Author: Kryptonews

Jeremy Allaire, founder and CEO of Circle, the USD Coin (USDC) issuer that went public this month, called stablecoins the “highest utility form of money ever created” in an X post on June 15. He added, however, that the stablecoin industry is yet to experience a significant disruption.Programmability of stablecoins will usher in changeAllaire’s comments were a response to an X post by Sam Broner, partner at a16z Crypto, who claimed that “stablecoins are better because they encourage competition.”Broner noted that with fixed and marginal costs of building a fintech becoming lower, now “anyone can program money.” This means competition,…

IntroductionAmid escalating geopolitical tensions and mounting economic uncertainties, traditional markets are under siege. Gunfire in the Middle East, escalating trade disputes between global superpowers, and deglobalization trends are increasing volatility across equities, commodities, and currencies. While blue-chip stocks retreat and traditional safe havens like gold inch upward, a digital asset continues to defy expectations: Bitcoin (BTC). Volatile yet resilient, Bitcoin has become the digital-era hedge, offering a store of value increasingly aligned with investor sentiment in unpredictable times.In this article, we explore Bitcoin’s evolving role during global instability, its recent market behavior, key investment strategies for navigating the storm, and…

We’re excited to announce the grantees selected for the recent staking community grants round. This grants round invited proposals that make the Ethereum staking experience easier, safer, and more secure. We were thrilled to see all of the great work proposed by these teams, and we’re looking forward to continuing to find new ways to support the ecosystem. In the meantime, if you’re working on something in this space and could use support, consider submitting a project inquiry with the Ecosystem Support Program. More than $1M has been allocated across 25 grants in 4 different categories: categoryamount (USD)community / education391,800.00new…

Major Ethereum holders have been scooping up Ether (ETH) over the past month as the cryptocurrency chopped sideways, while retail investors have been cashing out.Ethereum wallets holding between 1,000 ETH (whales) and 100,000 ETH (sharks) have added a net total of 1.49 million ETH (worth $3.79 billion) over the last 30 days, increasing their collective holdings by 3.72%, Santiment said in a X post on June 13. “Over the past month alone, these key whale and shark wallets have rapidly added more coins as retail traders have taken profit,” Santiment said.The group now holds 41.61 million ETH — nearly 27% of…

Key Takeaways American Bitcoin holds 215 BTC in reserve, operating since April 2025. The company partners with Hut 8 and uses Bitmain and MicroBt machines. Share this article American Bitcoin, a newly established Bitcoin mining entity backed by Eric Trump and Donald Trump Jr., has revealed that it has accumulated 215 BTC since its launch in April. The stash is valued at around $23 million at current market prices.Stacking more Bitcoin is part of the company’s core business objective and strategy, according to a June 10 disclosure with the SEC, which includes details of a proposed merger between Gryphon Digital…

Crypto exchange Bybit has announced that it aims to release its new Solana-based decentralized exchange Byreal in the third quarter, with a testnet version coming out at the end of June. In an  X post on Sunday, company chief executive Ben Zhou added that what makes the new exchange special is that it has CEX (centralized exchange) and DEX synergy. “Byreal isn’t just another DEX,” he said, adding that it combines “CEX-grade liquidity with DeFi-native transparency.” “This is what real hybrid finance looks like,” he said. “We’re building the onchain extension of a global exchange, combining CEX-grade liquidity with DeFi-native transparency,” said the Byreal…

Austin, Texas, has long been known for its vibrant tech scene and its embrace of innovative ideas. Now, the “Live Music Capital of the World” is adding another feather to its cap: becoming a burgeoning Bitcoin hotspot. A growing number of local businesses are recognizing the potential of digital currency and are actively integrating Bitcoin into their payment systems. This shift is not only attracting tech-savvy individuals to Austin but also positioning the city as a leader in the future of finance.## Why Austin? A Perfect Storm for Bitcoin AdoptionSeveral factors contribute to Austin’s embrace of Bitcoin. Firstly, the city’s…

Joel Shapiro, an acclaimed Post-Minimalist sculptor whose work explored shifts in scale and perception, died on Saturday at 83. His death was announced on Sunday by Pace Gallery. The New York Times reported that he had been battling acute myeloid leukemia. Shapiro’s work has been seen widely, in particular his figural sculptures made from bronze and aluminum elements, which have been seen everywhere from the United States Holocaust Museum to the rooftop of the Metropolitan Museum of Art. Though steeped in the haughty concepts that guided art-making during the 1960s and ’70s, these sculptures are also quirky and whimsical, with…

Fiat currency, the government-issued currency that isn’t backed by a physical commodity like gold or silver, often finds itself under scrutiny, especially in the burgeoning world of cryptocurrencies like Bitcoin. While Bitcoin promises a decentralized, potentially inflation-resistant alternative, fiat currency continues to hold a crucial role in modern economies and the foreseeable future.## The Enduring Power of Central BanksOne of the primary reasons fiat currencies remain dominant is the control wielded by central banks. These institutions, such as the Federal Reserve in the U.S. or the European Central Bank, have the power to manage monetary policy – setting interest rates,…

A widely followed trader believes that a layer-1 decentralized exchange (DEX) altcoin is gearing up for rallies to new all-time highs. Pseudonymous analyst Altcoin Sherpa tells his 248,500 followers on the social media platform X that he thinks Hyperliquid (HYPE) looks very strong despite the recent marketwide correction. The trader sees HYPE consolidating close to the highs for now before igniting a fresh leg up en route to a new record high. “HYPE has insane strength right now, this one got bought up quickly. wouldn’t be surprised to see a bit more chop around here but $50+ is destined, even…