Coinpedia

American Bitcoin, a crypto venture backed by Eric Trump, has raised $220 million from private investors to purchase bitcoin and mining equipment, with plans to go public via a merger with Gryphon Digital Mining.
Crypto Firm American Bitcoin Goes Big With New Raise Amid Plans for Public Listing
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Nobitex, the Iranian cryptocurrency exchange, is gradually restoring user wallet access after a hack resulted in over $90 million in losses. Initially focusing on spot wallets, users must verify their identity to regain access, with a phased display of wallet balances.

Elon Musk opposes Trump's "big, beautiful bill," warning of its debt implications and proposing a new America Party for centrist voters. He criticizes senators supporting the bill while Trump counters with remarks on Musk’s government subsidies.

The dollar index is facing significant declines, its worst since the Reagan era, due to unstable U.S. economic policies under Trump. Investors are moving to safer assets amid increasing public debt and policy uncertainty.

Kazakhstan's National Bank plans to create a cryptocurrency reserve, utilizing expropriated digital assets and mined cryptocurrencies from state companies. Chairman Timur Suleimenov emphasized the importance of transparency and security in managing the reserve, drawing parallels to U.S. strategies.

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Bolivia's economic crisis is driving increased cryptocurrency adoption, with a 600% rise in trading volumes. Despite government restrictions, the use of stablecoins is expanding, prompting a potential policy shift to leverage their benefits for the economy.

A global crypto fraud ring that defrauded over 5,000 victims of €460 million ($542 million) has been dismantled by international law enforcement in a major operation, including arrests in Spain and coordinated efforts with Europol and other agencies.

Circle's application for a federal trust bank signals a significant step towards integrating digital currency into U.S. finance, enhancing compliance and oversight for stablecoins like USDC.

Public companies are increasingly adopting XRP as a strategic treasury asset, indicating a shift toward institutional cryptocurrency investment. This trend reflects a growing understanding of market dynamics and aims to enhance financial operations across various industries.

Treasury Secretary Scott Bessent is instrumental in selecting a successor for Federal Reserve Chair Jerome Powell, with potential candidates including Bessent and Kevin Warsh. Concerns arise about market stability with an early change, as Trump aims to align the Fed with his economic policies.