Bitcoin surged past the $110,000 mark for the first time in nearly two weeks, spearheading a broad rally across major cryptocurrencies amid easing U.S.-China trade tensions. Alongside Bitcoin’s rebound, altcoins
KULR Technology Group Inc. acquired 118.6 bitcoin for approximately $13 million, increasing its corporate treasury holdings. The purchase price averaged roughly $107,861 per bitcoin, the company stated Monday. This brings KULR’s total bitcoin holdings to 920 BTC. Those 920 BTC represent a total investment of about $91 million, acquired at an average price of $98,760
Paul Atkins called the right to self-custody a “foundational American value” when addressing regulators and industry leaders discussing DeFi.
Bitcoin's price jumped past $110,000 for the first time in about two weeks to lead a broader upturn in digital assets.
The post Key Takeaway Points from SEC Chair Paul Atkin’s Remarks at the Crypto Task Force Roundtable Today appeared first on Coinpedia Fintech News The chairman of the United States Securities and Exchange Commission (SEC), Paul Atkinson, delivered remarks at the agency’s Crypto Task Force roundtable on Decentralized Finance (DeFi). During Monday’s roundtable in Washington D.C. titled ‘DeFi and the American Spirit’, Atkins acknowledged the importance of clear regulatory frameworks to enable a seamless growth of DeFi protocols in the country. Chair Atkins castigated the Biden administration for using the agency to quash the nascent crypto assets and web3 protocols in the United States. “I am grateful to the Division of Corporation Finance staff for clarifying its view that voluntary participation in a proof-of-work or proof-of-stake network as a miner, validator, or staking-as-a-service provider is not within the scope of the federal securities laws,” Atkins noted . Key Points from SEC Chair Atkins Today SEC Chair Atkins emphasized the importance of self-custody of crypto assets for all Americans. According to Atkins the right to self-custody for crypto assets is a foundational American value that should be upheld by the DeFi space. “I am in favor of affording greater flexibility to market participants to self-custody crypto assets, especially where intermediation imposes unnecessary transaction costs or restricts the ability to engage in staking and other on-chain activities,” Atkins added. The SEC chair urged the agency to consider issuing clear crypto regulations, which embody DeFi protocols that are self-fulfilling through smart contracts. Expected Impact on Crypto Assets The remarks from SEC chair Atkins will have a profound impact on the wider altcoin space led by Ethereum (ETH) and Solana (SOL). Furthermore, a clear crypto regulatory framework from the SEC will enable more institutional investors to seamlessly adopt the DeFi ecosystem in the near future. Following the remarks, the wider altcoin market recorded significant gains, thus signaling the onset of a major altseason in the coming months.
Key Takeaways: Paraguay’s President Santiago Peña had his official X account compromised, leading to the spread of a false announcement about Bitcoin. The language and content of the post raised immediate red flags among observers, prompting swift clarification from the Paraguayan government. On-chain analysis showed the attached wallet had minimal funds and no activity, suggesting a phishing attempt. Paraguay’s President, Santiago Peña, became the latest high-profile figure to fall victim to a social media hack after his official X account was compromised on Monday. The breach resulted in a fake announcement claiming the country had adopted Bitcoin as legal tender. Paraguay Denies Bitcoin Legal Tender Claim After Presidential Account Hack The message, written unusually in English rather than Spanish, declared that Paraguay had made Bitcoin an official currency. It also claimed the government had created a $5 million BTC reserve and launched a bond program for “crypto-enabled citizens.” The post urged users to send any amount of Bitcoin to a wallet address, supposedly to determine the scale of a national rollout. https://twitter.com/SantiPenap/status/1932125390153396541 Observers quickly flagged the message as suspicious. Many noted that the language and tone were inconsistent with previous communications from the president, who typically posts in Spanish. Shortly after the post went live, the platform flagged the account for “irregular activity,” according to an additional report. The Paraguayan government swiftly issued an official response. The presidential account posted a message in Spanish that read: “Información falsa. Comunicado oficial de la presidencia de la República del Paraguay.” This statement confirmed that the Bitcoin announcement was false. Comunicado oficial. pic.twitter.com/Bk3XI6ohpp — Presidencia Paraguay (@PresidenciaPy) June 9, 2025 However, the hacker attempted to conceal the government’s warning by hiding the official reply beneath the scam post. The fraudulent message remained live for a time, possibly misleading unsuspecting users. On-chain data revealed that the wallet address provided by the hacker held only $4 and had recorded no transactions since the announcement. Despite the low activity, the nature of the post resembled a classic crypto phishing scheme. Authorities urged the public not to trust any posts from the president’s account until further notice. Paraguay’s national cybersecurity team has launched an investigation and is working with X to resolve the incident and restore control over the account. “We ask citizens to ignore any messages from the presidential account until we confirm its security,” the government said. Ongoing Crypto Scam Wave Hits Political and Industry Targets Across Latin America The hacking of Paraguayan President Santiago Peña’s official X account adds to a growing string of high-profile social media compromises, many of which have targeted the crypto industry and public figures to spread misinformation and scams. Over the past year, threat actors have increasingly exploited X for crypto-related phishing attacks. In May 2025 alone, the X accounts of Ethereum Layer-2 project ZKsync and its developer Matter Labs, were breached . @zksync & @the_matter_labs official X accounts hacked to post fake SEC alerts & phishing airdrops—ZK token drops 5%. #zksync #sec #phishing https://t.co/j4Yx6HHaob — Cryptonews.com (@cryptonews) May 13, 2025 Hackers posted fraudulent messages claiming the protocol was under U.S. investigation and shared phishing links disguised as airdrops. Around the same time, the New York Post’s account was hijacked to impersonate journalists and lure crypto users into fake podcast offers via Telegram. Earlier in the year, Canadian regulators also flagged fake articles featuring political endorsements used to promote crypto scams. State-sponsored hackers from the Lazarus Group have also posed as VCs in fake Zoom meetings to steal users’ private keys.” Paraguay has shown no intention to follow El Salvador’s 2021 move, which remains in a legal gray area following an IMF agreement reached in late 2024. Meanwhile, Paraguay’s crypto scene is under pressure. As Bitcoin mining gains traction, thanks to the country’s hydroelectric surplus, regulatory tensions are rising. Industrial players warn that new electricity rates could drive miners away . With over 10,000 illicit mining rigs seized in 2024 and tensions rising around mining regulations, the misuse of official platforms for misinformation poses a real threat to public understanding in an already volatile sector. The post Paraguayan President’s X Account Hacked – False Bitcoin Legal Tender Announcement Posted appeared first on Cryptonews .
Following a damaging protocol vulnerability in May, Sui decentralized exchange Cetus is back online with a compensation plan.
Leading crypto firms Uniswap, Jump Trading and the Blockchain Association will soon issue a joint statement supporting the Blockchain Regulatory Certainty Act (BRCA), according to crypto reporter Eleanor Terrett. Terrett tells her 238,200 followers on the social media platform X that the statement is “imminent.” “NEW: I’m hearing that a joint statement is imminent from the eight leading crypto trade associations, along with Uniswap and Jump, expressing their support for the Blockchain Regulatory Certainty Act (BRCA) being included in the latest version of the CLARITY Act.” The BRCA aims to provide clarity and certainty for developers, miners, and other innovators in the non-custodial crypto ecosystem. According to Terrett, the eight groups are the DeFi Education Fund, Coin Center, Solana Institute, Chamber of Digital Commerce, Blockchain Association, Crypto Council, Bitcoin Policy Institute and Paradigm, who say that the legislation is critical for protecting software developers and infrastructure providers who do not custody customer funds. “The amendment, originally introduced by GOP Majority Whip and now with bipartisan support from Rep Ritchie, is being viewed by many in the industry as a foundational policy safeguard for DeFi developers. ‘It’s critically important that we don’t treat open-source developers like traditional financial institutions,’ one policy lead told me. ‘The BRCA draws that line clearly and protects innovation.’ The joint statement urges lawmakers to include the BRCA in the CLARITY Act, the House’s digital asset market structure bill, which is expected to be marked up next week.” At time of writing, no statement has been issued. Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: DALLE3 The post Uniswap, Jump and Leading Crypto Trade Associations To Issue Statement in Support of Blockchain Regulatory Certainty Act: Report appeared first on The Daily Hodl .
DEXE might have declined massively, but that may not be the end.
Digital asset infrastructure companies have seen more attention in recent years, with some fundraises in the hundreds of millions of dollars.