❕ Bank for International Settlements argues stablecoins fail "three key tests"

"Central bank for central banks" claimed that fiat-pegged digital assets fail "the three key tests" that would enable them to be the backbone of the monetary system: singleness, elasticity and integrity.

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🔥 Bitget partners with DWF Labs to boost WLFI’s stablecoin

DWF Labs will provide institutional-grade liquidity support for USD1 across both spot and derivatives markets.

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📣 Coinbase CEO says Coinbase is powering crypto integrations "for ~200 banks, brokerages, fintechs, and payment companies"

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🪙 Norwegian mineral mining firm Green Minerals eyes $1.2B raise for Bitcoin Treasury

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⚡️ South Korea's largest bank files stablecoin trademarks for upcoming banking consortium

KB said it is a preemptive effort in preparation for the upcoming stablecoin consortium with seven other major banks in the country.

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🔥 Arizona lawmakers advance bill to establish crypto reserve using seized funds

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❕ Crypto coin A7A5 for Russian shadow payments moves $9B

The findings of CIR’s* investigation suggests that A7 has been constructing a system based on both fiat currency and cryptocurrency for the large-scale transfer of money into and out of Russia.

* — The Center for Investigative Reporting is a nonprofit US news organization.

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🪙 Metaplanet raises $517M to buy more Bitcoin

🔄 Earlier: $5B investment.

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❕ Brussels is set to ignore ECB warnings over Stablecoin rules

Brussels is poised to announce new rules for the rapidly growing stubcoin market, honing its warning from the European Central Bank that it could destabilize regional banks during the period of market volatility.

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⚡️ Republic plans to sell digital tokens that mirror the performance of SpaceX’s private shares in a move largely untested with regulators

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❕ UK Barclays: Starting 27 June, customers will no longer be able to make cryptocurrency transactions

The bank concerns that falling crypto asset prices could leave customers with unaffordable debt and a lack of protection if transactions go wrong.

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💲 Tether CEO says firm "will become the biggest bitcoin miner" by end of 2025

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🪙 Anthony Pompliano's ProCap BTC buys an additional 1,208 BTC, now hold 4,932 BTC

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🔖🔖⬜️🔖 from $105,260 to $107,942

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📣 US Senator Cynthia Lummis says: “Treasury has some tools that it could use to convert current underperforming assets into BTC”.

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🪙 GameStop secured an additional $450M for BTC purchases, boosting its total budget to $2.7B.

🔄 Earlier: GameStop announces pricing of upsized private offering of $2.25B of convertible senior notes.

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🔥 Jerome Powell, Fed Chair, responding to questions in front of the Senate said: “The crypto stablecoin industry has matured and become more mainstream”.

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⚡️ The largest mortgage agencies in the US, Freddie Mac and Fannie Mae, have been directed by the FHFA* to incorporate crypto assets into their mortgage application evaluations

* — Federal Housing Finance Agency

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🪙 White House Deputy Director says: “There is an accumulation plan for the US to buy more BTC”.

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🔥 Trump's WLFI announced "Big news"

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🔥The WLFI token will soon be tradeable, according to World Liberty Financial’s announcement

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