South Korean police opened the country’s first illegal gambling probe into domestic Polymarket users on Jun. 5, targeting residents who placed bets on the Jun. 3 local election outcomes.The Gangwon Provincial Police Agency is leading the investigation at the request of the National Police Agency, tracing cryptocurrency transaction records to identify users nationwide.Those identified face potential fines of up to 10 million won ($6,500) under Article 246 of the Criminal Act. Polymarket’s resolved 2026 Seoul mayoral election market alone showed a total volume of $52.2 million, putting activity well into the tens of billions of won across Korean election markets.South…
Author: cryphedge
While most of the crypto market has been under pressure, one little-known token has been climbing sharply, and a single buyer appears to be behind the move. According to the on-chain update from Lookonchain, a mysterious wallet withdrew $25 million in USDT from Bybit and has been aggressively accumulating $币安人生. Since June 1, the whale has spent $20.33 million USDT to buy 29.72 million tokens at an average price of $0.684. The wallet still holds $4.69 million USDT, suggesting more buying could follow. The token’s divergence from the market trend resembles patterns seen with tokens like SUI that recently surged…
The post ZachXBT Raises Concerns Over JuCoin Withdrawals and Reported Reserves appeared first on Coinpedia Fintech News Crypto investigator ZachXBT said multiple users have reported withdrawal issues on JuCoin over the past week, raising concerns about the exchange’s operations. He also questioned JuCoin’s claimed $511 million in reserves, alleging that most are made up of USDC and USDT issued on its own JuChain without transparent backing. ZachXBT further highlighted a $20 million …
The CLARITY Act, the crypto industry’s biggest bill in Congress, is losing momentum just weeks after clearing a key Senate committee, raising the risk that Washington’s first major digital asset rulebook slips deeper into an election year.Galaxy Digital lowered its estimate that the CLARITY Act will become law in 2026 to 60% from 75%, citing a shrinking Senate calendar and little visible progress on unresolved fights over ethics and illicit finance.Notably, JPMorgan analysts issued a similar warning this week, saying the legislative window has narrowed as lawmakers move closer to the midterm elections.The downgrade marks a reversal for a bill…
Author Ahmed Barakat Author Ahmed Barakat Part of the Team Since Aug 2025 About Author Ahmed Balaha is a journalist and copywriter based in Georgia with a growing focus on blockchain technology, DeFi, AI, privacy, digital assets, and fintech innovation. Share Fact Checked by CryptoNews Editorial Team Author CryptoNews Editorial Team Part of the Team Since Sep 2018 About Author The CryptoNews editorial team is composed of seasoned writers specializing in cryptocurrency and blockchain technology. Their expertise ensures comprehensive, accurate, and insightful content for… Last updated: June 7, 2026 The two macro events that will define Bitcoin’s second-half trajectory land…
DUBAI, UAE, June 7, 2026 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, today announced the launch of Bybit IPO Express, becoming one of the first centralized crypto exchanges globally to offer tokenized IPO (initial public offerings) at the offering price. Powered by Payward Services’ xStocks, eligible retail investors worldwide can now participate in blockbuster IPO projects by subscribing to tokenized representations of publicly traded equities, starting with SpaceX as the inaugural offering. The launch marks a fundamental step in the convergence of traditional capital markets and crypto-native infrastructure, as exchanges increasingly compete to expand beyond digital asset…
Tether International, Twenty One Capital’s controlling shareholder, has announced a key development for governance. Particularly, Tether has officially appointed an autonomous director for Twenty One Capital to strengthen governance. As Tether revealed in its official press release, the development fills the vacancy in the audit committee of Twenty One Capital following the recent changes. Additionally, the move also guarantees regulatory compliance. Tether Boosts Twenty One Capital’s Audit Committee with Independent Director Appointment Tether International’s appointment of an independent director to the board of Twenty One Capital is set to bolster governance and compliance. The appointment again makes the audit committee…
Bitcoin fell below the $60,000 mark on Friday, June 5, 2026, recording its lowest level since the beginning of 2026 as a selloff wave spread across the crypto market. Downward pressure came from a record streak of outflows from US spot Bitcoin ETFs, a repricing of Fed interest rate expectations following a stronger-than-expected jobs report, and a wave of mass liquidations of leveraged positions.Market SnapshotBitcoin at one point dropped to the $59,100 zone, breaking the $60,000 psychological threshold for the first time since late 2024, according to CoinGecko data. Before slightly recovering, BTC had fallen nearly 20% in just one…
Morgan Stanley Wealth Management has launched a new referral arrangement with Galaxy Digital that allows eligible clients to lend cryptocurrency directly in exchange for shares of spot crypto exchange-traded products (ETPs) — bypassing the conventional cash liquidation route and, in doing so, potentially avoiding a taxable disposal event. The deal marks one of the most institutionally significant steps yet in the ongoing convergence of traditional wealth management and digital asset infrastructure.The Mechanics of the DealUnder the arrangement, clients can lend cryptocurrencies such as Bitcoin, Ether, and Solana to Galaxy Digital and, in return, receive shares of spot crypto ETPs, including…
The crypto sector is getting ready for a week full of huge token unlocks, igniting speculations among investors. The market is going to witness a cumulative $938 million worth of token unlocks from June 8 to June 14. As per the data from DefiLlama, Tokenomist, and CryptoRank.io, Rain ($RAIN), Aster ($ASTER), and DeFi.app ($HOME) are the leading among the upcoming token unlocks. The market onlookers are keenly observing the respective events as they often lead to significant volatility. Keeping in view the ongoing crash in the market, new unlocked coins are going to further pressure altcoins prices. $RAIN on Top…
