Crypto Breaking News

Two US senators—one Republican and one Democrat—are pushing back against any attempt by former FTX CEO Sam Bankman-Fried to secure executive clemency from President Donald Trump. Senator Cynthia Lummis and Senator Rubén Gallego plan to introduce a non-binding resolution stating that under no circumstances should Bankman-Fried receive a pardon or commutation. The lawmakers say the aim is to protect the integrity of the sentencing outcome and deterrence for large-scale financial fraud. The resolution argues that the 25-year sentence imposed on Bankman-Fried reflects the “extraordinary scale and deliberateness” of his crimes, his lack of remorse, and the harm inflicted on millions of

Efforts to verify identity without exposing sensitive personal data are moving from theory into patent filings and public funding applications. In a new European filing, The Hashgraph Group, operating within the Hedera ecosystem, and Italian ultra-wideband sensing firm Truesense describe a framework they call Continuous Identity Trust Infrastructure (CITI), designed to link physical presence events to decentralized digital identity credentials. The companies also say they have applied for €74.3 million in EU funding to help deploy the system across sectors such as transport, smart-city infrastructure, and enterprise environments. While the initiative remains at the application stage, it signals growing interest in

QCP says fears that Strategy may need to sell more Bitcoin to fund dividends are still weighing on BTC, even as a US-Iran MOU eases Strait of Hormuz disruption risk.

Two US senators—Cynthia Lummis, a Republican, and Rubén Gallego, a Democrat—are co-sponsoring a congressional resolution urging President Donald Trump to deny any request for executive clemency for convicted FTX founder Sam Bankman-Fried. The move highlights how high-profile enforcement outcomes in the cryptocurrency sector are increasingly becoming part of the broader political and compliance landscape around financial fraud and accountability. The proposed resolution, to be introduced Wednesday, is framed as non-binding, while acknowledging that clemency decisions remain constitutionally within the president’s authority. Still, the senators argue that granting a pardon or commutation would undermine deterrence and could be read as a signal

Prediction market platform Kalshi is partnering with compliance software provider StarCompliance to roll out a monitoring system aimed at helping financial firms oversee employee activity tied to prediction market trading. The announcement, made this week, comes as regulators and lawmakers in the United States intensify scrutiny over whether insiders can exploit non-public information through event contracts. Kalshi and StarCompliance say the new platform is built to detect patterns that may indicate misuse, using signals such as transaction volume, trading behavior, market categories, and even whether activity occurs during work hours. It also positions firms to centralize investigations and maintain audit records

Binance risks losing EU market access after reports that Greece may reject its MiCA license application ahead of the June 30 deadline.

Bybit added to MAS Investor Alert List amid consumer protection focus Singapore’s Monetary Authority of Singapore (MAS) has added Bybit Fintech Limited and Bybit to its Investor Alert List, a registry intended to help consumers avoid entities that could be mistaken for MAS-licensed or MAS-regulated firms. The regulator posted the update on Wednesday, but did not provide a specific explanation for the listing. MAS describes the Investor Alert List as a mechanism to identify investment offers and entities that may create a false impression of being licensed, authorised, regulated, or registered by the authority, or whose investment offerings might be mistakenly

The SEC is moving toward a tokenized stock framework that could create a clearer, controlled path for blockchain-based equity trading as Coinbase, Binance, and Wall Street firms expand tokenized product offerings.

Citadel warns that persistent inflation could push the Federal Reserve toward Fed rate hikes as early as September 2026, with markets and major banks increasingly pricing tighter policy.

Singapore’s financial regulator has added Bybit to the Monetary Authority of Singapore’s (MAS) Investor Alert List, a move that highlights how strictly the city-state polices the boundary between legitimate oversight and consumer misunderstandings about crypto firms’ regulatory status. MAS listed Bybit Fintech Limited and “Bybit” on the Investor Alert List on Wednesday. The regulator did not publicly state a specific reason for the entries, but it said the list is intended to warn consumers about entities and investment offers that could be wrongly perceived as licensed, authorised, regulated, or registered by MAS—or as having received MAS approval when they have not.

Aster will route 99% of daily platform fees into automatic ASTER buybacks starting June 17, then distribute the acquired tokens to veASTER stakers through Loyalty Rewards.

Bitcoin pulled back from its weekly lows as traders returned to watch a busy U.S. macro calendar, with the Federal Reserve’s Wednesday interest-rate decision arriving shortly after the Wall Street open. Still, analysts say the rebound has struggled to build momentum, pointing to a lingering, very specific drag tied to Strategy’s Bitcoin position. QCP Capital’s latest Market Color argues that, despite broader risk appetite improving, BTC has not been able to fully participate. The firm highlighted concerns that Strategy could be forced to sell additional Bitcoin to fund dividend obligations, even after recent balance-sheet actions that were intended to extend its

The XRP Ledger 3.2.0 upgrade rolls out as David Schwartz updates his hub server, bringing maintenance, cleanup, reliability improvements, and a core software rename from rippled to xrpld.

CoinMENA FZE, a regulated virtual asset service provider (VASP) in the United Arab Emirates, said it has entered a banking relationship with Standard Chartered intended to strengthen fiat “on” and “off” ramp operations. The announcement points to a broader trend in the UAE, where regulators have been shaping frameworks for digital assets and established banks are increasingly looking at how to serve compliant crypto businesses. What the agreement covers According to the company statement, CoinMENA’s partnership with Standard Chartered is designed to support customer money account services and fiat payment infrastructure. CoinMENA said it will use Standard Chartered’s banking capabilities to

Litecoin’s spot ETF begins trading as investors gauge whether regulated altcoin funds can translate approval into sustained demand.

Stablecoin settlement infrastructure startup Trace Finance has secured $32 million in a Series A funding round led by CoinFund, with participation from Coinbase Ventures, Jump Capital, and Paxos, the company said in a statement shared with Cointelegraph. Trace Finance says it has processed more than $10 billion in transaction volume to date and plans to use the new capital to expand its services across Latin America, the United States, and Asia-Pacific. The round underscores a broader shift underway in crypto payments: stablecoins are increasingly being treated not just as an on-chain asset, but as part of regulated, bank-connected settlement rails for

Sam Bankman-Fried reportedly said he could launch a new coin after prison if released in the future, as he pursues appeals and a presidential pardon.