June 14 marks a notable convergence of events, including the 250th anniversary of the U.S. Army, former President Donald Trump’s 79th birthday, and Flag Day in the United States. Trump
Anthony Pompliano, one of the most recognizable voices in the crypto world, is preparing to take the helm of a new Bitcoin-focused investment group aiming to raise $750m, as investors double down on crypto under a supportive White House. The Financial Times reported Friday that Pompliano is in line to become chief executive of ProCapBTC, a firm that plans to acquire large quantities of Bitcoin using funds raised through a merger with a blank-cheque company. The vehicle, Columbus Circle Capital 1, recently went public with backing from New York investment bank Cohen & Company. The firm completed its $250m IPO in late May, giving the partnership a timely launchpad as capital floods back into crypto-aligned ventures. Crypto influencer Anthony Pompliano set to launch bitcoin-buying vehicle https://t.co/jMZ0PVx9qZ — Financial Times (@FT) June 12, 2025 A representative for Pompliano didn’t return Cryptonews’ request for comment by press time. Pompliano Brings SPAC Experience After $220M Raise In Separate Venture According to the outlet, ProCapBTC intends to raise $500m in equity and an additional $250m in convertible debt. The proposed structure would mirror strategies used by other Bitcoin-focused firms, such as Michael Saylor’s MicroStrategy and Japan’s Metaplanet, which have drawn investor interest for their aggressive accumulation of digital assets. The deal could be announced as early as next week, although final terms are said to be still under negotiation. New Listings Signal Revival Of US IPO Market Amid Crypto Optimism Pompliano is no stranger to public markets. Just recently, he raised $220m for a separate blank-cheque vehicle not involved in the ProCapBTC project. The move comes as a fresh wave of crypto-related listings has reignited the US IPO market. Earlier this week, Peter Thiel-backed Bullish confidentially filed for a listing . Meanwhile, Gemini, the crypto platform run by the Winklevoss twins, also submitted plans to go public . Further, shares in stablecoin issuer Circle surged nearly 170% on their trading debut. Behind the optimism is a political backdrop that many crypto investors view as favorable. President Donald Trump has openly supported digital assets during his second presidential term. As a result, a fresh wave of capital has flowed into the sector. Meanwhile, firms aligned with this narrative, including Trump’s publicly traded social media company, have attracted billions from investors betting on regulatory support. Yet Pompliano has not shied away from critiquing the administration . Last month, he warned against Trump’s threat to remove Federal Reserve Chair Jerome Powell, calling it a threat to central bank independence. “The idea of firing the Fed chairman is a very bad precedent to set this way,” he said. The post Crypto Influencer Anthony Pompliano Plans $750M Bitcoin-Buying Fund: Report appeared first on Cryptonews .
The joint filing proposes a $50 million payment to the SEC and marks a key step toward settling the years-long legal battle over XRP sales.
A staggering $25 million in penalties and restitution has been levied in a landmark federal court ruling, exposing a sham crypto project that duped investors with bogus claims of gold backing and market viability. CFTC Secures Judgment Against My Big Coin for Crypto Fraud Scheme The Commodity Futures Trading Commission (CFTC) announced on June 11
Onchain Lens: This whale further deposited 609B $PEPE, worth $6.55M, into Binance. In total, the whale deposited 1.6T $PEPE, valued at $18.1M, into Binance, facing a loss of $3.26M. The
The post Why is The Crypto Market Going Down Today? appeared first on Coinpedia Fintech News The crypto market is in the red today, with the global market cap slipping by 4.32% to $3.25 trillion. Most cryptocurrencies, including Bitcoin, Ethereum, XRP, and Solana, are seeing sharp losses. Bitcoin is trading below $104,000 at the time of writing. There is support near $101,000 to $102,000. Ethereum (ETH) has dropped over 9% in the past 24 hours, falling to around $2,501. XRP has also taken a hit, slipping by more than 5% to trade at $2.11. Popular altcoins like Solana (SOL) and Dogecoin (DOGE) aren’t spared either — SOL is down over 10% while DOGE has fallen by nearly 9%. Even large-cap tokens like BNB and Cardano (ADA) have lost ground, dropping 2.89% and 8.6% respectively. Geopolitical Tensions Shake Markets The biggest reason for today’s crypto sell-off is a sudden escalation in Middle East tensions. Israel reportedly launched an airstrike on Iran’s nuclear facilities on June 13 and this geopolitical shock spooked global investors, sending them rushing toward safer assets like gold, which jumped 5%. Historically, whenever there’s unrest in the Middle East, risky assets like cryptocurrencies tend to fall. Bitcoin alone dropped by nearly 4% intraday, a move similar to what happened during the U.S.-Iran conflict in 2020. Macro and Regulatory Pressure U.S. Treasury Secretary Janet Yellen recently warned that Donald Trump’s proposed tariffs could push U.S. inflation up to 3%. This could lead the Federal Reserve to keep interest rates higher for longer — bad news for risk assets like crypto. Coinbase’s recent launch of CFTC-compliant perpetual futures contracts has pulled short-term liquidity away from spot markets, adding to the downward pressure. The next big event for the markets is the upcoming interest rate decision, due in a few days. Right now, there’s a 99% chance rates will stay the same. The market’s hoping Fed Chair Jerome Powell will sound more confident about future economic stability, hinting at rate cuts later. If not, and if the Fed sticks to its “wait and see” stance, markets might stay weak for now.
Qubetics’ impressive $17.9 million presale success highlights its innovative role in blockchain interoperability, positioning it alongside Ethereum’s bullish momentum and Pi Network’s market volatility. Ethereum continues to demonstrate strong fundamentals
Key Takeaways: Circle’s USDC is now live on the XRP Ledger, enabling cross-chain transfers via XRP’s auto-bridging feature. U.S. regulators are intensifying their focus on stablecoins as their role in global finance expands. Ripple aims to position XRP as a key liquidity bridge while debates grow over the future of dollar-pegged versus gold-backed stablecoins. Circle’s USDC stablecoin has officially launched on the XRP Ledger (XRPL), expanding the reach of the dollar-pegged digital asset and enabling new cross-chain liquidity routes. Ripple announced Thursday that users can now leverage XRP as a bridge currency to transfer USDC between decentralized exchanges via XRPL’s native auto-bridging functionality. Markus Infanger, senior vice president at RippleX, described the move as a critical step toward bridging traditional finance with the crypto economy. “Stablecoins are key entry points connecting traditional financial markets with the crypto space — essential for use cases focused on utility rather than speculation,” he stated. Stablecoins Face Rising Scrutiny as U.S. Regulators Weigh Next Moves The integration comes at a time when stablecoins are drawing heightened regulatory attention in the United States. The asset class, which now boasts over $237 billion in market capitalization, plays an increasingly strategic role in global finance, with backing often tied to U.S. Treasury bills. Issuers collect yield from these short-term government securities, making stablecoins a profitable and politically significant instrument. Some U.S. officials see dollar-backed stablecoins as a tool to counter de-dollarization pressures, particularly as countries like China and Russia reduce exposure to U.S. debt. As foreign governments sell off Treasuries, bond yields rise, increasing the cost of U.S. borrowing and amplifying the strain of maintaining the $36 trillion national debt. At the March 7 White House Crypto Summit, Treasury Secretary Scott Bessent emphasized the importance of stablecoin development to uphold dollar dominance globally. However, critics such as Max Keiser argue that dollar-pegged stablecoins are a temporary fix. Keiser believes gold-backed stablecoins are poised to outperform due to gold’s superior stock-to-flow ratio, which guards against inflation and value erosion. The addition of USDC to the XRPL ecosystem underscores Ripple’s ambitions to integrate stablecoin liquidity into its layer-1 infrastructure and further position XRP as a functional bridge asset in the broader decentralized finance landscape. XRP Ledger Expands Stablecoin Offerings In May, the XRP Ledger expanded its stablecoin offerings with the launch of two new region-specific assets, including EURØP, a MiCA-compliant euro stablecoin from Schuman Financial, and USDB, a dollar-pegged token issued by Brazil’s Braza Group. EURØP, backed by euros and safeguarded by major institutions like Societe Generale, marks the first fully MiCA-compliant euro stablecoin on XRPL. Meanwhile, Braza Group’s USDB stablecoin, backed by U.S. and Brazilian bonds, offers Brazilian users a secure digital asset for payments and hedging. One chain. Global adoption. Now live on the XRP Ledger: $RLUSD — @Ripple $USDC — @Circle $XSGD — @StraitsX $EURØP — @Schuman_io $USDB — @BrazaBank The XRPL is ready for the builders, institutions and users who demand fast and compliant stablecoins:… pic.twitter.com/lnWjzfNlOl — RippleX (@RippleXDev) June 12, 2025 As reported, serial entrepreneur and investor Gary Cardone has launched a scathing attack on XRP , accusing the digital asset of aligning itself with centralized governments in a bid to stay relevant. His remarks follow ongoing speculation that the European Central Bank (ECB) may integrate the XRP Ledger into its digital euro infrastructure. While the ECB has not confirmed any formal partnership with Ripple or its XRP Ledger, rumors have circulated across crypto circles. Cardone went further, likening XRP’s influence in finance to a new virus, calling it “COVID-19 Part Two in finance.” The post Circle’s USDC Debuts on XRP Ledger, Unlocking New Cross-Chain Liquidity Paths appeared first on Cryptonews .
Bitcoin’s recent outflows from Binance and increased accumulation by long-term holders signal a potential reduction in sell pressure, setting the stage for a bullish market phase. Short-term holders remain largely
The post Why Are Bitcoin and Altcoins Down Today? Here’s Why! appeared first on Coinpedia Fintech News The global crypto market just dropped by 5.66%, leaving many investors wondering what’s going on. Bitcoin, which was recently aiming for a breakout above $109,000, has dropped back to around $104,000. That’s a 3.6% decline in just 24 hours. And it’s not just Bitcoin—Ethereum, XRP, Solana, and even meme coins like Dogecoin have followed, falling anywhere between 6% to 15%. So, what’s behind this sudden crash? Fed Rate Cut Hopes Crushed The biggest reason seems to be new signals from the U.S. Federal Reserve. After the latest inflation data came out, showing core CPI still above expectations and producer prices rising, the chances of a rate cut in June have nearly vanished. According to Fed CME tools, the market now has a 97.4% chance that the Fed will not lower interest rates this month. That’s made investors nervous, and it’s showing in crypto prices. Bitcoin ETFs See Big Outflows Another major blow came from the spot Bitcoin ETFs. After several days of strong inflows, June 12 saw a sudden reversal, with $202 million flowing out . Leading the charge was Fidelity’s ETF alone saw a $197 million withdrawal, while ARK Invest’s ETF lost over $10 million. Surprisingly, BlackRock stayed flat with zero inflows or outflows. $1.15 Billion in Crypto Liquidations Leverage traders took a big hit. In the last 24 hours, over 247,000 traders were liquidated, with total liquidations hitting $1.15 billion . The largest single liquidation order was a $201 million long on Binance. If Bitcoin drops further to around $95,800, nearly $11.76 billion worth of long positions are at risk. That could trigger another wave of sell-offs. Technical Charts Hint More Pain Meanwhile, technically, indicators hint at more struggle for Bitcoin as charts show rejection near the $106K resistance zone. Meanwhile, the MACD is showing a slight bullish crossover, but the momentum is weakening. If Bitcoin fails to hold $104K , we could see a retest of $102K or even $100K soon. Altcoin Market Suffers Too Altcoins are taking a big hit, closely following Bitcoin’s downward trend. The Altseason Index has dropped to 16, showing that Bitcoin still holds market dominance. Among the biggest losers, Ethereum (ETH) fell by over 9.29% , now trading near $2,508. While XRP, Solana, and Cardano all saw major declines, with no signs of recovery just yet.