Cryptocurrency

1884 items in section

Adam Back Defends Strategy’s Bitcoin Sale as Treasury Management

The sale of 32 Bitcoin by Strategy to cover preferred stock dividends is a sign of financial flexibility, not a retreat from the company’s core investment thesis. Blockstream CEO Adam Back dismissed market concerns, arguing that the move demonstrates how companies can effectively integrate digital assets into corporate treasury operations.

Hester Peirce to Depart SEC, Leaving Crypto Policy Vacuum

After nearly three decades in Washington and a tenure defined by her advocacy for digital asset clarity, SEC Commissioner Hester Peirce announced she will step down this November. Known widely as "Crypto Mom," she intends to join the faculty at Regent University School of Law to teach securities regulation.

Suspected insider trading fuels scrutiny of Polymarket World Cup bets

Three crypto wallets pulled $24.25 million in profits from World Cup wagers on Polymarket, sparking allegations of insider activity. On-chain data firm Lookonchain linked the accounts to a single Binance deposit address, raising alarms about the fairness of prediction markets when high-stakes traders appear to possess non-public information.

Pudgy Penguins expands physical retail presence with Target card launch

Target stores across the United States have begun stocking Vibes Series 3 trading cards, marking a significant retail milestone for the NFT-born brand. The rollout places Pudgy Penguins characters directly in front of mainstream consumers, moving the intellectual property further away from its origins in digital-only marketplaces.

Texas brothers plead guilty to $8 million crypto kidnapping

Holding a Minnesota family at gunpoint for eight hours, two Texas brothers successfully coerced a digital fortune from their captives. Isiah and Raymond Garcia admitted to the armed robbery on June 18, ending a federal case that saw them terrorize a household to drain over $8 million in cryptocurrency.

Pump.fun’s bounty platform sparks backlash over extreme user tasks

A man tattooing a website on his forehead for $15,000 is among the extreme tasks fueling a wave of criticism against Pump.fun’s new GO feature. The Solana-based platform, which encourages users to pay others for stunts, now faces intense scrutiny over whether its crypto rewards exploit vulnerable participants.

Japanese Pension Fund to Hedge Currency Risk with Crypto Allocation

The National Business Corporate Pension Fund, which manages approximately $136 million for 1,200 small and medium-sized businesses in Okayama City, intends to integrate digital assets into its portfolio by fiscal 2026. This move marks a departure from traditional retirement investment strategies, positioning crypto as a tool for currency diversification.

JaredFromSubway MEV bot drained in $7.5 million approval trap

A sophisticated exploit has drained the high-profile Ethereum sandwich bot JaredFromSubway of millions, exposing a critical vulnerability in its automated trading logic. By baiting the bot into interacting with deceptive liquidity pools, attackers secured excessive token approvals that allowed them to sweep WETH, USDC, and USDT from the wallet.

Attorney Fights $238 Billion Bitcoin Asset Grab in New York Court

Attorney Ian R. Cohen has launched a sharp rebuttal against efforts to revive a lawsuit targeting 39,069 Bitcoin wallets. The plaintiffs, operating under pseudonyms, contend that these dormant assets—including those potentially linked to Satoshi Nakamoto—constitute abandoned property that should be transferred through a court-ordered judgment.

Bio Protocol debuts OpenLabs to bypass traditional research grants

Bio Protocol has unveiled OpenLabs, a decentralized platform merging AI-assisted research with community-led funding. Introduced at DeSci.Berlin 2026, the initiative aims to dismantle traditional grant gatekeeping by leveraging BIO token holders and autonomous agents to steer scientific development, following a successful $33 million capital raise via its BIO Genesis program.

Michael Saylor Defends Bitcoin-Backed Strategy Amid STRC Price Slump

As the STRC preferred stock price cratered well below its $100 par value, Michael Saylor moved to silence mounting fraud allegations. The Strategy co-founder is facing a volatile mix of market skepticism and calls from analysts to liquidate billions in Bitcoin holdings to stabilize the firm’s capital structure.

Software bugs emerge following latest XRP Ledger update

A mere 26% of nodes have migrated to the new xrpld 3.2.0 software, yet the rollout has already triggered a cascade of bug reports. Developers are scrambling to address synchronization failures and configuration errors that surfaced immediately after the update was deployed to the network on June 15.

CME faces backlash over legal challenge to crypto futures

Jake Chervinsky, head of the Hyperliquid Policy Center, has slammed CME Group for suing the CFTC over the approval of crypto perpetual futures. He characterizes the legal maneuver as a desperate attempt by a dominant incumbent to stifle new competition and protect its 92% share of the U.S. derivatives market.

Changpeng Zhao Proposes Freezing Satoshi’s Bitcoin Against Quantum Risks

Changpeng Zhao has suggested a controversial mechanism to protect the Bitcoin network from future quantum-computing threats: freezing up to 1 million BTC associated with Satoshi Nakamoto. The proposal would mandate a migration to quantum-resistant cryptography, rendering inactive legacy addresses unusable if their owners fail to move the funds within a set window.

Philippine SEC backs tokenization as sandbox trials advance

Four companies are currently testing tokenized financial products within the Philippine Securities and Exchange Commission’s regulatory sandbox, signaling a shift toward integrating digital assets into the nation's capital markets. Commissioner Rogelio Quevedo confirmed that existing legal frameworks are sufficient to oversee these emerging investment vehicles.

Texas brothers plead guilty in $8M crypto kidnapping

Held at gunpoint for nine hours, a Minnesota family was forced to surrender $8 million in digital assets last September. On Thursday, brothers Isiah Angelo Garcia and Raymond Christian Garcia entered guilty pleas in federal court, marking a decisive turn in a case that highlights the surge in physical violence targeting crypto holders.

Andre Cronje Exits Sonic Labs Board Amid Token Price Slide

A sharp decline in the S token’s market value has triggered a sweeping management overhaul at Sonic Labs, with former CTO Andre Cronje, Michael Kong, and David Richardson stepping down from the board to make way for a new leadership team and a revised governance structure.

Grant Cardone Adds $18M in Bitcoin Amid Market Dip

Grant Cardone is betting big on a downturn, with his real estate firm, Cardone Capital, scooping up 282 Bitcoin for approximately $18 million. The move comes as the cryptocurrency struggles to maintain its footing near the $63,000 mark, pressured by escalating geopolitical friction between Israel and Lebanon.

EU Tightens Crypto Oversight with New Privacy Coin Restrictions

Starting July 2027, the European Union will prohibit regulated crypto firms from supporting privacy-enhancing coins, a move aimed at curbing money laundering risks across the bloc. While the new rules clamp down on service providers, peer-to-peer Bitcoin transfers between private wallets will remain largely outside these mandatory identity verification requirements.

Zcash enters the spotlight as European privacy rules stir market debate

A fresh wave of concern regarding European Union anti-money laundering regulations has pushed privacy-focused cryptocurrency Zcash to the forefront of investor discourse. While fears of a total crackdown on Bitcoin anonymity ripple through the market, analysts are weighing whether ZEC can capitalize on the shifting regulatory landscape.

Analyst warns Strategy’s STRC structure mirrors Terra-Luna risks

Analyst Ali Martinez has flagged a potential feedback loop in Strategy’s STRC financing, drawing parallels to the 2022 Terra-Luna collapse. As the security struggles to maintain its $100 par value, concerns mount that a prolonged Bitcoin downturn could force the company into a cycle of rising financial obligations.

GoMining Unveils Bitcoin Payment Stack to Bypass Fiat Gateways

Merchants often pay between 1.5% and 3.5% in processing fees for traditional card transactions, a margin GoMining aims to disrupt with its new GoBTC Pay infrastructure. By settling transactions directly on the Bitcoin network at a 0.2% fee, the company seeks to reposition miners as primary payment settlement providers.

Axelar suspends Secret Network bridge following $4.7 million exploit

Security teams at Axelar have severed bridge connections to the Secret Network after a smart contract vulnerability led to the theft of approximately $4.7 million in assets. The breach, which specifically targeted the Cosmos Inter-Blockchain Communication (IBC) interface, forced an immediate emergency shutdown of affected routes to prevent further drainage.

Amazon Drops Altman Biopic Amid OpenAI IPO Build-up

Amazon has quietly exited its role as distributor for the Sam Altman biopic Artificial, a move surfacing just as OpenAI accelerates its preparations for a public market debut. The decision severs the film’s ties to a major studio even as Amazon deepens its multi-billion-dollar commercial partnership with the AI developer.

Charles Schwab Expands Into Prediction Markets With Cboe Partnership

Charles Schwab is moving into the high-stakes world of prediction-style trading, partnering with Cboe Global Markets to launch all-or-nothing options contracts tied to S&P 500 performance. This strategic pivot signals a broader institutional push to capture the growing demand for event-driven financial products.

SpaceX IPO Mints New Billionaires as Musk Surpasses Trillion-Dollar Mark

The blockbuster public debut of SpaceX has catapulted Elon Musk’s personal fortune above $1 trillion, marking a historic shift in corporate wealth. Beyond the founder, the listing triggered a massive windfall for early institutional backers and long-serving employees, solidifying the aerospace firm as one of the most significant wealth-creation events in history.

Senate Knowledge Gap Stalls CLARITY Act Progress

Senate Agriculture Committee Chairman John Boozman says a persistent lack of familiarity with the CLARITY Act among lawmakers is delaying a floor vote. While congressional offices scramble to resolve outstanding regulatory provisions before the upcoming recess, the path forward remains clouded by legislative uncertainty and lingering skepticism.

Ki Young Ju: Why Bitcoin’s biggest threat is market boredom

Bitcoin’s most dangerous enemy is not a sudden price collapse, but a prolonged period of stagnant trading. According to CryptoQuant CEO Ki Young Ju, Michael Saylor’s aggressive accumulation strategy fails to address the market's deeper crisis: a lack of fresh narratives to sustain investor conviction during sideways movement.

The CLARITY Act: Mapping the Path for U.S. Crypto Regulation

For over a decade, the U.S. crypto industry has operated in a legal shadow, caught between the SEC and the CFTC. The CLARITY Act, currently awaiting a Senate floor vote, aims to end this era of regulation by enforcement by establishing a formal, statutory framework for digital assets.

Base Preps Beryl Upgrade to Streamline Token Issuance and Withdrawals

Base has pushed its Beryl upgrade to the Sepolia testnet, with a mainnet rollout slated for June 25. The update introduces a native B20 token standard and trims the standard withdrawal window to Ethereum, marking a significant shift in the network's underlying infrastructure and operational efficiency.