TRM Warns of World Cup Crypto Scams Targeting Fans

TRM Labs warned that crypto scammers are targeting FIFA World Cup fans through fake ticketing sites, fixed-match betting schemes and event-themed crypto promotions.  The blockchain intelligence company said it identified several World Cup-related scam operations, including two fake-ticketing sites and one fixed-match betting pitch tied to four crypto addresses. “Criminals always look to exploit major…

Ethereum Can Quantum-Proof Accounts for $0.07: Ethereum Researcher

Ethereum could begin adding post-quantum protections to accounts for as little as $0.07, without waiting for a hard fork, according to the Ethereum Foundation’s Kohaku project lead Nicolas Consigny. In a Saturday X post, Consigny shared a paper proposing a cheaper way for Ethereum users to protect their accounts against future quantum-computing threats. The approach…

Crypto PAC Has $5M Stake in Senate Primary Runoff as Alabama Voters Head to Polls

Defend American Jobs, the cryptocurrency company-backed political action committee (PAC) affiliated with Fairshake, reported spending millions of dollars to support a Republican candidate’s run for a US Senate seat in the party’s Tuesday primary runoff in Alabama. As of Tuesday, filings with the Federal Election Commission (FEC) showed that Defend American Jobs had spent more…

XRP News: Ripple invests in Flutterwave, bringing RLUSD and XRP Ledger to payments in Africa

Ripple, the blockchain firm closely associated with the XRP Ledger (XRP) network, invested in African payments company Flutterwave as part of its Series E funding round, a deal centered on expanding the use of stablecoins for cross-border payments. Flutterwave said Tuesday that the funding round values the company at $3.2 billion. Financial terms of Ripple’s…

Bitcoin Rebound Runs Dry as $66K Dip Diverges From Stocks

Bitcoin (BTC) dropped back to $66,000 after Tuesday’s Wall Street open as stocks locked in fresh gains. Key points: Bitcoin cools its rebound, even as stock continue higher on US-Iran peace plans. Oil prices hit their lowest levels in three months, but crypto struggles to leverage the tailwinds. BTC price takes still see $70,000 as…

DeFi Could Reach $2.7T as Tokenization Expands: StanChart

Standard Chartered expects assets locked in decentralized finance (DeFi) to grow 37-fold to $2.7 trillion by the end of 2030. The expansion would be driven by both tokenized real-world assets (RWAs) and crypto-native assets moving through onchain protocols, Geoff Kendrick, head of digital assets research at Standard Chartered, said in a research note on Monday. …

BitMine Nears 5% of ETH Supply With $10B Holdings Despite Bear Market

BitMine Immersion Technologies continued to expand its Ether holdings last week, acquiring more of the second-biggest digital asset despite a prolonged market downturn as its large staking operation continued to generate yield. On Monday, the crypto treasury company reported that it acquired 76,881 Ether (ETH) over the past week, potentially reducing its average cost basis…

US Government Watchdog Urges FDIC Address Crypto Oversight

The US Government Accountability Office has urged the Federal Deposit Insurance Corporation to make an effort to coordinate with other federal agencies to address risks from blockchain technology. GAO made a June 8 letter to FDIC Chairman Travis Hill public on Monday, which said that it first flagged priority recommendations with the regulator in May…

Bitcoin Doesn’t Need Ethereum-Style Yield: Michael Saylor

Strategy executive chairman Michael Saylor said Bitcoin does not need staking, inflation or protocol-based yield mechanisms, arguing returns should come from financial products built around BTC. In an X post on Tuesday, Saylor outlined a five-layer “Digital Asset Stack” positioning Bitcoin (BTC) as the base for credit, money, yield and equity structures. Saylor said Bitcoin…

Pudgy Penguins Winds Down Pudgy Party After 1M Downloads

Non-fungible token (NFT) project Pudgy Penguins is winding down its mobile game Pudgy Party and halting further development. In an X post, the team said on Saturday that it would shift its gaming resources toward Pudgy World, a browser-based experience which it described as the flagship gaming product for the Pudgy Penguins ecosystem.  “We’ve made…