Cambodia’s Huione Guarantee Enables Global Scams Worth $11 Billion: Report
Huione Guarantee, a Cambodian online financial platform linked to the nation’s ruling family, is a marketplace enabling the global scam economy, particularly pig-butchering scams, to the tune of $11 billion, a report by Wired alleges.Source
Bitcoin Steady at $58.5K as German State Saxony Moves $300M in BTC
BTC held largely steady amid the continued divestment of coins, having failed to keep gains above $59,000 during the Asian hours.Source
Tulip Siddiq Appointed as UK City Minister With Responsibity for Financial Services, Crypto
U.K. Prime Minister Keir Starmer appointed Tulip Siddiq as the City Minister, a role that oversees financial services including crypto.Source
Trump’s New Crypto Enthusiasm Could Help Him Win More Votes: Poll
Former President Donald Trump’s recent embrace of cryptocurrency after his long-standing skepticism may win him some votes among reluctant Republicans as he seeks a return to the White House in November, according to an industry-sponsored poll released on Wednesday.Source
Bitcoin Miners Are Attractive Partners to Build Artificial Intelligence Data Centers: Bernstein
The broker initiated coverage on miners Iren Energy and Corz Scientific with outperform ratings.Source
Celestia’s TIA Token Surges 25%, Leaves Crypto Traders in Disbelief
Funding rates in perpetual futures tied to TIA are most negative since January, indicating a bias for shorts or bearish bets.Source
Bitcoin Rebounds Toward $60K, but Choppiness Likely to Persist: Analysts
The market will have to absorb between $4-$6 billion worth of bitcoin selling pressure throughout the summer months, weighing on prices, K33 Research said.Source
Crypto Wallet Provider Exodus Aims to Solve Web3’s User-Friendly Issue With ‘Passkeys Wallet’
The new wallet is able to bypass need for seed phrases, browser extensions or email verifications to use decentralized apps.Source
Ex-Valkyrie CEO Leah Wald to Take Reins of Crypto Investment Firm Cypherpunk
The co-founder and former Valkyrie CEO will the digital asset management firm to “push boundaries” of crypto investing.Source