Cointelegraph.com
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Cointelegraph.com - 19:43 Jun 24, 2025
Mayor Eric Adams criticized Andrew Cuomo’s approach to crypto as New York governor, as voters in the Democratic primary prepare to choose their candidate for the November election. New York City Mayor Eric Adams criticized Democratic mayoral candidate and former Governor Andrew Cuomo as residents prepared to vote in the party’s primary election. Speaking at the Permissionless conference in Brooklyn on Tuesday, Adams said that under Cuomo’s governorship, New York State “dismantled and destroyed the industry,” describing the former governor’s actions as “wrong” and “misguided” on digital assets. The mayor, running for reelection as an independent candidate, said he planned to set up a city council to advocate for crypto policies in state government, and “build out the pipeline” to pay for city services using crypto and by introducing digital asset education in schools. Read more -
Cointelegraph.com - 19:11 Jun 24, 2025
Ether bounced 17% from its recent low, but data shows pro traders unwilling to flip bullish on ETH. Key takeaways: Ether surged to $2,470, but futures and options data show weak bullish conviction from traders. Despite spot ETH ETF inflows, low network fees and rising competition weigh on Ether’s price outlook. Read more -
Cointelegraph.com - 19:02 Jun 24, 2025
The integration comes with help from several Web3 companies, whose technologies offer a compliant user experience. Chainlink, a company that provides a decentralized oracle network, has partnered with payments provider Mastercard to allow the credit card company’s three billion cardholders to buy crypto onchain. The integration could spur crypto adoption by providing a new avenue for people without Web3 exposure to gain experience with digital assets. The integration is made possible through a series of partnerships with Web3 entities, including Shift4 Payments, Swapper Finance, XSwap and ZeroHash, a crypto and stablecoins infrastructure company that will provide the onchain service and liquidity enabling customers to convert fiat currency to crypto. “The current version of the application available at Swapper Finance is non-custodial and leverages account abstraction to provide users with simplicity and control,” a Chainlink Labs spokesperson told Cointelegraph. “It was important that this solution was built... -
Cointelegraph.com - 17:22 Jun 24, 2025
The US Senate Banking Committee’s digital assets subcommittee will hear testimony from former CFTC Chair Rostin Behnam and lawyers at Coinbase and Multicoin Capital. Update (June 24 at 7:25 pm UTC): This article has been updated to reflect Elizabeth Warren’s role on the Senate Banking Committee. On Tuesday, the US Senate Banking Committee’s digital assets subcommittee is scheduled to hear testimony from former regulators and industry leaders in consideration of legislation to establish a digital asset market structure framework. In prepared testimony for the Tuesday hearing, former Commodity Futures Trading Commission (CFTC) Chair Rostin Behnam said the regulator’s “current trajectory [was] not sustainable” without addressing gaps for cryptocurrencies. He suggested that lawmakers consider market structure requirements focusing on “customer protections, avoidance of conflicts of interest, and market resiliency.” Read more -
Cointelegraph.com - 15:56 Jun 24, 2025
Shelby launches amid surging demand for cloud services, driven by the rapid growth in global data storage needs. Aptos Labs and Jump Crypto have introduced a cloud-based storage network tailored for Web3 and decentralized applications — a system its creators say rivals traditional cloud services. Unveiled on Tuesday, the network — called Shelby — is a globally distributed platform powered by Aptos’ high-throughput technology. It is chain-agnostic, offering compatibility with Ethereum, Solana and other major blockchains. Shelby is built for developers who need cloud-like speed and remote access for demanding use cases, including streaming video, artificial intelligence and decentralized physical infrastructure (DePIN) applications. Read more -
Cointelegraph.com - 15:50 Jun 24, 2025
Fake orders, real chaos: Uncover how crypto spoofing bends the market, fools traders and fuels the wild side of digital asset trading. Crypto spoofing is a market manipulation tactic in crypto where traders try to mislead others by placing fake buy or sell orders to influence a cryptocurrency’s price. Picture this: A trader places a massive buy order for Bitcoin (BTC), creating the illusion of strong demand. This move might entice other traders or trading bots to jump on board, anticipating a price surge. Read more -
Cointelegraph.com - 15:30 Jun 24, 2025
Tokenized US government debt used as collateral in leveraged trading exposes crypto markets to further geopolitical and liquidity risks. The growing use of yield-bearing tokenized US Treasury products as collateral for leveraged crypto trading creates new pathways for risk transmission across markets, increasing the likelihood of cascading effects on decentralized finance (DeFi) protocols. Tokenization is the process of converting real-world assets into digital tokens on a blockchain. In the case of US Treasurys, these tokens represent onchain claims to government debt, offering an alternative comparable to money market fund shares. The current market capitalization of tokenized US Treasurys stands at nearly $7.4 billion. According to a June report from rating service Moody’s, although short-term liquidity funds are low-risk assets, they are not riskless: Read more -
Cointelegraph.com - 15:26 Jun 24, 2025
More than 220 companies now hold Bitcoin on their balance sheets. But as VanEck warns of capital erosion and GBTC’s crash proves, not all bets pay off. In recent years, an increasing number of companies has embraced Bitcoin as part of their corporate treasury strategy. This trend, initially seen as experimental, gained momentum when Strategy, a US-based software company, started converting its cash reserves into Bitcoin (BTC) back in 2020. Strategy’s move sparked widespread interest among other businesses seeking a hedge against fiat currency debasement and the potential for Bitcoin’s price appreciation. Read more -
Cointelegraph.com - 15:00 Jun 24, 2025
Blockchain’s next leap is about intelligence. Predictive infrastructure anticipates demand, erases latency and enables new levels of trust and scalability. Blockchain can become proactive and invisible. Opinion by: Constantine Zaitcev, CEO of dRPC. The future of blockchain won’t be won by whoever offers the highest transactions per second. It will be won by whoever makes it feel invisible — by turning infrastructure into something so seamless and intuitive that users never have to think about it. Predictive intelligence is what makes that possible. It’s how we move from reaction to intention; from infrastructure that merely keeps up to systems that lead the way. Read more -
Cointelegraph.com - 14:30 Jun 24, 2025
MapleStory Universe battles with cheaters, Tokyo Beast explodes on the Japan App Store, and FIFA Rivals review: Web3 Gamer The hacker problem in MapleStory Universe is getting worse, with execs issuing apologies to players for how its been handled so far. MapleStory Universe head of strategy Keith Kim said theres been an aggressive spike in attempts to exploit the game, mostly involving exploiting character skills and network tampering. These are not isolated incidents. They compromise the experience for everyone. Read more -
Cointelegraph.com - 14:16 Jun 24, 2025
Chinese blockchain company Nano Labs announced a $500 million convertible notes deal to fund a major BNB acquisition, aiming to hold up to 10% of its circulating supply. Chinese blockchain infrastructure firm Nano Labs has announced a convertible notes purchase agreement for $500 million to fund its BNB token treasury. In a Tuesday announcement, the company said it plans to acquire up to $1 billion worth of Binance’s BNB (BNB) token through a combination of convertible promissory notes and private placements. As part of the initiative, Nano Labs will also assess BNB’s security and value. “Over the long term, Nano Labs aims to hold 5% to 10% of BNB’s total circulating supply,“ the company said in the statement. Read more -
Cointelegraph.com - 13:53 Jun 24, 2025
If Bitcoin continues to tumble this season, it will mark its fourth consecutive summer in the red, while TradFi aims to extend its winning streak to three. Bitcoin is facing a potential fourth straight summer loss if it ends the 2025 stretch in the red, while the S&P 500 will log its third straight seasonal rally if its winning streak continues. From 2020 to 2024, the S&P 500 logged eight positive July and August performances, while Bitcoin (BTC) had six. So, while their summer trends aren’t entirely decoupled, the divergence has become clear in June. Since 2020, Bitcoin has posted just one positive June, while the S&P 500 has seen only two negative ones over the same span. A closer look at the past few years shows that Bitcoin’s summer slumps have less to do with seasonal patterns and more to do with crypto-native shocks and economic trends, such as China’s mining ban, halving cycles and post-COVID inflation. Read more -
Cointelegraph.com - 13:17 Jun 24, 2025
Hype moves fast, but real crypto innovation is quieter. Use GitHub, Discord and X to spot legitimate projects before they moon or rug. Real crypto projects show consistent GitHub activity, open development and active contributors, not abandoned repos or marketing fluff. Discord can reveal a project’s true momentum through developer interaction, roadmap updates and community-led feedback. X offers direct access to protocol founders and devs; follow conversations, not influencers, to catch real signals early. Read more -
Cointelegraph.com - 12:53 Jun 24, 2025
Digital Asset raised $135 million from Goldman Sachs, Citadel and others to scale its Canton Network and drive tokenization of real-world assets in finance. Institutional blockchain infrastructure provider Digital Asset raised $135 million from investors including Goldman Sachs and Citadel. According to a Tuesday announcement, Digital Asset raised $135 million in a strategic funding round led by DRW Venture Capital and Tradeweb Markets, with participation from financial heavyweights including Goldman Sachs, Citadel Securities, BNP Paribas and the Depository Trust & Clearing Corporation. Crypto-focused backers included Paxos, Polychain Capital and Circle Ventures. Digital Asset said the funding is intended to accelerate the adoption of institutional and decentralized finance on its Canton Network. Read more -
Cointelegraph.com - 12:28 Jun 24, 2025
Trump may issue an executive order to protect crypto firms from banking discrimination, ending what some call Operation Chokepoint 2.0, according to The Wall Street Journal. US President Donald Trump’s administration is reportedly considering an executive order aimed at preventing banks from cutting off services to politically unfavorable industries, including cryptocurrency firms, according to a Tuesday report from The Wall Street Journal, citing unnamed sources. The move would come in response to allegations that some banks have denied services to tech and crypto entrepreneurs as part of a coordinated debanking campaign critics have dubbed “Operation Chokepoint 2.0.” At least 30 technology and cryptocurrency founders were reportedly denied access to banking services during the administration of former President Joe Biden. Read more -
Cointelegraph.com - 12:10 Jun 24, 2025
Bitcoin bullish catalysts are multiplying amid a Middle East ceasefire and new hopes of an earlier-than-expected Fed rate cut. Key points: Bitcoin holds Middle East ceasefire gains as $103,000 becomes the new area of interest for “buying the dip.” Institutional BTC inflows hold firm despite geopolitical uncertainty. Read more -
Cointelegraph.com - 11:54 Jun 24, 2025
Japan’s FSA proposed classifying crypto as financial products, potentially allowing ETFs and a flat 20% capital gains tax. Japan’s Financial Services Agency (FSA) proposed a sweeping reclassification of cryptocurrencies that would clear a path for the launch of crypto exchange-traded funds (ETFs) and introduce a flat 20% tax on digital asset income. The proposal, introduced on Tuesday, suggests recognizing crypto as “financial products” under the scope of the Financial Instruments and Exchange Act (FIEA), the same regulatory framework that governs securities and traditional financial products. The proposed reclassification could also shift Japan’s current progressive tax system, which taxes crypto gains at rates up to 55%, to a uniform 20%, mirroring the treatment of stocks. That change could make crypto investing more attractive to both retail and institutional players. Read more -
Cointelegraph.com - 11:17 Jun 24, 2025
Circle’s eighth-largest holder, ARK Invest, continued offloading CRCL shares on Monday amid the stock briefly topping at $299. Cathie Wood’s investment company ARK Invest has continued dumping Circle shares after selling 1.25 million CRCL shares last week for about $243 million. ARK sold another 415,844 Circle shares from its funds for $109.6 million on Monday, according to a trade notification seen by Cointelegraph. The transactions marked the fourth Circle dump by ARK since the asset manager started offloading CRCL shares on June 16, just 11 days after Circle’s public launch on the New York Stock Exchange (NYSE). Read more -
Cointelegraph.com - 11:07 Jun 24, 2025
The US Federal Housing Finance Agency is reviewing whether crypto holdings like Bitcoin could be used to qualify for mortgages. The United States Federal Housing Finance Agency (FHFA) will study whether cryptocurrency holdings could be considered in mortgage qualification assessments. In a Tuesday X post, US FHFA Director William Pulte — who was nominated by President Donald Trump — said the agency is examining cryptocurrencies. “We will study the usage [of] cryptocurrency holdings as it relates to qualifying for mortgages,” he said. The FHFA sets the rules for US government-sponsored enterprises, the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation. If the agency allows borrowers to list Bitcoin (BTC), stablecoins or other tokens as eligible assets, it would integrate the asset class deeply into traditional finance. Read more -
Cointelegraph.com - 10:38 Jun 24, 2025
Turkey’s Finance Ministry plans new rules requiring crypto platforms to collect source and purpose data, with limits on stablecoin transfers. Turkey is preparing to impose stricter regulations on crypto transactions to combat money laundering and financial crime, according to information obtained by the state-run Anadolu Agency (AA). Under the proposed measures, crypto platforms will be required to collect detailed information on the origin and purpose of every transfer. Users will be required to provide a transaction description of at least 20 characters for each transfer, AA said in a Tuesday report. In addition to transaction descriptions, platforms will be required to apply holding periods on crypto withdrawals when the Travel Rule does not apply. These include a 48-hour delay for most withdrawals and a 72-hour delay for the first withdrawal from any account. Read more
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