Crypto

The US GENIUS stablecoin act could open the door for a flood of Big Tech digital currencies. There are challenges though. The GENIUS Act will enable tech companies to issue stablecoins that functionally blur the boundary between public and private money. But Winston Ma, adjunct law professor at New York University, argues that private stablecoins cannot function as true currency without sovereign enforcement. Yuriy Brisov, a lawyer at Digital & Analogue Partners, contends that privately issued currencies can serve as legitimate alternatives to traditional monetary systems. To understand the legal implications of the GENIUS Act and how it fits into the global stablecoin landscape, Magazine spoke with Brisov in Europe, Ma in the US and Joshua Chu, co-chair of the Hong Kong Web3 Association. Read more

NEAR faces significant selling pressure amid broader market uncertainties.

BTC price returns to retest recently reclaimed levels as Bitcoin analysis flags the 50-day moving average trendline as a "buying opportunity." Key points: Bitcoin order book liquidity remains a decisive force on low-timeframe BTC price action after a $108,000 grab. Whales show divergent behavior from smaller retail investors, choosing to up BTC exposure at current prices. Read more

Pi2Day 2025 brings key user-friendly upgrades, from a new KYC sync button solving verification roadblocks to expanded wallet access and enhanced security features. Every year on June 28, Pi Network celebrates Pi2Day, a kind of mid-year check-in that builds on the original Pi Day (March 14).  It’s supposed to be a clever nod to math (3.14 → 6.28), but it’s also become a key moment for the Pi community. Since 2023, the core team has used the day to showcase progress and rally users behind major initiatives. Read more

British national Kai West, known online as “IntelBroker,” has been indicted for allegedly selling stolen data on BreachForums, causing over $25 million in damages. A British man accused of operating under the alias “IntelBroker” on cybercrime forums has been indicted for allegedly selling stolen data in a case that caused more than $25 million in damage. The US Southern District of New York Attorney’s Office announced Kai West’s indictment on Wednesday. West allegedly operated on online black markets under the IntelBroker pseudonym and caused in excess of $25 million in damage to victims. Former US Securities and Exchange Commission (SEC) Chair and attorney Jay Clayton was among the people responsible for unsealing the indictment. “This action reflects the FBI’s commitment to pursuing cybercriminals around the world,” he said. Read more

As stablecoins gain traction across Europe, the European Commission is stepping in to clarify how tokens issued across borders by the same company should be treated under MiCA. The post EU Stablecoin Interchangeability Under MiCA—What’s Next? appeared first on Cryptonews.

Mass adoption of stablecoins will amplify illicit finance risks, particularly when it is handled unevenly across difference jurisdictions, the FATF said

Taurus’s stablecoin privacy layer uses zero-knowledge proofs and was built atop the Aztec Network.

The "Real-World Assets in On-chain Finance Report," cites a projection by Standard Chartered that the market could grow to $30 trillion by 2034.

Previous market cycles came with big promises for real-world assets and the tokenization of existing financial products. This time it’s really happening, says Galaxy’s Thomas Cowan. Here’s what to expect.

Swiss digital asset infrastructure provider Taurus SA has announced “the first-ever private smart contract for stablecoins,” designed to boost the asset’s adoption for use cases like payroll, treasury, and intra-bank transfers. The post Taurus Launches the ‘First Private Smart Contract for Stablecoins’ appeared first on Cryptonews.

Bitcoin and Ethereum have inched forward, as 77% of Myriad Market users signal they’re certain Iran's supreme leader will remain in power.

The crypto market is down today, but both BTC and ETH have recorded increases. Analysts argue that Bitcoin is ready to move into its utility phase. The post Why Is Crypto Down Today? – June 26, 2025 appeared first on Cryptonews.

The EU’s joint stablecoin issuance with third countries has risks, but they are manageable under the MiCA framework, the European Commission said. The European Union’s main executive body has taken a soft approach toward stablecoins, contrasting with that of the European Central Bank (ECB) and sparking industry optimism. In response to ECB concerns on potential bank run risks stemming from stablecoin multi-issuance in Europe and third countries, the European Commission (EC) said such risks are “highly unlikely.” A spokesperson for the Commission told Cointelegraph, “Even in the highly unlikely event of a run on a jointly issued token, redemptions by foreign holders would primarily occur in jurisdictions like the US, where most tokens circulate and the bulk of reserves are held.” Read more

South Korean police dismantled fake crypto exchange ring that processed $694.5 million in illegal transactions over six years, seizing $3.2 million in hidden Ethereum. The post South Korean Police Bust Fake Crypto Exchange Ring, Seize $3.2M Worth Of Crypto appeared first on Cryptonews.

Pradeep Bhandari, spokesperson for India’s ruling BJP party, called for a Bitcoin reserve pilot and clarity on the country’s “taxed but unregulated” approach to crypto. The national spokesperson for India’s ruling party called on the country to consider launching a Bitcoin reserve pilot, saying that it would be a strategic step toward economic resilience.  In an article for India Today, Bharatiya Janata Party (BJP) spokesperson Pradeep Bhandari said the US strategic Bitcoin (BTC) reserve and Bhutan’s state-led mining operations signal that global finance is shifting toward crypto.  He added that India, with an expanding renewable energy infrastructure, is positioned to create a sovereign Bitcoin strategy. Read more

Hedera (HBAR) was also an underperformer, declining 3.5% from Wednesday.

Previous LTH/STH surges drove BTC from $28K to $60K and $60K to $100K; the same pattern now appears at $100K, says Adler.

Billions Network has launched its mobile identity app for Android and iOS, offering AI-resistant, privacy-preserving verification using NFC-based document checks and zero-knowledge proofs. Blockchain-based identity layer Billions Network announced the launch of its identity mobile application for both Android and iOS devices. According to a Thursday statement shared with Cointelegraph, Billions Network’s identity system is AI-proof. The announcement follows Polish investor Borys Musielak’s April demonstration of how ChatGPT can generate photos of government-issued IDs likely to pass photo-based Know Your Customer (KYC) checks. “As AI continues to erode trust in traditional verification methods and digital interactions, this launch ensures people can safely and privately enjoy personalized digital experiences,” Evin McMullen, co-founder and CEO of Billions, said. Read more

The Krak app allows users to instantly transact across borders for almost no cost, while earning competitive rewards on their account balances.