Cointelegraph.com
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Cointelegraph.com - 20:07 Jun 12, 2025
David Plouffe previously worked as an adviser for Alchemy Pay, Binance, former President Barack Obama's and former Vice President Kamala Harris’ presidential campaigns. David Plouffe, who worked as an adviser on former US Vice President Kamala Harris’ 2024 presidential campaign, will be joining Coinbase’s Global Advisory Council. In a Thursday notice, Coinbase said Plouffe would join former lawmakers, industry leaders, and others on the company’s advisory council, seemingly to advise the exchange on policies moving forward in the US and abroad, as well as its role in future elections. The appointment of Plouffe to the council marked one of his first roles in crypto and policy since leaving Harris’ campaign. “It’s important to understand that someone who holds crypto or stablecoin, that might not be the most important issue to them voting,” Plouffe said at Coinbase’s State of Crypto Summit, adding: Read more -
Cointelegraph.com - 20:03 Jun 12, 2025
President Trump’s debt-heavy bill could speed up the devaluation of the US dollar. With higher inflation looming, Bitcoin may be one of the few real hedges left. Key takeaways: President Trump’s One Big Beautiful Bill could add over $2.4 trillion to the US debt, accelerating a looming debt crisis and spiking inflation. Inflation and dollar devaluation remain the path of least resistance in the US economy, eroding the real value of cash and bonds. Read more -
Cointelegraph.com - 18:19 Jun 12, 2025
Escalating tensions in the Middle East and an ominous Bitcoin chart fractal could play a role in sending BTC price back under $100,000. Key takeaway: Bitcoin price sits on a slippery slope as tensions in the Middle East and investors’ decision to cut risk threaten a drop under $100,000. Bitcoin (BTC) reached a weekly high of $110,653 on Monday, but it is currently down 3.5%, dropping to a low of $106,600 on Thursday. Escalating tensions between Iran and Israel, with reports of Israel possibly preparing military action against Iran, have triggered a risk-off sentiment, with BTC posting a reaction. Read more -
Cointelegraph.com - 17:56 Jun 12, 2025
Circle's USDC has a market capitalization of over $61 billion, making it the second-largest stablecoin, second to Tether's USDt. Circle's USDC stablecoin (USDC) launched on the XRP Ledger (XRPL) on Thursday, bringing the overcollateralized dollar-pegged token to users of the layer-1 blockchain network. According to an announcement from Ripple, the launch of USDC on the platform will enable investors to use XRP as a bridge currency to transfer their stablecoins between decentralized exchanges (DEXs) through an auto-bridging feature. Markus Infanger, the senior vice president of RippleX added: Support for USDC on the XRPL comes amid a concerted push to establish comprehensive stablecoin regulations in the United States, as the sector swells to over $237 billion in market capitalization with geo-strategic and macroeconomic implications. Read more -
Cointelegraph.com - 17:31 Jun 12, 2025
The reserve will be funded through stock issuance and other financial instruments, according to the announcement. Trident Digital Tech Holdings, a Web3 company based in Singapore, said it will start an XRP (XRP) treasury of up to $500 million. By doing so, the company joins a host of others that have, since May, announced reserves of the Ripple-created cryptocurrency. “This initiative reflects our belief in the transformative potential of blockchain technology for capital allocation and cross-border value transfer,” Soon Huat Lim, founder and CEO of Trident, said in a statement. “Through this initiative, Trident aims to demonstrate how public companies can thoughtfully and responsibly participate in the ongoing development of decentralized finance.” Rather than a simple buy-and-hold strategy, Trident plans to use its XRP reserves to generate yield through the deployment of staking mechanisms and have a “deep engagement” within the Ripple ecosystem, according to the announcement. The start of the XRP reserve w... -
Cointelegraph.com - 17:17 Jun 12, 2025
The US president has spoken in person at the Bitcoin 2024 conference in Nashville and released a video message for the Digital Asset Summit in New York City. US President Donald Trump released a prerecorded message for attendees of Coinbase’s State of Crypto Summit as Congress considers legislation to regulate payment stablecoins and establish a digital asset market structure framework. In his second message directly addressing a crypto conference since becoming president in January, Trump said he was “not done” implementing crypto policies in the US government. These, according to the president, have included efforts through executive orders to establish a national Bitcoin (BTC) reserve, creating a working group on digital assets and nominating Paul Atkins to chair the Securities and Exchange Commission (SEC). “My administration is working with Congress to pass the GENIUS Act supporting the creation of dollar-backed stablecoins, and we also will be working to create clear and simple market frameworks that wi... -
Cointelegraph.com - 16:40 Jun 12, 2025
The Enterprise Cluster initiative enables decentralized use cases for privacy-sensitive operations across healthcare and finance. Several technology companies have joined Nillion’s newly launched Enterprise Cluster — an initiative aimed at extending decentralized applications beyond cryptocurrencies into privacy-focused use cases such as healthcare, financial management and enterprise data sharing. As part of the partnership, Deutsche Telekom, Alibaba Cloud, STC Bahrain and Pairpoint by Vodafone are operating infrastructure nodes on Nillion’s decentralized compute platform, the company announced Thursday. The Enterprise Cluster enables organizations to run privacy-critical applications on decentralized infrastructure, helping to minimize the trade-offs between the risks of centralized systems and the limitations of blockchain-based privacy. Read more -
Cointelegraph.com - 15:11 Jun 12, 2025
Tether’s investment in Canada’s Elemental Altus Royalties follows the company’s strategy to “integrate long-term, stable assets such as gold and Bitcoin in its ecosystem.” Tether, the issuer of the world’s largest stablecoin by market capitalization, continues its buying spree with its 32% stake acquisition in Canada’s public gold royalty firm Elemental Altus Royalties. Tether Investments on Thursday announced the acquisition of 78,421,780 common shares of Elemental (ELE) from La Mancha Investments, representing 31.9% of Elemental’s issued and outstanding shares. The transaction, completed Tuesday, was made at a price of $1.55 Canadian dollars ($1.14) per share, according to an announcement by Elemental, costing Tether approximately $89.4 million. Read more -
Cointelegraph.com - 15:00 Jun 12, 2025
AI is reshaping gaming, but blockchain is the missing link for next-gen, AI-powered social gaming experiences. Centralized systems limit progress, ownership and creativity. Opinion by: Kin Wai Lau, CEO of ZKcandy Many people still don’t see the point of using blockchain in games. It’s a powerful tool that drives ownership and trading but is not vital for most gameplay types. The rise of AI shifts the equation. Blockchain isn’t just a bonus feature for games enhanced with artificial intelligence — it’s critical for building consistent gameplay. Fast processors and cloud servers are not enough anymore. AI agents and players need blockchain to enable a truly social gaming experience, where achievements can be recorded and carried across different titles, turning games into connected social ecosystems. Without decentralized infrastructure, agentic gameplay risks becoming a centralized walled garden where progress is temporary, creations are locked in, and experience is limited. Read more -
Cointelegraph.com - 14:53 Jun 12, 2025
BTC price strength returns as US inflation cools beyond expectations, hitting dollar strength again — and new BTC price all-time highs are on the table. Key points: Bitcoin hits its anticipated $107,000 low before heading higher as US inflation data boosts bulls. US dollar strength suffers as inflation continues to slow beyond expectations. Read more -
Cointelegraph.com - 14:30 Jun 12, 2025
Jack Butcher — creator of meme culture NFT collection Opepen which has seen $240 million in volume — has an unexpected take on NFT royalties. Before Jack Butcher became a household name in the NFT ecosystem before Checks, before Opepen, before his landmark 74 ETH ($123,500) sale in 2021 he was just a designer chasing clarity. Not hype. Not headlines. Just clarity. Butchers journey didnt start in the meme coin trenches. It began in the agencies of London and New York where he cut his teeth as a commercial designer. I bounced around the agency scene for about 10 years. I basically worked in every commercial application of design you can think of, Butcher says. Read more -
Cointelegraph.com - 14:25 Jun 12, 2025
Japan’s debt crisis jolts crypto markets, testing their resilience and reviving Bitcoin’s role as a system hedge against fragile fiat systems. Crypto markets sold off sharply in August 2024 in response to global macro dislocation caused by Japan’s fiscal crisis, underscoring their sensitivity to liquidity shocks and systemic risk. In the first week of August 2024, Bitcoin (BTC) plummeted nearly 17% from its all-time high of $82,000, reversing a month-long rally fueled by ETF inflows and institutional optimism. Ether (ETH) dropped below $3,000, wiping out gains made earlier in the summer. Read more -
Cointelegraph.com - 14:15 Jun 12, 2025
The National Cryptocurrency Association’s 2025 report reveals a surprising normalcy to crypto ownership, spanning construction sites to art studios and challenging long-held stereotypes. Crypto is getting more normal, from the number of people who use it to the type of people who use it, according to a new report. While Bitcoin (BTC) and crypto news have concentrated on politics and institutions as of late, showing governmental policy becoming more accepting and traditional finance avenues like ETFs being the tail that wags the “crypto dog,” a new report concentrates on the other side of the digital coin. The National Cryptocurrency Association’s (NCA) “2025 State of Crypto” report released in May 2025 reveals that the face of crypto in America is no longer a hoodie-wearing tech bro or suit-clad Wall Street savant; it is a construction worker in Oklahoma, an artist in Chicago, a grandmother in Kansas and 55 million everyday Americans using crypto to shop, save and send money home. The Harris Poll conducted t... -
Cointelegraph.com - 14:12 Jun 12, 2025
Bitcoin adoption may benefit from continued global uncertainty until a trade agreement between the world’s two largest economies is finalized. Bitcoin’s institutional adoption is seeing a new wave of corporate investments, which stand to benefit from more global uncertainty before a trade agreement is finalized or a controversial US spending bill is passed. US President Donald Trump is pushing forward the “One Big Beautiful Bill Act,” which he says would cut as much as $1.6 trillion in federal spending. “The great, big, beautiful bill will grow the economy like it has never grown before,” Trump wrote in a Truth Social post on Thursday. “It puts put our country on the right track, plus!” Read more -
Cointelegraph.com - 13:55 Jun 12, 2025
Hong Kong Customs and Excise Department teams up with the University of Hong Kong to build a crypto tracking tool amid a rise in money laundering cases involving digital assets. Hong Kong Customs and Excise Department is partnering with the University of Hong Kong to develop a digital tool to track cryptocurrency transactions in suspected money laundering schemes. On Thursday, Assistant Commissioner Mario Wong Ho-yin said customs officials would expand collaboration with academics, regional finance professionals and law enforcement to counteract increasingly complex and borderless financial crimes. “These money laundering threats are characterized by a transnational and borderless nature, and no single agency can tackle this problem alone,” Wong said during a media briefing, according to a report by the South China Morning Post. Read more -
Cointelegraph.com - 13:14 Jun 12, 2025
Chainlink, JPMorgan’s Kinexys, and Ondo Finance completed a crosschain DvP settlement between a permissioned payment network and a public RWA blockchain. Chainlink, JPMorgan’s Kinexys and Ondo Finance completed a “first-of-its-kind” crosschain delivery versus payment (DvP) settlement between a permissioned payment network and a public testnet. The test involved Kinexys Digital Payments, a permissioned network operated by JPMorgan and Ondo Chain’s testnet, which is focused on real-world asset (RWA) tokenization, Chainlink said in a Thursday announcement. The settlement was coordinated using Chainlink’s Runtime Environment (CRE), an offchain compute layer designed for interoperable financial systems. At the center of the transaction was OUSG, Ondo’s tokenized US Treasurys fund, which was exchanged for payment via Kinexys’ platform. Read more -
Cointelegraph.com - 12:08 Jun 12, 2025
Automating crypto trades with Grok 3 might seem promising, but issues like data loss and inaccurate signals can hurt your performance in a fast-paced market. Grok 3 adjusts its predictions based on evolving market trends by analyzing real-time data patterns. Combining technical analysis with sentiment data improves accuracy; Grok 3 effectively identifies potential trade opportunities. Backtesting strategies before live trading is crucial; testing Grok 3’s prompts using historical data helps refine conditions and improve performance. Read more -
Cointelegraph.com - 11:36 Jun 12, 2025
Mercurity’s $800 million Bitcoin treasury financing plan would make the firm the 11th-largest corporate Bitcoin holder after Galaxy Digital. Mercurity Fintech Holding, a Nasdaq-listed digital fintech group building blockchain-based payment infrastructure, plans to raise $800 million to establish a Bitcoin treasury reserve as more companies adopt the cryptocurrency for strategic purposes. Mercurity plans to raise $800 million to establish a “long-term” Bitcoin (BTC) treasury reserve, which will be integrated in its digital reserve framework through blockchain-native custody, staking integrations and tokenized treasury management services, the company said in a Wednesday announcement. Mercurity said it will transition a portion of its treasury into a “yield-generating, blockchain-aligned reserve structure that reinforces long-duration asset exposure and balance sheet resilience.” Read more -
Cointelegraph.com - 11:27 Jun 12, 2025
Ether futures data shows momentum, with ETH price more than doubling since April lows, increasing the chance of a rally to $4,000 in the coming weeks. Key takeaways: Ether’s price has rallied 108% to $2,880 since April 9. ETH futures open interest hit all-time highs of $20 billion, signaling bullish sentiment. Read more -
Cointelegraph.com - 10:59 Jun 12, 2025
Outgoing FSB Chair Klaas Knot says stablecoins and ETFs are accelerating crypto’s integration into traditional finance, raising systemic risk concerns. The Financial Stability Board (FSB) is sounding the alarm on growing risks from the crypto sector, warning that interlinkages with traditional finance are nearing a critical threshold. Speaking in Madrid on Thursday, outgoing FSB Chair Klaas Knot said that while crypto does not yet pose a systemic risk to traditional finance, that status may not last much longer. “We may be approaching a tipping point here,” he said. Knot noted that entry barriers for retail investors have “dropped significantly,” particularly with the introduction of crypto exchange-traded funds. Crypto ETFs allow investors to gain exposure to digital assets without managing private keys, using crypto wallets or navigating exchanges. Read more
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