Cointelegraph.com
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Cointelegraph.com - 05:34 Jun 04, 2026
The move comes as Ether prices slumped to a 14-month low below $1,750 on Thursday. Ethereum treasury company Bitmine Immersion Technologies is launching a $300 million perpetual preferred stock offering, borrowing a page from Strategy’s financing playbook. Bitmine told the SEC on Wednesday that it intends to offer 3 million of its 9.5% Series A perpetual preferred stock at $100 per share, which will trade under the symbol BMNP within 30 days of issuance. Preferred shares are a hybrid of stocks and bonds. Investors are not directly betting on the company’s growth but lending it money in exchange for regular payments. For every $100 share, Bitmine will pay dividends on a weekly basis, amounting to $9.50 per year. Read more -
Cointelegraph.com - 05:14 Jun 04, 2026
Authorities around the world have been heavily targeting scam infrastructure this year, with joint actions involving the US, UAE, China, Austria and Albania. Crypto exchange Coinbase said it froze more than $3 million in cryptocurrency tied to a global operation targeting cyber-enabled crypto scam networks in Southeast Asia. The operation was part of Disruption Week led by the US Department of Justice’s Scam Center Strike Force, which brought together government entities and private industries to tackle crypto fraud targeting Americans. “This operation is proof that scammers can't be stopped by any single company or agency acting alone,” said Coinbase. Read more -
Cointelegraph.com - 03:28 Jun 04, 2026
CFTC Chairman Mike Selig says the rescission of its “no-deny” policy means it now has more flexibility when settling enforcement actions. The US Commodity Futures Trading Commission has rescinded a long-standing policy that prevented it from accepting a lawsuit settlement if the defendant denied the agency’s allegations. The CFTC said on Wednesday that it scrapped the policy, first adopted in 1998, because it “may have created an incorrect impression that the Commission is trying to shield itself from criticism.” The language was similar to that provided by the US Securities and Exchange Commission when it rescinded a similar policy in May. Read more -
Cointelegraph.com - 23:00 Jun 03, 2026
After expecting billions of dollars worth of crypto holdings to be reported during a voluntary disclosure period, the country's tax office only saw 58 filers took advantage of the procedure. Israeli taxpayer disclosures of profits from cryptocurrencies have reportedly fallen short of expectations at the Israel Tax Authority after enactment of a policy allowing immunity from criminal proceedings for filers correcting their reports. According to a Wednesday report from Globes, Israeli authorities had expected to gain up to $1 billion in taxes from “voluntary disclosures” allowed under an August 2025 policy, but have so far only received reports of a fraction of those capital earnings. The local news outlet reported that the tax authority had received reports of $50 million combined from crypto capital, with the potential of billions of dollars in underreported holdings. Read more -
Cointelegraph.com - 22:04 Jun 03, 2026
Wyoming Governor Mark Gordon signed an executive order supporting AI data center development as the state seeks to attract advanced computing and technology investment. Wyoming Governor Mark Gordon has signed an executive order establishing a framework for developing data centers and advanced computing facilities, underscoring the state’s push to attract AI infrastructure investment as demand for computing power accelerates. In an order published Wednesday, titled “Data Centers the Wyoming Way,” Gordon directed state agencies to support the responsible development of large-scale data centers and other advanced computing projects. The framework emphasizes water and environmental sustainability, workforce development and protections for residential electricity customers. “This Executive Order applies to executive branch agencies involved in permitting, reviewing, regulating, supporting, or facilitating large-scale data center development within Wyoming,” the order states. Read more -
Cointelegraph.com - 21:53 Jun 03, 2026
Scott Bessent said that the Treasury Department was “proceeding with all deliberate speed” on Donald Trump’s 2025 executive order to establish a strategic Bitcoin reserve and digital asset stockpile. US Treasury Secretary Scott Bessent told Senate lawmakers that his department is pushing to establish a strategic Bitcoin reserve and digital asset stockpile more than a year after it was called for in an executive order from President Donald Trump. Speaking at a Senate Finance Committee hearing on Trump’s fiscal year 2027 budget for Treasury on Wednesday, Bessent said that the department was “proceeding with all deliberate speed” on the president’s 2025 order to establish Bitcoin and digital asset reserves. Although the reserve has been filled with crypto seized by the government, Treasury officials had no additional acquisition plans as of March. “We are moving forward very quickly on that, and part of that is our digital assets initiative, the strategic Bitcoin reserve is something, this is new technology, thi... -
Cointelegraph.com - 21:25 Jun 03, 2026
Reuters reported that Revolut plans to integrate stablecoins into its future US bank as more fintech and crypto companies chase federal banking approvals. Fintech company Revolut plans to offer stablecoins through its future US bank, Reuters reported Wednesday, citing comments from the company's US CEO, Cetin Duransoy. Duransoy told the news service that customers of the bank, which is expected to launch next year, will have access to FDIC-insured accounts, multi-currency deposits, stock trading and cryptocurrency services. He said that Revolut plans to initially target retail and business customers with international banking needs, including those managing multiple currencies. Revolut applied for a US national bank charter in March, which would allow the company to offer federally insured banking products nationwide under a single federal regulatory framework. Read more -
Cointelegraph.com - 21:05 Jun 03, 2026
Bitcoin is at risk of a drop below $65,000, but buyers are expected to mount a strong defense as the price nears the crucial $60,000 level. Key points: Bitcoin (BTC) is attempting a bounce off the $65,426 level, but the bulls are struggling to hold onto higher levels. The launch of fresh strikes by the US and Iran has hurt sentiment, but Bitrue Research Institute research lead Andri Fauzan Adziima told Cointelegraph that the fall was more about “leveraged liquidations, heavy ETF outflows, and technical breakdowns than pure Iran news, but it amplifies the fear.” All eyes have shifted to BTC’s yearly lows of $60,000. Veteran trader Peter Brandt said in a post on X that BTC has formed an expanding triangle, a common and reliable pattern. He projects a decline to about $56,000, but added that a move above $75,000 would invalidate this bearish view. Read more -
Cointelegraph.com - 19:21 Jun 03, 2026
Nearly a dozen candidates across three US states won their primaries or will advance to the November election after they were supported by $3.5 million in ads funded by crypto industry-aligned PACs. [Update (June 3 at 8:01 pm UTC): This article has been updated to include a response from Fairshake in the fourth paragraph.] Democratic and Republican candidates across California, New Jersey and South Dakota won their respective primaries on Tuesday after being the beneficiaries of supportive ads purchased by cryptocurrency industry-backed political action committees (PACs). On Tuesday, Democrats Jacqui Irwin, Ted Lieu, Zoe Lofgren, Dave Min, Mike McGuire, Hilda Solis, George Whitesides, Lou Correa and Lateefah Simon won their respective California primaries for House seats. Democrat Rob Menendez and Republican Mike Rounds also won primaries for New Jersey’s 8th congressional district and a South Dakota Senate seat, respectively. Read more -
Cointelegraph.com - 17:54 Jun 03, 2026
New data suggests AI-driven payment rails are evolving beyond experimentation as users are making more higher-value transfers. Agentic payment activity on Coinbase’s Base network has surpassed 100 million transactions, signaling that machine-to-machine payments are moving beyond the proof-of-concept stage in onchain environments. According to a new Chainalysis report, wallets interacting with Coinbase's x402 protocol generated more than 100 million transactions on Base within roughly nine months of launch. The x402 protocol allows software agents to make onchain payments directly through web requests. When an agent requests access to a resource, such as a data feed or API, it can automatically complete a stablecoin payment without human authorization. Read more -
Cointelegraph.com - 16:09 Jun 03, 2026
Bitcoin traders warned of a key BTC price support trend line failing as 2022 bear market history continued to repeat. Bitcoin (BTC) hovered near two-month lows on Wednesday as 2022 bear-market comparisons returned. Key points: Read more -
Cointelegraph.com - 16:01 Jun 03, 2026
The ESMA says crypto companies without MiCA authorization must stop serving EU clients from July 1, even if their licence applications remain under review. The European Union’s Markets in Crypto Assets Regulation hits a hard deadline on July 1 when the transitional period ends and in-scope crypto asset service providers operating under national regimes must either hold a MiCA licence or stop serving EU clients. A spokesperson from the European Securities and Markets Authority (ESMA) told Cointelegraph that from that date, non-authorized entities “will not be allowed to operate within the EU” and should implement wind-down and client migration plans rather than rely on open-ended transitional status while awaiting a decision. The deadline could force some crypto firms to suspend EU operations while their applications remain under review, potentially affecting millions of users who continue to engage with platforms that are not yet authorized under MiCA. Read more -
Cointelegraph.com - 16:00 Jun 03, 2026
The whale is now backing Arthur Hayes’ favored HYPE, ZEC and NEAR plays, signaling a sharp pivot toward momentum-led crypto bets. A crypto whale who stubbornly held his HYPE short through May’s rally has finally been punished as Hyperliquid’s token kept climbing. Key takeaways: On Tuesday, the trader known as “loracle.hl” finally closed his HYPE short, locking in a $46.46 million loss, according to data resource HyperBot. Read more -
Cointelegraph.com - 15:32 Jun 03, 2026
Ethereum price slides to a 14-week low as weakening demand and persistent ETF outflows put the key $1,800 support at risk. Ether (ETH) dropped to $1,814 on Wednesday, its lowest in over 14 weeks, raising concerns about whether the ETH/USD pair can stabilize above key liquidity zones near its multi-year lows at $1,800. ETH/USD 1-hour chart. Source: Cointelegraph/TradingView Read more -
Cointelegraph.com - 15:05 Jun 03, 2026
A Binance legal document disclosed a revenue-sharing agreement with Alpaca, which includes sharing 50% of the stock custodian’s order flow revenue with the cryptocurrency exchange. Binance disclosed a revenue-sharing arrangement with custodian and brokerage infrastructure API provider Alpaca, which has become a major infrastructure provider in the custody of tokenized US stocks and exchange-traded funds (ETFs). Under Binance Securities Trading Terms published Tuesday, Binance will receive 50% of Alpaca’s payment-for-order-flow fees and 65% of remaining profit from user stock lending after users are paid interest, Binance will receive 50% of Alpaca’s payment-for-order-flow, or PFOF, fees and 65% of profit from user stock lending after the platform pays user interest. Alpaca provides brokerage, clearing and custody infrastructure for Binance’s stock trading product and is also a major infrastructure provider in tokenized US stocks and ETFs. The company raised $150 million at an $1.15 billion valuation for its b... -
Cointelegraph.com - 14:47 Jun 03, 2026
Binance exchange said it will move NFT support from its exchange to its non-custodial wallet and offered users 30 days to migrate their NFTs. Binance announced it is shutting down support for non-fungible tokens on Binance Exchange and moving NFT management to its self-custodial cryptocurrency wallet, Binance Wallet. The exchange said this will offer NFT holders “easier access to Web3 and decentralized features,” according to a Wednesday announcement. NFT Holders have until July 3 to withdraw their transferable NFTs from the platform before they become inaccessible. For non-transferable NFTs that can’t be withdrawn by design, Binance Academy will provide a PDF certificate of course completion. Read more -
Cointelegraph.com - 14:40 Jun 03, 2026
Kraken and xStocks Alliance will let eligible users seek allocations in US IPOs at the offering price through tokenized shares in coming weeks. Retail investors will soon be able to participate in US initial public offerings (IPOs) at the offering price through a new tokenized equities program from Payward Services, a Kraken-affiliated company. In a Wednesday announcement, Payward Services said customers of Kraken and select members of its xStocks Alliance will be able to express interest in US-listed IPOs before companies go public and receive allocations of tokenized shares on listing day. According to the company, the shares will be issued at the IPO offering price and backed 1:1 by the underlying stock held in custody by a regulated entity, allowing eligible retail investors to access allocations that are typically reserved for institutional clients. Read more -
Cointelegraph.com - 14:33 Jun 03, 2026
Zcash Open Development Lab said the network briefly became unstable as miners upgraded, while the Zcash Foundation said there was no evidence of an exploit. Zcash developers temporarily suspended Orchard transactions after discovering a critical vulnerability in the privacy-focused blockchain’s latest shielded pool, then restored functionality through an emergency network upgrade. On Wednesday, the Zcash Foundation said the vulnerability affected Orchard’s zero-knowledge proof circuit and could have allowed invalid state transitions within the pool. However, the Foundation said there was no evidence that the bug was exploited, no unauthorized value creation was detected, and user privacy was not affected. The fix was carried out through a two-step emergency upgrade. Zebra 4.5.3 temporarily disabled Orchard actions, while Zebra 5.0.0 activated the NU6.2 upgrade to re-enable Orchard with a corrected circuit, according to the Foundation. Read more -
Cointelegraph.com - 14:14 Jun 03, 2026
Trezor and Tropic Square disclosed a TROPIC01 chip vulnerability found during a Ledger Donjon audit, saying the Safe 7 wallet and user funds remain secure. Hardware wallet company Trezor and chipmaker Tropic Square have disclosed a vulnerability in one of the secure elements used in Trezor Safe 7 hardware wallet, saying the flaw does not put user funds at risk because the chip alone cannot expose a wallet. The vulnerability was identified during an independent security audit conducted by Ledger Donjon, the security research team at rival hardware wallet maker Ledger, according to a Trezor statement. Tropic Square provided the affected TROPIC01 Secure Element chip to the Ledger Donjon team for an independent audit. The companies said compromising TROPIC01 alone would not be enough to access a user’s wallet, PIN or funds. Read more -
Cointelegraph.com - 14:00 Jun 03, 2026
Russian ruble-backed stablecoin A7A5 processed over $110 billion in transactions despite Western sanctions, according to CertiK. The Russian ruble-backed A7A5 stablecoin continued to grow despite Western sanctions, processing more than $110 billion in cumulative onchain transactions, according to CertiK. CertiK said A7A5 captured about 43% of the global non-US dollar stablecoin market, and that its holder count rose from 13,000 to 29,000 wallets between February 2025 and May 2026. The security company described A7A5 as one of the clearest examples of a sanctions-evasion stablecoin ecosystem, linking it to Russian cross-border settlement companies. Read more
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