Day: June 12, 2025

China threatened by US stablecoins, G7 urged to tackle Lazarus Group: Asia Express

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Beijing urged to shape global stablecoin rules amid sovereignty concerns Chinese academics are warning that the growth of stablecoins is a rising threat to China’s monetary sovereignty by enshrining the global dominance of the US dollar. A commentary in China Economic Times argues that the rise of crypto comes with implications for sovereign credit systems, global governance models and the future of money. China Economic Times is a daily newspaper sponsored by the Development Research Center of the State Council, one of the country’s highest-ranking policy research bodies. Government officials…

Tencent exploring MapleStory developer Nexon acquisition

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Tencent, a Chinese technology and holding company with a global footprint, is reportedly exploring the possibility of acquiring game developer and publisher Nexon. Representatives from the tech company contacted the family of Nexon founder Kim Jung-ju to explore a potential deal, but no concrete terms have been reached and a deal is not guaranteed, according to Bloomberg. Nexon is the South Korean video game developer behind the MapleStory series, a massively multiplayer online role-playing game (MMORPG) that first gained popularity in the early 2000s as a traditional PC game. Web3…

Japan’s Shocking Debt Crisis (Spoiler: It’s Good for Bitcoin)

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HOME Lifts Off After World’s Largest Crypto Exchange by Trading Volume Adds Support for Defi App

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The world’s largest crypto exchange platform by trading volume is abruptly adding support for one decentralized finance (DeFi) application (DApp), causing its native token to skyrocket. In a new announcement, Binance says it is adding support for DeFi App (HOME), a DApp that aims to simplify decentralized trading as well as make it more accessible. After the addition, HOME skyrocketed, going from a low of $0.0201 on June 10th to a peak of $0.038 just two days later. The token has since retraced and is trading for $0.033 at time…

SOL Rally To $200 Possible As ETF Approval Odds Rise

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Key takeaways: SOL’s futures open interest surged to a 2-year high, reflecting growing institutional interest. Rising competition from other blockchains and neutral funding rates continue to dampen SOL’s bullish momentum. Solana’s SOL (SOL) failed to hold its bullish momentum after gaining 10% between Monday and Thursday. The cryptocurrency has shown weakness after testing the $180 level several times in May, but traders’ growing interest in leveraged positions could open the path to $200 and beyond. SOL futures aggregate open interest, SOL. Source: CoinGlass On Wednesday, total open interest on SOL…

Nasdaq Says Yes To Cardano, Earns Spot Among Crypto Giants

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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Cardano’s ADA has joined the Nasdaq Crypto Index, moving from the sidelines into the institutional spotlight. According to Nasdaq filings, this shift brings ADA alongside Bitcoin and Ethereum in one of the main benchmarks watched by…

Bitcoin Price (BTC) News: Late Thursday Selloff

Cryptocurrencies were broadly lower on Thursday, with the selloff picking up steam in the early U.S. evening hours. Bitcoin slipped more than 2.5% over the past 24 hours to $105,900, but the declines were far steeper in altcoins, with ether , solana , XRP and dogecoin among those tokens sporting 5%-7% drops. Risk assets in general got off to a poor start Thursday as President Trump threatened renewed tariff measures as the early July deadline for trade deals begins to get near. In addition, with nuclear negotiations with Iran not…

Blockchain Explained | What is Blockchain? | Blockchain Technology [Updated 2023]

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Blockchain Explained | What is Blockchain? | Blockchain Technology Everything you need to know! Blockchain is a decentralized digital ledger that records transactions in a secure and transparent way. It is the underlying technology that powers cryptocurrencies like Bitcoin and Ethereum. Each block in the blockchain contains a record of several transactions, and once a block is added to the chain, it cannot be altered or deleted. The blockchain is maintained by a network of computers all around the world, which work…

Shift to Digital Asset Tech Won’t Be Slow — Franklin Templeton CEO

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In an opinion piece published in Fortune, Franklin Templeton CEO Jenny Johnson wrote that the “advantages of blockchain are so compelling that we don’t foresee the shift to digital asset technology being slow or incremental,” echoing the growing positive sentiment some traditional finance institutions have toward crypto. “Indeed, we expect our industry will evolve more in the next five years than in the last 50,” Johnson said. “The pressing question is whether financial institutions will choose to embrace the digital asset wave (and the disruption coming with it), actively fight…