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Breaking Bitcoin and crypto news and stories from around the world

Stablecoin

Stablecoins Undermine Decentralization and the Vision for Financial Freedom

In 2008, Satoshi Nakamoto introduced Bitcoin with a revolutionary idea: a decentralized, peer-to-peer digital cash system that bypassed banks, governments, and intermediaries. The Genesis block’s embedded message, referencing a 2009 news headline about bank bailouts, underscored Bitcoin’s purpose as a rebellion against a flawed financial system. It promised

Elon Musk

Elon Musk's X Platform Set to Launch Financial Services Including Investments and Trading

X (formerly Twitter), the social media platform owned by Elon Musk, is poised to transform into a comprehensive financial hub, with chief executive Linda Yaccarino announcing plans to enable users to make investments and trades directly on the platform. Speaking at the Cannes Lions advertising festival, Yaccarino outlined a vision

Scam

Feds Confiscate $225 Million in Tether Stablecoin from Pig Butchering Scams

Federal authorities have executed a huge operation, seizing approximately $225.3 million in cryptocurrency linked to widespread investment scams, marking the largest such seizure in U.S. Secret Service history. The joint effort, involving the U.S. Secret Service, FBI, and the U.S. Attorney’s Office for the District

Hack

Iranian Crypto Exchange Nobitex Loses $81.7 Million in Geopolitically Charged Hack

On June 18, 2025, Nobitex, Iran’s largest cryptocurrency exchange, suffered a devastating cyberattack that resulted in the theft of approximately $81.7 million in digital assets. The breach, one of the most significant crypto exchange hacks of the year, targeted hot wallets across multiple blockchains, including Bitcoin, Tron, Dogecoin,

Stablecoin

Senate Passes GENIUS Act to Regulate Crypto Stablecoins

The U.S. Senate voted 68-30 on Tuesday, June 17, 2025, to pass the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act, marking the first significant cryptocurrency legislation to clear the chamber. The bill, sponsored by Republican Senator Bill Hagerty, aims to create a robust regulatory framework

Gemini

Gemini Crypto Exchange Accuses CFTC of Abusive Practices in 7 Year Legal Battle

Gemini, a prominent U.S. based cryptocurrency exchange, has lodged a formal complaint against the Commodity Futures Trading Commission (CFTC), alleging the agency engaged in a prolonged and unjust campaign against the firm. In a detailed letter to the CFTC Inspector General, Gemini’s legal team claims the agency’s

Sam Bankman-Fried

Sam Bankman-Fried Satirized in Prison Musical with Diddy and Luigi Mangione

A new satirical musical featuring a fictionalized Sam Bankman-Fried (SBF) as a prison inmate has taken San Francisco by storm, selling out its entire run in just 24 hours. Titled “Luigi: The Musical,” the one-act play opened last Friday at the Taylor Street Theatre, delivering commentary on Silicon Valley culture

Lightning Network

Lightning Network Wallet Alby Faces Uproar Over Inactivity Fees and Unauthorized Bitcoin Withdrawals

The Lightning Network wallet Alby is under fire as users express outrage over a policy that has led to unexpected Bitcoin withdrawals from inactive accounts. Labeled as “inactivity fees,” these deductions have sparked heated debates about transparency, custodial risks, and the broader challenges facing the Lightning Network. The controversy, which

Pump.fun

Pump.fun X Accounts Suspended Amid Bot Net Spam Allegations

On June 16, 2025, a wave of suspensions hit X accounts tied to Pump.fun, a leading Solana based memecoin launchpad, raising questions about the platform’s operations and its upcoming $1 billion token sale. The suspended accounts include the official Pump.fun profile and the personal account of co-founder

Coinbase

Crypto Exchange Coinbase Faces Backlash Over U.S. Army Parade Sponsorship

Coinbase, a leading US cryptocurrency exchange, has sparked significant controversy with its decision to sponsor the US Army’s 250th anniversary military parade, held in Washington, DC, on Saturday, June 14, 2025. The event, coinciding with President Donald Trump’s birthday, featured Coinbase’s branding prominently displayed on screens, banners,

Justin Sun

Justin Sun's Tron to Go Public in U.S. via Reverse Merger with SRM Entertainment

Crypto billionaire Justin Sun’s digital asset platform, Tron, is preparing to enter the U.S. public market through a reverse merger with Nasdaq-listed SRM Entertainment, a move that comes just months after U.S. regulators paused a fraud investigation into Sun’s companies. The deal, facilitated by New York-based

Ross Ulbricht

Ross Ulbricht, Early Bitcoin Pioneer, Calls for Prison Reform at FreedomFest 2025

Ross Ulbricht, the founder of the Silk Road and early Bitcoin pioneer, delivered a powerful speech at the FreedomFest conference in California on Friday, marking his second public appearance since his release from prison. Recently pardoned by President Donald Trump, Ulbricht used the platform to share his gratitude for his

Crypto

ICERAID Crypto Project Faces Backlash Amid Immigration Raids and $RAID Token Controversy

A controversial cryptocurrency project called ICERAID, led by former Proud Boys leader Enrique Tarrio, has reignited debate as it promises to pay users in $RAID tokens for reporting undocumented immigrants to U.S. Immigration and Customs Enforcement (ICE). Launched earlier in 2025 on the Solana blockchain, the project has drawn

Donald Trump

Trump 2025 Financial Disclosure Reveals $57 Million in Crypto Income

U.S. President Donald Trump submitted his 2025 annual financial disclosure to the U.S. Office of Government Ethics on June 13, unveiling a diverse portfolio that generated tens of millions in income during 2024. The filing highlights significant earnings from real estate, media, publishing, and a notable surge in

El Salvador

El Salvador Sees Sharp Decline in Crypto Remittances Amid Policy Shifts

El Salvador’s experiment with cryptocurrency as a tool for economic growth seems to have hit a roadblock, with remittances through digital wallets plummeting nearly 45% in the first four months of 2025. Official data from the Central Reserve Bank (BCR) reveals that the country received just $16 million in

Markets

Bitcoin Holds Steady Near $106,000 Amid Israel-Iran Conflict

Bitcoin demonstrated notable resilience on Friday, June 13, 2025, trading close to the $106,000 mark despite heightened geopolitical tensions in the Middle East. The leading cryptocurrency reached a daily high of $106,261 and was trading at $105,988 at the time of this report, reflecting a nearly 2%

Ethereum

SharpLink Gaming Becomes Largest Publicly Traded Ethereum Holder with $463 Million Acquisition

SharpLink Gaming, a Nasdaq-listed company, has made a historic move by acquiring 176,271 ETH for approximately $463 million, positioning itself as the largest publicly traded holder of Ethereum worldwide. Announced on June 13, 2025, the acquisition was executed at an average price of $2,626 per ETH, including fees

Stablecoin

Amazon, Walmart, Expedia, Explore Stablecoins to Slash Payment Costs

Major American retailers and travel companies, including Amazon, Walmart, and Expedia, are considering launching their own stablecoins to reduce the hefty fees associated with traditional card payments, according to a recent report from The Wall Street Journal. This potential shift could save merchants billions annually by bypassing the costly interchange

Markets

Israeli Airstrikes on Iran Spark Tension and Crypto Market Turmoil

On Thursday, June 12, 2025, a dramatic escalation in the long-simmering conflict between Israel and Iran unfolded as Israeli forces launched a series of airstrikes targeting Iranian nuclear and military sites, with explosions reported across Tehran. The Israel Defense Forces (IDF) confirmed the operation as a preemptive strike which they

Coinbase

Coinbase Launches Bitcoin Rewards Credit Card to Compete with Gemini

Coinbase, a leading cryptocurrency exchange, announced the launch of a new American Express credit card offering Bitcoin cashback rewards at its 2025 State of Crypto Summit on Thursday. The Coinbase One Card, exclusively available to Coinbase One subscribers, aims to integrate cryptocurrency into everyday spending by providing up to 4%

Staking

Top Four Cryptocurrencies for Staking to Earn Passive Income in 2025

Staking cryptocurrencies has become a popular way for crypto investors to generate passive income, while also investing in popular digital assets and blockchain networks, making your return on investment even more enticing. By locking up or delegating tokens, users can earn rewards in the form of annual percentage yields (APYs)

Stablecoin

Senate Advances GENIUS Act to Regulate Stablecoins, Paving Way for Crypto Integration

The United States Senate has taken another step toward regulating stablecoins, voting to advance the Guiding and Establishing National Innovation for US Stablecoins for 2025, or GENIUS Act, on Wednesday. This legislation, which establishes a regulatory framework for payment stablecoins, moved closer to a final vote in the Senate after

Wallet

Stripe Acquires Crypto Wallet Infrastructure Firm Privy to Enhance Digital Financial Services

Payments giant Stripe has announced its acquisition of Privy, a leading crypto wallet infrastructure company, in a move that signals deeper integration of cryptocurrency into mainstream financial systems. The deal, revealed on Wednesday, is set to close in the coming weeks, with Privy continuing to operate as an independent product

Malware

Crocodilus Malware Variant Targets Bitcoin and Crypto Wallets with Advanced Seed Phrase Collector

A sophisticated new variant of the Crocodilus mobile malware is raising alarms among crypto users, as it now features an automated seed phrase collector designed to steal sensitive data from Bitcoin and crypto wallets. The Mobile Threat Intelligence (MTI) team at Threat Fabric, a leading cybersecurity firm, issued a warning

Artificial Intelligence

Interactive Strength Secures $500M for AI Crypto Treasury with Fetch.ai’s FET Token

Interactive Strength, a Nasdaq-listed company under the ticker TRNR, announced a bold financial strategy on Wednesday, entering a securities purchase agreement to secure up to $500 million in capital. This funding will be used exclusively to acquire FET, the native cryptocurrency of the Fetch.ai platform, positioning Interactive Strength to