President Donald Trump's federal financial disclosure released Tuesday shows he took in nearly $1.2 billion from crypto businesses last year and holds more than $50 million in self-custodied Bitcoin in cold storage — with the crypto revenue eclipsing much of the property portfolio built over decades and with more than $500 million tied to the World Liberty Financial venture co-founded with his sons.
The UK Financial Conduct Authority published its final crypto rulebook Tuesday — covering capital, stress-testing and market-abuse standards for crypto firms while easing some stablecoin rules — with the mandatory regime coming into force in late 2027; the framework represents the most comprehensive UK crypto regulation to date and is explicitly framed as positioning the UK as a 'global hub' for the sector.
Senators John Curtis and Adam Schiff led a bipartisan call for the Commodity Futures Trading Commission to investigate Polymarket over alleged deceptive marketing on Friday, citing the Wall Street Journal probe that found $1.9 million in 1,100+ creator videos depicting fake winning bets; the senators expressed concern about the CFTC's enforcement ability after the 'troubling' report.
Strategy CEO Michael Saylor took to X Friday to defend the company's long-term Bitcoin-focused strategy after MSTR common shares and its STRC preferred shares hit new 52-week lows, with STRC trading 25% below par; Ripple CEO Brad Garlinghouse said Saylor 'has hurt' the crypto market, telling outlets that 'financial engineering does not drive long-term value' — escalating the public dispute over the digital-credit-treasury model.
Prediction-market platform Kalshi sued Illinois officials including Governor JB Pritzker on Tuesday over a state law signed as part of the budget package that imposes a 15% tax on gross receipts from sports-related prediction markets — set to take effect July 1; Kalshi argues the law would cause it to be 'irreparably harmed', testing the state-level regulatory frontier as Schwab, Meta and incumbent platforms scale into the segment.
Meta is developing a prediction market app called 'Arena' under direct order from CEO Mark Zuckerberg, the New York Times reported — with the platform designed to operate independently of Meta's existing apps and use a points-based wagering system rather than real money; the move would put Meta into direct competition with Polymarket and Kalshi during the sector's mainstream-coverage boom.
President Donald Trump signed executive orders aimed at accelerating US quantum-computing development and post-quantum cryptography upgrades, vowing to 'invest in American quantum leadership like never before'; the orders pair an offensive quantum-computer-build mandate with a defensive encryption-upgrade track, with the crypto community watching for implications on bitcoin's elliptic-curve signature scheme.
Michael Saylor's Strategy bought 520 bitcoin last week for $35 million — increasing holdings to 847,363 BTC — while raising its USD Reserve by $335 million to $1.4 billion via $335.5 million in MSTR share sales; the moves come days after the digital-credit selloff that drove Strategy's STRC preferred shares below par, signalling Saylor is continuing equity-funded accumulation despite the preferred-share stress.
A Wall Street Journal investigation found Polymarket paid creators to film more than 1,100 hype videos showing roughly $1.9 million in winning bets — none of which were real — with many of the videos shot on 'near-perfect copies' of the Polymarket website featuring fabricated trades and winnings; the disclosure exposes a paid-influencer growth-marketing scheme at the prediction-market platform that has built its mainstream profile around viral winner-clip content.
Franklin Templeton — a $1.78 trillion asset manager — filed two ETF proposals with the SEC on June 18 that would hold US equities while automatically redirecting corporate dividend payouts into Bitcoin-linked assets; the Franklin US Equity Bitcoin DRIP Index ETF and Franklin US Innovation Bitcoin DRIP Index ETF blend dividend-reinvestment mechanics with rules-based BTC accumulation.
The 'digital credit' market — preferred-share offerings from Bitcoin treasury companies — was hit by a record selloff Friday as Strive CEO Matt Cole blamed unwinding leveraged positions for plunges in Strategy's STRC and the SATA token; CryptoSlate framed the move as Bitcoin's digital-credit yield trade 'breaking below par' under $10 billion of margin pressure, marking a stress test for the rapidly-grown BTC-treasury preferred-equity asset class.
The Commodity Futures Trading Commission on Thursday imposed a permanent trading ban on Alex Mashinsky in a settlement that closes the regulator's case against the convicted Celsius Network founder; the settlement bars Mashinsky from trading in CFTC markets or registering with the regulator — adding a civil-side bar to the 12-year prison sentence he received last year for fraud.
Michael Saylor's Strategy bought 1,587 bitcoin for approximately $100 million between June 8 and June 14 at an average price of $63,024 per coin, increasing total holdings to 846,842 BTC — roughly 4% of bitcoin's eventual total supply; the company simultaneously raised $209m via at-the-market stock sales and lifted its USD reserve $100m to $1.1bn to fund preferred-share dividends and debt interest.
World Liberty Financial — the Trump family crypto venture — served as presenting partner of a $250,000 fighter performance bonus pool at Sunday's UFC Freedom 250 White House lawn event, with the bonuses paid in USD1 stablecoin across all seven matches; the deployment lands months after a $75 million DeFi borrowing controversy and amid the venture's federal banking license bid.
A Second Circuit Court of Appeals panel on Friday rejected Sam Bankman-Fried's bid to overturn his FTX-fraud conviction, ruling the trial-fairness arguments unpersuasive 'in the face of a trial at which the government's evidence against him was, conservatively stated, robust'; the decision keeps the FTX founder's 25-year prison sentence in place and closes one of his final viable post-conviction avenues.
Sam Bankman-Fried, serving a 25-year sentence for the FTX fraud, officially filed a clemency petition with the White House on Monday seeking a presidential pardon from Trump — even after the president had previously told him not to count on one.
Strategy's late-May 8-K filing shows the firm sold 32 BTC at an average $77,135 to fund preferred-stock dividends, breaking from its 'never sell' stance as Bitcoin slid to $72,000.
JPMorgan chief Jamie Dimon said the bank would fight the crypto market-structure Clarity Act and attacked Coinbase chief Brian Armstrong's support for it, sharpening a Wall Street–crypto clash over the bill.
JPMorgan CEO Jamie Dimon blasted Coinbase CEO Brian Armstrong over the CLARITY Act's stablecoin-rewards provision, warning 'the banks will not accept it' as the bank-versus-crypto lobbying fight enters its public phase.
CNBC report says Musk has discussed combining the two companies; their joint 30,221 BTC stash would be worth about $3.3bn, behind only Strategy, Twenty One Capital, Mallers's firm and one other.
Donald Trump said it is 'critically important' for the CFTC to retain 'exclusive authority' over prediction markets and attacked state officials suing platforms like Kalshi and Polymarket as 'scum,' siding with CFTC Chair Michael Selig's federal-pre-emption push.
British financial institutions are barred from dealing with HTX and may have to freeze on-chain transactions that passed through it; foreign secretary Yvette Cooper says Kremlin cannot 'hide behind crypto networks'.
Vitalik Buterin defended the Ethereum Foundation as 'one node' rather than the center of the ecosystem, pushed back at critics calling for ETH price support, and said the EF will sell less ETH amid researcher departures.
Executive order titled 'Integrating Financial Technology Innovation into Regulatory Frameworks' gives regulators three months to audit barriers and six months to act.
In a Monday blog post, Ethereum's co-founder argued AI-assisted formal verification of code could be 'far more secure than the way programming has been done before.'
An 8-K filing shows Strategy acquired 24,869 BTC for $2.01bn between May 11 and 17, funded almost entirely by STRC preferred-stock sales.
Strategy's chairman ran a weekend campaign for proxy votes ahead of a June 8 deadline while flagging a likely BTC purchase this week.
The bipartisan leaders of the House Agriculture Committee asked Trump to nominate a full panel of CFTC commissioners, citing the rulemaking the CLARITY Act would require.
Strategy entered an agreement Friday to retire $1.5bn of its 2029 convertible notes for about $1.38bn, listing bitcoin sales among the funding options as it pares an $8.2bn debt stack.
The Digital Asset Market CLARITY Act advanced Thursday on a bipartisan vote, sending the crypto market-structure bill toward a full Senate floor test after a contentious markup.
Coinbase CEO Brian Armstrong publicly backed the CLARITY Act before a Thursday Senate Banking Committee markup, calling the digital-asset market-structure bill the closest crypto has come to comprehensive US rules.
Treasury firm adds 535 BTC after last week's pause; Saylor says Strategy will buy 30 BTC for every one sold.
Michael Saylor's Strategy purchased 535 bitcoin for $43 million, lifting total holdings to 818,869 BTC and pairing the buy with his framing that the firm would acquire 10 to 20 coins for every one it sells.
