Author: John Smith

Cardano has launched Cardinal, its first decentralized finance protocol designed specifically for Bitcoin users.  The announcement was made by Cardano (ADA) founder Charles Hoskinson on June 9 via X. Developed by Input Output, the research and development team behind Cardano, Cardinal allows Bitcoin (BTC) holders to access DeFi services such as lending, staking, and borrowing without using traditional custodians or centralized bridges. Cardinal functions by wrapping Bitcoin, particularly its unspent transaction outputs. UTXOs are bits of Bitcoin that have been left over from transactions and are used to represent ownership. They are converted into wrapped tokens by the protocol, which…

South Korea’s Democratic Party has formally proposed the Digital Asset Basic Act, introducing a stablecoin licensing regime and expanded oversight under President Lee Jae-myung’s administration. During a June 10 press conference, lawmaker Min Byeong-deok announced the bill’s submission, calling it a foundational step toward comprehensive regulation of digital assets, including stablecoins, cryptocurrencies, and related service providers.  Min said the legislation was designed to enhance transparency and investor protection while positioning South Korea as a global leader in the digital economy. The Digital Asset Basic Act builds on the existing Virtual Asset Investor Protection Act, which came into effect in July…

Fartcoin could potentially see significant gains ahead amid hype surrounding an upcoming spot listing on Coinbase. According to data from crypto.news, Fartcoin (FARTCOIN) shot up 22% to an intraday high of $1.26 on June 10, morning Asian time, pushing its market cap past $1.23 billion, enough to flip Dogwifhat (WIF) in rankings. Open interest in Fartcoin’s futures market also reached an all-time high of $713 million today, indicating that traders are heavily speculating on further price movements. The long/short ratio on major exchanges is also above 1, signaling more traders are betting long than short, a bullish sign overall. Much…

Canary Capital has registered a Delaware trust for a staked Injective ETF, marking an early step toward potentially launching a tradable INJ product in the U.S. Canary Capital has established a trust for an exchange-traded fund offering exposure to staked Injective (INJ). The trust, named “Canary Staked INJ ETF,” was registered with the Delaware Division of Corporations and is designed to provide staking-based returns linked to the Injective blockchain. While this filing does not guarantee the fund will launch, it follows the common path taken by many crypto ETF issuers. A similar INJ product already exists in Europe, where asset…

Japanese banking firm SBI Holdings has announced a $50 million joint investment into Circle, following its recent $1.1 billion IPO. According to the financial giant’s official press release, the total investment worth at least $50 million will be divided equally between SBI Holdings and its subsidiary SBI Shinsei Bank. Each entity will contribute $25 million each into the USDC (USDC)-stablecoin issuer. The Japanese bank’s decision to invest in the stablecoin firm comes only a few days after the Jeremy Allaire-led company officially went public by listing on the New York Stock Exchange on June 5, 2025. The company cited Circle’s…

Uphold is weighing a potential initial public offering or strategic sale as it explores ways to fuel further growth. Digital asset platform Uphold is exploring a potential IPO in the U.S. or a strategic sale, CEO Simon McLoughlin told The Block. The company’s board has engaged investment bank FT Partners to evaluate its options, including a listing on the Nasdaq or a possible merger or acquisition with a financial or payments firm. “We’re currently being courted by a number of banks, brokers, financial institutions and payment firms,” McLoughlin told the Block. According to McLoughlin, an IPO could support Uphold’s longer-term…

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. As Solana courts institutions, Lightchain AI is winning early investors with $21m raised, a completed 15-stage presale, and real AI infrastructure already in motion. Solana may be setting its sights on institutional adoption, but Lightchain AI is attracting early movers with a presale engine that consistently delivers. With all 15 presale phases completed and a Bonus Round now underway at a fixed price of $0.007, the project has already drawn nearly $21 million in committed interest. This isn’t speculation,…

The recent public listing of stablecoin USDC issuer Circle has been all the buzz lately, particularly following its strong debut. But could the success have negative implications for Bitcoin? A recent report from crypto market analyst 10x Research suggests Circle’s initial public offering (IPO) may not be as bullish for the broader crypto market as it appears. Instead, it might be a cautionary tale for Bitcoin (BTC). The sentiment stems from historical parallels. Analysts are comparing Circle’s IPO to Coinbase’s public debut in 2021, which also recorded strong early success.  Is Circle’s IPO the Next Coinbase Moment—or a Signal to…

BlackRock spot Bitcoin ETF has officially become the fastest exchange-traded fund in history to surpass $70 billion in assets under management. According to a June 9 post on X by Bloomberg ETF analyst Eric Balchunas, the iShares Bitcoin Trust crossed the $70 billion mark in just 341 days, five times faster than the previous record of 1,691 days set by the SPDR Gold Shares ETF. IBIT now manages $71.9 billion in assets and holds 661,457 Bitcoin (BTC), making BlackRock the world’s largest institutional holder of Bitcoin, ahead of Binance and Strategy. The ETF is currently trading at $61.77 per share…

Under the leadership of Paul Atkins, the U.S. Securities and Exchange Commission is looking to fast-track crypto innovation through exemptions and tailored rulemaking. During the fifth meeting of the SEC’s Crypto Task Force roundtable titled DeFi and the American Spirit, Atkins outlined plans for a new “innovation exemption” that would provide conditional relief from certain regulatory requirements. While broader regulatory changes remain under development, the exemptions would provide a temporary structure to support the safe deployment of onchain services. Atkins said the exemptions would be designed to support firms that are willing to meet specified conditions while developing blockchain-based systems.…