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...
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...
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...
Crypto custody heavyweight BitGo is considering an initial public offering as early as the second half of 2025, driven by a 67% surge in assets under custody (AUC) and a surge in institutional demand. In a June 25...
Blockchain-based prediction market platform Polymarket is reportedly finalizing a $200 million funding round, a move that would push its valuation to the coveted $1 billion “unicorn” status, according to sources cited by Reuters and Bloomberg. The funding round...
In one of the largest crypto asset recoveries in U.S. law enforcement history, Coinbase has played a pivotal role in helping the U.S. Secret Service trace and reclaim $225 million in Tether (USDT) linked to widespread "pig butchering"...
Japan’s Financial Services Agency (FSA) has proposed a landmark reclassification of cryptocurrencies as financial products under the Financial Instruments and Exchange Act (FIEA) in a move poised to transform the country’s digital asset landscape. Introduced on June 24,...
The United States Federal Housing Finance Agency (FHFA) has announced that it will examine whether cryptocurrency holdings should be considered in mortgage qualification. This move could further integrate digital assets into the traditional financial system. In a post...
Turkey is tightening its grip on the crypto sector with a proposed set of sweeping regulations aimed at curbing money laundering and illicit financial activities, according to a report published June 24 by the state-run Anadolu Agency (AA)....
The U.S. Federal Reserve has announced a significant shift in its regulatory framework, directing its supervisors to stop considering “reputational risk” when overseeing banks — a move widely seen as a win for the cryptocurrency industry. The change...
