The situation involving Garantex “undermines the illusion of control that many still cling to,” according to Global Ledger co-founder and CEO Lex Fisun. Global Ledger, a company that provides a crypto Anti-Money Laundering (AML) toolset, has identified over $15 million in active reserves from crypto exchange Garantex, some of which are on the move. According to Global Ledger’s report, a dormant Garantex Ethereum wallet began accumulating Ether (ETH) on March 6, eventually funneling $2.3 million in ETH to Tornado Cash. That wallet still holds $6.1 million in ETH, which remains stagnant. The same pattern was found for Bitcoin (BTC) holdings, the report says. About 2.2 BTC has been bridged to the TRON network, then partially transferred to Grinex. Read more
Wyoming Senator Cynthia Lummis was one of the few voices in Congress tying Michelle Bowman’s confirmation to a win for cryptocurrency policies. The US Senate has confirmed Michelle “Miki” Bowman as President Donald Trump’s pick to be vice chair for supervision for the Federal Reserve, signaling a potential change in the central bank’s regulatory approach after the departure of Michael Barr. In a 48-46 vote on June 4, senators confirmed Bowman to be the vice chair for supervision, allowing her to introduce policy recommendations and oversee the supervision and regulation of companies under the Fed’s authority. Wyoming Senator Cynthia Lummis, often an advocate for cryptocurrencies in Congress, lauded the confirmation as a “turning point for digital assets.” “Miki’s commitment to evidence-based regulation over political considerations will strengthen America’s financial system,” said Lummis. Read more
Installing Bitcoin ATMs inside post office locations is part of a broader push to modernize Romania’s postal service with digital tech. Poșta Română, the national postal service of Romania, installed its first Bitcoin ATM at a branch location in the city of Tulcea, in partnership with the Bitcoin Romania (BTR) exchange. According to an announcement from the postal service, the next locations to receive Bitcoin (BTC) ATMs will be in Alexandria, Piatra Neamț, Botoșani, and Nădlac. The ATMs are part of a broader push to overhaul existing infrastructure with digital technology and to expand service offerings to underserved areas in the country. Read more
Ethereum OG Ryan Berckmans explains Ethereum’s new strategy and what it could mean for ETH’s future price action. Ether (ETH) is back in the spotlight, surging nearly 50% in the past month and outpacing most other major crypto assets. But what’s really fueling this dramatic comeback? And is it sustainable? In an exclusive interview with Cointelegraph, Ethereum OG and investor Ryan Berckmans lifts the curtain on a pivotal shift inside the Ethereum ecosystem. For years, Ethereum’s strategy revolved around a rollup-centric roadmap, focusing on layer-2 scaling while largely sidelining the base layer. Insiders are now talking about a “moment of reckoning,” one that has given way to a rebalanced strategy between layer-1 and layer-2 growth. Read more