Author: John Smith
Singaporean financial authorities have issued a final warning to crypto exchanges operating in the region without a license. Exchanges are expected to cease operations by June 30 at the latest. According to a recent report by Bloomberg, the Monetary Authority of Singapore has prompted a number of crypto exchanges to reevaluate their operations in the region due to the crackdown. The notice was first issued at the end of May, followed by a clarification on June 6, which urged crypto firms to cease operations by June 30. “This move should also not come as a surprise to the industry as…
Ukrainian lawmakers are taking the next step toward bringing crypto into the nation’s financial reserves with a newly proposed bill. A group of lawmakers submitted a draft bill on June 10, 2025, proposing amendments to the Law on the National Bank of Ukraine that would allow virtual assets to be included in the country’s gold and foreign currency reserves. The initiative was led by MP Yaroslav Zhelezniak and co-sponsored by seven other members. The move follows Zhelezniak’s remarks in May, when he first mentioned plans to create a national crypto reserve as part of a broader effort to modernize Ukraine’s…
French authorities have arrested more suspects believed to be linked to a string of violent abductions targeting cryptocurrency executives and their families. According to a June 11 Barron’s report, the latest arrests were made on Tuesday as part of the ongoing investigation into a kidnapping-for-ransom operation. Officials have not disclosed the exact number of suspects apprehended, but sources familiar with the case confirmed that they are being held under France’s anti-organized crime provisions, which allow up to 96 hours of detention without charge. The arrests are tied to the May 1 abduction of the father of a wealthy crypto entrepreneur,…
World Network has upgraded its blockchain with native USDC support and Circle’s cross-chain transfer protocol. The update, announced by World Network on June 11, brings an end to bridged USD Coin (USDC) on World Chain, replacing it with fully-backed, native tokens issued directly by Circle. Native USDC will give its 27 million users a faster, more reliable way to move money. Until now, users held bridged versions of USDC, which are wrapped assets representing USDC from another chain. Native USDC, in contrast, is directly minted and redeemed by Circle, backed 1:1 by U.S. dollar reserves. This upgrade improves transparency, trust,…
XRP is trading in a tight range as attention turns to a key upcoming court deadline in the long-running SEC vs. oRipple case. XRP (XRP) is trading at $2.26 at press time, down 1.2% daily and hovering near the midpoint of its weekly range between $2.09 and $2.33. Despite muted price action, the asset is still above a key support and showing signs of compression, often a sign of impending volatility. A slight decrease in market participation is indicated by the spot trading volume, which is down 4.1% from the previous day. However, data from Coinglass shows derivatives volume rose…
Solana (SOL) is currently trading around $166.89, reflecting a 5.99% rally in the past 24 hours. This surge follows a solid recovery from the $147 support level. In this article, we will look at Solana next target by looking at technicals and latest news. For on-demand analysis of any cryptocurrency, join our Telegram channel. Solana Next Target Current Price: $166.89 24h Price Change: +5.99% 24h High/Low: $168.33 / $156.89 Recent Range: $156 – $167 Market Cap: ~$87.5 billion 24h Trading Volume: ~$5.9 billion Circulating Supply: ~525 million SOL Price is in an Uptrend, confirmed by a break above 200-day Moving Average ($645). Price could…
The U.S. Senate voted 68-30 on Wednesday to invoke cloture on the GENIUS Act, a major stablecoin bill, paving the way for a final floor vote scheduled for next Monday. If passed, the bill could set the first national regulatory framework for stablecoins in the United States. The GENIUS Act—short for the Guiding and Establishing National Innovation for US Stablecoins—requires stablecoin issuers to maintain 100% reserves, submit to annual audits if they hold over $50 billion in market cap, and adhere to rules for foreign issuers. It could serve as a benchmark for stablecoin regulation in the U.S. financial system.…
The Nigerian Securities and Exchange Commission has issued a renewed warning against Crypto Bridge Exchange. The exchange, also known as ST Technologies International Ltd, Smart Treasure, or Super Technology, has reportedly resumed operations across the country despite lacking regulatory approval. According to the Nigerian SEC, CBEX has been soliciting payments from users seeking to withdraw funds from the platform. Specifically, the exchange is demanding $200 from users with balances exceeding $1,000 and $100 from those with lower amounts before withdrawals can be processed. The Commission stated that such activities are unauthorized and violate Nigeria’s Investments and Securities Act 2025. In…
Solana has surged 17% from its recent support level, rallying off a strong confluence zone at $143. Now, price action faces a critical test at the $176 resistance. Whether Solana breaks through or rejects from here could define its next major move. After a sharp rebound from a high-confluence support zone, Solana (SOL) is now trading near a crucial resistance level that could determine its short-term direction. The rally off the $143 level, supported by the 0.618 Fibonacci retracement and weekly support, has brought price into a region packed with multiple overhead resistances, including the point of control, the daily…
Bitcoin is entering a period of volatility, as macro effects align for a short-term rally to $111,000, according to Bitfinex Head of Derivatives Jag Kooner. Macro factors, including a potential U.S.– China trade deal and cooler-than-expected inflation figures, are aligning to support another Bitcoin (BTC) ally. On Wednesday, June 11, Jag Kooner, Head of Derivatives at Bitfinex, shared his insights on Bitcoin with crypto.news. Kooner believes that a possible agreement between the U.S. and China could help reduce uncertainty and boost market sentiment. However, he noted that the optimism may already be priced in, meaning the immediate impact on markets…