Crypto Industry ‘Unprepared’ For Quantum Threat Says Analyst

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 around $106,402.39 as Asia begins its trading day,…

Australia overhauls crypto ATM rules to combat rising scams

Australia’s national financial intelligence agency has rolled out new operating rules and transaction limits for crypto ATM operators, as federal police say scams through the kiosks are on the rise. The Australian Transaction Reports and Analysis Centre (AUSTRAC) is enforcing a 5,000 Australian dollar ($3,250) limit on cash deposits and withdrawals on crypto ATMs, scam…

Strategy offers $250M preferred stock to stack more Bitcoin

Strategy, formerly MicroStrategy, plans to raise $250 million through an initial public offering of a new class of perpetual preferred stock so it can fund more Bitcoin purchases. Strategy intends to issue 2.5 million shares of its 10% Series A Perpetual Stride Preferred Stock, with the ticker STRD, at $100 a share, the Bitcoin-stacking firm…

Australia overhauls crypto ATM rules to combat rising scams

Australia’s national financial intelligence agency has rolled out new operating rules and transaction limits for crypto ATM operators, as federal police say scams through the kiosks are on the rise. The Australian Transaction Reports and Analysis Centre (AUSTRAC) is enforcing a 5,000 Australian dollar ($3,250) limit on cash deposits and withdrawals on crypto ATMs, scam…

Ethereum Foundation restructures, rebrands Protocol team

The Ethereum Foundation (EF) has restructured its internal development group, rebranding its core research team and laying off some staff in the process. According to a June 2 announcement, the EF’s former Protocol Research & Development (PR&D) team is now simply “Protocol,” which will focus on three strategic goals: scaling Ethereum’s base layer (L1), expanding…

SEC faces criticism on crypto staking guidance

The US Securities and Exchange Commission (SEC) is facing mounting criticism from current and former officials over its evolving stance on crypto staking services.  On May 29, the SEC’s Division of Corporation Finance issued new guidance on crypto staking services, claiming that certain offerings may not constitute securities and effectively exempting proof-of-stake blockchains from registration…

Bitcoin bearish in tumble toward $97,000

Key takeaways: The emergence of a bear flag on the four-hour chart projects a Bitcoin price drop to $97,000. Traders say BTC price may drop as low as $85,000 if key support levels are broken, including the $100,000 psychological level and the yearly opening at around $92,000. Bitcoin’s (BTC) price is forming a classic bearish…

IOTA: Weekly Price Analysis

Weekly Price Analysis is a column where our readers decide which coin will be analyzed. Make sure to follow our social media not to miss the next questionnaire. The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves…

Consensys Acquires Web3Auth to Reinvent MetaMask Onboarding

Consensys, the Ethereum infrastructure company behind the popular MetaMask wallet, said it has acquired Web3Auth, a provider of wallet infrastructure, in a move aimed at improving usability and developer accessibility across its platforms. Financial terms of the deal were not disclosed. The acquisition is designed to modernize MetaMask’s onboarding experience and tackle one of the…

SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, HYPE

Key points: Bitcoin risks a deeper correction to $100,000, but a positive sign is that Strategy and Mataplanet continue to accumulate. Ether and select altcoins are trying to bounce off their strong support levels, signaling buying on dips. Bitcoin (BTC) failed to sustain above $105,000, indicating a lack of demand at higher levels. Research firm…