Here’s your rapid-fire recap of the biggest crypto stories shaking the market this week:
1. Blum Co-Founder Arrested
Blum co-founder Artem Smerkis has been arrested in Moscow on fraud allegations, sending shockwaves through the crypto startup scene.
2. Russia Targets Crypto in Criminal Cases
Russian lawmakers are drafting a bill to allow seizure of digital currencies in criminal investigations, tightening control over illicit crypto use.
3. Strategy Goes Big on Bitcoin
Strategy added a massive 7,390 $BTC to its holdings, worth $764.9 million, reflecting bullish institutional momentum.
4. Argentina Disbands LIBRA Probe
Argentina’s crypto watchdog shuts down its memecoin investigation unit tied to LIBRA, signaling a policy pivot in crypto enforcement.
5. Societe Generale Enters Stablecoin Game
The French banking giant plans to launch a USD-pegged stablecoin on Ethereum, aiming to bridge TradFi and DeFi.
South Korea Opens Crypto Doors
Starting June, South Korea will lift its ban on crypto investments by financial institutions, potentially unlocking billions in capital.
7. Bitcoin Breaks New ATH
Bitcoin smashes past $110,000, setting a new all-time high amid rising institutional demand and ETF inflows.
8. Kraken to Tokenize Stocks
Crypto exchange Kraken plans to launch tokenized stocks and ETFs, merging traditional finance with blockchain tech.
9. Cetus Exploited for $220M
DeFi protocol Cetus suffered a devastating smart contract exploit, losing $220 million—one of the year’s biggest DeFi breaches.
10. Trump Proposes EU Tariffs
Donald Trump suggests a 50% tariff on EU imports, raising concerns about global trade tensions that could ripple into crypto markets.
