Crypto

Crypto regulation has dominated the week: Texas Rep. Brandon Gill faces backlash for late Bitcoin disclosures, SEC Chair Paul Atkins seeks rules over enforcement, California Assembly backs crypto fee pilots and asset-safeguard reforms, and the SEC wins a $1.1 million fraud case. The post Crypto Regulation Shake-Up: SEC Wins $1.1M Fraud Case as California Trials Bitcoin Fees appeared first on Cryptonews.

Eric Trump said Friday that the TRUMP meme coin team will not launch its crypto wallet following a dispute with World Liberty Financial.

US Senator Cynthia Lummis said the confirmation of Michelle “Miki” Bowman as Vice Chair for Supervision at the Federal Reserve marks a critical shift in the regulatory approach toward digital assets. According to Lummis, the appointment is a “turning point” for crypto policy, and she expects a “brighter future” for the industry ahead. The Senate […] The post Senator Lummis says new Fed vice chair appointment signals ‘brighter future’ for crypto appeared first on CryptoSlate.

The two companies struck an agreement to create a product that will explain market moves, combining data from X posts, event contracts from Polymarket and xAI’s chatbot, Grok.  

The Bitcoin treasury is hungry for the leading cryptocurrency.

Arca's chief investment officer, Jeff Dorman, previously said the investment company would stop doing business with Circle. Arca Chief Investment Officer Jeff Dorman said the digital investment company has sold all of its Circle shares following the stablecoin company’s recent listing on the New York Stock Exchange. The update followed a scathing open letter published by Dorman on social media on June 5, criticizing Circle for giving the investment firm a “throwaway” allocation in Circle’s initial public offering (IPO). According to Dorman, Arca submitted an order for $10 million in Circle shares in April 2025 and only received a $135,000 allocation despite being a long-time supporter and one of the earliest investors to submit a bid. The executive wrote in a now-deleted letter: Read more

Crypto exchange Gemini wants to twin with Circle, CRCL shares are still soaring, and Strategy has another preferred stock offering.

Switzerland has approved automatic crypto-asset data exchange with 74 jurisdictions under OECD’s CARF. It includes EU countries and most G20 members but excludes the United States and Saudi Arabia. Data sharing begins in 2027 if partner states meet reciprocity and compliance standards. The post Switzerland to Swap Crypto Holder Data with 74 Countries Under the OECD’s CARF appeared first on Cryptonews.

Hashed's Kim Yong-beom was the former Vice Minister at Korea's Ministry of Economy and Finance.

Tech leaders including Apple, X, Airbnb, Google and Uber have explored adding stablecoin settlement to their checkouts, sources say, weighing compliance across Tether and USDC. Payment processors Stripe and Worldpay have been consulted on routing the tokens to trim fees and speed cross-border flows. The post Apple, X, Airbnb Plot Stablecoin Payment – Could Big Tech Ditch Card Fees for Onchain Settlements? appeared first on Cryptonews.

Allegations on the president’s ties to the crypto industry and claims of “Trump derangement syndrome” clouded attempts to reach an agreement on a market structure bill in Congress. Republican lawmakers on the House Financial Services Committee (HFSC) pushed back against concerns that US President Donald Trump could personally profit from his exposure to the crypto industry, dismissing the claims as political “theatrics” amid ongoing debate about digital assets legislation. In a June 6 hearing organized by Democrats, HFSC ranking member Maxine Waters defended that the lawmakers should focus on “information that has not been explored during the committee hearing” on June 4, which dealt with concerns around the Digital Asset Market Clarity (CLARITY) Act. The debate around the crypto market structure bill, expected to head for a vote on June 10, has been partly shadowed by calls for provisions to stop Trump from potentially using the legislation to his personal benefit. Representative Bryan Steil, who chairs the ...

VanEck, 21Shares, and Canary Capital requested on June 5 that the US Securities and Exchange Commission (SEC) reinstate the queue-based review system that awards exchange-traded product approvals in the order issuers filed.  In a joint letter to Chair Paul Atkins, the firms said concurrent approvals strip early filers of the advantage that traditionally offsets higher […] The post Stalling first-mover advantage: VanEck, 21Shares, Canary press SEC to restore first-to-file ETF review order appeared first on CryptoSlate.

WLF’s cease-and-desist targets Magic Eden’s 'First & Only' Trump wallet claim amid $300M TRUMP coin fee empire.

Gambaryan, who is leaving the crypto exchange to explore roles in the public or private sector, is among a number of Binance executives to depart over the past two years.

Gemini has confidentially lodged a draft S-1 with the SEC, confirming intentions to list shares on public markets. The IPO is expected once regulators finish their review and market conditions allow, coming a day after stable-coin issuer Circle began trading on the NYSE following its own approval. The post Crypto Firm Gemini Files Confidentially for IPO in the US – Here’s What We Know appeared first on Cryptonews.

The market capitalization for stablecoins has risen 90% since Jan. 4, 2024, making stablecoins arguably crypto’s first mainstream use case. Update (7:40 pm UTC): This article has been updated to include a statement from Google. Growing momentum for United States stablecoin regulation is reportedly pushing major tech firms like Apple, X, and Airbnb to explore digital token integration According to a June 6 report from Fortune, at least four tech companies, including Apple, X, Airbnb and Google, are exploring stablecoins as a means to lower fees and improve cross-border payments. Each company is in a different stage of implementation, with Google perhaps the farthest ahead, having facilitated two stablecoin payments already. Read more

Labubu has evolved from a picture-book character and Pop Mart status symbol into a Solana meme coin that has surged 40-fold and raised $42 million. Observers compare it with Pudgy Penguins as analysts weigh its community launch, cultural pull and the challenge of sustaining memecoin momentum. The post Labubu Meme Coin Shows Brands Merging With Blockchain, But Will The Token Catch On? appeared first on Cryptonews.

Gemini confidentially filed a draft registration statement with the US Securities and Exchange Commission (SEC) for an initial public offering (IPO) of Class A common stock, according to a June 6 statement.  The exchange controlled by Cameron and Tyler Winklevoss stated that the share count and price range will be determined once regulators complete their […] The post Gemini files confidential IPO draft as Circle’s shares register a new all-time high near $124 appeared first on CryptoSlate.

As blockchain-based infrastructure, Ethereum underpins a core component of Circle’s business model.

Specific details around the size and valuation of the offering remain undisclosed.