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Stand With Crypto and more than 200 companies and organizations sent a letter to Senate Majority Leader John Thune and Minority Leader Chuck Schumer on June 7, urging them to schedule the Digital Asset Market Clarity Act for a full Senate vote. The letter — signed by executives and representatives from some of the most recognized names in digital finance — frames the moment as a test of American leadership in the global race to govern digital asset markets.  Signatories include Coinbase, Circle, Ripple, Kraken, Andreessen Horowitz, Binance.US, Multicoin Capital, Riot Platforms, and Uniswap Labs, among dozens of state-level blockchain…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Sam Bankman-Fried, the co-founder and former CEO of the collapsed cryptocurrency exchange FTX, moved forward with a new legal effort on Monday by filing a request for a presidential pardon from President Trump. Bankman-Fried’s Pardon Bid Bloomberg reported that Bankman-Fried submitted an application to the Office of the Pardon Attorney within the US Department of Justice (DOJ), seeking what the site describes as a “pardon after completion of sentence.”  Later on Monday, during an exclusive conversation with FOX Business correspondent Susan Li, Bankman-Fried said he “absolutely” wants…

Leading Ethereum treasury firm BitMine Immersion Technologies made its largest ETH-denominated purchase of 2026 last week, adding 126,971 ETH or around $214 million worth of the second-largest cryptocurrency by market cap.The firm’s major acquisition comes amid what the firm sees as a “strengthening case” for Ethereum following the AI-assisted discovery of a vulnerability in privacy protocol Zcash. Uncertainty over whether the vulnerability was actually exploited led to a 40% plunge in the price of Zcash’s ZEC token last week, though it has since recovered some of those losses.“The broad selloff in crypto, in our view, is a superficial take,” said…

Strategy (MSTR) returned to the bitcoin market this week, purchasing 1,550 BTC for approximately $101 million — its first acquisition since a controversial sale of 32 bitcoin drew scrutiny from investors and analysts. The company disclosed the purchase in an 8-K filing with the Securities and Exchange Commission on Monday morning. Executive Chairman Michael Saylor confirmed the buy on social media, stating that Strategy’s total bitcoin reserve now stands at 845,256 BTC, acquired for just under $64 billion at an average price of $75,680 per coin. The latest tranche was purchased at an average of $65,332 per bitcoin — roughly…

In brief Bitcoin bounced 7.5% from Friday’s $59,353 low to highs of $63,800 on Monday. The weekend recovery liquidated $540 million in short positions on Sunday, the highest level since mid-April. Experts remain cautious about the rebound, saying it does not confirm a trend reversal yet. A portion of last week’s selloff has come undone as Bitcoin bounced over the weekend, triggering a huge chunk of late shorts.Bitcoin recovered to highs of $63,800 Monday, up roughly 7.5% from Saturday’s $59,353 low, according to CoinGecko data. The cryptocurrency is currently trading at around $63,350, up 2.4% on the day.Bitcoin’s bounce liquidated…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure China’s Supreme People’s Procuratorate published a landmark case on June 7 in which prosecutors in Qingdao successfully argued that Bitcoin qualifies as legally protected property under the country’s criminal law — sentencing a thief to nearly 11 years in prison for stealing 107 Bitcoin — in a ruling that creates a striking legal contradiction at the heart of Beijing’s five-year-old blanket crypto ban. The case, published on the Supreme People’s Procuratorate’s official website under the headline “107 Bitcoins Disappeared,” centers on a defendant identified only by the…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Grayscale Chief Legal Officer Craig Salm has suggested that Zcash’s own shielded user base may be offering a more meaningful signal on exploit risk than external prediction markets. His comments came after Polymarket opened a market on whether Zcash’s Orchard pool vulnerability, publicized on June 4, is ultimately confirmed to have been exploited on mainnet. The Polymarket contract, opened on June 5, currently shows a 10% chance of confirmation, with $14,306 in volume. The market asks whether the Orchard pool vulnerability was exploited before it was fixed,…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Vietnam is planning to require that all domestic crypto trading — including transactions in Bitcoin, Ethereum, and stablecoins like USDT and USDC — be settled in Vietnamese dong, a rule that would effectively bar dollar-paired trades on licensed platforms. All Eyes On Licensing The requirement came out of a conference held in Hanoi on Friday, where officials from the State Securities Commission, the State Bank of Vietnam, and the Ministry of Public Security gathered alongside banks, securities firms, and blockchain industry groups to discuss the country’s path…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure A wallet linked to one of Ethereum’s co-founders has moved more than $121 million worth of ETH for the first time in over three years, and it could not have come at a worse time for market sentiment. The transfer comes at a sensitive moment for ETH, which reacted by falling to a yearly low of $1,537 in the past 24 hours before recovering slightly back above $1,640 at the time of writing. Joseph Lubin-Linked Wallet Moves 80,001 ETH After Three Years Blockchain analytics platform Lookonchain flagged…

Ethereum’s slide to its lowest level in more than a year is testing the Wall Street trade that brought the token deeper into institutional portfolios.Data from CryptoSlate shows that the second-largest cryptocurrency fell to as low as $1,506 during the last 24 hours, its weakest level since April 2025, extending a broad crypto selloff that has already drained leverage from derivatives markets and pushed traders toward defensive positioning.Crucially, the downswing is not confined to ETH’s spot market as the digital asset is also experiencing a broader deterioration across regulated ETF flows, centralized exchange deposits, and derivatives positioning.This situation comes at…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Arthur Hayes has disclosed the unwinding of his Worldcoin position just days after revealing a major rebalancing of Maelstrom’s portfolio. On Friday, June 5th, the BitMEX co-founder proclaimed that “the Holy Trinity is dead,” dumping his Zcash, Hyperliquid, and NEAR holdings while touting WLD’s prospects of outperforming. Hayes revealed the recently found Orchard Pool vulnerability as the rationale behind taking profit on Zcash. Meanwhile, the Maelstrom CIO had earlier sold off his entire HYPE and NEAR holdings, citing higher energy prices (due to the war in Iran),…

In brief Security researcher Taylor Hornby used Claude Opus 4.8 to discover a four-year-old flaw in Zcash’s Orchard privacy pool that could have enabled unlimited counterfeit ZEC creation. Cybersecurity researchers say frontier AI models are increasingly capable of finding cryptographic and logic flaws that previously required deep specialist expertise. Experts warn that capabilities approaching today’s most advanced vulnerability-discovery systems could become widely available within months. A security researcher using Anthropic’s Claude Opus 4.8 uncovered a critical flaw in Zcash’s Orchard privacy pool in a matter of days, exposing a vulnerability that had survived four years of review by leading zero-knowledge…