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Elon Muskโs xAI Seeks $4.3 Billion in Fresh Funding: Bloomberg
xAI, Elon Musk's rising startup, is aiming to secure billions more in funding to fuel its AI ambitions, per a report.
Published on: June 17, 2025 | Source:
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US Senate approves landmark GENIUS Act for stablecoin regulation
The Senate approved the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act in a 51-23 vote on June 17, sending the measure to the House for consideration. The vote followed a 68-30 cloture decision on June 11 that cut off debate and started the mandatory 30-hour countdown to the final roll call. Senator [โฆ] The post US Senate approves landmark GENIUS Act for stablecoin regulation appeared...
Published on: June 17, 2025 | Source:JP Morgan's JPMD 'Stablecoin' Is Actually a Deposit Token on Base
The token will be available for use by select Coinbase institutional clients, before later becoming available to more traders, pending regulatorsโ approval.
Published on: June 17, 2025 | Source:25% Bitcoin price rally set to follow todayโs correction if history repeats
A Bitcoin price drop below $102,000 could be followed by a swift 25% rally to new all-time highs.
Published on: June 17, 2025 | Source:U.S. Senate Passes GENIUS Act to Regulate Stablecoins, Marking Crypto Industry Win
The legislation to set rules for stablecoin issuers is the first major digital assets bill to ever clear the Senate and now moves on to the U.S. House.
Published on: June 17, 2025 | Source:Senate Passes Landmark Stablecoin Bill in Major Boon for Crypto Industry
Tuesdayโs vote marks the crypto industryโs greatest legislative achievement yet. But hurdles remain before the stablecoin bill becomes law.
Published on: June 17, 2025 | Source:SEC opens Franklin Templeton XRP, SOL ETF proposals to comments
The Tuesday notices will push the SEC's deadline to approve or disapprove of the ETFs to late July, though it could be delayed further at that time.
Published on: June 17, 2025 | Source:Bitcoinโs slide below $104k liquidates over $500M as war tensions escalate
Bitcoin (BTC) continued its pullback on June 17, sliding over 4% amid renewed military and political friction between Israel and Iran. The flagship crypto fell to an intraday low of $103,300before bulls stepped in to steady the price and push it back above $104,000, As of press time, Bitcoin was trading at $104,439, down roughly [โฆ] The post Bitcoinโs slide below $104k liquidates over $500M as war tensions escalate...
Published on: June 17, 2025 | Source:Next-Gen Xbox Preview: Everything You Need to Know About the Console and Crypto Plans
UPDATE: Microsoft just confirmed who's providing the tech behind its next-gen Xbox consoles. Here's what you need to know.
Published on: June 17, 2025 | Source:Coinbase Eyes SEC Green Light for Trading of Tokenized Stocks: Reuters
Coinbase wants to offer stocks that trade on blockchains, according to an interview with the exchange's legal chief.
Published on: June 17, 2025 | Source:Bitcoin Financial Services Firm Fold Set to Unload $250 Million on BTC Buys
The publicly traded Bitcoin financial services firm plans to issue and sell shares of its stock, largely to add more Bitcoin to its corporate treasury.
Published on: June 17, 2025 | Source:JPMorgan pilots tokenized deposit token on Base, targeting instant dollar transfers
JPMorgan will pilot a dollar-denominated deposit token called JPMD on Coinbaseโs Base blockchain within days, global blockchain division co-head Naveen Mallela said in an interview with Bloomberg News on June 17. The test will transfer a fixed amount of JPMD from the bankโs digital wallet to Coinbase, making the token available to selected institutional users [โฆ] The post JPMorgan pilots tokenized deposit token on...
Published on: June 17, 2025 | Source:Kraken's Ethereum Layer-2 Ink Network Is Launching a Token
The Ink Foundation will debut a native token for Kraken's Ethereum layer-2 network. Here's what we know so far.
Published on: June 17, 2025 | Source:JPMorgan pushes JPMD pilot on Base, says deposit tokens beat stablecoins
Once the pilot phase ends, Coinbaseโs institutional clients can begin using JPMD for transactions.
Published on: June 17, 2025 | Source:Coinbase Seeks SEC Approval to Offer Tokenized Stock Trading
The move could pit the crypto exchange against Robinhood and Schwab.
Published on: June 17, 2025 | Source:Treasury Secretary Bessent says stablecoins are debt relief engine as Senate readies to vote on GENIUS Act
Treasury Secretary Scott Bessent stated on June 17 that stablecoins could cut federal borrowing costs and slow debt growth if Congress sends the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act to the president. In an X post, he pointed to research projecting a $3.7 trillion stablecoin market by 2030 and argued that [โฆ] The post Treasury Secretary Bessent says stablecoins are debt relief...
Published on: June 17, 2025 | Source:GENIUS Act could strengthen dollar power, write โrulebookโ for global financial system
After clearing a key procedural vote, the GENIUS Act faces a final decision in the Senate before moving to the House of Representatives.
Published on: June 17, 2025 | Source:Bitcoin, Altcoins Plunge as Trump's Threat to Assassinate Iran Leader Escalates Middle East Tensions
Bitcoin, Ethereum, and other coins are down after President Trump threatens to have Iran's leader assassinated.
Published on: June 17, 2025 | Source:Regulatory uncertainty looms as CFTC struggles with vacancies
New legislation in Washington would have the CFTC regulate crypto, but is it currently able to provide effective rulemaking?
Published on: June 17, 2025 | Source:Can Tether's Dominance Survive the U.S. Stablecoin Bill?
Some uncertainties remain around the GENIUS Act that could establish U.S. stablecoin rules, and theories abound about how Tether may respond.
Published on: June 17, 2025 | Source:JP Morgan Exec Wary of 'Overcrowding' Stablecoin Market as Bank Registers JPMD Trademark
JP Morgan warns of an "overcrowding" stablecoin market while major banks await regulatory clarity. The GENIUS Act faces a crucial Senate vote today.
Published on: June 17, 2025 | Source:Why Blockchain Valuation Models Are Still Up for Debate
How do you appraise the value of a decentralized network? William Mougayar says every new era of the internet requires a new way of thinking about value.
Published on: June 17, 2025 | Source:Coinbase seeking SEC approval to offer blockchain-based equities
Coinbase is seeking permission from the U.S. Securities and Exchange Commission (SEC) to launch blockchain-based equities, Reuters reported on June 17, citing the exchangeโs chief legal officer, Paul Grewal. The plan would enable Coinbase to offer digital tokens that represent ownership in publicly listed companies, effectively merging traditional equity markets with blockchain infrastructure. If greenlit, [โฆ] The post...
Published on: June 17, 2025 | Source:Shiba Inu Slides to Two-Month Low as Trump Threatens Khamenei, Demands Unconditional Surrender
SHIB experienced a 3.5% decline amid broader crypto market losses and U.S. stock market weakness.
Published on: June 17, 2025 | Source:Bitcoin Heads Lower as Trump Threatens to Assassinate Iranโs Supreme Leader
The U.S. President has called for Iran's unconditional surrender.
Published on: June 17, 2025 | Source:Meme Coin Massacre: Buying Opportunity or a Warning to Exit?
PEPE drops 12%, SPX6900 dives 11%, and Fartcoin falls 9% amid geopolitical shocks and whale exits. Is the meme coin market facing a hard reset?
Published on: June 17, 2025 | Source:Can the Real Cypherpunks Please Stand Up?
Crypto has not come this far to sell out to the political machine. Coinbase's sponsorship of the U.S. Army's 250th Anniversary military parade is a stark reminder that while crypto must be compliant, it should not be co-opted, says Megan Knab, CEO and Founder of Franklin.
Published on: June 17, 2025 | Source:AgriFORCE Launches Gas-Powered Bitcoin Mining Site in Alberta, Plans Expansion to 1 EH/s
AgriFORCE brings stranded natural gas online for crypto mining and compute with its new Alberta site.
Published on: June 17, 2025 | Source:Coinbase seeks SEC approval for โtokenized equitiesโ โ Report
If approved by the US regulator, the investment offering could have Coinbase competing against other stock trading platforms.
Published on: June 17, 2025 | Source:Krakenโs L2 network rolls out native INK token to power protocol incentives, allocation
Ink Foundation announced on June 17 that it would mint 1 billion INK tokens to fund user-run liquidity on Ink, the Ethereum layer-2 network backed by Kraken. The foundation has permanently set the supply cap and will release the mint date and contract address after completing the audits. The end of audits, together with predefined [โฆ] The post Krakenโs L2 network rolls out native INK token to power protocol incentives,...
Published on: June 17, 2025 | Source:TRUMP'S CRYPTO RISK, THE CRCL TRADE, MARKET VOLATILITY
TRUMP'S CRYPTO RISK, THE CRCL TRADE, MARKET VOLATILITY UNDER EXPOSED LIVE ON DEGENZ. Degenz Live is the only content you need for crypto, macro, trading, gambling and risk-taking. Powered by MYRIAD MARKETS, REKT BRANDS and YEET CASINO. Macro. Trump's growing crypto risk. The CRCL short trade. PUMP and the SOL Trade. More crypto treasury companies by the day. JP morgan teases stablecoin. HYPE hits new ATH. Fartcoin on...
Published on: June 17, 2025 | Source:Institutional Investors Ready to Buy Crypto ETPs 'In a Matter of Weeks' as UK FCA Approval Looms: WisdomTree
Institutional investors representing retail clients are waiting for the UK regulator to fire the starting gun, said the digital asset manager.
Published on: June 17, 2025 | Source:Bitcoin price stabilizes and rallies amid regional conflicts, data shows
Throughout the last 10 years, Bitcoinโs price has remained resilient to war and armed conflict.
Published on: June 17, 2025 | Source:NEAR Plunges 8% as Middle East Tensions Rattle Crypto Markets
Uncertainty in the Middle East drove volatility despite protocol reaching 46 million monthly users.
Published on: June 17, 2025 | Source:This Crypto Gaming PC Will Self-Destruct on Command
Ethereum gaming protocol B3 has acquired PC rig maker Andromeda Insights, revealing a crypto-ready desktop with a head-turning feature.
Published on: June 17, 2025 | Source: