RWA Tokenization Expands to Life Insurance with Infineo Minting $9M of Policies on Provenance Blockchain

This was the first example of transferring tokenized versions of life insurance policies, the company said. дальше »

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Dogecoin, Solana Lead Crypto Majors Plunge as Bitcoin Falls Below $66K

Few catalysts to prop up markets in the near-term are likely weighing down token prices, one trader said. дальше »

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X CEO says payment functionality coming soon as platform moves closer to becoming the ‘everything app’

X CEO Linda Yaccarino said the social media platform — formerly known as Twitter — is on the verge of launching payment functionality for users as it continues on its path to becoming the “everything app. дальше »

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SEC head of crypto asset enforcement David Hirsch exits agency

SEC crypto asset enforcement chief David Hirsch announced his departure from the agency on June 17. Hirsch said he served at the agency for almost nine years before his exit. He said he was “proud of the historic work done by the Crypto Assets and Cyber Unit team [he] had the privilege to lead. дальше »

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Tether launches gold-backed, US dollar stablecoin Alloy

The new synthetic dollar is the first step in the rollout of a real-world asset tokenization platform, said Tether.

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Crypto Trading Firm Cumberland Acquires New York's BitLicense

The firm said it's one of the only principal trading firms to hold the state's crypto license. дальше »

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Tether Debuts New 'Synthetic' Dollar Backed by Tokenized Gold in Tokenization Push

Users can mint new tokens using the company's new Alloy platform, which will be part of Tether's upcoming tokenization venture, CEO Paolo Ardoino said. дальше »

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U.S.-Listed Bitcoin Miners Reached Record Total Market Cap of $22.8B in June: JPMorgan

Mining stocks outperformed bitcoin in the first half of the month as investors reacted positively to news of Core Scientific’s AI deal with CoreWeave, the report said. дальше »

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Financial Stability Board to Extend Its Work on Stablecoin Risks in Emerging and Developing Economies

The Financial Stability Board (FSB) said it will undertake further work to consider the challenges associated with risks of global stablecoin arrangements in emerging and developing economies. дальше »

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ZkSync defends Sybil measures as Binance offers own ZK token airdrop

ZK Nation said its Sybil filtering approach was to ensure as many users as possible would get an allocation, but that would inevitably let through some Sybils. дальше »

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BIS reveals almost every major central bank is interested in wholesale CBDCs

The Bank for International Settlements (BIS) said its recent survey of central banks revealed that 94% of them globally are now engaged in exploring central bank digital currencies (CBDCs) — reflecting a sharp increase in experiments and pilots, especially with wholesale CBDCs. дальше »

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SEC commissioner Uyeda acknowledges benefits of securities tokenization

SEC commissioner Mark Uyeda acknowledged that asset tokenization, including tokenization of securities, carries potential benefits. Uyeda said on June 14 that representing asset rights with a digital token on a blockchain can provide “security, transparency, and immutability. дальше »

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Meta pauses European AI assistant launch due to regulatory objections

Meta said it will delay the launch and training of its AI assistant in Europe following a request from the Irish Data Protection Commission (DPC). According to a June 10 statement, the regulator asked Meta to postpone large language model (LLM) training involving public content adults share on Facebook and Instagram. дальше »

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New York recovers $50 million from Gemini for defrauded investors

New York Attorney General Letitia James has recovered $50 million from Gemini Trust, with this being money defrauded from Gemini Earn users. The recovered money will be used to repay the more than 230,000 investors, 29,000 of whom are New Yorkers, James said in a press release. дальше »

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Chinese public telecom provider Coolpad Group allocates $13.5m to buy Bitcoin mining rigs

Shenzhen-headquartered telecommunications equipment company Coolpad Group has announced the purchase of $13.5 million worth of crypto mining rigs. Coolpad Group, a public Chinese telecom provider listed on the Hong Kong Stock Exchange, said in a regulatory filing it has allocated… дальше »

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Bitcoin Traders See Short-Term Bearish Target at $60K as Miners Pare Holdings

Persistent testing of the lows sets the bears up for quick success with their next target at $60,000, one trader said. дальше »

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Coinbase derides SEC’s $2.6 billion budget request; American Securities Association calls for lower amount

Coinbase objected to the SEC’s $2. 6 billion budget request for the 2025 fiscal year. In a statement to CryptoSlate on June 13, a Coinbase representative said: “Yet again the SEC asks for more money that will go to regulation by enforcement when it has used none of its massive budget for real crypto rulemaking that […] The post Coinbase derides SEC’s $2. дальше »

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Major Bearish Trader Exits GameStop Shorts But Compares GME To Meme Coins: Is This Fair?

GameStop shares might drop after a rollercoaster ride, but Citron Research, led by Andrew Left, is exiting its short position on the video game retailer. In a post on X, Citron Research said it was exiting its short position, saying the platform now has “enough runway” following its $4 billion cash infusion. Citron Research Exits […] дальше »

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CFTC Chair Rostin Behnam tells Senate agency can handle greater crypto responsibilities

CFTC chair Rostin Behnam said the agency is capable of handling additional crypto responsibilities during a hearing before the Senate Committee on Appropriations on June 13. Behnam denied the suggestion that the CFTC would be “biting off… more than it can chew” if it gained additional crypto authority. дальше »

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HLG Down Over 60% as Exploiter Mints 1 Billion New Tokens

The team behind the Holograph (HLG) said they have patched the exploit and is working with centralized exchanges to freeze accounts affiliated with the exploiter дальше »

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Gensler confirms spot Ethereum ETFs will be approved ‘this summer’ during Senate hearing

SEC Chair Gary Gensler said the regulator expects to approve the spot Ethereum ETF applications’ S-1 registration forms “sometime over the course of this summer,” which would be the final step before the funds can launch in the US. дальше »

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'Bitcoin is Exponential Gold', Says Fidelity’s Director of Global Macro

Fidelity's Jurrien Timmer said Bitcoin is an aspiring player on the store of value team. дальше »

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Paradigm announces $850 million fund for early-stage crypto projects

Paradigm, a crypto-focused venture capital firm, has announced a new $850 million fund. Matt Huang, co-founder and Managing Partner at Paradigm, said in an announcement that the VC platform’s third fund will focus on crypto projects in their earliest development… дальше »

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Bitfarms to boost US presence with Pennsylvania expansion amid Riot takeover bid

Bitcoin miner Bitfarms is set to expand its operations in the US by leasing a site in Sharon, Pennsylvania, and deploying miners that can output 600 PH/s of hashrate. In a June 13 statement, the firm said the site’s initial capacity will be 12 megawatts, with plans to expand to 120 MW by 2025. дальше »

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Gary Gensler: Ethereum ETFs likely approved by end of summer

Spot Ethereum ETF proponents were handed a boon during a Senate hearing, as SEC Chair Gary Gensler said applications were advancing.  дальше »

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Assured Spot Ether ETF Approval Fails to Stir Slumping Crypto Market

SEC Chair Gary Gensler said he expected the new vehicles to have won full approval by the end of the summer. дальше »

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Ether ETFs Should Be Fully Approved by September, Says SEC Chair Gensler

U.S. Securities and Exchange Commission Chair Gary Gensler said that the final approvals for exchange-traded funds (ETFs) trading Ethereum's ether {{ETH}} should be finished this summer, he told senators in a budget hearing on Thursday. дальше »

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Crypto Markets Have Seen $12B of Net Inflows This Year, JPMorgan Says

Most of the $16 billion inflow into spot bitcoin ETFs since their launch likely came from existing digital wallets on exchanges, the report said. дальше »

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ERCOT CEO: Texas' Power Grid Needs Larger Increase Than Expected to Handle AI, Bitcoin Mining

The Electric Reliability Council of Texas' CEO said in Senate testimony that the state's grid capacity will need to double in the next decade to handle demand, while the Lieutenant Governor of Texas says more scrutiny is coming for this industry. дальше »

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Paxos cuts 20% of workforce amid strong financials due to ‘de-prioritizing adjacencies’

Stablecoin issuer Paxos downsized its workforce by 20% despite robust finances and optimistic growth projections in the stablecoin market, Bloomberg reported on June 12. In an email that notified employees of the change, Paxos CEO Charles Cascarilla said the staff reduction will allow the company to “best execute on the massive opportunity ahead in tokenization […] The post Paxos cuts 20% of workforce amid strong financials due to ‘de-prioritizing adjacencies’ appeared first on CryptoSlate. дальше »

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Terra community to own chain after TFL wind-down; Coinbase exec slams SEC settlement

Terraform Labs CEO Chris Amani said Terra will become a community project as the company winds down following a $4. 5 billion SEC settlement. Amani wrote on June 12 that the community must “take over ownership of the chain. дальше »

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Circle launches Programmable Wallets and Gas Station on Solana

Circle has expanded its Web3 Services, adding support for Solana, the company said in an announcement. Circle’s Web3 Services empower businesses and developers looking to launch on-chain apps. To bring these benefits to Solana, Circle is launching its Programmable Wallets… дальше »

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Chainlink’s CCIP protocol and Automation now live on Gnosis

Gnosis developers can now outsource their heavy computing to the oracle network while reducing gas fees by up to 90%, spokespeople said. дальше »

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Crypto and Artificial Intelligence Could be a $20 Trillion Megatrend, Bitwise Says

The two industries could add a collective $20 trillion to global GDP by 2030, the report said. дальше »

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Cboe exec says Solana ETFs unlikely without futures market or regulatory clarity

Cboe Vice President and Global Head of ETF Listings Rob Marrocco believes crypto ETFs beyond Bitcoin and Ethereum are unlikely until the market and regulatory landscape changes. Marrocco said during an ETF Store podcast on June 11 that market expectations of a Solana (SOL) and XRP spot ETF are unrealistic in the short term since these […] The post Cboe exec says Solana ETFs unlikely without futures market or regulatory clarity appeared first on CryptoSlate. дальше »

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Bitcoin Pullback to $66K Triggers $250M in Crypto Liquidations as Traders Brace for 'Wild Wednesday' of FOMC, CPI Report

Tomorrow's Fed "dot plot" of interest rate projection and forward guidance by Chairman Powell will be key for what's next for the digital asset market, K33 Research said. дальше »

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ZkSync community reacts to airdrop debacle

Ethereum scaling solution zkSync will airdrop 3.6 billion ZK tokens to users next week, but the crypto community said the distribution list is unfair. дальше »

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Crypto Mixers, Privacy Coins, Layer 2s Complicate Tracing for Law Enforcement, EU Innovation Hub Says

Separately, France's markets regulator said crypto remains a high risk for money laundering. дальше »

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TipLink Aims for Crypto Newcomers With Google-Powered Solana Wallet

"It unlocks the rest of the world for easy onboarding," said CEO Ian Krotinsky. дальше »

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Fed Should Cut Interest Rate as Restrictive Stance Adds to Inflation, Democrats Say

Elevated interest rates aimed at taming inflation have become a part of the problem, three Democrat senators said. дальше »

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British crypto exchange Lykke loses over $22m in hacker attack

U.K.-based crypto exchange Lykke said over $22 million worth of crypto had been stolen from its wallet in early June. British cryptocurrency exchange Lykke reported a loss exceeding $22 million following a cyberattack on its wallet. In a Jun. 10… дальше »

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FTC warns of crypto romance scams in the US

If online love turns to the talk of coins, it's best to pause and ponder why they have joined, said the FTC. The post FTC warns of crypto romance scams in the US appeared first on Crypto Briefing. дальше »

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Jupiter founder: Memecoins are user-generated money 

Jupiter's founder said memecoins could be a gateway for attracting new Web3 users en masse and an on-ramp for understanding the larger cryptocurrency stack. дальше »

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Robinhood’s Acquisition of Bitstamp Expands Its Global Reach: Architect Partners

Crypto is becoming an increasingly important part of Robinhood’s business, accounting for 20% of total revenue in the first quarter, the report said. дальше »

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Payrolls-Led Bitcoin, Ether Price Swoon Is 'Buy the Dip' Opportunity, Crypto Trading Firm Says

Markets will increasingly price in at least one Fed interest-rate cut for 2024, QCP Capital said. дальше »

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Bitcoin, Ether Little Changed Over Weekend After $400M Liquidation Rout

The week ahead could boost market volatility with the CPI release on Wednesday, the FOMC meeting on Thursday, and a speech from Janet Yellen on Friday, one firm said. дальше »

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DePIN protocol io.net CEO departs 2 days before token launch

Ahmad Shadid, one of the founders of io.net, left “effective immediately” but said it wasn’t related to allegations regarding his past. дальше »

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Analyst predicts altcoin rally as Ethereum (ETH) targets $15,000 in current bull cycle

An analyst on Crypto Banter’s The Sniper Trading Show said the altcoin rally phase is approaching. Typically, this rally occurs towards the end of the bull cycle, indicating significant potential for gains soon. дальше »

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Ethereum leaders are stuck in a ‘massive contradiction’ — Wintermute CEO

“You are either building capitalism or planned socialism,” said Wintermute CEO Evgeny Gaevoy, pointing the finger at Vitalik Buterin, Hayden Adams and the wider Ethereum community. дальше »

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Crypto Pioneer Arthur Hayes On Why It’s Time To Go Long On Bitcoin And Shitcoins

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