Crypto lobby wants software dev protections added to crypto bill

The largest US crypto lobbying groups have asked lawmakers to include protections for software developers and infrastructure providers in a bill aiming to regulate the crypto space. A joint statement on June 5 by the DeFi Education Fund, Coin Center, the Solana Policy Institute, The Digital Chamber, Blockchain Association, Crypto Council for Innovatio, and the…

Ethereum Bots Drive $480B Stablecoin Surge as Network Reclaims DeFi Spotlight

The Ethereum network is staging a comeback in 2025 as bot-driven activity and stablecoin growth push the mainnet back into the center of decentralized finance (DeFi).  On June 4, crypto trading platform CEX.io reported that automated bots facilitated 4.84 million stablecoin transfers on Ethereum’s layer-1 blockchain in May. The volume reached $480 billion, its highest…

Crypto lobby wants software dev protections added to crypto bill

The largest US crypto lobbying groups have asked lawmakers to include protections for software developers and infrastructure providers in a bill aiming to regulate the crypto space. A joint statement on June 5 by the DeFi Education Fund, Coin Center, the Solana Policy Institute, The Digital Chamber, Blockchain Association, Crypto Council for Innovatio, and the…

Bitcoin price stuck under $107K: Here is why

Key points: Bitcoin trades within a narrowing range between $103,500 and $108,800 over the last six days. BTC price must establish $107,000 as new support to continue the uptrend.  Liquidity thickening on both sides of the spot price suggests Bitcoin price could break out in either direction.  Bitcoin (BTC) price has been consolidating within a…

Uber CEO mulls using stablecoins to cut cost of moving money

Ridesharing giant Uber is in the “study phase” of using stablecoins to help reduce the costs of moving money around the world, says its CEO Dara Khosrowshahi. Khosrowshahi said on stage at the Bloomberg Tech Summit in San Francisco on June 5 that Uber is “definitely going to take a look” at stablecoins. “We’re still…

Trump-Musk feud tanks Bitcoin, liquidating $308M long bets

Investors who went long on Bitcoin saw significant losses over the past 24 hours as the cryptocurrency dipped nearly 3%, nearing a retest of the $100,000 level. The price decline comes as the feud between US President Donald Trump and billionaire Elon Musk intensifies, and those holding Bitcoin (BTC) for over 155 days keep selling…

DOJ files to confiscate alleged North Korea IT worker crypto

The US Department of Justice has moved to seize $7.74 million in crypto allegedly earned by North Korean IT workers using fake identities and working at blockchain firms as remote contractors.   The funds were initially frozen in April 2023 as part of an indictment against Sim Hyon Sop, a China-based banker allegedly helping North Korean…

BTC Bulls Laser Focused on $120K Despite Trump-Musk Turmoil

Good Morning, Asia. Here’s what’s making news in the markets: Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk’s Crypto Daybook Americas. Bitcoin is trading above $101.5K as Asia begins its trading day,…

Ethereum looks unlikely to break $3,000 in the near term as network activity stays sluggish

Key takeaways: Ethereum’s decreasing TVL contrasts rising fees Ether (ETH) has struggled to reclaim the $2,700 mark despite an 8% gain between June 2 and June 4. Although the price gained 48% between May 5 and June 5, further upside appears limited due to some weak network activity and rising competition. Ethereum network total value…

Trump’s push to deregulate crypto is touted as a win for innovation and financial freedom.

Opinion by: Elias Vilochkin, chief product officer of ChangeNOW Bitcoin optimism is naturally running high. US President Donald Trump’s trade agreement with the UK has provided a jolt of confidence in global markets, and Bitcoin (BTC), as the ultimate borderless asset, is reaping the benefits. Unfolding behind the Trump administration’s aggressive push to deregulate the…