Author: Crypto Editor

Briefly Robinhood is letting go of 10% of its workers, CEO and co-founder Vlad Tenev informed the corporate Tuesday. In April, the corporate indicated income from crypto transactions had fallen 34% sequentially to $134 million from $221 million. On the finish of final 12 months, the retail brokerage had round 2,900 full-time workers. Robinhood disclosed on Tuesday that it’s letting go of 10% of its workers, trying to streamline operations amid a extreme downturn in crypto-related income.The corporate is lowering its headcount alongside efforts to flatten its organizational construction and assist “a lean, hyper-focused crew,” CEO Vlad Tenev informed workers,…

Bitcoin (BTC) dropped again to $66,000 after Tuesday’s Wall Avenue open as shares locked in recent positive factors.Key factors:Bitcoin cools its rebound, whilst inventory proceed increased on US-Iran peace plans.Oil costs hit their lowest ranges in three months, however crypto struggles to leverage the tailwinds.BTC worth takes nonetheless see $70,000 because the restrict for the present push increased.BTC worth dips with oil as shares head out in entranceKnowledge from TradingView confirmed BTC worth motion coming off its highest ranges in practically two weeks.BTC/USD one-hour chart. Supply: Cointelegraph/TradingViewHopes {that a} US-Iran peace deal would go forward saved equities bullish, with the…

Coinbase (COIN) stated it plans to introduce tokenized shares backed one-for-one by underlying U.S. equities, becoming a member of the rising competitors amongst crypto companies and conventional monetary firms to deliver shares onto blockchain networks.In a submit on X on Tuesday, the alternate stated “the primary actual, 1:1 backed tokenized shares are coming,” permitting customers to personal, commerce, maintain and redeem the securities onchain whereas robotically receiving dividends.The announcement comes forward of a product occasion scheduled for 3 p.m. ET Tuesday, wherein the corporate, finest generally known as a crypto alternate, is anticipated to unveil a collection of choices spanning…

Binance, the world’s largest crypto alternate, is poised to lose its means to serve EU purchasers after its Greek MiCA license utility faces rejection, Reuters reported on June 16, 2026. Two sources aware of the matter advised Reuters that Greece’s Hellenic Capital Market Fee (HCMC) is about to show down the applying. The choice, if finalized, would block Binance from working throughout the 27-nation bloc as soon as MiCA’s transitional interval ends on July 1, 2026. Main Regulatory Setback for Binance Below the EU’s Markets in Crypto-Property (MiCA) framework, a single license grants passporting rights for seamless operations throughout member…

BlackRock’s new BITA fund combines Bitcoin publicity with month-to-month earnings by means of a lined name technique. The ETF is designed for traders searching for money circulation whereas sustaining a long-term Bitcoin place. BlackRock says the launch displays the rising maturity of Bitcoin as an institutional asset class. BlackRock is increasing its Bitcoin product lineup with the launch of the Bitcoin Premium Earnings Fund (BITA), a brand new exchange-traded fund designed to offer traders publicity to Bitcoin whereas producing month-to-month earnings. The fund started buying and selling on Tuesday and represents a special method to crypto investing than conventional spot…

Binance, the world’s largest crypto change, is on the verge of dropping permission to serve European Union shoppers after Greece’s market regulator strikes to reject its license software, in accordance with Reuters. The rejection would come simply weeks earlier than a vital deadline below the EU’s Markets in Crypto-Property (MiCA) regulation, which requires all crypto corporations to carry a sound license by the top of June to proceed working throughout the bloc. Utility filed by way of Greece Binance submitted its MiCA software by way of Greece’s Hellenic Capital Market Fee (HCMC), with co-CEO Richard Teng citing the nation’s labor…

The KRWQ stablecoin adoption of Chainlink’s oracle expertise marks a quiet however vital turning level for the Korean received’s presence in onchain finance. Introduced on June 16, 2026, from Seoul, the mixing positions KRWQ as the primary Korean won-backed stablecoin to make use of Chainlink Proof of Reserve for totally automated reserve verification — a transfer that speaks on to the belief drawback that has lengthy shadowed fiat-backed digital belongings. Key takeaways KRWQ, developed by IQ and Frax, is the world’s largest Korean received stablecoin, constructed on the Solana blockchain. KRWQ is the primary Korean won-backed stablecoin to make use…

The U.S. Authorities Accountability Workplace is urgent the FDIC to enhance coordination round crypto and stablecoin dangers, placing one other highlight on how fragmented digital asset oversight stays in Washington. TL;DR The GAO advice tracker factors to ongoing concern over digital asset coordination. The difficulty shouldn’t be a brand new enforcement motion; GAO suggestions are advisory. The main target is coordination between banking supervisors and different market regulators. Stablecoins stay central as a result of they sit between crypto markets, funds and banking oversight. The GAO’s function is to not regulate crypto instantly. It audits, evaluations and recommends. That distinction…

Because the Japan music Idol occasion continues to method, the chairman of SBI Holdings, Yoshitaka Kitao, is seizing the chance to spice up crypto adoption within the area.Kitao has revealed plans to roll out a brand new reward marketing campaign that provides crypto rewards, NFTs, and popular culture advantages to followers of the favored occasion in the event that they apply for the SBI Visa Crypto Card.This has caught the eye of the XRP neighborhood as the motivation program provides card candidates the chance to obtain XRP as rewards. Schiff Calls Out Unhealthy Math in Technique’s Bitcoin Plan Crypto Miner…

Peter Schiff insists that Bitcoin’s bubble has burst following its steep fall from an October 2025 all-time excessive of $126,000. Nonetheless, investor Anthony Pompliano defended the cryptocurrency’s long-term efficiency and argued that volatility is a part of what has pushed its returns. Schiff Makes the Bear Case, Pompliano Leans on the Lengthy Sport The 2 confronted off Monday night on Fox Enterprise in a reside debate moderated by Liz Claman, the place Schiff opened by claiming that BTC was a “digital nothing” and calling it a pyramid scheme through which early holders have been cashing out on the wave of…