Category: crypto

India’s USDT premium has surged to over 8.5% due to enforcement action against crypto remittance firms disrupting the supply of the stablecoin. Authorities allege firms facilitated unauthorized cross-border transfers totaling over 2,500 crore rupees using USDT. Regulators are tightening oversight of India’s crypto market through various measures, including AML checks.

Over 550,000 BTC were transferred to deposit addresses linked to Binance and OKX as Bitcoin retested the $60,000 area. Analysts suggest potential selling pressure but not confirmed market sales. Recent exchange data shows BTC holdings rising while stablecoin balances decline. Large exchange-bound flows can indicate near-term sell-side pressure.

The EU’s MiCA rules go into full force on July 1, impacting crypto firms and investors. With only a small percentage of firms obtaining licenses, investors need to verify platform compliance. MiCA reshapes Europe’s crypto market with stricter regulations and licensing requirements, prompting a shift towards licensed trading platforms.

Strategy has announced a new capital management plan that allows for up to $1.25 billion in Bitcoin sales to support dividends, cash reserves, and share buybacks. The company increased its dividend rate and cash reserves while reporting no new Bitcoin purchases. Investors responded positively to the news, pushing MSTR shares up.

Bitmine has increased its Ethereum holdings to over 5.7 million ETH, nearing its goal of controlling 5% of the circulating supply. The company added 27,084 ETH last week, maintaining its buying pace despite market weakness. Bitmine has staked nearly 85% of its treasury and expects annualized staking revenue of $211 million.

BlackRock integrated Ethena’s synthetic dollar USDe into its Aladdin investment platform, causing ENA token to rise by 12%. The integration allows institutions managing over $20 trillion in assets through Aladdin to access USDe. Ethena also announced a partnership with BlackRock to provide liquidity for tokenized products.

Arthur Hayes invested $2.2 million in Synapse’s SYN token after supporting its Hypercall options DEX. This caused the token to surge as much as 26% on Monday. Hayes sees Hypercall as a challenger to Deribit and believes in the token’s potential. Traders locked in profits after the rally.

The U.S. Supreme Court has blocked President Trump’s attempt to remove Federal Reserve Governor Lisa Cook in a 5-4 ruling, preserving the Fed Board’s current balance. The court rejected Trump’s effort over allegations of mortgage fraud, stating that legal standards must be followed before a governor can be removed. Trump’s push for lower interest rates…

BNY has integrated USDC minting, redemption, custody, and transfer services into its Digital Asset Custody platform, providing institutional clients with direct access to Circle’s stablecoin. This move expands BNY’s relationship with Circle and allows for easier conversion between U.S. dollars and USDC within the platform. Other financial institutions are also developing products tied to stablecoins.

Prediction-market operators are consolidating trading infrastructure, leading to an acquisition wave across crypto exchanges, sportsbooks, and trading venues. Consumer platforms like Robinhood and Coinbase are expanding in-house capabilities, potentially slowing industry consolidation due to regulatory disputes between federal and state authorities. Regulatory disagreements over the treatment of sports event contracts may impact dealmaking.