June 2025 – Page 40

Unicoin CEO: Why Are We Still Under the SEC’s Gun?

WASHINGTON, D.C. — Unicoin CEO Alex Konanykhin said he's asked the U.S. Securities and Exchange Commission to pull its investigation against the crypto operation and hasn't yet received a...

U.S. House Stablecoin Bill Goes Live in Flurry of Crypto Activity on Capitol Hill

The U.S. Congress' opening priority for the crypto industry is to quickly finish a stablecoin oversight bill, and the House of Representatives has released the text of its version...

The Protocol: Ethereum’s Final Pectra Test Goes Live

Welcome to The Protocol, CoinDesk's weekly wrap-up of the most important stories in cryptocurrency tech development. I'm Ben Schiller. In this issue: Ethereum’s Final Pectra Test Goes LiveHyperliquid Eases...

Sen. Gillibrand Warns Against a ‘Watered-Down’ Stablecoin Bill

U.S. Senator Kirsten Gillibrand (D-N.Y.), one of the leading Democrats supporting crypto legislation, warned the industry against pushing for a “watered-down” version of the long-awaited stablecoin legislation currently moving...

Wyoming State Gears Towards Launching a Stablecoin This Year

Wyoming state is making steps towards launching a stablecoin later this year, which could be the first fiat-backed and fully reserved token issued by a public entity in the...

GameStop Raising .3B of Convertible Debt for Bitcoin Purchases

GameStop Raising $1.3B of Convertible Debt for Bitcoin Purchases

Just 24 hours after adding its name to the roster of companies pursuing a bitcoin (BTC) treasury strategy, GameStop (GME) — led by its CEO Ryan Cohen — is...

Banks’ Spot Crypto Holdings Continue to Collapse as Firms Move to ETPs

Banks across the globe held a total of 341.5 billion euros ($368.3 billion) in crypto assets under custody in the second quarter of 2024 but spot crypto assets now...

GameStop Bitcoin Pivot Spurs Social Media Chatter as Stock Soars 16%

Shares of GameStop (GME) traded 16% higher on Wednesday after the company announced that it would start buying bitcoin (BTC) to add to its balance sheet. The gaming retailer...

HyperLiquid Delists JELLY After Vault Squeezed in M Tussle

HyperLiquid Delists JELLY After Vault Squeezed in $13M Tussle

whichHyperliquidity Provider (HLP), a market making vault that is a part of derivatives exchange HyperLiquid, faced a grueling loss after a trader allegedly manipulated the price of the JELLY...

Bitcoin Rally Reverses Despite Supposedly Bullish GameStop News

Bitcoin's (BTC) rise following GameStop's Tuesday bitcoin treasury strategy announcement halted just shy of the $89,000 level and things are now headed decidedly lower during U.S. trading hours Wednesday....