June 2025 – Page 139

Report Claims ‘Infighting,’ Cease-and-Desist Hits Trump-Linked Crypto Project After Wallet Reveal

June 5, 2025 by DIGIT

Bloomberg reports that World Liberty Financial, a company tied to Trump, has fired off a cease-and-desist letter to Fight Fight Fight—another Trump-linked business outfit—over the escalating drama surrounding the Trump Wallet debacle. Trump-Backed Financial Firm Targets So-Called Trump Wallet Project With Cease-and-Desist Two days ago, the NFT marketplace Magic Eden teamed up with Fight Fight … Read more

Circle’s NYSE Breakout Turns Heads—and Heats up Crypto Finance

June 5, 2025 by DIGIT

Stablecoin issuer Circle Internet Financial saw its stock take off on its first day of trading, leaping from an initial price of $31 to an intraday peak of $94.84. By 3 p.m. Eastern time, the CRCL ticker was up more than 158%, cruising at $80.19. Wall Street Just Got a Straight Dose of Stablecoin Hype, … Read more

Arca exec trashes Circle IPO in expletive-laced open letter

June 5, 2025 by DIGIT

Arca was one of the earliest crypto investment firms to back Circle, Arca chief investment officer Jeff Dorman wrote in the letter. Go to Source

WLFI sends cease-and-desist letter over ‘unauthorized’ Trump wallet — Report

June 5, 2025 by DIGIT

World Liberty Financial reportedly sent a letter after the company behind Donald Trump’s memecoin and Magic Eden announced plans to launch an “official $TRUMP wallet.” Go to Source

SHA256 Strikes Back: Bitcoin’s Mining Algorithm Reclaims the Throne in 2025

June 5, 2025 by DIGIT

When 2024 wrapped up, the SHA256 consensus algorithm used by Bitcoin ranked third in profitability, but now, as we kick off June 2025, it shares the top spot, matched up with Litecoin’s Scrypt. SHA256 and Scrypt Tie for Top Mining Profits in June 2025 Dec. 29, 2024 saw Scrypt, the mining method for litecoin ( … Read more

Global Ledger detects $15M of Garantex assets flowing despite Tether’s freeze

June 5, 2025 by DIGIT

The situation involving Garantex “undermines the illusion of control that many still cling to,” according to Global Ledger co-founder and CEO Lex Fisun. Go to Source

Uber Eyes Stablecoins to Cut Global Payment Costs, CEO Says Bitcoin Is a ‘Proven Commodity’

June 5, 2025 by DIGIT

Speaking at the Bloomberg Tech conference in San Francisco on June 5, Uber CEO Dara Khosrowshahi said the company is actively studying stablecoins as a potential payment method. Uber CEO Dara Khosrowshahi emphasized the practical benefits of using stablecoins, particularly for international transactions. “We’re still in the study phase,” he said, noting that global firms … Read more

Lummis: Fed confirmation signals ’brighter future for digital assets’

June 5, 2025 by DIGIT

Wyoming Senator Cynthia Lummis was one of the few voices in Congress tying Michelle Bowman’s confirmation to a win for cryptocurrency policies. Go to Source

Bitcoin Stalls and Stocks Follow Suit

June 5, 2025 by DIGIT

The cryptocurrency has traded mostly sideways all week, seemingly unmoved by key developments in the broader economy. Stocks Tread Water as Bitcoin Flatlines U.S. President Donald Trump announced that he had just finished a “very good phone call” with Chinese leader Xi Jinping on Thursday morning, initially sending stocks upward, but bitcoin ( BTC) barely … Read more

Blackrock Powers Bitcoin ETF Gains as Ether ETFs Extend Bullish Run to Day 13

June 5, 2025 by DIGIT

Bitcoin ETFs posted an $87 million net inflow, thanks to Blackrock’s dominant performance despite a sizable outflow from Fidelity. Ether ETFs extended their green streak to 13 days with $56.98 million in net inflows. $87 Million Inflow Pushes Bitcoin ETFs Higher With Ether ETFs Seeing Continued Momentum Momentum hasn’t slowed for digital asset ETFs. Bitcoin … Read more