MOVE rallied for the second straight day, supported by continued token buybacks by the Movement Network Foundation. According to data from crypto.news Movement (MOVE), the native token of the modular Layer-2 blockchain ecosystem, surged over 35% on June 26 to reach an intraday high of $0.199 during afternoon Asian trading hours. The rally pushed its…
Hong Kong is stepping up its digital asset push with a new policy roadmap designed to scale innovation, regulation, and adoption. On June 26, the Hong Kong government issued Policy Statement 2.0 on the Development of Digital Assets, outlining the next phase of its regulatory strategy. The update, which builds on the framework initially introduced…
An attacker manipulated token prices to distort exchange rates and drain about $9.5 million from decentralized stablecoin protocol Resupply. The exploit was first flagged on June 25 by security platform BlockSec Phalcon, which detected a suspicious transaction leading to a $9.5 million loss. Resupply protocol confirmed the incident on X shortly after, claiming that the…
Australian Securities and Investments Commission appoints former central bank deputy governor to a three-member expert panel to investigate the ASX’s failed blockchain project worth over $160 million. According to a recent report by Reuters, one of the members of the three-member expert panel is former central bank deputy governor Guy Debelle. The panel is tasked…
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. The world of finance is no longer bound by borders, nor by a single chain. As blockchain technologies mature and financial institutions navigate this new digital era, a multichain future is becoming…
Tokyo-based Metaplanet Inc. is doubling down on its Bitcoin strategy, adding another major chunk to its fast-growing treasury. According to an official disclosure on June 26, Metaplanet has purchased an additional 1,234 BTC (BTC). The latest purchase was valued at approximately $133 million, pushing its total holdings to 12,345 BTC. The latest acquisition comes just…
A lawsuit filed in New York has accused Citibank of negligence after one of the bank’s customers lost $20 million to a crypto romance scam. Plaintiff Michael Zidell, who filed the complaint on June 24, is seeking compensatory damages and legal costs. Zidell alleges the bank failed to detect and act on suspicious wire transfers…
CESS, the native token of DePIN-based storage blockchain CESS Network, will be listed on multiple major centralized exchanges, including Binance Alpha, KuCoin, and Bitget. According to an official X announcement, Binance Alpha will be the first exchange platform to list the token later today. The exact time of the listing is yet to be announced….
Invesco and Galaxy have become the ninth issuer to file for a spot Solana ETF with the U.S. Securities and Exchange Commission. According to a June 26 filing, Invesco and Galaxy’s proposed fund will offer direct exposure to Solana (SOL), the sixth-largest cryptocurrency by market capitalization. Following the precedent set by Bitcoin and Ethereum ETFs,…
Sky Protocol’s decentralized finance network has launched a new institutional-grade credit protocol with a $1 billion investment into tokenized credit. Grove, a DeFi credit infrastructure developed as part of the Sky (SKY) ecosystem, was announced in a press release on June 25. At launch, the Sky ecosystem allocated $1 billion to Grove for investments in…
