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Moroccan police have arrested a dual-national French-Moroccan man wanted for an alleged connection with a series of kidnappings in France that targetted individuals with crypto holdings, Reuters reported on June 4, citing a source familiar with the case.
According to the source, Moroccan police identified the man as Bajjou Badiss Mohamed AmiDe, who is 24 years old and was subject to an Interpol...
Interconnections between centralized and decentralized crypto lending are heightening systemic risk, Galaxy Digital’s research arm said in a June 4 report on first-quarter borrowing data.
The report estimated that as of March 31, over $39 billion in crypto-collateralized debt was outstanding across decentralized lending apps, centralized lenders, and crypto-backed stablecoin issuers.
DeFi...
Ethereum Foundation has released a sweeping update to its treasury management strategy, signaling a more mature, structured approach to capital allocation amid ETH’s growing global influence and rising institutional scrutiny.
The new framework, published on June 4, outlines how the foundation will manage reserves, deploy capital in DeFi protocols, and assess privacy standards, while maintaining...
Brazil’s Central Bank plans to treat transaction data from its central bank digital currency (CBDC) infrastructure, called Drex, as a direct input for setting the country’s interest rate benchmark.
Central bank executive Henrique Videira said on June 4 at the Token Nation conference in São Paulo that every payment and asset transfer recorded on Drex’s distributed ledger will generate a time-...
Circle is poised to price its initial public offering above its marketed range after receiving investor orders for more than 25x the number of shares available, Bloomberg reported on June 4, citing people familiar with the matter.
The stablecoin issuer and its backers are offering 32 million shares at a price range of $27 to $28, aiming to raise up to $896 million.
At the high end of that range,...
Upcoming exchange-traded funds (ETFs) that integrate staking yields stand to benefit significantly as US lawmakers and regulators clarify the legal status of on-chain rewards, according to a June 3 report.
The report noted points to two parallel policy moves. First, the US Securities and Exchange Commission (SEC) confirmed on May 29 that staking does not constitute a securities sale, provided...
New data from the latest 13F filings reveals a sharp increase in institutional interest in spot Bitcoin ETFs, with registered investment advisors (RIAs) emerging as the dominant players.
Bloomberg’s senior ETF analyst, Eric Balchunas, highlighted that RIAs have now taken the lead among institutional holders of Bitcoin ETFs. Collectively, this group holds exposure to more than 124,000 BTC, which...
JPMorgan is set to begin accepting Bitcoin (BTC) exchange-traded funds as collateral for loans, Bloomberg News reported on June 4.
The lender also plans to consider digital asset holdings when evaluating a client’s net worth and liquid assets, placing crypto alongside traditional categories such as equities, vehicles, and fine art when assessing lending eligibility.
The move signals growing...
Crypto exchange WazirX suffered a major legal blow after the Singapore High Court rejected its restructuring proposal to relaunch operations following a $230 million hack in July 2024.
On June 4, WazirX announced that its request for court approval had been denied, saying:
“The Honourable Singapore High Court issued an order declining to approve our proposed restructuring plan. While this outcome...
Institutional interest in the XRP Ledger (XRPL) continues to grow, as does the number of scams exploiting the ecosystem.
On June 4, Panos Mekras, co-founder of Anodos Finance, a leading DeFi platform built on XRPL, raised concerns over the proliferation of fraudulent projects piggybacking on the blockchain network’s growing visibility.
In the X post, Mekras warned the community about the influx...