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- Circle applies for US trust bank charter to manage its USDC reserveby Stephen Katte on July 1, 2025 at 2:42 am
Other crypto firms are also reportedly considering applying for a national bank charter, following in the footsteps of Anchorage Digital Bank, which received a license in 2021. Stablecoin issuer Circle has applied to establish a national trust bank in the United States that, among other duties, would oversee the firm’s USDC reserve on behalf of its US issuer. If the application is approved by the US Office of the Comptroller of the Currency (OCC), Circle’s First National Digital Currency Bank would be authorized to operate as a federally regulated trust institution, Circle said in a statement on Monday.Circles Digital Bank also hopes to strengthen the infrastructure that “supports the issuance and circulation” of USDC (USDC) and offer digital asset custody services to institutional customers, the stablecoin issuer added. Read more
- SOL price rallies to $161 after ETF news, but is the rally sustainable?by Marcel Pechman on June 30, 2025 at 11:15 pm
Solana’s ETF launch sparks a brief rally, but fundamentals and institutional demand remain weak amid competition. Key takeaways:The Solana ETF launch with staking drew initial excitement, but institutional demand remains muted.Ongoing SOL unlocks, DApp sell-offs, and low network activity weigh against a sustained price rally.Read more
- ETH trading pattern points to 100% rally to $5,000: What are the odds?by Biraajmaan Tamuly on June 30, 2025 at 10:15 pm
Ether price enters the most bullish phase of a powerful trading pattern, but bearish headwinds could stall the rally in the short-term. Key takeaways:Ether’s chart shows a “Power of 3” setup, with a price target above $5,000.Spot ETH ETFs recorded net inflows of 106,000 Ether last week, marking the seventh consecutive week of positive inflows.Read more
- Here’s what happened in crypto todayby Cointelegraph on June 30, 2025 at 10:02 pm
Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation. Today in crypto: The United States is set to debut its first exchange-traded fund offering crypto staking, Kazakhstan’s central bank announced plans for a state-run crypto reserve, and Metaplanet has become the fifth-largest corporate Bitcoin holder following a $108 million BTC purchase.The first US staked cryptocurrency exchange-traded fund (ETF) will launch on Wednesday, allowing investors to hold Solana (SOLANA) 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.Read more
- Spanish authorities arrest five people in $541M crypto fraud caseby 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
