Author: John Smith
The recent uptrend in the crypto market has injected fresh momentum into a wide range of assets. While Bitcoin (BTC) set the tone, some assets seized the spotlight to deliver standout performances, and among them was Myria (MYRIA). Myria (MYRIA), the native token of the Ethereum-based Layer-2 gaming platform, emerged as one of the top gainers during the latest crypto market uptick, soaring by 50% yesterday and up 5% in the past 24 hours. The surge brought the token to $0.00184, marking a 199.2% increase from its yearly low of $0.000615 and pushing it to new multi-month highs. MYRIA’s price…
A 38-year-old Russian founder of a cryptocurrency payment firm has been charged by the United States Department of Justice for the operation of a multi-million dollar money laundering scheme. According to a DOJ statement released on June 9, Iurii Gugnin, the New York-based founder of crypto firm Evita is facing a a 22-count indictment for charges revolving around the use of his company to funnel more than $500 million in illicit funds. Prosecutors allege that Gugnin moved the funds through the U.S. financial system to support transactions for sanctioned Russian banks, defraud American financial institutions, and aid the export of…
Hyperliquid has surged to a new all-time high closing at over $42, riding a wave of renewed market optimism, increased whale activity, and bullish investor sentiment. On June 11, 2025, HYPE (HYPE) jumped by over 8%, pushing its price to a new record of $42.07. The rally extended its gains from the day before, marking a sharp reversal from last week’s dip that brought the token close to the $30 level. The token’s new ATH record caps weeks of growing investor confidence, fueled by positive momentum, fresh exchange listings, and speculation of further upside potential. Trading volume also surged to…
Germany’s Financial Intelligence Unit reported a record surge in suspicious activity reports tied to cryptocurrencies last year, even as overall SAR filings declined. In its annual report released Tuesday in Cologne, the FIU stated that 8,711 crypto-related notifications were submitted in 2024 — marking an 8.2% increase from the previous year, Bloomberg reported. This occurred despite the total number of SARs dropping after the agency issued new guidance aimed at reducing irrelevant reports. The majority of the flagged transactions involved Bitcoin (BTC), followed by Ethereum (ETH), Tether (USDT), and Litecoin (LTC). These tokens were frequently linked to activity on trading…
The Digital Asset Market Clarity Act has cleared the House Agriculture Committee, moving closer to a full House vote. Lawmakers on the House Agriculture Committee voted 47-6 on Tuesday to advance the bill, moving it one step closer to broader congressional review, with Committee Chair GT Thompson confirming it will now head to the full House and that members may submit counterarguments by the end of the week. As the House Agriculture Committee advanced the bill, the House Financial Services Committee held a concurrent session to consider amendments that could reshape key provisions within the bill. One proposed amendment, introduced…
Sui is recovering from consolidation as developments around exchange-traded funds fuel fresh momentum. At press time, Sui (SUI) is trading at $3.46, up 2.1% in the past 24 hours and rebounding from a weekly low of $2.92 on June 6. The dip had been driven by market fallout from the Cetus (CETUS) hack and broader macroeconomic pressures. SUI’s recovery, however, might be aided by fresh institutional momentum. With a 24-hour trading volume of $1.01 billion, up 300% from the day before, SUI’s market activity has significantly increased. As per Coinglass data, SUI’s derivatives volume rose 6.44% to $5.16 billion, while…
U.S. stocks held steady Tuesday as a second day of trade talks between the U.S. and China got underway in London. The Dow Jones Industrial Average gained 0.25%, or 105.11 points whille the S&P 500 gained 0.55%. The Nasdaq index outperformed with a 0.63% gain and is now approximately 285 points away from reclaiming the 20,000 leve. Commerce Secretary Howard Lutnick described U.S. – China trade negotiations as going “really, really well,” suggesting a resolution may be close. Export controls remain central to discussions. U.S. officials are seeking Beijing’s release of rare earth materials, while China is pressing for eased…
Solana-based memecoin launchpad and trading platform Pump.fun’s total SOL deposits to Kraken amount to over $660 million: Is this a massive profit cash out or liquidity play? According to on-chain data, Solana-based memecoin generator Pump.fun quietly moved 132,180 Solana (SOL), worth approximately $20.87 million, to Kraken on June 10, sparking speculation about its established pattern of revenue withdrawals to the centralized crypto exchange. The latest transfer brings Pump.fun’s total SOL deposits to Kraken this year to 2,476,697 SOL, valued at $404.64 million. So far, the memecoin launchpad has deposited 3.62 million SOL (about $660.5 million) to Kraken at $182, and…
Open interest in Ethereum has reached an all-time high on Kraken, suggesting coming volatility in either direction. Ethereum (ETH) could soon experience heightened price swings, according to new data from Kraken. Alexia Theodorou, Head of Derivatives at Kraken, said in a June 10 obtained by crypto.news that open interest on Ethereum contracts hit an all-time high, a sign that speculative activity is ramping up. “Open interest in ETH perpetuals on Kraken reached an all-time high of 30,000 ETH earlier this week, signaling a notable uptick in speculative activity around the second-largest cryptocurrency by market cap,” Alexia Theodorou, Kraken. The likely…
Telegram’s reputation as a privacy-first messaging platform is under scrutiny following a new investigation by the Organized Crime and Corruption Reporting Project and Russian outlet Important Stories. The report reveals that the core infrastructure powering the app is managed by Viktor Vedeneev, a Russian network engineer with deep ties to companies linked to the FSB security agency and Russia’s defense sector. Vedeneev’s company controls thousands of Telegram IP addresses, key servers, and networking equipment. Court records obtained by journalists show that Vedeneev had exclusive access to Telegram’s infrastructure and was authorized to sign contracts on the company’s behalf. However, the…