Crypto’s Long-Tail Disruptive Trends

Interoperability between blockchain networks. Restaking. EVMs. Some major trends giving digital assets markets a lift in the new cycle, Santiago Velasco, Senior Trader, Nonco.Source

Jump Crypto Adds $10M to Industry’s U.S. Political War Chest, Raising PAC to $169M

Jump Crypto put another $10 million into the U.S. political action committee (PAC) that’s seeking to rush as many pro-crypto members into Congress as possible to achieve legislation the industry is after, a spokesman for the PAC confirmed.Source

Kraken Says Hackers Turned to ‘Extortion’ After Exploiting Bug for $3M

The bug found by a “security researcher” led to $3 million stolen from Kraken’s treasuries.Source

German Government Agency Moves $425M Bitcoin, Some to Crypto Exchanges

Arkham has identified the entity as an address belonging to the German Federal Criminal Police Office, which had seized almost 50,000 BTC from a piracy site.Source

SEC Ends Probe Into Consensys, Won’t Sue Over Ethereum

The U.S. regulator closed its investigation into “Ethereum 2.0,” Consensys said.Source

Meme Coins and Macro: U.S. Credit Card Holders Most Stressed Since 2012

The percentage of credit card loans outstanding for over 90 days has increased to the highest since 2012, a signal that speculative activity may ease off.Source

Martin Shkreli Says He is Behind Trump-Linked DJT as ZachXBT, GCR Start Poking Around

The relatively new token created ripples in the crypto community on X this week over its supposed existence as the “official” Donald Trump token. But it turns out one of its biggest loudmouths was behind its issuance.Source

IMF Says CBDCs Could Boost Middle East’s Financial Inclusion, Payment Efficiency

Central bank digital currencies (CBDCs) may not be essential to achieving intended policy goals, instead addressing underlying constraints and improving other digital payment systems may be a more practical alternative, a survey of 19 central banks in the Middle East and Central Asia (ME&CA) region by the International Monetary Fund’s (IMF) has said.Source

Patrick McHenry Explains FIT21’s Passage

Congressman Patrick McHenry (R-N.C.) chairs the powerful House Financial Services Committee, and has been the leading Republican on the panel for years. Last year, he spent a few weeks as the Speaker Pro Tempore of the House of Representatives, after lawmakers voted to oust then-speaker Kevin McCarthy (R-Calif.). McHenry announced his retirement in December and will leave office when his term expires this coming January. He spoke virtually at Consensus 2024 in Austin at the end of May.Source

Original TRUMP Token Struggles With Exchange Listings as DJT Rockets

Exchanges will list TREMP but not TRUMP, claiming the latter is “too political.”Source