The latest and biggest crypto news about how Bitcoin, blockchain, DeFi, and Web3 are shaping our world. Global: https://t.me/addlist/pIGS3a3VQZllNzIy Community: @telochat_en Twitter: twitter.com/Telo_Official For ads: ad@telo.news
U.S. Treasury Secretary Scott Bessent has emerged as a possible candidate to succeed Federal Reserve Chair Jerome Powell, whose term ends in May 2026
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Crypto has hit an all-time high of 30.8m daily active users, up from just 1m in early 2020—a 30x surge in five years.
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The U.S. Senate will hold a procedural vote this week on a key stablecoin bill (GENIUS Act) backed by the crypto industry and President Trump, requiring 60 votes to advance.
The bill sets reserve and oversight rules for dollar-pegged tokens, but faces opposition from progressive Democrats over financial risks and lack of safeguards.
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The government of Paraguay has confirmed that President Santiago Peña’s Twitter/X account was hacked.
The false post claiming Paraguay made Bitcoin legal tender—and linking to a suspicious BTC wallet—has been debunked. No such policy has been announced, and the country has not adopted Bitcoin as official currency.
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TON is now the top blockchain by daily NFT trading volume—or second after Ethereum if off-chain trades are included.
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According to a16z Crypto, stablecoins are now processing $33tr in annual volume—nearly 20x PayPal, 3x Visa, and approaching ACH.
With $128bn in U.S. Treasuries, stablecoin issuers are now among the top-20 holders of U.S. debt, ahead of countries like Germany and Saudi Arabia.
⚫Over 1% of the total U.S. dollar supply is now tokenized
⚫Citi projects stablecoins could hold $3.7tr in Treasuries by 2030
⚫Ethereum and Tron dominate infrastructure, but Solana, Arbitrum, and Base are gaining share
⚫Activity appears decoupled from crypto trading volumes, suggesting real-world adoption
⚫Stablecoins now offer sub-second, sub-cent transactions—positioning them as a serious contender to onboard the next billion crypto users
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Argentina’s Anti-Corruption Office has cleared President Javier Milei of ethics violations related to his promotion of Libra ($LIBRA), stating his post was not an official endorsement. However, criminal investigations and class-action lawsuits remain active in Argentina, the U.S., and the UK.
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Binance released its 31st Proof of Reserves report.
⚫️ 593k BTC: -1.82% from its last PoR on May 1, 2025
⚫️ 5.337m ETH: +1.05%
⚫️ 28.83bn USDT: -0.77%
⚫ 39.85m BNB: +1.56%
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✔ This week's crypto market highlights:
⚫ Elon Musk announces XChat with Bitcoin-style encryption
⚫ Ross Ulbricht receives 300 BTC donation worth $31.4m
⚫ Singapore MAS bans unlicensed crypto firms from serving overseas
⚫ Tether launches XAUt0 on TON
⚫ Moscow Exchange launches BTC futures for qualified investors
⚫ Franco-Moroccan man arrested for crypto kidnappings
⚫ Metaplanet issues 555m warrants to raise $5.4bn for Bitcoin
⚫ Apple, X, Airbnb, Google explore stablecoin integration
⚫Gemini files for IPO
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Coinbase CEO Brian Armstrong said the company has reduced account freezing issues by 82%, acknowledging it as a long-standing user concern.
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X has officially announced a partnership with Polymarket, the world’s largest prediction market platform. Users on X will now be able to place bets on future events, ranging from elections to economic trends.
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Apple, X, Airbnb, and Google are holding early talks with crypto firms about integrating stablecoins to reduce transaction fees and improve global payment efficiency.
⚫️Apple is reportedly in talks with Circle over a potential integration
⚫️Airbnb is working with Worldpay to reduce Visa and Mastercard fees
⚫️Elon Musk’s X is exploring stablecoin payments in X Money, with ongoing discussions with Stripe
⚫️Google Cloud already accepts PayPal’s PYUSD
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Strategy has priced its IPO of 11,764,700 shares of 10.00% Series A Perpetual Stride Preferred Stock at $85.00 per share, expecting to raise approximately $979.7m. The proceeds will be used for general corporate purposes.
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The probability of Donald Trump’s impeachment is currently 12%, based on betting markets on Polymarket.
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Institutional Bitcoin ETF holdings fell by 23% in Q1 2025 to $21.2bn, marking the first quarterly decline since U.S. spot ETFs launched.
The drop is mainly attributed to Bitcoin’s price depreciation, though some investors actively reduced positions, while corporate treasuries continued accumulating BTC.
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CZ is the second richest Chinese person on the Forbes list.
The Binance founder’s net worth is estimated at $62.9bn, placing him 24th globally—right behind the TikTok founder Zhang Yiming, whose fortune stands at $65.5bn.
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SBI Holdings and SBI Shinsei Bank have invested $50m in USDC issuer Circle following its IPO, with each contributing $25m.
The move follows the March 2025 launch of their joint venture, Circle SBI Japan KK, aimed at expanding USDC adoption in Japan under a broader business partnership.
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Societe Generale-Forge has launched a new USD-backed stablecoin, USD CoinVertible (USDCV), on Ethereum and Solana.
BNY will serve as the asset custodian for the token, marking a significant step in crypto adoption by one of France’s largest banks.
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The viral post claiming that Paraguay has made Bitcoin legal tender appears to be fake.
⚫The tweet attributed to President Santiago Peña includes clear red flags, such as a suspicious BTC wallet address and promotional investment language.
⚫No official government announcement or credible source has confirmed such a move.
⚫Analysts, including well-known account "tier10k", have publicly cast doubt on the legitimacy of the post.
At this time, there is no official source confirming that Paraguay has made Bitcoin a legal tender.
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Strategy has added 1,045 BTC for ~$110.2m at an average price of ~$105,426, bringing its YTD 2025 BTC yield to 17.1%.
As of June 9, the firm holds 582,000 BTC bought for ~$40.79bn at an average of ~$70,086 per coin.
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Ethiopia has officially banned the trading of virtual currencies, allowing only the Ethiopian birr for transactions.
Despite the prohibition, authorities are preparing crypto regulations and training experts to monitor illicit crypto activity, with support from the UN, Russia, and regional partners.
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On June 6th, the People’s Bank of China injected 135bn yuan ($18.63bn) into the banking system through 7-day reverse repos at a fixed rate of 1.40%.
⚫The move is aimed at maintaining liquidity in the financial system
⚫Growth in China's money supply (M2) has historically correlated with rising BTC prices
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Tether CEO Paolo Ardoino said a public listing would value the company at $515 billion—calling the figure “a beautiful number” but possibly “a bit bearish” given Tether’s growing Bitcoin and gold reserves.
USDT’s market cap is $154.8bn. In June, Tether moved $3.9bn in BTC to a new platform, signaling a move away from traditional IPO strategies. The firm now holds over 100,000 BTC and 50 tons of gold, a major shift from earlier concerns when just 76% of reserves were in cash.
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PumpFun plans to distribute protocol revenue to $PUMP holders through a buyback-based structure, diverging from the typical speculative memecoin model.
The platform played a key role in reviving the Solana ecosystem post-FTX, with TVL rising over $5bn by mid-2025.
Despite a $4bn valuation and a $1bn raise target, lack of clarity around revenue streams is raising questions about feasibility among the community members.
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Gemini has filed for an IPO in the U.S.
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Deutsche Bank is evaluating stablecoin options, including the possibility of issuing its own token or joining an industrywide initiative, according to Sabih Behzad, head of digital assets and currencies transformation. The bank is also exploring a tokenized deposit solution for payment use cases.
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The UK’s Financial Conduct Authority will lift its ban on crypto exchange-traded notes (cETNs) for retail investors, allowing them to be traded on FCA-recognized investment exchanges.
The move aims to boost the UK’s competitiveness in the digital asset sector while maintaining consumer protections under existing promotion rules.
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Metaplanet has issued 555m shares of moving-strike warrants, aiming to raise approximately $5.4bn for additional Bitcoin purchases.
This marks the largest stock acquisition rights issuance in Japanese capital markets history and the first time such a warrant has been issued above market price.
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Switzerland’s Federal Council has approved a plan to launch automatic information exchange on cryptoassets with 74 partner countries starting in 2026.
The first data exchange is scheduled for 2027, pending mutual interest and compliance with OECD standards.
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According to Galaxy Digital, most of the debt used to purchase Bitcoin matures between June 2027 and October 2028.
As of May 30, Strategy bears the highest quarterly interest burden at $17.5m, following a $2bn debt reissue maturing in March 2030.
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