Author: John Smith

The European Union has approved anti-money laundering rules that will ban regulated crypto firms from supporting privacy coins while leaving direct Bitcoin transfers between private wallets outside the scope of mandatory identification requirements. Summary EU AML rules will bar regulated crypto firms from supporting privacy coins starting July 2027. Bitcoin transfers between self-hosted wallets remain outside direct EU identity verification requirements. The regulation also introduces a €10,000 cash payment cap and stricter KYC rules for crypto transactions. According to Regulation (EU) 2024/1624, which will take effect on July 10, 2027, crypto-asset service providers operating in the bloc will face stricter…

Cardone Capital has purchased another 282 Bitcoin worth about $18 million as the cryptocurrency market has retreated toward recent lows amid rising geopolitical tensions. Summary Cardone Capital bought another 282 BTC worth about $18 million as Bitcoin traded near $62,000. The firm uses rental income from multifamily properties to fund ongoing Bitcoin purchases. Grant Cardone targets 3,000 BTC by 2026 and 10,000 BTC over the longer term. In a June 19 X post, Grant Cardone announced that his real estate investment firm added 282 BTC to its treasury. Based on current market prices, the purchase is valued at roughly $18…

Ali Martinez has cautioned that Strategy’s STRC structure may amplify financial stress in a prolonged Bitcoin bear market, citing similarities to the feedback loop seen in Terra-Luna’s collapse in 2022. Summary Ali Martinez warned that Strategy’s STRC structure could increase financial pressure during a prolonged Bitcoin decline. STRC fell as much as 17% below its $100 par value, raising concerns about investor demand. Martinez said the stock’s feedback mechanism shares conceptual similarities with Terra-Luna’s collapse dynamics. In a June 19 X post, Martinez argued that STRC differs from traditional corporate bonds because its dividend rate can be adjusted to help…

Bitcoin has climbed back above $63,000 after reports of an Israel-Hezbollah ceasefire have renewed expectations that stalled diplomatic talks between the United States and Iran could resume before the end of June. Summary Bitcoin briefly reclaimed $63,000 after reports of an Israel-Hezbollah ceasefire improved market sentiment. Polymarket traders continue to expect U.S.-Iran talks before month-end despite recent disruptions. Analysts and on-chain data suggest downside risks remain despite the geopolitical relief rally. According to Reuters, Israel and Hezbollah have agreed to a ceasefire that is set to take effect on Friday, citing a senior U.S. official. The development comes days after…

Arthur Hayes has sold 6,000 Ethereum at a loss after accumulating nearly $10.6 million worth of ETH in recent days, even as other large investors continue adding to their holdings around a major support zone. Summary Arthur Hayes sold 6,000 ETH at a $606,000 loss after accumulating nearly $10.6 million worth of Ethereum days earlier. Lookonchain data shows K3 Capital and a Chun Wang-linked wallet acquired more than 17,000 ETH despite recent weakness. Technical indicators and liquidation data place Ethereum at a critical support zone near $1,700, with major liquidity sitting around $1,800. According to blockchain tracking platform Lookonchain, the…

The CLARITY Act has entered another round of Senate negotiations, with Senate Agriculture Committee Chairman John Boozman saying that limited understanding of the bill among lawmakers remains one of the biggest obstacles to its progress. Summary John Boozman says many senators still do not fully understand the CLARITY Act. David Nage estimates lawmakers and industry participants are 80%–85% aligned on the bill. Cynthia Lummis believes a Senate vote before the August recess is more likely than before July 4. According to a report from Punchbowl News, senators met on Thursday, June 18, to discuss the next phase of work on…

For a decade, no one could say whether a crypto token answered to the SEC or the CFTC, and the uncertainty defined the industry. The CLARITY Act is the bill written to settle that question. Here is what it does, how it works, where it stands, and what it would mean for you, in plain English. Summary The CLARITY Act would classify digital assets into commodities, investment contract assets, and payment stablecoins, each with a defined regulatory framework. Crypto projects could transition from SEC oversight to CFTC oversight once their networks reach a defined level of decentralization and utility. The…

Japan’s Financial Services Agency has suspended part of moomoo Securities’ operations for three months and ordered the brokerage to strengthen its internal controls after regulators found compliance, customer protection, anti-money laundering, and cybersecurity failures. Summary Japan’s Financial Services Agency has barred moomoo Securities from acquiring new customers for three months after finding compliance, AML, and cybersecurity failures. Regulators said the brokerage incorrectly labeled 78 non NISA eligible U.S. investment products as tax exempt assets and failed to adequately address the issue for affected clients. Authorities also cited shortcomings in suspicious transaction monitoring, stock transfer handling, and internal governance, prompting a…

HIVE Digital Technologies shares rose after the company announced a $220 million, three-year GPU cloud contract with Bell Canada and Cohere.  Summary HIVE’s BUZZ HPC signed a $220 million three-year AI cloud contract with Bell and Cohere. The deal covers 2,304 Nvidia Grace Blackwell GPUs at Bell’s Merritt facility in Canada directly. crypto.news earlier reported HIVE’s AI shift, falling Bitcoin holdings, and growing HPC revenue this year. The deal adds another step to HIVE’s move from pure Bitcoin mining into high-performance AI computing. The company said its BUZZ High Performance Computing unit will provide the GPU cloud layer for the…

Strive CEO Matt Cole said digital credit saw its hardest session yet after sharp moves in STRC and SATA.  Summary Cole said STRC and SATA fell on forced selling, not weaker credit quality. STRC dropped to $82.50 while SATA fell to low $90s before recovering intraday on Friday. Strive says reserves remain intact as digital credit investors review leverage and liquidity risks. In a post on X, Cole said it was “the most difficult day in the history of Digital Credit.” STRC fell as low as $82.50 before recovering, according to Cole. SATA also dropped from par to the low…