Day: 25 June 2025

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).  Speaking at the World Economic Forum’s Summer Davos event, Li underscored unresolved questions surrounding the classification of stablecoins ...

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. On Wednesday, June 25, blockchain security firm PeckShield Alert flagged renewed activity from wallet addresses linked ...

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. Launched on June 24, 2025, the $DMC token is now actively trading on major crypto ...

Road Town, Tortola, 25th June 2025, Chainwire

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. In its 2025 Annual Economic Report released June 24, the BIS criticized stablecoins for failing to meet three ...

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 stock saw an additional 1.14% bump in after-hours trading, ending the session ...

A stablecoin pegged to the Russian ruble has quietly processed more than $9.3 billion in transactions just four months after its launch, according to a Financial Times investigation. The digital asset, named A7A5, debuted in February 2025 in Kyrgyzstan and is marketed as the first ruble-backed stablecoin designed for cross-border ...

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. The deal also includes the appointment of crypto-focused entrepreneur Sath Ganesarajah as Non-Executive Chairman. ...

South Korea’s top commercial banks are uniting to launch a won-pegged stablecoin, marking a significant move to reclaim control over the domestic digital asset space as foreign-issued dollar stablecoins grow increasingly dominant. As reported on June 25 by Economic Review, eight major banks—KB Kookmin, Shinhan, Woori, Nonghyup, Industrial Bank of ...

Paris, Zug, France/Switzerland, 25th June 2025, Chainwire