Key Points: JPMorgan’s Dimon suggests prioritizing defense over Bitcoin. Focus on military assets vs. digital reserves. Comments resonate amid geopolitical tensions. Jamie Dimon, CEO of JPMorgan Chase, urged the U.S. to prioritize military resources over Bitcoin at the Reagan National Economic Forum in California. The comments highlight Dimon’s skepticism towards cryptocurrency and align with his … Read more
Robinhood has finalized its strategic $200 million acquisition of Bitstamp, the world’s longest-running cryptocurrency exchange, marking a significant expansion into global institutional markets. This acquisition grants Robinhood access to over 50 active licenses across critical jurisdictions, enhancing its ability to serve both retail and institutional clients worldwide. According to Johann Kerbrat, General Manager of Robinhood … Read more
ConSensys has acquired the crypto wallet infrastructure provider Web3Auth, which it says will bolster the user experience for its popular crypto wallet offering MetaMask. ConSensys said in a June 2 blog post that the acquisition, which it did not share further details on, “will greatly improve MetaMask user experience by addressing one of the biggest … Read more
Cryptocurrency exchange MEXC reported a significant 200% increase in coordinated fraudulent trading activity in the first quarter of 2025. Most fraudulent activity is concentrated in Asia, with India accounting for nearly 27,000 or 33% of flagged accounts. Fraudulent Activity Concentrated in Asia Cryptocurrency exchange MEXC reported a sharp, 200% increase in coordinated fraudulent trading activity … Read more
Key Points: The Solana Foundation and Dubai VARA sign an MoU for crypto development support. Focuses on talent, economic data, and fostering Dubai’s Solana Economic Zone. Market and developer sentiment remains positive with potential long-term benefits. The Solana Foundation and Dubai’s Virtual Asset Regulatory Authority (VARA) announced a Memorandum of Understanding on June 3, 2025. … Read more
Coinbase was reportedly told in January that its customer data could have been leaked by an employee of an outsourcing company, months before it publicly disclosed the incident last month. Part of the breach, which Coinbase publicly disclosed in a May 14 regulatory filing, happened when an India-based employee of the outsourcing firm TaskUs was … Read more
Bitfinex and Tether have transferred $2.7 billion worth of Bitcoin to Twenty One Capital, signaling a significant move in institutional crypto treasury management. This transfer supports Twenty One Capital’s upcoming Nasdaq debut and highlights a growing trend of corporate Bitcoin accumulation through innovative financing strategies. According to Paolo Ardoino, CTO of Bitfinex and CEO of … Read more
The Norway-based crypto exchange Norwegian Block Exchange has seen its stock price jumped over 138% in a single day after it said it was starting to buy and hold Bitcoin. The company said on June 2 it purchased 6 Bitcoin (BTC), worth $633,700 at current prices, with plans to expand its holdings to 10 BTC … Read more
ANAHEIM, CALIFORNIA – MAY 27: Paul Goldschmidt #48 of the New York Yankees looks on in the dugout … More during the game against the Los Angeles Angels at Angel Stadium of Anaheim on May 27, 2025 in Anaheim, California. (Photo by Ric Tapia/Getty Images) Getty Images Aaron Judge might get most of the headlines … Read more
A stablecoin-regulating bill will soon be on the US Senate floor for debate, and crypto lobbying groups have called on lawmakers to focus on passing the bill, as some senators have flagged possible amendments. The Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act could pass the Senate as soon as this week. It … Read more