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Largest US economy, California, moves to accept Bitcoin for state fees by passing new bill to Senate
The California State Assembly has unanimously passed AB 1180, a bill that allows state agencies to begin accepting Bitcoin and other digital assets as payment for certain regulatory fees. Authored by Assemblymember Avelino Valencia (D-Anaheim), the legislation cleared the Assembly floor on June 3 with a decisive 78–0 vote (2 NV) and is now under […]
Coinbase CEO fears Bitcoin replaces dollar if US debt grows as Elon Musk calls for firing of 215 Republicans
Brian Armstrong, the CEO of Coinbase, issued a stark warning this week: if U.S. lawmakers don’t get the national debt under control, Bitcoin could supplant the dollar as the world’s reserve currency. "If the electorate doesn't hold Congress accountable to reducing the deficit, and start paying down the debt, Bitcoin is going to take over […]
Ethereum and XRP steals spotlight in daily gains after Bitcoin reclaimed $106k
While Bitcoin (BTC) reclaimed the $106,000 threshold after a 2% price increase in the past 24 hours, Ethereum (ETH) and XRP outperformed with 3.5% and 5% daily growth, respectively. Bitcoin recently experienced an 8% correction since its all-time high of nearly $112,000 registered on May 22. A recent report by Bitfinex attributed the correction to […]
NYSE Arca submits filing to list Truth Social’s spot Bitcoin ETF
NYSE Arca has submitted a Form 19b-4 filing to the US Securities and Exchange Commission (SEC) seeking approval to list the Truth Social Bitcoin ETF, a spot Bitcoin exchange-traded fund (ETF) associated with Trump Media & Technology Group (TMTG). The move represents TMTG's latest foray into the cryptocurrency sector, aligning with President Donald Trump's pro-crypto […]
Consensys CEO Joe Lubin envisions Ethereum anchoring global finance, surpassing Bitcoin
Ethereum co-founder and Consensys CEO Joe Lubin believes ETH could ultimately become more valuable than Bitcoin (BTC), citing its utility and role in building a trust-based financial infrastructure. Lubin made the comments during an appearance on Rug Radio’s FOMO Hour podcast, where he also revealed that Consensys is in talks with sovereign wealth funds and […]
Pump.fun considering token launch with $4B fully diluted value, $1B sale
Pump.fun plans to raise $1 billion through a token sale that would assign the Solana-based memecoin launchpad a $4 billion fully diluted token valuation, Blockworks reported on June 3, citing two people familiar with the matter. Sources said the offering will target both public and private buyers. However, they did not specify whether the new […]
Here’s what happened in crypto today
Today in crypto, education company Classover announced a Solana strategic reserve, a new job listing from Revolut suggests it might be planning to build a crypto derivatives business, and Robinhood has acquired Bitstamp for $200 million. Classover signs $500M convertible note deal for Solana reserve Classover, a K-12 education company, has announced a move into […]
Brad Garlinghouse denies Ripple’s reported $5 billion bid to acquire Circle
Ripple CEO Brad Garlinghouse said the company never tried to buy Circle, countering reports of a multibillion-dollar takeover bid. Georgetown Law professor Chris Brummer said Garlinghouse told him during an on-stage interview at a private event in Las Vegas on June 1 that Ripple "never pursued an acquisition of Circle" and the topic was not […]
Tether invests in Orionx to boost stablecoin use in Latin America
Tether has announced a strategic investment in Orionx, a digital asset platform operating in Latin America, according to a June 3 statement. The investment aims to accelerate the use of stablecoin-powered financial services across the region, particularly in underserved and inflation-prone economies. According to the statement, Orionx currently serves users in Chile, Peru, Colombia, and […]
NGX becomes first public Norwegian firm to adopt the Bitcoin standard, stock surges 138%
Norwegian Block Exchange (NBX) became the first publicly listed company in Norway to adopt a Bitcoin (BTC) treasury strategy, according to a press release. The firm announced the acquisition of 6 Bitcoin with plans to increase holdings to 10 BTC by the end of June. The move sent NBX shares soaring more than 138% following […]
Eric Trump and Donald Trump Jr. deny involvement in Magic Eden’s ‘Trump Wallet’
Eric Trump and Donald Trump Jr. denied involvement in Magic Eden's June 3 announcement of a partnership to develop a "Trump Wallet." On June 3, Magic Eden announced it was developing a new Trump wallet and shared a landing page with a public waitlist. The page promoted $1 million in TRUMP memecoin payouts through a […]
StanChart warns of potential liquidation risks for corporations adopting Bitcoin at high prices
A growing number of public companies are buying Bitcoin (BTC) for their balance sheets, but many could be exposed to significant losses if prices drop, according to a new Standard Chartered report shared with CryptoSlate. The bank’s research, authored by head of digital assets research Geoffrey Kendrick, highlighted that 61 companies now hold Bitcoin in […]
Classover to Issue Up To $500M for SOL Reserve
Classover, a K-12 education company, has announced a move into crypto through the creation of a Solana reserve. The company plans to issue up to $500 million in senior convertible notes, with 80% of the proceeds allocated to purchasing Solana (SOL). The move follows a growing pattern of companies expanding into crypto-related strategies along with […]
Binance founder CZ warns of Bitcoin treasury risks amid growing adoption
Changpeng Zhao, founder and former CEO of Binance, has urged companies adopting Bitcoin as a treasury asset to fully understand the risks involved with the top crypto. In a June 3 post on X, Zhao acknowledged that risk is an unavoidable part of doing business, but emphasized the importance of assessing and managing it properly. According […]
US Bitcoin ETFs navigate $1.2 billion outflows amid European retail approval
US-listed spot Bitcoin exchange-traded funds (ETFs) have entered a third consecutive day of outflows, shedding more than $1 billion. This trend reflects a shift in institutional sentiment as Bitcoin's price continues to hover around the $105,000 mark without a clear breakout. US Bitcoin ETFs outflow Data from SoSoValue shows that the 12 US-listed spot Bitcoin […]
XRP Ledger transaction volume dips in May as institutional interest rises
The XRP Ledger (XRPL) recorded a drop in transaction volume in May 2025, even as institutional adoption of the blockchain network continues to rise. According to data from XPMarket, XRPL processed over 50.1 million transactions last month, down from 54.8 million in April. Despite the decline, active wallets rose to 278,362, up from 252,000 in […]
Ripple RLUSD and Solana deals enhance Dubai crypto hub status
Dubai is cementing its role as a leading crypto-friendly hub through strategic collaborations with major blockchain firms. On June 3, financial authorities in the region announced different initiatives with Solana and Ripple to build on earlier efforts to integrate digital assets into its economy. These moves further position Dubai as a global center for blockchain […]
Strategy sits on up to $15.8B Q2 Bitcoin gains with sights on S&P 500 listing
Strategy (formerly MicroStrategy) expects to book $15.8 billion this quarter when it marks its Bitcoin treasury to market under Accounting Standards Update 2023-08. Per KPMG, the rule forces companies to carry crypto at fair value and run the change through net income, creating a one-off retained earnings lift for early adopters. Using Strategy’s 553,555 BTC […]
Bitstamp finally folds into Robinhood in $200M merger, unlocking global crypto passport
After a 12-month wait, the all-cash deal's completion adds 50-plus licences, four million customers, and an institutional revenue line to Robinhood’s arsenal. Robinhood has closed its year-long, $200 million takeover of Bitstamp, one of the world’s oldest crypto exchanges, catapulting the California fintech from a largely U.S. player into a regulator-blessed global heavyweight overnight. “Bitstamp […]
Coinbase delayed revealing data breach that may cost up to $400M, drops third-party vendor
Secret knowledge, sudden split: the crypto exchange faces mounting legal and regulatory heat for a four-month silence over a breach affecting at least 69,000 customers. Coinbase was alerted as early as January 2025 that hackers had siphoned tens of thousands of customer records from one of its overseas support vendors, but the exchange waited until […]