emergence of society, and therefore the eventual emergence of a currency system. However, at the beginning, it wasn’t a token, coin or banknote; it wasn’t even something that was “passed hand to hand.” Read more
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