Cointelegraph.com
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Cointelegraph.com - 15:44 Jun 10, 2025
Guggenheim’s Treasury-backed fixed-income product will be available on the XRP Ledger. US investment manager Guggenheim is expanding its digital commercial paper offering through a partnership with Ripple, underscoring the growing convergence between traditional finance and crypto-native enterprises. Under the partnership, Guggenheim’s subsidiary, Guggenheim Treasury Services, will make its US Treasury-backed fixed-income asset available on the XRP Ledger, according to Bloomberg. Ripple will invest $10 million in the asset as part of the collaboration. The commercial paper product is fully backed by US Treasurys with customized maturity options of up to 397 days. Read more -
Cointelegraph.com - 15:23 Jun 10, 2025
Bitcoin is due a modest consolidation phase before taking a run at price discovery, says the latet analysis — will US inflation data help it get there? Key points: Bitcoin is due a fresh run at all-time highs, traders believe, but a corrective phase is due first. BTC price targets include $107,000, with the six-figure barrier still on the table. Read more -
Cointelegraph.com - 15:00 Jun 10, 2025
While headlines proclaim the NFT market’s demise, NFTs are quietly shifting from speculative assets to essential digital infrastructure. NFTs are moving beyond speculation to underpin gaming, AI and Web3. Opinion by: Charu Sethi, president of Unique Network Some argue that NFTs are dead. Others are holding out for the speculative art boom to return with the next market cycle. Both assumptions miss the reality. NFTs are neither obsolete nor poised for another speculative hype wave. What’s unfolding instead is likely the most important phase in their evolution: where NFTs are transitioning into core digital infrastructure underpinning gaming, AI and machine-driven applications. There are clear signs that NFT utility is replacing speculation, and the trend is holding. According to DappRadar, in Q1 2025, NFT trading volume dropped 24%, but sales declined only by 10%, pointing to lower average prices rather than user exit. AI and social DApps — with the potential to leverage NFTs for agent identity, assets, crede... -
Cointelegraph.com - 14:45 Jun 10, 2025
Cybercriminals hijack or impersonate trusted X accounts to post phishing links that lead users to fake sites or malicious smart contracts designed to steal crypto. Hackers often hijack trusted accounts or create fake ones to post phishing links that look legitimate. If you use X regularly, you’ve probably seen a giveaway post or a “limited-time airdrop” link that seems to come from a trusted source. This is exactly what scammers rely on. They either break into verified accounts or impersonate big names in crypto. Then they publish posts urging you to click a link and connect your wallet. Read more -
Cointelegraph.com - 14:30 Jun 10, 2025
Now Musk is out of DOGE, analysts say he might pump Dogecoin again. Plus what do crypto futures and prediction markets tip will happen next? Welcome to Trade Secrets. This month, were talking to top crypto analysts about where Bitcoin and other major cryptocurrencies are going in the year ahead and checking the options data and prediction markets. Santiment analyst Maksim Balashhevich says now that Elon Musk is no longer working for the White House, he has time for more pro-Dogecoin antics, meaning another price rally could be on the horizon. The fact that Musk and Trump are now fighting opens up the potential for Musk to return to his old crypto playbook, says Balashhevich. Read more -
Cointelegraph.com - 14:21 Jun 10, 2025
Decentralized exchange aggregator 1inch claims up to 6.5% better swap rates after its latest update. Decentralized exchange (DEX) aggregator 1inch has deployed an update for its price route discovery algorithm, claiming up to 6.5% better swap rates. In a June 10 announcement shared with Cointelegraph, 1inch claims its “Pathfinder” upgrade results in better swap rates, while also making them faster and more seamless. The new algorithm consolidates specific swap steps and maximizes the use of concentrated liquidity, promising better gas efficiency. A 1inch representative said the team hopes the gas efficiency improvements will decrease the barrier to entry for retail investors. “This can encourage more frequent usage and build trust in DeFi platforms, making DeFi more accessible,” they said. Read more -
Cointelegraph.com - 14:01 Jun 10, 2025
Haun Ventures general partner Diogo Monica claims that stablecoins are safer than commercial bank deposits, but critics warn of transparency issues with issuers like Tether. Stablecoins may be safer than deposits held at commercial banks, according to Diogo Monica, general partner at Haun Ventures. Speaking during a panel discussion titled “Stablecoins: Programmable Money in a Digital World” at the Proof of Talk conference in Paris on June 10, Monica said that many stablecoins are backed by reserves held at globally systemically important banks (G-SIBs) or in short-term US Treasury bills, which he views as more secure than commercial bank deposits. “It’s actually much better than having a dollar in a commercial bank,” Monica said. Read more -
Cointelegraph.com - 14:00 Jun 10, 2025
The case for holding Bitcoin on a firm’s balance sheet is compelling, CoinShares’ Butterfill told Cointelegraph, and “the pace of adoption is accelerating.” Strategy became the first publicly traded company to adopt Bitcoin as its primary treasury reserve asset in August 2020, but not many major tech firms have followed since. Treasury reserves, sometimes called cash reserves, are held by corporations to fund short-term or emergency obligations. These are typically cash or cash equivalents like money market funds or three-month US Treasury bills. The social media giant Meta keeps $72 billion in liquid assets in its reserve. But at its annual meeting on May 28, shareholders turned back a proposal to assess whether Bitcoin (BTC) might qualify as a future treasury reserve asset. The proposal was dismissed by a ratio of 1,221 to 1. Read more -
Cointelegraph.com - 13:35 Jun 10, 2025
American Bitcoin, backed by Eric Trump and Donald Trump Jr., has quietly amassed over $23 million in BTC while preparing to go public via a Gryphon merger. American Bitcoin, a Bitcoin mining firm backed by President Donald Trump’s two eldest sons, Eric Trump and Donald Trump Jr., has quietly built up a 215 BTC reserve since its April 1 debut. The company, formally known as ABTC, is positioning itself not just as another mining venture but as a long-term accumulator of Bitcoin (BTC), it disclosed in a June 6 filing with the US Securities and Exchange Commission (SEC). The stash, currently worth over $23 million, was not previously disclosed. “ABTC considers its reserve a core strategic asset, managed adaptively to support balance sheet strength with a view to enhancing long-term stockholder value,” the firm stated. Read more -
Cointelegraph.com - 13:30 Jun 10, 2025
Cointelegraph and Audius are launching a remix contest to spotlight how decentralized platforms are empowering artists and redefining creative ownership to reshape the music industry. As streaming platforms dominate music distribution, artists have increasingly found themselves sidelined and earning fractions of pennies per play, all while relying on centralized platforms to reach fans. However, in a corner of the digital world, a new wave of creators, developers and platforms are exploring how Web3 tools can offer an alternative. Decentralized, Web3-native music platforms have emerged in recent years to offer artists more control over their content, more direct access to their audiences and better monetization models. Read more -
Cointelegraph.com - 13:20 Jun 10, 2025
The mysterious $300 million leveraged Bitcoin long comes days after Wynn’s second $100 million leveraged Bitcoin position was liquidated, causing a near $25 million loss. A mystery investor has opened a $300 million leveraged Bitcoin position, fueling speculation around their identity. The unknown whale, or large cryptocurrency holder, opened a 20x leveraged Bitcoin (BTC) long position worth over $308 million at the entry price of $108,100, Hypurrscan blockchain data shows. The position currently shows an unrealized profit of more than $4 million and faces liquidation if Bitcoin drops below $105,780. Read more -
Cointelegraph.com - 12:47 Jun 10, 2025
Strategy Inc vs. IBIT: Best Bitcoin Proxy Stock in 2025? When investors want exposure to Bitcoin without actually holding it, they often turn to what’s known as a Bitcoin proxy stock. These are equities or funds that mirror Bitcoin’s price movements, offering a way into the crypto market through traditional finance. Two of the most prominent examples today are Strategy Inc (formerly MicroStrategy) and BlackRock’s iShares Bitcoin Trust (IBIT). Read more -
Cointelegraph.com - 11:53 Jun 10, 2025
A new report from Bitget, SlowMist and Elliptic highlights the severity of deepfake scams, urging both individuals and organizations to adopt more stringent preventive measures. The rise of artificial intelligence is fueling a sharp increase in crypto-related fraud, with deepfake technology driving a surge in sophisticated scams, according to a new report. In the first quarter of 2025, at least 87 scam rings using AI-generated deepfakes were dismantled, according to the 2025 Anti-Scam Research Report co-authored by crypto exchange Bitget, blockchain security firm SlowMist, and analytics provider Elliptic. The report also reveals crypto scams reached $4.6 billion in 2024, marking a 24% increase from the year before. Nearly 40% of high-value fraud cases involved deepfake technologies, with scammers increasingly using sophisticated impersonations of public figures, founders and platform executives to deceive users. Read more -
Cointelegraph.com - 11:53 Jun 10, 2025
Bitcoin exposure may provide a lucrative financial opportunity for Apple’s stock buyback program, according to Michael Saylor. Apple, the world’s fourth-largest company by market capitalization, should buy Bitcoin (BTC) to address the poor performance of its stock buyback program, according to Strategy executive chairman, Michael Saylor. “Apple should buy Bitcoin,” Saylor said in a June 10 X post. Saylor’s comment responded to Jim Cramer’s criticism of the Apple buyback program. Read more -
Cointelegraph.com - 10:49 Jun 10, 2025
The Bank of Japan’s June meeting could trigger a Bitcoin rally if it restarts quantitative easing, as bond yield concerns push institutions toward BTC as a hedge. The Bank of Japan’s (BOJ) upcoming monetary policy meeting in June may provide the next significant catalyst for global risk assets like stocks and cryptocurrencies. The BoJ is set to take its next interest rate decision at its upcoming monetary policy meeting on June 16–17. The central bank may provide the next significant catalyst for Bitcoin (BTC) and other risk assets if it pivots to quantitative easing (QE), according to Arthur Hayes, co-founder of BitMEX and chief investment officer of Maelstrom. Read more -
Cointelegraph.com - 09:00 Jun 10, 2025
Trump’s CFTC nominee Brian Quintenz says blockchain will reshape industries beyond finance and calls for clear crypto rules to protect US leadership. Brian Quintenz, US President Donald Trump’s nominee to chair the Commodity Futures Trading Commission (CFTC), has said that blockchain is a foundational technology poised to transform much more than just finance. In prepared remarks ahead of his Senate confirmation hearing shared with Cointelegraph, Quintenz pointed out the long-term impact of blockchain and cryptocurrencies. “I view blockchain as a horizontal technology that has the potential to touch every aspect of society,” he said. Quintenz, who most recently served as the global head of policy at a16z Crypto (Andreessen Horowitz’s digital asset arm), also mentioned the importance of a comprehensive regulatory framework for crypto markets. Read more -
Cointelegraph.com - 01:50 Jun 10, 2025
Securities and Exchange Commission chair Paul Atkins also bashed the previous administration under former SEC Chair Gary Gensler and its approach to crypto. The US securities regulator is working on an “innovation exemption” to stoke the creation of more onchain products and services, according to Securities and Exchange Commission chair Paul Atkins. Atkins, a former crypto lobbyist, said during a Monday crypto roundtable led by the SEC’s crypto task force titled DeFi and the American Spirit that he has directed staff to consider a conditional exemption relief framework. These temporary exemptions would relieve firms from specific regulatory requirements to foster innovation in emerging tech sectors, provided they meet certain conditions. Read more -
Cointelegraph.com - 01:22 Jun 10, 2025
The UK Insolvency Service has hired a former police investigator to help creditors recover cryptocurrency from failed companies and criminal cases. The UK Insolvency Service has appointed its first crypto intelligence specialist to help recover crypto from bankruptcy and criminal cases. Andrew Small, a former police investigator with a background in economic crime, will lead efforts to trace and reclaim crypto assets that haven’t been accounted for in those proceedings, according to a June 9 statement from the Insolvency Service. It comes as the number of crypto-related insolvency cases in the UK has risen by 420% over the last five years, while the estimated value of crypto assets identified in insolvency cases has increased 364 times to 523,580 British pounds ($709,500) over the same time frame. Read more -
Cointelegraph.com - 23:38 Jun 09, 2025
Evita Pay founder Iurii Gugnin has been accused of using sanctioned Russian banks to launder millions into the US, with the funds used in part to undermine American interests. A crypto founder has been arrested in New York for allegedly using his crypto firm, Evita Pay, to funnel around $530 million into the US from sanctioned Russian banks to help Russians access highly sensitive American technology. Iurii Gugnin was hit with a 22-count indictment and will face charges related to wire and bank fraud, money laundering and operating an unlicensed money transmitting business, among others, the US Department of Justice said on Monday. If convicted, Gugnin could spend life behind bars. It’s the latest case involving the use of crypto to attempt to bypass sanctions and launder funds. Read more -
Cointelegraph.com - 22:25 Jun 09, 2025
Paul Atkins called the right to self-custody a “foundational American value” when addressing regulators and industry leaders discussing DeFi. US Securities and Exchange Commission (SEC) Chair Paul Atkins took aim at the previous administration’s crypto policies in the regulator’s latest roundtable event exploring digital asset regulation. In a Monday event led by the SEC’s crypto task force titled “DeFi and the American Spirit,” Atkins said the prior administration, suggesting the agency’s stance on digital assets under former chair Gary Gensler, took a heavy-handed approach through the courts. He added that the SEC’s policies on staking as a service provider needed congressional approval to have lasting authority, and touted self-custody as a “foundational American value.” “I’m in favor of affording greater flexibility to market participants to self-custody crypto assets, especially where intermediation imposes unnecessary transaction costs or restricts the ability to engage in staking and other onchain acti...
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