Crypto News
DOGE, ADA Nosedive 7% as Crypto Traders Digest ‘Recession’ Sentiment
Dogecoin DOGE and Cardano's ADA ADA led the declines on Friday as crypto traders digested mixed macro data and recession concerns sparked by an escalating feud between President Donald Trump and tech titan Elon Musk. DOGE tumbled nearly 7% in 24 hours, while ADA slid 6.5% to reflect a risk-off shift among crypto traders. Bitcoin BTC bounced above $102,000 in Asian morning hours after falling to near $101,000 on Thursday night, with ether ETH, XRP XRP, BNB Chain’s BNB BNB and Solana’s SOL SOL down between 2%-5%.The spat between Musk and Trump rattled confidence, with Musk warning that the U.S. is likely headed for a technical recession this year — a concern that weighed heavily on speculative assets.“The quarrels between...
Moscow Exchange Opens Bitcoin Futures to Select Investors
Russia is entering the cryptocurrency derivatives market, as the Moscow Stock Exchange kicked off bitcoin futures trading on June 4, limited exclusively to “highly qualified” investors. This move comes as Russia cautiously experiments with crypto-related financial instruments, amid ongoing regulatory uncertainty. These new contracts are linked to Blackrock’s bitcoin exchange-traded fund (ETF), the Ishares BitcoinSource link
OpenAI Challenges Court Order to Preserve User Data in NYT Lawsuit
The AI firm said the order to retain deleted ChatGPT chats undermines user privacy as legal its battle escalates.Source link
DOJ Seizes $7.74M in Crypto Tied to North Korean Tech Ring
North Korea’s sprawling crypto laundering network has been hammered as U.S. authorities seized $7.74 million tied to fake IT jobs, blockchain trickery, and weapons funding. DOJ Targets North Korea’s Crypto Laundering Network With Asset Seizure The U.S. Department of Justice (DOJ) announced on June 5 that it has filed a civil forfeiture complaint seeking toSource link
Uber Once Again Says It’s Considering Crypto Years After Mulling BTC Payments
Uber CEO Dara Khosrowshahi said the ride-hailing giant is exploring the use of crypto as a payment method, which marks the third time the company has made the claim since 2021.Speaking Thursday at the Bloomberg Tech conference in San Francisco, Khosrowshahi said the company is in the “study phase” of evaluating stablecoins for operational use.“I think stablecoins are one of the more interesting instantiations of crypto that have a practical benefit beyond being a store of value,” Khosrowshahi said.Uber was an early member of the Diem Association (formerly Libra), joining in 2019 to support Meta’s now-defunct stablecoin initiative aimed at reshaping global payments.“You can have your opinions on Bitcoin, it’s a proven commodity, and people differ on where it’s going....