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Fortune 500 Stablecoin Adoption Explodes: 29% of Execs Now Plan to Use Them
A Coinbase report shows Fortune 500 interest in stablecoins has tripled in just one year. Today, 29% of executives plan to use them, up from a mere 8% in 2024. Adoption is growing. About 7% of surveyed firms already use... -
Crypto Scam Ring Members Plead Guilty in $36.9M Fraud Targeting Americans
Five men have admitted to laundering $36.9 million stolen from U.S. victims in a sophisticated crypto scam scheme tied to Cambodia. According to the U.S. Department of Justice (DoJ), the defendants—Joseph Wong, Yicheng Zhang, Jose Somarriba, Shengsheng He, and Jingliang... -
Metaplanet’s $5.4B Bitcoin Bet Sends Stock Soaring 22%
Metaplanet’s stock jumped 22% to ¥1,641 at the open on June 9, as investors reacted to the Japanese firm’s announcement of a ¥770.9 billion ($5.4 billion) Bitcoin buying spree. To fund the move, the company will issue 555 million moving-strike... -
JPMorgan Will Now Accept Crypto ETFs as Loan Collateral
JPMorgan, the biggest U.S. bank by assets, is quietly supporting crypto products. The bank plans to allow trading and wealth-management clients to use crypto ETFs as collateral for loans. This shift signals a growing acceptance of digital assets in traditional... -
California Greenlights Crypto Payments for State Services in Unanimous AB 1180 Vote
On June 2, the California State Assembly voted unanimously (68-0) to pass AB 1180. The bill allows state agencies to accept cryptocurrency payments under the Digital Financial Assets Law (DFAL). Lawmakers streamlined the bill by cutting ride-sharing rules, clearing its... -
Ford Stock Rises After Company Reports Sharp Rise in May Sales
Ford stock (NYSE: F) is trading higher today after the company reported a 16% YoY rise in its May US auto sales. The steep rise, which marks the third consecutive month of double-digit gains, comes amid President Trump’s tariffs, which... -
Australia Caps Crypto ATM Transactions at A$5,000
On June 3, Australia’s financial intelligence agency, AUSTRAC, introduced an A$5,000 ($3,250) cash limit for crypto ATM transactions to tackle fraud. The new rule requires stricter identity checks, real-time transaction monitoring, and the issuance of mandatory scam warnings at machines.... -
World Vision Conducts First Crypto Trade in South Korea After Ban Lift
On June 1, the Humanitarian aid group World Vision Korea became the first nonprofit to liquidate cryptocurrency under South Korea’s newly revised institutional trading rules. They sold 0.55 ETH on Upbit for roughly 1.98 million won ($1,436). The funds were... -
Bitcoin’s Long-Term Security at Risk as Low Transaction Fees Fail to Replace Diminishing Block Subsidy
Bitcoin’s security model has once again become a major topic of discussion among industry experts, as transaction fees remain too low to adequately replace the diminishing block subsidy. https://twitter.com/mindfrozentime/status/1928436327038480472 Ethereum Foundation researcher Justin Drake and Bitcoin Core developer James... -
Philippines Tech Company Sanctioned by US for Alleged Role in Crypto Scams
On May 29, the U.S. Treasury sanctioned a Philippine firm, Funnull Technology, and its alleged administrator, Liu Lizhi. U.S. officials stated that the company provides critical computer infrastructure, like servers and hosting services, to hundreds of thousands of websites used...