Bitcoin mining company Cango produced nearly $100.5 million worth of Bitcoin in the two months following its full pivot to crypto mining, the company announced on June 3. Cango mined 954.5 Bitcoin (BTC) after going all-in on mining. Of the total haul, 470 BTC were mined in April and 484.5 BTC in May. This follows…
Pump.fun is planning to raise $1 billion in a token sale at a $4 billion fully diluted valuation (FDV), according to Blockworks, which added that it was unable to confirm timing nor whether the new token would be issued on pump.fun. The platform, which allows any and all to freely create their own tokens on…
Key points: Bitcoin seeks to take liquidity around $106,000 as traders hope for a sustained price recovery. Significant support is in place down to $97,000, boosting the odds of price holding. Profit-taking is underway but lacks the intensity of classic cycle tops, research says. Bitcoin (BTC) retargeted $106,000 after the June 3 Wall Street open…
The U.S. Senate may be fast approaching a final vote on regulating stablecoins, which would be a high-water mark for crypto legislation in Congress, but Representative French Hill said the Senate’s bill has some key differences with a similar effort in the House of Representatives, and those would need to be ironed out before it…
Tokenized short-term funds, a new class of digital financial products bridging traditional and decentralized finance, have grown to reach $5.7 billion in assets since 2021, according to a new Moody’s report. The credit rating service sees growing interest from traditional asset managers, insurers, and brokerages looking to offer clients access between fiat and digital markets….
A representative of the Trump Organization said the group “knows nothing” about a crypto wallet project called the “$TRUMP Wallet,” despite the app’s branding and claims being tied to the U.S. president. “The Trump Organization knows nothing about this project,” a spokesperson for the Trump Organization told CoinDesk. The app, according to its sparse but…
Classover, a K-12 education company, has announced a move into crypto through the creation of a Solana reserve. The company plans to issue up to $500 million in senior convertible notes, with 80% of the proceeds allocated to purchasing Solana (SOL). The move follows a growing pattern of companies expanding into crypto-related strategies along with…
French authorities have charged 25 people, including six minors, for their roles in a spate of crypto kidnappings in Paris, with the majority of the suspects connected to the recent failed kidnapping attempt of a crypto exchange CEO’s family, Paris’s public prosecutor’s office said, Le Monde reported Saturday. The investigation is focused on the kidnapping…
What is crypto regulation (and why it matters more than ever)? Crypto regulation is becoming a foundational part of how digital assets function globally. Crypto regulation is the evolving rulebook that defines how digital assets are built, traded and used. It spans everything from tax rules and Anti-Money Laundering (AML) checks to licensing, custody standards…
Bitcoin miner MARA Holdings (MARA) produced 950 BTC in May, a 35% increase from the previous month and its strongest output since the Bitcoin halving in April 2024, the company said Tuesday. The firm also set a new internal monthly record for blocks won, totaling 282, a 38% jump from April. CEO Fred Thiel attributed…