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VanEck’s planned Solana (SOL) exchange-traded fund has been listed with the Depository Trust...
The Senate approved the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act in a 51-23 vote on June 17, sending the measure to the House for consideration.
The vote followed a 68-30 cloture decision on June 11 that cut off debate and started the mandatory 30-hour countdown to the final roll call.
Senator Bill Hagerty (R-Tenn.), the bill’s lead sponsor, called the vote “a...
Bitcoin (BTC) continued its pullback on June 17, sliding over 4% amid renewed military and political friction between Israel and Iran.
The flagship crypto fell to an intraday low of $103,300 before bulls stepped in to steady the price and push it back above $104,000,
As of press time, Bitcoin was trading at $104,439, down roughly 3.87% over the past 24 hours. Meanwhile, the wider crypto market...
JPMorgan will pilot a dollar-denominated deposit token called JPMD on Coinbase’s Base blockchain within days, global blockchain division co-head Naveen Mallela said in an interview with Bloomberg News on June 17.
The test will transfer a fixed amount of JPMD from the bank’s digital wallet to Coinbase, making the token available to selected institutional users for payments and settlements....
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 $...