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
COINOTAG News reported on June 3rd that Kyle Samani, co-founder of Multicoin Capital, provided insights regarding the Ethereum Foundation’s recent workforce reduction and strategic pivot. Samani emphasized that the term “focus” typically denotes a reduction in scope rather than expansion, particularly when organizational objectives should align seamlessly. He highlighted an apparent contradiction between the Ethereum … Read more
Singapore is mandating crypto service providers operating locally but serving overseas customers to get licensed or exit by June, with no grace period or phased rollout. Singapore Gives Crypto Firms Until June 2025 to Comply, Without Grace Period or Tiered Rollout The Monetary Authority of Singapore (MAS) finalized its position on May 30 regarding the … Read more
Key Points: Lazarus Group exploits crypto bridges for laundering funds. Ethereum transactions traced to hacker activities. ZachXBT’s findings expose cross-chain laundering strategies. Recognized on-chain detective ZachXBT revealed potential illicit activities by North Korean hacker groups laundering money through cross-chain bridges, impacting the crypto market. These findings highlight vulnerabilities in bridge infrastructure, prompting calls for stricter … Read more
USDT0, a popular stablecoin protocol, has introduced an exclusive gold-backed token on the well-known decentralized blockchain platform TON Network. As per USDT0, the exclusive gold-backed token $XAUt0 is now live on The Open Network (TON) while expecting broader expansion on the DeFi-focused blockchains. The platform took to its official X account to reveal this development. … Read more
This content is provided by a sponsor. PRESS RELEASE. Geneva, Switzerland, June 3, 2025 — TRON DAO, the community-governed DAO dedicated to accelerating the decentralization of the internet through blockchain technology and decentralized applications (dApps), participated in Bitcoin 2025, which took place May 27-29 in Las Vegas. TRON DAO kicked off the week as a … Read more
Cryptocurrency investment products maintained their multi-week inflow streak last week despite significant selling pressure stemming from Bitcoin’s drop to $103,000. Global crypto exchange-traded products (ETPs) recorded $286 million of inflows in the week ending May 30, bringing a seven-week run of inflows to $10.9 billion, CoinShares reported on June 2. Despite the inflows, total assets … Read more
The U.S. Securities and Exchange Commission is once again putting the brakes on new crypto ETF proposals. This time, it’s calling out two funds tied to Ethereum and Solana ETFs that were set to offer investors access to staking rewards. The products come from REX Shares and Osprey Funds, and while the ideas sound innovative … Read more
Russia’s biggest bank, Sberbank, just did something most people probably didn’t see coming. They launched a structured bond that links investor payouts directly to how well Bitcoin performs, along with the strength of the US dollar against the Russian ruble. It’s the kind of move that would have raised eyebrows a few years ago, but … Read more
On June 2, Strategy announced that it plans to offer an IPO of “10% Series A Perpetual Stride Preferred Stock” at $100 per share under the ticker STRD. It intends to use the net proceeds from the offering for “general corporate purposes, including the acquisition of Bitcoin and for working capital,” it stated. The firm … Read more