California lawmakers approve bill allowing crypto payments for state services
A California bill that would allow state departments to accept cryptocurrency payments has passed the State Assembly with a unanimous vote. On June 2, California lawmakers approved Assembly Bill 1180 (AB 1180) with a 68-0 vote during its third reading.…...
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Bitcoin stalls around $105K as profit-taking and ETF outflows weigh on momentum
Bitcoin has settled just above $105,500 after pulling back from its all-time high of $111,814 set on May 22. The slowdown appears to be primarily caused by traders locking in gains following the sharp climb, with signs of exhaustion starting…...
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Blockchain Group Buys 624 Bitcoin For $68.6M, Aiming To Join Top Institutional Holders
Blockchain Group has just taken another big step in building its Bitcoin stash. The Paris-listed firm picked up 624 BTC on Tuesday in a deal worth $68.6 million. Based on reports, that move pushes its total holdings to 1,437 BTC—now valued around $150 million. It’s clear the company wants...
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Pump.fun Reportedly Launching $1B Token Sale as Meme Coins Melt Down
The popular Solana-based meme coin launchpad, Pump.fun, is reportedly planning to raise $1 billion through a token sale that would value the company at $4 billion, according to Blockworks, citing sources familiar with the matter. The token sale will be offered to both public and private investors, with hints...
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Trump Family Media Group Files for Truth Social Bitcoin ETF
Trump Media & Technology Group (TMTG) is moving forward with plans to launch a Bitcoin ETF called the Truth Social Bitcoin ETF, according to a June 3 SEC filing. NYSE Group Inc. filed regulatory paperwork to list the product, using the name of President Donald Trump’s social network. The...
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Jamie Dimon Said US Should Buy Bullets, Not BItcoin — Cynthia Lummis Says The US Military ‘Disagrees’ With Him
Senator Cynthia Lummis (R-Wyo.) stated Tuesday that even the U.S. military sees the strategic value of having a national Bitcoin (CRYPTO: BTC) reserve. What Happened: During an interview with Bloomberg, Lummis was asked about JPMorgan Chase CEO Jamie Dimon’s remark that the U.S. should prioritize stockpiling traditional defense resources over Bitcoin. “I...
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Ripple Expands Middle East Presence as RLUSD Gains Approval in Dubai
Ripple has received regulatory approval to introduce its US dollar-backed stablecoin, RLUSD, into the Dubai International Financial Centre (DIFC). The approval came from the Dubai Financial Services Authority (DFSA), which oversees activities within the special economic zone. This development marks a new phase in Ripple’s strategy to expand its...
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World Liberty Financial airdrops 47 USD1 to WLFI holders
Trump-linked decentralized finance project World Liberty Financial is distributing 47 USD1 stablecoins to wallet addresses that participated in its presale. The airdrop was first flagged by blockchain analytics firm Lookonchain in a June 4 post on X, which noted that…...
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Bitcoin CDD Shows Uptick In Coin Movement — Early Signs of Profit-Taking?
Bitcoin has maintained its position above the $100,000 mark since early May, peaking at $112,000 and signaling strong bullish sentiment. This historic breakout has set the stage for a potentially massive run, as institutional demand, macroeconomic pressure, and on-chain dynamics align. However, despite bullish control, the market is beginning...
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Bitcoin Profit Taking Speeds Up Post Golden Cross, Hourly BTC Cashouts Top $500M, Blockchain Data Show
Bitcoin BTC holders have increased their profit-taking activity since the cryptocurrency’s price averages flashed a key bullish signal two weeks ago. BTC’s 50-day simple moving average (SMA) crossed above its 200-day SMA on May 22, confirming a golden cross – a technical indicator signaling bullish long-term momentum, according to...
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