Author: John Smith

VERA, a secure B2B messaging platform, has partnered with decentralized identity infrastructure provider cheqd to bring verified digital identity into business communications. In a press release shared with crypto.news, VERA announced that it has integrated cheqd’s decentralized identity stack, including Verifiable Credentials, AnonCreds, and DID-linked resources. This lets VERA users authenticate counterparties in real time, helping reduce risks in industries like construction, procurement, and finance where fraud and timing are serious concerns. It also allows for fast onboarding of new suppliers, secure sharing of documents, and fraud-resistant invoicing, all through a single, encrypted platform. “cheqd’s infrastructure allows us to not…

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. The recent Movement Foundation (MOVE) token meltdown, where a market maker seemingly dumped millions of tokens immediately after listing, is yet another case study in web3 market dysfunction. Crypto is rooted in innovation and technical rigor, but too often, it lacks something more fundamental: operational and financial maturity.  Most web3 tokens are launched by teams with strong technical ability, but less financial experience or discipline. These are teams of engineers and visionaries—builders with deep protocol expertise but…

Singaporean meme coin-focused startup MemeCore is planning to enter the Korean market by purchasing an company listed on the Kosdaq stock exchange. According to a recent press release from the company, the layer 1 blockchain project declared that it is currently in the negotiation phase of the acquisition of a South Korea-listed company. The firm declares it is in the process of reviewing several company listed on one of the leading stock exchanges in the country. At press time, the company has not unveiled the name of the Kosdaq-listed company it plans to purchase. However, it has revealed what it…

Lagrange, the native token tied to the Lagrange Foundation, skyrocketed by as much as 528% on June 5 after securing listings on several top-tier crypto exchanges, including Binance Alpha, Coinbase, and KuCoin. According to data from CoinGecko, Lagrange (LA) surged to an intraday high of $1.57 in afternoon Asian trading, pushing its market cap above $265 million at the time of writing. The massive rally came hot on the heels of Lagrange’s token generation event held on June 4. The TGE was paired with a flurry of exchange listings, not just on big names like Coinbase and KuCoin, but also…

Cardi B’s promotion of the WAP memecoin on X the other day sparked a 100% price surge, only for its market cap to crash from $2.5 million to $139K shortly after, as wallets that had accumulated five days before the post dumped. On June 3, rapper Cardi B promoted the memecoin Wet Ass and Pussy (WAP) on X, sharing its contract address and declaring, “WAP is back. Even wetter than last time.” Her post sent WAP’s price surging from the opening price of $0.0011 to an intraday high of $0.0022 — a 100% spike. Source: Dexscreener However, the hype was…

Mastercard reports nearly half of its e-commerce transactions are now tokenized. The payment giant believes it is on track towards tokenizing all transactions in the EU by 2030. By adopting tokenized transactions, Mastercard aims to completely abandon manual card transactions and completely tokenize its e-commerce transactions by 2030. It hopes to eliminate obstacles for clients by making the process as fast and seamless as possible while also maintaining security and reliability. According to the credit card firm’s recent press release, nearly half of the e-commerce transactions coming from clients in Europe have been tokenized. These transactions include the ones conducted…

The Ethereum Foundation has introduced a new treasury policy designed to ensure long-term sustainability while supporting the ecosystem’s continued growth. According to a June 4, 2025 statement, the Ethereum Foundation is refining its treasury management framework. Central to the new policy is a disciplined asset-liability management approach that balances risk and liquidity to safeguard financial stability. It provides clear guidelines for token sales, fiat reserves, and strategic on-chain investments while prioritizing transparency and long-term sustainability. While it has historically relied on holding ETH, the new strategy will aid the foundation in taking a more active approach to treasury management, including…

Moroccan authorities have arrested Badiss Mohamed Amide Bajjou, a French-Moroccan national accused of playing a leading role in a string of high-profile kidnappings targeting cryptocurrency executives and their families in France. Per a local media report, Bajjou was apprehended on Wednesday, June 4, in the northern Moroccan city of Tangier. Acting on a 2023 Interpol red notice requested by French authorities, Morocco’s National Brigade of the Judicial Police and the General Directorate for Territorial Surveillance launched a coordinated operation that led to Bajjou’s arrest in Tangier. The 24-year-old, originally from Le Chesnay, west of Paris, was reportedly found in possession…

The U.S. Securities and Exchange Commission has delayed its decision on the proposed Canary SUI exchange-traded fund, triggering renewed bearish sentiment around the SUI token.  The token has slipped 2.7% over the past 24 hours to trade at $3.18, extending a pullback that began after its May 22 local high of $4.02. Sui (SUI) is now 40% below its all-time high of $5.35 from January. The latest setback comes after the SEC announced a delay in its decision regarding the proposed Canary SUI ETF, a product that would offer regulated exposure to the Sui token The SEC, in a June 4 filing,…

California lawmakers recently passed a bill that would allow the state to ‘seize’ cryptocurrency in traders’ exchange accounts that have remained idle for three years. The new law has sparked debate among worried traders. On June 4, the California House passed Assembly Bill 1052 or AB 1052. The bill stipulates that if users fail to show “ownership interest” towards crypto assets kept in their digital accounts for up to three years, then the state is allowed to seize the crypto kept in the account. If it passes through the Senate vote, the bill would allow the State of California to…