Cointelegraph.com
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Cointelegraph.com - 01:09 Jun 05, 2025
The Foundation backing the Ethereum blockchain has laid out a new treasury policy to ensure it allocates resources efficiently while supporting its DeFi ecosystem. The Ethereum Foundation is adopting a more structured and transparent treasury policy that ties operational costs and cash needs to its Ether reserves and sales to strengthen its financial position as it anticipates a pivotal 18 months ahead. Its annual operating cost — measured as a percentage of the EF’s treasury — and the number of years of runway will be reassessed regularly, factoring in market dynamics and community input to ensure the foundation’s short-term operations remain aligned with its long-term strategy, one of the foundation’s directors said on June 4. Hsiao-Wei Wang said the Ethereum Foundation currently only has 2.5 years before it runs out of cash, setting the stage for a crucial 18 months as it seeks to deploy resources more deliberately and provide more ecosystem support: Read more -
Cointelegraph.com - 23:03 Jun 04, 2025
USDC issuer Circle has again upsized its initial public offering above the marketed range, selling 34 million shares at $31 each. Update (June 5, 12:50 am UTC): This article has been updated to include more information about Circles’ IPO. Stablecoin issuer Circle Internet Group, Inc. has again boosted its initial public offering to $1.05 billion, pricing its shares above its previous marketed range. The USDC (USDC) stablecoin manager said on June 4 that it will now look to offer 34 million shares at a price of $31 each when it debuts on the New York Stock Exchange on June 5. Read more -
Cointelegraph.com - 21:46 Jun 04, 2025
Members in two House committee hearings debated a framework for digital assets while raising concerns about the US president using his position to profit from the industry. Leadership on the US House Financial Services Committee (HFSC) seemed like they were not going to reach common ground on how to regulate digital assets amid President Donald Trump’s potential conflicts of interest with the industry. In a June 4 hearing, committee ranking member Maxine Waters reiterated concerns that, without clarification within the bill, Trump could use the Digital Asset Market Clarity (CLARITY) Act to further “cash in” on crypto. The California representative cited examples of the president hosting a dinner for his top memecoin holders, who reportedly paid roughly $148 million for the opportunity to attend, and suggested that Trump could use the market structure to “put [Americans’] money in his digital wallet.” Read more -
Cointelegraph.com - 21:22 Jun 04, 2025
In some cases, the bank will look at crypto holdings when determining net worth, which may affect how much can be borrowed. JPMorgan, the largest bank in the United States by assets, plans to offer trading and wealth-management clients the option of using crypto-linked assets as collateral for loans, according to a June 4 report from Bloomberg. The bank is set to allow financing against crypto exchange-traded funds (ETFs) in some weeks. JPMorgan will begin with BlackRock’s iShares Bitcoin Trust, which, according to Sosovalue.com, is the largest US spot Bitcoin (BTC) ETF with $70.1 billion in net assets. The bank will also consider clients’ crypto holdings when assessing net worth, treating digital assets similarly to traditional ones when determining how much a client can borrow against assets. Read more -
Cointelegraph.com - 19:47 Jun 04, 2025
Roughly four months since his nomination and amid announced departures at the CFTC, Brian Quintenz’s nomination to head the financial regulator is moving forward. Brian Quintenz, a former commissioner on the US Commodity Futures Trading Commission (CFTC), may have the opportunity to chair the agency after his nomination by President Donald Trump moved to the Senate Agriculture Committee. According to the calendar of the US Senate Committee on Agriculture, Nutrition, and Forestry, Quintenz will appear for a hearing on June 10 to consider his nomination as CFTC chair. The nomination hearing follows the departures of commissioners Summer Mersinger and Christy Goldsmith Romero at the end of May, leaving the five-seat panel with only two Senate-confirmed members as of June 1. Quintenz’s potential confirmation is expected to result in a complete changeover of the CFTC’s leadership. Former chair Rostin Behnam left the agency in February, and, with the departures of Romero and Mersinger, only acting chair Caroline P... -
Cointelegraph.com - 19:10 Jun 04, 2025
The company concluded its first year of Bitcoin reserve operations with 4,449 BTC on its balance sheet. Medical tech company Semler Scientific has deepened its Bitcoin strategy, revealing a new $20 million investment for 185 BTC between May 23 and June 3. The latest acquisition brings its total holdings to 4,449 Bitcoin (BTC), purchased at an average price of $107,974 per coin. According to a June 4 filing with the US Securities and Exchange Commission (SEC), Semler’s total investment in the cryptocurrency now stands at $410 million, valued at approximately $472.9 million as of June 3. Its Bitcoin yield is up by 26.7% since it began accumulating BTC in May 2024. Semler has made regular Bitcoin purchases over the past year. The company also revealed the addition of $50 million to its Bitcoin reserve in May, after it acquired another $10 million BTC between February and April. Read more -
Cointelegraph.com - 18:45 Jun 04, 2025
According to the payments company, it had secured approval across a patchwork of regulatory regimes in individual US states allowing it to operate across the country. Cryptocurrency payments company MoonPay said it would be able to offer its service to users in all 50 US states after receiving licensing approval in New York. In a June 4 notice, MoonPay said the New York State Department of Financial Services (NYDFS) granted its US company a BitLicense and a money transmitter license. The addition of the BitLicense makes MoonPay one of 35 digital currency businesses able to operate in New York State. “With the approval of our New York BitLicense and Money Transmitter Licenses, MoonPay now holds the golden regulatory stack for crypto in the US, allowing us to directly serve customers in every single state without gaps in coverage,” said MoonPay co-founder and CEO Ivan Soto-Wright. Read more -
Cointelegraph.com - 16:01 Jun 04, 2025
Bitcoin is witnessing a tough battle between the bulls and the bears at $105,000, but several altcoins are showing strength with potential breakout setups. Key points: Bitcoin remains at risk of falling to $100,000, but the long-term picture remains intact. Focus shifts to select altcoins, which are on track to rise above their respective overhead resistance levels. Read more -
Cointelegraph.com - 15:00 Jun 04, 2025
While other countries move toward integrating crypto into their financial systems, Canada is lagging, costing the country capital, talent and competitiveness. Canada’s direction on digital asset innovation remains uncertain. Opinion by: Jillian Friedman, chief operating officer, Symbiotic Since the Canadian federal election, there’s been little clarity on where this country is heading with digital asset innovation. Crypto regulation and policy didn’t make it into any of the parties’ campaign platforms. It’s a missed opportunity at a time when Canada needs swift action about whether it wants to be a competitor in this space or simply a bystander. Early-stage investments are already showing signs of strain. Read more -
Cointelegraph.com - 14:55 Jun 04, 2025
Traders are betting big on Bitcoin soaring to $300,000 by the end of June 2025, but is this bold options strategy a smart move or a high-risk gamble? A call option gives the buyer the right but not the obligation to purchase an asset (in this case, Bitcoin) at a predetermined price before a specific date. If the market price rises above that strike price, the option becomes profitable, or “in the money.” If it doesn’t, the option expires worthless. Read more -
Cointelegraph.com - 14:49 Jun 04, 2025
President Lee Jae-myung rose from being a child laborer in post-war South Korea to becoming a crypto-friendly leader of one of the world’s largest digital asset markets. President Lee Jae-myung’s rise to South Korea’s highest office marks the return of a left-leaning populist with deep working-class roots and bold plans for institutional crypto integration. Though crypto was not directly mentioned in Lee’s inauguration speech on June 4 after the impeachment of his predecessor, Yoon Suk Yeol, Lee now leads the country with a list of crypto promises made during his campaign. His administration is expected to accelerate the integration of digital assets into Korea’s regulatory and financial systems on the back of the Democratic Party’s Digital Asset Committee. Read more -
Cointelegraph.com - 14:30 Jun 04, 2025
There are good reasons many Baby Boomers remain suspicious of Bitcoin — but even better reasons the wealthiest boomers are allocating to it. Baby boomers are the fastest-growing demographic in crypto, with their numbers doubling in the space of a year, according to a survey by Australian exchange CoinSpot. The total percentage of crypto investors over 60 remains relatively low around 4.4% but with their large retirement nest eggs and a lifetimes worth of savings, boomers have an outsized impact on markets. Former ANZ banker and payments consultant Rod Tasker, himself a baby boomer, says active crypto investors in his age bracket tend to be highly financially literate. “Even if the number is fairly low, the amount of money invested is quite likely to be higher than other demographics,” he explains. “A lot of them are quite sophisticated, they’ve already got their investment portfolios. They might have the investment property, the share portfolio, depending on risk appetite they might have got into options,” he... -
Cointelegraph.com - 14:25 Jun 04, 2025
K Wave Media announced a $500 million securities deal to fund a Bitcoin-treasury strategy, aiming to become the “Metaplanet of Korea.” South Korean entertainment company K Wave Media has entered into a securities purchase agreement worth up to $500 million to fund a Bitcoin-centric crypto treasury strategy. K Wave reached an agreement with Bitcoin Strategic Reserve KWM for the sale of up to $500 million of ordinary shares to fund its Bitcoin treasury, according to a June 4 announcement. “By embedding BTC into our core strategy, we’re reinforcing our commitment to decentralization, agility, and future-facing value creation,“ said Ted Kim, co-interim CEO of K Wave Media. Read more -
Cointelegraph.com - 14:11 Jun 04, 2025
Got scammed or worried about Bitcoin fraud? Learn how sharing your story with Chainabuse and Scamwatch can help protect you and others from falling victim. Chainabuse allows anyone to publicly share information with enforcement, helping make crypto fraud more transparent, but it’s not a confidential legal channel. Scamwatch helps raise public awareness about crypto scams in Australia and gathers reports to support national anti-scam efforts, but it does not investigate or take enforcement action. Even if funds can’t be recovered, reporting a Bitcoin scam can prevent someone else from falling into the same trap. Staying vigilant, avoiding suspicious links or promises of guaranteed returns and double-checking addresses can help protect your crypto. Read more -
Cointelegraph.com - 14:00 Jun 04, 2025
Bybit unveiled a major security overhaul following its $1.4 billion hack in February, with upgrades across audits, wallet protection and information security. Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has revealed a comprehensive security overhaul following its $1.4 billion hack in February. On Feb. 21, Bybit was hacked for over $1.4 billion in liquid-staked Ether (STETH), Mantle Staked ETH (mETH) and other ERC-20 tokens, making it one of the largest security breaches in crypto history. To bolster defenses, Bybit has implemented a three-pronged security upgrade, targeting security audits, wallet fortifications and information security improvements, according to a June 4 announcement shared with Cointelegraph. Read more -
Cointelegraph.com - 13:52 Jun 04, 2025
Hong Kong reportedly plans to permit crypto derivatives for professional investors and expand its fintech ecosystem. Hong Kong’s securities regulator aims to introduce digital asset derivatives trading for professional investors as part of a broader strategy to expand product offerings and reinforce the city’s role in the global digital asset market, local media reported. Christopher Hui Ching-yu, secretary for Financial Services and the Treasury, confirmed the move on June 4, according to a report by the English-language newspaper China Daily HK. The Hong Kong Securities and Futures Commission (SFC) said that priority will be given to sound risk management, with trades conducted “in an orderly, transparent and secure manner,” the report said. Read more -
Cointelegraph.com - 13:49 Jun 04, 2025
Crypto traders can use ChatGPT to decode crypto headlines and generate actionable trade setups — fast, flexible and surprisingly accurate (subject to human verification). ChatGPT can analyze crypto news headlines and generate actionable trade signals, helping traders make faster and more informed decisions. Well-crafted prompts are essential — the more specific your instructions, the more accurate and useful ChatGPT’s responses will be. News-based signals work best when combined with broader market context, like Bitcoin trends or altcoin momentum, for a complete trading picture. Read more -
Cointelegraph.com - 13:24 Jun 04, 2025
India-focused crypto exchange WazirX is relocating operations to Panama and rebranding its parent company as Zensui. India-serving but Singapore-based crypto exchange WazirX is moving its operations to Panama after local courts declined to approve the firm’s restructuring plan. In an email sent to its users, WazirX shared recent redacted legal documents outlining the move. One of the documents revealed that WazirX’s parent company, Zettai, will move to Panama and rebrand. “Zettai has taken steps to incorporate a subsidiary, Zensui Corporation […] in the Republic of Panama, and has been preparing for the transfer of the operations of the Platform’s cryptocurrency-related services to Zensui,“ the document said. Read more -
Cointelegraph.com - 12:55 Jun 04, 2025
Since the IBIT ETF futures are only available to accredited investors, the latest crypto developments in Russia left many retail players unimpressed. Moscow Exchange (MOEX), Russia’s largest stock exchange, launched futures trading for BlackRock’s iShares Bitcoin Trust ETF (IBIT), as the fund climbed into the world’s top 25 ETFs by assets under management (AUM). MOEX introduced a futures contract tied to IBIT on June 4, according to an announcement by the exchange. The new investment product is accessible exclusively to accredited investors, with MOEX planning to introduce qualification testing from June 23. Read more -
Cointelegraph.com - 12:23 Jun 04, 2025
The decentralized physical infrastructure network market could surge to $3.5 trillion by 2028 as AI and blockchain converge, according to a new World Economic Forum report. The growing convergence of blockchain and artificial intelligence could see the decentralized physical infrastructure network (DePIN) market soar past $3.5 trillion in the next three years, according to the World Economic Forum (WEF). DePIN merges blockchain technology with community-owned physical infrastructure to create decentralized networks where participants can contribute resources in exchange for cryptocurrency. “Currently valued at $30 billion-$50 billion with over 1,500 active projects worldwide, this relatively new sector is projected to grow to $3.5 trillion by 2028,” the report said. Read more
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