Author: John Smith

Treasury Secretary Scott Bessent has told senators that the Trump administration remains committed to expanding the United States’ Strategic Bitcoin Reserve while pressing Congress to pass major crypto legislation this summer. Summary Treasury Secretary Scott Bessent said the Trump administration remains committed to expanding the U.S. Strategic Bitcoin Reserve. Bessent told senators that the reserve needs durable rules because it involves new technology and new legal ground. The Strategic Bitcoin Reserve was created by executive order and currently holds Bitcoin from criminal forfeitures and seizures. Bessent made the remarks on Wednesday during a Senate Finance Committee hearing on the Treasury…

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Kevin O’Leary spotlights Zero Knowledge Proof, drawing investor attention to its potential as global infrastructure. Summary Kevin O’Leary highlighted Zero Knowledge Proof, framing it as infrastructure that solves AI’s verification problem. ZKP uses cryptographic proofs so computations can be verified without exposing underlying data, targeting AI, finance, and healthcare use cases. The project claims $100M in pre-funding for its zk architecture, validator hardware, and dual consensus model combining computation and storage. When Kevin O’Leary speaks publicly about a project,…

Grayscale has revealed the ticker symbol for its proposed spot BNB exchange-traded fund after submitting another amended registration statement to the U.S. Securities and Exchange Commission. Summary Grayscale has filed a third amended S-1 for its proposed BNB ETF, revealing the Nasdaq ticker GBNB as the SEC’s review of the application continues. The updated filing removes an earlier BNB contribution arrangement and confirms BitGo as custodian and BNY Mellon as administrator and transfer agent. BNB traded near $636 after losing the $662 Fibonacci support level, while technical indicators point to weakening short-term momentum following a recent rally. According to a…

It has been more than a year since President Trump signed the executive order establishing a Strategic Bitcoin Reserve on March 6, 2025, and the project is finally moving from rhetoric toward machinery.  Summary The U.S. already has a Strategic Bitcoin Reserve, but it mostly holds seized Bitcoin rather than newly purchased BTC. July matters because the White House blueprint and Congress could clarify whether the reserve can become an actual buying program. The BITCOIN Act pushes for aggressive accumulation, while ARMA favors a 20-year lockup and a more moderate path. The budget-neutral rule is the hidden constraint that could…

HYPE price has climbed to fresh record highs amid growing demand for Hyperliquid investment products and a high-profile short squeeze that forced a major bear to abandon a $110 million position. Summary HYPE price hit a record high near $75 after Grayscale launched its Hyperliquid Staking ETF. Hyperliquid ETFs from Bitwise and 21Shares have attracted over $136 million in net inflows. Bullish technicals and whale capitulation put the $100 level in focus for HYPE. According to data from crypto.news, Hyperliquid (HYPE) price traded near $69.70 at press time on June 3, up more than 12% over the past week and…

Mastercard has expanded its payment network to support stablecoin settlements across multiple blockchains and beyond traditional banking hours, adding support for six regulated dollar-backed tokens. Summary Mastercard will enable card settlement using regulated stablecoins across multiple blockchain networks, including Ethereum, Solana, and XRP Ledger. The company said transactions can be settled during weekends, holidays, and throughout the day while existing payment processes remain in place. According to a statement released by Mastercard on Wednesday, the company will enable card settlement using Circle’s USDC, Paxos-issued PYUSD, USDG and USDP, Ripple’s RLUSD, and SoFiUSD. The service will operate across Ethereum, Solana, Polygon,…

Microsoft has warned that attackers hid crypto-stealing malware inside public npm packages, creating a fresh risk for developers, crypto investors and wallet users. Summary Microsoft says npm packages deploy RAT malware that quietly steals crypto wallet credentials from devices. Attackers used Hugging Face repos to move stolen data while avoiding suspicious server traffic logs. Crypto.news coverage links Microsoft’s warning to wider supply-chain attacks hitting developers and crypto wallet tools. Microsoft Flags Poisoned npm Packages Microsoft Threat Intelligence said two compromised npm packages, [email protected] and [email protected], were “abusing Hugging Face repos as exfiltration infrastructure.” The company said the packages deploy a…

The Digital Asset Market Clarity Act has moved to the United States Senate Legislative Calendar, giving the crypto market-structure bill a formal path toward possible floor action. Summary The CLARITY Act has moved to the United States Senate Legislative Calendar after clearing the Senate Banking Committee. The bill passed the Senate Banking Committee on May 14 with a 15 to 9 bipartisan vote. Senator Cynthia Lummis said the United States is closer than ever to a working digital asset market structure. Senate records show the administrative calendar step was completed by June 1, after the Senate Banking Committee advanced the…

Bitcoin has drawn a new valuation argument from Bitwise, as rising sovereign debt pressures keep bond markets under strain and strengthen the case for BTC as a macro hedge. Summary Bitwise said rising sovereign debt pressure could strengthen Bitcoin’s role as a hedge against macroeconomic risk. The OECD expects governments and companies to borrow about $29 trillion in 2026, as refinancing needs continue to rise. Bitwise cited Greg Foss’s model, which puts Bitcoin’s theoretical fair value at around $224,000 if adoption expands. Bitwise said in a new report that deeper investor concern over government debt could widen Bitcoin’s perceived undervaluation.…

New York’s financial regulator has formed a stablecoin supervision agreement with the European Banking Authority as regulators on both sides of the Atlantic tighten cooperation over digital assets. Summary NYDFS and the European Banking Authority signed an agreement to share information on stablecoin supervision. The agreement covers market risks, consumer protection, and oversight of firms involved in stablecoin activity. DFS said its stablecoin framework includes reserve rules, redemption standards, transparency, and limits on rehypothecation. The New York State Department of Financial Services said Tuesday that it signed a memorandum of understanding with the EBA to support the exchange of supervisory…