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Ripple is scaling up its global blockchain education efforts with a fresh commitment of more than $5 million in funding to universities across the Asia-Pacific (APAC) region, according to a June 10 statement.
The crypto payment company stated that the investment will be channeled through Ripple’s University Blockchain Research Initiative (UBRI), targeting institutions in South Korea, Japan,...
Societe Generale-FORGE (SG-FORGE), the crypto-asset arm of French banking giant Societe Generale, has announced the launch of a new U.S. dollar-pegged stablecoin, the USD CoinVertible (USDCV), set to operate natively on both the Ethereum and Solana public blockchains.
The launch marks SG-FORGE’s second stablecoin initiative, following the EUR CoinVertible (EURCV) release in April 2023. Like its...
Ripple’s stablecoin RLUSD expanded its circulating supply by 29% in the week ended June 8, adding $72.5 million and closing at $320.6 million.
The movement marks the first time the token’s float crossed the $300 million threshold. Additionally, it represents a sixfold increase since the launch of RLUSD on Dec. 17, 2024.
Data from Artemis shows the additional issuance coincided with a 38% increase...
Bitcoin (BTC) rebounded above $110,000 on June 9, regaining ground lost in last week’s selloff as investors rotated back into digital assets on the back of strong ETF inflows, easing macroeconomic tensions, and renewed optimism across risk markets.
The world’s largest crypto reached an intraday high of $110,653 from a daily low of $105,426 earlier in the day during Asia and UK trading sessions. ...
ProShares Trust and Bitwise each filed preliminary prospectuses with the Securities and Exchange Commission (SEC) on June 6 for exchange-traded funds (ETF) designed to track Circle’s CRCL shares.
The ProShares Ultra CRCL ETF is a 2x leveraged product that seeks to deliver twice the daily move in CRCL by utilizing swaps and other derivatives, as stated in the Form N-1A registration.
Bitwise’s CRCL...
BiT Global, a crypto custody firm tied to entrepreneur Justin Sun, has voluntarily dismissed its lawsuit against Coinbase over the delisting of Wrapped Bitcoin (WBTC).
The move ends a months-long legal dispute that spotlighted growing tensions between centralized exchanges and token custodians as control over key infrastructure becomes increasingly contested.
Filed on June 6 in the US District...
BlackRock’s iShares Bitcoin Trust (IBIT) exchange-traded fund (ETF) crossed $70 billion in assets under management (AUM) on June 6, being the fastest to reach this mark in just 341 trading days.
Bloomberg ETF analyst Eric Balchunas reported the milestone on X, noting that the fund beat the previous speed record of 1,691 days set by the SPDR Gold Shares ETF (GLD) by five times.
Fastest path to $...
Visa and Chainlink have completed a key milestone in the Hong Kong Monetary Authority’s (HKMA) e-HKD+ Pilot Programme, successfully testing a cross-border blockchain transaction using central bank digital currency (CBDC) and stablecoins.
The trial, conducted in partnership with ANZ, ChinaAMC, and Fidelity International, is one of the first real-world simulations of programmable money being used...
US Securities and Exchange Commission (SEC) Chairman Paul Atkins told the agency’s fifth cryptocurrency roundtable on June 9 that the ability to hold crypto without an intermediary belongs at the core of US law.
Atkins opened the “DeFi and the American Spirit” session by linking decentralized (DeFi) finance with the country’s traditions of private property rights and open markets.
He described...
The Paraguayan government made an official statement that President Santiago Peña’s verified X account was hacked and published an unauthorized declaration that Bitcoin (BTC) would be made legal tender on June 9.
The post also included a false plan to establish a Bitcoin treasury and add $5 million in BTC. The compromised account displayed an image titled “”Presidential speech about Bitcoin...