In a sweeping critique of stablecoins’ future role, the Bank for International Settlements challenges their legitimacy as real money.
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Category: Cryptocurrencies
Barclays to Block Crypto Transactions on UK Bank Cards Over Debt Concerns
Barclays Bank will ban cryptocurrency purchases with its bank cards from 27 June 2025, citing debt risks and lack of consumer protections.
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US Bitcoin ETFs Hit 11-Day Inflow Streak with $588M Led by BlackRock Despite Macro Fears – Can $107K Push to $112K ATH?
Bitcoin ETFs recorded their eleventh consecutive day of positive inflows attracting $588.55 million led by BlackRock’s IBIT with $436.32 million, showing institutional confidence despite macro fears.
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Republic to Tokenize SpaceX Shares, Opening Access to Retail Investors
Key Takeaways: Republic will sell tokens linked to the performance of SpaceX private shares. Tokens do not confer ownership or financial disclosures. Investors can participate with as little as $50, capped at $5,000. Investment platform Republic will begin selling digital tokens that mirror the performance of SpaceX’s private shares, according to a report published on […]
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zkLend Shuts Down After $9.5M Hack—$200K Recovery Fund Launched
zkLend, a decentralized lending protocol built on Starknet, has officially shut down operations following a $9.5 million exploit. The team announced it will use its remaining $200,000 treasury to support affected users through a recovery fund. The decision comes after the delisting of the platform’s native token, ZEND, from major exchanges.How $9.5M Exploit and Delistings […]
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DOJ Alum Kevin Muhlendorf Tapped To Police SEC As Inspector General Ahead of Trump’s Crypto Shift
The SEC has selected Kevin Muhlendorf, former DOJ attorney and past SEC senior counsel, to serve as inspector general from July 28. Chair Paul Atkins says his oversight background will support transparent operations as the agency crafts clearer crypto rules under its new task force.
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Russian Crypto Mining Chief: Bitcoin Could Hit $130k Before Summer Is Out
A Russian crypto mining firm executive has claimed Bitcoin (BTC) prices could climb to the $130k mark in the second half of summer 2025.
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Metaplanet Pulls in Over $500M on Day One of ‘555 Million Bitcoin’ Plan
Metaplanet raised over $517m on day one of its ambitious “555 Million Plan,” marking strong early support for its Bitcoin-focused strategy.
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Eight South Korean Banks Join to Establish Won-Backed Stablecoin, Plan Two Key Models
Eight commercial South Korean banks have joined to establish a won-linked stablecoin that comprises two initial models – trust-based and deposit-linked.
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Anthony Pompliano’s ProCap Buys $386M in Bitcoin Ahead of IPO
Bitcoin advocate and entrepreneur Anthony Pompliano has made a bold entrance into corporate crypto holdings.
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