Author: John Smith
Circle reportedly minted another 1 billion USDC on Solana on June 16, according to on-chain tracker Lookonchain. Summary Circle reportedly minted 1 billion USDC on Solana, bringing weekly issuance to 3.5 billion tokens. Large USDC mints can signal higher demand for Solana liquidity, payments, and trading settlement activity. Circle’s Movement post links USDC-backed settlement to low-cost payments, remittances, and broader dollar access globally. The latest issuance lifted Circle’s total USDC minting on Solana to 3.5 billion over the past week. “Circle minted another 1B USDC on Solana today,” Lookonchain said. The tracker added that Circle had minted 3.5 billion USDC…
The Enforcement Directorate has filed a prosecution complaint in a cryptocurrency fraud case involving more than $20 million in stolen digital assets and has attached assets worth about INR 64.55 crore (approx. $6.83 million) linked to the alleged proceeds of crime. Summary Enforcement Directorate has filed a prosecution complaint against Chirag Tomar and others in a crypto fraud case involving more than $20 million in stolen digital assets. Investigators alleged the group used fake Coinbase websites to steal user credentials and transfer cryptocurrency from victim accounts into wallets under their control. Indian authorities have attached assets worth about INR 64.55…
Uniswap’s UNI token has been projected to climb from about $2.70 to $100 by the end of 2030 as tokenized assets increasingly enter decentralized finance, according to a new forecast from Standard Chartered Bank. Summary Standard Chartered has projected UNI could reach $100 by 2030 as tokenized assets and DeFi activity continue to expand. The bank estimates assets locked in DeFi could grow to $2.7 trillion by the end of the decade, positioning Uniswap to benefit from rising onchain trading volume. Standard Chartered said Uniswap’s fee burn model, declining token supply, and potential partnerships with traditional finance firms could support…
BlackRock’s Bitcoin income-focused ETF will begin trading on Nasdaq on June 16 after receiving regulatory approval from the U.S. Securities and Exchange Commission. Summary BlackRock’s iShares Bitcoin Premium Income ETF (BITA) is set to begin trading on Nasdaq on June 16 after receiving SEC approval and exchange clearance. The fund seeks to generate income through a covered-call strategy on IBIT holdings while targeting a 15%–25% annual yield. Alongside BITA, BlackRock recently expanded its ETF lineup with the STAR space technology fund in Europe and the UK. According to Bloomberg ETF analyst Eric Balchunas, Nasdaq confirmed that BlackRock’s iShares Bitcoin Premium…
Expanding adoption of the XRP Ledger among major financial firms has fueled speculation from Jake Claver that BlackRock may one day launch an XRP ETF. Summary Jake Claver says BlackRock could eventually file for an XRP ETF as institutional interest in XRPL grows. XRPL Commons’ Odelia Torteman says firms including BlackRock, Mastercard, and Franklin Templeton are exploring the XRP Ledger. Ripple has expanded XRPL’s utility through MXNB integration, AI tools, and support for agent-based payments. According to comments made by Claver during a recent interview, XRP is likely to see increased adoption across the XRP Ledger ecosystem in the coming…
Nvidia has raised the stakes in the artificial intelligence infrastructure race with plans to borrow at least $20 billion from debt markets, a move that comes as Bitcoin miners increasingly reposition themselves as AI and high-performance computing providers. Summary Nvidia plans to raise at least $20 billion through a multi-part bond offering to fund AI investments and refinance debt. Bitcoin miners are expanding into AI and HPC services, with more than $70 billion in contracts announced across the sector. Industry forecasts suggest listed miners could generate up to 70% of revenue from AI by the end of 2026. According to…
Bitcoin has climbed more than 11% from its early June low as Santiment says the U.S.-Iran peace agreement may be laying the groundwork for a longer crypto bull market. Summary Santiment says the U.S.-Iran peace deal has boosted risk appetite, helping Bitcoin recover more than 11% from its early June low. Glassnode data shows Bitcoin accumulation increased after the drop into the $60,000 range, with multiple wallet cohorts buying the dip. Despite the rally, more than $4.8 billion has left U.S. spot Bitcoin ETFs since May, highlighting continued investor caution. According to on-chain analytics firm Santiment, investor sentiment has improved…
The Commodity Futures Trading Commission has appointed SEC crypto task force adviser Donald Battle as chief data innovation officer as lawmakers continue debating the future of U.S. digital asset regulation. Summary CFTC appoints SEC crypto task force adviser Donald Battle as chief data innovation officer. Battle brings experience in blockchain forensics, AI, data science, and crypto enforcement. The appointment comes as the CFTC defends prediction markets and Congress debates the CLARITY Act. According to a Monday announcement from CFTC Chair Michael Selig, Donald Battle will serve as the agency’s new chief data innovation officer. Battle most recently advised the Securities…
Anthropic has been hit with a proposed class-action lawsuit alleging that subscribers paying up to $200 per month for premium Claude plans have received significantly less usage than the company’s marketing materials suggested. Summary Anthropic faces a proposed class-action lawsuit alleging its Claude Max subscription plans provide less usage than advertised. Plaintiff Karl Kahn claims premium subscribers encounter restrictive usage caps that disrupt coding and development work. The lawsuit arrives shortly after Anthropic’s Fable 5 and Mythos 5 shutdowns, adding to scrutiny surrounding the AI company. According to a complaint filed Monday in the U.S. District Court for the Northern…
The odds of securing a July 4 signing for the CLARITY Act have narrowed, with lawmakers, industry groups, and market observers increasingly turning their attention to the August recess. Summary Many lawmakers and industry participants now see the August recess as a more realistic target for the CLARITY Act than July 4. Unresolved ethics negotiations and Senate procedural hurdles continue to slow the bill’s progress. Coinbase, Ripple, and other industry groups remain supportive as momentum for the legislation continues. According to reporting from Crypto In America, many policymakers and industry participants now view August as the more realistic benchmark for…