Washington’s second-biggest city, Spokane, bans crypto ATMs
Spokane City Council has banned crypto ATMs to curb rising scams, giving operators 60 days to remove machines amid concerns over fraud and vulnerable residents.
Month: June 2025
Gemini Files Complaint Against CFTC, Alleges 7-Year ‘Lawfare’ Campaign
Gemini flagged a whistleblower tied to fraud who may still receive a $1.5 million award, despite an arbitrator ruling he lied to regulators.
Archetyp dark web market shut down, but ecosystem adapts: TRM Labs
The Archetyp dark web market had over 600,000 users, a total transaction volume of at least $287 million and over 17,000 listings, mainly offering drugs for sale.
Meta is Attempting to Poach OpenAI Staff With $100M Signing Bonuses: Sam Altman
OpenAI CEO Sam Altman said Tuesday Facebook parent Meta is attempting to woo his employees with limited success.
Bitcoin and HYPE could get $844M total windfall from 4 public US firms
DDC Enterprise and Fold Holdings have confirmed raises worth a total of $778 million as a biotech firm said it would raise $50 million to add HYPE as a treasury asset.
Spanish bank BBVA suggests clients make 7% crypto allocation
BBVA is advising affluent clients to allocate up to 7% of their portfolios to crypto just months after it received permission to offer crypto trading.
Bitcoin downside risk lingers, upside hinges on holding above $102K
Bitfinex analysts say Bitcoin’s current market conditions signal the asset “reversing course shortly after aggressive selling.”
China’s JD Eyes Global Stablecoin Licenses to Slash Payment Costs
Chinese e-commerce giant JD.com says it could cut cross-border settlement costs as it plans to acquire stablecoin licenses
Meta Pool hit with $27M exploit, but attacker flees with only $132K
Meta Pool says an early detection system discovered the exploit, allowing it to pause the affected smart contract and prevent further losses.
Senate passes GENIUS stablecoin bill in a win for the crypto industry
In a 68-30 vote on Tuesday evening, the Senate overwhelmingly passed the GENIUS Act with bipartisan support. Eighteen Democrats joined the majority of Republicans in passing the bill, which is the first to establish a federal regulatory framework for stablecoins, crypto tokens that are pegged to the value of the US dollar. In the past … Read more
OpenAI Lands Pentagon Deal—Musk’s xAI Left Watching From Sidelines
A new $200 million contract with the Department of Defense puts OpenAI ahead in the race to bring AI to government.
Asia Morning Briefing: GENIUS Act Positions ETH at the Center of Tokenized Finance, Says Wall Street Veteran
Good Morning, Asia. Here’s what’s making news in the markets: Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk’s Crypto Daybook Americas. As Asia begins its trading day, ETH is trading above $2500 … Read more
JPMorgan, SEC meet to discuss capital markets moving onchain
Three JPMorgan executives met with the SEC’s Crypto Task Force to discuss which capital markets instruments could move onchain and how to best navigate the change.
Iran is going offline to prevent purported Israeli cyberattacks
In a purported attempt to limit Israel’s ability to wage cyberwarfare, Iran has begun throttling its civilians’ access to the internet and plans to disconnect entirely from the global internet by Tuesday night. Fateme Mohajerani, a government spokesperson, said during a recent television broadcast that the speed reduction was “temporary, targeted, and controlled, aimed at … Read more
Police shut down Cluely’s party, the ‘cheat at everything’ startup
The latest San Francisco startup culture drama happened on Monday night. And it occurred over “the most legendary party that never happened.”
How to Get Your Chatbot to Talk Dirty
Users seeking steamy romance from their AI companions are getting yoga guides instead. Here’s how to stop your chatbot from pivoting from passion to wellness.
Trump is giving TikTok another ban extension
For the third time, President Donald Trump will extend the deadline for TikTok to spin out from its Chinese parent company or face a US ban. White House Press Secretary Karoline Leavitt confirmed in a statement Tuesday that Trump will sign an executive order this week extending the deadline another 90 days, landing the new … Read more
Senate confirms Trump’s FCC pick, Olivia Trusty
The Senate confirmed Republican Olivia Trusty to serve on the Federal Communications Commission (FCC) on Tuesday, installing another nominee by President Donald Trump and ending the brief lack of quorum at the agency. The vote was 53-45, with Sen. John Fetterman (D-PA) being the only Democrat to vote in her favor. Trusty will join Republican … Read more
Meta is making all Facebook videos reels
Meta is making a change to how sharing videos works on Facebook. Right now, you can share videos as a video from the post composer or as a reel, and both have different sharing workflows. In “the coming months,” however, “all videos on Facebook will be shared as reels,” according to a blog post. “Facebook … Read more
Sam Altman says Meta tried and failed to poach OpenAI’s talent with $100M offers
Meta CEO Mark Zuckerberg has been on something of a hiring spree lately, trying to staff up Meta’s new superintelligence team with top-tier AI researchers from competing labs. To work on a team led by former Scale AI CEO Alexandr Wang and at a desk physically near Zuckerberg, Meta has reportedly offered employees from OpenAI … Read more
Is Semler Scientific Flashing a Warning Sign for Bitcoin Treasury Firms?
The company was valued at a razor-thin premium compared to its Bitcoin holdings, as of Tuesday.
Tron Inc. Deal Gives Justin Sun’s Father Control of Public Firm Via $100M Token Deal
A Securities and Exchange Commission (SEC) filing posted Monday night outlines the relationship between Tron DAO, Justin Sun, and SRM Entertainment, a Nevada company in the process of changing its name to Tron Inc. The filing details a $100 million private investment in public equity (PIPE) deal, paid entirely in TRX TRX tokens, that gives … Read more
Bitcoin Miners Face More Trouble as Transaction Fee Share Hits 3-Year Low
Bitcoin transaction fee rewards have dropped to their lowest level since 2022, making the already tough BTC mining industry even tougher.