Germany Shuts Down Ethena GmbH Over USDe: BaFin Finalizes 42-Day Stablecoin Exit Plan
Germany’s BaFin has closed its case against Ethena GmbH after agreeing to a 42-day redemption plan for USDe holders. The move ends a months-long regulatory standoff and clears the path…
Russian Ruble Stablecoin A7A5 Linked to $9.3B in Grinex Transactions, FT Reports
A7A5, a ruble-backed stablecoin launched in Kyrgyzstan, is reportedly facilitating billions in trades on Grinex—a platform suspected to be the successor to sanctioned exchange Garantex. $9.3B in Transactions, Just 124…
Anthony Pompliano’s ProCap Buys $386M in Bitcoin, Plans $1B Public Offering
ProCap BTC just made its first big move—buying 3,724 Bitcoin for $386 million, the firm announced today. The purchase came less than 48 hours after ProCap announced plans to go…
South Korea’s Banking Giants to Launch Won-Backed Stablecoin by 2026 to Fight Dollar Dominance
Eight major South Korean banks are joining forces to launch a won-backed stablecoin by 2026. The move is to reduce dependence on the US dollar in digital finance and make…
Bitcoin ETFs See Record $588M June Inflow, Extend 11-Day Streak Amid Ceasefire Boost
Bitcoin ETFs See Record $588M June Inflow, 11-Day Streak Bitcoin ETFs had their best June day ever—$588.6 million—11 days in a row. The rally follows a Middle East ceasefire, easing…
Bitcoin Network Hit Hard: Hashrate Plunges 15% in Sharpest Drop Since 2021
Bitcoin’s hashrate fell 15% from June 15 to 24, the biggest drop in 3 years. The decline is sparking talk of mining slowdowns due to rising power costs, extreme heat,…
