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Bitcoin (BTC) has traded between $100,000 and $110,000 for a seventh consecutive week due to slower profit realization, cooling transfer volume, and a cautious derivatives backdrop, according to a June 26 Glassnode report.
The report cited the market’s struggles to extend May’s all-time high rally, with the 30-day realized profit gauge peaking in early May, then declining as traders secured the...
Cryptocurrency exchange Kraken unveiled Krak, a new mobile payment app that allows users to send digital assets and fiat currencies to recipients in more than 110 countries.
The app supports over 300 currencies and aims to usurp the dominance of established financial apps such as PayPal, Venmo, and Cash App.
Developed to offer a faster and more flexible alternative to traditional finance tools,...
RedStone, risk-modeling firm Gauntlet, and analytics provider RWA.xyz project that the on-chain market for tokenized real-world assets (RWA) could reach as much as $30 trillion by 2034, according to a joint report from June 26.
Researchers calculate that tokenized RWAs, excluding stablecoins, expanded from roughly $5 billion in 2022 to more than $24 billion by June 2025, an 85% year-over-year...
The House passed HB 1664 on June 26, which designates the Secretary of Commerce as the President’s principal advisor on matters involving distributed-ledger technology
The measure, introduced by Rep. Kat Cammack and co-sponsored by Rep. Darren Soto, passed by voice vote under suspension of the rules on June 26, according to the chamber’s floor summary.
The Deploying American Blockchains Act of...
Ripple has partnered with Wormhole, a cross-chain messaging protocol, to bring multichain support to the XRP Ledger (XRPL) and its upcoming Ethereum Virtual Machine (EVM) sidechain.
According to the June 26 statement, the integration will introduce advanced functionality to the XRPL and allow assets and data to flow freely between it and over 35 other blockchain networks.
This move follows a...
US District Judge Analisa Torres has denied a joint request from the US Securities and Exchange Commission (SEC) and Ripple Labs to dissolve an earlier court order and lower Ripple’s financial penalty.
The ruling, issued on June 26, firmly rejected the attempt to undo a prior judgment tied to Ripple’s violations of securities laws through its XRP sales.
The SEC and Ripple had asked the court to...
A senior figure in India’s ruling Bharatiya Janata Party (BJP) has called for the country to consider integrating Bitcoin into its official reserve strategy.
On July 26, Pradeep Bhandari, a spokesperson for the BJP, encouraged Indian policymakers to adopt a measured approach to Bitcoin, suggesting that even a small-scale pilot program could strengthen India’s economic resilience and align the...
Hong Kong released a second policy statement to accelerate its digital asset (DA) development and reinforce its ambition to become a global leader in financial innovation.
The latest statement, dated June 26 and dubbed “Policy Statement 2.0,” expands on the framework laid out in its initial release from October 2022.
According to the Hong Kong government, the updated strategy creates a vision for...
Bitcoin miners are holding onto their assets even as mining profitability dips to multi-month lows, a new CryptoQuant report shared with CryptoSlate shows.
The data reveals that miner revenues dropped to $34 million on June 22, marking their weakest earnings since April 20.
Bitcoin Miners Daily Revenue (Source: CryptoQuant)
This comes amid a broader market pullback and a drop in transaction...
Kraken has become the first major global crypto exchange to secure a full Markets in Crypto-Assets (MiCA) license through the Central Bank of Ireland, enabling the company to offer regulated digital asset services across all 30 European Economic Area (EEA) countries.
The license, granted June 26, positions Kraken ahead of the European Union’s year-end MiCA compliance deadline for crypto asset...