A massive $50 million cryptocurrency scam has been uncovered on Telegram, where fraudsters lured high-profile investors, influencers, and crypto whales into fake OTC (over-the-counter) deals. The operation spanned multiple altcoins and platforms, exposing a major security lapse in private crypto trading channels.
Ethereum is nearing a potential breakout above the $4,000 mark, fueled by rising institutional interest and over $800 million in ETF inflows this month. With growing optimism among traders and technical indicators pointing bullish, ETH could be poised for a major rally.
Iran’s top crypto exchange, Nobitex, was hit by a massive $90M hack. The cyberattack, claimed by the group Predatory Sparrow, is suspected to be politically motivated, as funds were burned and platform source code was leaked. The breach raises global concerns about cyberwarfare in the crypto space.
Bitcoin has regained upward momentum, holding above the $104K mark, as traders turn their attention to the strength of the U.S. dollar for future signals. With the Federal Reserve adopting a cautious stance, the greenback's performance could dictate the next big move in the crypto market.
Cryptocurrency markets declined broadly in mid-June 2025, with Bitcoin down 1.4% to $104,737. Ethereum is falling 1.6% to $2,525, XRP is dropping 3% to $2.15, and Dogecoin is extending losses for a fifth consecutive day to $0.17. Geopolitical tensions between Israel and Iran, combined with over $230 million in liquidations, drove the market-wide weakness.
Bitcoin Solaris, a next-gen cryptocurrency focused on scalability and speed, has raised over $5 million in its ongoing presale. With over 11,500 early investors, the project is set to debut on major exchanges later this month, sparking widespread market anticipation.
Trump Media & Technology Group has submitted paperwork with the SEC for a new spot Bitcoin & Ethereum ETF, allocating 75% to Bitcoin and 25% to Ether, with Crypto.com as the designated liquidity provider and execution agent. This follows a May announcement of a $2.5 billion Bitcoin treasury initiative and highlights Trump Media’s increasing pursuit of crypto assets and infrastructure
The U.S. Senate is expected to approve the GENIUS Act today—a landmark bipartisan bill establishing the first comprehensive stablecoin framework. It includes consumer protections and bans members of Congress (but notably not the President) from profiting from stablecoins. While praised by industry leaders like Coinbase’s CEO and the Treasury Secretary, critics—such as Sen. Elizabeth Warren—warn the bill creates a "super highway" for presidential conflicts of interest
Reuters reports that French banking giant SocGen is rolling out a dollar-backed stablecoin in July via SG-FORGE. Launching on Ethereum & Solana Custody by BNY Mellon Use cases include crypto trading, cross-border payments, FX, and collateralization
A feature from Barron’s with Galaxy Digital’s Mike Novogratz covers: Bitcoin’s near all-time highs (around $110K) Institutional entrants like Circle, BlackRock, and JPMorgan New stablecoin regulations (GENIUS & CLARITY Acts) Long-term outlook on crypto infrastructure and stablecoins
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