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Mercurity Fintech Holding, a digital finance firm traded on Nasdaq, has announced plans to raise $800 million to establish a long-term Bitcoin treasury reserve. Key Takeaways: Mercurity plans to raise $800M to build a long-term Bitcoin treasury reserve. The initiative includes tokenized treasury tools to enhance yield and asset durability. Over 223 public companies now…
Singapore police are investigating 49 individuals for suspected involvement in money laundering schemes tied to crypto accounts, the police announced on June 12. Key Takeaways: Singapore police are investigating 49 individuals accused of selling crypto account access for cash via messaging apps. The suspects allegedly enabled laundering of scam proceeds by handing over login credentials…
Democratic Senators Elizabeth Warren and Richard Blumenthal launched a direct challenge against Meta’s CEO Mark Zuckerberg, sending a formal letter on Wednesday demanding comprehensive disclosure about the tech company’s revived interest in stablecoin payment systems. The timing of this congressional inquiry proves particularly significant, as the Senate prepares to vote on upcoming stablecoin regulation legislation….
Japan is preparing to urge G7 nations to launch a coordinated response against North Korea’s growing involvement in cryptocurrency theft, with Prime Minister Shigeru Ishiba expected to raise the issue at the upcoming summit in Canada from June 15 to 17. Key Takeaways: Japan will urge G7 nations to coordinate action against North Korean crypto…
After two days of rising prices, the crypto market is down today. Nearly all top 100 coins have recorded decreases over the past 24 hours. The cryptocurrency market capitalization has dropped by 4% to $3.51 trillion. The total crypto trading volume is at $132 billion. TL;DR: The market turns red today, most top 100 coins…
DeFi Development Corp has withdrawn its $1 billion registration filing with the U.S. Securities and Exchange Commission (SEC) after the regulator found the company ineligible to use the streamlined S-3 form. The setback stems from a missing internal controls report in the company’s most recent Form 10-K. The company, which is listed on Nasdaq and…
As Bitcoin once again breaks through the $110,000 mark, APT Miner announced a new incentive plan in response to the growing interest of global users in convenient mining methods. In order to attract more users to participate, the platform now launches a limited-time registration reward – new users will receive $15 in computing power upon…
Crypto payments just got simpler. SpacePay is changing how we think about digital payments by letting customers use crypto at regular stores without downloading new apps or convincing merchants to buy expensive equipment. Most crypto payment solutions ask too much from both customers and businesses. Customers need specific apps. Merchants need new hardware. SpacePay takes…
XRP is currently trading at $2.29, up 3.5% in the past 24 hours. Just recently, 50 million XRP tokens (worth $108 million at the time of the transfer) were also transferred from one unknown wallet to another earlier this Friday. Of these, long positions were $11 million and short positions were $7 million. The entire…
Ethereum exchange-traded funds have outpaced Bitcoin ETFs, recording a massive $240.29 million in daily net inflows on Wednesday that eclipsed Bitcoin ETFs’ $164.57 million, marking the 18th consecutive day of positive flows into spot ETH ETFs. Total Ethereum Spot ETF Net Inflow Source: SoSoValue This surge represents the highest single-day inflows for Ethereum ETFs in…