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Argentina Cabinet Chief Says Undisclosed Assets Came From Bitcoin Profits

Manuel Adorni, Argentina’s cabinet chief, is facing controversy over previously undisclosed assets worth several hundred thousand dollars. Adorni said the assets came from profits on Bitcoin investments, but questions have been raised over whether th

CFTC Sues New Mexico as Sports Prediction Market Dispute Widens

The US Commodity Futures Trading Commission has sued New Mexico in the latest dispute over who has authority to regulate sports prediction markets. The Block reported on June 12 that the CFTC filed a lawsuit in federal court in New Mexico against sta

Bitcoin Whales Sold More Than 70,000 BTC Over the Past Month

Large holders, or whales, have been cited as one factor behind Bitcoin’s recent weakness. Crypto analyst Ali Martinez wrote on X on June 13 that whales had distributed more than 70,000 Bitcoin into the market over the past month. He said that may be

SIREN Plunges 70% After Suspected Manipulator Sells More Than 118 Million Tokens

Altcoin SIREN tumbled sharply in intraday trading. As of 5:35 p.m. in Seoul on June 13, the token was trading at $0.1442, down 70.87% from a day earlier, according to CoinMarketCap. On-chain analyst EmberCN wrote on X that an address believed to be t

US Charges Tennessee Man in Alleged Crypto Ponzi Scheme

US prosecutors have charged a Tennessee man with defrauding investors of millions of dollars through purported cryptocurrency investments, alleging he ran a Ponzi scheme that used money from new investors to pay returns to earlier ones. Decrypt repor

Coinbase Advisory Group Says Bitcoin Should Start Preparing for Quantum Threat

Bitcoin should begin technical preparations now for potential future attacks from quantum computers, according to a new recommendation. CoinDesk reported on June 13 that a cryptography advisory group convened by Coinbase wrote in a report that quantu

US House Lawmakers Move to Create Federal Task Force on Crypto Theft

A bill to create a federal task force dedicated to cryptocurrency theft has been introduced in the US House of Representatives. CoinDesk reported on June 11 that Republican Representative Lance Gooden and Democratic Representative Josh Gottheimer joi

Backpack, Sunrise to Launch Tokenized SpaceX Stock for Solana Trading From Nasdaq Debut

Crypto trading platform Backpack is launching a tokenized security tied to SpaceX shares. Backpack and tokenization infrastructure firm Sunrise will launch SPCX, a tokenized stock backed by SpaceX shares, CoinDesk reported on June 11. The token will

Digital Asset Raises $355 Million From a16z-Led Round With Hanwha Investment, HSBC

Digital Asset, the developer of the institutional blockchain Canton Network, has raised $355 million. The company announced in a funding round led by venture capital firm a16z Crypto, according to a PR Newswire release published June 11. Investors in

US Charges, Arrests Two in $389.74 Million Crypto Laundering Case

US authorities have charged two men with operating a cryptocurrency money-laundering service. The US Attorney's Office for the Eastern District of Pennsylvania said June 11 that the two Georgia residents were charged with conspiracy to commit money l

Nakamoto Sells 600 Bitcoin to Repay Debt

Nakamoto Holdings Inc. (NAKA), a digital-asset investment firm, sold part of its Bitcoin holdings to repay debt. The company said in a press release on June 11 that it raised about $48 million by selling roughly 600 Bitcoin and Bitcoin-related deriva

Bessent Says Iran Will Ultimately Lose, Pay for Damage to Gulf Allies

The US is stepping up pressure on Iran. After President Donald Trump, Treasury Secretary Scott Bessent also struck a hard-line tone toward Tehran. On June 11, Bessent wrote on X, formerly Twitter, that "the Iranian regime is going to lose its zero-su

Hungary Plans to Scrap Criminal Penalties for Unlicensed Crypto Trades

Hungary plans to roll back rules that imposed criminal penalties for unlicensed virtual-asset, or cryptocurrency, transactions. Cointelegraph reported on June 11 that Anita Köböl, a spokesperson for Hungary’s Tisza party government, told a press brie

US Initial Jobless Claims Total 229,000, Exceed Forecast

US initial jobless claims topped market expectations last week. The Labor Department said June 11 that initial jobless claims totaled 229,000 last week. That was 9,000 above economists' forecast of 220,000 and 4,000 higher than the prior week's revis

US May PPI Rises 1.1% From Previous Month, Beating Forecast

U.S. producer prices rose more than expected in May. The U.S. Producer Price Index increased 1.1% from the previous month in May, above the 0.7% forecast, the Labor Department said on June 11. Producer prices are considered a leading indicator of con

Trump Says US Will Hit Iran Hard Tonight, Take Control of Oil and Gas Infrastructure

President Donald Trump said the US is planning additional military action against Iran and intends to take control of its energy infrastructure. In a post on Truth Social on June 11, Korea time, Trump wrote that most of Iran’s defensive and offensive

Global Trade Needs Integrated Blockchain, AI Infrastructure, Forbes Council Member Writes

The global trade industry needs an integrated platform combining blockchain and artificial intelligence to overcome the limits of existing financial infrastructure, according to a Forbes contribution. Forbes reported on June 11 that Milan Gupta, a me

Visa Says Stablecoins Are Reshaping Payments Infrastructure, Plans Expansion

Visa laid out plans to expand its stablecoin business, saying the technology is reshaping payments infrastructure. At the company’s annual payments forum, Chief Product and Strategy Officer Jack Forestell said artificial intelligence is changing the

South Korea PM Nominee Han Seong-sook Sells All Crypto Holdings

South Korean Prime Minister nominee Han Seong-sook has sold all of her cryptocurrency holdings, a Prime Minister's Office official said. According to a personnel hearing request submitted by President Lee Jae-myung to the National Assembly on June 11

AI Pay With Crypto Raises $10 Million in Strategic Round Backed by Animoca Brands

AI Pay With Crypto, an artificial intelligence payments platform built on cryptocurrency, said June 11 that it had secured strategic investment from Animoca Brands and other backers. Participants in the round included Animoca Brands, Titans Ventures,

Iran's PGSA Says Strait of Hormuz Closed Until Further Notice

Iran's Persian Gulf Strait Administration, or PGSA, announced that the Strait of Hormuz has been closed. In a post on X on June 11, the agency said it was shutting the waterway until further notice following the Iranian military's announcement the pr

Fortune Releases ‘Crypto 100’; Upbit Ranks 10th Among Centralized Exchanges

Fortune has released its “Fortune Crypto 100,” a list of the most influential companies and projects in the blockchain and cryptocurrency industry. According to the Crypto 100 rankings published by Fortune on June 11, Upbit placed 10th in the central

Bitcoin Rises Above $63,000

DBS to Launch Gold-Backed Token for Retail Clients, With 1 Gram per Token

DBS Group Holdings Ltd., Singapore’s largest bank, plans to launch a tokenized product backed by physical gold for retail investors. CoinDesk reported on June 11 that DBS aims to roll out DBS Physical Gold Tokens in the second half of 2026. DBS will

South Korea’s Democratic Party Weighs Reestablishing Digital Asset Task Force

South Korea’s Democratic Party is positively considering reestablishing its Digital Asset Task Force as it reorganizes floor leadership task forces, Bloomingbit reported exclusively on June 11. Kim Han-kyu, the party’s senior deputy floor leader for

Fold Sells 633.8 Bitcoin to Repay Debt, Holdings Fall to 192.2 BTC

Fold Holdings, a Bitcoin financial services company, sold 633.8 Bitcoin to repay a Bitcoin-backed loan. Bitcoin Treasuries said on June 11 that the Nasdaq-listed company sold the tokens to repay $20 million of Bitcoin-backed debt. The sale reduced Fo

Santiment Says Crypto Trading Volume Falls to Nearly Two-Year Low, Setting Up Rally Conditions

Trading volume in major cryptocurrencies has fallen to its lowest level in nearly two years, according to on-chain analytics platform Santiment. The firm said the slump may also be laying the groundwork for a rebound. In a report released June 11, Sa

Woori Bank to Develop Digital Wallet for Foreign Visitors, Test Stablecoin Payments

Woori Bank is partnering with fintech startup Crosshub to develop a digital wallet for foreign visitors to South Korea. The companies also plan to test a domestic payment environment using foreign-currency-denominated stablecoins. Woori Bank said on

Japan Advances Bill to Classify Crypto as Financial Product, Opening Door to Spot Bitcoin ETFs

Japan is moving to classify cryptocurrencies as financial products similar to stocks, a step that would allow spot Bitcoin exchange-traded funds to list in the country and sharply reduce taxes on crypto investment gains. Bloomberg reported on June 11

FTX, Alameda Unstake 200,241 Solana Worth About $13 Million

Bankrupt crypto exchange FTX has unstaked a large batch of Solana tokens. Onchain Lens, an on-chain data analytics account, wrote on X on June 11 that wallets linked to FTX and Alameda unstaked 200,241 SOL. The tokens were worth about $12.99 million.