Gotbit Consulting LLC, a prominent cryptocurrency market maker, was sentenced in federal court for criminal charges related to a multi-year scheme to manipulate digital asset trading volumes, according to a June 13 press release. Aleksei Andriunin, the firm’s 26-year-old founder and CEO, was sentenced to eight months in prison and one year of supervised release […]

The post Crypto market maker Gotbit and founder sentenced for fraud, manipulation appeared first on CryptoSlate.

…

Learn MoreCrypto market maker Gotbit and founder sentenced for fraud, manipulation

Risk assets would take a significant hit if Iran closes the Strait of Hormuz, a narrow waterway supplying 20% of the global oil trade.

…

Learn MoreClosing Strait of Hormuz is biggest risk to BTC price this weekend — Analyst

Cardano’s ADA token dipped more than 6% as Charles Hoskinson defended a proposal to deploy 140M ADA from the treasury to kick-start stablecoin liquidity. …

Learn MoreADA Drops 6% as Cardano Community Debates $100M Stablecoin Liquidity Proposal

XYZVerse is a new meme coin project that has garnered significant attention from the crypto community thanks to its unique concept. It is the fist all-sports meme coin that offers real utility to all sports fans and crypto enthusiasts by partnering with sportsbook platforms. Still in a presale phase, XYZVerse has already formed a strong […]

The post XYZVerse Gains Strong Momentum, Raising Over $14M in Stage 12 appeared first on CryptoSlate.

…

Learn MoreXYZVerse Gains Strong Momentum, Raising Over $14M in Stage 12

Walmart and Amazon are preparing to launch their own stablecoins as the U.S. Senate advances landmark legislation that would establish a federal regulatory framework for privately issued digital dollars for the first time. The legislation, known as the GENIUS Act (S.394), has passed committee and cleared cloture, with a final Senate vote scheduled for June […]

The post Walmart & Amazon eye $14B in savings by launching corporate stablecoin appeared first on CryptoSlate.

…

Learn MoreWalmart & Amazon eye $14B in savings by launching corporate stablecoin

Though sharply lower, TON is showing signs of stabilization, according to the charts. …

Learn MoreTON Down 8% After Israeli Strikes Against Iran

While some tokens may be entering accumulation phases with upside potential, others appear to be hitting short-term ceilings as whales exit their positions. …

Learn MoreShiba Inu (SHIB) Leads Whale Accumulation Wave Amidst Rising Geopolitical Tensions

While SharpLink has become the largest publicly traded holder of Ether globally, some entities, including the Ethereum Foundation and BlackRock, are still holding more ETH.

…

Learn MoreSharpLink buys $463M in ETH, becomes largest public ETH holder

Despite the global uncertainty, numerous altcoins have posted notable double-digit price gains. …

Learn MoreHYPE’s Latest ATH and Bitcoin’s Volatile Journey Amid Escalating Global Tension: Your Weekly Crypto Recap

A growing number of public companies are committing significant funds to XRP treasuries, with total commitments approaching the $1 billion milestone. The move signals rising institutional interest in integrating blockchain-based assets into corporate financial strategies. Momentum builds around corporate XRP reserves On June 12, Singapore-based Web3 firm Trident Digital revealed plans to raise up to […]

The post XRP corporate treasury investments near $1 billion as companies embrace blockchain potential appeared first on CryptoSlate.

…

Learn MoreXRP corporate treasury investments near $1 billion as companies embrace blockchain potential