Author: John Smith
India’s Financial Intelligence Unit has asked at least three major crypto exchanges to share data on over-the-counter crypto transactions above $10,000, according to The Economic Times. Summary India’s FIU requested crypto OTC trade records above $10,000 from three major exchanges this month. FIU wants beneficial ownership data for private companies, intermediaries and entities behind OTC deals. Exchanges must preserve OTC records from January 2026 as India tightens AML pressure on crypto. The request followed a meeting in late May and covers records that exchanges must trace and preserve from January 2026 onward. The directive focuses on large private trades that…
Three crypto trade groups have asked Congress to pass the Tax Clarity for Mining and Staking Act without changes. Summary Crypto lobby groups want Congress to pass H.R. 9175 without changes to protect validator rewards. The bill lets miners and stakers choose tax timing when receiving or selling crypto rewards. Banks argue deferred taxation would favor crypto yield over dividends, interest and other savings products. The Blockchain Association, the Crypto Council for Innovation, and The Digital Chamber made the request in a June 21 letter to committee leaders Jason Smith and Richard Neal. The groups said the bill should pass…
Ethereum has added a new independent research organization backed by Joe Lubin, Bitmine, and Sharplink, bringing together five former Ethereum Foundation researchers. Summary Ethlabs launches with backing from Joe Lubin, Bitmine, Sharplink, and other Ethereum ecosystem contributors. Five former Ethereum Foundation researchers have joined the nonprofit to focus on core protocol research. The organization will study scaling, settlement, interoperability, and infrastructure for institutional adoption. According to an announcement from Ethlabs, the newly launched nonprofit research group has secured support from Bitmine, Sharplink, Anchorage, Octant, SNZ, and other Ethereum ecosystem participants. The organization did not disclose how much funding it has…
President Donald Trump has signed two executive orders designed to accelerate U.S. quantum computing development and prepare federal agencies for the potential security risks posed by future quantum machines. Summary Trump signed two executive orders to accelerate U.S. quantum computing development and prepare agencies for future encryption risks. The orders direct intelligence officials to assess the impact of advanced quantum computers and the transition to post-quantum cryptography. Bitcoin, Ethereum, and Algorand communities are already exploring different strategies to protect blockchain networks from future quantum threats. According to the White House, Trump approved the measures on June 22 as part of…
Strive has purchased 759 Bitcoin for roughly $50 million, recording its largest weekly acquisition in months and surpassing Strategy’s latest BTC purchase. Summary Strive bought 759 BTC for roughly $50 million, increasing its holdings to 19,864 Bitcoin. The weekly purchase exceeded Strategy’s 520 BTC acquisition, a rare lead over the largest corporate holder. Backed by its SATA preferred stock program, Strive continues expanding its Bitcoin treasury toward a planned $4.2 billion deployment. According to a June 22 Form 8-K filed with the U.S. Securities and Exchange Commission, the Dallas-based Bitcoin treasury company acquired the coins between June 15 and June…
Bitmine has purchased another 52,203 ETH worth about $90 million, bringing its holdings to 4.7% of Ethereum’s total supply. Summary Bitmine purchased 52,203 ETH worth about $90 million, lifting its holdings to 4.7% of Ethereum’s supply. Tom Lee said the company remains close to its 5% ETH ownership target despite challenging market conditions. Staked ETH has increased projected annualized revenue to $223 million, with potential rewards reaching $268 million. According to a company update released on Monday, Bitmine’s latest purchase increases its exposure to Ethereum despite continued weakness in the broader crypto market and repeated rejections at key price levels…
Fomo has raised $75 million in a Series B funding round that values the crypto trading platform at $550 million after attracting more than 625,000 users and generating $4 billion in trading volume within its first year. Summary Fomo raised $75 million in a Series B round led by Index Ventures, reaching a $550 million valuation. The social trading platform has attracted 625,000 users, processed $4 billion in volume, and generated 110 million interactions. The funding comes amid continued venture activity, with major raises also announced by Digital Asset Holdings and Neura Robotics. According to a June 22 announcement by…
Bank of America has projected three Federal Reserve interest-rate hikes this year, adding to concerns that tighter monetary policy could create fresh pressure for Bitcoin and other risk assets. Summary Bank of America now expects three Fed rate hikes in September, October, and December, citing a more hawkish policy outlook. Deutsche Bank and BNP Paribas have also raised their rate forecasts, adding to expectations of tighter monetary policy. Traders are watching the upcoming PCE inflation report as Bitcoin holds near $64,000-$65,000 amid growing rate-hike concerns. According to a Reuters report, Bank of America Global Research now expects the Federal Reserve…
Bitcoin has reclaimed the $65,000 level after the U.S. Treasury temporarily authorized Iranian oil sales amid progress in talks with Tehran. Summary Bitcoin climbed above $65,000 after the U.S. Treasury temporarily authorized Iranian oil sales through August 2026. Falling oil prices and signs of progress in U.S.-Iran negotiations improved market sentiment and supported risk assets. Technical charts show Bitcoin attempting a breakout, with the $68,200-$68,500 zone emerging as the next major resistance area. According to data from crypto.news, Bitcoin (BTC) climbed more than 3.5% from an intraday low of $63,231 to a high of $65,468 on Monday, June 22, before…
Perpetual futures, or perps, are the most traded instrument in crypto. They let you bet on price with leverage and never expire, held in line with the spot market by a clever fee called the funding rate. They are powerful, they are dangerous, and in 2026 they are finally arriving onshore in the United States. Summary Perpetual futures let traders take leveraged long or short positions without an expiry date, using funding rates to keep prices aligned with the spot market. Funding payments flow between longs and shorts, while leverage and margin determine how quickly a position can be liquidated…