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cryptobriefing.com New York Department of Financial Services partners with European Banking Authority to enhance stablecoin oversight

Enhanced regulatory collaboration could lead to more robust consumer protection and reduced regulatory arbitrage in the stablecoin market. The post New York Department of Financial Services partners with European Banking Authority to enhance stablecoin oversight appeared first on Crypto Briefing.

blockmanity.com Why Fed President Sees Stablecoins as Casino Chips in Crypto World

Understanding the Casino Chip Comparison for Neel Kashkari, who leads the Minneapolis Federal Reserve, recently shared an interesting view on . He compared them to casino chips during a talk at a Bank of Korea event. This idea helps explain […] The post Why Fed President Sees Stablecoins as Casino Chips in Crypto World appeared first on Blockmanity.

blockonomi.com EU AI Data Center Project Faces Delays as Funding Gaps Grow

TLDR The EU pushed bidding for its AI gigafactory project from May to July. The plan targets five AI data centers, each with one gigawatt of capacity. Early interest has dropped from about 70 companies to roughly 10 expected bidders. Only two of the five planned centers can receive funding before 2028. SoftBank’s France data [...] The post EU AI Data Center Project Faces Delays as Funding Gaps Grow appeared first on Blockonomi.

blockonomi.com CFTC Approves First Perpetual Futures Contract on a US Regulated Venue

TLDR: The CFTC approved the first perpetual futures contract on a US regulated venue on May 29, 2025. Perpetual futures use a funding rate mechanism to keep contract prices aligned with the spot market. Regulated platforms Kalshi and Polymarket stand to benefit from the CFTC’s new regulatory framework. The approval marks a step toward DeFi [...] The post CFTC Approves First Perpetual Futures Contract on a US Regulated Venue appeared first on Blockonomi.

news.bitcoin.com Trader Loses 1,680 BTC Fight as South African Court Classifies Bitcoin as Capital

A South African High Court ruled that bitcoin can be legally treated as “capital” and a “negotiable instrument” (a form of money) because it holds value, is used for speculation, and is accepted by merchants. The Catalyst: Seizure of 1,680 Bitcoins A South African High Court has ruled that bitcoin can be treated as capital […]

bitcoinist.com XRP Falters In Face Of Rival XLM: Why Retail Traders Are Dumping One For The Other

The rivalry between XRP and Stellar (XLM) has lasted for years, with investors often comparing the two payment-focused cryptocurrencies due to their shared origins and similar use cases. While XRP has long maintained a larger market presence, XLM appears to be gaining the upper hand in some regions. A new report shows that retail traders […]

news.bitcoin.com Stablecoin Activity Surges to 49.7x Velocity as Crypto ETF Outflows Deepen

Stablecoin use is accelerating beyond crypto trading, with filtered transaction velocity reaching a record 49.7 times annualized. At the same time, bitcoin and ethereum spot ETFs are facing sustained outflows, raising questions about the depth of institutional demand. Bitcoin ETF Outflows Hit $6.6B as Stablecoin Payments Accelerate Stablecoins are showing signs of a major shift […]

cryptobriefing.com Former Department of Government Efficiency staffers unveil AI venture to cut waste using DOGE strategies

The AI venture could revolutionize private sector efficiency, potentially attracting investors seeking innovative cost-cutting solutions. The post Former Department of Government Efficiency staffers unveil AI venture to cut waste using DOGE strategies appeared first on Crypto Briefing.

cryptobriefing.com New York Department of Financial Services partners with European Banking Authority to enhance stablecoin oversight

Enhanced regulatory collaboration could lead to more robust consumer protection and reduced regulatory arbitrage in the stablecoin market. The post New York Department of Financial Services partners with European Banking Authority to enhance stablecoin oversight appeared first on Crypto Briefing.

blockonomi.com U.S. Treasury Sanctions Iran’s Nobitex Over Alleged Crypto Finance Links

TLDR The U.S. Treasury sanctioned Nobitex, which it described as Iran’s largest digital asset exchange. According to the Treasury, Nobitex handled more than half of Iranian digital asset inflows in 2025. OFAC alleged that Nobitex supported sanctions evasion, stablecoin transfers, and IRGC-linked crypto transactions. Treasury also designated Amir Hossein Rad and other Nobitex leaders in [...] The post U.S. Treasury Sanctions Iran’s Nobitex Over Alleged Crypto Finance Links appeared first on Blockonomi.

cryptobriefing.com SpaceX eyes $1.75T valuation in IPO next week, potentially making Musk the world’s first trillionaire

SpaceX's IPO could reshape the aerospace industry, intensifying competition and setting new benchmarks for market valuations and investments. The post SpaceX eyes $1.75T valuation in IPO next week, potentially making Musk the world’s first trillionaire appeared first on Crypto Briefing.

bitcoinmagazine.com Democrats Sanders and Warren Push Labor Department to Abandon Bitcoin 401(k) Rule

Bitcoin Magazine Democrats Sanders and Warren Push Labor Department to Abandon Bitcoin 401(k) Rule Bernie Sanders and Elizabeth Warren are urging the U.S. Department of Labor under Donald Trump to withdraw a proposed rule allowing Bitcoin and other cryptocurrencies in retirement accounts. This post Democrats Sanders and Warren Push Labor Department to Abandon Bitcoin 401(k) Rule first appeared on Bitcoin Magazine and is written by Micah Zimmerman.

blockonomi.com Palo Alto Beats Q3 Estimates as AI Threats Drive Demand

TLDR Palo Alto Networks shares rose 10% after the company beat fiscal third-quarter estimates. Revenue reached $3.00 billion, above Wall Street’s $2.94 billion expectation. Adjusted earnings came in at 85 cents per share, beating the 80-cent estimate. Palo Alto raised its fourth-quarter and full-year revenue guidance after the earnings beat. The company’s AI-focused acquisitions support [...] The post Palo Alto Beats Q3 Estimates as AI Threats Drive Demand appeared first on Blockonomi.

news.bitcoin.com Ethena Labs Moves Into Institutional Off-Chain Lending With Anchorage Digital

Anchorage Digital has expanded its Atlas Collateral Management platform through a new arrangement with Ethena Labs, positioning the federally chartered crypto bank as collateral manager for Ethena’s institutional lending operations. What the Deal Does Under the structure, Anchorage Digital holds and monitors collateral, while Ethena Labs deploys capital into institutional loans, Anchorage detailed in a […]

cryptobriefing.com Arm Holdings CEO says US faces near-impossible challenge in banning AI CPU chip exports to China

Restricting CPU exports could disrupt global tech supply chains, stifle innovation, and challenge US-China tech relations, impacting global markets. The post Arm Holdings CEO says US faces near-impossible challenge in banning AI CPU chip exports to China appeared first on Crypto Briefing.

bitcoinmagazine.com Bitcoin Stocks, Led By Strategy (MSTR), Take a Beating as BTC Price Sells Off

Bitcoin Magazine Bitcoin Stocks, Led By Strategy (MSTR), Take a Beating as BTC Price Sells Off  Bitcoin’s drop into the mid-$67,000s — driven by ETF outflows, Mt. Gox movements, geopolitical tension, and Strategy’s first BTC sale in years—triggered an outsized selloff in crypto-linked stocks. This post Bitcoin Stocks, Led By Strategy (MSTR), Take a Beating as BTC Price Sells Off  first appeared on Bitcoin Magazine and is written by Micah Zimmerman.

blockonomi.com Bitcoin Price Falls Below $67K as Weekly Losses Top 11%: Can Bulls Reclaim Control?

TLDR Bitcoin dropped below $67,000 after weekly losses rose above 11%. Strategy sold 32 Bitcoin for the first time in four years. Bitcoin ETFs remained under pressure as market sentiment weakened further. The AG Pro OBV Pressure Divergence indicator showed bearish market pressure. Bulls need Bitcoin above $71,015 to regain short-term control. For the last [...] The post Bitcoin Price Falls Below $67K as Weekly Losses Top 11%: Can Bulls Reclaim Control? appeared first on Blockonomi.

bitcoinmagazine.com U.S. Treasury Sanctions Iran’s Largest Crypto Exchange in Sweeping Economic Warfare Push

Bitcoin Magazine U.S. Treasury Sanctions Iran’s Largest Crypto Exchange in Sweeping Economic Warfare Push The U.S. Treasury designated Nobitex and three other Iranian crypto platforms—along with key executives—under counterterrorism and financial-sector authorities, intensifying U.S. efforts to disrupt Iran’s digital asset network and sanction evasion activities. This post U.S. Treasury Sanctions Iran’s Largest Crypto Exchange in Sweeping Economic Warfare Push first appeared on Bitcoin Magazine and is written by Micah Zimmerman.

bitcoinist.com US Treasury Cracks Down On Crypto Ties To Iran: 4 Exchanges Receive New Sanctions

The US Treasury has announced a new round of Iran-related sanctions targeting crypto channels used to move value across borders, with Treasury officials arguing that Iran has turned to digital asset tools to bypass restrictions and maintain access to international funds. New Iran Sanctions On Crypto Exchanges The Treasury’s Office of Foreign Assets Control (OFAC) […]

news.bitcoin.com Blackrock IBIT Sheds $440M as Bitcoin ETF Outflows Reach 11 Days

Crypto exchange-traded fund (ETF) flows opened June on a defensive note, with bitcoin funds losing nearly half a billion dollars and ether products extending their outflow streak to 15 trading days. Yet XRP and HYPE ETFs again attracted fresh capital, showing that investors are still making selective bets beyond the largest crypto assets. XRP ETFs […]

cryptobriefing.com New York Department of Financial Services partners with European Banking Authority to enhance stablecoin oversight

Enhanced regulatory collaboration could lead to more robust consumer protection and reduced regulatory arbitrage in the stablecoin market. The post New York Department of Financial Services partners with European Banking Authority to enhance stablecoin oversight appeared first on Crypto Briefing.

bitcoinist.com Why Are XRP ETF Inflows Growing While Bitcoin And Ethereum Are Bleeding?

On-chain data shows that XRP exchange-traded funds (ETFs) have continued to attract steady inflows, while Bitcoin and Ethereum ETFs have recorded consecutive days of outflows. The difference in fund flows and investor demand suggests that institutions and large players are increasingly favoring the altcoin exposure over Bitcoin and Ethereum despite their waning price action. At […]

news.bitcoin.com Bitcoin Sinks to $66,346 as $1.35B in Long Liquidations Accelerate Market Selloff

Bitcoin experienced a sharp decline in early June 2026, tumbling more than 6% in 24 hours to an intraday low of $66,948. Market Cap and Liquidation Crunch Bitcoin’s poor start to June continued as the cryptocurrency tumbled below $67,000, hitting another multi-week low. The daily chart shows bitcoin steadily declining from just over $71,500 late […]

cryptobriefing.com Ben Goertzel advocates for decentralized AGI development, pushes back on government ownership of AI

Decentralized AGI development could democratize AI innovation, reducing risks of power concentration and fostering collaborative technological progress. The post Ben Goertzel advocates for decentralized AGI development, pushes back on government ownership of AI appeared first on Crypto Briefing.

news.bitcoin.com Coinbase Bets on Proshares ETF as Stablecoin Reserve Standards Evolve

Coinbase invested in Proshares’ GENIUS Money Market ETF as stablecoin reserve standards evolve. The fund uses short-term U.S. Treasurys, cash, and cash equivalents, giving issuers another compliance-focused option for backing payment stablecoins. Coinbase’s IQMM Investment Points to a New Reserve Era for Stablecoins Crypto exchange Coinbase Global Inc. (Nasdaq: COIN) announced on June 2 that […]

blockonomi.com AI Stocks Explode: Hewlett Packard Enterprise (HPE) Rockets 25%, Marvell Technology (MRVL) Jumps 30%

Hewlett Packard Enterprise (HPE) surged 25% on earnings beat while Marvell Technology (MRVL) jumped 30% after Nvidia CEO's bullish comments on AI growth. The post AI Stocks Explode: Hewlett Packard Enterprise (HPE) Rockets 25%, Marvell Technology (MRVL) Jumps 30% appeared first on Blockonomi.

blockonomi.com BitGo Bank & Trust and Concrete Partner to Offer Institutional DeFi Access in Qualified Custody

TLDR: BitGo Bank & Trust is OCC-chartered, providing the regulated custodial layer for the new institutional DeFi platform. Concrete’s vault architecture uses synthetic asset representations to reduce bridge risk in onchain strategies. Institutions can access vetted onchain vault strategies without moving assets out of qualified custody. Both firms plan to expand the platform to support [...] The post BitGo Bank & Trust and Concrete Partner to Offer Institutional DeFi Access in Qualified Custody appeared first on Blockonomi.

blockonomi.com Microsoft Rolls Out MAI-Code-1 to Challenge AI Coding Rivals

TLDR Microsoft launched MAI-Code-1 to generate source code from written prompts. MAI-Code-1 is available through GitHub Copilot and Visual Studio Code. Microsoft introduced MAI-Thinking-1 as a reasoning model focused on lower token costs. MAI-Thinking-1 is available in private preview through Microsoft Foundry. Microsoft is building more in-house AI models while still partnering with OpenAI and [...] The post Microsoft Rolls Out MAI-Code-1 to Challenge AI Coding Rivals appeared first on Blockonomi.

blockonomi.com Ethena Partners with Anchorage Digital to Enhance Institutional Crypto Lending Infrastructure

Ethena partners with Anchorage Digital's Atlas platform to secure institutional crypto lending with regulated custody controls and real-time collateral oversight. The post Ethena Partners with Anchorage Digital to Enhance Institutional Crypto Lending Infrastructure appeared first on Blockonomi.

blockonomi.com Gold Overtakes US Treasuries as Top Central Bank Reserve Asset, ECB Reveals

TLDR Gold accounted for 27% of global central bank reserves at the end of 2025. US Treasuries fell to 22% of total official reserves, according to the ECB report. The ECB linked the shift mainly to gold’s sharp price rally in 2024 and 2025. Sanctions risk and geopolitical tensions pushed central banks to reassess reserve [...] The post Gold Overtakes US Treasuries as Top Central Bank Reserve Asset, ECB Reveals appeared first on Blockonomi.

news.bitcoin.com Altcoin Season Index at 49 — Traders Need Bitcoin Dominance Below 55% to Trigger Rotation

Bitcoin’s correction below $70,000 has pulled its market dominance down to roughly 58% and pushed the Altcoin Season Index to 49, raising real questions about whether capital is rotating out of BTC and into altcoins, though the data does not confirm a full altseason yet. Bitcoin Dominance Slides as BTC Loses Ground Bitcoin dominance ( […]

bitcoinist.com Bitcoin’s On-Chain Landscape Looks Far Different From Its 2021 Bull Market Peak

Given the prolonged waning price action, the Bitcoin network is starting to feel this bearish pressure, leading to a sharp decline in activity across the network. After a period of downward performance, the level of activity and participation within the network has significantly dropped below levels seen in previous bull market cycles. How Bitcoin’s Network […]

bitcoinmagazine.com A Little Story About Inflation – An Excerpt from Bitcoin: The Honest Money

Bitcoin Magazine A Little Story About Inflation – An Excerpt from Bitcoin: The Honest Money An excerpt from Bitcoin: The Honest Money uses the rising cost of ice cream to explain how inflation devalues money, wages, savings, and time. This post A Little Story About Inflation – An Excerpt from Bitcoin: The Honest Money first appeared on Bitcoin Magazine and is written by Alex v. Frankenberg.