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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

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Telo News - Crypto | DeFi | Web3

The Android beta of Telegram now features a “My TON” tab, allowing users to top up their balance via Fragment and spend TON directly within the app.

Telegram Stars were also updated—they can now be withdrawn from regular accounts (not just channels and bots) after 21 days, straight to a TON wallet via Fragment.

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The U.S. Secretary of the Treasury Scott Bessent noted that current U.S. tariffs on Chinese goods are at 30%, while China imposes just 10% on American products.

He stressed that the U.S. doesn't aim to decouple from China and believes Beijing wants to act as a responsible partner.

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Tether CEO Paolo Ardoino revealed the company is reviewing the first design plan for the "Tether Tower" in El Salvador.

The company is backing initiatives related to mining, renewable energy, and financial infrastructure, signaling deepening collaboration with the Salvadoran government.

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Bhutan has quietly amassed 12k BTC (worth $1.3bn) of Bitcoin reserve since launching its mining initiative in 2020—equivalent to nearly 40% of its GDP—making it the third-largest state holder of Bitcoin.

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Mullen Automotive, an American automotive and electric vehicle manufacturer, announced it will now accept cryptocurrency, including Bitcoin and the TRUMP meme coin, for purchasing its Mullen and Bollinger commercial EVs.

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U.S. Senate Banking Committee Chair Tim Scott stated on June 26 that crypto market structure legislation will be finalized by September 30—pushed beyond President Trump’s August target but ahead of Senator Lummis’s year-end estimate.

He also urged the House to swiftly pass the Senate-approved GENIUS Act, which establishes a regulatory framework for stablecoins.

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Kraken has launched Krak, a new global money app that lets users send funds instantly across 110 countries using over 300 crypto, stablecoin, and fiat assets—without needing bank details or wallet addresses.

The app also offers yield-earning accounts, with up to 4.1% rewards on USDG balances and up to 10% on 20+ digital assets.

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SEC Commissioner Hester Peirce said in-kind redemptions for crypto ETFs are “certainly on the horizon,” responding to months of industry requests led by firms like BlackRock.

While she didn’t confirm a timeline, she acknowledged growing interest and noted that related filings are under review.

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According to some experts, the adoption of the GENIUS Act poses a serious threat to Tether’s dominance in the stablecoin market.

⚫️GENIUS requires 100% backing with liquid assets, annual audits, full reserve transparency, and U.S. registration
⚫️Tether holds reserves in volatile assets like Bitcoin and gold, with limited disclosure
⚫️Moving HQ to El Salvador likely won’t bypass U.S. regulations
⚫️Tether has promised audits since 2017 but hasn’t delivered
⚫️ Its only options: launch a U.S.-compliant stablecoin or focus on offshore markets

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The White House’s Deputy Director announced that the U.S. government has a “Bitcoin accumulation plan” to purchase BTC for its reserves.

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FHFA Director Bill Pulte has ordered Fannie Mae and Freddie Mac to incorporate cryptocurrency into mortgage asset evaluations, aligning with President Trump’s vision of making the U.S. the “crypto capital” of the world.

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Since the recent Israel-Iran conflict, Tether has frozen 112 wallet addresses holding nearly $700m USDT across Ethereum and TRON, with the top 40 all located on TRON—where Iranian trading platforms primarily operate.

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From June 27th, Barclays will block customers from using personal cards for any cryptocurrency transactions.

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Tether has become the second-largest shareholder in Juventus, acquiring a 10.7% stake valued at approximately €128m ($148,5m).

The company is now seeking a board seat and has indicated its intent to participate in future capital raises for the club.

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Turkey is introducing strict new crypto rules requiring platforms to collect detailed information on the source and purpose of each transaction, with mandatory descriptions and enforced withdrawal delays.

Stablecoin transfers will be capped at $3,000 daily and $50,000 monthly, as the country moves to align with global standards and combat financial crime.

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Corporations are accelerating their Bitcoin purchases, with the number of companies holding BTC rising from 85 at the end of 2024 to 134 by June 2025—a new record.

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The U.S. is building infrastructure for strategic Bitcoin reserves, according to White House digital asset adviser Bo Hines.

Hines said the government is “very inclined” to grow its BTC holdings in a budget-neutral way. While Trump’s March executive order doesn’t mandate disclosure, the Treasury may choose to publicly reveal existing reserves.

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Bit Digital raised $150m in a public offering to accelerate its shift from Bitcoin mining to Ethereum staking and financial services.

The company priced 75m shares at $2 each, with an option for 11.25m more. Proceeds will go toward purchasing ETH—one of the largest public Ethereum commitments to date.

Bit Digital is phasing out its mining business and has filed a confidential IPO for its HPC-focused subsidiary, WhiteFiber Inc.

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Russia has reported its first default on digital financial assets, as Novosibirsk-based car dealership Autocity failed to meet obligations on ₽200,000,000 (around $2.25m) in CFA bonds.

Investors were offered to swap their 20.5% yield assets for new ones at 18% with a 2028 maturity, citing “challenging economic conditions.”

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Trump may soon name a successor to Fed Chair Jerome Powell, signaling an early shift in U.S. monetary leadership.

⚫️Trump mentioned 3-4 possible candidates and criticized Powell’s leadership
⚫️Naming a successor early could weaken Powell’s influence and shape market expectations
⚫️Powell’s term ends May 15, 2026, but an announcement may come as early as this summer

Potential candidates:

⚫️Kevin Warsh (former Fed governor; advocate of looser monetary policy)
⚫️Kevin Hassett (NEC director; close to Trump and his former economic advisor)
⚫️Scott Bessent (current U.S. Treasury Secretary; possibly already a “shadow” candidate)
⚫️Others: David Malpass (former World Bank president) and Christopher Waller (current Fed governor)

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The court has once again rejected a joint request from Ripple and the SEC for a partial review of the final ruling to close the case.

The SEC is seeking to reduce Ripple’s penalty from $125m to $50m and lift all judicial restrictions.

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💡💡💡
The U.S. announced that the QoQ GDP contracted by 0.5% annualized, more than the expected -0.2%.

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The U.S. dollar has dropped 10.15% year to date, marking its worst first-half performance since the 1980s as confidence in fiat fades and capital flows into other assets including crypto.

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Bitcoin balances on exchanges have dropped to historic lows, signaling a major liquidity squeeze. More BTC is being held by long-term holders and ETFs, leaving less available for open market trading.

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Prediction market platform Kalshi is raising over $100m at a valuation above $1bn, with the round led by crypto-focused firm Paradigm.

Unlike competitor Polymarket, Kalshi is federally regulated and accessible to U.S. users, marking a key distinction in the growing prediction market space.

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Kraken, the second-largest crypto exchange in the U.S., has secured a MiCA license from the Central Bank of Ireland, allowing it to offer regulated crypto services across all 30 EU member states.

This follows its e-money license in 2023 and MiFID authorization in February 2025, marking a major step in Kraken’s European compliance strategy.

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Tether CEO Paolo Ardoino said the company aims to become the world’s largest Bitcoin miner by the end of 2025, emphasizing that mining is a strategic move to secure its $10bn+ BTC holdings.

Tether has already invested over $2bn into mining and energy infrastructure across Latin America, though its current hashrate remains undisclosed.

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The Bank for International Settlements (BIS) says stablecoins fail key monetary tests and are unfit as the basis of a financial system.

BIS flagged issues with unity (issuer-dependent pricing), elasticity (require 100% pre-funding), and integrity (inconsistent KYC/AML).

It also warned stablecoins may undermine state monetary sovereignty and facilitate financial crimes—despite their benefits in programmability, user access, and fast, low-cost transfers.

Circle shares dropped 15% after the report.

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Polymarket, the largest prediction market platform globally, is close to securing over $200m in a new funding round. The deal would value the company at more than $1bn.

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Japan’s Financial Services Agency has proposed bringing crypto assets under the Financial Instruments and Exchange Act, potentially enabling Bitcoin ETFs.

If approved, the move would also lower the tax on crypto gains to a flat 20% from the current progressive rate of up to 55%.

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