Cointelegraph.com
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Cointelegraph.com - 22:26 Jun 18, 2025
According to the Telegram founder, France’s political leaders continue to make poor choices regarding censorship. Telegram founder Pavel Durov warned that France may experience a societal collapse if it continues down its current political trajectory of censorship and regulatory policies during an interview on Wednesday. “Emmanuel Macron isn’t making the right choices. I’m very disappointed. France is getting weaker and weaker,” Durov said in a translated excerpt from an interview with French outlet Le Point. Durov added: When we delay necessary reforms too long, we end up experiencing a collapse,” the Telegram founder continued, warning that France was losing talent to other jurisdictions like Dubai. Read more -
Cointelegraph.com - 21:45 Jun 18, 2025
Justice Department officials did not go into great detail regarding the investment scam, but said that more than 400 suspected victims had lost millions of dollars. Officials with the US Department of Justice announced the seizure by the Secret Service of more than $225 million “linked to cryptocurrency investment scams.” In a Wednesday notice, the DOJ said it had filed a civil forfeiture complaint against more than $225.3 million in cryptocurrency. In the US legal system, such complaints are filed against the assets themselves rather than parties connected to them. According to US officials, the crypto at issue was involved in money laundering from victims of fraudulent investment schemes. Interim US Attorney for the District of Columbia and former Fox News host Jeanine Pirro said officials planned to make victims of the schemes whole again using the funds. While unclear on details regarding the investment scam, the complaint alleged that more than 400 suspected victims had fallen for fake crypto schemes, re... -
Cointelegraph.com - 21:21 Jun 18, 2025
The fundraising comes as the company faces declining revenue and seeks to expand in the US to hedge against potential trade tensions. Bitdeer Technologies Group, a Bitcoin mining company based in Singapore, announced the offer of $330 million in senior convertible notes to support multiple initiatives, including data center expansion and further development of ASIC-based mining rigs. According to the announcement, the convertible notes will be due in 2031. Of the total, $130 million will be allocated to a zero-strike call option transaction, while $36 million will be used to settle concurrent note exchange transactions. The remaining proceeds will go to expand the company’s operations. The new offering follows a $150 million similar debt raise in August 2024. Read more -
Cointelegraph.com - 20:01 Jun 18, 2025
Officials reported that scammers had used crypto to pay for fake digital asset investment ads on social media platforms, leading to more than $1 million in losses for victims. New York officials reported an investigation resulting in the recovery of $140,000 and freezing $300,000 in stolen funds as part of a cryptocurrency investment scam using fake ads on social media. In a Wednesday notice, authorities with the Brooklyn District Attorney’s office, the New York State Attorney’s office and the New York State Department of Financial Services said they had disrupted a scheme to defraud members of the Russian community in the state and nationwide. According to officials, the scammers used cryptocurrency to pay for fake digital asset investment ads on Facebook and other platforms, leading to the seizure of $140,000 and freezing $300,000 worth of crypto. Read more -
Cointelegraph.com - 19:55 Jun 18, 2025
The “ancient” Bitcoin cohort is growing faster than the amount of new coins mined, and with institutional flows accelerating, the path to $1 million BTC is starting to take shape. Key takeaways: The number of Bitcoin held for over 10 years is increasing faster than new coins are mined—550 BTC/day versus 450 issued BTC/day. 17% of BTC is already considered illiquid, and projections suggest up to 30% by 2026. Read more -
Cointelegraph.com - 18:40 Jun 18, 2025
Ethereum staking yields are falling as yield-bearing stablecoins and DeFi protocols offer more competitive returns. Can ETH regain the upper hand in the yield wars? Key takeaways Ethereum’s staking yield dropped under 3%, putting it behind many DeFi and RWA protocols. Yield-bearing stablecoins like sUSDe and SyrupUSDC now offer 4–6.5% returns and are rapidly gaining market share. Read more -
Cointelegraph.com - 18:31 Jun 18, 2025
China has been looking to challenge the US dollar’s reserve status and wants to expand the digital yuan’s reach to include domestic and international payments. China’s central bank chief Pan Gongsheng has pledged to expand the footprint of the digital yuan, reaffirming the country’s vision for its central bank digital currency (CBDC). According to a Reuters report, China is creating an international operations center in Shanghai for the digital yuan, also known as e-CNY. Pan made the remarks at the Lujiazui Forum, a professional forum for high-profile local and international finance regulators and executives. China envisions a “multipolar” currency system where multiple currencies support the global economy, Pan said. This vision contrasts with the current system, where a few currencies, like the US dollar and the euro, play large roles in the global financial system. Read more -
Cointelegraph.com - 18:05 Jun 18, 2025
The move will lower collateral requirements to access leverage for crypto trading due to the relatively stable value of US government debt. Crypto derivatives exchange Deribit and spot exchange Crypto.com are accepting BlackRock's tokenized US Treasury fund as trading collateral for institutional and experienced clients. The move will allow institutional traders to use a low-volatility, yield-bearing digital instrument as collateral for their accounts, lowering the margin requirements for leveraged trading, according to Forbes. Coinbase, one of the world’s biggest exchanges by trading volume, announced a $2.9 billion deal to acquire Deribit in May 2025. Read more -
Cointelegraph.com - 17:36 Jun 18, 2025
Bitcoin sell pressure ramps up as traders anticipate today’s FOMC results. Could BTC price fall to $100,000? Key points: Bitcoin has held above $104,000, but sustained selling could sink the price to $100,000. Most major altcoins remain range-bound, but a few are threatening to break below the support levels. Read more -
Cointelegraph.com - 17:30 Jun 18, 2025
The initial purchase of more than 187 BTC was part of a larger strategy to “substantially increase its Bitcoin holdings,” according to Prenetics. The individual who helped “orange-pill” US President Donald Trump has become part of the advisory team for a healthcare company establishing a Bitcoin reserve strategy. In a Wednesday notice, Hong Kong and US-headquartered health services company Prenetics said it would follow the example set by Strategy and invest $20 million into Bitcoin (BTC). According to the company, it secured roughly 187 BTC at an average price of $106,712 per Bitcoin using a Kraken custody account. “Prenetics plans to substantially increase its Bitcoin holdings and aims to become one of the largest healthcare corporate Bitcoin holders globally,” the announcement said. Read more -
Cointelegraph.com - 17:20 Jun 18, 2025
Polygon co-founder Jordi Baylini continues to serve Polygon in an advisory capacity. Polygon co-founder Jordi Baylina has spun off a new zero-knowledge project called ZisK — an independent initiative aimed at supporting multiple programming languages and accelerating the adoption of decentralized technologies. ZisK is a fully open-source zero-knowledge virtual machine (zkEVM) stack initially developed at Polygon, the new company said in a Wednesday social media post. Baylina said his main focus will shift to developing ZisK, but he will continue to serve Polygon in an advisory role. The Baylina-led spinoff will house seven additional developers, described as the “core minds behind the Polygon zkEVM prover.” According to ZisK, the development team has worked together for at least three years. Read more -
Cointelegraph.com - 17:00 Jun 18, 2025
Co-founder and new CEO Sandeep Nailwal opens up about dissolving Polygon’s board, closing zkEVM and why claiming sole leadership is the network’s best shot at relevance. Polygon co-founder Sandeep Nailwal is charting a new course for the network, backing a singular leadership model as essential to its future. In an interview with Cointelegraph, Nailwal said the shift away from board-led governance isn’t just a structural change but a strategic response to inefficiencies that have slowed Polygon’s momentum. On June 11, he announced he would take over as CEO of the Polygon Foundation, describing the decision as necessary to bring “clear direction and focused execution” to the project’s next chapter. Read more -
Cointelegraph.com - 16:47 Jun 18, 2025
Blockchain has already played a role in protecting consumers against food fraud, but there are lessons to be learned before it starts to truly pay off. Food fraud siphons up to $50 billion from the global food industry every year and endangers public health. When deployed rigorously and realistically, blockchain could prevent this shadowy crime. The problem? It comes with a high price tag. Scalability, cost, interoperability and integration pose significant barriers. Not to mention the privacy concerns, regulatory uncertainty and long path to stakeholder adoption. But food fraud isn’t going anywhere. As David Carvalho, CEO of Naoris Protocol, observed: Read more -
Cointelegraph.com - 15:00 Jun 18, 2025
Despite a relentless campaign from institutional powerbrokers like Senator Elizabeth Warren, the US Senate advanced the GENIUS Act, marking a watershed moment for stablecoin regulation and exposing the limits of establishment resistance. Opinion by: Zachary Kelman, attorney In 2021, Crypto-America was in the doldrums. Senator Elizabeth Warren and her loyal SEC enforcer, Gary Gensler, unleashed a blitzkrieg against crypto, bombarding platforms with lawsuits and pushing legislation so heavy-handed that many feared it would cripple America’s burgeoning crypto industry. The pièce de résistance of regulatory absurdity arrived as a poison pill in the 2021 Infrastructure Investment and Jobs Act (IIJA) — the notorious “DeFi Broker Rule.” Under this provision, protocols and node operators were given the Kafkaesque requirement of collecting the names and addresses of every wallet holder on their blockchains. Read more -
Cointelegraph.com - 14:59 Jun 18, 2025
Trump offers light relief for Bitcoin price action while calling Fed Chair Jerome Powell a "stupid person" with interest-rate cut hopes absent. Key points: Bitcoin sees light relief as US President Trump reveals that Iran had been in touch. Trump calls Fed Chair Jerome Powell “stupid” as markets see no chance of an interest-rate cut at the June 18 FOMC meeting. Read more -
Cointelegraph.com - 14:50 Jun 18, 2025
A fake post from the Paraguayan president’s X account claimed Bitcoin was now legal tender, triggering a sharp 4% price spike. At around 00:53 GMT on June 10, 2025, the verified X account of Paraguayan President Santiago Peña posted something that set the crypto world buzzing. The now-deleted tweet stated that Paraguay had officially approved Bitcoin as legal tender. It added that President Peña had signed into law a $5 million Bitcoin (BTC) reserve and bond access for crypto-enabled citizens. It also contained a wallet address prompting users to stake BTC. Read more -
Cointelegraph.com - 14:48 Jun 18, 2025
USDC, a US dollar-pegged stablecoin by Circle and Coinbase, is set to become a collateral for US futures trading as part of a joint effort by Coinbase Derivatives and Nodal Clear. Coinbase Derivatives is expanding its partnership with clearinghouse Nodal Clear to bring Circle’s USDC stablecoin into US futures markets as eligible collateral. On Wednesday, the companies announced that USDC will now be accepted as collateral for margined futures trading, a move designed to encourage stablecoin adoption in regulated derivatives markets. The integration is subject to approval by the Commodity Futures Trading Commission (CFTC), with Coinbase Derivatives and Nodal Clear working with the authority to bring USDC to the US futures market. Read more -
Cointelegraph.com - 14:47 Jun 18, 2025
The US Senate voted to pass the GENIUS Act, a bill regulating stablecoins, but observers believe lawmakers may have ignored stability concerns in Treasury markets. The US crypto industry is celebrating as the GENIUS Act, a framework for stablecoin regulation, was passed in the US Senate on June 17. The bill passed 68-30 in a bipartisan effort, roughly six weeks after Tennessee Senator Bill Hagerty introduced it to the Senate. It will now head to the House of Representatives, where Congress must reconcile it with the House’s own STABLE Act, which also seeks to regulate stablecoins. The act holds a number of provisions, from rules for issuers, Anti-Money Laundering measures and mandatory 1:1 backing of stablecoins with reserves like US dollars and short-term Treasury securities. Read more -
Cointelegraph.com - 14:30 Jun 18, 2025
Bitcoin purists are sounding the alarm as Wall Street suits pile into their beloved ecosystem. But who’s set to change: Bitcoin or TradFi? At a recent Bitcoin conference in Las Vegas, there were so many government and TradFi attendees that Bitcoin purists are starting to worry theyre losing their peer-to-peer digital cash system to the suits. From BlackRocks initial move for a spot Bitcoin exchange-traded fund in the summer of 2023 to US President Donald Trumps embrace of crypto, all signs indicate the institutions are finally here. The years of Bitcoiners clamoring for institutional investors and pursuing price appreciation more proactively than privacy, self-custody, and other cypherpunk ideals have led to Bitcoin rapidly becoming just another TradFi instrument, Cake Wallet vice president Seth For Privacy tells Magazine. Read more -
Cointelegraph.com - 14:15 Jun 18, 2025
As Pi Network prepares for its June 28 mainnet migration, several users are facing KYC failures and wallet errors, raising concerns about the platform’s readiness for open blockchain adoption. As Pi Network prepares for its next mainnet migration wave on June 28, 2025, users are reporting a cascade of issues that threaten to derail the long-anticipated upgrade. The Pi coin migration process, designed to move tokens from the mobile app to the open Pi blockchain, is hitting major snags. Thousands of users are encountering Know Your Customer (KYC) issues, two-factor authorization (2FA) problems and wallet balance errors, even after successfully completing every step. Read more
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