Crypto Platforms Integrate BlackRock’s BUIDL As Collateral

Crypto derivatives exchange Deribit and spot exchange Crypto.com are accepting BlackRock’s tokenized US Treasury fund as trading collateral for institutional and experienced clients. The move will allow institutional traders to use a low-volatility, yield-bearing digital instrument as collateral for their accounts, lowering the margin requirements for leveraged trading, according to Forbes. Coinbase, one of the…

Bitcoin, Altcoins Fall Ahead of Fed Interest Rate Decision

Key points: Bitcoin has held above $104,000, but sustained selling could sink the price to $100,000. Most major altcoins remain range-bound, but a few are threatening to break below the support levels. Bitcoin (BTC) is witnessing a tough battle between the bulls and the bears near the 50-day simple moving average ($104,269). The bulls are…

Standard Chartered (STAN) Sees New Growth Frontiers in Non-Stablecoin Tokenization

Stablecoins dominate the tokenization of real-world assets (RWA), but Standard Chartered (STAN) said it sees signs of a broader shift underway. With just $23 billion currently in non-stablecoin RWAs, around 10% the size of the stablecoin market, the investment bank anticipates significant growth as regulatory clarity improves and the focus shifts to assets that benefit…

Polygon Co-Founder Spins Off ZisK zkEVM Project

Polygon co-founder Jordi Baylina has spun off a new zero-knowledge project called ZisK — an independent initiative aimed at supporting multiple programming languages and accelerating the adoption of decentralized technologies. ZisK is a fully open-source zero-knowledge virtual machine (zkEVM) stack initially developed at Polygon, the new company said in a Wednesday social media post. Baylina…

Iranian Crypto Exchange Nobitex Exploited for $81M

Update, June 18, 8:01 am UTC: This article has been updated to include a section on Gonjeshke Darande. Update June 18, 8:49 am UTC: This article has been updated to include the latest figures and quotes from Cyvers. Update June 18, 12:26 pm UTC: This article has been updated to include data on Nobitex wallet…

What Happened In Crypto Today

Today in crypto, Iranian crypto exchange Nobitex was hacked by an Israeli-linked group, multiple public companies raised hundreds of millions of dollars to buy crypto, and the US Senate passed the GENIUS Act stablecoin bill. Iranian exchange Nobitex hacked for over $81 million by Israel-linked hackers Iran-based cryptocurrency exchange Nobitex has been hacked for more…

XRP Is Consolidating For 200 Days Already — Analysts Weigh Where Price Is Heading Next

Key takeaways: XRP has consolidated for nearly 200 days between $1.90 and $2.90, with analysts split on the next move. A 2017 chart fractal suggests a target between $3.70 and $10, with some even eyeing $25. A bearish chart pattern could invalidate bullish setups, targeting a drop to $1.33. XRP (XRP) is nearing 200 days…

GENIUS Act Opens Door for Stablecoin Bank Settlements, Institutional Adoption

Stablecoin adoption among United States banks and financial institutions may accelerate following the passage of new legislation in the Senate. The Guiding and Establishing National Innovation for US Stablecoins, or GENIUS Act passed the US Senate in a 68–30 Tuesday vote, Cointelegraph reported. The bill aims to set clear rules for stablecoin collateralization and mandate…

Cathie Wood’s ARK Dumps Another $45M Circle Shares

ARK Invest, the cryptocurrency-friendly investment firm founded by Bitcoin bull Cathie Wood, continued selling shares of USDC stablecoin issuer Circle, offloading nearly $100 million in two days. ARK dumped another 300,108 Circle shares from its three funds for $44.7 million on Tuesday, according to a trade notification seen by Cointelegraph.  The sale came amid Circle…

JD.com Enters Stablecoin Race Amid US GENIUS Act Push

Chinese e-commerce giant JD.com is stepping into the stablecoin arena, with founder Liu Qiangdong revealing plans for a global licensing push aimed at cross-border payments. The announcement, made during a media briefing in Beijing on Tuesday, came as the US Senate passed the Guiding and Establishing National Innovation for US Stablecoins, or GENIUS Act, a…