Bloomingbit Newsroom

Bank of Japan Raises Benchmark Rate by 25 Basis Points to 1%, Highest in 31 Years

Morpho Raises $175 Million in One of Crypto’s Largest Funding Rounds

Morpho, a crypto lending protocol, has raised $175 million in a funding round, marking one of the largest financings in the sector. On June 13, Morpho said on its website that the round was co-led by Paradigm, a16z crypto and Ribbit Capital. Apollo F

Bitdeer Mines 194.4 Bitcoin This Week, Sells Entire Amount

Bitcoin miner Bitdeer released its Bitcoin mining update for the week. On June 13, Bitdeer wrote on X, formerly Twitter, that it mined 194.4 Bitcoin this week. It later sold the entire amount, keeping its Bitcoin holdings at zero.

CFTC Sues New Mexico as Sports Prediction Market Dispute Spreads

The US Commodity Futures Trading Commission has sued New Mexico in a widening dispute over who regulates sports prediction markets. The Block reported on June 12 that the CFTC filed suit in federal court in New Mexico against state officials, includi

Bitcoin Whales Sold 70,000 Tokens Over the Past Month

Large Bitcoin holders, known as whales, may be one factor behind the cryptocurrency’s recent weakness. Crypto analyst Ali Martinez wrote on X on June 13 that whales had sold more than 70,000 Bitcoin into the market over the past month. He said that c

Coinbase Advisory Group Says Bitcoin Should Start Preparing for Quantum Threats, Stops Short of Backing Early-Coin Freeze

Bitcoin should begin technical preparations now against potential future attacks from quantum computers, according to a new recommendation. CoinDesk reported on June 13 that a cryptography advisory council convened by Coinbase said in a report that q

US House Lawmakers Introduce Bill to Create Federal Crypto Theft Task Force

Legislation to create a government-wide task force dedicated to cryptocurrency theft has been introduced in the US House of Representatives. CoinDesk reported on June 11 that Representative Lance Gooden, a Republican, and Representative Josh Gottheim

US Charges, Arrests Two in $389.74 Million Crypto Laundering Scheme

US authorities have charged two men with operating a cryptocurrency money-laundering service. The US Attorney’s Office for the Eastern District of Pennsylvania said June 11 that two Georgia residents were charged with conspiracy to commit money laund

US May Producer Prices Rise 1.1% From Previous Month, Exceed Forecasts

Trade Finance Needs Integrated Blockchain, AI Infrastructure, Forbes Contributor Says

The global trade finance industry needs an integrated platform built on blockchain and artificial intelligence to overcome the limits of existing financial infrastructure, according to a Forbes contributor. Forbes reported on June 11 that Milan Gupta

AI Pay With Crypto Raises $10 Million in Strategic Round Led by Animoca Brands and Others

AI-based crypto payments platform AI Pay With Crypto said on June 11 that it had secured strategic investment from Animoca Brands and other investors. Participants in the round included Animoca Brands, Titans Ventures, Castrum Istanbul, Adaverse and

DBS to Launch Retail Gold Token Backed by 1 Gram of Bullion Each

DBS Group Holdings Ltd., Singapore’s largest bank, plans to launch a physical gold-backed tokenized product for retail investors. CoinDesk reported on June 11 that DBS aims to roll out DBS Physical Gold Tokens in the second half of 2026. DBS will dir

Woori Bank to Develop Digital Wallet for Foreign Visitors, Pilot Stablecoin Payments

Woori Bank is partnering with fintech startup CrossHub to develop a digital wallet for foreign visitors to South Korea. The companies also plan to test domestic payment services using foreign currency-based stablecoins. Woori Bank said June 11 that i

Ethereum Spot ETFs Draw $68.2 Million in Net Inflows

Ethereum spot exchange-traded funds recorded net inflows on June 8. Data compiled by Trader T showed spot Ethereum ETFs posted total net inflows of $68.2 million. Fidelity's FETH and BlackRock's ETHB led the gains with net inflows of $28.57 million a

Humanity Founder Says Foundation Member’s Private Key Was Stolen, Urges Users to Avoid Bridge

Humanity said it had confirmed that a foundation member’s private key was stolen in a hacking incident earlier on June 9. Humanity Protocol co-founder Terence Kwok wrote on X that the project had identified a security breach involving the theft of a

From Forehead Tattoos to Binge Drinking, Criticism Mounts Over Pump.fun Rewards Program

Pump.fun’s new rewards service is facing criticism as users take on increasingly extreme missions to promote their meme coins. CoinDesk reported on June 9 that a Pump.fun user known as Arivu recently took part in the platform’s “Pump.fun GO” rewards

Michael Saylor Signals Another Bitcoin Purchase, Calling It ‘A Good Time to Add More Dots’

Strategy Chairman Michael Saylor shared a chart of the company’s Bitcoin holdings on his X account on June 7, writing, “A good time to add more dots.” Strategy is considered the world’s largest corporate holder of Bitcoin. Saylor has repeatedly poste

DRW, Wintermute Join Rush Into Prediction Markets as Institutional Capital Pours In

Large quant trading firms are moving into prediction markets such as Polymarket and Kalshi. CoinDesk reported on June 6 that DRW has started building a dedicated trading desk for prediction markets. Crypto market maker Wintermute and IMC are also hir

Saylor Says AI, SpaceX Fundraising Pulled Capital Away, but Bitcoin Outlook Stays Bright

Michael Saylor, executive chairman of Strategy, said Bitcoin's recent price correction was driven by capital shifting into artificial intelligence companies and potential mega-listings such as SpaceX. In a video released on June 6, Saylor said market

ZachXBT Blasts Arthur Hayes, Says Followers Were Used as Exit Liquidity

Prominent on-chain investigator ZachXBT launched a sharp public criticism of BitMEX co-founder Arthur Hayes over his trading behavior. In a post on X on June 6, ZachXBT asked Hayes how much "exit liquidity" he had secured from followers over the past

Engineer Who Found Critical Zcash Flaw Adds Monero to Audit List

Security engineer Taylor Hornby, who discovered a critical vulnerability in cryptocurrency Zcash, has added Monero to his audit list. CoinDesk reported on June 6 that Hornby replied on X, formerly Twitter, to a question about whether he planned to ex

Coinbase CEO Says Bitcoin Drop Doesn’t Mean Broader Crypto Market Slump

Bitcoin’s recent decline hasn’t halted growth across the broader digital-asset industry, Coinbase Chief Executive Officer Brian Armstrong said. Writing on X, formerly Twitter, on June 6, Armstrong said many people still assume the entire crypto marke

Analysis: Bitcoin’s $53,900 Level May Offer a Buying Opportunity

Bitcoin, the largest cryptocurrency by market value, has continued to pull back near the $60,000 level, and a deeper decline could open a favorable buying zone for long-term investors, according to market analysis. Crypto analyst Ali Martinez wrote o

Huasheng Securities Joins Futu, Tiger in Restricting Mainland China Clients

Huasheng Securities, a platform for cryptocurrency and overseas stock investing, is scaling back services for clients in mainland China as Chinese authorities widen a crackdown on offshore brokerages. The move follows Futu, Tiger Brokers and Longbrid

Bitcoin Falls Below $61,000

Morgan Stanley, Galaxy to Help Wealthy Clients Convert Crypto Holdings Into Spot ETFs

Morgan Stanley is teaming up with Galaxy Digital to offer high-net-worth clients a service that converts cryptocurrency holdings into spot exchange-traded funds. BlockBeats reported on June 5, citing Barron's, that Morgan Stanley's wealth management

SpaceX IPO to Restrict Orders From China, Hong Kong Investors Under US Security Rules

Investors in China and Hong Kong are set to be restricted from subscribing to shares in SpaceX's planned initial public offering, Bloomberg reported, as Elon Musk's space company moves toward an IPO. Banks leading the offering have told members of th

Forward Industries Transfers $31.9 Million of Solana to Coinbase Prime, Raising Sale Concerns

Forward Industries, which uses Solana as its primary treasury asset, transferred about $31.9 million worth of the token to Coinbase Prime. Cointelegraph reported on June 5 that the company deposited 455,784 Solana into Coinbase Prime, Coinbase's inst

Lorenzo Protocol Mints 52.5 Billion Tokens in One Hour; BANK Slides 19%

Concerns over a sudden surge in supply emerged after Lorenzo Protocol (BANK) minted an additional 52.5 billion tokens in about an hour. Crypto on-chain analyst ElonKely wrote on X, formerly Twitter, on June 5 that a total of 52.5 billion Lorenzo Prot

Bitcoin May Fall Below February Low, With $54,000 as Last Major Support

Bitcoin, the largest cryptocurrency, could drop below its February low as the token remains under heavy pressure, according to a report by crypto analyst Axel Adler Jr. In the June 5 report, Adler wrote that Bitcoin is retesting its February low near