Russian authorities found 95 mining rigs and a mobile transformer in a KamAZ truck illegally tapping power meant for a village in Buryatia. Authorities in Russia’s Republic of Buryatia have uncovered an illegal cryptocurrency mining operation hidden inside a KamAZ truck siphoning electricity meant for a nearby village. Discovered during a routine power line inspection in the Pribaikalsky District, the unauthorized setup was drawing electricity from a 10-kilovolt line, enough to supply a small village, according to Russian state-owned news agency TASS. Inside the truck, inspectors found 95 mining rigs and a mobile transformer station. Two individuals believed to be connected to the operation fled the scene in an SUV before police arrived. Read more
Trump discloses $57.4 million in income tied to World Liberty Financial, a DeFi project that has raised over $550 million from investors. US President Donald Trump has disclosed $57.4 million in income from his involvement with World Liberty Financial, a cryptocurrency venture he backs alongside his sons Donald Jr. and Eric. The details emerged in Trump’s 2025 public financial disclosure, filed with the US Office of Government Ethics on June 13. The filing reveals that Trump holds 15.75 billion governance tokens in World Liberty Financial, which also grants him voting rights. While the document does not elaborate on the precise structure or market value of the governance tokens, the substantial reported income suggests that Trump has monetized some portion of the position or that the tokens were valued for disclosure at a high internal rate. Read more
Despite a record 19-day inflow streak for spot Ether ETFs, Ether is still trading below where it was at the start of the run. US-based spot Ether exchange-traded funds (ETFs) have posted the first net outflow day after a record 19-day streak of consecutive inflows. On June 13, spot Ether (ETH) ETFs recorded net outflows of $2.1 million, ending the longest inflow streak since the products’ launch in July 2024, according to Farside data. The streak began on May 16, excluding the market closure on May 26 for US Memorial Day. Read more
The SEC’s approval comes just weeks after Trump Media confirmed its capital raise to purchase Bitcoin, following initial denials of earlier reports. Trump Media and Technology Group (TMTG), the company that owns US President Donald Trump’s Truth Social platform and is partially owned by the president, has received approval from the US Securities and Exchange Commission (SEC) for its registration statement tied to its $2.3 billion Bitcoin treasury deal. According to a June 13 SEC filing, the agency “declared effective” TMTG’s S-3 registration statement — filed on June 6 — for the Bitcoin (BTC) treasury deal. The S-3 is a form that US companies use to register the sale of various securities, like stocks, options, and different types of debt. TMTG filed a corresponding final prospectus with the SEC on the same day. The SEC filing said that, as part of its Bitcoin treasury plan, TMTG registered the resale of approximately 56 million shares and 29 million more tied to convertible notes as part of debt and equity a...
ETF analyst James Seyffart said all of the updated S-1 filings "include staking language I believe." Seven Solana ETF applicants filed S-1 statements with the US Securities and Exchange Commission (SEC) on June 13; however, Bloomberg ETF analyst James Seyffart doubts approval will come as soon as next week. “I think there needs to be a back and forth with the SEC and issuers to iron out details, so I doubt it. If anyone remembers the Bitcoin ETF launch, there were *A LOT* of filings over the preceding couple months before launch,” Seyffart said in a post on Friday. US-based spot Bitcoin ETFs launched in January 2024, more than ten years after crypto exchange Gemini co-founders Tyler and Cameron Winklevoss filed the first spot Bitcoin ETF application with the SEC in 2013. On June 13, Fidelity Investments filed its initial S-1 registration statement for its spot Solana (SOL) ETF product, while 21Shares, Franklin Templeton, Grayscale Investments, Bitwise Investments, and Canary Capital filed S-1 amendments. Read...