A serving South Korean police officer has been charged with fraud and embezzlement as part of an investigation into a suspected 700 million won ($509,200) crypto fraud scheme. Newsis reported on June 11 that Incheon Metropolitan Police Agency’s Anti-Corruption and Economic Crime Investigation Unit sent the case, involving an unnamed senior superintendent from the Incheon…
GameStop Corp. plans to raise $1.75 billion through a private offering of convertible senior notes due 2032, as the company explores digital asset investments, including potential Bitcoin acquisitions, under its updated investment strategy, according to a June 11 press release. The zero-coupon notes will be offered to qualified institutional buyers under Rule 144A of the…
The U.S. Senate has taken a major step toward federal regulation of stablecoins on Wednesday, voting 68-30 to invoke cloture on a substitute amendment to the GENIUS Act. The move clears the way for a final vote on the legislation as early as Monday, unless Senate leaders agree to speed up the debate process. Senate…
Brian Quintenz, U.S. President Donald Trump’s pick to lead the Commodity Futures Trading Commission, doubled down on his crypto-friendly stance as he testified before the United States Senate Committee on Agriculture, Nutrition, and Forestry on Tuesday during his nomination hearing. Blockchain Technology Is the Future, Brian Quintenz Says Fielding questions from prominent senators, including Chair…
The multichain community-driven memecoin Floki Inu ($FLOKI) has maintained a quiet presence in today’s market, registering just a 1% daily increase while double-digit rallies have swept across the broader cryptocurrency market. Following its January peak of $0.00020688, $FLOKI experienced a steep 60% decline, reaching a four-month low of $0.00004545. Currently, Floki trades at $0.000092297, marking…
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…
The Pi Coin price (PI) may be on the ropes short term, but its community is gearing up for a potentially explosive turnaround ahead of Pi2 Day on June 28. While the token has slipped to $0.6414 today — down 59% in a month and 78.5% from February’s all-time high of $2.99 — hopes are…
With a 40% gain on the week, SPX has entered the meme coin top 5, flipping BONK as its breakout continues to beat out bullish SPX6900 price forecasts. While most of the placing meme coins have seen only modest bounces after the mid-April market bottom, SPX has nearly reclaimed its January highs in a steady…
Pepe (PEPE) has pulled ahead in the meme coin race, securing a 5-day winning streak before cooling slightly today. While its price dipped 1% in the past 24 hours, trading volumes surged 18%, indicating that trader interest remains strong despite the pause. PEPE now boasts a $5.4 billion market cap—more than double that of Official…
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…