Coin Wire — Crypto & Web3 News

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Cardano’s TapTools to wind down after 5 execs exit

Despite the planned wind-down, TapTools says it is open to being acquired or taking on external resources to continue maintaining the platform.

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Galaxy digital launches OTC prediction markets via global markets desk

Global digital asset and AI infrastructure firm Galaxy Digital has launched a new OTC (over-the-counter) prediction markets trading desk, which is expected to give institutional investors a platform to place bets on prediction events at a scale larger than retail traders. The new service, run throu…

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Meta retreats on employee mouse-tracking after weeks of staff revolt

Meta is pulling back parts of its controversial plan to record employee mouse movements and keystrokes for AI training. The retreat was disclosed on Tuesday in an internal memo by Stephane Kasriel, a vice president in Meta’s Superintelligence Labs. It follows a protest campaign that saw employ…

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U.S. Treasury sanctions Iran's biggest crypto exchange Nobitex for terror financing

The U.S. Treasury Department on Monday, June 1, announced it had placed sanctions on Nobitex, Iran’s biggest cryptocurrency exchange, along with three other digital asset platforms, due to accusations of aiding Tehran in evading Western sanctions and helping to funnel money to blacklisted inst…

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Cardsmiths' New America250 Trading Cards Have Real Bitcoin, Dogecoin Up for Grabs

Cardsmiths’ latest Currency trading card series tackles American history—and some packs include codes for real Bitcoin, Ethereum, and more.

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ChatGPT crosses 1 billion monthly users as Claude eats into user engagement

ChatGPT crossed 1 billion global monthly active users in May, becoming the fastest application ever to reach that number, according to Sensor Tower. It hit the milestone roughly three years after launch, outpacing Google Maps, TikTok, Instagram, and YouTube. The milestone comes at a time when both O…

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UK Lords warn BoE could regulate pound stablecoins into irrelevance

A UK House of Lords committee warned that strict stablecoin rules could make pound sterling tokens commercially unworkable despite supporting regulation.

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SEC makes digital assets strategic priority through 2030

The regulator’s five-year roadmap calls for clearer crypto rules, support for tokenization and a framework for staking and onchain markets.

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US lawmakers push back on Labor Department plans to include crypto in 401(k)s

The three members of Congress said the volatility of digital assets and “lack of regulation and safeguards” could put Americans’ retirement savings at risk.

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US Treasury Sanctions Iranian Crypto Exchanges Including Nobitex for Terrorist Financing

The Treasury's Office of Foreign Assets Control accused the platforms of enabling illicit finance activities across Iran's crypto ecosystem.

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As Bitcoin Sinks, It's Time for Ethereum to Outperform: Standard Chartered

Bitcoin is falling following Strategy's first BTC sale since 2022—and one analyst sees that as a good thing for Ethereum.

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Crypto correction vaporized $176B in investor funds: Are bears back in control?

Bitcoin and altcoin prices crumbled as BTC lost the $70,000 level. Will investors’ pivot to AI stocks continue to weigh on crypto markets?

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Crypto PACs pour $3M into Maryland races as California voters head to polls

An affiliate of a political action committee backed by crypto companies ramped up spending on ads in California ahead of Tuesday’s primaries, but still has millions of dollars at stake in Maryland later this month.

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Coinbase Ventures buys ENA tokens as exchange deepens onchain finance push with Ethena

Coinbase Ventures has purchased ENA tokens on the open market and announced a partnership with Ethena to build onchain savings products for more than 100 million combined users. Cryptopolitan has previously reported on Coinbase’s growing presence in the Hyperliquid ecosystem, where the exchang…

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Robinhood Officially Enters Canada After Closing WonderFi Acquisition

The WonderFi acquisition gives Robinhood regulated crypto operations in Canada and expands its workforce and customer network.

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Strategy Shares Fall for Second Straight Day After $56 Billion Bitcoin Giant Sells BTC

Shares in the leading Bitcoin treasury firm Strategy (MSTR) are now more than 70% off their 52-week high after the company sold BTC.

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Democrats Sanders and Warren Push Labor Department to Abandon Bitcoin 401(k) Rule

Bitcoin Magazine

Democrats Sanders and Warren Push Labor Department to Abandon Bitcoin 401(k) Rule Bernie Sanders and Elizabeth Warren are urging the U.S. Department of Labor under Donald Trump to withdraw a proposed rule allowing Bitcoin and other cryptocurrencies in retirement accounts. This post…

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Bitcoin Stocks, Led By Strategy (MSTR), Take a Beating as BTC Price Sells Off

Bitcoin Magazine

Bitcoin Stocks, Led By Strategy (MSTR), Take a Beating as BTC Price Sells Off Bitcoin’s drop into the mid-$67,000s — driven by ETF outflows, Mt. Gox movements, geopolitical tension, and Strategy’s first BTC sale in years—triggered an outsized selloff in crypto-linked stocks. This …

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Vitalik Buterin proposes personalized stablecoin baskets to replace USD pegs

Ethereum co-founder Vitalik Buterin has reposted an earlier proposal he made to ditch the U.S. dollar as the default reference point for stablecoins. He suggests that users hold personalized baskets of prediction market shares tied to their own spending patterns instead. The proposal by Vitalik foll…

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US sanctions Nobitex and other Iranian crypto exchanges under ‘Economic Fury’ campaign

Sanctioned exchange Nobitex handled more than half of Iran's crypto inflows last year, according to the U.S. Treasury.

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Microsoft Says Latest AI Models Beat Claude, Google's Nano Banana

Microsoft unveiled seven in-house AI models and claimed its flagship reasoning and image systems outperform rivals from Anthropic, OpenAI, and Google.

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Crypto derivatives activity slumps to late-2023 levels, but US perp market opportunity emerges

The composition of that volume remains heavily concentrated among a handful of exchanges, with Binance maintaining its dominant share.

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Coinbase invests in ProShares ETF tailored for stablecoin reserve assets

The exchange has invested an undisclosed amount in ProShares’ Treasury-focused ETF built for the post-GENIUS era as lawmakers debate whether stablecoin issuers can offer yield-bearing products.