Trump Media and Technology Group is set to launch a joint Bitcoin and Ethereum ETF under the Truth Social brand, marking a significant expansion in its crypto offerings. The ETF
Avalanche has officially integrated Chaos Labs’ Proof-of-Reserves, bringing on-chain verification to assets powering the layer-1 blockchain platform’s decentralized finance ecosystem. In an announcement on June 16, Chaos Labs said Avalanche ( AVAX ) will leverage the Proof-of-Reserves system to provide transparent verification for bridged assets in the Avalanche DeFi stack. This includes ecosystem top coins for cross-chain liquidity, such as Avalanche Bridged Bitcoin (BTC.b) and bridged Wrapped Ethereum (WETH.e) on Avalanche. Beyond cross-chain liquidity, bridged assets like BTC.b and WETH.e unlock collateral utility. They also enable deeper liquidity for decentralized finance features like trading, lending, and structured products. Chaos Labs’ Proof-of-Reserves adds an on-chain system that allows users to monitor and verify the reserves backing these bridged assets. With Chaos Labs’ Proof-of-Reserves architecture, Avalanche can now track reserve data across canonical bridges and custodial solutions. The on-chain validation of attestations enables public monitoring of the Bitcoin and Ethereum that back the BTC.b and WETH.e supplies. Users can verify whether bridged assets on Avalanche have full reserves on their native chains, Bitcoin on the Bitcoin network and Ethereum on the Ethereum network. Importantly, DeFi users on Avalanche, as well as developers and protocols, no longer have to rely on third-party providers to verify tokenized or collateralized assets. You might also like: Avalanche gains momentum as monthly transactions surge 326% but this chart signals a cold front Chaos Labs is backed by top venture capital firms, including PayPal Ventures, Coinbase, Lightspeed, OpenAI, and Haun Ventures. The platform provides technology for risk management systems, oracles, and artificial intelligence models. Together, these tools and solutions help secure billions of dollars in value across the financial market. In September 2024, the Chaos Labs team unveiled Edge , a decentralized Oracle network protocol targeted at bringing a blockchain solution to financial risk and optimization. Edge is aimed at the future of DeFi. Jupiter and recently Ethena are some of the protocols to integrate Edge. Chaos Labs closed a $55 million Series A funding round in August 2024, led by Haun Ventures. You might also like: JuCoin launches new feature that turns trading losses into computing power
President Trump's company plans to launch a joint Bitcoin and Ethereum ETF under the Truth Social name, following a solo Bitcoin ETF filing.
Michael Saylor’s Bitcoin treasury firm Strategy has deepened its commitment to the crypto giant with another major acquisition, this time with a billion-dollar investment. According to a June 15 filing with the U.S. Securities and Exchange Commission, Strategy has snapped up an additional 10,100 Bitcoin ( BTC ). The investment was valued at $1.05 billion, with an average purchase price was $104,080 per coin. The acquisition, which marks one of the firm’s most sizeable in recent weeks, builds on its ongoing streak of purchases and follows its earlier buy of 1,045 BTC for around $110 million on June 9, 2025. You might also like: Strategy introduced a new perpetual called Stride (STRD). Some call it genius, others say it has ‘Ponzi vibes’ Michael Saylor confirmed the acquisition in a post on X, continuing his vocal support of Bitcoin as a long-term treasury reserve asset. Strategy has acquired 10,100 BTC for ~$1.05 billion at ~$104,080 per bitcoin and has achieved BTC Yield of 19.1% YTD 2025. As of 6/15/2025, we hodl 592,100 $BTC acquired for ~$41.84 billion at ~$70,666 per bitcoin. $MSTR $STRK $STRF $STRD https://t.co/n7q77DmqCY — Michael Saylor (@saylor) June 16, 2025 With the latest purchase, Strategy cements its position as the largest corporate holder of Bitcoin, now owning 592,100 BTC acquired for approximately $42 billion. This represents about 2.98% of the total Bitcoin supply, accumulated since the firm launched its acquisition strategy in August 2020. Beyond investments, Saylor has continued his global Bitcoin advocacy, promoting adoption at both institutional and sovereign levels. Most recently, he met with Pakistan’s Finance Minister and State Minister on blockchain and crypto, Muhammad Aurangzeb and Bilal Bin Saqib, to discuss plans to integrate Bitcoin into the country’s sovereign reserve framework. Michael Saylor maintains a strong long-term bullish outlook for Bitcoin, projecting that the asset could grow by 29% annually over the coming years, with the potential to surpass $1 million in value. Read more: Michael Saylor boasts Strategy’s ‘indestructible balance sheet’
Anatoly Yakovenko, the Chief Executive at Solana Labs, has rejected the idea of altcoin teams like Cardano buying and holding Bitcoin for their users. The CEO explained that individuals could and should buy and hold Bitcoin alone. Yakovenko added that altcoin teams should buy low-risk assets like Treasury bills. The CEO of Solana Labs, Anatoly Yakovenko, dismissed the plans of altcoin teams holding Bitcoin for their users. Yakovenko claimed that individuals did not require a team to invest in Bitcoin. The Solana Labs top executive explained that individuals could and should hold Bitcoin for themselves. The CEO recommended that altcoin projects buy and hold enough short-term assets, such as U.S. T-bills, to cover three years of operating expenses. Cardano plans to convert $100 million of ADA into BTC This is so dumb. Projects should keep 18-36 months of post kill list runway in short term tbills but that’s about it. Why would anyone want a team to buy and hold bitcoin for them when they can do it themselves? Why pay for all those coconuts. — toly 🇺🇸 (@aeyakovenko) June 16, 2025 Yakovenko’s comment came after Charles Hoskinson, the co-founder of Cardano, said his firm would consider converting $100 million worth of ADA into BTC and other stable assets. According to Hoskinson, the proposal wouldn’t hurt his firm’s ecosystem. The Cardano co-founder added that the plan would help grow its treasury with time through yield. Hoskinson argued that yields from BTC would help the team buy back more ADA. Hoskinson explained that if the plan succeeded, they would continue the strategy on an annualized basis for 5 to 10 years. The Cardano executive expressed his belief that the strategy had the potential to grow to over a billion dollars. Hoskinson previously said Bitcoin did not have the right to be considered the only sound money blockchain. The Cardano executive recently stated that the firm would not allow the maxi and the Bitcoin ecosystem to take the lead. Hoskinson argued that the biggest threat to BTC’s dominance was and would always be Cardano. The crypto community has weighed in on the matter. Jeff Park of Bitwise Invest stated that subpar altcoins ditching their digital assets to create a Bitcoin treasury was not on his 2025 bingo card. DeFi platform Alva argued that Cardano’s idea of turning $100 million worth of ADA into BTC was a bit risky. Alva, however, claimed that the move could strengthen Cardano’s position in decentralized finance. Cardano joins Polkadot in the BTC strategy race Cardano’s plan to convert some of its ADA into Bitcoin and other stable assets came barely a week after the Polkadot community revealed plans to introduce a crypto reserve. Members of the Polkadot community have suggested the establishment of a BTC reserve for the Polkadot Treasury . The proposal intends to change 500,000 DOT into Threshold BTC (tBTC) in a year with the help of Hydration’s rolling DCA feature. Polkadot has previously explored diversification by introducing stablecoins like USDT and USDC. Polkadot community members said they want the capital to be offered as liquidity to Omnipool so that the funds could be put to use. The community members also suggested an extra 1,000 DOT be reserved for transaction fees. The proposers revealed that Bitcoin was highlighted in the main diversification proposal as an asset that could help reduce volatility and also maintain the value of the Polkadot Treasury. The Polkadot community members proposed tBTC for its decentralization, transparency, and liquidity. The proposal recommends selling a fixed amount of DOT for every trade instead of buying a fixed amount of tBTC. The members agreed that the total number of DOT tokens would first be converted into a yield-bearing collateral token and distributed into the Hydration Borrow functionality. The proposers revealed that the Polkadot Treasury will gain yield on the dormant DOT while also improving the DOT supply available for borrowing. The proposal outlined that portions of 0.005 tBTC will be introduced as liquidity into the Hydration Omnipool following a brief accumulation period. The community anticipates that this approach will contribute to diversifying the Polkadot Treasury’s holdings. KEY Difference Wire helps crypto brands break through and dominate headlines fast
Affluent, a mini app built on The Open Network (TON), is bringing decentralized finance directly into Telegram’s messaging ecosystem. Key Takeaways: Affluent has launched as Telegram’s first native DeFi app, offering lending and yield strategies on TON. The project targets both retail savers and institutional liquidity providers within Telegram’s vast user base. A new points program aims to boost engagement, starting with deposits into the TON multiply vault. The project officially launched Monday, offering users lending pools and crypto yield strategies in a streamlined format designed to function within the Telegram interface, the project said on X . Co-founded by Justin Hyun, a former director of the TON Foundation, and Hyung Lee of DeFi R&D group B-Harvest, Affluent aims to transform Telegram into a financial super app. Affluent Targets Retail Savings and Institutional Liquidity in DeFi Push The project promises to simplify crypto savings for retail users while offering deep liquidity access for institutional players. Affluent aims to “bring real, trustless asset management to Telegram’s billion-user ecosystem,” the project said on X, positioning the app as a “smart bank for crypto.” The strategy mirrors the success of super apps like WeChat, which seamlessly blend messaging, payments, and financial services in a single user environment. By embedding DeFi functionality directly into a platform with over 900 million users, Affluent sidesteps many of the usability challenges that have long hampered broader DeFi adoption. Telegram users will now be able to access lending and yield products without leaving the app. “Affluent is launching a points program to incentivize users for various activities. The first action is to deposit into the TON multiply vault,” the project said. 6/ What’s next? • USDT Multiply Vault: Stablecoin denominate delta-neutral engine for risk-adjusted yield • Strategy Vaults composable with BTC, Gold, U.S. Treasury, Tokenized Private Credit • Payment from your vault: Collateralization and payment from your vault tokens •… — Affluent (@AffluentOrg) June 16, 2025 Although Telegram distanced itself from TON after regulatory issues forced it to shelve its original blockchain ambitions in 2020, the platform formally backed TON in September 2023. That endorsement has since accelerated development across the ecosystem, with Affluent now marking a notable step forward in integrating DeFi into Telegram’s daily user experience. Telegram Shuts Down Channels Linked to Xinbi and Huione In May, Telegram took down thousands of channels tied to the Chinese-language marketplaces Xinbi Guarantee and Huione Guarantee after a report by blockchain analytics firm Elliptic exposed their role in over $35 billion worth of illicit transactions, largely using Tether (USDT). Xinbi alone has seen at least $8.4 billion in USDT since 2022, while Huione accounts for at least $27 billion, offering services ranging from fake IDs to money laundering. These marketplaces operate openly within Telegram’s group infrastructure, connecting vendors and buyers for illegal goods and services. Huione, reportedly linked to Cambodia’s ruling elite, sells everything from personal data to intimidation-for-hire services. Xinbi, with over 233,000 users, offers services in categories like crypto laundering, forged documents, SIM cards, and access to stolen databases. The platforms have become a go-to for laundering proceeds from pig butchering scams , which are frauds that combine romance or investment lures to steal large sums in crypto. The post Telegram Gets Its First Native DeFi Lending App With Affluent Launch appeared first on Cryptonews .
Michael Saylor’s Strategy has reinforced its position as the world’s largest corporate Bitcoin holder by acquiring an additional $1 billion worth of BTC amid geopolitical tensions. This latest purchase, funded
ZachXBT flags XChat’s group add and file-sharing flaws as potential scam vectors. XChat’s privacy tools may aid phishing, despite no reported incidents so far. Spam bots and hidden promotions could thrive in unmoderated XChat group chats. Well-known on-chain investigator ZachXBT has publicly raised red flags over what he describes as “high-risk design flaws” in the early version of X’s new messaging system, XChat. The security researcher directly alerted X owner Elon Musk to his concerns, outlining how the feature’s current configurations could be exploited for phishing, malware distribution, and crypto scams. Please update DMs & XChat by adding a filter to choose who can add you to group chats. Currently any user can add you to a group unless you turn off your messages entirely. pic.twitter.com/Nbp21BhsrF — ZachXBT (@zachxbt) June 16, 2025 XChat was launched in late May 2025 to upgrade the platform’s direct messaging with encrypted chats and file sharing. While the feature is aimed at enhancing user privacy, ZachXBT has identified several issues that could create a new hostile environment for users. Related: Bitcoin Expert Samson Mow Corrects Musk�… The post Security Researcher ZachXBT Warns Elon Musk of “High-Risk” Flaws in New XChat Feature appeared first on Coin Edition .
Strategy (formerly Microstrategy) and BlackRock currently hold the largest known institutional Bitcoin ( BTC ) positions, now neck-and-neck in their holdings. According to the latest data, Strategy (NASDAQ: MSTR) has accumulated approximately 592,100 BTC worth over $63.3 billion at press time, while BlackRock controls 669,523 BTC valued at approximately $71.41 billion through its iShares Bitcoin Trust ( IBIT ). Strategy has acquired 10,100 BTC for ~$1.05 billion at ~$104,080 per bitcoin and has achieved BTC Yield of 19.1% YTD 2025. As of 6/15/2025, we hodl 592,100 $BTC acquired for ~$41.84 billion at ~$70,666 per bitcoin. $MSTR $STRK $STRF $STRD https://t.co/n7q77DmqCY — Michael Saylor (@saylor) June 16, 2025 Strategy’s latest disclosed purchase involved acquiring 10,100 Bitcoin for $1 billion at an average price of $104,080 per coin. The purchase occurred during market volatility triggered by escalating Israel-Iran tensions, as Bitcoin dropped from $110,000 to an intraweek low of $103,639. The deal puts Strategy’s year-to-date Bitcoin yield at 19.1%, much closer to the company’s target of 25% by the end of 2025. Meanwhile, BlackRock, too, has been steadily building its BTC position, buying a staggering $1.1 billion worth of Bitcoin in recent weeks. Different approaches Strategy operates as a corporate treasury play, with CEO Michael Saylor positioning Bitcoin as the company’s primary asset and using various financing methods to acquire more. The company recently debuted its third Bitcoin-backed preferred stock, STRD, on Nasdaq to raise an additional $250 million for further Bitcoin purchases. BlackRock, on the other hand, accumulates Bitcoin through its exchange-traded fund ( ETF ) structure, pooling investor capital to build massive positions. The firm aims to become the world’s leading digital asset manager by 2030, aiming to manage at least $50 billion in crypto within five years. As both institutions maintain their aggressive Bitcoin accumulation strategies, the frontrunner may keep shifting. What’s certain is that together, BlackRock and Strategy now control over 1.3 million Bitcoin, representing roughly 6% of the total supply and demonstrating the massive institutional adoption that has transformed the entire crypto sector. Featured image via Shutetrstock. The post Who holds more Bitcoin: BlackRock or Michael Saylor’s Strategy? appeared first on Finbold .
Christopher Giancarlo, who previously chaired the U.S. Commodity Futures Trading Commission (CFTC), has stated that the issuance of government bonds backed by digital assets such as Bitcoin and XRP is more than a theoretical concept. He said it is a realistic path forward. During an interview with Bradley Kimes of Digital Perspective at the XRP Las Vegas conference, Giancarlo outlined how digital assets are increasingly viewed as viable components of public finance by both federal and local governments. Giancarlo’s growing interest among U.S. policymakers in utilizing cryptocurrencies in public finance. He noted that conversations in Washington are increasingly considering how various levels of government could acquire, hold, and even issue financial instruments based on crypto assets. He believes this is not confined to the federal level but could also include state and local governments exploring similar strategies. MUST LISTEN: The honorable Chris Giancarlo on stage at XRPLasVegas2025. Will we see US Digital Asset Bond Issuance? Will the US Govt acquire digital assets through a bond issuance and control the price of XRP and other digital assets like oil? One of the most important 4:22… pic.twitter.com/JjzG5ER8YU — Digital Perspectives (@DigPerspectives) June 12, 2025 Shifting Federal Strategy Toward Digital Asset Retention Giancarlo highlighted a notable shift in the President Trump administration’s handling of confiscated digital assets. He has positively impacted the crypto market so far. Rather than liquidating seized cryptocurrencies, federal agencies are retaining them as long-term strategic holdings. As a result, some have speculated that the government could hold XRP via Ripple’s penalty in the legal battle with the SEC. Giancarlo criticized previous administrations for selling off assets prematurely, arguing that holding them could have yielded significant gains and helped reduce financial burdens. He emphasized that this change does not require congressional approval, as executive agencies already have the authority to retain seized digital assets. Giancarlo proposed that digital assets could serve a role similar to the U.S. Strategic Petroleum Reserve, which is used to stabilize markets and enhance economic resilience. We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 He suggested that digital assets could bolster national influence, especially amid BRICS efforts to challenge the dollar’s dominance. Drawing parallels to China’s stockpiling of strategic resources, Giancarlo argued the U.S. should build reserves of Bitcoin, XRP, and other digital commodities. Establishment of Cryptocurrency Reserves This vision is already taking shape. In March 2025, President Trump signed an executive order establishing the Strategic Bitcoin Reserve , which now holds over 200,000 BTC, primarily obtained through forfeitures. It is positioned as a long-term store of value, akin to digital gold. Notably, the administration also launched the Digital Asset Stockpile to hold Ethereum, XRP, Solana, and Cardano. This reserve allows for controlled asset management and greater flexibility. Kimes concluded that digital reserves could be used as instruments of market influence, much like oil reserves, to steer financial policy and respond to economic threats. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post Ex-CFTC Chair: U.S. May Back Government Bonds with Crypto Assets Like XRP appeared first on Times Tabloid .