Day: June 13, 2025

Stablecoins To Hit $2 Trillion? US Treasury Hints At Explosive Growth

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US Treasury Secretary Scott Bessent told lawmakers that dollar-pegged stablecoins could swell to more than $2 trillion in the next few years. He spoke at a Senate hearing this week. His outlook came as Congress moved to set new rules on how these tokens must be backed. Growth Forecast Details According to Bloomberg, Bessent said a leading industry group expects the stablecoin market cap to top $2 trillion. He called that view “very reasonable.” It would mean backing up to $2 trillion in tokens with US Treasury Bills. Based on…

BlackRock quietly accumulated 3% of all Bitcoin. Here’s what that means

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What percentage of Bitcoin is owned by BlackRock? BlackRock’s entry into the Bitcoin market through the iShares Bitcoin Trust (IBIT) has marked a new era in institutional Bitcoin accumulation. Since its launch on Jan. 11, 2024, IBIT has grown at a pace that few expected, and no other ETF has matched. As of June 10, 2025, BlackRock holds over 662,500 BTC, accounting for more than 3% of Bitcoin’s total supply. At today’s prices, that’s $72.4 billion in Bitcoin exposure, a staggering figure by any measure. For comparison, it took SPDR…

Walmart and Amazon eye dollar-pegged stablecoins to cut payment costs: report

U.S. retail powerhouses Walmart and Amazon are reportedly weighing the launch of their own dollar-pegged stablecoins. Per a June 13 WSJ report, the companies are said to be exploring how stablecoin launch and integration could help streamline payment systems, significantly cut processing fees, and reduce reliance on the traditional banking infrastructure. By issuing their own tokens, both firms could shift massive volumes of daily transactions onto the blockchain, offering more efficient payment flows. Citing sources familiar with the matter, the report also noted that other major players, including Expedia Group…

This Mining Company Makes a Ridiculous Amount of Money

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io How much money does the top gold producer make every year? Making Mining Less Mundane one Short Video at a Time. #mining #goldmining #goldminingproject #gold #goldproduction #profit #earnings #goldprice #newmont #mines #nevada #nevadamining #usamining ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version

Bulls vs Bears: Ether Whales Accumulate as Price Crashes 9%

Key Notes ETH fell 8.2%, triggering a $28 billion drop in market cap and heavy liquidations. Despite the panic-selling among retailers, whale accumulation increased. Analysts suggest that ETH is still consolidating in a bullish channel. Ethereum ETH $2 528 24h volatility: 7.6% Market cap: $305.15 B Vol. 24h: $41.09 B experienced a sudden flash crash on Friday, plunging below the key $2,600 support level to trade around $2,518 at press time. The drop wiped out nearly 8.2% of ETH price in just 24 hours, slashing over $28 billion from its…

KuCoin Unveils Fully Regulated ‘KuCoin Thailand’ Exchange – SuperCryptoNews

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KuCoin, a prominent global cryptocurrency exchange, today announced the official launch of KuCoin Thailand, a fully licensed digital token and cryptocurrency exchange now open to all eligible users in Thailand. The platform operates under the stringent supervision of Thailand’s Securities and Exchange Commission (SEC), marking a significant step for KuCoin in its global compliance efforts. The launch of KuCoin Thailand represents the first fully regulated local digital asset exchange under the KuCoin brand. This milestone aligns with KuCoin’s overarching mission to establish fast, secure, and user-friendly infrastructure for crypto users…

Bitcoin (BTC) Price Crashes Below $105K: Will Buyers Take Charge?

Key Notes Bitcoin dropped 2.5% to $104,937 amid geopolitical tensions. Binance taker volume hit -$197M, signaling peak sell pressure. BTC ETFs saw $970M in inflows over the past three days. As Israel launched a military strike on Iran in the late hours of June 12, the global risk assets saw a major drop in their values. According to the data by CoinMarketCap, Bitcoin BTC $104 832 24h volatility: 2.1% Market cap: $2.08 T Vol. 24h: $48.01 B price plummeted  2.5% to $104,937 at the time of writing. The sell-off erased…

CFTC: Crypto Won’t Get Easy Pass Despite Trump’s Pro-Crypto Policies

Key Notes Pham discussed her vision of “uberizing crypto”, where digital assets become integral to daily life. She also criticized the Biden administration for overreaching in its regulatory actions. The CLARITY Act awaits Senate approval, and if approved, the bill would assign greater regulatory authority to the CFTC. Caroline Pham, the chairman of the US Commodities and Futures Trading Commission (CFTC), warned that the agency won’t be going easy on the crypto industry just because the Trump administration is introducing pro-crypto policies in place. While speaking at the Coinbase Annual…

Vitalik Buterin Backs Lean Ethereum Proposal to Drive Quantum Security

Key Notes Vitalik Buterin has come up with a Lean Ethereum proposal to improve quantum security. The framework aims to deliver on security, simplicity, and optimality. Meanwhile, Ethereum treasury firm SharpLink Gaming shares dropped by 70%. . In his regular quest to improve the Ethereum blockchain, co-founder Vitalik Buterin has devised a proposal that could improve the network’s quantum security. This time, the network co-founder examines how a “Lean Ethereum” roadmap may be utilized. Lean Ethereum to Deliver Security, Simplicity, and Optimality Buterin sat with researcher Justin Drake during a breakout session at…

Bitcoin Price Crashes Below $103,000—What Triggered It?

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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. After hitting $110,450 on Monday, the Bitcoin price is writing its third consecutive red day as the benchmark cryptocurrency fell 5.3% from an intra-day top of $108,450 to a trough of $102,664 before clawing back to…