Bitcoin Rises Above $63,000
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Hong Kong HKMA Forms Tokenized Bond Expert Group to Expand Digital Bond Market
The Hong Kong Monetary Authority has formed a dedicated industry group of experts to help expand the market for tokenized bonds. The HKMA said on June 5 on its website that it had established a Tokenized Bond Expert Group. The group includes represen
11 days agoBitcoin May Drop Below February Low, With $54,000 as Last Key Support
Bitcoin, the largest cryptocurrency, has come under intense pressure in recent days, prompting analysis that it could fall below the low it reached in February. In a report published June 5, crypto analyst Axel Adler Jr. wrote that Bitcoin is retesti
11 days agoPiCKDollar Stablecoins Trade About 30 Won Below Won-Dollar Rate on Upbit
Dollar-pegged stablecoins were trading below the won-dollar exchange rate on June 5. On South Korean digital-asset exchange Upbit, Tether was trading at 1,506 won, up 0.80% from a day earlier. Other dollar stablecoins including USDC, USD1 and USDE we
11 days agoKospi, Kosdaq Sink on Broadcom Shock; Won Ends at 1,539.1 per Dollar
South Korea’s Kospi and Kosdaq indexes closed sharply lower on June 5 after weak guidance from U.S. chipmaker Broadcom hit sentiment toward artificial intelligence-related semiconductor stocks. Selling centered on chip shares as investors locked in p
11 days agoa16z-Linked Wallet Adds $15.16 Million of Hyperliquid in 24 Hours
A wallet linked to venture capital firm Andreessen Horowitz, or a16z, appears to have sharply increased its holdings of Hyperliquid (HYPE). On-chain analyst ai_9684xtpa wrote on X on June 5 that the wallet withdrew a total of 224,118 HYPE tokens from
11 days agoBitcoin Reclaims $62,000
11 days agoBreakingUK Reform Party Took In $9.4 Million From Crypto Industry in First Quarter
Reform UK received large donations from the crypto industry in the first quarter of this year. Cointelegraph reported on June 5, citing UK Electoral Commission disclosures, that the party received a total of $9.4 million from donors including Tether
12 days agoBitcoin Falls Below $62,000
12 days agoBreakingNEXUS Launches D2C Web Store Platform CROSS GameHub for Game Developers
NEXUS, the operator of the CROSS protocol, said Friday it has officially launched CROSS GameHub, a direct-to-consumer web store platform for game developers. CROSS GameHub is a game commerce platform that allows developers to build their own web stor
12 days agoGrayscale Says Strategy Faces Test as Capacity for More Bitcoin Buying Shrinks
Strategy, the world’s largest corporate Bitcoin treasury company, is running into headwinds in its accumulation strategy, according to an analysis. Cointelegraph reported on June 5 that Grayscale Research Head Zach Pandl said changes in Strategy’s ap
12 days agoCoinone Brings In Korea Investment & Securities, OKX as Strategic Investors to Pursue Global Finance Push
Korea Investment & Securities, OKX Become Coinone’s Joint Third-Largest Shareholders South Korean cryptocurrency exchange Coinone said it has brought in Korea Investment & Securities and global digital-asset exchange OKX as strategic investors as it
13 days agoPiCKCoinone CEO Says Korea Investment, OKX Stakes Will Fuel Broader Blockchain Finance Expansion
Coinone said it plans to use strategic investments from Korea Investment & Securities Co. and OKX as a springboard to expand into a broader blockchain-based financial company. At a press briefing held at Coinone’s office in Yeouido’s Parc1 Tower on J
13 days agoPiCKOKX Founder Says Coinone Partnership Will Help Build Trust With South Korean Regulators
Star Xu, founder and chairman of global cryptocurrency exchange OKX, said the company aims to expand in South Korea through its partnership with Coinone. At a press briefing at Coinone’s office in Seoul’s Yeouido district on June 4, Xu said the focus
13 days agoKorea Investment Securities Says Coinone Stake Is Strategic Bet on Digital-Asset Era
"Korea Investment Securities' investment in Coinone is not a simple financial investment but a strategic one. We made the investment to help connect institutional finance and the virtual-asset, or cryptocurrency, market." Kim Sung-hwan, chief executi
13 days agoIran Parliament to Vote Soon on Bill Formalizing Authority Over Strait of Hormuz
Iran's parliament is set to vote soon on a bill that would formally establish the country's management and sovereign authority over the Strait of Hormuz. Iran's semi-official Nour News reported on May 30 that Alireza Salimi, a member of parliament's
17 days agoBreakingAnalysis: Solana’s Most Important Support Level Is $78.17
Solana’s near-term direction hinges on whether it can hold the $78.17 level, according to analyst Ali Martinez. Martinez wrote on X on May 30 that $78.17 is currently one of the most important support levels for Solana. Holding above that level could
17 days agoBinance Targets 3 Billion Active Users by 2030, Expands Traditional Finance Partnerships
Binance aims to increase its active user base to 3 billion by 2030, about 10 times its current level, as it pushes ahead with expansion despite a market downturn. Catherine Chen, Binance's head of VIP and institutional, told CoinDesk in an interview
17 days agoSEC Charges Texas Man in Alleged AI Crypto Trading Bot Fraud
The U.S. Securities and Exchange Commission has charged a Texas man with securities fraud for allegedly using an artificial intelligence-based crypto investment program to deceive investors, Cointelegraph reported on May 30. The SEC alleges that Nath
17 days agoQuantum Computing Poses Bigger Threat to Financial Infrastructure Than Wallets
Quantum computers, once commercialized, could pose a greater threat to the financial system than to individual wallets, CoinDesk reported on May 30. Andrew Gault, chief executive officer of Zerotier, said the financial system's most dangerous vulnera
17 days agoEU Weighs Taxes on Online Gambling and Crypto to Raise Up to 28 Billion Euros Over Seven Years
The European Union is considering new taxes on online gambling, cryptocurrencies and digital platform companies as it looks to raise funds for its next long-term budget. Politico reported on May 30 that the European Commission, in a document shared w
17 days agoPiCKBitcoin Treasury Boom Still Has Plenty of ‘Carnival Barkers,’ BSTR Co-Founder Says
Public companies pitching Bitcoin treasury strategies are proliferating, but some of them have weak underlying business models, Cointelegraph reported on May 30. BSTR co-founder Sean Bill told Cointelegraph that many companies lack a proper capital s
17 days agoCardano Breaks Long-Term Support, With $0.247 Reclaim Seen as Critical
Cardano's ADA has broken below a key support level that had anchored its long-term uptrend, according to analyst Ali Martinez. Martinez wrote on X on May 30 that ADA had traded within a multi-year price channel since 2021, with the channel's lower bo
17 days agoIran’s PGSA Says US Sanctions Prove Its Success, Rejects Loss of Hormuz Control
Iran’s Persian Gulf Strait Authority, or PGSA, a body established to manage the Strait of Hormuz, pushed back against US sanctions and said the move was evidence of its own success. In a post on X on May 30, the agency said the US Treasury had recent
17 days agoCircle Appears to Have Blacklisted Zama’s Confidential USDC Contract
Circle appears to have blacklisted Zama’s Confidential USDC, or cUSDC, contract. ZachXBT wrote on his “Investigation by ZachXBT” Telegram channel on May 30 that Circle added the Ethereum-based cUSDC contract to its blacklist about seven hours earlier
17 days agoSpot Bitcoin ETFs Post Weekly Net Outflows of $1.4156 Billion
Spot Bitcoin exchange-traded funds posted heavy net outflows this week. Data from Farside Investors showed spot Bitcoin ETFs recorded total net outflows of $1.4156 billion for the week as of May 30. BlackRock's IBIT posted the largest outflow at $966
17 days agoPiCKBitdeer Mines 206.2 Bitcoin This Week, Sells Entire Haul
Bitdeer said in a post on X, formerly Twitter, on May 30 that it mined 206.2 Bitcoin this week. The company sold all of the newly mined tokens. As a result, Bitdeer kept its Bitcoin holdings at zero.
17 days agoCross-Chain Bridge Gravity Suffers Suspected Hack With Estimated Losses of $5.4 Million
Gravity Bridge, a cross-chain bridge project, appears to have suffered a hacking attack that resulted in the theft of about $5.4 million in assets. Odaily reported on May 30 that an attacker was seen siphoning off funds after Gravity Bridge's contrac
17 days agoGreece’s Former Finance Minister Varoufakis Says He Donated All 2,000 Bitcoin
Yanis Varoufakis, Greece’s former finance minister and an economist, said he once held 2,000 Bitcoin. In an interview, Varoufakis said he donated the entire holding because he did not agree with Bitcoin’s underlying philosophy, Bitcoin News reported
17 days agoCrypto Market Weakens Even as S&P 500 Extends Rally to Nine Straight Weeks
Bitcoin and Ether fell despite a continued rally in U.S. stocks, underscoring a divergence between cryptocurrencies and broader financial markets. CoinDesk reported on May 30 that the S&P 500 rose for a ninth consecutive week, marking its longest wee
18 days agoPiCK