Russian law enforcers have started seizing Bitcoin (BTC) from illegal crypto miners, amid a widening crackdown. In a press release from the Investigative Department of the Investigative Committee (SKR) for the Amur Oblast, the SKR explained that it had confiscated Bitcoin worth around 7 million rubles ($88,570; BTC 0.8414) from an unnamed former electricity company…
Ethereum co-founder and Consensys CEO Joe Lubin believes ETH could ultimately become more valuable than Bitcoin (BTC), citing its utility and role in building a trust-based financial infrastructure. Lubin made the comments during an appearance on Rug Radio’s FOMO Hour podcast, where he also revealed that Consensys is in talks with sovereign wealth funds and…
Pump.fun plans to raise $1 billion through a token sale that would assign the Solana-based memecoin launchpad a $4 billion fully diluted token valuation, Blockworks reported on June 3, citing two people familiar with the matter. Sources said the offering will target both public and private buyers. However, they did not specify whether the new…
Binance Coin (BNB) has risen by 12.1% over the past month, holding strong at $666.65 despite the recent market pullback triggered by rising U.S.-China trade tensions. Launched as a faster and more cost-effective alternative to Ethereum, the BNB Chain aims to deliver a streamlined smart contract experience for developers and users alike. However, this project…
United States Securities and Exchange Commission (SEC) head Paul Atkins slammed the agency’s past regulation-by-enforcement approach to the digital asset industry, claiming that it “inhibited innovation” and invited “fraud” in a June 3 Senate testimony. Atkins Doubles Down On Crypto Approach Speaking before the United States Senate Appropriations Subcommittee on Financial Services and General Government,…
Ripple CEO Brad Garlinghouse said the company never tried to buy Circle, countering reports of a multibillion-dollar takeover bid. Georgetown Law professor Chris Brummer said Garlinghouse told him during an on-stage interview at a private event in Las Vegas on June 1 that Ripple “never pursued an acquisition of Circle” and the topic was not…
On the eve of a U.S. House of Representatives hearing to scrutinize a bill to establish rules for the crypto markets, Democrats said they’ve been stymied from seeking technical information about its effects from the U.S. Securities and Exchange Commission, according to staffers. Regulatory agencies such as the SEC routinely give technical analysis to lawmakers,…
Tether has announced a strategic investment in Orionx, a digital asset platform operating in Latin America, according to a June 3 statement. The investment aims to accelerate the use of stablecoin-powered financial services across the region, particularly in underserved and inflation-prone economies. According to the statement, Orionx currently serves users in Chile, Peru, Colombia, and…
Binance is leading all centralized crypto exchanges in stablecoin reserves. According to the latest stats, the crypto exchange currently holds $31 billion in USDT and USDC, which is around 59% of total stablecoin holdings across the sector. This dominance highlights Binance’s outsized role in providing liquidity and facilitating stablecoin-denominated transactions. Stablecoin Inflows Favor Binance When…
Pump.fun is planning to raise $1 billion in a token sale at a $4 billion fully diluted valuation (FDV), according to Blockworks, which added that it was unable to confirm timing nor whether the new token would be issued on pump.fun. The platform, which allows any and all to freely create their own tokens on…