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Treasury Secretary Scott Bessent stated on June 17 that stablecoins could cut federal borrowing costs and slow debt growth if Congress sends the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act to the president.
In an X post, he pointed to research projecting a $3.7 trillion stablecoin market by 2030 and argued that the bill would accelerate that expansion by setting...
Coinbase is seeking permission from the U.S. Securities and Exchange Commission (SEC) to launch blockchain-based equities, Reuters reported on June 17, citing the exchange’s chief legal officer, Paul Grewal.
The plan would enable Coinbase to offer digital tokens that represent ownership in publicly listed companies, effectively merging traditional equity markets with blockchain infrastructure.
If...
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 usage thresholds, also marks the detailing of the eligibility...
Thailand has announced a significant tax reform to position itself as a leading crypto-friendly nation.
On June 17, the country’s Cabinet approved a five-year personal tax exemption on profits from selling digital assets, including Bitcoin. The measure takes effect from January 2025 and will run until December 2029.
Deputy Finance Minister Julapun Amornvivat explained on the social media platform...
Ethereum staking has reached a new milestone, with over 35 million ETH now locked across various platforms, according to Dune Analytics data.
This accounts for nearly one-third of the crypto’s total supply and reflects a growing preference among holders to earn passive rewards by securing the network.
Ethereum Staking (Source: Dune Analytics)
Lido remains the largest staking provider, holding 8....
Over the past seven trading days, spot Bitcoin ETFs saw $1.7 billion in total inflows, marking their strongest weekly streak in over a month.
The reversal from late May’s outflows culminated with escalating military tensions between Israel and Iran, indicating a shift in investor behavior toward Bitcoin in periods of geopolitical uncertainty.
Between June 10 and June 17, daily inflows averaged $...
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...
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 data.
The divestment affected three of Ark’s exchange-traded funds (...
The post Lawmakers think stablecoins are GENIUS: Inside the new US stablecoin bill appeared first on CryptoSlate.
Coinbase CEO Brian Armstrong recently met with senior policymakers in the United Kingdom to support the country’s ongoing efforts to shape clear crypto regulations.
In a June 16 post on X, Armstrong revealed he had been in London, pictured outside Downing Street, for discussions focused on positioning the UK as a leading crypto hub.
While he didn’t share specific details of who he met or the...