Main news about crypto world from @Major team.
📣 BBG: To build a publicly traded crypto treasury company, former Tether and Blackstone executives are targeting $1B in funding
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🪙 Pradeep Bhandari, National Spokesperson for India's ruling party, urges the nation to consider BTC as a strategic reserve asset
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📣 Hester Peirce, US SEC, says: “In-kind redemptions for crypto ETFs are on the horizon”.
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🔥The WLFI token will soon be tradeable, according to World Liberty Financial’s announcement
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🪙 White House Deputy Director says: “There is an accumulation plan for the US to buy more BTC”.
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🔥 Jerome Powell, Fed Chair, responding to questions in front of the Senate said: “The crypto stablecoin industry has matured and become more mainstream”.
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📣 US Senator Cynthia Lummis says: “Treasury has some tools that it could use to convert current underperforming assets into BTC”.
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🪙 Anthony Pompliano's ProCap BTC buys an additional 1,208 BTC, now hold 4,932 BTC
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❕ UK Barclays: Starting 27 June, customers will no longer be able to make cryptocurrency transactions
The bank concerns that falling crypto asset prices could leave customers with unaffordable debt and a lack of protection if transactions go wrong.
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❕ Brussels is set to ignore ECB warnings over Stablecoin rules
Brussels is poised to announce new rules for the rapidly growing stubcoin market, honing its warning from the European Central Bank that it could destabilize regional banks during the period of market volatility.
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❕ Crypto coin A7A5 for Russian shadow payments moves $9B
The findings of CIR’s* investigation suggests that A7 has been constructing a system based on both fiat currency and cryptocurrency for the large-scale transfer of money into and out of Russia.
* — The Center for Investigative Reporting is a nonprofit US news organization.
⚡️ South Korea's largest bank files stablecoin trademarks for upcoming banking consortium
KB said it is a preemptive effort in preparation for the upcoming stablecoin consortium with seven other major banks in the country.
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📣 Coinbase CEO says Coinbase is powering crypto integrations "for ~200 banks, brokerages, fintechs, and payment companies"
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❕ Bank for International Settlements argues stablecoins fail "three key tests"
"Central bank for central banks" claimed that fiat-pegged digital assets fail "the three key tests" that would enable them to be the backbone of the monetary system: singleness, elasticity and integrity.
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🔥 SEC Crypto Task Force met with the NYC Stock Exchange to discuss crypto regulation approaches
Agenda included tokenized equities trading, generic listing standards for spot crypto ETPs, and promoting level playing field among market participants.
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🪙 Arthur Hayes predicts Bitcoin will reach a new ATH soon
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🪙 Metaplanet acquired an additional 1,234 BTC ($132.7M), boosting its treasury to 12,345 BTC, overtaking Tesla’s Bitcoin holdings
🔄 Earlier: Metaplanet raises $517M to buy more Bitcoin.
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⚡️ The largest mortgage agencies in the US, Freddie Mac and Fannie Mae, have been directed by the FHFA* to incorporate crypto assets into their mortgage application evaluations
* — Federal Housing Finance Agency
🪙 GameStop secured an additional $450M for BTC purchases, boosting its total budget to $2.7B.
🔄 Earlier: GameStop announces pricing of upsized private offering of $2.25B of convertible senior notes.
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💲 Tether CEO says firm "will become the biggest bitcoin miner" by end of 2025
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⚡️ Republic plans to sell digital tokens that mirror the performance of SpaceX’s private shares in a move largely untested with regulators
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🪙 Metaplanet raises $517M to buy more Bitcoin
🔄 Earlier: $5B investment.
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🔥 Arizona lawmakers advance bill to establish crypto reserve using seized funds
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🪙 Norwegian mineral mining firm Green Minerals eyes $1.2B raise for Bitcoin Treasury
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🔥 Bitget partners with DWF Labs to boost WLFI’s stablecoin
DWF Labs will provide institutional-grade liquidity support for USD1 across both spot and derivatives markets.
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⚡️ CZ: "If you sold the dip, you need to unfollow the weak minds, and follow right people".
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⚡️ NYC mayor lays out crypto plans as city residents vote in Democratic primary
The mayor said he planned to set up a city council to advocate for crypto policies in state government, and “build out the pipeline” to pay for city services using crypto and by introducing digital asset education in schools.
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