# Crypto Cred EX > Decoding the World of Crypto, Blockchain, and Beyond ## Posts - [The Top 2 Crypto Casinos Compared: InstantCasino.com vs. CoinCasino.com](https://cryptocredex.com/the-top-2-crypto-casinos-compared-instantcasino-com-vs-coincasino-com/): 1. InstantCasino.com – Classic, Fast, but with minor Drawbacks Strengths: Weaknesses / Risks: 2. CoinCasino.com – The Crypto Vanguard and Clear Future of Web3 Gambling Why CoinCasino stands out: Minor limitation: Conclusion: CoinCasino Leads the Way for Crypto Enthusiasts While InstantCasino.com provides solid entertainment and bonuses for classic casino fans with a crypto interest, CoinCasino.com is the forward-looking platform for those wanting to combine gaming and Web3. If you’re curious about innovation, reward systems, and a platform built for the future, CoinCasino.com is worth exploring. Comparison Table Criteria InstantCasino.com CoinCasino.com (Web3) Games ~3,000 (classic + live) >5,000 + sports betting & Telegram games Bonuses 200% up […] - [Two public firms announce plans to adopt HYPE as primary reserve asset for treasury](https://cryptocredex.com/two-public-firms-announce-plans-to-adopt-hype-as-primary-reserve-asset-for-treasury/): Lion Group Holding Ltd. (LGHL) and Eyenovia Inc. unveiled separate major financing moves this week to launch cryptocurrency treasury strategies centered on Hyperliquid’s HYPE token. LGHL announced it has secured a $600 million facility to launch the first and largest HYPE treasury in Asia. The Singapore-based trading and financial services firm also revealed intentions to include Solana (SOL) and Sui (SUI) in the reserve as secondary reserve assets. Custody and staking will be managed by BitGo Trust Company. As part of its expansion, LGHL plans to evaluate secondary listings on the Tokyo Stock Exchange and Singapore Exchange to broaden its reach. […] - [XRP network activity surges as Canada launches an XRP ETF](https://cryptocredex.com/xrp-network-activity-surges-as-canada-launches-an-xrp-etf/): Canadian asset manager 3iQ has launched an XRP-focused exchange-traded fund (ETF) on the Toronto Stock Exchange (TSX) under the XRPQ ticker. According to a June 18 statement, XRPQ will offer investors a six-month waiver on management fees and hold only long-term positions on the digital asset. These assets are sourced from reputable exchanges and over-the-counter (OTC) platforms, and custody is secured through cold storage. 3iQ stated that Ripple, the blockchain firm connected to the token and the XRP Ledger (XRPL), is an early backer of the fund. Pascal St-Jean, President and CEO of 3iQ, said: “XRP has demonstrated significant growth […] - [Circle’s USDC and BlackRock’s BUIDL spearhead collateral innovation in derivatives markets](https://cryptocredex.com/circles-usdc-and-blackrocks-buidl-spearhead-collateral-innovation-in-derivatives-markets/): Crypto trading platforms increasingly adopt blockchain-native assets like the USDC stablecoin and tokenized treasuries such as BlackRock’s BUIDL to enhance collateral efficiency in derivatives markets. These instruments offer a blend of stability, yield, and compliance, making them attractive to institutional players seeking capital optimization. USDC and BUIDL gain momentum in crypto derivatives On June 18, Coinbase Derivatives revealed that USDC will be accepted as collateral for margined futures, subject to regulatory approval from the Commodity Futures Trading Commission (CFTC). Coinbase CEO Brian Armstrong said: “This is the first time we’ll see USDC used as collateral in US futures markets – […] - [North Korea’s hackers could have laundered as much as $1.5 billion in stolen crypto](https://cryptocredex.com/north-koreas-hackers-could-have-laundered-as-much-as-1-5-billion-in-stolen-crypto/): North Korea’s hackers has reportedly stolen nearly $2 billion from centralized crypto exchanges over the past year. Blockchain security researcher Tay Monahan attributes a significant portion of those funds, around $1.8 billion, to a series of major hacks targeting centralized crypto trading platforms like Bybit, DMM Bitcoin, WazirX, Phemex, and BingX. Despite setbacks such as asset freezes and transaction fees, the group is believed to have successfully laundered more than $1.5 billion for the North Korean regime. She said: “Even if we optimistically say they lost 15% to freezes and fees and brokers that’s still over $1.5 billion dollars to […] - [Gemini accuses CFTC of unfair legal campaign in formal complaint](https://cryptocredex.com/gemini-accuses-cftc-of-unfair-legal-campaign-in-formal-complaint/): Crypto exchange Gemini has filed a formal complaint against the Commodity Futures Trading Commission’s (CFTC) Division of Enforcement (DOE), accusing it of pursuing a prolonged and unjustified legal campaign. On June 17, Gemini co-founder Tyler Winklevoss revealed that the firm submitted the complaints to the CFTC’s Office of the Inspector General on June 13. According to him, the complaints showed that: “[CFTC] lawyers misused their offices and millions of taxpayer dollars to engage in trophy-hunting lawfare against Gemini to advance their careers. They investigated and sued Gemini — an innocent party – to serve their personal interests even though they […] - [Ark Invest sells nearly $100M in Circle shares in the last 2 days](https://cryptocredex.com/ark-invest-sells-nearly-100m-in-circle-shares-in-the-last-2-days/): Cathie Wood’s Ark Invest has continued reducing its exposure to Circle, selling another sizable batch of shares as the stablecoin firm recorded a market pullback. On June 17, Ark sold 300,108 CRCL shares across three of its exchange-traded funds (ETFs), according to the firm’s daily trade filing. The sale totaled approximately $44.7 million based on Circle’s closing price of $149.15, per Google Finance data. The sell-off spanned three of Ark’s exchange-traded funds (ETFs). The ARK Innovation ETF (ARKK) offloaded the largest chunk at 208,654 shares. It was followed by the ARK Next Generation Internet ETF (ARKW), which sold 65,320 shares, […] - [Ohio passes blockchain bill allowing $200 tax-free Bitcoin payments](https://cryptocredex.com/ohio-passes-blockchain-bill-allowing-200-tax-free-bitcoin-payments/): Ohio is making a bold push to become a leader in Bitcoin and digital asset regulation with its latest regulatory effort. On July 17, the state’s House Technology Committee unanimously passed the Ohio Blockchain Basics Act (HB 116), advancing the bill to the next stage of legislative review. According to advocacy group Satoshi Action Fund, the bill secured a 13-0 vote, signaling strong bipartisan support. Speaking on the passage, Representative Steve Demetriou stressed that the bill empowers individuals rather than large banks or financial institutions. He also added that the bill emphasized the decentralized ethos of crypto and highlighted the […] - [Chinese Bitcoin mining giants move production to US amid tariff tensions](https://cryptocredex.com/chinese-bitcoin-mining-giants-move-production-to-us-amid-tariff-tensions/): China’s top three Bitcoin mining rig manufacturers, Bitmain, Canaan, and MicroBT, are reportedly shifting parts of their production to the United States, Reuters reported on June 18. The move comes as a response to intensifying trade tensions triggered by President Donald Trump’s renewed tariff policies. These tariffs, aimed at reducing US reliance on foreign technology, are prompting significant changes across the crypto hardware supply chain. Chinese miners move to the US According to the report, Bitmain, the largest of the trio, began manufacturing in the US last December, shortly after Trump secured his return to the presidency. Canaan followed with […] - [Solana faces consolidation after failing to hold $180 breakout](https://cryptocredex.com/solana-faces-consolidation-after-failing-to-hold-180-breakout/): Solana is currently in a retracement that unwound most of its late-May upside. After a monthly high of $179.68 on May 22, spot prices lost traction and declined to $148.00 by June 18, marking a 14.6% slide. Futures tracked the spot decline closely, ending the period down 11.2% at $148.30. Price action was defined by multiple failed breakout attempts above the $180 level and a shift toward lower highs that reinforced the short-term bearish structure. The monthly high was followed by a series of rejections near that same threshold, with spot unable to close convincingly above $178 on multiple occasions. […] - [Iran-based crypto exchange hacked for $48M amid cyberattack claims by Israel-linked group](https://cryptocredex.com/iran-based-crypto-exchange-hacked-for-48m-amid-cyberattack-claims-by-israel-linked-group/): Iranian crypto exchange Nobitex has suffered a major security breach, resulting in the loss of over $48 million. The company confirmed the attack via an X post on June 18, revealing that the incident targeted its hot wallets. It stated: “This morning our technical team detected signs of unauthorized access to a portion of our reporting infrastructure and hot wallet. Immediately upon detection, all access was suspended and our internal security teams are closely investigating the extent of the incident.” The drained funds were Tether’s USDT via the Tron network, according to blockchain sleuth ZachXBT. Despite the hack, Nobitex tried […] - [US DOJ, Europol seize world’s largest dark web drug market operating via Monero](https://cryptocredex.com/us-doj-europol-seize-worlds-largest-dark-web-drug-market-operating-via-monero/): An international law enforcement effort has dismantled one of the world’s largest and longest-running criminal marketplaces on the darknet, arresting its suspected German operator in Spain and seizing millions in illicit assets, according to a June 16 press release. The takedown, coordinated by the Frankfurt Public Prosecutor’s Office, Germany’s Federal Criminal Police Office (BKA), the Spanish National Police, the Dutch National Police, and additional partners in Sweden and Romania, targeted the illicit platform known as “Archetyp Market.” Infrastructure seized in raid A 30-year-old German citizen was captured at his residence in Barcelona on June 11 by a Spanish police tactical […] - [LatAm energy giant executes landmark $75M oil and gas deal via blockchain tokenization](https://cryptocredex.com/latam-energy-giant-executes-landmark-75m-oil-and-gas-deal-via-blockchain-tokenization/): Feniix Energy, an energy firm based in Latin America, has completed a $75 million acquisition of a live oil and gas operation using blockchain tokenization, according to a statement shared with CryptoSlate on June 17. Global Settlement, a blockchain firm specializing in real-world assets (RWAs), executed the deal through its GSX Protocol. The protocol enabled instant settlements, reduced counterparty risk, and lowered transaction fees. It also introduced full transparency throughout the funding and ownership process. Notably, stablecoins were used to settle the transaction, removing the need for traditional banking intermediaries. This marked a pivotal move in financing capital-intensive projects using […] - [VanEck’s Solana ETF moves closer to market entry with DTCC listing](https://cryptocredex.com/vanecks-solana-etf-moves-closer-to-market-entry-with-dtcc-listing/): VanEck’s planned Solana (SOL) exchange-traded fund has been listed with the Depository Trust & Clearing Corporation (DTCC) under the ticker symbol VSOL, signaling another step in mainstreaming Solana exposure for traditional investors. According to DTCC records, the fund is labeled “VANECK SOLANA TR COM SHS BEN INT” and falls under the ‘D’ settlement category, an industry standard indicating eligibility for electronic trading and clearing once regulatory and exchange approvals are secured. Solana, a high-speed blockchain network designed for scalable decentralized applications, has gained significant attention as an alternative to Ethereum due to its lower transaction costs and growing developer ecosystem. […] - [US Senate approves landmark GENIUS Act for stablecoin regulation](https://cryptocredex.com/us-senate-approves-landmark-genius-act-for-stablecoin-regulation/): The Senate approved the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act in a 51-23 vote on June 17, sending the measure to the House for consideration. The vote followed a 68-30 cloture decision on June 11 that cut off debate and started the mandatory 30-hour countdown to the final roll call. Senator Bill Hagerty (R-Tenn.), the bill’s lead sponsor, called the vote “a big win for the United States.” In a statement shared on social media, he said GENIUS “establishes the first ever pro-growth regulatory framework for payment stablecoins.” He further added: “[The bill] will cement US-dollar […] - [Bitcoin’s slide below $104k liquidates over $500M as war tensions escalate](https://cryptocredex.com/bitcoins-slide-below-104k-liquidates-over-500m-as-war-tensions-escalate/): Bitcoin (BTC) continued its pullback on June 17, sliding over 4% amid renewed military and political friction between Israel and Iran. The flagship crypto fell to an intraday low of $103,300 before bulls stepped in to steady the price and push it back above $104,000, As of press time, Bitcoin was trading at $104,439, down roughly 3.87% over the past 24 hours. Meanwhile, the wider crypto market fared relatively worse with a 6% average decline across the board.  The impact on altcoins is highlighted by the nearly $508 million in liquidations in the past 24 hours, with over $167 million attributed […] - [Treasury Secretary Bessent says stablecoins are debt relief engine as Senate readies to vote on GENIUS Act](https://cryptocredex.com/treasury-secretary-bessent-says-stablecoins-are-debt-relief-engine-as-senate-readies-to-vote-on-genius-act/): Treasury Secretary Scott Bessent stated on June 17 that stablecoins could cut federal borrowing costs and slow debt growth if Congress sends the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act to the president.  In an X post, he pointed to research projecting a $3.7 trillion stablecoin market by 2030 and argued that the bill would accelerate that expansion by setting reserve, audit, and licensing rules.  Bessent called the outcome “a win-win-win” for issuers, the Treasury, and consumers because payment coin reserves would sit largely in short-dated US Treasuries, lifting demand for the securities and easing financing pressure. […] - [Coinbase seeking SEC approval to offer blockchain-based equities](https://cryptocredex.com/coinbase-seeking-sec-approval-to-offer-blockchain-based-equities/): Coinbase is seeking permission from the U.S. Securities and Exchange Commission (SEC) to launch blockchain-based equities, Reuters reported on June 17, citing the exchange’s chief legal officer, Paul Grewal. The plan would enable Coinbase to offer digital tokens that represent ownership in publicly listed companies, effectively merging traditional equity markets with blockchain infrastructure. If greenlit, this step could place the exchange in direct competition with mainstream retail brokers such as Robinhood and Charles Schwab. New product, familiar hurdles Grewal told the newswire the initiative is a “huge priority” for the exchange, which aims to secure a “no action letter” or […] - [NFC Summit 2025 Wraps Up in Lisbon: A Groundbreaking Celebration of Web3 Pop Culture](https://cryptocredex.com/nfc-summit-2025-wraps-up-in-lisbon-a-groundbreaking-celebration-of-web3-pop-culture/): The NFC Summit 2025, held from June 4-6 at the iconic Pavilhão Carlos Lopes in Lisbon, Portugal, concluded as a resounding success, solidifying its position as the world’s premier Web3 pop culture festival. Attracting over 4,000 attendees daily, the event delivered an electrifying blend of innovation, art, and community, redefining the future of digital culture. This year’s event pushed boundaries with immersive experiences, groundbreaking activations, and a vibrant closing beach party, setting a new standard for the NFC. A Revolutionary Immersive Stage At the heart of NFC Summit 2025 was its state-of-the-art 270-degree immersive stage, featuring five high-definition screens that […] - [Thailand’s government unveils five-year crypto tax exemption for investors](https://cryptocredex.com/thailands-government-unveils-five-year-crypto-tax-exemption-for-investors/): Thailand has announced a significant tax reform to position itself as a leading crypto-friendly nation. On June 17, the country’s Cabinet approved a five-year personal tax exemption on profits from selling digital assets, including Bitcoin. The measure takes effect from January 2025 and will run until December 2029. Deputy Finance Minister Julapun Amornvivat explained on the social media platform X that the capital gains tax will be waived for all crypto transactions conducted through licensed digital asset service providers (CASPs). The policy aims to attract more investment into Thailand’s digital economy while boosting domestic consumption and innovation. The authorities expect […] - [Bitcoin ETFs heat up with $1.7 billion inflows as Middle East tensions return](https://cryptocredex.com/bitcoin-etfs-heat-up-with-1-7-billion-inflows-as-middle-east-tensions-return/): Over the past seven trading days, spot Bitcoin ETFs saw $1.7 billion in total inflows, marking their strongest weekly streak in over a month. The reversal from late May’s outflows culminated with escalating military tensions between Israel and Iran, indicating a shift in investor behavior toward Bitcoin in periods of geopolitical uncertainty. Between June 10 and June 17, daily inflows averaged $244 million, with the largest daily inflow occurring on June 10 at $431.2 million. Notably, BlackRock’s IBIT contributed nearly 80% of the week’s intake, while previously lagging funds such as ARKB and BITB, which also turned positive. This contrasts […] - [A16z backs EigenLayer’s EigenCloud rollout with $70 million EIGEN investment](https://cryptocredex.com/a16z-backs-eigenlayers-eigencloud-rollout-with-70-million-eigen-investment/): EigenLayer has introduced a new platform called EigenCloud, designed to bring verifiability and transparency to both blockchain-native and traditional applications. The launch, announced on June 17 in a statement shared with CryptoSlate, introduces a unified system that leverages the power of EigenLayer’s ecosystem, including its native EIGEN token. Eigen Labs CEO Sreeram Kannan stated that EigenCloud represents a leap forward in blockchain programmability because it makes “virtually anything verifiable on-chain.” He added: “EigenCloud will enable the next generation of disruptive, mass-market crypto apps, closing the gap between what developers want to build onchain and what blockchains allow them to build…It […] - [Lawmakers think stablecoins are GENIUS: Inside the new US stablecoin bill](https://cryptocredex.com/lawmakers-think-stablecoins-are-genius-inside-the-new-us-stablecoin-bill/): The post Lawmakers think stablecoins are GENIUS: Inside the new US stablecoin bill appeared first on CryptoSlate. - [Coinbase CEO Brian Armstrong seen at 10 Downing Street amid push for UK crypto overhaul](https://cryptocredex.com/coinbase-ceo-brian-armstrong-seen-at-10-downing-street-amid-push-for-uk-crypto-overhaul/): Coinbase CEO Brian Armstrong recently met with senior policymakers in the United Kingdom to support the country’s ongoing efforts to shape clear crypto regulations. In a June 16 post on X, Armstrong revealed he had been in London, pictured outside Downing Street, for discussions focused on positioning the UK as a leading crypto hub. While he didn’t share specific details of who he met or the agenda points, he stressed the importance of this moment for the UK’s digital asset industry. He wrote: “This is a pivotal moment – hopeful the UK seizes this opportunity to solidify its position as […] - [Elizabeth Warren criticizes GENIUS Act over stablecoin concerns ahead of final vote](https://cryptocredex.com/elizabeth-warren-criticizes-genius-act-over-stablecoin-concerns-ahead-of-final-vote/): Senator Elizabeth Warren has voiced fresh concerns about the GENIUS Act, a bill designed to regulate stablecoins in the US financial system, ahead of its final vote scheduled for later today. In a June 16 statement on X, Warren claimed the bill could allow billionaires to launch stablecoins that monitor user activity and gain an unfair edge in the market. She also cautioned that any fallout from such initiatives might later require taxpayer bailouts. According to her: “The GENIUS Act has a major loophole allowing Big Tech companies and major retailers to issue their own private currencies structured as stablecoins. […] - [Canada beats US to launch first spot XRP ETF amid Ripple-SEC legal pause](https://cryptocredex.com/canada-beats-us-to-launch-first-spot-xrp-etf-amid-ripple-sec-legal-pause/): Ripple Labs and the US Securities and Exchange Commission (SEC) have jointly asked the Second Circuit Court to extend the suspension of the agency’s appeal. According to a June 16 court filing, both parties are pushing to delay the appeal to avoid further litigation following their previous settlement. This request follows an earlier effort to amend the final judgment in the case, which Judge Analisa Torres rejected. The court ruled the request lacked the “exceptional circumstances” needed to alter a final ruling. In response, Ripple and the SEC submitted a revised motion to suspend the ongoing appeal. Notably, the SEC […] - [Bitcoin gives up rally after Trump denies Iran-Israel ceasefire role, calls Tehran to evacuate](https://cryptocredex.com/bitcoin-gives-up-rally-after-trump-denies-iran-israel-ceasefire-role-calls-tehran-to-evacuate/): Bitcoin tumbled back to $106,000 in early Tuesday trading after U.S. President Donald Trump denied claims he was involved in brokering a ceasefire between Iran and Israel, shaking markets that had priced in potential de-escalation. The late-night Truth Social post from Trump, published just before midnight Eastern time, blasted French President Emmanuel Macron and dismissed any truce negotiations as “wrong” and “publicity-seeking.” The post came shortly after reports circulated suggesting Trump’s abrupt G7 exit was linked to a backchannel ceasefire push. “Publicity-seeking President Emmanuel Macron… Wrong! He has no idea why I’m on my way to Washington, but it certainly […] - [Bitcoin delivers 90% risk-adjusted return to 60/40 portfolios with 10% allocation, 2x gold’s risk efficiency](https://cryptocredex.com/bitcoin-delivers-90-risk-adjusted-return-to-60-40-portfolios-with-10-allocation-2x-golds-risk-efficiency/): Investors who added 10% in Bitcoin (BTC) to their “60/40 portfolio” strategies got a 90% risk-adjusted return in the past 12 months, outperforming gold’s 51% return in the same period. On a June 16 post via X, the profile Ecoinometrics highlighted BTC’s performance through June 13 and charted the result against total return. A 60/40 portfolio is a strategy in which investors allocate 60% of the portfolio’s assets to equities and 40% to fixed-income instruments. A pure equities index fund earned about 12% with a risk-adjusted ratio of 0.55. Adding bonds dropped the return to roughly 8% and left the […] - [Dozens of memecoin-related X accounts including Pumpfun suspended for unknown reasons](https://cryptocredex.com/dozens-of-memecoin-related-x-accounts-including-pumpfun-suspended-for-unknown-reasons/): The official Pump.fun account and the personal handle of its founder Alon Cohen were seemingly suspended by X on June 16, along with a cohort of other accounts tied to the memecoin sector. As of press time, neither X nor the people behind the suspended accounts explained the reason for the suspensions. Users noticed that the accounts were returning “user not found” errors at approximately 7:30 p.m. UTC, effectively removing the chief communication channel for the Solana-based memecoin launchpad site. Memecoin-related accounts suspended An X user identified as Otto compiled a list showing dozens of locked profiles, including handles tied […] - [Bybit unveils TradFi platform to blend crypto and traditional markets](https://cryptocredex.com/bybit-unveils-tradfi-platform-to-blend-crypto-and-traditional-markets/): Bybit launched a new platform on June 16 that allows users to trade gold, forex, stock CFDs, global indices, and commodities directly within its app, a first for any major crypto exchange. The launch of Bybit TradFi expands the company’s offerings beyond digital assets, positioning it as a full-service financial hub aimed at bridging the gap between traditional and emerging markets. According to Bybit, the service gives its 70 million users access to the five largest global markets without requiring separate software installations, such as MetaTrader 5, which is commonly needed for traditional asset trading. Bybit CEO and co-founder Ben […] - [Bitcoin reclaims $108k amid upward consolidation as war tensions show signs of easing](https://cryptocredex.com/bitcoin-reclaims-108k-amid-upward-consolidation-as-war-tensions-show-signs-of-easing/): Bitcoin (BTC) reclaimed the $108,000 threshold on June 16 as tensions of war escalating in the Middle East fell after Iran signaled it was open to negotiations with the US and Israel. Bitcoin’s move up regained the price level surrendered on June 12 while markets processed the initial flare-up in Israeli-Iranian hostilities.  The “Bitfinex Alpha” report published on June 16 described the formation as a “healthy consolidation phase within an ongoing upward path,” noting that last week’s retreat measured only 9% from peak to trough. This is well inside the cycle’s median 7% drawdown. Traders briefly drove the Fear & Greed […] - [JPMorgan files ‘JPMD’ trademark for digital asset payment services, hinting at potential stablecoin](https://cryptocredex.com/jpmorgan-files-jpmd-trademark-for-digital-asset-payment-services-hinting-at-potential-stablecoin/): JPMorgan filed a trademark application for the mark “JPMD,” covering trading, exchange, transfer, and payment services tied to virtual currency, digital tokens, and blockchain-enabled money.  According to reports from June 16, the filing lists electronic fund transfers, real-time token trading, custody services, and secure online financial transactions. The document identifies JPMorgan Chase Bank, N.A., as the owner and cites the bank’s Columbus, Ohio, address. The move comes after reports on May 23 that JPMorgan, Bank of America, Citigroup, and Wells Fargo are discussing a joint stablecoin initiative.  Frax Finance founder Sam Kazemian confirmed the talks, indicating that discussions have advanced […] - [Gemini, Coinbase near EU licenses as regulators clash over rapid approvals](https://cryptocredex.com/gemini-coinbase-near-eu-licenses-as-regulators-clash-over-rapid-approvals/): Crypto exchanges Coinbase and Gemini are close to securing regulatory approvals granting them access to operate across the EU, Reuters reported on June 16, citing people familiar with the matter. According to the report, the expectation has intensified tensions among national regulators over the speed and oversight of new licensing under the bloc’s landmark crypto framework. The EU’s Markets in Crypto-Assets (MiCA) regulation, in force since early this year, allows any member state to issue a license that unlocks the entire 27-nation market. While hailed as a step toward aligning crypto oversight with traditional finance, some regulators privately warn that […] - [ZachXBT warns suspected ZKasino fraudster may be linked to new crypto venture WhiteRock](https://cryptocredex.com/zachxbt-warns-suspected-zkasino-fraudster-may-be-linked-to-new-crypto-venture-whiterock/): Investigators have linked a figure in the $30 million ZKasino alleged scam to a fresh cryptocurrency project branded WhiteRock (WHITE), on-chain analyst ZachXBT reported in a June 16 post on X. WhiteRock surfaced in December 2024 with an anonymous team, overstated user counts, and unverifiable claims about a USDX reserve, researchers at Blokiments wrote in a memo dated June 13. Evidence ZachXBT added fresh evidence by finding an influencer that received payment from a WhiteRock-tied wallet, which also aggregates deposits traceable to ZKasino’s treasury. Separate transfers in February and March show identical amounts exiting a ZKasino wallet to an instant […] - [Trump Media files for groundbreaking Bitcoin and Ethereum ETF](https://cryptocredex.com/trump-media-files-for-groundbreaking-bitcoin-and-ethereum-etf/): Trump Media & Technology Group (TMTG), the company behind the Truth Social platform, has filed to launch a new exchange-traded fund (ETF) that would track Bitcoin and Ethereum. The filing, submitted to the US Securities and Exchange Commission (SEC) on June 16, marks a bold move in the firm’s shift toward digital finance. According to the filing: “The Trust is a passive investment vehicle that does not seek to generate returns beyond tracking the prices of bitcoin and ether and, to the extent the Trust engages in Staking (as defined herein), rewards earned from its staked ether.” The proposed ETF […] - [Strategy now holds 592,100 Bitcoin, less than 20K BTC behind Binance](https://cryptocredex.com/strategy-now-holds-592100-bitcoin-less-than-20k-btc-behind-binance/): Strategy (formerly known as MicroStrategy) has expanded its Bitcoin holdings by acquiring 10,100 BTC for approximately $1.05 billion. The purchase, disclosed in a June 16 filing with the US Securities and Exchange Commission (SEC), brings the company’s total Bitcoin stash to 592,100 BTC. Notably, this single purchase equals the entire Bitcoin stack accumulated by Japanese firm Metaplanet since its BTC adoption began in April 2024. Additionally, the recent purchase has brought Strategy less than 20,000 BTC away from Binance’s Bitcoin stash, one of the largest outside of Satoshi Nakamoto’s infamous wallet. Strategy’s Bitcoin funding According to the SEC filing, the […] - [Pakistan building Bitcoin ‘super team’ with Michael Saylor joining CZ on crypto council](https://cryptocredex.com/pakistan-building-bitcoin-super-team-with-michael-saylor-joining-cz-on-crypto-council/): Michael Saylor, the billionaire Bitcoin advocate and executive chairman of Strategy, is backing Pakistan’s state-led Bitcoin pivot, according to new footage and media reports emerging from Islamabad. A call with top officials marks the latest escalation in Pakistan’s plan to formalize a Strategic Bitcoin Reserve (SBR). The video footage, posted on X by Finance Ministry media officer Hamid Raza Wattoo, shows Saylor with Finance Minister Muhammad Aurangzeb and Minister of State for Blockchain and Crypto Bilal Bin Saqib. The meetings follow Pakistan’s public announcement of the SBR on 28 May at the Bitcoin 2025 conference in Las Vegas. Saylor’s outreach […] - [Solana co-founder calls Cardano’s proposed $100M treasury move to Bitcoin ‘so dumb’](https://cryptocredex.com/solana-co-founder-calls-cardanos-proposed-100m-treasury-move-to-bitcoin-so-dumb/): Solana Labs co-founder Anatoly Yakovenko has opposed Cardano’s leadership’s new proposal to convert part of its treasury into Bitcoin. In a June 16 post on X, Yakovenko suggested the idea was misguided, arguing that it reflects poor treasury management and sends the wrong message to the Cardano community. According to him: “Projects should keep 18-36 months of post kill list runway in short term TBills, but that’s about it.” The controversy stems from a June 13 proposal by Cardano founder Charles Hoskinson, who suggested that the blockchain network could redirect $100 million worth of ADA from its treasury into Bitcoin […] - [Investors price Metaplanet’s 10k Bitcoin holdings at $759k each as stock hits ¥1 trillion](https://cryptocredex.com/investors-price-metaplanets-10k-bitcoin-holdings-at-759k-each-as-stock-hits-%c2%a51-trillion/): Japanese investment firm Metaplanet has reached its short-term goal of acquiring 10,000 Bitcoin, following a recent purchase of 1,112 BTC for approximately $117 million. The acquisition was completed at an average price of $105,405 per coin, pushing Metaplanet past Coinbase in the rankings of public companies with the most significant Bitcoin holdings. The milestone means the company doubled its BTC reserves in just six months. At the start of 2025, Metaplanet held fewer than 5,000 BTC but has aggressively acquired around 6,000 BTC during the ensuing period. This rapid accumulation signals the firm’s deepening commitment to Bitcoin as a core […] - [Bitcoin, Ethereum lead $1.9 billion crypto inflows as investors look beyond Middle East tensions](https://cryptocredex.com/bitcoin-ethereum-lead-1-9-billion-crypto-inflows-as-investors-look-beyond-middle-east-tensions/): Digital asset funds continued their winning streak last week, pulling in $1.9 billion in new investments, according to CoinShares‘ latest weekly report. This marks the ninth week in a row of positive inflows, pushing the cumulative total over the period to $12.9 billion. Year-to-date, digital asset investment products have now seen a record $13.2 billion in inflows. James Butterfill, CoinShares’ head of research, noted that these flows showed that investors appear to be moving past broader market fears, including geopolitical tensions in the Middle East. Bitcoin sees strong rebound, Ethereum shines Bitcoin led the rally with $1.3 billion in new […] - [France eyes Bitcoin mining to cut energy waste and boost grid stability](https://cryptocredex.com/france-eyes-bitcoin-mining-to-cut-energy-waste-and-boost-grid-stability/): A group of lawmakers in France is advocating for a national review on how Bitcoin mining can help address the country’s persistent surplus in electricity production. The proposal, submitted to the French National Assembly on June 12, urges the government to examine whether Bitcoin’s energy-intensive mining process could be harnessed to absorb excess power, especially from the nuclear plants that generate the bulk of France’s electricity. A translated version of their proposal reads: “At a time when France is seeking to optimize the management of its surplus electricity production—particularly from nuclear or renewable sources—Bitcoin mining offers unique technical characteristics.” France […] - [Bybit launches Solana on-chain CeDeFi app Byreal as DEX volume jumps 16%](https://cryptocredex.com/bybit-launches-solana-on-chain-cedefi-app-byreal-as-dex-volume-jumps-16/): Bybit, one of the world’s most active crypto derivatives exchanges, has announced the launch of Byreal, a decentralized exchange (DEX) built on Solana, marking its most aggressive push yet into DeFi. The move signals a broader pivot toward hybrid finance, where centralized liquidity meets decentralized transparency. “Byreal isn’t ‘just another DEX.’ It’s combining CEX-grade liquidity with DeFi-native transparency,” tweeted CEO Ben Zhou in a press note released on June 15. The statement, part of a broader thread, emphasized Byreal’s ambition to combine the “CEX-grade liquidity” of Bybit with the auditability and self-custody of DeFi. CeDeFi takes shape Byreal is set […] - [Bitcoin surges past $107k as crypto market defies global unrest over Israel-Iran tensions](https://cryptocredex.com/bitcoin-surges-past-107k-as-crypto-market-defies-global-unrest-over-israel-iran-tensions/): Bitcoin has bounced back above $107,000 after a sharp weekend slump triggered by rising tensions between Israel and Iran. According to CryptoSlate’s data, this is the first time in four days that BTC has crossed this level, showing signs of renewed investor confidence. The downturn began after Israel launched a surprise strike on June 13, reportedly targeting Iran’s nuclear infrastructure and senior military officials. In retaliation, Iran responded with missile strikes on key Israeli cities, including Tel Aviv and Haifa. The initial strike sent shockwaves through global markets, pushing Bitcoin down to around $103,000, a multi-week low. Over $1 billion […] - [Solana AI project Kled team wallets dumps $800k tokens after promising a $500k buyback plan](https://cryptocredex.com/solana-ai-project-kled-team-wallets-dumps-800k-tokens-after-promising-a-500k-buyback-plan/): Two wallets linked to Solana-based Kled AI (KLED) moved 58.25 million KLED out of an address between May 31 and June 7, then dispersed the tokens across 99 new wallets a few days after announcing a buyback plan. According to a June 10 report by Dashcoin Research founder Nicholas Wenzel, the amount moved was worth $800,000, which dwarfs KLED’s first public buyback of $50,000 announced on May 28. Along with the initial purchase, Kled AI pledged to continuously repurchase tokens from the market as part of a $500,000 buyback plan. On-chain analysis by CryptoSlate found that KLED-related wallets converted most […] - [Vietnam ends crypto ‘Grey Zone’ with sweeping new digital asset legislation](https://cryptocredex.com/vietnam-ends-crypto-grey-zone-with-sweeping-new-digital-asset-legislation/): Vietnam has officially exited the crypto “grey zone.” In a decisive June 14 vote, the National Assembly passed the Law on Digital Technology Industry, a sweeping legislative package that recognizes and regulates digital assets in one of the world’s most active crypto markets for the first time. The law, which takes effect January 1, 2026, ends years of regulatory limbo and seeks to introduce changes such as a licensing regime for exchanges, AML safeguards, and tax rules tailored to digital assets. It positions Vietnam as Southeast Asia’s latest and potentially largest regulated crypto market. Two asset classes, one national strategy […] - [Stablecoins are the ‘highest utility form of money,’ but industry is yet to reach ‘iPhone moment’: Circle CEO](https://cryptocredex.com/stablecoins-are-the-highest-utility-form-of-money-but-industry-is-yet-to-reach-iphone-moment-circle-ceo/): Jeremy Allaire, founder and CEO of Circle, the USD Coin (USDC) issuer that went public this month, called stablecoins the “highest utility form of money ever created” in an X post on June 15. He added, however, that the stablecoin industry is yet to experience a significant disruption. Programmability of stablecoins will usher in change Allaire’s comments were a response to an X post by Sam Broner, partner at a16z Crypto, who claimed that “stablecoins are better because they encourage competition.” Broner noted that with fixed and marginal costs of building a fintech becoming lower, now “anyone can program money.” […] - [Coinbase’s sponsorship of Trump’s military parade sparks debate over crypto’s anti-establishment roots](https://cryptocredex.com/coinbases-sponsorship-of-trumps-military-parade-sparks-debate-over-cryptos-anti-establishment-roots/): Coinbase’s sponsorship of the military parade in Washington, D.C., on June 14 has sparked a debate about whether crypto has lost sight of its original ethos. The parade, which was held to commemorate the U.S. Army’s 250th birthday, took place amid the country-wide ‘No Kings’ protests. The protestors voiced their opposition to President Donald Trump’s immigration policy and mass deportations, calling the parade, which coincided with Trump’s 79th birthday, the behavior of a dictator. Coinbase, the largest crypto exchange in the U.S. and the third-largest in the world, joined tech giants like Amazon in sponsoring the military parade, which drew […] - [Ethereum at a crossroads: SSV founder Alon Muroch on the ‘dangerous’ divergence affecting crypto’s number 2 coin](https://cryptocredex.com/ethereum-at-a-crossroads-ssv-founder-alon-muroch-on-the-dangerous-divergence-affecting-cryptos-number-2-coin/): Welcome to Slate Sundays, CryptoSlate’s new weekly feature showcasing in-depth interviews, expert analysis, and thought-provoking op-eds that go beyond the headlines to explore the ideas and voices shaping the future of crypto. Alon Muroch is a man on a mission. As the founder of SSV Labs, which contributes to the second-largest Ethereum staking infra provider, SSV Network, Alon has been passionately championing the virtues of the industry’s number-two coin since the early days. Long before Ethereum switched to Proof of Stake, Alon contributed to the initial Ethereum clients. And Eth’s lackluster performance and knockdown price are bothering him. A lot. So […] - [Taiwan tightens semiconductor export controls on Huawei and SMIC amid US-China tech rivalry](https://cryptocredex.com/taiwan-tightens-semiconductor-export-controls-on-huawei-and-smic-amid-us-china-tech-rivalry/): Taiwan has intensified its technology export controls by blacklisting two of China’s foremost semiconductor companies, Huawei Technologies and Semiconductor Manufacturing International Corp (SMIC), amid escalating tensions in the global tech sector.  The updated Strategic High-Tech Commodities Entity List, released by Taiwan’s Ministry of Economic Affairs, now includes both firms along with several of their subsidiaries, requiring Taiwanese companies to obtain government approval before exporting any products to them. Neither Huawei nor SMIC issued an immediate response to their inclusion. This move effectively cuts off Huawei and SMIC from accessing advanced semiconductor technologies produced in Taiwan, undermining their efforts to compete […] - [Why I left Web2 for Web3 – and why you might, too](https://cryptocredex.com/why-i-left-web2-for-web3-and-why-you-might-too/): The following article is a guest post and opinion of Yurii Kovalchuk, Senior Blockchain Engineer at Forte Group. Three and a half years ago, I made a decision that completely changed the trajectory of my career. I left the familiar world of Web2 and stepped into the deep, chaotic, and exhilarating space of blockchain development. It wasn’t an obvious move. I wasn’t chasing pump or overnight success. I was searching for meaning – for technology that aligned with my values, challenged my thinking, and gave me a reason to keep building. Since then, I haven’t looked back. Web3 became more […] - [Trump earned over $58 million from crypto ventures in 2024](https://cryptocredex.com/trump-earned-over-58-million-from-crypto-ventures-in-2024/): U.S. President Donald Trump, who ventured into crypto during his presidential campaign last year, earned over $58 million from crypto ventures in 2024. Trump’s mandatory 2025 financial disclosure report filed on Friday detailed his earnings from all businesses between Jan. 1 and Dec. 31, 2024. In the filing, Trump reported employment-related assets worth a minimum of $1.4 billion and revenue of at least $622 million, according to the New York Times. Trump’s earnings from crypto before his second term started According to Trump’s mandatory 2025 financial disclosure report filed on Friday, his stake in World Liberty Financial (WLF) alone earned […] - [SEC greenlights Trump Media’s $2.3B Bitcoin Treasury deal](https://cryptocredex.com/sec-greenlights-trump-medias-2-3b-bitcoin-treasury-deal/): The U.S. Securities and Exchange Commission (SEC) greenlighted the registration statement filed by Trump Media and Technology Group for its $2.3 billion Bitcoin (BTC) Treasury deal on June 13, an SEC filing shows. Trump Media, the company behind Truth Social, is a public company that U.S. President Donald Trump’s family significantly controls. The SEC “declared effective” Trump Media’s S-3 registration statement, which was filed on June 6. Companies file Form S-3 to register the sale of securities with the SEC. Following the SEC’s approval, Trump Media filed a corresponding final prospectus with the agency on Friday. According to the filing, Trump Media […] - [Gold price nears all-time high amid fears of broader regional Middle Eastern conflict ](https://cryptocredex.com/gold-price-nears-all-time-high-amid-fears-of-broader-regional-middle-eastern-conflict/): Gold price is nearing its all-time high at $3,433, further fueling its up-and-to-the-right rally in 2025, as escalating tensions in the Middle East drive investors toward traditional safe-haven assets. The surge in gold price reflects not only geopolitical uncertainty but also a broader shift in global reserve strategies. The ECB reported last week that gold had overtaken the euro in 2024 as the world’s second-most important reserve asset, driven by record purchases by central banks. Over the past month, the spot gold price has climbed nearly 5%, rebounding from a mid-May low of around $3,123 and gaining 1.6% overnight, pushing […] - [BitcoinWorld Hack: A Full Breakdown of the $250K Crypto Media Platform Breach](https://cryptocredex.com/bitcoinworld-hack-a-full-breakdown-of-the-250k-crypto-media-platform-breach/): A prominent crypto media platform, BitcoinWorld, has fallen victim to a sophisticated cyberattack, resulting in the draining of approximately $250,000 worth of digital assets from its operational wallets. This BitcoinWorld hack represents a significant security breach, prompting an immediate and deep dive into the incident by blockchain forensics firm Chainbull.net, with crucial legal support from Cyber Lawyer Primal Goyal. The ongoing investigation aims to trace the stolen funds, identify the perpetrators, and initiate legal proceedings against the attackers. Table of Contents The Attack: Unauthorized Access and Fund Draining The breach at BitcoinWorld was executed through unauthorized access to internal wallets directly linked […] - [Bitcoin holds steady at $105k despite escalating tensions between Iran, Israel](https://cryptocredex.com/bitcoin-holds-steady-at-105k-despite-escalating-tensions-between-iran-israel/): Bitcoin (BTC) remained near the $105,000 mark on June 13, a sign of relative resilience following a sharp dip triggered by escalating conflict between Israel and Iran. As of press time, Bitcoin was trading at $105,600, having recovered the previous night’s pullback to end the day down 0.11% over the past 24 hours. The turbulence followed Israeli airstrikes on Iranian nuclear and military sites a day ago, prompting Iran to respond with drone and missilie attacks on June 13. This regional escalation sparked volatility across global markets. The initial news of Israel’s attack caused significant volatility in global markets, causing […] - [Anthony Pompliano planning $750 million Bitcoin-focused investment firm via SPAC](https://cryptocredex.com/anthony-pompliano-planning-750-million-bitcoin-focused-investment-firm-via-spac/): Morgan Creek Digital Assets co-founder and crypto influencer Anthony Pompliano is preparing to launch a new Bitcoin-focused investment vehicle that aims to raise $750 million through a merger with Columbus Circle Capital 1, the Financial Times reported on June 13, citing people familiar with the matter. The new entity, called ProCapBTC, will reportedly secure $500 million in fresh equity commitments alongside $250 million in convertible debt. The fundraising would follow a merger with Columbus Circle Capital 1, a special purpose acquisition company, or SPAC, which went public in May with backing from investment bank Cohen & Company Capital Markets. The […] - [Spot Ethereum ETFs register new inflow record with 19-day streak, capturing nearly $1.4 billion](https://cryptocredex.com/spot-ethereum-etfs-register-new-inflow-record-with-19-day-streak-capturing-nearly-1-4-billion/): Spot Ethereum exchange-traded funds (ETFs) listed in the US set a new record by attracting net inflows for 19 consecutive trading sessions between May 16 and June 12, adding almost $1.4 billion. According to Farside Investors’ data, the streak began with $35 million on May 16, passed $1 billion on May 29, and reached $1.38 billion after another $54 million on June 12. The heaviest single-day intake of $110.5 million occurred on May 22. Previous record attracted more capital The uninterrupted flow replaces the previous high of 18 straight inflow days set from Nov. 22 to Dec. 18, 2024, when […] - [Invesco and Galaxy chase Solana ETF dream with Delaware trust registration](https://cryptocredex.com/invesco-and-galaxy-chase-solana-etf-dream-with-delaware-trust-registration/): Invesco and Galaxy Digital have taken a concrete step toward bringing a Solana exchange-traded fund (ETF) to the US market. Public records show that the firms registered a trust named Invesco Galaxy Solana ETF with Delaware’s Division of Corporations on June 12. Over the past months, several firms have created Delaware statutory trusts before seeking approval from the US Securities and Exchange Commission (SEC) to launch a crypto ETF. This structure provides a legal framework and signals intent to regulators and investors alike. If Invesco and Galaxy proceed as expected, the next milestone will be filing an S-1 registration statement […] - [Crypto market maker Gotbit and founder sentenced for fraud, manipulation](https://cryptocredex.com/crypto-market-maker-gotbit-and-founder-sentenced-for-fraud-manipulation/): Gotbit Consulting LLC, a prominent cryptocurrency market maker, was sentenced in federal court for criminal charges related to a multi-year scheme to manipulate digital asset trading volumes, according to a June 13 press release. Aleksei Andriunin, the firm’s 26-year-old founder and CEO, was sentenced to eight months in prison and one year of supervised release for conspiracy to commit wire fraud and market manipulation. The Russian-Portuguese national was extradited from Portugal to the U.S. earlier this year after his arrest in October 2024. Prosecutors say Gotbit orchestrated a sophisticated scheme between 2018 and 2024 that involved “wash trading,” which involves […] - [XYZVerse Gains Strong Momentum, Raising Over $14M in Stage 12](https://cryptocredex.com/xyzverse-gains-strong-momentum-raising-over-14m-in-stage-12/): XYZVerse is a new meme coin project that has garnered significant attention from the crypto community thanks to its unique concept. It is the fist all-sports meme coin that offers real utility to all sports fans and crypto enthusiasts by partnering with sportsbook platforms. Still in a presale phase, XYZVerse has already formed a strong community. Some users anticipate that the project could live up to its goal of raising its native token XYZ from the launch price of $0.0001 to the listing price of $0.1. Currently, the twelfth stage of the presale is running. The price is set to […] - [SharpLink’s record $463M Ethereum acquisition fails to prevent 67% decline in stock](https://cryptocredex.com/sharplinks-record-463m-ethereum-acquisition-fails-to-prevent-67-decline-in-stock/): SharpLink Gaming has established a significant Ethereum reserve, acquiring more than 176,000 ETH at an average price of $2,626 per token, according to a statement released on June 13. The $463 million investment marks the company as the first Nasdaq-listed firm to implement an Ethereum-focused treasury strategy. In addition, the company is the largest public holder of ETH, behind only the Ethereum Foundation. ETH staking SharpLink stated that its Ethereum-centered treasury strategy company aims to provide its shareholders with direct exposure to the digital asset while reinforcing its belief in ETH’s role in powering future technologies. Notably, the company reported […] - [Walmart & Amazon eye $14B in savings by launching corporate stablecoin](https://cryptocredex.com/walmart-amazon-eye-14b-in-savings-by-launching-corporate-stablecoin/): Walmart and Amazon are preparing to launch their own stablecoins as the U.S. Senate advances landmark legislation that would establish a federal regulatory framework for privately issued digital dollars for the first time. The legislation, known as the GENIUS Act (S.394), has passed committee and cleared cloture, with a final Senate vote scheduled for June 17. Per Bloomberg and Wall Street Journal, both retailers are exploring the feasibility of issuing stablecoins backed by U.S. dollars or Treasuries. The companies have not made formal announcements or filed license applications, but internal teams have begun evaluating technology partners and compliance paths. Their […] - [Israel-Iran tensions trigger over $7 million crypto betting volume spree on Polymarket](https://cryptocredex.com/israel-iran-tensions-trigger-over-7-million-crypto-betting-volume-spree-on-polymarket/): The Israel-Iran conflict has triggered a wave of speculation across the crypto sector, with traders pouring millions into prediction markets. On Polymarket, a decentralized platform that allows users to wager on real-world outcomes, betting volume linked to the crisis has now exceeded $7 million across over 20 markets. Tensions escalated sharply on June 13 when Israel carried out a preemptive strike on Iranian targets. The operation reportedly aimed at crippling Iran’s nuclear program and missile capabilities and resulted in the deaths of high-ranking military officials and nuclear scientists. Israel-Iran faceoff spikes Polymarket volume Polymarket data shows that this dramatic development […] - [Bitcoin fills CME gap after Iran strike sparks $5,000 sell-off](https://cryptocredex.com/bitcoin-fills-cme-gap-after-iran-strike-sparks-5000-sell-off/): Bitcoin’s retracement from $109,000 over the past 24 hours capped off a volatile week defined by thin weekend liquidity and sharp reactions to geopolitical stress. In the early hours of Friday, June 13, the market saw the $1,490 CME gap closed, which formed between the Friday (June 6) close at $105,060 and the Sunday (June 8) open at $106,550. After slow gains for most of the week, BTC plunged below $103,000 between June 12, completing the textbook gap fill at the 00:00 UTC candle on June 13. The gap closed after Israel launched targeted strikes against Iranian nuclear and military […] - [XRP corporate treasury investments near $1 billion as companies embrace blockchain potential](https://cryptocredex.com/xrp-corporate-treasury-investments-near-1-billion-as-companies-embrace-blockchain-potential/): A growing number of public companies are committing significant funds to XRP treasuries, with total commitments approaching the $1 billion milestone. The move signals rising institutional interest in integrating blockchain-based assets into corporate financial strategies. Momentum builds around corporate XRP reserves On June 12, Singapore-based Web3 firm Trident Digital revealed plans to raise up to $500 million to establish a corporate XRP treasury. Trident CEO Soon Huat Lim said the move highlights the firm’s confidence in blockchain’s potential to transform capital allocation and enable seamless cross-border value transfers. Lim added that the effort will serve as an example of how […] - [Cardano considers offloading $100M ADA to jumpstart lagging DeFi and stablecoin ecosystem](https://cryptocredex.com/cardano-considers-offloading-100m-ada-to-jumpstart-lagging-defi-and-stablecoin-ecosystem/): The Cardano ecosystem could soon undergo a strategic treasury shift to energize its DeFi and stablecoin sectors. On June 13, the network founder Charles Hoskinson suggested allocating around $100 million worth of ADA from the network’s treasury towards a mix of stablecoins and Bitcoin. According to him: “[W]e take about a hundred million worth of ADA in the treasury and convert it to a blend of a collection of stablecoins incumbent in Cardano, so USDM, USDA, as well as ADA-backed stable synthetics like iUSD and also convert some of it to Bitcoin to prime the Bitcoin DeFi.” Hoskinson emphasized that this […] - [SEC pulls back from crypto rules proposed under Gary Gensler administration](https://cryptocredex.com/sec-pulls-back-from-crypto-rules-proposed-under-gary-gensler-administration/): The US Securities and Exchange Commission (SEC) is rolling back 14 proposed rules, including key measures that once targeted the crypto industry. The decision, announced on June 12, illustrates the shift in regulatory priorities as the agency distances itself from the aggressive stance adopted during the previous administration. The withdrawn proposals were introduced between March 2022 and November 2023 under former SEC Chair Gary Gensler and had drawn sharp opposition from crypto advocates. SEC rescinded rules Two of the rescinded rules would have directly impacted how digital assets are managed and traded in the US. One rule sought to expand […] - [How Nemo Money Is Redefining Global Investing With Smart Tools and Zero Commission Trading](https://cryptocredex.com/how-nemo-money-is-redefining-global-investing-with-smart-tools-and-zero-commission-trading/): Introduction In an increasingly complex investment world, Nemo Money is breaking through the noise. As a next-generation investing app developed by Exinity, Nemo is designed for both new and experienced investors looking for smarter, more accessible ways to manage their money — without paying excessive fees. Built for Investors Who Want More With over 6,000 assets across stocks, ETFs, and crypto CFDs, Nemo combines cutting-edge tech with powerful financial tools to help users make informed decisions. Whether you’re tracking trending “memes” (themed investment collections like Tech Giants or Green Energy), or just starting with your first $10 deposit, Nemo gives […] - [Over $1.1B liquidated amid Middle East conflict with Bitcoin, Ethereum hit hardest](https://cryptocredex.com/over-1-1b-liquidated-amid-middle-east-conflict-with-bitcoin-ethereum-hit-hardest/): In the past 24 hours, over $1.14 billion in crypto market positions were liquidated, with long positions accounting for roughly 91 percent of the total, according to data from Coinglass. Crypto liquidations (Source: Coinglass) The sharp unwinding came as Bitcoin dropped more than 5 percent from a local high of $108,000 Thursday to as low as $103,000, following Israeli airstrikes across Iran. The largest single liquidation involved a $201 million BTCUSDT order on Binance. In total, Binance recorded $456 million in liquidations, with Bybit and OKX trailing at $372 million and $126 million, respectively. Among assets, Bitcoin and Ethereum led […] - [Israel strike on Iran nuclear sites causes Bitcoin 5% slide, fails to act as a financial flight to safety](https://cryptocredex.com/israel-strike-on-iran-nuclear-sites-causes-bitcoin-5-slide-fails-to-act-as-a-financial-flight-to-safety/): Bitcoin dropped sharply early Friday following Israel’s overnight strikes on Iran, weakening its recent position as a perceived safe-haven asset. The leading digital asset fell over 5 percent, from a local high of $108,000 on Thursday to approximately $103,000, as market participants reacted to escalating conflict in the Middle East. Oil markets surged in response to the developments, with Brent and WTI crude benchmarks each climbing more than 10 percent. As of press time, Bitcoin has recovered marginally to $104,165. Bitcoin and macro reaction to Israel strikes on Iran (Source: TradingView) Traders cited fears of disrupted supply chains across the […] - [Bitcoin liquidity moves to non-KYC exchanges as US reserves thin](https://cryptocredex.com/bitcoin-liquidity-moves-to-non-kyc-exchanges-as-us-reserves-thin/): During Bitcoin’s climb to a new ATH above $111,000 in late May, a silent but measurable reshuffling has occurred in the market: more BTC is now held on offshore exchanges than on regulated platforms in the US, and volumes are steadily leaking from KYC-compliant venues. Data from CryptoQuant shows that the market embraced institutional inflows in 2025 without abandoning its historical preference for flexible custody and low-friction trading platforms. At the center of this reallocation is the exchange reserve ratio, a measure comparing the amount of BTC held on different types of exchanges. As of June 11, the reserve ratio […] - [Neo Pepe Coin Ultimate Guide – Community DAO Token Highlights](https://cryptocredex.com/neo-pepe-coin-ultimate-guide-community-dao-token-highlights/): Unveil the Secret to Decentralized Crypto with Neo Pepe Welcome to the Neo Pepe revolution, where memes meet cutting-edge cryptocurrency! Neo Pepe ($NEOP) isn’t just a coin; it’s a movement, a rallying cry for decentralization, and the hottest ticket in town for crypto enthusiasts (and yes, meme lovers too). Want to learn how Neo Pepe merges DAO governance, smart treasury management, and a sizzling presale structure to fuel a community-driven frenzy? You’ve come to the right place. By the end of this guide, you’ll know everything about Neo Pepe’s DAO governance, presale stages, tokenomics, and how it might just be […] - [SEC, Ripple seek to end multi-year legal dispute with amended filing](https://cryptocredex.com/sec-ripple-seek-to-end-multi-year-legal-dispute-with-amended-filing/): Ripple and the U.S. Securities and Exchange Commission have refiled a joint request asking a federal judge to dissolve a court-imposed injunction and approve a revised $50 million penalty settlement, aiming to conclude their years-long legal battle. According to a June 12 court filing, the SEC and Ripple asked Judge Analisa Torres of the Southern District of New York to issue an indicative ruling on their joint motion to dissolve the injunction issued in a 2024 Final Judgment. The two parties proposed that $50 million be paid to the SEC as a civil penalty, with the remaining $75 million returned […] - [Shopify to enable USDC payments via Base across its Checkout ecosystem](https://cryptocredex.com/shopify-to-enable-usdc-payments-via-base-across-its-checkout-ecosystem/): Shopify is rolling out support for USDC payments, allowing consumers to pay with stablecoins via Shopify Payments and Shop Pay. The feature, developed in partnership with Coinbase and launching on the exchange’s Base blockchain, is available in early access starting this week and will expand to more merchants over the coming months. New payment rails According to Shopify CEO Tobi Lütke, the integration is powered by a new smart contract-based payment protocol designed specifically for e-commerce. The system enables customers to pay in Circle’s stablecoin USDC, while merchants receive payouts in local fiat currency by default unless they opt to […] - [Andreessen Horowitz champions blockchain integration for AI ownership and innovation](https://cryptocredex.com/andreessen-horowitz-champions-blockchain-integration-for-ai-ownership-and-innovation/): Andreessen Horowitz’s crypto arm a16z said blockchains could steer artificial intelligence toward user ownership and open standards, according to a June 11 report. The paper argued that core context and “agent passports” should reside in self-custodial wallets, providing any large-language-model interface with instant access to preferences without requiring repeated training.  A chain-based identity layer would allow agents to carry verifiable records of owners, capabilities, and payment details across email, Slack, and other platforms. Meanwhile, proof-of-personhood systems such as World Chain’s World ID could help screen bots as generative models proliferated. Computation and payment rails For computing, the report promoted decentralized […] - [Coinbase to launch CFTC-cleared perpetual futures trading, Bitcoin-backed credit card for US customers](https://cryptocredex.com/coinbase-to-launch-cftc-cleared-perpetual-futures-trading-bitcoin-backed-credit-card-for-us-customers/): Coinbase announced a Bitcoin-backed credit card and CFTC-compliant perpetual futures for US customers. The exchange made the revelation during its annual State of Crypto Summit on June 12. Perpetual futures for US traders Max Branzburg, head of consumer and business products, said Coinbase will soon list perpetual futures contracts for domestic users under the Commodity Futures Trading Commission (CFTC) oversight.  The exchange already offers futures cleared through a regulated venue for global users, and the new products will mirror offshore perpetuals while remaining subject to U.S. margin and clearing rules. Branzburg noted that derivatives represent 75% of global crypto turnover […] - [Vitalik proposes ‘Lean Ethereum’ to achieve quantum security, simpler validator operations](https://cryptocredex.com/vitalik-proposes-lean-ethereum-to-achieve-quantum-security-simpler-validator-operations/): Ethereum builders outlined a “Lean Ethereum” roadmap that aims to trim layer-1 complexity while hardening security, according to researcher Thomas Coratger on June 12 via X.  Co-founder Vitalik Buterin and researcher Justin Drake discussed the concept in a breakout session at the Forschungsingenieurtagung conference in Berlin. It proposes three guiding targets: security, simplicity, and optimality. ‘Lean Ethereum’ Coratger wrote that the roadmap calls for post-quantum-ready signatures and reworked data availability to guard the ledger against future cryptographic threats.  He added that simplicity would come from slimming consensus, execution, and data layers so new contributors can audit code without steep learning […] - [Polygon unveils ‘Gigagas’ roadmap to reach 100,000 TPS](https://cryptocredex.com/polygon-unveils-gigagas-roadmap-to-reach-100000-tps/): Polygon has laid out an ambitious scaling roadmap to reach 100,000 transactions per second (TPS), beginning with a July upgrade that will bring the network to 1,000 TPS. The roadmap comes a day after Polygon announced a governance revamp and shift in focus to Agglayer. Dubbed the “Gigagas” roadmap, the initiative is focused on making Polygon the go-to blockchain for real-world financial applications. It culminates in a long-term plan to power global-scale payments and tokenized assets. The July Bhilai Upgrade will introduce 1,000+ TPS throughput, reduce transaction finality to ~5 seconds, and stabilize gas fees under $0.001 per transaction without increasing […] - [Hong Kong teams up with university to tackle crypto laundering with tech](https://cryptocredex.com/hong-kong-teams-up-with-university-to-tackle-crypto-laundering-with-tech/): Hong Kong is stepping up its fight against crypto-related money laundering by working with the University of Hong Kong (HKU) on technology-driven solutions, including improved tracking of virtual asset flows. The new effort was revealed in a government statement on June 12, following a four-day workshop focused on enhancing anti-money laundering (AML) strategies. Collaborative effort Under the project, engineers and researchers from HKU will collaborate with Hong Kong Customs to design tools capable of mapping and monitoring the movement of digital assets across blockchain networks. The tool aims to help law enforcement identify suspicious patterns tied to money laundering and […] - [Circle expands USDC to Ripple’s XRP Ledger](https://cryptocredex.com/circle-expands-usdc-to-ripples-xrp-ledger/): Circle, a US-based publicly traded crypto firm, has expanded the reach of its USD Coin (USDC) stablecoin to the XRP Ledger (XRPL), adding another blockchain to its growing ecosystem, according to a June 12 statement. On-chain data shows that around $2 million worth of the asset had been minted on the network as of press time. This expansion follows Circle’s recent integration of USDC into World Chain through its upgraded Cross-Chain Transfer Protocol (CCTP V2). With this release, USDC now operates natively across 22 blockchains. USDC on XRPL According to Circle, USDC’s presence on the XRPL mainnet gives developers, businesses, […] - [Tether amplifies gold strategy with around $90 million stake in Elemental Altus](https://cryptocredex.com/tether-amplifies-gold-strategy-with-around-90-million-stake-in-elemental-altus/): Tether has taken a new step in its long-term strategy of diversifying outside its primary stablecoin issuance business. On June 12, the USDT stablecoin issuer disclosed that it acquired an equity stake in Elemental Altus Royalties, a firm specializing in gold royalties. According to the firm, on June 10, it secured 78.4 million common shares from La Mancha Investments. This stake accounts for roughly 31.9% of Elemental Altus’ outstanding shares. Though Tether did not specify the purchase price, the stake is valued at nearly $90 million, based on Elemental’s recent share price of 1.5 Canadian dollars ($1.15), according to Google […] - [70% of $1B Plasma deposits held by top 100 wallets, showing concentrated interest in XPL sale](https://cryptocredex.com/70-of-1b-plasma-deposits-held-by-top-100-wallets-showing-concentrated-interest-in-xpl-sale/): Investor demand for Plasma’s upcoming XPL token continues to soar, with the stablecoin infrastructure platform now securing $1 billion in deposits to support the planned sale. Plasma confirmed that its revised $1 billion deposit cap was reached in under 30 minutes on June 12, doubling its initial $500 million target. The firm stated that 2,900 wallets participated in the round, and the median deposit was $12,000. Additional data from the analytical platform Sealaunch showed that the top 100 addresses represent 70% of the deposits, with 58% in USDC and 40% in USDT. Meanwhile, blockchain intelligence firm Arkham Intelligence data reports […] - [Just 216 Bitcoin holders own over 6 million BTC as market concentration grows](https://cryptocredex.com/just-216-bitcoin-holders-own-over-6-million-btc-as-market-concentration-grows/): A growing share of Bitcoin’s circulating supply is now concentrated in the hands of major institutional players and centralized entities, a new report by Gemini and Glassnode reveals. According to the findings, over 30% of Bitcoin’s supply is now controlled by just 216 centralized holders across six key categories, including crypto exchanges, ETFs and funds, publicly traded companies, privately held firms, DeFi protocols, and government bodies. 216 entities hold over 6 million Bitcoin These entities collectively hold about 6.1 million BTC, valued at roughly $668 billion. This figure represents an almost tenfold increase in institutional Bitcoin ownership over the past […] - [Ethereum leads $336M liquidation wave with heavy long losses](https://cryptocredex.com/ethereum-leads-336m-liquidation-wave-with-heavy-long-losses/): In the 24 hours between June 11 and 12, the crypto market saw $336.84 in liquidations, with over 114,000 traders rekt as leveraged positions were flushed out across most exchanges. Nearly 74% of total liquidations came from longs following a sharp intraday correction, most likely driven by a retracement in ETH, which alone accounted for over $113 in forced exits. Ethereum’s dominance in the liquidation charts stands out, nearly doubling Bitcoin’s $58.54 million. This pattern often emerges when ETH outperforms during rallies and then sharply corrects, catching overexposed long traders off guard. The ETH-led cascade extended across other majors, including […] - [XRP ETF approval odds slide 10% ahead of critical SEC and ETF deadlines next week](https://cryptocredex.com/xrp-etf-approval-odds-slide-10-ahead-of-critical-sec-and-etf-deadlines-next-week/): Approaching deadlines for spot XRP ETF applications from major asset managers, including Grayscale, Franklin Templeton, and Bitwise, are fueling speculation over potential SEC approval, especially in light of Ripple’s proposed legal settlement with the regulator, which still awaits final court approval. On the prediction platform Polymarket, odds for an approval by 2025 surged to as high as 98% in early June, though over the past week, odds have dropped to 88%. The prospect still faces regulatory hurdles, but the proposed resolution of the SEC lawsuit against Ripple has removed one of the biggest legal overhangs, pending judicial sign-off. XRP ETF […] - [Solana hitting 1M TPS, memecoin rug pull seizures to put SOL on US digital asset stockpile radar](https://cryptocredex.com/solana-hitting-1m-tps-memecoin-rug-pull-seizures-to-put-sol-on-us-digital-asset-stockpile-radar/): While Solana is up just 5% over the past year, global sentiment around the altcoin is bullish due to its potential technical capabilities to outperform its main rivals in performance. Solana’s Firedancer validator client, expected to leave testnet in 2025, is demonstrating transaction-per-second capabilities exceeding one million in test environments, a development aimed at solving core blockchain scalability challenges. This leap in performance, designed to enhance network stability, is occurring as Solana gains attention from both government and corporate sectors. The asset’s potential inclusion in a US digital asset stockpile and a trend of public companies converting treasury reserves to […] - [Innovative Startups Showcase Cutting-Edge Solutions at VCC & CoinFerenceX Demo Day in Dubai During Token2049](https://cryptocredex.com/innovative-startups-showcase-cutting-edge-solutions-at-vcc-coinferencex-demo-day-in-dubai-during-token2049/): Dubai, UAE – [April 28th] – In a remarkable showcase of innovation and entrepreneurship, a select group of groundbreaking startups presented their cutting-edge projects at a highly anticipated Demo Day held in Dubai during Token2049. The event, which took place on April 28th at 11:30 AM local time, brought together a distinguished jury team of investors, mentors, and industry experts eager to discover the next wave of technological advancements. The Demo Day featured an impressive lineup of startups that are redefining their respective industries. Among the confirmed pitch projects were: DigiKa, SQM Game, Mobile Wallet App, PBX Earth, Chedda Finance, […] - [Bitwise CIO calls Bitcoin ‘best horse in the race’ to explain accelerated corporate buys](https://cryptocredex.com/bitwise-cio-calls-bitcoin-best-horse-in-the-race-to-explain-accelerated-corporate-buys/): Bitwise CIO Matt Hougan said the “megatrend” of public companies adding Bitcoin (BTC) to treasury reserves will continue accelerating as the movement is still in its early stages. Hougan made the statement during a June 10 interview on CNBC, where he highlighted that 79 listed firms now hold roughly $57 billion worth of Bitcoin as of March-end. Drivers and limits of adoption Corporations have historically placed surplus cash in short-term Treasuries or bank deposits to store value. However, Hougan argued that unprecedented deficits and money creation now push finance chiefs to seek an alternative store of value.  He said: “They [corporations] […] - [GameStop’s plan to raise another $1.75B fuels speculation of further Bitcoin acquisitions](https://cryptocredex.com/gamestops-plan-to-raise-another-1-75b-fuels-speculation-of-further-bitcoin-acquisitions/): GameStop Corp. plans to raise $1.75 billion through a private offering of convertible senior notes due 2032, as the company explores digital asset investments, including potential Bitcoin acquisitions, under its updated investment strategy, according to a June 11 press release. The zero-coupon notes will be offered to qualified institutional buyers under Rule 144A of the Securities Act, with an option for initial purchasers to buy an additional $250 million within 13 days of issuance. The unsecured notes will not bear interest, will not accrete, and will mature on June 15, 2032, unless converted, redeemed, or repurchased earlier. GameStop said it […] - [Bank of America eyes dollar-pegged stablecoin amid Senate fast-tracking GENIUS Act](https://cryptocredex.com/bank-of-america-eyes-dollar-pegged-stablecoin-amid-senate-fast-tracking-genius-act/): Bank of America CEO Brian Moynihan confirmed the lender plans to issue a dollar-pegged stablecoin and is working on an internal build conducted alongside other industry participants, Reuters reported on June 11. However, Moynihan added that any progress in a potential launch would be contingent on forthcoming federal rules. He also told investors the bank “has to be ready” even though demand remains uncertain.  He added that US lawmakers are discussing legislation that “will allow us to figure out whether there’s really a business proposition,” referring to a bill that would create uniform requirements for reserve quality, redemptions, and disclosures.  […] - [Bitcoin dips as Trump finalizes tariff deals with China](https://cryptocredex.com/bitcoin-dips-as-trump-finalizes-tariff-deals-with-china/): Bitcoin (BTC) and the wider market experienced a minor pullback after President Donald Trump announced the finalization of a new tariff arrangement with China, pending a formal sign-off by him and President Xi Jinping. Trump announced on Truth Social that the accord grants the US “55% tariffs” on Chinese goods, versus 10% levied on US exports, and secures Chinese supplies of rare-earth magnets.  He also said Washington would preserve access for Chinese students at American universities and that the “relationship is excellent.” The total market value of crypto assets fell 2%, while the S&P 500 declined 0.7%. Bitcoin fell to a […] - [Senate’s 68-30 cloture vote speeds GENIUS Act toward simple majority passage](https://cryptocredex.com/senates-68-30-cloture-vote-speeds-genius-act-toward-simple-majority-passage/): The Senate voted 68-30 on June 11 to invoke cloture on the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act, ending the filibuster option and moving the bill toward a final floor vote that will require a simple majority. Majority Leader John Thune, who controls the chamber’s schedule, started the 30-hour post-cloture clock immediately after the tally.  Hagerty amendment eases partisan objections Lawmakers can now debate a substitute amendment negotiated by Senator Bill Hagerty before voting to adopt that language and then the entire measure. This sequence can conclude on either June 16 or June 17, according to […] - [World Chain and Circle join forces to strengthen identity-driven finance with native USDC](https://cryptocredex.com/world-chain-and-circle-join-forces-to-strengthen-identity-driven-finance-with-native-usdc/): World Chain has integrated native USD Coin (USDC) and Circle’s Cross-Chain Transfer Protocol V2 (CCTP V2), marking a significant partnership between the biometric identity blockchain and one of the largest regulated stablecoin issuers in the world. The upgrade replaces bridged USDC with native issuance on World Chain, while retaining the same smart contract address, allowing existing users and developers to continue without changes. The move is intended to improve liquidity, reduce risks associated with synthetic bridging, and provide access to Circle’s full on- and off-ramp infrastructure. Circle’s CCTP V2, launched alongside the integration, allows users to send USDC across supported […] - [Interactive Strength to launch AI-driven crypto treasury with $500 million Fetch.ai token acquisition](https://cryptocredex.com/interactive-strength-to-launch-ai-driven-crypto-treasury-with-500-million-fetch-ai-token-acquisition/): Interactive Strength (TRNR), a Nasdaq-listed fitness technology firm, is entering the digital asset space by launching what it describes as the first artificial intelligence-driven crypto treasury. The company plans to acquire $500 million worth of Fetch.ai’s FET tokens, according to a June 11 announcement. TRNR has started building its token position, backed by an initial $55 million investment from ATW Partners and crypto market maker DWF Labs. Fetch.ai CEO Humayun Sheikh said the company is executing these tokens’ purchases on the open market and not through an over-the-counter (OTC) deal. He also clarified that the Fetch.ai Foundation has no role […] - [Ethereum open interest hits all-time high as price rises to 4-month high](https://cryptocredex.com/ethereum-open-interest-hits-all-time-high-as-price-rises-to-4-month-high/): Ethereum has surged more than 5% in the past 24 hours, climbing above $2,860 to reach its highest price since February. The rally comes amid rising activity in the derivatives market, signaling strong market conviction behind the move. On-chain data suggests that rising futures interest is driving much of the market’s current enthusiasm. Open interest, which tracks the total number of active futures contracts, now sits at an all-time high. A growing open interest often signals rising confidence in future price moves. Data from CryptoQuant shows that most of the current trading activity is concentrated on futures platforms. According to […] - [Polygon’s governance revamp to focus on stablecoin payments and AggLayer](https://cryptocredex.com/polygons-governance-revamp-to-focus-on-stablecoin-payments-and-agglayer/): Polygon’s governance is undergoing a significant transformation, with co-founder Sandeep Nailwal stepping in as the Foundation’s first CEO. In a June 11 post on X, Nailwal said: “As the largest holder of POL and someone who dedicated his life to development and success of Polygon from the very beginning, I have decided to take full control of Polygon Foundation and will be its CEO going forward.” Nailwal said he had intentionally avoided taking on the CEO title to allow the Foundation to evolve with an institutional approach. However, he believes Polygon requires stronger leadership to navigate today’s fast-moving crypto landscape. […] - [XRP derivatives traders boost leverage as funding costs jump](https://cryptocredex.com/xrp-derivatives-traders-boost-leverage-as-funding-costs-jump/): A slow but clear divergence is emerging in XRP’s derivatives market: open interest has eased modestly over the past month, but the amount of leverage employed by traders is steadily rising. With spot demand softening and funding rates climbing to near their monthly highs, XRP appears to be entering a phase of elevated positioning risk, even as its price action remains relatively stable. As of June 10, open interest across all exchanges totaled $1.67 billion, down about $39 million from May 11. This 2.3% decline is moderate, but more importantly, it follows a spike of $2.10 billion reached on May […] - [Ukraine opens door to Bitcoin reserves as experts warn of key risks](https://cryptocredex.com/ukraine-opens-door-to-bitcoin-reserves-as-experts-warn-of-key-risks/): Ukraine is taking a significant step toward adding Bitcoin to its national reserves. On June 10, the Ukrainian parliament received a draft bill proposing an amendment to the National Bank of Ukraine’s (NBU) asset reserve policy. This change would allow the central bank to add cryptocurrencies alongside gold and foreign currencies to its reserves. Ukrainian parliament member Yaroslav Zhelezniak confirmed the move and stressed that effective crypto reserve management could enhance Ukraine’s macroeconomic stability and foster growth in its digital economy. Meanwhile, he pointed out that lawmakers will not prescribe exact reserve management tactics. Instead, the bill empowers the central […] - [Bitcoin jumps near $110k after US inflation data shows signs of cooling](https://cryptocredex.com/bitcoin-jumps-near-110k-after-us-inflation-data-shows-signs-of-cooling/): Bitcoin’s price increased 0.5% to $109,600 on Wednesday after United States inflation data for May came in below market expectations. The asset’s move comes after a period of sustained strength, where it has held a range between $109,000 and $110,000 over the last three days. US CPI data (Source: Trading Economics) The latest Consumer Price Index report showed year-over-year inflation of 2.4%, up from 2.3%, and core inflation of 2.8%, both figures below consensus forecasts. The monthly core reading, which strips out food and energy, rose by just 0.1%, matching its slowest pace of the year and suggesting underlying price […] - [Ripple brings Ondo Finance’s tokenized US Treasuries to XRP Ledger in push for RWA expansion](https://cryptocredex.com/ripple-brings-ondo-finances-tokenized-us-treasuries-to-xrp-ledger-in-push-for-rwa-expansion/): Ripple has brought Ondo Finance’s tokenized US Treasuries product, Ondo Short-Term US Government Treasuries (OUSG), to the XRP Ledger. The launch was announced on June 11 and is seen as a move to expand the reach of institutional-grade tokenized assets across the fast-rising blockchain network. According to the statement, the integration allows institutional investors to mint and redeem OUSG on XRPL using RLUSD, Ripple’s new stablecoin. This offers an alternative to traditional finance rails by enabling seamless access to tokenized Treasury exposure around the clock. 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