Donald Trump’s crypto agenda claims to champion financial freedom, but in reality, it consolidates power among political elites and wealthy investors, sidelining everyday users. Opinion by: Elias Vilochkin, chief product officer of ChangeNOW Bitcoin optimism is naturally running high. US President Donald Trump’s trade agreement with the UK has provided a jolt of confidence in global markets, and Bitcoin (BTC), as the ultimate borderless asset, is reaping the benefits. Unfolding behind the Trump administration’s aggressive push to deregulate the crypto industry, however, is a consolidation of power that favors the few while ignoring the many. Read more
Trump Media & Technology Group filed an S-1 registration form with the US regulator to launch the Truth Social Bitcoin ETF. Trump Media and Technology Group, the company majority-owned by US President Donald Trump that runs his Truth Social media platform, filed with the US Securities and Exchange Commission (SEC) to launch a Bitcoin exchange-traded fund (ETF). TMTG filed an initial registration statement on Form S-1 for its Truth Social Bitcoin (BTC) ETF on June 5, according to an announcement by the company. The filing reads: The filing comes after stock exchange NYSE Arca submitted a proposal to the SEC to list the Truth Social Bitcoin ETF on behalf of crypto asset manager Yorkville America Digital, a partner of TMTG, the owner of Truth Social. Read more
Ignore AI doomers predicting mass unemployment — PWC found AI-exposed industries create more value and pay workers higher wages. AI Eye. Any student of predictions will tell you they are almost always wrong, especially the ones about the future. Most predictions about AI will be too. Thanks to our prehistoric brains, humanity has a demonstrated capacity to ignore the 99 out of 100 predictions that are wrong and to focus instead on that one guy out of 100 who accidentally got it right. Everybody remembers how Michael Burry successfully predicted the Global Financial Crisis and profited from it, as shown in the movie The Big Short. Read more
Zebec’s move reflects a shift toward embedding compliance at the protocol level, with firms facing more stringent regulatory requirements. Financial infrastructure company Zebec Network has acquired Gatenox, a compliance and identity platform, to bring core regulatory infrastructure in-house and expand into more tightly regulated markets. In an announcement shared with Cointelegraph, the company said the deal brings native Know Your Customer (KYC), Know Your Business (KYB) and Anti-Money Laundering (AML) tools directly into its Web3 payment stack. Neal Padhye, the head of mergers and acquisitions at Zebec, said that regulation is no longer optional and is now infrastructure. “With Gatenox, we’re embedding compliance into the foundation of programmable finance, making Zebec faster, safer and ready for institutional scale,” Padhye added. Read more
Anthropologist Bill Maurer joins the Clear Crypto Podcast to explore how blockchain revives ancient ideas about money, not as tokens, but as systems of record-keeping and social trust. If money isn’t coins, bills or even cryptocurrencies, what is it, really? That’s the question at the heart of this week’s episode of The Clear Crypto Podcast, where hosts Nathan Jeffay (StarkWare) and Adrian Blust (Tonal Media) sit down with Bill Maurer, dean of the UC Irvine School of Social Sciences and a leading anthropologist of finance. “I generally begin by going back to history and talking about case studies like ancient Mesopotamia,” Maurer said. He explained that leading into a conversation about blockchain or crypto, he points to the emergence of society, and therefore the eventual emergence of a currency system. However, at the beginning, it wasn’t a token, coin or banknote; it wasn’t even something that was “passed hand to hand.” Read more
Bitcoin miners offer a glimpse into potential price upside to come as the historically accurate Hash Ribbons flips green. Key points: A historically accurate Bitcoin price metric is flashing green for the third time this year. Miners’ BTC sales have slowed since the start of the year compared to 2024. Read more
Safe, formerly Gnosis Safe, has launched a subsidiary called Safe Labs to develop enterprise-grade self-custody solutions based on its smart contract wallet infrastructure. Safe, a crypto self-custody company previously known as Gnosis Safe, has launched a subsidiary, Safe Labs, to build enterprise-grade self-custody solutions. According to a June 5 announcement shared with Cointelegraph, Safe Labs is a commercial subsidiary wholly owned by Safe. It will focus on building institutional products using Safe Smart Accounts, a modular smart contract-based wallet system. “The future of Web3 depends on giving users absolute confidence in their digital sovereignty,” said Lukas Schor, co-founder of Safe and president of the Safe Ecosystem Foundation. “With Safe Labs, we’re building the infrastructure to make that possible — enterprise-grade, secure and intuitive by design.” Read more
Circle’s public trading launch follows multiple IPO upsizings in response to massive demand from investors. Circle, the issuer of the second-largest stablecoin by market capitalization, USDC, has begun trading on the New York Stock Exchange (NYSE). Circle CEO Jeremy Allaire took to X on June 5 to announce the company’s public debut of CRCL shares on the NYSE. The company’s public listing comes 12 years after Allaire co-founded Circle with Sean Neville with a mission to remake the global economic system by “re-imagining and re-building it from the ground up natively on the internet,” the CEO said. Read more
Institutional demand and more holding are pushing the percentage of Bitcoin on exchanges to the lowest since 2018, signaling a potential supply shock. Key takeaways: Bitcoin’s percent supply on exchanges has dropped below 11% for the first time since 2018. Institutional adoption is accelerating BTC withdrawals from public exchanges. Read more
Bitcoin-friendly European Parliament Member Sarah Knafo says Europe is still at the beginning of the digital revolution, which will help it compete with economies like China and the US. The European Parliament is set to vote on a technology sovereignty proposal submitted by the Committee on Industry, Research and Energy (ITRE) under the leadership of pro-Bitcoin lawmaker Sarah Knafo. ITRE, one of 24 standing committees in the European Parliament, on June 3 adopted a non-binding report on tech sovereignty and digital infrastructure, calling for a European policy for the digital ecosystem. The proposal highlights concerns that Europe is falling behind the United States and China in strategic sectors such as the cloud, cybersecurity, artificial intelligence, semiconductors and communication infrastructure. Read more