Crypto

Circle’s blistering rally reflects investor hunger for stablecoin exposure, but lofty valuation multiples are raising eyebrows.

Strategy has continued its Bitcoin accumulation, buying 245 BTC for $26 M at an average $105,856 and boosting its hoard to 592,345 BTC worth $41.87 B. The purchase has come amid Operation Midnight Hammer and retaliatory strikes that have heightened market volatility. The post Michael Saylor’s Strategy Snaps Up 245 Bitcoin for $26 Million as Geopolitical Tensions Lift BTC 3.5% appeared first on Cryptonews.

Wealthy US investors say they are more likely to hire financial advisers who provide crypto guidance, according to a June 2025 CoinShares survey of 500 individuals with at least $500,000 in investable assets. A vast majority (88%) of investors already work with an adviser, and 58% rank advisers as their most trusted source for digital […] The post Survey: 82% of US wealthy investors favor advisers who can deliver informed crypto strategies appeared first on CryptoSlate.

Marvin Barth says pegged cryptocurrencies could effectively create “narrow banking”: a long-held dream of economists looking to separate critical financial functions.

The New York-based miner expects hashrate to hit 23 EH/s by Q3 after starting operations at its Black Pearl site.

Trezor has issued a security warning after attackers abused its support contact form. Fake requests using user emails triggered automated replies seeking wallet backups. Trezor says no internal systems were breached and it has contained the exploit while studying extra safeguards. The post Trezor Issues ‘Urgent Alert’ After Support-Form Exploit Sends Phishing Emails – What Users Must Know appeared first on Cryptonews.

Shares of the stablecoin issuer account for roughly 13% of the MVDAPP, said VanEck’s Mathew Sigel. Shares of Circle Internet Group (CRCL) hold the largest weighting in VanEck’s digital asset corporate index, highlighting the stablecoin issuer’s growing influence in the crypto economy. Circle stock makes up 13% of the MVIS Global Digital Assets Equity Index (MVDAPP), which was developed by a VanEck subsidiary to track the performance of the largest and most liquid companies in the crypto sector. That marks an increase from around 11% on Friday.  Investors can gain exposure to MVDAPP through VanEck’s Digital Transformation exchange-traded fund (ETF), which aims to track the index “as closely as possible,” according to the firm’s prospectus. Read more

Cardano-powered privacy network Midnight will offer NIGHT tokens in an airdrop to millions of crypto users on Bitcoin, Ethereum, and beyond.

The Federal Reserve Board on June 23 removed reputational risk from its bank supervision program, ordering staff to strike the term from examination manuals and to concentrate on measurable financial exposures. The Fed move positions the central bank alongside the Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency, which […] The post Fed joins regulators dropping reputational risk factor, clearing banks to serve crypto firms appeared first on CryptoSlate.

JUP has fallen to $0.36, extending an 83% decline since February, as Jupiter has suspended its DAO voting system amid complaints about token utility. Despite bearish sentiment, the Solana-based DEX aggregator has surpassed $1 trillion in volume and analysts point to oversold signals near $0.34. The post JUP Holders Panic Sell After 80% Crash – Dead or Buying Opportunity? appeared first on Cryptonews.

French Hill, the chair of the House Financial Services Committee, signaled the House still intends to hash out stablecoin details, suggesting a longer process.

The proposed bill from Senator Adam Schiff followed similar legislation in the House of Representatives from Maxine Waters in response to the president's memecoin dinner. California Senator Adam Schiff and nine other Democratic lawmakers have introduced legislation to prevent what they called “financial exploitation of digital assets” by the US president and other public officials. In a Monday announcement, Schiff and several Democratic senators said they had introduced the Curbing Officials’ Income and Nondisclosure, or COIN, Act, in response to US President Donald Trump’s connections to the cryptocurrency industry. The proposed legislation followed Trump’s disclosure of $57.4 million in income tied to World Liberty Financial (WLF), the crypto platform backed by members of his family. “President Donald Trump’s cryptocurrency dealings have raised significant ethical, legal and constitutional concerns over his use of the office of the presidency to enrich himself and his family,” said Schiff. “That’s why I am ...

ECD Automotive Design, which bills itself as the largest Land Rover and Jaguar restorator, has raised half a billion dollars to buy Bitcoin and fund its corporate growth. 

HYPE is up 300%, and Hyperliquid leads the DEX perp market. But with a $38B valuation and just 21 validators, some question whether the rise is sustainable. Key takeaways: HYPE has surged over 300% since April, driven by growing usage of the Hyperliquid exchange and rising investor interest. Hyperliquid now leads the decentralized perpetuals market, processing over 70% of DEX perp volume. Read more

Ethereum futures positioning continues to show signs of overcrowding, which means that the recent price declines could extend if leverage doesn't reset.

Trump Media and Technology Group announced plans to repurchase up to $400 million worth of its own shares while leaving intact the $2.3 billion it has earmarked for building a substantial Bitcoin (BTC) reserve. The board of directors authorized the buyback plan as a show of confidence in the company’s stock and future growth strategy, […] The post TMTG reaffirms Bitcoin commitment amid $400M share buyback plan appeared first on CryptoSlate.

A group led by ex-Coral Capital executives has outlined plans to rebrand a Nasdaq-listed shell as Build & Build Corporation, raise $100 million and allocate the funds to BNB, making it the first public firm to adopt Binance’s exchange token as a treasury asset amid rising interest in utility coins. The post $100 Million BNB Bet: Nasdaq Company Mirrors MicroStrategy’s Playbook in Bold Treasury Move appeared first on Cryptonews.

The company’s CEO described the stock tokenization as a “DeFi Lego block,” suggesting it serves as a foundational piece for decentralized finance adoption. Update (June 23, 2025 at 10:02 PM UTC): This article has been updated to state that Backed created the xStocks platform. DeFi Development Corp., a Solana treasury company formerly known as Janover, announced plans to tokenize its shares through a partnership with crypto exchange Kraken. According to a Monday announcement, the company will use xStocks, a tokenization platform created by Backed, to bring its shares onchain. Kraken announced a partnership with xStocks in May, promising to offer investors tokenized shares of US-listed companies such as Apple, Tesla and Nvidia to users in other regions. The platform is built on the Solana blockchain. Read more

Canaan has exited the AI chip market after costly misalignment with its goals, freeing resources for core Bitcoin-mining hardware. It has completed a US pilot production run of rigs to serve North American clients faster while monitoring tariffs and costs for future scaling. The post Bitcoin ASIC Manufacturer Canaan Drops AI Chips, Bets Big on U.S. Bitcoin Mining – Here’s Why appeared first on Cryptonews.

The total value of liquidated positions is well above $400 million on a daily scale.