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Breaking Bitcoin and crypto news and stories from around the world

Markets

Bitcoin Surges Past $105K as Israel-Iran Ceasefire Sparks Crypto Rally

Bitcoin (BTC) staged a remarkable recovery on June 23, 2025, climbing back above $105,000 after a brief dip below the $100,000 mark earlier in the day. The price movement came amid heightened geopolitical developments in the Middle East, with markets reacting to an Iranian missile strike on a

Bitcoin Mining

No, Iran Wasn't Running Nuclear Powered Bitcoin Mining ASICs

On June 21, 2025, the global Bitcoin mining hashrate experienced a dramatic 25% decline, sparking widespread speculation about its connection to U.S. military strikes on Iranian nuclear facilities. The timing of the airstrikes, announced by President Donald Trump at 7:50 PM EDT, coincided almost in sync with the

Hack

Crypto Website Attacks Surge as Trezor, CoinMarketCap, and Cointelegraph Face Exploits

A wave of cyberattacks has hit major cryptocurrency platforms, with Trezor, CoinMarketCap, and Cointelegraph all reporting security breaches over the past few days. These incidents, occurring between June 20 and June 23, 2025, highlight a growing threat to crypto users as hackers exploit website vulnerabilities to launch phishing scams and

Exchange

Crypto Exchange OKX Considers U.S. IPO as Crypto Market Gains Momentum

The global cryptocurrency exchange OKX is exploring an initial public offering in the United States, signaling a big step toward mainstream financial integration. According to a recent report from The Information, the exchange, which ranks among the top three globally by trading volume, is considering a public listing as part

Markets

Bitcoin Drops to $98K as Iran’s Strait of Hormuz Closure Threat Rattles Market

Bitcoin experienced a sharp decline on Sunday, June 22, 2025, falling from a recent high of nearly $103,000 to around $99,700, triggered by escalating geopolitical tensions in the Middle East. The price drop followed Iran’s Parliament approving the potential closure of the Strait of Hormuz, a critical

Markets

Bitcoin Price Falls After U.S. Bombs Iran and Sparks Market Turmoil

The crypto market faced a sharp downturn on Saturday evening following U.S. President Donald Trump’s announcement of a successful airstrike targeting three nuclear sites in Iran. Bitcoin, the leading digital asset, dropped to $100,945 per coin, erasing roughly $40 billion from the crypto market’s value in

Crypto

Reddit Explores Using World Crypto Project for Account Verification

Reddit, a leading social media platform known for its pseudonymous user interactions, is reportedly considering adopting World ID, a biometric verification system developed by World, a cryptocurrency project co-founded by ChatGPT and OpenAI CEO Sam Altman. According to Semafor, this move aims to verify that Reddit users are unique individuals,

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