Cointelegraph.com
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Cointelegraph.com - 09:23 Jun 24, 2025
Institutional Bitcoin allocation is on the rise, while retail BTC holdings are falling in favor of altcoins with a strong ETF approval chances, such as XRP. Bitcoin exposure is increasing in cryptocurrency portfolios, driven by more innovation-friendly US crypto regulations and growing institutional adoption triggered by the introduction of spot Bitcoin exchange-traded funds (ETFs), according to a new report from Bybit. Bitcoin (BTC) accounts for about one-third of investor portfolios, or 30.95% of total assets as of May, up from 25.4% in November 2024. This makes Bitcoin the largest single asset held by cryptocurrency investors, the report said. Meanwhile, the Ether (ETH)-to-Bitcoin holding ratio plunged to a 2025 low of 0.15 at the end of April, before recovering to the current 0.27. Read more -
Cointelegraph.com - 09:00 Jun 24, 2025
Unlike Ledger’s previously released key recovery product, Ledger Recover, the new Ledger Recovery Key is always offline and doesn’t require identification. Ledger, a major provider of hardware cryptocurrency wallets, has introduced an offline tool for private key recovery to help users regain access to their crypto wallets without relying on cloud-based services or personal data. Ledger Recovery Key is an offline physical recovery tool allowing Ledger Flex or Ledger Stax users to store their private keys on a smart card with NFC connection, the firm said in an announcement shared with Cointelegraph. Unlike Ledger’s previously released key recovery product, Ledger Recover, which stores encrypted fragments of recovery phrases in cloud-based hardware security modules, Ledger Recovery Key is always offline and protected by its own PIN. Read more -
Cointelegraph.com - 22:46 Jun 23, 2025
Bitcoin bounced to $106,000 as traders bet on higher chances of Fed interest rate cuts due to tensions in the Middle East. Key takeaways: Bitcoin swiftly rebounded to $106,000, signaling firm institutional investor demand despite growing global unrest. A sharp 8% drop in Bitcoin’s hashrate raised concerns over mining stability amid Middle East tensions. Read more -
Cointelegraph.com - 21:48 Jun 23, 2025
Anchorage Digital is expanding its Porto wallet with Uniswap integration, giving institutions direct access to DeFi swaps and liquidity. Anchorage Digital is adding decentralized finance (DeFi) capabilities to its Porto wallet, enabling institutions to make swaps and access liquidity through the product. The move brings another wallet option to institutional investors. The DeFi capability is made possible through a Uniswap integration. Nathan McCauley, CEO and co-founder of Anchorage Digital, billed the integration as enabling institutions in DeFi to “move at crypto-native speed — without compromising security.” Among the company’s Porto wallet clients are Maple Finance, the Sui Foundation and decentralized exchange dYdX. Other companies that have rolled out institutional wallets or platforms include Blockdaemon, Fireblocks, Consensys and Fordefi. Read more -
Cointelegraph.com - 21:16 Jun 23, 2025
Trump Media’s recently announced $400-million buyback plan will not alter its strategy of using $2.3 billion to invest in Bitcoin, according to the company. Trump Media and Technology Group, the company that owns the Truth Social platform, said its $400-million share buyback program will not affect its plans to create a Bitcoin treasury. In a Monday notice, US President Donald Trump's media company said its board of directors had authorized the repurchase of up to $400 million in common stock. The stock buyback does not impact the company's strategy to establish a Bitcoin (BTC) treasury using more than $2 billion in funds, it said. The media group initially denied reports that it was planning to raise roughly $3 billion to invest in cryptocurrency, but later confirmed a $2.5-billion capital funding to purchase Bitcoin. According to the Monday notice, Trump Media’s Bitcoin strategy “featured a private placement offering of approximately $2.3 billion in the aggregate.” Read more -
Cointelegraph.com - 20:20 Jun 23, 2025
Shares of the stablecoin issuer account for roughly 13% of the MVDAPP, said VanEck’s Mathew Sigel. Shares of Circle Internet Group (CRCL) hold the largest weighting in VanEck’s digital asset corporate index, highlighting the stablecoin issuer’s growing influence in the crypto economy. Circle stock makes up 13% of the MVIS Global Digital Assets Equity Index (MVDAPP), which was developed by a VanEck subsidiary to track the performance of the largest and most liquid companies in the crypto sector. That marks an increase from around 11% on Friday. Investors can gain exposure to MVDAPP through VanEck’s Digital Transformation exchange-traded fund (ETF), which aims to track the index “as closely as possible,” according to the firm’s prospectus. Read more -
Cointelegraph.com - 19:59 Jun 23, 2025
The proposed bill from Senator Adam Schiff followed similar legislation in the House of Representatives from Maxine Waters in response to the president's memecoin dinner. California Senator Adam Schiff and nine other Democratic lawmakers have introduced legislation to prevent what they called “financial exploitation of digital assets” by the US president and other public officials. In a Monday announcement, Schiff and several Democratic senators said they had introduced the Curbing Officials’ Income and Nondisclosure, or COIN, Act, in response to US President Donald Trump’s connections to the cryptocurrency industry. The proposed legislation followed Trump’s disclosure of $57.4 million in income tied to World Liberty Financial (WLF), the crypto platform backed by members of his family. “President Donald Trump’s cryptocurrency dealings have raised significant ethical, legal and constitutional concerns over his use of the office of the presidency to enrich himself and his family,” said Schiff. “That’s why I am ... -
Cointelegraph.com - 19:46 Jun 23, 2025
HYPE is up 300%, and Hyperliquid leads the DEX perp market. But with a $38B valuation and just 21 validators, some question whether the rise is sustainable. Key takeaways: HYPE has surged over 300% since April, driven by growing usage of the Hyperliquid exchange and rising investor interest. Hyperliquid now leads the decentralized perpetuals market, processing over 70% of DEX perp volume. Read more -
Cointelegraph.com - 19:36 Jun 23, 2025
The company’s CEO described the stock tokenization as a “DeFi Lego block,” suggesting it serves as a foundational piece for decentralized finance adoption. Update (June 23, 2025 at 10:02 PM UTC): This article has been updated to state that Backed created the xStocks platform. DeFi Development Corp., a Solana treasury company formerly known as Janover, announced plans to tokenize its shares through a partnership with crypto exchange Kraken. According to a Monday announcement, the company will use xStocks, a tokenization platform created by Backed, to bring its shares onchain. Kraken announced a partnership with xStocks in May, promising to offer investors tokenized shares of US-listed companies such as Apple, Tesla and Nvidia to users in other regions. The platform is built on the Solana blockchain. Read more -
Cointelegraph.com - 18:54 Jun 23, 2025
Bitcoin bulls proved they are ready to buy dips to $100,000 and below. Which altcoins will follow? Key points: Bitcoin’s bounce from $100,000 shows buyers are committed to the overarching bull trend. Select altcoins have broken below respective support levels, suggesting further weakness for mid-caps in the near term. Read more -
Cointelegraph.com - 17:35 Jun 23, 2025
The digital assets subcommittee in the Senate will hold a Tuesday hearing to discuss a bipartisan effort to establish a crypto market structure. Roughly a week after the US Senate voted to pass the GENIUS Act to regulate payment stablecoins, the chamber is moving to discuss a path forward for a digital asset market structure framework. On Tuesday, lawmakers in the Senate Banking Committee’s digital asset subcommittee will hear from lawyers at Coinbase and Multicoin Capital as part of efforts to establish “bipartisan legislative frameworks for digital asset market structure.” The hearing will include testimony from Coinbase’s vice president of legal, Ryan VanGrack, Multicoin Capital’s general counsel, Greg Xethalis and University of Pennsylvania Wharton School Executive Director,Sarah Hammer. Read more -
Cointelegraph.com - 16:57 Jun 23, 2025
Roughly 240 companies now hold Bitcoin in their treasuries, nearly doubling from 124 just weeks ago. Combined, they control around 4% of the total BTC supply. Sequans Communications, a developer of IoT semiconductors and modules, has disclosed plans for a $384 million capital raise to fund its strategic Bitcoin treasury. The move comes as more companies are betting on Bitcoin (BTC) and using the world’s largest cryptocurrency as a reserve asset. According to the company, it plans to issue and sell approximately $195 million in equity and $189 million in convertible debentures, which can later be converted into shares. For the endeavor, Sequans is partnering with Swan Bitcoin, a BTC treasury management provider. “Our bitcoin treasury strategy reflects our strong conviction in bitcoin as a premier asset and a compelling long-term investment,” Georges Karam, CEO of Sequans, said in a statement. Read more -
Cointelegraph.com - 16:46 Jun 23, 2025
Bitcoin price strength gradually returns after multiweek lows as risk assets show overwhelming confidence that a long war in the Middle East will not happen. Key points: Bitcoin joins US stocks in shrugging off Middle East tensions — something analysis says shows belief that the conflict will soon end. In a surprise turn, oil and gold face losses amid a lack of interest in safe havens. Read more -
Cointelegraph.com - 15:55 Jun 23, 2025
A 30% tax on crypto profits in India is only part of the story. Traders face even bigger hurdles under the current tax regime. India’s Union Budget 2025 has made no changes in the existing tax rules for cryptocurrencies, maintaining the provisions of the Finance Act 2022 for virtual digital assets (VDAs) like Bitcoin (BTC) and Ether (ETH). Under Section 115BBH of the Income Tax Act, profits from selling VDAs are taxed at a flat rate of 30%. You can deduct only the purchase cost, with no allowance for other expenses or losses. Read more -
Cointelegraph.com - 15:47 Jun 23, 2025
According to Bloomberg, former executives at Coral Capital Holdings want to create a BNB treasury company. Crypto hedge fund executives are reportedly aiming to raise $100 million to invest in Binance’s BNB token, in a move seen as mirroring Michael Saylor’s Bitcoin treasury strategy. The effort is being led by Patrick Horsman, Joshua Kruger and Johnathan Pasch, who previously served as executives to Coral Capital Holdings, Bloomberg reported Monday. Coral Capital was a venture capital firm acquired by DNA Fund in 2024. According to Bloomberg, the executives plan to complete the fundraising this month and begin accumulating BNB (BNB) through a newly formed entity called Build & Build Corporation, which seeks to become a Nasdaq-listed company. Read more -
Cointelegraph.com - 15:10 Jun 23, 2025
As Michael Saylor’s Strategy and other whales keep buying Bitcoin, the stage may be set for a historic supply shock. With less BTC in circulation, experts are bracing for a potential supply shock. Bitcoin’s hard cap of 21 million coins has always been central to its appeal. However, by 2025, this built-in scarcity is no longer just a theoretical feature; it’s becoming a market reality. 93% of all Bitcoin has already been mined, and since the network’s fourth halving in April, which cut miner rewards in half, fewer new coins are entering circulation each day. Read more -
Cointelegraph.com - 15:02 Jun 23, 2025
The DeFi vault platform has received funding from several VCs, including CoinFund, Coinbase Ventures and Animoca Ventures. Decentralized finance protocol Veda has raised $18 million to accelerate the adoption of its vault platform, which enables asset issuers to build crosschain yield products, including yield-bearing stablecoins. The funding round was led by venture capital firm CoinFund, with additional participation from Coinbase Ventures, Animoca Ventures, BitGo, Mantle EcoFund, GSR, Relayer Capital, PEER VC, Draper Dragon, Credit Neutral, Neartcore and Maelstrom, the company disclosed Monday. Veda’s angel investors include the co-founders of Anchorage, Ether.Fi and Polygon. Read more -
Cointelegraph.com - 15:00 Jun 23, 2025
Bitcoin’s June price action during the Israel–Iran conflict shows that it remains a macro asset, albeit one increasingly shaped by global instability. Opinion by: Michael Tabone, Senior Economist at Cointelegraph On Saturday, June 21, 2025, the US hit Iranian nuclear facilities, causing a short-lived dip in the price action of Bitcoin (BTC). Bitcoin rebounded before its Sunday close to just under 1.27% of its price before the US military effort. For 10 days in June, missiles flew and markets wobbled, but Bitcoin held its ground — not immune to war, but more stable than fear would suggest. Read more -
Cointelegraph.com - 14:11 Jun 23, 2025
Honeypot scams lure crypto investors into buying tokens they can’t sell, locking their funds through smart contract tricks. Honeypot scams lure investors with fake liquidity, price movement and hype, but the contracts are rigged to prevent exits, locking funds permanently. Modern honeypots include tampered cold wallets sold via platforms like TikTok, preloaded with private keys that scammers use to steal funds instantly. Variants like high sell tax honeypots and “honeypot-as-a-service” kits make it easier than ever for scammers to target even experienced users. Read more -
Cointelegraph.com - 13:54 Jun 23, 2025
Bitcoin ASIC maker Canaan has launched pilot production in the US and dropped its AI chip business, signaling a strategic pivot to core crypto operations. Bitcoin mining application-specific integrated circuit (ASIC) manufacturer Canaan has completed a pilot production run in the US and abandoned its AI hardware manufacturing efforts. In a statement sent to Cointelegraph on Monday, a Canaan representative said it “has successfully completed a pilot production run in the US,” replicating its Malaysia-based operations. Canaan also announced the discontinuation of its AI semiconductor business in what it said is “a strategic realignment aimed at sharpening its focus.” “I believe that doubling down on our core strengths in crypto infrastructure and Bitcoin mining is the most strategic path forward for Canaan,” said Nangeng Zhang, chairman and CEO of Canaan. Read more
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