The Russian Central Bank has unveiled plans to allow domestic corporations to buy foreign stablecoins, but looks set to bar them from buying USDT and USD Coin (USDC). Per an official Central Bank notice and a report from the Russian media outlet RBC, the bank has put its proposal up for public discussion. It will…
A suspect allegedly behind recent high-profile crypto kidnappings in France has been arrested in Morocco, according to Maghreb Arab Press, a government-run press agency. At the request of French authorities, a joint operation of Morocco’s National Judicial Police Brigade (BNPJ) and the General Directorate of Territorial Surveillance (DGST) took the 24-year-old French-Moroccan suspect into custody,…
Interconnections between centralized and decentralized crypto lending are heightening systemic risk, Galaxy Digital’s research arm said in a June 4 report on first-quarter borrowing data. The report estimated that as of March 31, over $39 billion in crypto-collateralized debt was outstanding across decentralized lending apps, centralized lenders, and crypto-backed stablecoin issuers. DeFi protocols accounted for…
Key Takeaways: A U.S. congressional mention of Skibidi Toilet Coin ($SKBDI) triggered a rapid price surge./span> Congressman Brad Sherman, while discussing a bill on digital asset purchases, referenced Skibidi Toilet alongside Bitcoin, Ethereum, Trump Coin, and Mongoose Coin. Skibidi Toilet Coin is based on a viral YouTube series with over 65 billion views. Solana-based meme…
Circle made its public market debut Wednesday on the New York Stock Exchange (NYSE) under the ticker “CRCL,” pricing its shares at $31 — above the expected $24 to $26 range. The company sold around 34 million shares in the offering, for a valuation of $1.1 billion. Bloomberg pegs the total amount raised in the…
Ethereum Foundation has released a sweeping update to its treasury management strategy, signaling a more mature, structured approach to capital allocation amid ETH’s growing global influence and rising institutional scrutiny. The new framework, published on June 4, outlines how the foundation will manage reserves, deploy capital in DeFi protocols, and assess privacy standards, while maintaining…
The Donald Trump-affiliated World Liberty Financial announced in a June 4 statement that it airdropped $4 million worth of its new stablecoin, USD1, to holders of its native token, WLFI. Trump-Linked Crypto Platform Sends Out Stablecoins “Over $4,000,000 USD1 just airdropped,” an official X post published on Wednesday read. “Every eligible WLFI holder received $47…
Robinhood has officially completed its $200 million acquisition of Bitstamp, marking a bold step toward globalizing its crypto services and deepening its reach into institutional markets. The move positions Robinhood as a serious contender in the international crypto scene, expanding beyond its U.S. base and into the European Union, the UK, and Asia. Bitstamp’s Legacy…
Brazil’s Central Bank plans to treat transaction data from its central bank digital currency (CBDC) infrastructure, called Drex, as a direct input for setting the country’s interest rate benchmark. Central bank executive Henrique Videira said on June 4 at the Token Nation conference in São Paulo that every payment and asset transfer recorded on Drex’s…
Binance CEO Richard Teng is calling the United States Securities and Exchange Commission’s (SEC) dismissal of its lawsuit against the crypto exchange a “significant win” for the digital asset organization in a new interview with CNBC on Monday. Justin Sun Speaks on Case Dismissal Appearing on CNBC’s Squawk Box, Teng took time to celebrate the…