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Bitvavo’s chief risk officer Jeetan Patel says the process of securing a MiCA license “progressed efficiently.” Bitvavo has become the latest crypto exchange to be granted a Markets in Crypto-Assets (MiCA) license by the Dutch Authority for Financial Markets (AFM), allowing it to operate across Europe under the new regulatory framework. Bitvavo co-founder and CEO Mark Nuvelstijn confirmed the news in a statement on Friday and expressed his full support for the MiCA process. “We fully support the core principles of MiCAR,” he said, adding: Nuvelstijn said the license provides the crypto exchange with clear guidance and confidence to operate across Europe. MiCA is designed to standardize and regulate the crypto market across Europe, focusing on investor protection, financial stability and innovation. MiCA’s licensing window opened on Jan. 1. Read more
Dwayne Golden sentenced to nearly eight years for defrauding investors in EmpowerCoin, ECoinPlus, and Jet-Coin schemes totaling over $40 million. A man at the center of a massive crypto Ponzi scheme will spend nearly eight years behind bars after a federal judge handed down a 97-month prison sentence in Brooklyn on Friday. Dwayne Golden, 57, was convicted of wire fraud and money laundering for his role in orchestrating scams through three digital asset firms, EmpowerCoin, ECoinPlus, and Jet-Coin, which defrauded investors out of more than $40 million, the Department of Justice (DOJ) announced. Federal prosecutors said Golden and his partners promised guaranteed returns from crypto trading that never took place. Instead, funds were funneled into repaying earlier investors or lining the conspirators’ pockets, classic hallmarks of a Ponzi scheme. Read more
XRP spiked on Friday after Ripple CEO Brad Garlinghouse said the company is “closing this chapter once and for all” in its legal battle with the US regulator that began in December 2020. XRP’s price jumped over 3% on Friday just hours after Ripple Labs CEO Brad Garlinghouse said the company is dropping its cross-appeal against the US Securities and Exchange Commission (SEC) and expects the regulator to do the same. “Ripple is dropping our cross-appeal, and the SEC is expected to drop their appeal, as they’ve previously said,” Garlinghouse said in an X post on Friday. XRP (XRP), the cryptocurrency associated with Ripple Labs, spiked 3.36% to $2.18 just five hours after the post, according to CoinMarketCap data. “We’re closing this chapter once and for all and focusing on what’s most important – building the internet of Value. Lock in,” Garlinghouse added. Read more
Gemini says Strategy (MSTR) is its only tokenized stock for now, with more tokenized stocks and ETFs launching in "the coming days." Crypto exchange Gemini has launched a tokenized version of Michael Saylor’s Strategy (MSTR) stock for users in the European Union, allowing them to invest in the Bitcoin-buying firm onchain. “Traditional financial rails are hard to access and in need of modernization,” Gemini said in a statement on Friday. “Tokenized stocks solve this problem by giving investors greater access with fewer restrictions,” it added. Read more
XRP whale flows flipped bullish in May after months of outflows, hinting at a potential triple-digit price rally. Key takeaways: XRP’s 90-day moving average of whale flows turned positive in May, hinting at renewed interest and a potential breakout setup for Q4. Wallets holding over 1 million XRP hit an all-time high, while mid-tier wallet growth rose 6.2%—signaling strong long-term holder conviction. Read more
Bitcoin trades near key support at $104,000, but weak volume, fading onchain metrics, and sticky inflation point to more price consolidation. Key takeaways: BTC is consolidating within a descending channel, but weak onchain activity suggests a lack of momentum. Rising Core inflation data (2.7%) and sticky price growth reduce the likelihood of Fed rate cuts, maintaining pressure on Bitcoin and risk assets. Read more
Hackers and threat actors continue to infiltrate companies, blockchain projects and Web3 firms by exploiting remote work arrangements. Hackers posing as legitimate information technology (IT) workers who have infiltrated Web3 projects have stolen roughly $1 million in crypto during the past week, according to onchain investigator and cybersecurity analyst ZackXBT. Several entities were impacted including Favrr, a Web3 fan-token marketplace, non-fungible token (NFT) projects Replicandy and ChainSaw, along with other teams the onchain sleuth did not name in his Friday X post. The hackers exploited the minting mechanism for the NFT projects, minting mass quantities of NFTs, selling them, and causing the price floor to drop to zero while they extracted profit, ZackXBT said. Read more
Zohran Mamdani defeated Andrew Cuomo in the Democratic primary for New York City’s mayoral election, but he’ll be competing in a field where digital assets could be an issue. Zohran Mamdani, the Democratic Party candidate for New York City mayor, will be facing a field of candidates in November, including those who have previously taken firm positions on crypto and blockchain. On Tuesday, Mamdani defeated former New York Governor Andrew Cuomo with 43.5% of the vote in New York City’s Democratic primary. The victory will put the New York State Assembly member in competition with Republican candidate Curtis Sliwa, current NYC Mayor Eric Adams, and Cuomo, who reportedly will be running as an independent candidate following the primary loss. With the exception of Mamdani, all major candidates have previously held positions favoring the cryptocurrency industry. Read more
Solana increased its DEX market share and moved ahead of Ethereum, but will SOL price follow anytime soon? Key takeaways: Solana's DEX volume surpassed Ethereum’s, but overall activity remains far below the levels seen in January. Hyperliquid's dominance in perpetual futures trading weakens investors’ confidence in Solana’s long-term lead. Read more
Aptos’ tokenized economy is being fueled by issuers such as Berkeley Square, Franklin Templeton and BlackRock. Real-world asset (RWA) tokenization on the Aptos blockchain has gained significant momentum in recent months, with the total value of onchain assets surpassing $540 million, driven by multiple deployments from traditional asset managers. The value of RWA deployments on the Aptos network has grown by 57.1% over the past 30 days, reaching $542.3 million, according to RWA.xyz data. This surge places Aptos among the top three blockchains for RWA deployment, behind Ethereum and ZKsync Era. The largest RWA issuers on Aptos are Berkeley Square of the PACT Consortium, BlackRock’s BUIDL, which expanded to Aptos last November, and Franklin Templeton’s BENJI token. Read more
Several Democratic lawmakers have said that they will not vote to pass crypto regulations if potential conflicts of interest are not addressed. US President Donald Trump didn’t answer a reporter’s question on whether he would divest from his family’s crypto ventures in order to ensure passage of key cryptocurrency legislation, saying only that if the US didn’t have crypto, China or other countries would. "Many Democrats have said that they are not going to support crypto bills in Congress only because of you and your family's personal crypto ventures," a reporter said to Trump during press briefing at the White House on Friday. Asked whether he would consider divesting from his crypto ventures to ease political pressure on digital asset bills on Congress, Trump responded: Read more
Corporations race to build Bitcoin treasuries as stablecoins gain momentum and landmark regulations take shape worldwide. The race to accumulate Bitcoin (BTC) is accelerating as corporations increasingly view the digital asset as a valuable addition to their balance sheets. Beyond publicly traded firms, private companies are joining the movement, including a Norwegian deep-sea mining company planning to acquire $1.2 billion worth of BTC. This week also marked the official unveiling of a new venture by crypto entrepreneur Anthony Pompliano, aimed at building a billion-dollar Bitcoin treasury. As Bitcoin accumulation intensifies, stablecoins are emerging as a key driver of crypto adoption. The United States is edging closer to passing landmark stablecoin legislation, South Korea is pushing banks to issue won-backed stablecoins and the rise of yield-bearing stablecoins — described by one venture executive as an “inevitability” — appears to be on the horizon. Read more
A weakening US economy and Fed rate cuts set the stage for Bitcoin’s next move, but, onchain data shows a fragile bull market missing retail demand. Could it return by fall? Key takeaways: Bitcoin spent the week fighting to hold above $107,000, but exchange inflows remain at historic lows as retail investors choose to sit on the sidelines. Stagflation becomes a real risk as US growth slows, but Fed rate cuts could fix the situation and supercharge Bitcoin price. Read more
Altcoins search for direction while Bitcoin looks on track to take a stab at new all-time highs. Key points: Bitcoin is facing selling near $108,000, but the likelihood of a break above it remains high. Several major altcoins remain in a range, but some are showing signs of breaking above their near-term overhead resistance levels. Read more
Nick van Eck, co-founder and CEO of Agora, behind one of the stablecoins Anchorage said it would phase out, claimed inaccuracies and an inconsistently applied framework. Anchorage Digital is drawing criticism from at least one stablecoin issuer after announcing plans to phase out support for three stablecoins, citing “regulatory expectations” and internal risk assessment. Nick van Eck, co-founder and CEO of Agora, criticized Anchorage’s move to remove support for stablecoins USDC (USDC), Agora USD (AUSD), and Usual USD (USD0) in a Thursday X post, claiming the decision was based on “easily verifiable and known factual inaccuracies.” He said that Anchorage failed to disclose its relationship with stablecoin issuer Paxos, which could potentially benefit from the phasing out of tokens issued by other platforms. Read more
Robinhood continues to expand its crypto services offering with micro futures contracts on leading assets. Digital brokerage Robinhood has launched micro futures contracts for Bitcoin (BTC), Solana (SOL), and XRP (XRP), giving crypto traders the ability to trade derivatives with significantly lower capital requirements. The new offering was officially unveiled in the United States on Friday, expanding on Robinhood’s existing crypto futures products for Bitcoin and Ether (ETH). Micro futures contracts are smaller versions of standard futures contracts, allowing traders to speculate on an asset’s price movements with a much lower upfront investment. Read more
The Trump family–tied decentralized finance platform has seen growing interest from institutional investors. World Liberty Financial (WLFI), a crypto platform tied to US President Donald Trump’s family, has partnered with London hedge fund Re7 to launch a USD1 stablecoin vault across Euler Finance and liquid staking protocol Lista. The partnership is part of a broader effort to expand the presence of World Liberty's USD1 stablecoin on the BNB Chain, according to Bloomberg. Lista is one of the major liquid staking platforms for the BNB (BNB) token, and its decentralized autonomous organization (DAO), which governs the platform, is backed by Binance Labs — the venture capital arm of crypto exchange Binance. Read more
In the UAE’s complex crypto landscape, founders who treat legal and regulatory structuring as a core element of their go-to-market strategy — not an afterthought — are the ones who thrive. Opinion by: Irina Heaver, crypto lawyer. Founders who treat regulatory structuring as a central part of their go-to-market strategy are the ones who thrive in the UAE. Unfortunately, many founders view licensing as an afterthought. The UAE is not a place where you can cut corners. It is, however, a place where thoughtful, well-prepared founders are rewarded with speed, clarity and access to a highly supportive ecosystem. Read more
Russian miners packed 95 crypto rigs into a KamAZ truck. The scam is now busted, but the case reveals how mobile farms exploit weak energy enforcement in remote areas. A mobile cryptocurrency mining operation involves installing mining equipment, such as application-specific integrated circuits (ASICs) or graphics processing units (GPUs), in portable units like trucks, vans or shipping containers. Mining equipment can be easily relocated to take advantage of inexpensive or unregulated electricity sources, often in remote or industrial areas. Unlike fixed mining farms, mobile setups avoid detection by frequently moving, bypassing electricity meters or directly accessing power lines. While these operations make it easier for illegal miners to participate, they create significant risks to energy infrastructure. Read more
Crypto analysts and several metrics suggest that an "altcoin season" will begin once Ether’s price breaks new all-time highs. Key takeaways: Ether’s technical breakouts suggest ETH price may hit $10,000 this cycle. Altcoin Season Index says it’s prime time to accumulate “lagging” altcoins. Read more6903 items