The SEC has withdrawn over a dozen rules the agency proposed under Joe Biden, including two crypto-related rules targeting DeFi and digital asset custody.
The cryptocurrency market experienced a sharp decline on June 13, driven by escalating geopolitical tensions in the Middle East, significantly impacting major digital assets. Following Israel’s military strikes against Iran,
Ripple Labs and the SEC have jointly proposed a $50 million settlement to resolve the prolonged legal dispute over XRP sales, signaling a pivotal moment in crypto regulatory history. The
According to Onchain Lens data reported by COINOTAG News on June 13, a significant whale transaction involved the transfer of PEPE tokens valued at $6.55 million to Binance. This brings
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
Meta has finalized a huge $14.3 billion investment in Scale AI, a fast-growing company that builds tools to train AI systems. The tech firm now has a 49% non-voting stake in Scale AI after investing a significant figure in the company. The deal, which values Scale AI at nearly $29 billion, marks one of the largest strategic moves in Meta’s bid to lead the next generation of AI innovation. The social media giant also hired Scale AI’s CEO, Alexandr Wang, to join its top AI team, making this one of its boldest moves yet to improve its AI technology and catch up with competitors. Meta brings in Scale CEO to lead AGI projects Wang founded Scale in 2016 and turned it into a top-tier AI data company used by big names like Meta and OpenAI. He will now help lead the “superintelligence unit” at Meta to create machines that reason and solve complex problems as well as or even better than people can. Bringing Wang on board could help the social media giant keep up with the growing competition. regulatory pressure because he has business instincts and deep connections in the tech and government world. Meta launched its latest large language model, Llama 4, in April, but it fell short of expectations and was seen as trailing behind models from OpenAI and Google. In response, CEO Mark Zuckerberg has made AI his top priority. He’s been actively recruiting top scientists and engineers, offering generous pay packages to help position Meta as a leader in the future of AI. Zuckerberg wants the best tools and minds to help it reach its goal of building powerful, human-level AI before anyone else does. He has gone as far as rearranging the firm’s office spaces so that the new superintelligence team sits closer to his own desk. The company is also pouring tens of billions of dollars into AI hardware, research, and talent recruitment to compete with rivals and show the world that it can still lead in cutting-edge tech. Meta follows rivals by making its biggest startup deal since WhatsApp Meta’s $14.3 billion investment in Scale AI is its largest startup deal since acquiring WhatsApp in 2014. The move marks a strategic shift for the company, which has traditionally built most of its technology in-house to avoid major external investments. This new deal shows Meta closely follows other major tech giants like Microsoft, Amazon, and Google. These firms have gained access to talent and technology by partnering with companies like OpenAI, Anthropic, and various other AI labs without owning them outright and triggering antitrust investigations. ScaleAI focuses on the data and infrastructure that make AI models work and helps companies gather, organize, label, and feed massive amounts of clean, accurate data into AI systems so they can learn better and faster. Demand for the company’s services is growing rapidly as Scale expects to reach $2 billion in 2025 after achieving $870 million in revenue in 2024 alone. Wolfe Research analyst Shweta Khajuria said Meta’s aggressive approach suggests the company knows how much is at stake. “They don’t want to be left behind,” she explained, adding that this is not just a strategic choice but a necessity for Meta’s future. Cryptopolitan Academy: Want to grow your money in 2025? Learn how to do it with DeFi in our upcoming webclass. Save Your Spot
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