BNB, the fifth-largest crypto by market cap, is currently trading hands at around $630, up nearly 5% on the day.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Altcoins are slipping further into decline as investors flock to Bitcoin amid escalating geopolitical tensions and a risk-off environment. Data from CoinGlass shows the Altcoin Season Index has plunged to 12, its weakest level in nearly a year, reflecting a deepening lack of interest in non-Bitcoin cryptocurrencies. The Altcoin Season Index tracks how non-Bitcoin assets […]
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Cointelegraph, one of the leading crypto media platforms, has confirmed a front-end security breach that exposed its users to a malicious pop-up urging them to connect their wallets. The incident, which occurred on June 22, involved scammers promoting a fake Cointelegraph token (CTG) and a counterfeit initial coin offering (ICO) campaign. Scam Sniffer, a blockchain […]
The post Cointelegraph and CoinMarketCap front ends compromised with scam links over the weekend appeared first on CryptoSlate.
Pump.fun has delayed its public token sale once again, extending months of uncertainty for users and investors as the popular Solana-based launchpad wrestles with a flurry of lawsuits, Colin Wu reported on June 20. Pump.fun had aimed to raise $1 billion at a $4 billion valuation through its token auction originally set for June 25. The […]
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TikTok has publicly denied allegations that it bought $300 million worth of TRUMP memecoins to sway US President Donald Trump. The company addressed the claims on June 19 in a post on X, labeling the accusation “false and irresponsible” and aimed at misrepresenting its actions. The statement followed comments by US Congressman Brad Sherman, who […]
The post TikTok clashes with US congressman over alleged $300M TRUMP token bribe appeared first on CryptoSlate.
The XRP Ledger has entered a new phase of community participation with the upcoming launch of XAO DAO, marking the network’s first decentralized autonomous organization (DAO). This launch signals a shift toward deeper decentralized governance in XRPL’s future, offering users a structured way to engage in critical decisions, fund initiatives, and support real-world blockchain adoption. […]
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The initial tranche of $10.6 million in subscriptions is expected to close within 48 hours following its Wednesday announcement.
Paxos Labs will let companies create their own stablecoins, offer onchain yield, and manage tokenized assets.
Deutsche Bank, Memento Blockchain, and Interop Labs published a litepaper on June 17 outlining plans for Digital Asset Management Access 2 (DAMA 2), a tokenization platform intended to operate on public blockchains and facilitate the issuance of regulated funds. According to the paper, DAMA 2 would link three layers: Ethereum (ETH) would act as the […]
The post DAMA 2: Deutsche Bank unveils institutional tokenization stack to fast-track regulated funds appeared first on CryptoSlate.
JPMorgan will pilot a dollar-denominated deposit token called JPMD on Coinbase’s Base blockchain within days, global blockchain division co-head Naveen Mallela said in an interview with Bloomberg News on June 17. The test will transfer a fixed amount of JPMD from the bank’s digital wallet to Coinbase, making the token available to selected institutional users […]
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Ink Foundation announced on June 17 that it would mint 1 billion INK tokens to fund user-run liquidity on Ink, the Ethereum layer-2 network backed by Kraken. The foundation has permanently set the supply cap and will release the mint date and contract address after completing the audits. The end of audits, together with predefined […]
The post Kraken’s L2 network rolls out native INK token to power protocol incentives, allocation appeared first on CryptoSlate.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
EigenLayer has introduced a new platform called EigenCloud, designed to bring verifiability and transparency to both blockchain-native and traditional applications. The launch, announced on June 17 in a statement shared with CryptoSlate, introduces a unified system that leverages the power of EigenLayer’s ecosystem, including its native EIGEN token. Eigen Labs CEO Sreeram Kannan stated that […]
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Ark Invest, the investment management firm led by Cathie Wood, has sold off over $50 million of its holdings in Circle Internet Group (CRCL), the issuer of the USDC stablecoin. On June 16, Ark dumped 342,658 CRCL shares valued at approximately $51.7 million, based on the day’s closing price of $151.06, according to Yahoo Finance […]
The post Ark Invest dumps $51M in Circle shares amid 400% rally and valuation concerns appeared first on CryptoSlate.
The Ink Foundation said there will be a hard cap of 1 billion INK tokens, which will not be used for protocol governance.
Cosmos-based Namada has completed its mainnet, introducing a composable privacy layer for decentralized applications.
Ripple Labs and the US Securities and Exchange Commission (SEC) have jointly asked the Second Circuit Court to extend the suspension of the agency’s appeal. According to a June 16 court filing, both parties are pushing to delay the appeal to avoid further litigation following their previous settlement. This request follows an earlier effort to […]
The post Canada beats US to launch first spot XRP ETF amid Ripple-SEC legal pause appeared first on CryptoSlate.
Crypto capital gains will be exempt from personal income tax in Thailand if made through licensed exchanges, brokers, or dealers.
a16z crypto has purchased $70 million in EIGEN tokens, expanding on its previous lead investment in Eigen Labs' $100 million Series B round.
The suspension has sparked considerable speculation on X, some of which concerns potential regulatory involvement.
Investigators have linked a figure in the $30 million ZKasino alleged scam to a fresh cryptocurrency project branded WhiteRock (WHITE), on-chain analyst ZachXBT reported in a June 16 post on X. WhiteRock surfaced in December 2024 with an anonymous team, overstated user counts, and unverifiable claims about a USDX reserve, researchers at Blokiments wrote in […]
The post ZachXBT warns suspected ZKasino fraudster may be linked to new crypto venture WhiteRock appeared first on CryptoSlate.
Solana Labs co-founder Anatoly Yakovenko has opposed Cardano’s leadership’s new proposal to convert part of its treasury into Bitcoin. In a June 16 post on X, Yakovenko suggested the idea was misguided, arguing that it reflects poor treasury management and sends the wrong message to the Cardano community. According to him: “Projects should keep 18-36 […]
The post Solana co-founder calls Cardano’s proposed $100M treasury move to Bitcoin ‘so dumb’ appeared first on CryptoSlate.
The Tron blockchain is reportedly planning a backdoor entry to the US public markets through a reverse merger with SRM Entertainment, a Nasdaq-listed company, the Financial Times reported on June 16. If completed, the merger would create a new company, Tron Inc., holding large amounts of TRX, Tron’s native token. The report also suggested that […]
The post Tron’s Justin Sun plans to public in US with Eric Trump through $210M SRM reverse merger deal appeared first on CryptoSlate.
A new proposal within the Polkadot ecosystem is pushing for the creation of a Strategic Bitcoin Reserve. According to the proposal, the plan involves converting 500,000 DOT, valued at around $2 million, into Threshold Bitcoin (tBTC), a wrapped version of Bitcoin secured through threshold cryptography, which ensures decentralization and non-custodial management. Polkadot’s Bitcoin proposal Before […]
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Walmart and Amazon are preparing to launch their own stablecoins as the U.S. Senate advances landmark legislation that would establish a federal regulatory framework for privately issued digital dollars for the first time. The legislation, known as the GENIUS Act (S.394), has passed committee and cleared cloture, with a final Senate vote scheduled for June […]
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A growing number of public companies are committing significant funds to XRP treasuries, with total commitments approaching the $1 billion milestone. The move signals rising institutional interest in integrating blockchain-based assets into corporate financial strategies. Momentum builds around corporate XRP reserves On June 12, Singapore-based Web3 firm Trident Digital revealed plans to raise up to […]
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The Cardano ecosystem could soon undergo a strategic treasury shift to energize its DeFi and stablecoin sectors. On June 13, the network founder Charles Hoskinson suggested allocating around $100 million worth of ADA from the network’s treasury towards a mix of stablecoins and Bitcoin. According to him: “[W]e take about a hundred million worth of ADA […]
The post Cardano considers offloading $100M ADA to jumpstart lagging DeFi and stablecoin ecosystem appeared first on CryptoSlate.
Polygon has laid out an ambitious scaling roadmap to reach 100,000 transactions per second (TPS), beginning with a July upgrade that will bring the network to 1,000 TPS. The roadmap comes a day after Polygon announced a governance revamp and shift in focus to Agglayer. Dubbed the “Gigagas” roadmap, the initiative is focused on making […]
The post Polygon unveils ‘Gigagas’ roadmap to reach 100,000 TPS appeared first on CryptoSlate.
Two US Democratic Senators are demanding answers from Meta CEO Mark Zuckerberg over reports that the social media giant is exploring a new stablecoin project. In a letter dated June 11, Senators Elizabeth Warren and Richard Blumenthal asked Zuckerberg to explain Meta’s current ambitions in the digital currency space. The move follows news that the […]
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