Tag:

Crypto

US Housing Regulator to Study Crypto Holdings in Mortgage Qualification Process

by admin June 24, 2025

In brief

The FHFA will examine the impact of crypto holdings on mortgage qualifications in the U.S.
A Trump donor and meme stock investor, Pulte has long supported digital assets, holding investments in Bitcoin and Solana.
Pulte joined the FHFA earlier this year and was sworn in as director in March.

The U.S. Federal Housing Finance Agency will examine how crypto holdings might be considered in the mortgage qualification process, its director, Bill Pulte, said Monday.

“We will study the usage of cryptocurrency holdings as it relates to qualifying for mortgages,” Pulte announced on X.

Further details on how crypto would be assessed were not provided. The FHFA has been approached for comment.

The FHFA is the independent regulator of key aspects of the U.S. housing market, including Fannie Mae, Freddie Mac, and the Federal Home Loan Banks.

It was created in the wake of the 2008 financial crisis to ensure entities operate safely and provide reliable funding for housing finance.

Pulte was sworn in as director of the FHFA on March 14 following his nomination by President Donald Trump.

Pulte, the founder of investment firm Pulte Capital Partners, is the grandson and namesake of William Pulte, the founder of Pulte Homes, the third-largest homebuilder in the U.S.

In addition to advocating for the inclusion of crypto in FHFA policy, Pulte has his own investments in digital assets.

His financial disclosure earlier this year shows holdings of between $500,001 and $1,000,000 in both Bitcoin and Solana.

He also holds shares in MARA, formerly Marathon Digital Holdings, a major bitcoin mining company.

In addition to crypto, he has also held so-called meme stocks such as GameStop and Bed Bath & Beyond. He has invested in Tesla, Palantir, and several companies owned by YouTube content creator MrBeast.

Pulte entered the crypto market in 2019, publicly revealing that he had purchased 11 BTC and announcing that he would give away crypto to his followers on X.

According to OpenSecrets, Pulte donated $6,600 to Donald Trump’s re-election campaign in 2024, as well as contributions to Trump’s Save America PAC and the Republican National Committee.

Edited by Sebastian Sinclair

Daily Debrief Newsletter

Start every day with the top news stories right now, plus original features, a podcast, videos and more.

Source link

June 24, 2025 0 comments

NFT Gaming

CoinShares Reports $1.24B in Weekly Crypto Inflows, Marking 10 Straight Weeks of Gains

by admin June 24, 2025

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Crypto asset investment products have continued to attract institutional capital for a tenth consecutive week, with CoinShares reporting $1.24 billion in net inflows during the most recent seven-day period.

This sustained trend has now driven total year-to-date (YTD) inflows to $15.1 billion, marking a significant milestone for the sector amid fluctuating market conditions.

The weekly CoinShares report, released earlier today, noted that the strong inflow momentum earlier in the week began to taper toward the end, a development attributed to the US Juneteenth holiday and geopolitical concerns involving US tensions with Iran.

Despite the slight cooldown, the data shows a broad pattern of ongoing institutional engagement in digital asset markets, led by continued interest in Bitcoin and Ethereum-related products.

Bitcoin and Ethereum Continue to Lead Institutional Demand

According to the breakdown, Bitcoin-focused investment products received $1.1 billion in net inflows for the week, marking the second straight week of significant capital entering BTC-related funds.

This occurred despite a broader price correction in the asset, a pattern CoinShares interprets as indicative of investors viewing the dip as a buying opportunity. Supporting this sentiment, short Bitcoin products recorded outflows of $1.4 million, suggesting a decrease in bearish positioning.

Crypto asset fund flows. | Source: CoinShares

Ethereum also maintained its strong performance, with inflows of $124 million marking the ninth consecutive week of positive sentiment for the asset. Cumulatively, this has brought inflows over the nine-week stretch to $2.2 billion, its longest sustained run of institutional buying since mid-2021.

Ethereum’s inflow streak comes amid heightened interest in the network’s staking ecosystem and optimism surrounding future protocol upgrades.

Beyond the two leading digital assets, modest inflows were also recorded in other altcoins. Solana funds saw $2.78 million in inflows, while XRP-based products attracted $2.69 million.

Though smaller in magnitude, these figures point to continued interest in diversified exposure beyond Bitcoin and Ethereum, particularly in assets with strong infrastructure use cases.

Regional Trends Reflect Diverging Global Sentiment

On a geographic basis, the US market once again led in volume, with $1.25 billion of the total inflow attributed to American investors. Canada and Germany also recorded net inflows, with $20.9 million and $10.9 million respectively.

Crypto asset fund flows by region. | Source: CoinShares

In contrast, Hong Kong and Switzerland experienced outflows of $32.6 million and $7.7 million, highlighting a degree of regional divergence in sentiment and positioning.

CoinShares Head of Research James Butterfill commented that while US inflows remain dominant, the week’s slowdown in the latter half may reflect broader market hesitance tied to holidays and geopolitical events.

Despite this, the aggregate YTD figure of $15.1 billion reflects growing institutional comfort with digital asset investment vehicles. The continued inflows come amid evolving regulatory discussions across major markets, including potential approvals for new digital asset products and tax incentives for investors.

The global digital currency market cap valuation. | Source: TradingView.com

Featured image created with DALL-E, Chart form TradingView

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.

Source link

June 24, 2025 0 comments

Crypto Trends

Federal Reserve Cuts Reputational Risk Category In Win For Crypto

by admin June 24, 2025

The US Federal Reserve said it has directed its supervisors to no longer consider “reputational risk” in its oversight of banks, which the crypto industry had long argued was used to unfairly target and debank crypto firms.

Industries deemed risky face significant challenges in establishing or maintaining banking relationships, and this was seen driving the so-called Operation Chokepoint 2.0 when more than 30 technology and crypto companies were denied banking services in the US.

In a statement on Monday, the Federal Reserve Board said it has started reviewing and removing references to reputation and reputational risk from its supervisory materials and replacing them with more “specific discussions” around financial risk.

At the same time, the board plans to train examiners and ensure the change is implemented consistently across banks under its oversight, while also working with other federal bank regulatory agencies to promote consistent practices.

Source: The Federal Reserve

Banks will still need risk management practices

Despite the change, the Federal Reserve Board said it still expects banks to maintain strong risk management that complies with all laws and regulations.

The change is also not “intended to impact whether and how Board-supervised banks use the concept of reputational risk in their own risk management practices.”

The Federal Reserve defined reputational risk as the potential that negative publicity regarding an institution’s business practices, whether true or not, will cause a decline in the customer base, costly litigation, or revenue reductions.

A boon for crypto and banking

US Senator Cynthia Lummis said the aggressive reputation risk policies “assassinated American Bitcoin & digital asset businesses,” adding that “This is a win, but there is still more work to be done.”

Source: Cynthia Lummis

Rob Nichols, president and CEO of the banking lobby group the American Bankers Association, also applauded the decision in a statement, saying, “The change will make the supervisory process more transparent and consistent.”

“We have long believed banks should be able to make business decisions based on prudent risk management and the free market, not the individual perspectives of regulators,” he added.

However, critics said eliminating reputational risk could obscure non-financial issues, impact bank stability, weaken oversight and potentially fuel riskier bank practices.

Regulators winding back crypto freeze out

Other regulators and oversight bodies in the US have started winding back crypto-related restrictions this year as well.

Related: SEC crypto staking guidance ‘major step forward’ for US: Crypto Council

The US Office of the Comptroller of the Currency confirmed in May that banks under its jurisdiction can trade crypto on behalf of customers and outsource some crypto activities to third parties.

The US Federal Deposit Insurance Corporation, an independent federal government agency, also said in a March letter that institutions under its oversight, including banks, can now engage in crypto-related activities without prior approval.

Magazine: SEC’s U-turn on crypto leaves key questions unanswered

Source link

June 24, 2025 0 comments

GameFi Guides

Fake Crypto Academy Swindles Florida Investor Of Nearly $1 Million In Life Savings

by admin June 24, 2025

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

According to court papers filed last week, a Florida man lost $860,000 after signing up for a crypto trading school that turned out to be a scam. He thought he had found a path to quick profits. Instead, his funds vanished into thin air.

Fake Trading School Scheme

Based on reports, the operation was run by Alpha Stock Investment Training Center, or ASITC, in partnership with a so-called exchange called CoinBridge.

The school charged students for lessons on “signal trading,” and CoinBridge claimed it had raised $10 million from 600 investors. Both names gave off an air of trust. But no real exchange existed. All trades went through the scammers’ own platform.

Phony Denver crypto school robbed Florida man of $860K, he says https://t.co/ni0vwaOjj8

— The Denver Post (@denverpost) June 21, 2025

Signals And Small Wins

According to the lawsuit, instructor John Smith gave the victim, Brian Firestone, a $500 “gift” in December. That small amount jumped to $55,000 in a short time. He saw the number on his screen and felt hopeful.

Next, he put in another $50,000 in January. Suddenly, his balance read $2 million. He messaged Smith, “I’m blown away by these results.” Those early wins convinced him the system worked.

A docket of the filing of the case. Source: Justia.

Ballooning Investments And Loans

Then came the risky part. He wired $470,000 from his bank account and borrowed $330,000 from ASITC to keep the trades going. His balance climbed all the way to $24.5 million.

He said he felt on top of the world. He believed the training had unlocked a secret. But at that point, he had lost control over his own money.

Bitcoin is now trading at $101,492. Chart: TradingView

Sudden Crash And Lawsuit

The turning point happened on March 9. A USDT trade failed, and the platform froze. “I can’t close it,” he texted Smith, blaming a glitch. Within minutes, his entire balance was gone. He discovered his funds had been drained.

Now, he’s suing CoinBridge and ASITC in a US court. He wishes to get his money back and expects the suit to bring to light the individuals behind the scam.

According to his lawyers, the school deceived him at every stage, keeping secret the information that they were in control of the exchange and the signals.

Featured image from Unsplash, chart from TradingView

Source link

June 24, 2025 0 comments

GameFi Guides

From Coffee to Crypto US Lawmakers Push to Use Bitcoin for Daily Life

by admin June 23, 2025

Senator Cynthia Lummis and ex-Congressman Mike Rogers aim to simplify the use of Bitcoin for ordinary transactions, such as purchasing coffee or groceries. At present, even small-scale Bitcoin deals may call for tax reporting, which many find too complex and deters users from making Bitcoin an integral part of their daily lives.

They recently assisted in passing the GENIUS Act, a bill that is aimed at making stablecoins have well-defined rules. The act wants to safeguard consumers without inhibiting innovation. It makes sure that firms that issue the digital coins abide by good rules and have sufficient financial buffers.

While the GENIUS Act is a big achievement, Lummis and Rogers say it’s just the beginning. They believe Congress must also create clear definitions for different types of digital assets. Some digital assets should be treated like commodities (such as gold), while others should be treated like securities (such as stocks). This would help businesses know which rules to follow and give regulators more clarity.

States such as Wyoming and Michigan are already at the forefront of crypto-friendly legislation. Michigan just recently enacted a “Cryptocurrency Bill of Rights” and suggested establishing a state government-run crypto reserve. Wyoming has enacted more than 30 crypto-specific laws, demonstrating how states can be quicker than the federal government.

The lawmakers also want to end “double taxation” on Bitcoin, such as taxes both when it’s mined and when it’s sold. They’re pushing to fix corporate tax rules that currently hurt Bitcoin holders.

Also Read: Senator Lummis Says Flawed Tax Rules Unfairly Target Bitcoin

Source link

June 23, 2025 0 comments

Crypto Trends

Next Crypto to 1000x as Fed Rate Cuts Could Kick Off in July

by admin June 23, 2025

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Despite holding interest rates steady between 4.25% and 4.5% since December 2024, the Fed may finally be ready to pivot. Federal Reserve Governor Christopher Waller has hinted that the first rate cut could arrive as soon as July, signaling a potential shift in monetary policy.

Waller thinks that the effects of Trump’s tariffs are now fully factored in, meaning there shouldn’t be any further downside risk. He has urged the Fed to be more proactive and not wait for the labor market slump before cutting rates.

It’s worth noting that the Fed has kept the rate steady in its latest June 18 statement. However, as market expectations swell, we might see a rate cut sooner rather than later.

Read on as we dig into the rate cut situation and also recommend a few tokens that could be the next crypto to 1000x as a more lenient policy change fuels risk-on sentiment.

Opposing Views Within the Fed

Mary Daly, the San Francisco Fed president, portrayed a more conservative approach when talking about rate cuts.

Daly believes that the Fed should wait till this fall to make a decisive move. And in the meantime, the committee should collect more economic data on various possible outcomes, including labor market trends.

As per reports, 12 out of the 19 Fed meeting participants expect at least one rate cut this year.

If rate cuts kick in, which they should, borrowing costs will go down, fueling more investments in non-traditional and ‘risky’ assets like crypto.

To help you stay ahead of the curve, we’ve handpicked three top cryptos that we believe could be the perfect portfolio boosters.

1. Snorter Token ($SNORT) – The Next Crypto to 1000x, Powering the Snorter Bot

$SNORT is a new cryptocurrency that powers the Snorter Bot, a powerful trading bot built into Telegram, allowing users to snipe liquidity in new meme coins on Solana (support for other blockchains coming soon).

All you have to do is give Snorter Bot a token-launch address. Then, it will automatically set up a buy order, meaning you’ll be able to buy new meme coins as soon as liquidity appears.

In other words, Snorter will allow you to get in when the prices are at their lowest, i.e., before the tokens pump.

Snorter is also incredibly secure. It runs all trades through MEV-resistant relayers, protecting you against front-running and sandwich attacks, as well as rug pulls, honeypots, and scams.

Although Snorter Bot offers a very competitive 1.5% trading fee, you can bring this down to an industry-best 0.85% by becoming a $SNORT holder.

Speaking of buying $SNORT, each token is currently available for just $0.0959, and the project has, in total, raised over $1.2M in early investor funding.

2. Bitcoin Hyper ($HYPER) – Bitcoin Layer 2 for Fast & Low-Cost Transactions

Bitcoin Hyper ($HYPER) is another utility token that has the potential to become the next crypto to explode.

According to our research-backed $HYPER price prediction, the token can surge 12,400% and hit $1.25 by 2030.

Such brain-melting numbers are a direct reflection of Bitcoin Hyper’s mission. It aims to introduce low-cost, fast transactions and smart contract capabilities to the Bitcoin ecosystem.

Although Bitcoin is a force to reckon with as a store of value, it’s nowhere near as popular as Ethereum or Solana when it comes to dApps.

$HYPER will build a Bitcoin Layer 2 that will combine Bitcoin’s security with Solana’s scalability, low transaction fees, and programmability.

Using a Canonical Bridge, $HYPER users will be able to convert their original $BTC into wrapped $BTC, which can then be used to interact with dApps, trade on decentralized exchanges, and earn staking yields across the Bitcoin L2 ecosystem.

Once you’re done, raise a withdrawal request on Bitcoin Hyper’s Layer 2. It will verify the transaction and release your corresponding $BTC back to your Bitcoin address on Layer 1.

Note that Bitcoin Hyper is currently in presale (more than $1.5M raised), which is why it’s available for a low price of $0.012. For more information, check out our detailed Bitcoin Hyper buying guide.

3. Useless Coin ($USELESS) – Viral New Meme Crypto with 1000x Potential

Useless Coin ($USELESS) is the internet’s perfect revenge on utility-backed altcoins and the best meme coins.

It’s built to promote ‘nothingness,’ as if to convey that there’s beauty in being a token of no use except, well, satire and humor.

$USELESS doesn’t come with any governance mechanics or staking, with liquidity fees being the only way it ever generates any revenue.

Thanks to strong community backing, $USELESS has emerged as one of the top trending cryptos, having gained around 24% since its launch just over a week ago.

One $USELESS token is currently priced at $0.1015, but given its amusing take on the modern meme coin scene and strong community hype (trading volumes are up 44% in the last 24 hours), you can expect it to hit triple-digit gains in the next few weeks.

Final Thoughts

With the US expected to adopt a controlled, proactive approach to cutting interest rates, which could begin as early as July, Wall Street could take it as a green light to increase investments across all risk markets, including crypto and the best altcoins.

If you’re looking for explode-worthy cryptos, have a look at utility tokens like Snorter Token ($SNORT) and Bitcoin Hyper ($HYPER).

However, make sure you do your own research before investing. None of the above is financial advice, and there are no promises in crypto thanks to the market’s uncertainty.

Source link

June 23, 2025 0 comments

Solana network extensions will redefine blockchain scaling

Crypto Trends

Solana inks partnership with Kazakhstan Ministry to advance tokenized markets and crypto education

by admin June 23, 2025

Solana announced that it has recently signed a Memorandum of Understanding with the Kazakhstan government to advance the region’s crypto industry through education and boosting startups.

In a recent post, the blockchain announced that the President of the Foundation, Lily Liu, just signed a Memorandum of Understanding with the Kazakhstan Ministry of Digital Development, Innovations and Aerospace Industry. The joint collaboration is aimed at advancing startups in the region that operate on the SOL (SOL) blockchain by providing more resources and tools.

The partnership will also serve to boost crypto developer education in Kazakhstan and advance the tokenization of capital markets to attract more investors into the market.

In the short video provided, Liu explained that the foundation has been looking for partners to work with in order to advance societies and build innovation that would also serve to increase the adoption of web3 technology.

“We look for people, companies, and countries that really want to partner in that vision and bring the next generation of financial infrastructure and also financial opportunity to their people and to their country,” said Liu, adding that the foundation saw Republic of Kazakhstan as a suitable collaborative partner.

Price chart for Solana in the past few day, June 23, 2025 | Source: crypto.news

Within the video, nCMO at the Solana Foundation Akshay BD explained how blockchain technology could help lure more investors into the country’s Astana International Exchange or AIX. By tokenizing capital markets on Solana, 90% of the trading volume would be stored within the blockchain.

“And that’s how AIX becomes globally competitive with NYSE and Nasdaq,” he said.

The partnership comes nearly a month after the nation established the first Solana Economic Zone in the Central Asia region.

On May 30, Kazakhstan’s MDAI officially launched the Solana Economic Zone Kazakhstan or SEZ KZ for short. It was the first economic initiative built on the Solana blockchain and established in Central Asia.

The Minister of Digital Development, Innovation and Aerospace Industry, Zhaslan Madiyev, believed that the initiative reflects the country’s willingness to integrate advanced digital technologies into its economy.

“We are committed to building a resilient and competitive digital environment. Projects like the Solana Economic Zone allow us to test and implement next-generation solutions — from asset tokenization to cultivating web3 talent,” said Madiyev.

Source link

June 23, 2025 0 comments

Crypto Trends

Crypto ETPs Post $1.2B Inflows While Spot Prices Drop

by admin June 23, 2025

Cryptocurrency investment products continued to attract strong investor interest last week despite major crypto assets like Bitcoin and Ether posting notable price drops.

Global crypto exchange-traded products (ETPs) recorded $1.24 billion of inflows for the trading week ending June 20, CoinShares reported on Monday.

With the latest inflows, crypto ETPs continued breaking year-to-date (YTD) inflow records, setting a new historic high at $15.1 billion, CoinShares’ head of research, James Butterfill, said.

Total assets under management (AUM) in crypto ETPs also edged up to $176.3 billion from last week’s $175.9 billion.

Bitcoin leads ETP inflows for a second consecutive week

Bitcoin (BTC) ETPs saw a second consecutive week of inflows, totalling $1.1 billion, despite BTC prices dropping from around $108,800 last Monday to $103,000 by the end of the week, according to CoinGecko.

The resisting growth in the Bitcoin ETP dynamics despite the spot price decline indicated that investors were buying on weakness, CoinShares’ Butterfill suggested.

Crypto ETP flows by asset as of June 20, 2025 (in millions of US dollars). Source: CoinShares

“This sentiment was further supported by minor outflows from short-Bitcoin products, which totalled $1.4 million,” he added.

Crypto Fear & Greed Index briefly shifts to “Fear”

CoinShares’ new crypto ETP report follows some notable adjustments in the Crypto Fear & Greed index, which suggests that the market sentiment dropped to “Fear” on Sunday after maintaining “Greed” for the past month. On Monday, the index slightly recovered to “Neutral.”

Though crypto ETP activity remained strong last week, the ETP sentiment cooled in the latter half of the week, likely due to the US Juneteenth holiday and emerging reports of US involvement in the Iran conflict, CoinShares’ Butterfill noted.

Related: Bitcoin ‘weakness shall pass’ after dip below $100K: Arthur Hayes

Crypto Fear & Greed index as of June 23, 2025. Source: Alternative.me

Both crypto ETPs and spot crypto prices held strong in the previous trading week, with ETPs posting $1.9 billion of inflows despite the escalation of the Israel-Iran conflict.

Magazine: History suggests Bitcoin taps $330K, crypto ETF odds hit 90%: Hodler’s Digest, June 15 – 21

Source link

June 23, 2025 0 comments

GameFi Guides

Iran Conflict Dumps Crypto, North Korean Hackers Target Crypto Wallets, EU MiCA Rules Make Investors Double Down on Best Wallet, and More…

by admin June 23, 2025

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Stay Ahead with Our Immediate Analysis of Today’s Crypto Presales

Check out our Live Update Coverage on the Best Crypto Presales for June 23, 2025!

With so many institutions and countries adopting crypto, the presale market is also heating up. The biggest difference is that it offers more diversified, unique early investment chances with potentially much bigger payoffs than regular stablecoins or BTC.

We provide real-time news on new presale projects, whale buys, funding and development milestones, as well as vital alerts. Everything you need to navigate potential opportunities and risks.

This page is updated frequently throughout the day, as we get the latest insider scoops on the hottest presales, so keep refreshing!

Disclaimer: Crypto investments are high-risk and you could lose your entire capital. Our content is informational only, and it does not constitute financial advice. We may earn affiliate commissions at no extra cost to you.

Get Solaxy to Weather the Storm After Trump’s Airstrikes on Iran

June 23, 2025 • 07:28 UTC

The crypto market quaked after Trump’s attack on several Iranian nuclear sites. This sent crypto into a dump dive, with over $595M bullish bets liquidated within 24 hours. Ethereum, XRP, and even Bitcoin slid down.

However, despite the market chaos, traders are looking toward altcoins and crypto presales that might soar this year.

One such project has proven their worth time and time again: Solaxy ($SOLX.

As the first-ever Solana Layer-2, $SOLX aims to enhance the blockchain with better speed and zero failed transactions. By combining Ethereum’s liquidity with Solana’s speed, Solaxy is sure to soar. The presale has raised over $56M, and 1 $SOLX is now $0.001766.

The project might be the best play for investors looking to weather the current storm and make smart investments. Read more.

Read more about Solaxy on the official site.

Best Wallet Token to Soar After Coinbase Secures EU-Wide MiCA License

June 23, 2025 • 07:28 UTC

The crypto industry is at a crossroads as Coinbase’s MiCA license is waiting for approval in Europe. That would make it one of the first crypto companies aligning itself fully with the new regulatory framework.

Coinbase would be able to operate seamlessly across all 27 EU states under one license (an incredible leap forward for crypto accessibility in Europe).

With more regulatory obstacles left in the dust, investors are becoming increasingly bullish. This makes presale tokens with real utility shine through the crowd.

One such coin is Best Wallet Token ($BEST). As the native token of a top non-custodial wallet (Best Wallet), $BEST supercharges the privacy-focused ecosystem. Investors get lower fees, better staking rewards, and early access to presales.

Best Wallet and its token are perfectly positioned to benefit from Europe’s crypto expansion as more investors are coming in. Read more.

Read more about Best Wallet Token on the official site.

North Korean Hackers Keep Targeting the Crypto Industry

June 23, 2025 • 07:28 UTC

The North Korean hacker group known as Famous Chollima is targeting crypto job applicants on a wide scale. They’re using a job application process to deceive those active in the crypto industry with a Python-based malware dubbed PylangGhost.

Victims, mostly India-based at the time of writing, are deceived into downloading the malware on their devices under the guise of “video drivers” being required for the process. The malware is delivered via a zip file with an innocuous name, such as nvidia.py. Once installed, the script harvests sensitive data such as browser sessions, wallet data (MetaMask, Phantom), and login credentials.

Windows and Mac systems are affected, but Linux systems appear to be safe. As attacks on crypto owners increase, crypto presales and wallets, such as Best Wallet, are stepping up their security and verification process, introducing MFA methods that make it difficult to extract funds from victims even if their credentials are leaked.

Read more about Best Wallet on the official site.

$BTC Season Confirmed, $112K Next as Smart Money Seek Double Exposure with $BTCBULL

June 23, 2025 • 07:28 UTC

$BTC breaks past $105K as a massive green candle forms on the three-hour chart. Community sentiment is 82% bullish, while the ASI hits 22 – clear Bitcoin Season.

Now, watch for immediate resistance at $112K where $BTC will retest its record high, with an extended target at $120K if momentum holds.

As meme coin 24-hour trading volume is down 24%, smart money seeks greater $BTC exposure. This is precisely why BTC Bull Token ($BTCBULL) presale raised $7.6M so fast – it gives direct $BTC exposure through airdrops scheduled for $BTC’s $150K and $200K milestones.

The presale won’t last forever, but $BTC’s bull run is just getting started.

Read more about BTC Bull Token on the official site.

Source link

June 23, 2025 0 comments

GameFi Guides

Crypto Exchange OKX Plans to Go Public in the US: Report

by admin June 23, 2025

In brief

The potential IPO aligns with a broader resurgence of crypto IPO activity, spurred by Circle’s successful public debut.
Several crypto firms are also preparing for public listings, driven by improving regulatory conditions and strong investor demand.
OKX was relaunched in the country in April, hiring Roshan Robert as U.S. CEO.

Crypto exchange OKX is reportedly exploring an initial public offering in the U.S., months after establishing a U.S. arm and agreeing to settle half a billion dollars with the Department of Justice over alleged money transmission violations.

The exchange would “absolutely consider an IPO in the future,” and if it does go public, it would “likely be in the U.S.,” Haider Rafique, chief marketing officer at OKX, said in an interview, according to a report from The Information.

A representative for OKX declined Decrypt’s request to comment further.

Although no official timeline or filing has yet been made public, OKX’s IPO considerations highlight its ambition to solidify a stronger foothold in the lucrative U.S. market.

Its plans of a U.S. IPO follow its expansion in the U.S. in April, when it established a regional headquarters in San Jose, California.

The move was a bid to broaden access to digital assets “in a secure, transparent, and compliant way,” Roshan Robert, its newly appointed U.S. CEO at the time, said in a statement.

OKX’s potential move toward the public markets aligns with a broader resurgence in crypto companies pursuing IPOs, likely influenced by Circle’s public debut on the New York Stock Exchange earlier this month, raising approximately $1.1 billion, with its share price surging nearly fourfold thereafter.

This successful market entry has set an optimistic precedent for other crypto firms considering similar public listings, with several prominent crypto firms already in various stages of IPO preparations, including Gemini, co-founded by the Winklevoss twins; Bullish, backed by billionaire investor Peter Thiel; and FalconX, among others.

Earlier in February, OKX agreed to settle over $500 million worth of penalties to the DOJ, pleading guilty to serving U.S. customers without a money transmitter license. At the time, the exchange said it continues to “prioritize innovation with compliance.”

A month later, the global platform’s decentralized exchange aggregator faced issues, prompting OKX to pause some services to address security concerns.

Edited by Sebastian Sinclair

Daily Debrief Newsletter

Start every day with the top news stories right now, plus original features, a podcast, videos and more.

Source link

June 23, 2025 0 comments