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Venezuelans turn to stablecoins as Government arrests Instagram FX rate account mods
Venezuela’s government has arrested at least 20 moderators of the popular Instagram page “Monitor Dólar,” accusing them of terrorism, money laundering, and fraud for publishing the widely used parallel exchange rate, Interior Minister Diosdado Cabello has reported.. The sweep, which began in night‑time raids on May 29, revives tactics last seen during the country’s 2013‑18 hyper‑inflation […]
Donald Trump’s advisor Bo Hines meets Nayib Bukele as US eyes El Salvador’s Bitcoin strategy
Bo Hines, who leads President Donald Trump’s advisory council on digital assets, recently met with El Salvador’s President Nayib Bukele to discuss potential partnerships in the crypto space. In a post shared on June 5, Hines revealed that the meeting centered around digital asset development and a shared ambition to reshape global finance. He also […]
AEON Integrates TRON Network to Enable Seamless In-Store Payments
Singapore – June 5, 2025 – AEON, the next-generation crypto framework built for payments, has integrated the TRON network to enable seamless in-store payments. Through AEON Pay, users can now transact using TRX, the native utility token of the TRON network. USDT and USDD on TRON for offline payments are also included to bring fast […]
Moroccan police arrests suspect behind recent crypto-related kidnappings in France
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 […]
Systemic risk on the rise as leverage interdependencies tighten between CeFi, DeFi and crypto treasuries
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 protocols accounted for […]
Ethereum Foundation unveils comprehensive treasury plan to balance capital and privacy commitments
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 use CBDC data to guide interest rate decisions
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 […]
Circle set to exceed IPO expectations after overwhelming investor demand
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 […]
US-based ETFs offering staking set for growth despite some regulatory, macro tailwinds
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 […]
RIAs surpass hedge funds in Bitcoin ETF holdings, manage over $10 billion in BTC
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 […]
JPMorgan to accept Bitcoin ETFs as loan collateral, consider digital holdings in evaluations
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 […]
WazirX relocates to Panama after Singapore court blocks restructuring efforts
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 […]
XRPL faces scam influx amid institutional interest boom
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 […]
Price predictions for BTC, ETH, XRP, BNB, SOL, DOGE, ADA, SUI, HYPE, LINK
Key points: Bitcoin remains at risk of falling to $100,000, but the long-term picture remains intact. Focus shifts to select altcoins, which are on track to rise above their respective overhead resistance levels. Bitcoin (BTC) is holding near the $105,000 level, but the failure of the bulls to sustain the bounce on June 3 suggests […]
Sentient’s AI chatbot Dobby Plus challenges OpenAI with open-source, user-governed AI model
Sentient, a decentralized AI company, has introduced Dobby Plus, an open-source chatbot now available on X and Hugging Face, according to a June 4 statement shared with CryptoSlate. This new model challenges proprietary AI systems from major tech firms like OpenAI and Anthropic. Dobby Plus According to Sentient, Dobby Plus is built on a decentralized […]
South Korea’s new president races to approve Bitcoin ETFs for 16 million traders
South Korea’s newly elected president Lee Jae-myung has vowed to legalize spot Bitcoin exchange-traded funds and launch a national KRW-backed stablecoin, which could turbocharge crypto adoption across Asia’s fourth-largest economy. Lee, a liberal firebrand and former mayor of Seongnam, clinched the presidency with 49.4% of the vote in the June 3rd snap election, ending months […]
Spanish coffee chain Vanadi seeks financial jolt with €1 billion Bitcoin gamble
Spanish coffee chain Vanadi Coffee is planning a bold shift as it seeks to transform from a struggling hospitality brand into a Bitcoin-centric holding firm. According to a report by Europa Press, the company is proposing a €1 billion (around $1.13 billion) allocation into Bitcoin as part of a broader financial overhaul. The announcement has […]
Can Solana maintain its momentum through 2025’s second half?
The post Can Solana maintain its momentum through 2025’s second half? appeared first on CryptoSlate. 🔐 Hardware Wallet Tip: Keep your SOL safe with a Ledger Nano X — the wallet trusted by millions of crypto users.
Bitcoin donation scandal triggers political crisis for Czech Prime Minister
A Bitcoin-linked scandal has thrown the Czech government into crisis. Prime Minister Petr Fiala is facing calls for a no-confidence vote from the opposition following Justice Minister Pavel Blažek’s resignation. The controversy stems from a Bitcoin donation tied to Tomáš Jirčikovský, a convicted criminal known for operating Sheep Marketplace, a dark web platform previously used […]
World Liberty Financial airdrops $47 USD1 stablecoin in symbolic ‘stimulus’ nod to Donald Trump
World Liberty Financial, a DeFi venture part-owned by a trust of US President Donald Trump, has kicked off a new airdrop campaign targeting early backers. On June 4, the blockchain analytics platform Lookonchain confirmed that the project began distributing $47 worth of its USD1 stablecoin to wallets that participated in the WLFI token sale. The airdrop, approved […]