_Wendy

With this investment, Tether leads Orionx’s Series A funding round for an undisclosed amount, aiming to expand the company’s foothold in Latam. The region is considered a fertile market for stablecoin-based financial services, as it has the second-largest proportion of unbanked adults.

Tether Leads Orionx Series A Funding Round
Tether, the leading stablecoin company, has announced a strategic investment in Orionx, a Chile-based, stablecoin-focused financial services company. The undisclosed investment closes Orionx’s series A funding round and positions Tether as the leader in this process.
The funds will be leveraged to accelerate the expansion of Orionx’s solutions across Latam, having already a foothold in several countries in the region, including Chile, Peru, Colombia, and Mexico.
Orionx’s systems enable the integration of stablecoins for several use cases, including serving businesses with platforms capable of completing cross-border payments and providing fiat ramps.
With this investment, Tether reaffirms its focus on the Latam market, positioning solutions to help consolidate cryptocurrency as an alternative for the region. In this sense, Tether CEO Paolo Ardoino stated that this move not only supported a “high-impact company” but also advanced Tether’s vision of “making stablecoin-powered financial tools accessible to underserved communities across the region.”
Tether’s focus in Latam is not gratuitous. According to E-Marketer, the region is home to the second-largest proportion of unbanked adults, making it a fertile market to implement stablecoin-based solutions. The company also relocated its headquarters to El Salvador, establishing a base that will allow it to focus on emerging markets with no easy access to U.S. dollars.
Joel Vainstein, CEO of Orionx, highlighted the significance of this move for the company’s operations. He declared:
Having Tether, the undisputed global leader in stablecoins, by our side will allow us to accelerate this path with digital, flexible, and scalable solutions.
The move is part of a series of investments made by the stablecoin giant to diversify its income sources, injecting funds in several fields, including artificial intelligence, green energy, cryptocurrency mining, and even agriculture.

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Ethereum-based credit protocol 3Jane has raised $5.2 million in a seed round led by Paradigm to build a scalable infrastructure for uncollateralized, crypto-native credit.

Paradigm Backs 3Jane in Bid to Reinvent Onchain Credit
3Jane, a protocol focused on creating uncollateralized credit rails for decentralized finance (DeFi), has exited stealth mode with a $5.2 million seed round. The round was led by Paradigm, with participation from Coinbase Ventures, Wintermute Ventures, Robot Ventures, Bodhi Ventures, and Breed.
A group of well-known angels also joined the round, including Andre Cronje (Yearn), Guy Young (Ethena), Julian Koh (Ribbon), Kain Warwick (Synthetix), Laurence (Wildcat), Zabeer (Split Capital), Joshua Lim (Arbelos), Yuchen (BounceBit/OKX), Octoshi, Alfaketchum, and DeFi Dad.

Source: 3Jane Protocol documentation.
3Jane positions itself as a crypto-native alternative to traditional banking credit systems, offering USDC-denominated credit lines to traders, yield farmers, businesses, and artificial intelligence (AI) agents. Unlike conventional DeFi lending platforms, which rely on overcollateralization, 3Jane explained that it enables borrowing against credit scores, DeFi assets, centralized exchange (CEX) assets, bank deposits, and future cash flows—without upfront collateral.
According to 3Jane, DeFi lacks a scalable credit primitive. Overcollateralized lending is capital inefficient, while unsecured lending is often limited to institutions or reputation-based deals. Traditional finance (TradFi) and banks remain cautious due to risk and regulatory constraints. 3Jane disclosed on Wednesday that it aims to fill this gap by creating a peer-to-pool credit market native to Ethereum, with a focus on unlocking the estimated $60 billion in productive crypto capital across EVM chains.
The protocol supports a two-token system: USD3, a stablecoin-yieldcoin backed by active credit lines, and sUSD3, which offers levered yield with subordinate claims. Credit risk is managed via a mix of onchain and off-chain credit data using Cred Protocol, Blockchain Bureau, and VantageScore 3.0 via zkTLS.
To enforce repayment and manage defaults, 3Jane leverages onchain auctions with U.S. debt collectors. Its phased rollout starts with fine-tuning credit models, onboarding suppliers, and gradually expanding unsecured lending. Each cycle improves underwriting accuracy and compresses credit spreads.

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K Wave Media Inc. has entered into an agreement to raise up to $500 million by selling ordinary shares, with a significant portion earmarked for building a bitcoin-focused treasury.

K Wave Media Enters $500M Deal to Fuel Bitcoin-Centric Treasury and Growth
The Nasdaq-listed company (KWM) announced the securities purchase agreement with Bitcoin Strategic Reserve KWM LLC on June 4. Proceeds will support its bitcoin-centric digital asset treasury strategy, working capital needs and mergers and acquisitions to expand its Korean content and K-pop businesses.
K Wave stated it will allocate a major part of the funds from share sales under the facility to purchasing, long-term holding, and yield optimization of bitcoin (BTC), aiming to be among the first publicly traded media companies integrating BTC directly into core treasury operations. Plans also include operating Lightning Network nodes and investing in BTC-native infrastructure.

KWM shares skyrocketed following the announcement as the stock was up more than 126% at 3:24 p.m. Eastern time on Wednesday afternoon.
Positioning itself as “the Metaplanet of Korea,” K Wave explicitly references Japan’s Metaplanet Inc. The company believes combining public market access with a focused bitcoin treasury initiative will resonate with global investors. It sees its growing media businesses, BTC treasury, and BTC utilization enabling consumers to experience its content and K-pop merchandise in a Web3 environment, acting as a growth catalyst.
Key strategic initiatives involve acquiring and holding BTC as the primary corporate reserve asset, reinvesting BTC yields into more bitcoin and infrastructure, and allowing consumers to purchase KWM content and K-pop merchandise using BTC in Web3. “K Wave Media’s bold adoption of bitcoin as a treasury reserve asset is a visionary move that signals the growing convergence between digital media and decentralized finance,” said Choi Pyeungho, chairman of the board.
Co-Interim CEO Ted Kim emphasized bitcoin‘s role beyond value storage: “Bitcoin offers not just a store of value, but a foundation for innovation, independence, and global scalability. By embedding BTC into our core strategy, we’re reinforcing our commitment to decentralization, agility, and future-facing value creation.” The step aims to help KWM expand within the K-pop ecosystem, including concert management and music distribution.
Founded in 2023 and headquartered in the Cayman Islands with operating subsidiaries in South Korea, K Wave Media is a diversified entertainment company focused on high-quality Korean content, K-pop merchandising, and investments. It is the first Korean media alliance listed on Nasdaq.

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XRP roars into the institutional spotlight as Webus unveils a $300 million digital asset framework, unlocking next-level treasury infrastructure with regulatory clarity and elite execution.

Webus Files With SEC to Establish XRP Treasury Engine
Webus International Ltd. (Nasdaq: WETO) disclosed key details of its Delegated Digital-Asset Management Agreement with Samara Alpha Management LLC through a Form 6-K filing submitted to the U.S. Securities and Exchange Commission (SEC) on June 3. The SEC filing also includes the company’s announcements regarding its XRP treasury plan on May 29 and June 2.
The agreement, executed on May 28, grants Samara Alpha discretionary authority over a potential $300 million portfolio of digital assets, principally XRP, pending activation upon the transfer of assets to designated custody wallets. This filing marks a significant step in Webus’s strategic positioning around digital asset treasury infrastructure while affirming regulatory transparency. The company emphasized the institutional rigor of the partnership, stating:
This strategic framework … is designed to provide Webus with institutional-grade infrastructure and expertise for potential future digital asset treasury operations, specifically focused on XRP management.
Webus confirmed that no funds or assets have yet been transferred, and that Samara Alpha’s obligations begin only upon asset delivery. Critically, the agreement also limits exposure: “The aggregate value of the managed assets under this Agreement shall not exceed US$300,000,000 unless otherwise agreed in writing by both parties.”
Custody arrangements will be executed via multi-signature wallets, with Webus retaining key access and Samara Alpha lacking unilateral withdrawal authority. Fee terms include a 2% annual management fee, a 20% performance fee on net profits above a high-water mark, and an 80/20 staking reward split favoring Webus. The contract, governed by New York law, is set for a three-year term following activation and allows termination with cause or notice. By structuring this digital asset initiative through an SEC-registered investment adviser and codifying protections such as custody controls and risk-defined discretion, Webus signals its intention to cautiously enter the digital asset space without compromising institutional governance.

#Binance #wendy $XRP

BUIDL paid more than $10 million in dividends in May, marking its highest monthly payout to date.

BUIDL Tops $43.4M in Dividends Since Launch
BUIDL, or the Blackrock USD Institutional Digital Liquidity Fund, is an asset manager’s first tokenized money market fund, created in partnership with Securitize. The fund brings traditional money market exposure—U.S. Treasury bills, cash, and repurchase agreements—onto public blockchains, allowing these assets to be represented and traded as tokens.

Source: BUIDL’s total asset value on June 3, 2025, via RWA.xyz.
The fund issues tokens with a whitelist mechanism to ensure regulatory compliance and operates on several blockchains including Ethereum, Solana, Polygon, Avalanche, Arbitrum, Optimism, and Aptos. Investors in BUIDL receive daily interest based on yields from the fund’s underlying assets.
Dividends are paid every day, enabling investors to redeploy capital immediately. The May total of more than $10 million is the first time a tokenized treasury fund has exceeded that threshold in a single month. Dividends for May were distributed across seven blockchains, with Ethereum accounting for $9,370,969 of the total.
Aptos generated $187,734, Avalanche $185,708, Polygon $104,889, Arbitrum $102,000, Optimism $85,339 and Solana $70,593. This chain-by-chain breakdown underscores Ethereum’s dominance, but other networks are seeing growing participation. Securitize serves as the tokenization platform and transfer agent for BUIDL, handling compliance, investor onboarding, and whitelist management.
Only qualified purchasers—accredited individuals and institutional investors who meet strict financial requirements—can invest, with minimums set at $5 million for individuals and $25 million for institutions. Investors transact in U.S. dollars and must pass KYC and AML checks before being whitelisted. Assets are custodied by Anchorage, Bitgo, Coinbase and Fireblocks, with BNY Mellon acting as asset custodian.
Since its launch, BUIDL has distributed more than $43.4 million in dividends, highlighting growing demand for institutional-grade, onchain yield products. Daily distributions and near real-time returns illustrate the benefits of tokenization for capital deployment. At press time, BUIDL reigns as the largest tokenized money market fund, sporting a $2.91 billion valuation.
While it’s the largest, BUIDL operates in a competitive arena of tokenized money market funds, sharing the field with Franklin Templeton’s BENJI, Superstate’s USTB, Ondo’s USDY and OUSG, as well as Circle’s USYC.

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Crypto leverage diversified significantly in Q1 2025, moving beyond traditional lending as corporate bitcoin purchases and futures markets gained prominence, according to a Galaxy Digital report published June 4.

Galaxy Study Dives Deep Into the Shifting Trends of Crypto Leverage in Q1 2025
Galaxy Digital’s latest study written by research analyst Zack Pokorny notes that the overall crypto-collateralized lending market declined 4.88% quarter-over-quarter to $39.07 billion. This marked the first quarterly contraction since Q3 2023, according to the report.

Source: Galaxy’s report called “The State of Crypto Leverage – Q1 2025.”
Centralized finance (CeFi) lenders grew 9.24% to $13.51 billion, led by Tether ($8.83B), Ledn ($932.5M), and Two Prime ($884M). Conversely, decentralized finance (DeFi) lending applications saw borrows plunge 21.14% to $17.7 billion. The crypto-backed portion of collateralized debt position (CDP) stablecoins rose 25.56% to roughly $7.86 billion, Pokorny details.

Source: Galaxy’s report called “The State of Crypto Leverage – Q1 2025.”
The report further shows that stablecoin borrowing costs fell sharply. The weighted average onchain stablecoin borrow rate dropped 56.86% from 11.59% on Jan. 1 to 5% by May 26, attributed to lower market utilization and protocol parameter updates, according to the researcher’s analysis.
Publicly traded companies aggressively used debt to buy bitcoin (BTC), adding $2.1 billion in Q1. Strategy (formerly Microstrategy) issued $2 billion more debt, bringing its total debt for BTC purchases to $8.214 billion. Total observed debt for corporate bitcoin treasuries reached $12.703 billion by May 27, with Strategy holding 64.66% of that aggregate.
Futures open interest (OI) across major venues reached $115.97 billion by May 24, up 0.77% from Jan. 1. This followed a strong rebound from an April 8 low of $68.47 billion in OI. Perpetual futures open interest stood at $83.87 billion, with Binance leading at $25.18 billion (30.02% share). Hyperliquid saw explosive growth, increasing OI by a whopping 175.33% (+$5.73B) since Jan. 1 to capture a 10.73% market share.
The Chicago Mercantile Exchange (CME) also grew its share of total futures open interest to 24.63% by May 24, up 349 basis points since Jan. 1 Galaxy’s study explains, likely signaling increased institutional participation. Its share of ethereum futures open interest surged to 39.1%.
The Galaxy report indicates a clearly defined but shifting leverage trend, with reduced reliance on crypto-collateralized lending and growth in corporate debt strategies and institutional futures activity, while also noting potential interdependencies between these leverage sources.

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JPMorgan is reportedly preparing to accept bitcoin ETFs as collateral for loans globally, signaling a groundbreaking shift toward crypto integration across institutional finance and wealth management.

JPMorgan Greenlights Bitcoin ETFs for Global Loan Collateral
More financial institutions are increasingly integrating bitcoin into their services—even JPMorgan Chase & Co., historically one of the most cautious on crypto, is adapting. The bank is preparing to allow both trading and wealth-management clients to use cryptocurrency exchange-traded funds (ETFs) as collateral for loans, Bloomberg reported, citing people familiar with the matter. The change will begin with Blackrock’s Ishares Bitcoin Trust (IBIT) and marks a significant expansion of the bank’s existing collateral policies.
In some cases, JPMorgan will also take clients’ crypto holdings into account when assessing overall net worth and liquid assets, treating them similarly to stocks, vehicles, or artwork. These changes will apply globally and span all levels of wealth, from retail customers to high-net-worth individuals. The adjustments reflect a broader institutional response to growing client demand and a more favorable regulatory environment under the Trump administration. Until now, the bank has allowed the use of crypto ETFs as collateral only on a limited, case-by-case basis. The people added that other cryptocurrency ETFs are expected to be included following the change.
The move also mirrors efforts by other large banks, including Morgan Stanley, which is developing crypto trading capabilities through its E*Trade platform.
JPMorgan Chief Executive Jamie Dimon has consistently expressed his disapproval of cryptocurrencies. At the firm’s investor day in May, he reiterated, “I’m not a fan” of bitcoin. He has previously called it “a fraud” and compared it to “a pet rock.” Still, Dimon acknowledged client demand, stating: “I don’t think we should smoke, but I defend your right to smoke. I defend your right to buy bitcoin, go at it.” Dimon also recently confirmed that JPMorgan will allow clients to buy bitcoin despite his opposition. He also said that the U.S. government should not accumulate bitcoin as a reserve asset, stating: “We shouldn’t be stockpiling bitcoin. We should be stockpiling guns, bullets, tanks, planes, drones—you know, rare earths.”

#Binance #wendy #JPMorgan $BTC

Bitcoin ETFs rebounded from a three-day outflow streak, notching a $378 million inflow, led by ARKB and FBTC. Ether ETFs extended their bullish momentum with a twelfth consecutive day of inflows, totaling $109.43 million.

Crypto ETFs See Over $487 Million Combined Inflows
Investor optimism returned in full force as bitcoin exchange-traded funds (ETFs) returned from three consecutive days of outflows with a robust $378.04 million inflow on Tuesday, June 3. Confidence poured into Ark 21Shares’ ARKB and Fidelity’s FBTC, which pulled in $139.93 million and $136.83 million, respectively. Together, the two funds accounted for over 70% of the day’s net flow.
Blackrock’s IBIT maintained its magnet status with $57.97 million, while Vaneck’s HODL brought in $18.79 million. Rounding out the green board were Bitwise’s BITB ($14.46 million), Grayscale’s Bitcoin Mini Trust ($7.06 million), and Valkyrie’s BRRR ($3.01 million). Notably, no outflows were recorded across any bitcoin ETF, a rare signal of unanimous market confidence.

Source: Sosovalue
Trading activity was strong, with total value exchanged reaching $2.87 billion, and net assets for bitcoin ETFs ticking back up to $128.13 billion.
Meanwhile, ether ETFs extended their remarkable streak with a 12th straight day of inflows, bringing in a combined $109.43 million.
Blackrock’s ETHA led once again, absorbing $77.06 million, while Fidelity’s FETH drew in $20.97 million. Grayscale’s Ether Mini Trust contributed $8.41 million, and Franklin’s EZET added $2.99 million to cap off the day’s gains. With total value traded at $472.5 million, ether ETFs now sit at $9.81 billion in net assets.

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A new study by Chainplay and Strorible reveals that nearly 45% of venture capital (VC)-backed crypto projects have shut down, and 77% fail to generate $1,000 in monthly revenue.

Top-Tier VC Firms Not Spared
Nearly half (45%) of venture capital (VC)-backed crypto projects have ceased operations, while 77% fail to generate $1,000 in monthly revenue, a new Chainplay and Strorible study has determined. The study of 1,181 projects, which received funding between Jan. 1, 2023, and Dec. 31, 2024, also found the VC firm Polychain Capital had the highest rate of investment failures, with 44% of its projects dead.

According to the study report, these findings challenge the notion that VC backing guarantees a project’s success. The findings also undercut the argument that crypto projects backed by top-tier VC firms fare better than those backed by second- or third-tier venture firms. To illustrate this point, the study found that from promising projects backed by top-tier VC firms, 37.45% have failed, while 34.56% are dead. Just over a third (33.41%) earn less than $1,000 per month.
As a top-tier VC firm, Polychain Capital not only had the highest rate of failed or dead projects, but over three-quarters (76%) of the projects it backed failed to generate meaningful revenue. Yzi Labs (formerly Binance Labs) saw 72% of the crypto projects it backed fail, which again shows that even most VC firms face high risks.
Other top VC firms who saw a significant proportion of projects they were backing cease operations include Circle (38%), Delphi Ventures (33%), Consensys (30%) and Andreessen Horowitz (24%). Like Polychain Capital, many of these VC firms also saw more than two-thirds of the projects they backed fail.

Meanwhile, the study found the former Coinbase CTO Balaji Srinivasan had a 57% dead-project share, the highest among so-called angel investors. Arthur Hayes had the next highest with 34%, followed by Santiago Santos with 15%. Sandeep Nailwal and Stani Kulechov both saw 10% of the crypto projects they were backing cease operations.
The study findings nevertheless suggest that the amount raised during fundraising rounds “strongly correlates with project success.” According to the study report, $50 million is seen as a figure high enough to increase a project’s success prospects.
“Projects raising over $50 million exhibit significantly lower failure rates, implying substantial capital as a crucial factor in crypto success,” the study report asserts. “On the other end of the spectrum, projects that raised less than $5 million saw failure rates above 33% and nearly one in five ended up dead, underlining how limited funding severely impacts a project’s ability to survive.”

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Riot Platforms (NASDAQ: RIOT) has appointed Jonathan Gibbs as its new Chief Data Center Officer (CDCO) as the company pushes deeper into high-performance computing (HPC) and AI hosting.

This article is from Theminermag, a trade publication for the cryptocurrency mining industry, focusing on the latest news and research on institutional bitcoin mining companies.
Gibbs, a veteran with more than 15 years of experience designing and developing large-scale data centers, will spearhead Riot’s new data center platform aimed at hyperscale and enterprise clients, according to Riot’s announcement on Monday.
Riot’s latest move underscores a growing trend in the Bitcoin mining industry as companies look to diversify beyond mining into more stable revenue streams tied to data center services. Earlier this year, Riot announced it would pause its Bitcoin mining hashrate expansion at its Corsicana, Texas facility and reserve the site’s 600 megawatts of capacity for potential HPC opportunities.
“The creation of this new data center platform furthers Riot’s strategy to maximize the value of its assets by expanding into non-bitcoin-related data centers,” said CEO Jason Les.
Gibbs brings a track record of overseeing data center projects totaling more than one gigawatt across North America, Europe, and Asia, with investments exceeding $17 billion. Before joining Riot, he served as Executive Vice President of Product Delivery at Prime Data Centers, where he led U.S. data center design and construction efforts.
Riot’s entry into the data center market comes as several major Bitcoin miners are pivoting toward HPC and AI hosting to diversify revenue streams and capitalize on the digital infrastructure boom.
Bitfarms recently hired James Bond, a data center industry veteran, to lead its own HPC initiatives, while Bit Digital and HIVE Digital have set up separate subsidiaries focused on high-performance computing. Applied Digital, which already operates data centers for Bitcoin mining, saw its stock surge after announcing a large-scale lease deal with AI hyperscaler CoreWeave.
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Stablecoins have quietly exploded into a multi-billion-dollar payments juggernaut, with several businesses leading the charge – and Tether dominating the field.

Artemis, Castle Island, Dragonfly Study: Stablecoin Monitoring Shows Several Unique Trends
Stablecoin payments totaled $94.2 billion from January 2023 through February 2025, according to a new industry study. The research, conducted by analytics firm Artemis alongside Castle Island Ventures and Dragonfly, tracked transactions from 31 payment companies to map the expansion of fiat-pegged cryptocurrencies in global commerce.

Source: Artemis on X.
The Artemis report highlights how monthly volumes surged 215% during the period, climbing from under $2 billion to $6.3 billion. Business-to-business (B2B) transactions emerged as the largest category, reaching a $36 billion annual run rate by February 2025. Card-linked payments followed at $13.2 billion annually, while peer-to-peer transfers plateaued at an $18 billion annual pace.
Tether’s USDT dominated stablecoin usage with approximately 80% market share among sampled firms. The report notes that Circle’s USDC accounted for most remaining volume. Tron was the most utilized blockchain for settlements, followed by Ethereum and Binance Smart Chain.

Source: Artemis on X.
“The most popular blockchains employed to settle customer flows, as a share of value sent, were Tron, followed by Ethereum, Polygon (Ethereum L2), and Binance Smart Chain,” the report’s authors explain. “This mirrors survey findings from our 2024 report which found that users preferentially used those same five blockchains, albeit with Ethereum being the most popular network.”
Regionally, the United States, Singapore, and Hong Kong originated the highest transaction volumes. Latin America and Africa showed particularly strong adoption of Tron and Tether‘s USDT for cross-border settlements. Prefunding services—advancing capital for instant settlements—grew notably, reflecting demand for liquidity solutions.
The report attributes this growth to stablecoins’ efficiency in treasury management and international payments. The findings signal stablecoins’ evolution from speculative assets to functional payment tools, especially for enterprises. Researchers documented transactions across B2B, consumer cards, remittances, and payroll use cases.

#Binance #wendy #Tether $BTC $ETH $BNB

Binance is skyrocketing past 275 million users, fueling a global crypto revolution with blistering adoption rates, real-world utility, and dominance in digital financial infrastructure.

275 Million and Rising—Binance Solidifies Dominance in Explosive Digital Finance Boom
Cryptocurrency exchange Binance announced on June 2 that it has reached a major milestone in user growth, underscoring its accelerating global reach in the digital asset space. The platform reported that its community has expanded significantly in recent months, driven by demand in both established and emerging markets. In a statement, the company shared:
Binance has hit a remarkable milestone of 275 million registered users worldwide.
The pace of growth in 2024 alone has been substantial. “To put this explosive growth in perspective, Binance has gained 80 million new users since January 2024 alone — that’s roughly 156,000 signups every single day, or about 1.8 new users every second,” the company stated.
Binance credited much of this momentum to expanding access in regions underserved by traditional financial systems. Unlike conventional platforms rooted in national currencies and legacy infrastructure, Binance has introduced a system built entirely around cryptocurrency, enabling broader participation in global finance.
Beyond numbers, Binance emphasized how its services are being applied in everyday life. The company described how its payment product is reshaping crypto’s role: “This growth isn’t just passive; rather, it’s powering real-world utility. Binance Pay is gradually turning crypto from an investment into something far more practical: a tool for everyday life.”
The platform recently integrated Binance Pay with Brazil’s national payment system Pix, allowing users to convert crypto to local currency for direct transactions. Framing the broader implications of its expansion, Binance concluded:
As we race toward 300 million users, one thing is clear: the future of money is no longer a question of ‘if,’ but ‘how fast,’ with Binance leading the charge.

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Russia accelerates the global de-dollarization drive with bold new push for national currencies and economic sovereignty in trade.

Russia Ramps up Exit From Dollar-Dominated Trade System
The global shift toward settling trade in national currencies instead of the U.S. dollar is gaining traction, with Russia positioning itself at the forefront of this movement. During the seventh Moscow Academic Economic Forum on June 2, Russian Foreign Minister Sergey Lavrov stressed the importance of creating independent mechanisms for foreign trade as a way to reinforce the country’s economic autonomy. He was quoted by Tass as saying:
The tasks of further strengthening of Russia’s economic and technological sovereignty, including through the creation of mechanisms for servicing foreign trade independent of external pressure, and the transfer of international settlements into national currencies, are coming to the fore now.
Lavrov argued that the international landscape—characterized by heightened sanctions and what he described as “persisting attempts by a number of Western countries to curb the development of our country”—necessitates urgent action to build a resilient economic model. He called for a unified effort among government bodies, the business sector, academia, and civil society to support this transformation. According to Lavrov, such coordinated engagement is essential to establishing what he called a more just, multipolar economic architecture, in contrast to the Western-dominated global order.
The remarks follow a rising global interest in alternatives to the dollar for cross-border transactions, driven by efforts to reduce the impact of sanctions and reliance on centralized financial systems. Major economic groups such as BRICS, the Shanghai Cooperation Organization, and ASEAN are pursuing these alternatives. In Russia, this movement includes growing interest in decentralized technologies like blockchain and digital assets. Advocates say tools such as Bitcoin could support national economies by facilitating transactions outside conventional financial networks, contributing to de-dollarization and economic autonomy.

#Binance #wendy #BTC走势分析 $BTC

Regulatory mayhem erupts as the SEC sends conflicting signals on crypto, fueling uncertainty over the future of digital asset oversight.

SEC Commissioner Slams Agency’s Mixed Signals on Crypto Assets, Warns of Regulatory Chaos
U.S. Securities and Exchange Commission (SEC) Commissioner Caroline A. Crenshaw issued a sharply worded statement on May 31 criticizing what she sees as a deepening inconsistency in the agency’s treatment of crypto assets. Speaking amid the SEC Crypto Task Force’s ongoing push to offer regulatory clarity, Crenshaw argued that the Commission’s actions have instead created more confusion, particularly regarding whether digital tokens like ethereum ( ETH) and solana ( SOL) are securities.
Crenshaw cited a series of SEC staff statements in early 2025—addressing meme coins, proof-of-work mining, and stablecoins—that declared a wide range of digital assets are not securities. These statements were issued by the SEC’s Division of Corporation Finance between February and April, and Crenshaw responded to each with public dissents emphasizing the risks of minimizing regulatory oversight. Despite these earlier assertions, she noted, the Commission did not object to new ETFs filed under the Investment Company Act of 1940 that rely on ETH and SOL being treated as securities. The commissioner stated:
In the name of this clarity, we’ve seen staff statement after staff statement, pronouncing that all sorts of crypto assets are not securities. And yet, now we see no objection to the effectiveness of new exchange-traded funds that assert certain crypto assets— ETH and SOL—actually are securities.
“Does this Commission, in fact, believe that ETH and SOL are securities?” She added. Crenshaw questioned how the SEC could allow both ETPs and ETFs to be registered under different assumptions about the same underlying assets. She opined:
How is it that these crypto assets are supposedly not securities when it comes to registration requirements, but conveniently are securities when a registrant sees an opportunity to sell a new product?
She added that rather than promoting consistent regulation, the agency appears to be encouraging a “maximally aggressive approach to entering our markets,” often at odds with its own legal standards. Concluding her remarks, Crenshaw warned: “So far, the Commission and The Crypto Task Force’s journey to clarity has only taken us further and further adrift in increasingly muddy waters of our own making.” Proponents of digital assets, such as Commissioner Hester M. Peirce, have defended the broader crypto ecosystem, asserting that “most currently existing crypto assets in the market” are not securities.

#Binance #wendy #SEC $BTC $ETH $BNB