Author: Kryptonews

Key Takeaways: A U.S. congressional mention of Skibidi Toilet Coin ($SKBDI) triggered a rapid price surge./span> Congressman Brad Sherman, while discussing a bill on digital asset purchases, referenced Skibidi Toilet alongside Bitcoin, Ethereum, Trump Coin, and Mongoose Coin. Skibidi Toilet Coin is based on a viral YouTube series with over 65 billion views. Solana-based meme coin Skibidi Toilet ($SKBDI) surged 80% after receiving an unexpected mention during a U.S. congressional hearing.The token briefly stole the spotlight when Representative Brad Sherman referenced it in a House Financial Services Committee meeting on crypto regulation.Congressman Sparks Meme Coin Frenzy with Shoutout to Skibidi…

Interconnections between centralized and decentralized crypto lending are heightening systemic risk, Galaxy Digital’s research arm said in a June 4 report on first-quarter borrowing data.The report estimated that as of March 31, over $39 billion in crypto-collateralized debt was outstanding across decentralized lending apps, centralized lenders, and crypto-backed stablecoin issuers.DeFi protocols accounted for 45.3% of the total, centralized venues accounted for 34.6%, and collateralized stablecoins accounted for 20.1%. According to the report, many centralized desks raise short-term liquidity on DeFi rails, then lend the funds off-chain.This duplication causes the same debt obligation to appear in both on-chain data and private ledgers,…

Bitcoin has increasingly been touted as a hedge against fiat inflation, a claim that sparks both fervent support and skeptical dismissal. As governments worldwide print more money to stimulate their economies, leading to devaluation and fears of hyperinflation, the allure of a decentralized, scarce asset like Bitcoin grows. But does this digital currency truly offer protection against the erosion of purchasing power? Let’s delve into the complexities of this argument.## Understanding Fiat InflationFiat currency, like the US Dollar or the Euro, derives its value from government decree rather than a physical commodity like gold. Its supply can be adjusted based…

Introduction to Scalability Solutions The scalability of blockchain networks remains one of the biggest challenges in cryptocurrency. Many Layer-1 (L1) networks like Bitcoin and Ethereum suffer from slow transaction speeds and high fees when congestion occurs. To combat this, Layer-2 (L2) scaling solutions have emerged to enhance throughput while reducing costs. This article explores the fastest and most affordable transaction options across both Layer-1 and Layer-2 protocols. Why Speed and Affordability Matter Fast and cheap transactions are essential for real-world adoption. For microtransactions, gaming, DeFi interactions, and everyday payments, users need fast confirmations and minimal fees. High gas fees on…

Everyone’s on the lookout for value, whether they’re buying groceries or spending money on entertainment. The goal is always the same: get more while spending less. But sometimes, unlocking that kind of value means rethinking how you pay in the first place.That’s exactly what’s happening as more online casinos start accepting Bitcoin. Betting with BTC isn’t just about following a tech trend—it can actually give you more for your money.Speed is one big reason. Odds shift constantly, and with Bitcoin’s near-instant transactions, you don’t have to wait hours (or days) for a deposit to clear. You’re ready to act right…

SEC Chair Paul Atkins Promises Clarity in Crypto Regulations Paul Atkins Unveils Plans for Clearer Cryptocurrency Regulatory Framework SEC’s Paul Atkins Pushes for Transparent and Structured Crypto Rules Paul Atkins, the newly appointed Chairman of the U.S. Securities and Exchange Commission (SEC), has vowed to bring clarity to the cryptocurrency regulatory landscape.  Speaking before the U.S. Senate Appropriations Subcommittee on June 3, 2025, Atkins outlined his strategy to establish clear and effective regulations for the rapidly growing crypto industry.  SEC Chair Paul Atkins Pushes for Clear and Structured Crypto Regulation He highlighted that the lack of clear guidelines has stunted…

Thank you to the EFers that provided valuable input and feedback to the draft document: Bastian Aue, Vitalik Buterin, Bogdan Popa, Tomasz Stańczak, Fredrik Svantes, Yoav Weiss, Dankrad Feist, Tim Beiko, Nicolas Consigny, Nixo, Alex Stokes, Ladislaus, and Joseph Schweitzer. Thank you to kpk, Steakhouse Financial, and pcaversaccio for providing valuable and insightful input and the final review of this document. The Ethereum Foundation (EF) exists to strengthen Ethereum’s ecosystem and uphold its long-standing non-negotiable objectives: enabling “applications that run exactly as programmed without any possibility of downtime, censorship, fraud, or third-party interference”. EF Treasury supports EF’s long-term agency, sustainability,…

The digital landscape has become both a vital infrastructure for modern life and a fertile ground for malicious actors. From individuals seeking financial gain to nation-states engaged in espionage, the range and sophistication of cyber threats are constantly evolving. Understanding these threats and the hacking techniques used to exploit vulnerabilities is crucial for individuals, businesses, and governments alike. Neglecting cybersecurity can lead to devastating consequences, including financial losses, data breaches, reputational damage, and even threats to national security.## Understanding Common Threat ActorsThe world of cybercrime is diverse, comprising various actors with differing motivations and capabilities. Individual hackers, often driven by…

Today’s episode is sponsored by Kraken Pro.Today’s Stories:First Mover Americas: Bitcoin Treads Water Below $26KBitcoin Bulls Face Setback as Monthly Stochastic Indicator Turns Lower: AnalystBitcoin’s Use as Margin Collateral in Crypto Futures Trading Is GrowingTraditional Finance Exchanges Divided on Crypto Services: SurveyGlobal Standard Setters to Deliver Global Crypto Policy RoadmapAustralia Senate Committee Rejects Crypto Bill From Opposition Senator Andrew BraggFrom our sponsors:Meet the all-new Kraken Pro. The powerful, customizable, beautiful way to trade crypto.It’s Kraken’s most powerful trading platform ever – packed with trading features like advanced order management and analytics tools — all in a redesigned, modular trading interface.Head to pro.kraken.com and trade…

Peter Zhang Jun 04, 2025 18:17 NVIDIA outlines the process to replicate MLPerf v5.0 training scores for LLM benchmarks, emphasizing hardware prerequisites and step-by-step execution. NVIDIA has detailed the process for reproducing training scores from the MLPerf v5.0 benchmarks, specifically focusing on Llama 2 70B LoRA fine-tuning and Llama 3.1 405B pretraining. This initiative follows NVIDIA’s previous announcement of achieving up to 2.6x higher performance in MLPerf Training v5.0, as reported by Sukru Burc Eryilmaz on the NVIDIA blog. The benchmarks are part of MLPerf’s comprehensive evaluation suite aimed at measuring the performance…