Author: James Wilson
China has outlined plans to strengthen anti-money laundering enforcement, expand scrutiny of virtual currency-related crime, and deepen international cooperation as authorities prepare the country’s financial security framework for the next five-year policy cycle. Summary China said it will intensify action against virtual currency laundering, cross border money laundering networks, and other financial crimes under its anti money laundering framework. Authorities reported more than 2,000 money laundering convictions in 2025 and pledged stronger enforcement cooperation with foreign jurisdictions. The People’s Bank of China said criminals increasingly use virtual currencies, underground banks, and new technologies to conceal and move illicit funds. The…
Bithumb, South Korea’s second-largest crypto exchange, will add Canton (CC) to its Korean won market on June 23. Summary Bithumb will open Canton’s KRW market, giving Korean traders direct access to CC on Tuesday. CC momentum remains weak, with MACD bearish and RSI below neutral despite modest daily gains. Canton’s protocol change lowers onboarding friction after institutional partnerships expanded across Korea and Wall Street. The exchange said deposits and withdrawals would open within two hours of the notice, while trading would start at 14:00 local time. The exchange will support Canton through Canton Mainnet only. Bithumb set the reference price…
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…
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…
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…
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…
Franklin Templeton has completed its acquisition of crypto asset manager 250 Digital, adding new cryptocurrency investment strategies to its platform as the firm manages $1.78 trillion in assets worldwide. Summary Franklin Templeton has completed its acquisition of 250 Digital and launched a new crypto-focused division called Franklin Crypto. The asset manager continues expanding across crypto markets through Bitcoin-linked ETF filings and tokenized fund partnerships. RWA.xyz data shows Franklin Templeton’s tokenized assets have grown from $768 million to over $2.5 billion in a year. According to Franklin Templeton, the deal has resulted in the creation of a new division called Franklin…
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…
Crypto-backed political groups have spent at least $7 million on key Democratic primary races as lawmakers continue negotiating the CLARITY Act ahead of an increasingly crowded congressional calendar. Summary Fairshake affiliates have spent about $7 million backing crypto-friendly candidates ahead of key Democratic primaries. Maryland candidate Adrian Boafo and New York Representative Ritchie Torres have emerged among the largest recipients of crypto PAC support. Meanwhile, lawmakers continue negotiating the CLARITY Act as industry groups push for progress before upcoming congressional recess deadlines. According to reports on recent campaign spending, crypto political action committees have increased their activity ahead of several…
XRP Ledger has deployed fixes for several software issues after a security review uncovered edge cases and bugs in the network’s core implementation. Summary XRP Ledger fixed multiple software issues in the XRPL 3.2.0 upgrade after Common Prefix uncovered bugs and edge cases during a formal security review. Common Prefix will next conduct formal verification of XRPL’s Single Asset Vault and Lending Protocol proposals as development expands into DeFi and tokenization. XRP rose about 3.6% to an intraday high of $1.16, while debate continued over Ripple’s XRP escrow strategy and future token releases. According to the XRP Ledger Foundation, the…