News

On June 3, the Committee on Industry, Research and Energy (ITRE), that hotbed of intellectual activity, adopted a non-binding report on digital infrastructure. The crux of the report? Europe must “catch up” to the US and China. You know, no big deal. Apparently, this is all about lifting the barriers on private investment, promoting energy-efficient computing (how very 21st century), and safeguarding privacy in digital finance. You can almost hear the applause from Silicon Valley, can’t you?

Total crypto-collateralized lending dipped 4.9% quarter-over-quarter to $39.07 billion—apparently, the crypto thirst for borrowing is not eternal, at least not without a break. Galaxy Research’s Q1 2025 report shows it’s a gentle contraction, not a collapse. But let’s face it, even the strongest soap bubbles eventually pop. 🫧

“I know some are worried about the bitcoin treasury companies and their debt becoming a problem, but for now, we think those fears are overblown.” — Alex Thorn, presumably holding a crystal ball that’s actually just a very shiny pebble.

Key insights:

This program, called “Stabilize Families” — because nothing says stability like a random cash splash — is backed by this nonprofit… RISE Together or whatever, and the Community Shelter Board. Basically, they’re saying, “Here, take $1,500 once,” while simultaneously throwing $500 a month at 20 families for almost a year. Because nothing screams long-term solution like a temporary handout, right? 🤦‍♂️

In the bustling streets of Hong Kong, where the neon lights flicker like the heartbeat of the city, the financial regulators have made a move. They’re leaning into the wild, unpredictable world of Bitcoin and crypto derivatives, aiming to legalize their dance. It’s like inviting the fox into the henhouse, hoping it’s there to help … Read more

As per mempool.space’s esoteric scrolls, this triumph was etched in the early hours—at precisely 3:48 a.m. UTC on June 5, when the cosmos conspired to include 3,680 transactions into the block. The miner, a lone wolf working under the alias Solo CK, scooped up 3.125 BTC plus a tip jar of 0.026 BTC in fees—like a fisherman who pulled in not just a fish, but the entire ocean’s bounty. 🎣

So, there’s this big fancy thing called the Digital Asset Market Structure bill—or as insiders call it, the CLARITY Act. Basically, a shiny new rulebook for crypto, but everyone’s debating if it’s just a free pass for the rich and powerful. Representative Maxine Waters is shouting from the rooftops, warning it might open can of worms for securities firms—yay regulations! Or maybe just more loopholes for billionaires to sneak through. 🙄

French authorities believe Bajjou played the nefarious conductor in a symphony of violence—kidnappings of crypto entrepreneurs, the wealthy, and even the elderly! Imagine kidnapping Granny for some sweet cryptocurrency ransom—quite the modern fairy tale, isn’t it? Some antics date back to July 2023, when the summer heat was probably not enough for such chaos. ☀️💥

Coinbase’s new regional rulers are expected to act as the local diplomats of the blockchain realm, bridging the gap between Base’s ambitions and the hopes of local crypto enthusiasts. The team openly admits to a teetering ambition for expansion, still hunting for talent in Germany, Indonesia, Mexico, Turkey, the UAE, and—my personal favorite—the U.S. of A., because why not? This hefty push isn’t unique, of course; after all, the crypto industry is increasingly fond of decentralization—of the hype, that is, not the actual process.