Computer servers in a data center. getty Damac Group—controlled by Dubai billionaire Hussain Sajwani—is deepening its investment in Indonesia with a $2.3 billion data center project, its second in the country, amid booming demand for cloud computing and artificial intelligence applications. Through its unit Edgnex Data Centers, Damac will develop a 144-megawatt data center in … Read more
The Blockchain Group (Euronext Paris: ALTBG) announced the acquisition of 182 bitcoin for approximately $19.65 million (€17 million), bringing its total holdings to 1,653 BTC valued at around $171.36 million (€148.9 million). The company reported a remarkable BTC yield of 1,173.2% year-to-date (YTD) and a gain of approximately 469.3 BTC, or about €43.8 million YTD. … Read more
Aave and CoinDesk Indices are launching CDOR, an onchain benchmark for stablecoin interest rates, starting with USDT and USDC. Built on Aave V3 data, CDOR could redefine DeFi, mirroring SOFR in TradFi. The United States is keen on ensuring stablecoins backed by Treasuries thrive. With the passage of the GENIUS Act in the Senate, Congress … Read more
Ondo Finance is bringing together key players in crypto to create a shared framework for tokenized securities, aiming to make real-world assets more accessible and interoperable across platforms. On June 17, Ondo Finance (ONDO) announced the formation of the Global Markets Alliance, a new coalition that includes the Solana (SOL) Foundation, Fireblocks, BitGo, Trust Wallet, … Read more
Chinese e-commerce giant JD.com is stepping into the stablecoin arena, with founder Liu Qiangdong revealing plans for a global licensing push aimed at cross-border payments. The announcement, made during a media briefing in Beijing on Tuesday, came as the US Senate passed the Guiding and Establishing National Innovation for US Stablecoins, or GENIUS Act, a … Read more
The post U.S. Senate Passes GENIUS Act in 51-23 Vote appeared first on Coinpedia Fintech News The U.S. Senate passed the GENIUS Act on June 17 with a 51-23 vote, making it the first major crypto legislation to clear the chamber. The bill represents a significant step toward establishing clearer rules for the digital asset … Read more
TLDR: VeChain to launch Stargate upgrade with higher staking rewards and validator tiers. UFC’s Dana White joins VeChain as advisor, signaling stronger mainstream brand growth. Mugshot app hits 1M users as VeChain integrates NFT staking and cross-chain support. VET eyes $0.12 recovery as ecosystem expansion meets technical breakout potential. VeChain (VET) is positioning itself for … Read more
Iran-based cryptocurrency exchange Nobitex appears to have been exploited for over $73 million of digital assets, according to onchain investigator ZachXBT. The attack, disclosed in a June 18 Telegram post, allegedly drained at least $73 million in assets across the Tron network and Ethereum Virtual Machine (EVM)-compatible blockchains, though only a portion is confirmed lost. … Read more
On Friday, June 13, 2025, US stocks took a massive hit following escalating tensions in the Middle East. As Iran and Israel lobbed missiles at each other, it caused the Dow to fall 1.3% or over 500 points. Meanwhile, the S&P 500 fell 0.4%, while the Nasdaq Composite dipped 0.6%. These escalating tensions have also … Read more
Circle’s stock (NYSE: CRCL) reached an all-time high of $165.60 on June 16 before closing at just above $151, marking a more than 500% increase since its Nasdaq debut. Arthur Hayes, founder of Bitmex, cautions that Circle’s remarkable performance may be difficult to replicate. Growing Investor Interest in Stablecoins On June 16, stablecoin issuer Circle’s … Read more