MiningUpdates

The Kaspersky Laboratory has detected activity from the hacker group Librarian Ghouls, which has been conducting night cyberattacks on Russian enterprises and technical universities since December 2024. The attackers operate from 01:00 to 05:00 local time, using phishing emails with password-protected archives containing malware. Their goal is to gain remote access to devices, steal credentials and cryptowallet keys, as well as install miners for illegal cryptocurrency mining.

Binance, the largest cryptocurrency exchange in the world, temporarily suspended withdrawals $XRP due to technical issues in the Ripple network. According to an official statement, this occurred due to node synchronization delays or ledger updates, complicating transaction confirmations. The exchange emphasized that this is a preventive measure to protect users' funds, and trading of XRP remained unchanged. At the time of the suspension, the price of XRP was $2.30, down 0.4% over the day, but remaining above key support levels ($2.25–$2.26).

The token $HMSTR associated with the popular game Hamster Kombat has experienced a sharp decline of 27% in the last 24 hours, losing $25 million in market capitalization. According to CoinMarketCap, the token price has fallen to $0.00107, which is 60% lower than the monthly high. The main reason for the crash was mass sell-offs by large holders (whales) and pressure from excess supply due to the unlocking of tokens earned in the game. The trading volume in a day increased by 266%, indicating panic among investors.

The Polygon team announced the launch of the Gigagas roadmap, aimed at achieving network throughput of 100,000 transactions per second (TPS). This is an ambitious plan that aims to make Polygon a key infrastructure for global payments and tokenization of real-world assets (RWA). The first major update of the mainnet — the Bhilai hard fork — is scheduled for July 2025. It has already been successfully tested in the Amoy testnet.

According to The Wall Street Journal, retail giants Walmart and Amazon are exploring the possibility of creating their own stablecoins pegged to the US dollar to optimize payments and reduce transaction costs. This move could save billions of dollars by bypassing traditional payment systems like Visa and Mastercard, which charge 1-3% per transaction.

Tether Investments, a subsidiary of Tether Group, acquired a 31.9% stake in the Canadian company Elemental Altus Royalties Corp. for $89 million, purchasing 78.4 million shares at a price of $1.14 per unit. The deal, concluded on June 10, 2025, with La Mancha Investments, is part of Tether's strategy to integrate real assets such as gold and bitcoin into its ecosystem. Tether also signed an option agreement with AlphaStream Limited to purchase another 34.4 million shares after October 29, 2025, subject to Elemental's approval.

According to Bloomberg, Ant International, the international division of fintech giant Ant Group, plans to apply for licenses to issue stablecoins in Hong Kong, Singapore, and Luxembourg. In Hong Kong, the application will be submitted after the new stablecoin law comes into effect on August 1, 2025. This move is part of the company's strategy to expand its Whale blockchain platform, which processed a third of $1 trillion in global transactions for Ant in 2024.

U.S. Treasury Secretary Scott Bessent stated that the market for dollar-pegged stablecoins could reach a capitalization of $2 trillion in the coming years. According to him, this will strengthen the position of the U.S. currency in the world. Bessent emphasized that the U.S. administration should support the dollar's reserve status, and stablecoins backed by U.S. Treasury bonds will promote the global use of the dollar. The GENIUS bill being considered by Congress mandates that stablecoins be backed by high-quality assets, which could stimulate market growth.

Stripe, a leading payment platform valued at $65 billion, has announced the acquisition of Privy, a startup specializing in cryptocurrency wallet infrastructure. This move marks the second significant acquisition in the crypto sphere following the purchase of Bridge for $1.1 billion in 2024. Financial details of the deal are not disclosed, but Privy, valued at $230 million in March 2025, will continue to operate as an independent product.

On June 9, 2025, at the Incrypted Online Marathon, which took place as part of the Ukrainian Blockchain Week 2025, Francesco Andreoli, head of DevRel at Consensys, shared recommendations for Web3 developers. The event gathered 32,000 viewers on YouTube and X. Andreoli, who has been working at Consensys for four years, emphasized that DevRel is about 'nurturing' new solutions and the teams that create them. He advised developers to actively participate in hackathons, engage with peers, and work diligently with feedback to improve projects.

The Ethereum Foundation published the first report as part of the Trillion Dollar Security initiative, highlighting six key threats to the security of the Ethereum ecosystem. The first issue is the human factor: users often store seed phrases insecurely, writing them down in text files or cloud services, which increases the risk of losing funds due to mistakes or hacks. The second threat is the centralization of staking, particularly due to the dominance of providers like Lido, which may lead to transaction censorship. The third is the insufficient development of the 'social slashing' mechanism to punish malicious validators. The fourth involves vulnerabilities in smart contracts, which are often copied with errors, as shown by a 2018 analysis. The fifth threat involves attacks on wallets, including phishing and transaction replay attacks. Finally, the long-term risk is associated with quantum computers that could break cryptography $ETH .

Republican Congressman William Timmons has addressed the Chairman of the U.S. Securities and Exchange Commission (SEC) Paul Atkins, demanding documents that reveal the historical position of the agency regarding the status of Ethereum ($ETH ). In a letter dated June 10, 2025, Timmons emphasized the inconsistency of the SEC under Gary Gensler, which has created uncertainty for the crypto industry. In 2018, former SEC director William Hinman stated that Ethereum and Bitcoin are not securities, but Gensler in 2023 evaded a clear answer about the classification of ETH.

The Ripple ecosystem has made significant progress by launching an institutional product on the XRP Ledger and announcing an EVM-compatible sidechain. The investment company Guggenheim Treasury Services has issued digital commercial paper on the XRP Ledger, marking the first step towards integrating blockchain solutions into traditional finance. This product highlights the potential of XRPL for fast and secure transactions in the corporate sector.

Senior Bloomberg market analyst Eric Balchunas predicted the swift approval of spot ETFs based on a basket of altcoins in the U.S. According to him, the SEC could approve funds that will include $ETH , $SOL and other popular tokens as early as July 2025, after which it will consider ETFs exclusively based on Solana. This prediction has generated excitement in the crypto market, as altcoin ETFs could attract billions of dollars in institutional investments.

An unknown trader, known as FvaBFc, achieved impressive success by increasing his capital fivefold through investments in the meme coin $AURA on the Solana network. Five months ago, he invested $24,000, acquiring 2.87 million AURA tokens, but soon their value plummeted by 90%. Despite significant losses, the trader did not exit his position, demonstrating faith in the asset's potential. His patience paid off: on June 11, 2025, the price of AURA rose 35 times, reaching $0.037. The trader sold all tokens for $128,000, yielding a net profit of $104,000.

According to Newsis, the head of the Bank of Korea, Lee Chang Yong, will attend a dinner with bankers at the Seoul Banking Association on June 23, 2025, where he plans to discuss the creation of stablecoins pegged to the South Korean won. This initiative is part of South Korea's efforts to develop digital currencies and regulate the crypto market. Previously, the Bank of Korea has expressed caution regarding stablecoins issued by non-bank entities due to potential risks to monetary policy and financial stability.

At the Bitcoin 2025 conference, held from May 27 to 29 at the Venetian Resort in Las Vegas, a new Guinness World Record was set for the number of bitcoin transactions in eight hours. On May 28, 4,187 transactions were completed using Bolt Cards that utilize the Lightning Network, showcasing the potential of bitcoin as a fast and contactless payment system. The conference gathered over 35,000 attendees, 400 exhibitors, and 500 speakers, becoming the largest event dedicated to $BTC .

Former BitMEX CEO and Maelstrom Chief Investment Officer Arthur Hayes stated that the key catalyst for Bitcoin's growth in 2025 will be the People's Bank of China's policy. In a post on social network X from April 8, Hayes noted that the devaluation of the yuan in response to trade tariffs imposed by Donald Trump will push Chinese investors towards Bitcoin as a safe-haven asset. Historically, similar events in 2013 and 2015 contributed to the growth of $BTC , and Hayes predicts a repeat of this scenario.

On June 10, 2025, the chair of the U.S. Securities and Exchange Commission (SEC), Paul Atkins, announced intentions to ease regulation of decentralized finance (DeFi). At an SEC roundtable, he noted that new rules would promote innovation by removing regulatory barriers for DeFi platforms. Atkins stressed that the regulator would move away from the punitive approach that dominated under the previous leadership in favor of transparent and predictable standards.

Cryptocurrency platform Uphold, founded in 2013, has announced plans to conduct an initial public offering (IPO) in the U.S. According to The Block, the company, backed by FT Partners, is also considering a sale to a payment company, aiming to achieve a valuation of over $1.5 billion. CEO Simon McLoughlin noted that Uphold is in talks with banks, brokers, and financial institutions, evaluating both the IPO and the sale.