Crypto

The California House passed a bill that would let the state seize crypto sitting on exchanges—but advocates say it's actually a good thing.

USDC issuer Circle has again upsized its initial public offering above the marketed range, selling 34 million shares at $31 each. Update (June 5, 12:50 am UTC): This article has been updated to include more information about Circles’ IPO. Stablecoin issuer Circle Internet Group, Inc. has again boosted its initial public offering to $1.05 billion, pricing its shares above its previous marketed range. The USDC (USDC) stablecoin manager said on June 4 that it will now look to offer 34 million shares at a price of $31 each when it debuts on the New York Stock Exchange on June 5. Read more

A 24-year-old man said to be a mastermind behind the recent crimes was taken into custody in Tangier, authorities said.

Interconnections between centralized and decentralized crypto lending are heightening systemic risk, Galaxy Digital’s research arm said in a June 4 report on first-quarter borrowing data. The report estimated that as of March 31, over $39 billion in crypto-collateralized debt was outstanding across decentralized lending apps, centralized lenders, and crypto-backed stablecoin issuers. DeFi protocols accounted for […] The post Systemic risk on the rise as leverage interdependencies tighten between CeFi, DeFi and crypto treasuries appeared first on CryptoSlate.

Bitcoin dropped by about 1% but major altcoins fell deeper into the red as investors weighed steel tariffs and wider macro uncertainties.

Skibidi Toilet Coin has vaulted 80% after Congressman Brad Sherman cited it alongside Bitcoin and Ethereum during a House Financial Services Committee hearing on crypto oversight, lifting the Solana-based meme token’s market cap toward $3.6 million and sparking fresh debate on meme coin resilience. The post U.S. Hearing Shoutout Sends Solana Memecoin $SKBDI Soaring 80% – Is Meme Coin Mania Back for Crypto? appeared first on Cryptonews.

Circle’s IPO exceeds expectations with a surge in demand, pushing shares above the marketed range.

Ethereum Foundation has released a sweeping update to its treasury management strategy, signaling a more mature, structured approach to capital allocation amid ETH’s growing global influence and rising institutional scrutiny. The new framework, published on June 4, outlines how the foundation will manage reserves, deploy capital in DeFi protocols, and assess privacy standards, while maintaining […] The post Ethereum Foundation unveils comprehensive treasury plan to balance capital and privacy commitments appeared first on CryptoSlate.

Members in two House committee hearings debated a framework for digital assets while raising concerns about the US president using his position to profit from the industry. Leadership on the US House Financial Services Committee (HFSC) seemed like they were not going to reach common ground on how to regulate digital assets amid President Donald Trump’s potential conflicts of interest with the industry. In a June 4 hearing, committee ranking member Maxine Waters reiterated concerns that, without clarification within the bill, Trump could use the Digital Asset Market Clarity (CLARITY) Act to further “cash in” on crypto. The California representative cited examples of the president hosting a dinner for his top memecoin holders, who reportedly paid roughly $148 million for the opportunity to attend, and suggested that Trump could use the market structure to “put [Americans’] money in his digital wallet.” Read more

World Liberty Financial has surprised WLFI holders with a $47 USD1 stablecoin drop, moving over $4 million without claims or links. The live trial has proven its airdrop system and heightened scrutiny of Trump family ties as Congress debates stablecoin oversight. The post Trump-Affiliated World Liberty Financial Airdrops Millions in USD1 Stablecoin appeared first on Cryptonews.

Robinhood acquires Bitstamp, the world’s oldest crypto exchange, to deepen global and institutional offerings.

In some cases, the bank will look at crypto holdings when determining net worth, which may affect how much can be borrowed. JPMorgan, the largest bank in the United States by assets, plans to offer trading and wealth-management clients the option of using crypto-linked assets as collateral for loans, according to a June 4 report from Bloomberg. The bank is set to allow financing against crypto exchange-traded funds (ETFs) in some weeks. JPMorgan will begin with BlackRock’s iShares Bitcoin Trust, which, according to Sosovalue.com, is the largest US spot Bitcoin (BTC) ETF with $70.1 billion in net assets. The bank will also consider clients’ crypto holdings when assessing net worth, treating digital assets similarly to traditional ones when determining how much a client can borrow against assets. Read more

Popular mobile game Flappy Bird is once more taking flight in Web3 after closing down its Telegram game and launching on Android.

Brazil’s Central Bank plans to treat transaction data from its central bank digital currency (CBDC) infrastructure, called Drex, as a direct input for setting the country’s interest rate benchmark. Central bank executive Henrique Videira said on June 4 at the Token Nation conference in São Paulo that every payment and asset transfer recorded on Drex’s […] The post Brazil’s central bank plans to use CBDC data to guide interest rate decisions appeared first on CryptoSlate.

Real estate entrepreneur Grant Cardone wants his tenants to buy Bitcoin for you.

Binance CEO Richard Teng has welcomed the SEC’s motion to dismiss its 2023 securities complaint, framing the move as a win that eases uncertainty for the exchange and wider market. Teng said new policy direction under President Trump and a Crypto Task Force could help the US become a leading hub. The post Binance CEO Hails SEC Lawsuit Dismissal as ‘Significant Win,’ Credits Trump for Crypto Shift appeared first on Cryptonews.

Railgun's RAIL token has spiked 15% higher after Ethereum co-founder Vitalik Buterin transferred over $2.6 million in crypto using the privacy protocol.

Circle is poised to price its initial public offering above its marketed range after receiving investor orders for more than 25x the number of shares available, Bloomberg reported on June 4, citing people familiar with the matter. The stablecoin issuer and its backers are offering 32 million shares at a price range of $27 to […] The post Circle set to exceed IPO expectations after overwhelming investor demand appeared first on CryptoSlate.

Nasdaq-listed travel booking firm Webus filed a Form 6-K to inform U.S. investors and regulators of its plans for a $300 million XRP treasury.

JP Morgan has updated its collateral rules to let select clients borrow against crypto ETFs, starting with BlackRock’s iShares Bitcoin Trust. It has also treated digital asset holdings as part of net-worth and liquidity tests, embedding crypto deeper into traditional credit. The post JPMorgan Plans to Let Clients Borrow Against Crypto ETFs – Here’s What That Means appeared first on Cryptonews.