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  • Spanish authorities arrest five people in $541M crypto fraud case
    by Turner Wright on June 30, 2025 at 9:42 pm

    Europol reported that the investigation was ongoing, but authorities had made five arrests connected to a scheme that defrauded more than 5,000 people. The European Union Agency for Law Enforcement Cooperation, or Europol, reported the arrest of five members of a “criminal network engaged in cryptocurrency investment fraud.”In a Monday notice, Europol said the Spanish Guardia Civil, with the support of its agency and law enforcement from the United States, France and Estonia, arrested five people allegedly involved in a scheme to defraud more than 5,000 investors out of 460 million euros, roughly $542 million at the time of publication. Authorities reported three arrests and searches on the Canary Islands, and two in Madrid on Wednesday. “To carry out their fraudulent activities, the leaders of the criminal network allegedly used a net of associates spread around the world to raise funds through cash withdrawals, bank transfers and crypto-transfers,” the notice reads.Read more

  • Bitcoin holds steady as major catalysts align for breakout above $110K
    by Marcel Pechman on June 30, 2025 at 9:16 pm

    Bitcoin could break past $110,000 as inflation pressures mount, equities rally, and passive capital flows grow on potential S&P 500 rebalancing events. Key takeaways:Bitcoin’s price could surge as investors shift from fixed income to risk-on assets like crypto.Inflation concerns and Strategy’s potential S&P 500 entry may boost Bitcoin’s momentum.Read more

  • Bitcoin ‘demand generation’ phase mirrors 2022 market bottom: Are new highs incoming?
    by Biraajmaan Tamuly on June 30, 2025 at 8:25 pm

    Onchain data points to a major Bitcoin price rally in the making, while short-term price weakness highlights the absence of “new” buyers. Key takeaways:Stablecoin inflow patterns mirror levels seen after the LUNA and FTX collapse. Pointing to fresh accumulation and the potential for a breakout rally.Bitcoin holds above $100,000, but new user activity is still low, indicating a “HODL” phase where holders are waiting for fresh demand to drive prices higher.Read more

  • US Supreme Court will not review IRS case involving Coinbase user data
    by Turner Wright on June 30, 2025 at 8:01 pm

    A lower court ruling will stand in a case involving a Coinbase user who filed a lawsuit against the IRS after the crypto exchange turned over transaction data. The United States Supreme Court has refused to hear a case involving a Coinbase user alleging violations of his Fourth Amendment rights over data sent to the Internal Revenue Service (IRS).In a Monday notice, the country’s top court denied a motion to review James Harper’s case against the IRS and several of its officials. The case stemmed from the IRS compelling Coinbase to turn over data from certain users in a “John Doe” summons, resulting in Harper filing a lawsuit against the federal tax collection agency in 2020.Harper’s initial complaint alleged that the IRS and its officials conducted an “unlawful search and seizure of [his] private financial information,” in violation of the Fourth Amendment of the US Constitution. Read more

  • First US staking ETF to launch Wednesday, giving investors exposure to Solana
    by Sam Bourgi on June 30, 2025 at 7:24 pm

    REX Shares will launch the first US staked crypto ETF this week, giving investors direct exposure to SOL with staking rewards. The first US staked cryptocurrency exchange-traded fund (ETF) will launch on Wednesday, allowing investors to hold Solana (SOL) and earn yield through staking.Two days after Cointelegraph reported that the REX-Osprey Solana and Staking ETF could launch imminently, issuer REX Shares confirmed on Monday that the fund is set to debut.As the name suggests, the REX-Osprey fund will give investors direct exposure to spot SOL along with staking income, potentially paving the way for broader institutional adoption of crypto.Read more