Cointelegraph.com
Source:
https://cointelegraph.com
Found 5759 news
-
Cointelegraph.com - 07:40 Jun 03, 2025
Revolut’s new job listing reveals plans to build a crypto derivatives business from scratch, leveraging its 50 million-strong global customer base. Update (June 3, 2025, 11:45 am UTC): This article has been updated to include comments from Revolut. Fintech giant Revolut appears to be gearing up for a move into the crypto derivatives market as a new job posting hints at plans to build the business from scratch. A recent listing for a “General Manager (Crypto Derivatives)” role shows that Revolut is actively recruiting in London, Barcelona and Dubai. The position would oversee the end-to-end launch of the derivatives platform, from product architecture and trading infrastructure to regulatory compliance and commercial strategy. Read more -
Cointelegraph.com - 06:39 Jun 03, 2025
ConSensys has acquired Web3Auth, which it says will help it improve the user experience for its popular MetaMask crypto wallet. ConSensys has acquired the crypto wallet infrastructure provider Web3Auth, which it says will bolster the user experience for its popular crypto wallet offering MetaMask. ConSensys said in a June 2 blog post that the acquisition, which it did not share further details on, “will greatly improve MetaMask user experience by addressing one of the biggest risks in self-custody today: seed phrase management.” It claimed that 35% of crypto wallet users are at risk of losing their funds as they do not keep a backup of their seed phrase — a string of up to 24 words that allows full access and control of a wallet. Read more -
Cointelegraph.com - 23:31 Jun 02, 2025
Robinhood has acquired the world’s longest-running crypto exchange, Bitstamp, for $200 million, expanding its institutional crypto offerings to Europe, the UK and Asia. Robinhood Markets, Inc. has closed a $200 million acquisition of Luxembourg-based crypto exchange Bitstamp, adding over 50 licenses and registrations and an established institutional client base to its crypto arm. The $200 million consideration was unchanged from an initial agreement in June 2024 and was paid entirely in cash, Robinhood said on June 2. Bitstamp serves over 5,000 institutional clients and 50,000 retail customers, with most of its trading volume driven by its institutional base. Read more -
Cointelegraph.com - 23:30 Jun 02, 2025
FalconX has made other moves in 2025, acquiring derivatives startup Arbelos Markets and partnering with Standard Chartered. Crypto prime broker FalconX has reportedly acquired a majority stake in Monarq Asset Management’s parent company, previously owned by bankrupt exchange FTX. According to a June 2 report from Bloomberg, the move seeks to expand the firm’s institutional client base and broaden its asset management services. Monarq Asset Management, formerly known as MNNC Group, is a Cayman Islands-registered fund. Prior to operating as MNNC, the hedge fund was known as LedgerPrime and was part of the FTX empire before the exchange’s collapse. Terms of the deal between FalconX and Monarq’s parent company were not disclosed. Read more -
Cointelegraph.com - 22:15 Jun 02, 2025
The Ethereum Foundation has restructured its core development team and reduced headcount to focus on scaling and user experience. The Ethereum Foundation (EF) has restructured its internal development group, rebranding its core research team and laying off some staff in the process. According to a June 2 announcement, the EF’s former Protocol Research & Development (PR&D) team is now simply “Protocol,” which will focus on three strategic goals: scaling Ethereum’s base layer (L1), expanding blobspace for rollups, and improving user experience (UX). “This process of “shipping protocol” is messy, asking us to respond proactively to demands that are hard to articulate and even harder to fulfill,” the EF said. Read more -
Cointelegraph.com - 21:57 Jun 02, 2025
In addition to buffering its SOL holdings, SOL Strategies added SUI to its balance sheets and decreased exposure to Bitcoin in Q1 2025. SOL Strategies, a Canadian public company focused on Solana infrastructure, reported a net loss in the second quarter even as revenue from staking and validating surged. The company, which trades on the Canadian Securities Exchange (CSE) under the ticker HODL, reported a net loss of CA$4.8 million ($3.5 million) for the second quarter of 2025, while revenue for the period surged to CA$2.54 million CAD ($1.85 million) from CA$67,000 in the same period a year earlier. SOL Strategies’ revenue growth was driven almost entirely by staking and validating income from its cryptocurrency holdings, particularly Solana (SOL) and Sui (SUI). The company earns income by operating validator nodes and receiving rewards in the form of SOL and other tokens, both from assets it self-delegates and from commissions on third-party delegations. Read more -
Cointelegraph.com - 18:42 Jun 02, 2025
Critics say the US regulator's new stance on crypto staking contradicts past enforcement efforts and court rulings, deepening confusion over how digital assets are regulated. The US Securities and Exchange Commission (SEC) is facing mounting criticism from current and former officials over its evolving stance on crypto staking services. On May 29, the SEC’s Division of Corporation Finance issued new guidance on crypto staking services, claiming that certain offerings may not constitute securities and effectively exempting proof-of-stake blockchains from registration requirements under the Securities Act. However, the SEC's fresh interpretation may diverge from several federal court rulings, according to former SEC chief of Internet Enforcement, John Reed Stark. In a statement on X, Stark argued the Commission’s latest move contradicts judicial findings in high-profile cases against crypto exchanges Binance and Coinbase, where judges previously allowed allegations that staking products qualified as securities... -
Cointelegraph.com - 17:58 Jun 02, 2025
The XAUt0 token will compete with other gold-backed stablecoins and traditional gold investment instruments. Tether announced a partnership with the TON Foundation to debut an omnichain version of its gold stablecoin XAUt (XAUT) on The Open Network (TON), in an effort to expand the token across ecosystems. The new token, “XAUt0,” was built on LayerZero’s Omnichain Fungible Token standard, which allows tokens to be transferred through blockchains without wrapping or middlechains. XAUt, the token’s non-omnichain version, is the largest gold stablecoin by market capitalization, with over $832 million, according to CoinGecko. It is closely followed by Paxos’s Pax Gold (PAXG), which holds a market cap of $811 million as of June 2. XAUt is available only on the Ethereum blockchain. Read more -
Cointelegraph.com - 16:08 Jun 02, 2025
Bitcoin is witnessing a tough battle near the $105,000 level, but the downside looks limited. Key points: Bitcoin risks a deeper correction to $100,000, but a positive sign is that Strategy and Mataplanet continue to accumulate. Ether and select altcoins are trying to bounce off their strong support levels, signaling buying on dips. Read more -
Cointelegraph.com - 15:15 Jun 02, 2025
Twenty One Capital, Securitize, aZen, Savea and Dexari headline a less active month for crypto venture capital. May was a quieter month for crypto venture capital, but notable raises by tokenization platforms and a Hyperliquid wallet indicate that dealmaking remains active. Perhaps the biggest development was the ongoing momentum for Twenty One Capital, the Bitcoin (BTC) treasury company backed by stablecoin issuer Tether, crypto exchange Bitfinex and Wall Street firm Cantor Fitzgerald. The company’s total funding reached $685 million after its backers exercised the option to purchase additional convertible bonds last month. The backers of Twenty One Capital have exercised the option to purchase an additional $100 million of convertible senior secured notes, bringing the Bitcoin treasury company’s total funding to $685 million. Read more -
Cointelegraph.com - 15:15 Jun 02, 2025
Bitcoin may be decentralized, but its price isn’t immune to the influence of whales, protocol upgrades, ETF approvals and global regulations. If anyone comes close to “moving the market,” it’s the whales. These are the investors holding thousands of BTC, often institutions, funds or OG holders from the early days. And in 2025, they’re more active than ever. The number of wallets holding over 1,000 Bitcoin (BTC) has climbed to 1,455 as of May 2025, marking a renewed wave of accumulation. Some of this growth is driven by institutional players: Strategy alone now holds over 580,000 BTC (around 2.76% of total supply), while BlackRock has added Bitcoin allocations to its iShares Bitcoin Trust ETF and related portfolios. Read more -
Cointelegraph.com - 15:00 Jun 02, 2025
When centralized infrastructure fails, entire societies are left in the dark. Recent blackouts across Europe and beyond reveal the urgent need for DePIN, empowering communities to build resilient, community-driven solutions that can withstand crises. Opinion by: Carlos Lei, co-founder and CEO of Uplink Seeing Spain, Portugal, and France go dark recently? Sure, millions lost power. It was a connectivity collapse, showing just how brittle communication lifelines become when the power dies. Don't think for a second this is just a European problem. The same script plays out all over. South Africa's endless power woes. Pakistan's massive blackout in 2023. Then there was that crazy Texas freeze in 2021. Another time, locals in Houston melted snow off their roofs into buckets just to flush toilets for an entire week. Most people were without heat in sub-zero temperatures, and power and phones were completely out. It was an unforgettable lesson about just how fragile essential systems can be. Read more -
Cointelegraph.com - 14:54 Jun 02, 2025
Bitcoin price action gets off to an uncertain start in June with traders staying cautious on which way the market will head. Key points: Bitcoin stays near its old all-time highs from late 2024 as US stocks digest increased tensions in Europe. Traders shrug off market nerves after BTC/USD drops 8% versus its latest record of $112,000. Read more -
Cointelegraph.com - 14:15 Jun 02, 2025
The SEC’s 2025 guidance aims to bring clarity and a more structured regulatory framework to the digital asset space. The US Securities and Exchange Commission’s Division of Corporation Finance (CorpFin) released a comprehensive statement on April 10, 2025, outlining what companies need to disclose when offering or registering crypto asset securities. This statement (the SEC’s 2025 guidance) aims to reduce ambiguity regarding classifications of crypto tokens under US securities laws. It updates how the Howey test is used and introduces a clearer system to tell the difference between security tokens and non-security tokens. Read more -
Cointelegraph.com - 13:58 Jun 02, 2025
Circle has increased its IPO target to $896 million amid rising investor interest, growing stablecoin adoption and a more favorable US regulatory environment. Update (June 2 at 2:42 pm UTC): This article has been updated to include a statement from Circle. Major stablecoin issuer Circle has increased its initial public offering (IPO) target to $896 million. According to a June 2 filing to the US Securities and Exchange Commission (SEC), Circle now plans to offer up to 32 million shares at an IPO price range of $27 to $28 per share, an increase from the previous offering of 24 million shares priced between $24 and $26. Read more -
Cointelegraph.com - 13:24 Jun 02, 2025
Crypto index funds and ETFs can help you earn passive income by diversifying your holdings and minimizing active trading. Crypto index funds and ETFs provide diversified exposure to digital assets, helping investors earn passive income without actively managing portfolios. Centralized and decentralized options exist, with ETFs available on stock exchanges and DeFi-native index tokens accessible via Web3 wallets. Income sources include asset appreciation, staking, DeFi yields and covered call strategies, depending on the fund’s structure — though not all funds support all these sources. Read more -
Cointelegraph.com - 13:21 Jun 02, 2025
Polygon’s NFT growth in 2025 is fueled by real-world asset marketplace Courtyard, which now rivals DraftKings in all-time sales. Polygon-based non-fungible tokens (NFTs) have surpassed the $2 billion milestone in all-time sales volume, marking a significant achievement for digital collectibles on the network. The milestone comes amid consistent growth in monthly sales over the last several months, highlighting interest and adoption within Polygon’s NFT ecosystem. CryptoSlam data shows that since November 2024, monthly sales in Polygon have been on an upward trend. The sales volume started from $16.3 million in November 2024 and increased each month, reaching nearly $20 million in December, $25 million in January 2025 and $37 million in February. Read more -
Cointelegraph.com - 12:07 Jun 02, 2025
Michael Saylor’s Strategy continued stacking Bitcoin in the last week of May, buying $75.1 million worth of BTC. Michael Saylor’s Strategy, the world’s largest corporate holder of Bitcoin, revealed its latest BTC purchases after the price briefly dropped to $103,000 last week. Strategy acquired 705 Bitcoin for $75.1 million between May 26 and 30, the company announced on June 2. The latest purchases were made at an average price of $106,495 per coin, with Bitcoin dropping from $110,000 last Monday to an intraweek low of $103,400 by the weekend. Read more -
Cointelegraph.com - 10:50 Jun 02, 2025
Binance co-founder Changpeng “CZ” Zhao proposed launching a dark pool perpetual DEX to protect large traders from front-running and MEV attacks. Update (June 2 at 3:33 pm UTC): This article has been updated to incorporate comments from Li.Fi’s Philipp Zentner and StealthEX’s Maria Carola. Binance co-founder Changpeng “CZ” Zhao proposed creating a dark pool perpetual swap decentralized exchange (DEX) to prevent market manipulation. In a June 1 X post, Zhao said that he has “always been puzzled with the fact that everyone can see your orders in real-time on a DEX.” Read more -
Cointelegraph.com - 09:54 Jun 02, 2025
XRP ledger activity has dropped sharply in the past two months, increasing the downside prospects for XRP price to drop toward $1.70. Key takeaways: XRP forms an inverted V-shaped correction pattern on the daily chart, risking a 20% drop to $1.70. A bearish divergence from the weekly RSI points to increasing downward momentum. Read more
5759 items