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If FHFA chooses to advance this policy, it signifies that cryptocurrency is transitioning from an investment asset to a practical financial tool.
Bluebird Mining Ventures Ltd, a pan-Asian gold project developer listed on the FTSE, has announced a strategic shift into digital assets with the signing of a £2 million funding facility to initiate a Bitcoin treasury strategy.
Shares in SharpLink Gaming (NASDAQ: SBET) jumped over 7% on June 24, closing at $9.66, after the sports betting firm announced it had deepened its commitment to Ethereum with a fresh $30 million investment in the cryptocurrency.
The Bank for International Settlements (BIS) has issued a stark warning against the growing reliance on stablecoins, arguing that they fall short of functioning as legitimate money within a modern financial system.
Venture capital firm ThreeD Capital has announced its backing for the successful launch of DeLorean Labs’ new cryptocurrency token, $DMC, marking a pivotal moment in the legendary automaker’s evolution into a digital and electric future.
The attacker behind the $12 million exploit of Cork Protocol in May has resurfaced, sparking fresh concerns over fund recovery efforts as they launder millions through Tornado Cash and make a surprising public donation.
The global race to regulate stablecoins is picking up speed. However, two critical issues still cloud the path forward, according to Bo Li, Deputy Managing Director at the International Monetary Fund (IMF).
- 23:44Consensys Founder Considers Increasing Leverage for Ethereum Treasury Firm SharplinkAccording to a report by Jinse Finance, in an interview with Bloomberg on Thursday, Consensys founder and CEO Lubin stated that he is considering introducing leverage to Sharplink Gaming Inc., where he serves as chairman. Sharplink Gaming Inc. is a sports betting and gaming technology company that has recently transformed into an Ethereum treasury company. Lubin said, "Sharplink currently has no debt." However, he added, "We may take some steps to bring leverage to the company, possibly through convertible equity. We will issue long-term bonds at low interest rates. We will not put the company's strategy at risk."
- 23:34Overview of Key Overnight Developments on June 2721:00-7:00 Keywords: Paypal, Ripple, Crypto Structure Bill 1. Fed’s Collins: A rate cut in July may be premature; 2. Trump: It would help if the Fed lowers interest rates; 3. Paypal CEO: We are creating real stablecoin use cases for customers; 4. Judge has denied the motion by Ripple and the US SEC to pause the appeal; 5. The US House of Representatives has passed a bill directing the Department of Commerce to promote blockchain technology; 6. Chairman of the US Senate Banking Committee: The crypto market structure bill will be completed by September 30; 7. White House digital asset policy advisor: The US is working on building infrastructure for a strategic Bitcoin reserve; 8. The Federal Housing Finance Agency, Fannie Mae, and Freddie Mac have jointly established the US Fintech LLC.
- 23:34Fed’s Kashkari: Labor Market Remains Strong, No Sudden DownturnAccording to Jinse Finance, Federal Reserve’s Kashkari stated that the job market remains strong and has not deteriorated rapidly. He emphasized the need to proceed cautiously until more is known about inflation related to tariffs. (Jin10)