The move will lower collateral requirements to access leverage for crypto trading due to the relatively stable value of US government debt. Crypto derivatives exchange Deribit and spot exchange Crypto.com are accepting BlackRock's tokenized US Treasury fund as trading collateral for institutional and experienced clients. The move will allow institutional traders to use a low-volatility, yield-bearing digital instrument as collateral for their accounts, lowering the margin requirements for leveraged trading, according to Forbes. Coinbase, one of the world’s biggest exchanges by trading volume, announced a $2.9 billion deal to acquire Deribit in May 2025. Read more
Bitcoin sell pressure ramps up as traders anticipate today’s FOMC results. Could BTC price fall to $100,000? Key points: Bitcoin has held above $104,000, but sustained selling could sink the price to $100,000. Most major altcoins remain range-bound, but a few are threatening to break below the support levels. Read more
The initial purchase of more than 187 BTC was part of a larger strategy to “substantially increase its Bitcoin holdings,” according to Prenetics. The individual who helped “orange-pill” US President Donald Trump has become part of the advisory team for a healthcare company establishing a Bitcoin reserve strategy. In a Wednesday notice, Hong Kong and US-headquartered health services company Prenetics said it would follow the example set by Strategy and invest $20 million into Bitcoin (BTC). According to the company, it secured roughly 187 BTC at an average price of $106,712 per Bitcoin using a Kraken custody account. “Prenetics plans to substantially increase its Bitcoin holdings and aims to become one of the largest healthcare corporate Bitcoin holders globally,” the announcement said. Read more
Polygon co-founder Jordi Baylini continues to serve Polygon in an advisory capacity. Polygon co-founder Jordi Baylina has spun off a new zero-knowledge project called ZisK — an independent initiative aimed at supporting multiple programming languages and accelerating the adoption of decentralized technologies. ZisK is a fully open-source zero-knowledge virtual machine (zkEVM) stack initially developed at Polygon, the new company said in a Wednesday social media post. Baylina said his main focus will shift to developing ZisK, but he will continue to serve Polygon in an advisory role. The Baylina-led spinoff will house seven additional developers, described as the “core minds behind the Polygon zkEVM prover.” According to ZisK, the development team has worked together for at least three years. Read more
Co-founder and new CEO Sandeep Nailwal opens up about dissolving Polygon’s board, closing zkEVM and why claiming sole leadership is the network’s best shot at relevance. Polygon co-founder Sandeep Nailwal is charting a new course for the network, backing a singular leadership model as essential to its future. In an interview with Cointelegraph, Nailwal said the shift away from board-led governance isn’t just a structural change but a strategic response to inefficiencies that have slowed Polygon’s momentum. On June 11, he announced he would take over as CEO of the Polygon Foundation, describing the decision as necessary to bring “clear direction and focused execution” to the project’s next chapter. Read more
Blockchain has already played a role in protecting consumers against food fraud, but there are lessons to be learned before it starts to truly pay off. Food fraud siphons up to $50 billion from the global food industry every year and endangers public health. When deployed rigorously and realistically, blockchain could prevent this shadowy crime. The problem? It comes with a high price tag. Scalability, cost, interoperability and integration pose significant barriers. Not to mention the privacy concerns, regulatory uncertainty and long path to stakeholder adoption. But food fraud isn’t going anywhere. As David Carvalho, CEO of Naoris Protocol, observed: Read more