Wednesday, June 24

Crypto

Qivalis Euro Stablecoin Consortium Expands to 37 Banks

Qivalis, a European banking consortium developing a regulated euro stablecoin, expanded to 37 member institutions on Wednesday after adding 25 new banks across 15 countries.The new members include ABN AMRO, Rabobank, Nordea and Intesa Sanpaolo. The Amsterdam-based consortium is targeting…

Trump Orders a Review Into Banking Barriers for Fintech Firms

US President Donald Trump signed an executive order on Tuesday to review any barriers that might be stifling fintech innovation or preventing access to banking partnerships and payment rails.The order directs the Federal Reserve Board to evaluate the legal, regulatory…

Bitwise Says HYPE ‘Most Mispriced’ Cryptocurrency

Crypto asset manager Bitwise has called Hyperliquid “one of the most mispriced assets in crypto today,” despite its outperformance so far this year.“Hyperliquid is one of the most important crypto projects to emerge in years,” Bitwise investment chief Matt Hougan…

GitHub Internal Repositories Breached via VS Code Extension

GitHub said on Wednesday it is investigating unauthorized access to its internal repositories following the compromise of an employee’s device. “While we currently have no evidence of impact to customer information stored outside of GitHub’s internal repositories, we are closely monitoring…

World Liberty-Linked AI Financial Flags Going Concern

AI Financial Corp., a World Liberty Financial token treasury company, said a deficit in working capital and liabilities is casting significant doubt on its ability to continue over the next year. The company, which has World Liberty CEO Zach Witkoff as…

Senate Advances Resolution That Could Curb Trump’s Iran War

The United States Senate has voted to advance a resolution that could force US President Donald Trump to seek congressional authorization to continue the country’s war with Iran.The vote on a procedural war-powers measure on Tuesday passed by 50 to…

Truth Social’s ETF Issuer Withdraws Crypto ETFs

Asset manager Yorkville America has requested to withdraw multiple crypto exchange-traded funds applications filed on behalf of the Donald Trump-backed Truth Social after changing its product strategy.Yorkville America said Tuesday that it is moving away from offerings registered under the…

Estonia Suspends Zondacrypto Operator License

A European regulator has partially suspended the operating license of the company behind troubled crypto exchange Zondacrypto.The Financial Intelligence Unit (FIU) of Estonia partially suspended the license of BB Trade Estonia OÜ, operating under the Zondacrypto brand, according to a…

SOL Negative Funding Rate Highlights Falling SOL Demand

Key takeaways:Solana perpetual futures funding rates flipped negative, signaling excess demand for bearish positions.Rival networks like Base and Hyperliquid pose direct threats to Solana by aggressively capturing DEX market volume.Solana’s native token SOL (SOL) faced a 15% correction following a…

Tor Project Launches Web3 Campaign for Internet Freedom

A coalition of privacy and internet freedom advocates led by the Tor Project has announced a new crypto funding campaign to support censorship-resistant digital infrastructure.The first-of-its-kind Web3 crowdfunding campaign for internet freedom tools will support 10 nonprofit projects working across…

Bitcoin Miners Gain Strategic Role in AI Infrastructure

Bitcoin miners are emerging as an important part of the AI infrastructure supply chain because they control large amounts of power capacity and data center real estate that are increasingly difficult to secure, according to a new research note from…

Bitcoin Traders Target K As Key Support Zone: Here’s Why

Bitcoin (BTC) traders have shifted their focus lower after futures and order book data point to strong buyer interest in the $68,000-$70,000 zone.Sell pressure has increased in the derivatives markets and the daily bid-ask ratio fell to -0.03, showing sellers…

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