Digital asset investment products attracted $224 million in inflows last week, pushing the 7-week total to $11 billion. Despite this, the pace of investments appears to be slowing, as investors grow cautious and await clearer guidance from the US Federal Reserve regarding inflation and the broader direction of monetary policy. According to the latest edition…
Kim Nam-guk, the South Korean lawmaker at the center of the nation’s “Coin Gate” scandal, is set to join the government of the newly elected South Korean President Lee Jae-myung. Lee won the election with a comfortable margin earlier this month. He has since begun assembling his cabinet after making a series of pro-business crypto…
Bitcoin (BTC) rebounded above $110,000 on June 9, regaining ground lost in last week’s selloff as investors rotated back into digital assets on the back of strong ETF inflows, easing macroeconomic tensions, and renewed optimism across risk markets. The world’s largest crypto reached an intraday high of $110,653 from a daily low of $105,426 earlier…
Key Takeaways: Paraguay’s President Santiago Peña had his official X account compromised, leading to the spread of a false announcement about Bitcoin. The language and content of the post raised immediate red flags among observers, prompting swift clarification from the Paraguayan government. On-chain analysis showed the attached wallet had minimal funds and no activity, suggesting…
United States Securities and Exchange Commission (SEC) Chair Paul Atkins says the agency is considering enacting a blockchain relief framework that could see key actors allowed to offer products and services “expeditiously.” Paul Atkins Criticizes Gensler-Era Policies, Posits Relief Framework Speaking at SEC headquarters for the Crypto Task Force’s final roundtable in its “Spring Sprint…
ProShares Trust and Bitwise each filed preliminary prospectuses with the Securities and Exchange Commission (SEC) on June 6 for exchange-traded funds (ETF) designed to track Circle’s CRCL shares. The ProShares Ultra CRCL ETF is a 2x leveraged product that seeks to deliver twice the daily move in CRCL by utilizing swaps and other derivatives, as…
Bitcoin’s BTC quiet climb on Monday accelerated to its strongest price in June, rebounding from last week’s decline to near all-time high levels. The largest crypto advanced by 3.7% over the past 24 hours, topping $110,000, and it’s changing hands by only 2% from its record prices observed in May. Ethereum’s ether ETH kept pace…
A new report by the ACCESS Blockchain Association of Malaysia predicts a sharp rise in legal mining activity, driven by infrastructure investment, expanding data center capacity, and increased institutional interest. Yet, electricity theft tied to illegal mining operations continues to erode grid stability and investor confidence. According to the report, the national utility provider Tenaga…
BiT Global, a crypto custody firm tied to entrepreneur Justin Sun, has voluntarily dismissed its lawsuit against Coinbase over the delisting of Wrapped Bitcoin (WBTC). The move ends a months-long legal dispute that spotlighted growing tensions between centralized exchanges and token custodians as control over key infrastructure becomes increasingly contested. Filed on June 6 in…
Aptos’ APT token rallied more than 4% on significant volume, with momentum indicators suggesting more potential upside, according to CoinDesk Research’s technical analysis model. The digital asset broke out of its consolidation phase between $4.65-$4.73, establishing strong support at $4.73 before pushing through previous resistance levels to establish a new local high, according to the…