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According to WSJ, fintech firm Fiserv plans to launch a stablecoin, FIUSD, and a supporting platform by year-end, in partnership with Solana, Circle, and Paxos. It is also expected to collaborate with PayPal and major credit card networks. The platform will be compatible with other stablecoins and easily connect to Fiserv’s broader network of financial institutions and merchants.

Coinbase has announced that it will list Sonic (S), with support for deposits and trading on the Sonic network. Trading is scheduled to begin on or after 9 AM PT on June 24, 2025, subject to liquidity conditions. Sonic is a Layer-1 platform featuring an Ethereum security gateway.

Coinbase has announced that it will list Sonic (S), with support for deposits and trading on the Sonic network. Trading is scheduled to begin on or after 9 AM PT on June 24, 2025, subject to liquidity conditions. The S-USD trading pair will launch in phases. Support for the asset may be restricted in certain supported jurisdictions.

Binance will list Newton Protocol (NEWT) on June 24 at 14:00 (UTC) with trading pairs NEWT/USDT, NEWT/USDC, NEWT/BNB, NEWT/FDUSD, and NEWT/TRY, all with a Seed Tag. NEWT is also the 24th project in Binance’s HODLer Airdrop program and will be listed on Binance Alpha on June 24.

Former Coral Capital executives are raising $100M through a Nasdaq-listed company—soon to be renamed Build & Build Corporation—to accumulate Binance’s BNB token, mirroring MicroStrategy’s BTC play.

CZ responded that while he’s heard of such initiatives, none are driven by him or Binance. And BNB is a public blockchain native coin, not “linked” to Binance Holdings Ltd or its centralized exchange.

Paradigm has exclusively led a $15 million Series A round for GTE, a decentralized exchange startup claiming trading speeds comparable to centralized platforms like Binance and Coinbase. Built on the EVM-compatible MegaETH blockchain, GTE uses a central limit order book (CLOB) architecture to address the latency and cost issues common in traditional DEXs.

DeFi infrastructure provider Veda has raised $18 million in a round led by CoinFund, with participation from Coinbase Ventures, Animoca Ventures, GSR, and others. Veda offers a modular vault framework enabling developers to build simplified crypto yield products for apps and institutions.

ZachXBT: New York-based social engineering scammer Christian Nieves (aka Daytwo/PawsOnHips) defrauded over $4 million by impersonating Coinbase support. Operating a small scam call center, Daytwo lured victims into creating Coinbase wallets on phishing sites embedded with malicious seed phrases. Most of the stolen funds were spent on gambling platform Roobet.

The Norwegian government plans to impose a temporary ban starting in autumn 2025 on the establishment of new data centers for proof-of-work (PoW) crypto mining, aiming to prioritize electricity for more productive sectors. Norway’s digitalization minister stated that crypto mining is energy-intensive but contributes little to local jobs or income.

Why Did China’s Most Popular Crypto Card Suddenly Shut Down?

Infini, once the issuer of China’s most popular crypto card U Card, abruptly shut down the service citing unsustainable compliance costs, zero revenue, and high operational burdens. Despite previous growth and unique features like low fees and yield on card balances, the company admitted the consumer-facing card business was unviable. The move highlights deep structural challenges in the crypto card industry despite continued interest from firms like Coinbase and RedotPay. Read More

Why Did China’s Most Popular Crypto Card Suddenly Shut Down?

Infini, once the issuer of China’s most popular crypto card U Card, abruptly shut down the service citing unsustainable compliance costs, zero revenue, and high operational burdens. Despite previous growth and unique features like low fees and yield on card balances, the company admitted the consumer-facing card business was unviable. The move highlights deep structural challenges in the crypto card industry despite continued interest from firms like Coinbase and RedotPay. Read More

Strategy has acquired 245 BTC for ~$26.0 million at ~$105,856 per bitcoin and has achieved BTC Yield of 19.2% YTD 2025. As of 6/22/2025, Strategy hodl 592,345 BTC acquired for ~$41.87 billion at ~$70,681 per bitcoin.
https://www.strategy.com/press/strategy-acquires-245-btc-and-now-holds-592345-btc_06-23-2025

Strategy has acquired 245 BTC for ~$26.0 million at ~$105,856 per bitcoin and has achieved BTC Yield of 19.2% YTD 2025. As of 6/22/2025, Strategy hodl 592,345 BTC acquired for ~$41.87 billion at ~$70,681 per bitcoin.
https://www.strategy.com/press/strategy-acquires-245-btc-and-now-holds-592345-btc_06-23-2025

CryptoQuant analyst Darkfost noted that BTC’s Estimated Leverage Ratio (ELR) dropped sharply to -0.25 in three days — the lowest since China’s 2021 mining ban. The sharp decline in ELR indicates a rapid reduction in leveraged positions and open interest, suggesting some traders may be proactively closing positions to reduce risk exposure.

Hardware wallet maker Trezor has issued a security alert, warning that hackers exploited its website contact form to impersonate customer support and send phishing emails. Trezor emphasized that it never asks for wallet backups, confirmed the issue has been contained, and urged users to stay vigilant and keep their backups offline and confidential.

QCP: BTC briefly fell below $100k to $98.2k amid Iran’s threat to close the Strait of Hormuz, triggering over $1B in liquidations. The quick rebound suggests macro-driven selling under thin liquidity. Markets are stabilizing as geopolitical fears ease, but BTC remains at a key inflection point near $100k ahead of major U.S. economic data this week.

Digital asset investment products saw their 10th consecutive week of inflows, totalling US$1.24bn, with YTD inflows reaching a record US$15.1bn. Bitcoin and Ethereum led with inflows of US$1.1bn and US$124m respectively, indicating strong investor sentiment despite geopolitical uncertainty.

Binance has launched two new features—“Token Lock-up Addresses” and “Holding Concentration Indicators”—to provide users with access to token-related data and support trading decisions.
https://www.binance.com/en/blog/innovation/see-what-youre-trading-binance-adds-locked-address-and-concentration-metrics-700982149194281393?hl=en

From June 16 to June 20 (ET), spot Bitcoin ETFs recorded a net inflow of $1.02 billion, with BlackRock’s IBIT leading the pack at $1.23 billion in net inflows. Spot Ethereum ETFs saw a net inflow of $40.24 million over the same period, marking six consecutive weeks of net inflows.

Japanese publicly listed company Metaplanet has announced the additional purchase of 1,111 Bitcoins, bringing its total holdings to 11,111 BTC. The latest acquisition amounted to approximately 17.26 billion yen (around $118 million), with an average purchase price of 15,535,502 yen per BTC (approximately $105,946).