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Found 11876 news

  • 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
  • Strategy’s STRC falls to $91 as investors flinch at latest BTC buying
    Cointelegraph.com - 05:58 Jun 17, 2026
    “It appears traders are seeing the latest BTC acquisition as an unsustainable path for STRC,” said 10x Research’s Markus Thielen. Strategy’s perpetual preferred stock STRC fell near record lows on Tuesday as investors seemingly balked at the company’s latest Bitcoin acquisitions. Michael Saylor’s variable-rate perpetual “Stretch” Bitcoin yield product declined by 3.58% to $91.79 on Tuesday, 8.2% below its target value of $100. Markus Thielen, CEO of 10x Research, said the dip is linked to Strategy’s recent Bitcoin buying. “The market would rather see [Strategy] not acquiring more BTC and rather keep the cash for dividend payments,” Thielen told Cointelegraph. “It appears traders are seeing the latest BTC acquisition as an unsustainable path for STRC.” Read more
    Tags: STRC Strategy
  • Illinois governor approves crypto transaction tax despite industry uproar
    Cointelegraph.com - 04:49 Jun 17, 2026
    “There is effectively no comparable state financial transaction tax on stocks, bonds or derivatives anywhere in the country,” said a16z general counsel Miles Jennings. Illinois is going ahead with a 0.2% "privilege tax" on crypto transactions involving its residents under a new $55.9 billion state budget bill signed Tuesday. Governor JB Pritzker signed the measure despite opposition from crypto industry groups over the provision, a transaction tax that applies to all digital asset transactions on any registered platform under broadly termed “digital asset business activity.” “This will create an unprecedented tax regime that disproportionately burdens Illinois residents for simply using digital assets and will drive innovation and builders out of the state,” the Crypto Council for Innovation said, as it urged a “line-item veto” of Article 3 of Senate Bill 3019 on Tuesday. Read more
    Tags: Illinois
  • Hyperliquid open interest surges 32% in week: Is $80 HYPE next?
    Cointelegraph.com - 03:19 Jun 17, 2026
    Despite mixed HYPE derivatives market signals, Hyperliquid’s explosive TradFi perpetual growth makes a push toward $80 increasingly realistic. Key takeaways: Hyperliquid defies the crypto bear market with $3 billion HYPE open interest, 32% growth in a week. Hyperliquid’s TradFi innovation, like SpaceX pre-IPO trading, signals that the path to $80 HYPE price looks well-supported. Read more
    Tags: HYPE Hyperliquid
  • Senators urge Treasury to ensure state authority in GENIUS application
    Cointelegraph.com - 02:21 Jun 17, 2026
    A bipartisan group of US senators told the Treasury that its application of stablecoin laws should be done in a way that “preserves and promotes State participation.” A bipartisan group of US senators led by Republican Senator Cynthia Lummis has urged the Treasury to ensure that state authorities are given the ability to regulate stablecoin issuers as the department considers how to implement the GENIUS Act. In a letter to Treasury Secretary Scott Bessent on Tuesday, the lawmakers said it was critical that the Treasury implement a section of the law giving a pathway for certain issuers to be regulated by the states “in a manner that preserves and promotes State participation.” The GENIUS Act allows issuers that have a stablecoin with a market value of $10 billion or less to be regulated by a state authority if that state has laws largely similar to the bill. Read more
    Tags: Treasury Genius
  • Bitcoin tops $67K following US-Iran peace deal: Is it a bull trap?
    Cointelegraph.com - 22:28 Jun 16, 2026
    Despite Bitcoin derivatives data highlight traders’ skepticism even though BTC briefly rallied above $67,000. Are bulls stepping into a trap? Key takeaways: Bitcoin derivatives show weak conviction with 2% futures basis and elevated put options premium signaling caution. Institutional buying via $86 million ETF inflows plus Strategy’s (MSTR US) ongoing accumulation counters market fear. Read more
    Tags: Bitcoin
  • Here’s what happened in crypto today
    Cointelegraph.com - 21:26 Jun 16, 2026
    Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, Web3 and crypto regulation. Today in crypto, the industry observers are focused on crypto PAC spending in Alabama, Robinhood’s cutting 10% of its workforce despite CEO Vlad Tenev saying the business "has never been stronger" and Bitcoin's recovery that remains tied to prospects for a US-Iran deal. Crypto PAC has $12M stake in Senate primary runoff as Alabama voters head to polls Defend American Jobs, the cryptocurrency company-backed political action committee (PAC) affiliated with Fairshake, reported spending millions of dollars to support a Republican candidate’s run for a US Senate seat in the party’s Tuesday primary runoff in Alabama. Read more
    Tags: Here
  • Tokenized asset market tops $43B as institutions accelerate blockchain adoption
    Cointelegraph.com - 20:55 Jun 16, 2026
    Tokenized financial assets have surged 37% in six months as institutions expand blockchain adoption and the market broadens beyond funds and private credit, according to Token Terminal. The market for tokenized real-world assets (RWAs) continues to expand despite broader weakness in crypto markets, with the value of onchain financial assets climbing sharply over the past six months as traditional financial products migrate onto blockchain rails. According to Token Terminal, tokenized assets now exceed $43 billion in market value, up roughly 37% over the past 180 days. The figures exceed those reported by other industry trackers, most notably RWA.xyz, which values the combined RWA market at less than $33 billion. The discrepancy likely reflects methodological differences, with Token Terminal including a broader range of tokenized financial assets. Read more
    Tags: Tokenized
  • Bitcoin metric near ‘low-risk’ zone after holders absorb 125K BTC in June: Time for a rebound?
    Cointelegraph.com - 19:54 Jun 16, 2026
    Bitcoin’s Sharpe ratio and a 125,000 BTC increase in BTC accumulator demand mark the start of a new demand phase. Will prices follow? Bitcoin’s (BTC) risk-adjusted return profile is approaching levels historically aligned with long-term accumulation zones. The Sharpe ratio, a metric that measures return relative to volatility, dropped to -20, a threshold that marked major Bitcoin bottoms in every bear market since 2015. At the same time, BTC exchange reserves have fallen by roughly 80,000 BTC since February, while demand from accumulator addresses more than doubled to 240,000 BTC from 115,000 BTC during the first two weeks of June. BTC's Sharpe ratio revisits a historical bottom zone Read more
    Tags: June Bitcoin
  • Crypto PAC has $12M stake in Senate primary runoff as Alabama voters head to polls
    Cointelegraph.com - 19:45 Jun 16, 2026
    Defend American Jobs reported spending $7.4 million on media to support Republican Barry Moore ahead of his May 20 Alabama primary, and an additional $4.7 million before Tuesday’s runoffs. Defend American Jobs, the cryptocurrency company-backed political action committee (PAC) affiliated with Fairshake, reported spending millions of dollars to support a Republican candidate’s run for a US Senate seat in the party’s Tuesday primary runoff in Alabama. As of Tuesday, filings with the Federal Election Commission (FEC) showed that Defend American Jobs had spent more than $4.7 million on media and ads to back Republican Barry Moore’s candidacy in a runoff for one of Alabama’s US Senate seats, adding to the $7.4 million it reported spending ahead of his May 20 primary. Moore, who also has the endorsement of US President Donald Trump, is running against Jared Hudson, another Republican vying to replace Tommy Tuberville, who announced that he would not be seeking reelection, as he is focused on becoming the state’s ne...
    Tags: Senate Alabama
  • Coinbase lets users transfer stock portfolios as exchange expands beyond crypto
    Cointelegraph.com - 19:31 Jun 16, 2026
    The crypto exchange is deepening its push into traditional finance by enabling ACATS stock transfers and expanding trading products beyond digital assets. Coinbase is allowing users to transfer existing stock portfolios onto its platform, marking another step in the company’s push beyond cryptocurrency trading and toward becoming a full-service financial platform. On Tuesday, Coinbase unveiled expanded stock and exchange-traded fund (ETF) trading through Coinbase Advanced, its platform for active traders, allowing US users to transfer existing portfolios from other brokerages directly onto the exchange. The update builds on the stock and ETF trading service Coinbase launched earlier this year, which initially provided access to roughly 6,000 securities. The company is also offering zero-commission trading, TradingView charting tools, fractional shares and up to 3.5% rewards on eligible USDC (USDC) balances. Read more
    Tags: Coinbase
  • XRP whale wallet withdrawals top 720M as risk-adjusted return data points to opportunity
    Cointelegraph.com - 18:44 Jun 16, 2026
    Whales pulled more than 720 million XRP from exchanges, as various data points converge to predict a potential 50% rally. Since June 3, more than 720 million XRP (XRP) tokens have left crypto exchanges, and Upbit's share of XRP wallet flows has climbed to its highest level since May 2024. The shift comes as XRP rebounded to $1.30 on Monday, with large holder activity continuing to dominate exchange flows and market indicators signal an ideal accumulation period amid lingering weakness. Whales dominate XRP exchange flows Read more
  • State Street launches GENIUS Act-aligned money market fund for stablecoin reserves
    Cointelegraph.com - 17:28 Jun 16, 2026
    The launch comes amid growing competition among financial institutions to manage assets backing dollar-pegged stablecoins. State Street Investment Management has launched a money market fund designed for stablecoin issuers, offering a vehicle for holding reserve assets under the framework established by the GENIUS Act. The fund is structured as a Rule 2a-7 government money market fund and will invest in assets commonly used to back stablecoins, including US government securities and repurchase agreements. The fund's initial investors include State Street Bank and Anchorage Digital, a federally chartered crypto bank. State Street said the product was designed to comply with reserve requirements established under the GENIUS Act, which was signed into law on July 18, 2025, creating the first federal regulatory framework for payment stablecoins in the United States. Read more
    Tags: State Street
  • Ripple targets Africa’s booming remittance market with Flutterwave investment
    Cointelegraph.com - 17:28 Jun 16, 2026
    Ripple’s investment in Flutterwave will bring RLUSD, Ripple Payments and XRPL to one of Africa’s largest fintechs as blockchain remittances gain traction. Blockchain payments company Ripple has acquired an equity stake in African fintech giant Flutterwave, deepening its push into one of the world's fastest-growing cross-border payments markets. Flutterwave CEO Olugbenga Agboola said the undisclosed investment values the company at $3.3 billion, according to Bloomberg. The deal gives Ripple exposure to Africa’s fast-expanding payments ecosystem while providing Flutterwave with additional resources to scale its financial infrastructure. The investment makes Ripple a shareholder rather than an owner or commercial partner. Flutterwave operates in 35 African countries and has recently expanded its digital asset offerings by integrating stablecoin payment services. Read more
    Tags: Africa Ripple Flutterwave

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