Crypto exchange Crypto.com has announced it secured $120 million in insurance coverage for digital assets held in Crypto.com Custody Trust, its U.S.-based solution. The exchange said in an announcement that the $120 million insurance cover is arranged by Aon, a London-based insurance company. Aon worked with underwriters via Lloyd’s of London to assess Crypto.com’s risk management, the exchange wrote in a blog post. Crypto.com Custody Trust Company offers crypto custody solutions for North American digital assets and institutions. The insurance plan aims to protect eligible assets and customers against crime and theft. “We built Crypto.com on a foundation of safety and security,” said Joe Anzures, president of Crypto.com Custody Trust Company. “Our insurance policy arranged by Aon for assets within Crypto.com Custody Trust Company is the latest example of our efforts to safeguard our customers and provide a best-in-class offering our clients can be reassured by.” According to details, the insurance coverage includes the first quarter of 2025. Most of the insurance total, $100 million, is for physical loss, theft, or damage to customer assets in cold storage. Meanwhile, $20 million will cover potential crime-related incidents or third-party theft. You might also like: Coinbase helps US Secret Service recover $225M in USDT tied to pig butchering scams Crypto.com’s expansion A recent report by CoinLaw indicates that comprehensive crypto insurance coverage by exchanges stands at only 22% as of 2025. The report notes that about 74% of insured exchanges opt for coverage against crime and cyberattacks, with a focus on protection from hacks. Notably, insurance claims payouts tied to crypto exchange hacks between 2022 and 2024 totaled about $1.8 billion. Crypto.com’s expansion in North America includes the opening of its new office in Washington D.C ., with this move coming on the back of a positive shift in the U.S. regulatory landscape. The exchange is among the crypto companies that saw the Securities and Exchange Commission end its investigation against it amid a flurry of such closures. Growth also saw Crypto.com recently partner with Canary Capital Group to unveil the Canary CRO Trust, an investment product that provides regulated exposure to the Cronos ( CRO ) token. You might also like: The full story behind the $90 million Nobitex hack that shattered Iran’s crypto illusion
US Senator Adam Schiff has introduced a new bill that aims to prevent President Donald Trump and his family members from enriching themselves via crypto. The potential legislation , titled the Curbing Officials’ Income and Nondisclosure (COIN) Act, would prohibit the president, vice president, high-ranking executive branch employees, special government employees and members of Congress from issuing, sponsoring or endorsing digital assets. The ban would last from 180 days prior to an individual’s public services until two years afterward, and it would also extend to officials’ immediate family members. If passed, the bill would also require public officials to include crypto assets in their annual financial disclosures and periodic transaction reports. Schiff (D-California) says in a new press release that Trump’s crypto deals “have raised significant ethical, legal and constitutional concerns over his use of the office of the presidency to enrich himself and his family.” “That’s why I am introducing legislation to prevent the financial exploitation of any digital assets by public officials, including the president and the First Family. We need far greater scrutiny of the president’s financial dealings, and to stop him and any other politician from profiting off of such schemes.” Trump’s recent financial disclosure with the U.S. Office of Government Ethics indicated he pocketed more than $57.3 million worth of income from the decentralized finance (DeFi) platform World Liberty Financial (WLFI). Income from Trump’s controversial memecoin, Official Trump, wasn’t listed on the disclosure because it was released in 2025. Ethereum ( ETH ) founder Vitalik Buterin said earlier this year that political coins represented “vehicles for unlimited political bribery.” In a February letter to the U.S. Department of Justice (DOJ) and the Office of Government Ethics, officials at the nonprofit consumer advocacy organization Public Citizen argued that Trump could be in violation of federal law regulating gifts to government officials. The president hosted the top 220 TRUMP memecoin holders at his private national golf club in Washington, DC last month. The announcement of the event caused the price of the asset to skyrocket . 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: Midjourney The post US Senator Adam Schiff Introduces Legislation To Stop President Trump’s ‘Exploitation’ of Digital Assets appeared first on The Daily Hodl .
As meme cryptocurrency Dogecoin ( DOGE ) continues to trade in tandem with the broader market, two artificial intelligence (AI) models are projecting that the token is likely to make modest moves on July 1. Their forecasts suggest a price range between $0.158 and $0.185, depending on how the broader market develops. As of press time, DOGE was trading at $0.16, gaining about 0.6% in the past 24 hours. However, the meme coin remains down nearly 1% on the weekly timeline. DOGE seven-day price chart. Source: Finbold Overall, sentiment around the asset is bearish, as confirmed by technical indicators. Dogecoin is trading below its 50-day simple moving average ( SMA ) of $0.202 and its 200-day SMA of $0.187, signaling continued downside pressure. Additionally, the 14-day relative strength index ( RSI ) stands at 40.54, pointing to neutral-to-bearish momentum with room to decline further before reaching oversold conditions. ChatGPT predicts DOGE price Regarding the price outlook, OpenAI’s ChatGPT presented three potential scenarios for Dogecoin on July 1, shaped mainly by Bitcoin’s trajectory, market sentiment, and trading volume. In a bullish scenario, if Bitcoin ( BTC ) breaks through key resistance levels and Dogecoin garners renewed attention on platforms like X, the coin could rise to between $0.175 and $0.185. ChatGPT highlighted DOGE’s sensitivity to influencer buzz and meme-driven hype, noting that a surge in volume could spark a 5–10% rally. In a neutral scenario, Dogecoin is expected to trade within a tighter band of $0.165 to $0.170, assuming Bitcoin remains stable and no major DOGE-related news emerges. In such a case, the token could drift slightly upward in line with recent consolidation trends. On the bearish end, DOGE could fall between $0.158 and $0.162 if Bitcoin pulls back or if DOGE loses technical support around $0.163. Weak sentiment, low trading volume, or regulatory concerns could accelerate a drop below the $0.16 level. DOGE price prediction. Source: ChatGPT Grok predicts DOGE price Meanwhile, Grok, xAI’s predictive model, issued a single forecast projecting Dogecoin to reach $0.17 by July 1. Based on its current price of $0.16 and DOGE’s historically volatile nature, Grok assumes modest upward momentum driven by community enthusiasm or a general market rebound. However, it also noted the absence of strong fundamental drivers and cautioned that DOGE could oscillate between $0.15 and $0.19, depending on external factors such as social media trends or Bitcoin’s movement. Featured image via Shutterstock The post AI predicts Dogecoin price for July 1 appeared first on Finbold .
We’re thrilled to announce that Kraken has secured a license under the European Union’s Markets in Crypto-Assets Regulation (MiCA) from the Central Bank of Ireland (CBI). This marks a pivotal milestone in our European expansion, unlocking the ability to scale faster across the region by offering regulated services and engaging directly with clients across all 30 EEA member states. “Securing a license from the Central Bank of Ireland, with its long heritage and experience as a rigorous financial regulator, isn’t just about compliance. It’s a powerful signal of Kraken’s commitment to expanding the crypto ecosystem through responsible innovation,” said Arjun Sethi, co-CEO of Kraken. “Being the first major global crypto platform to receive authorization from the CBI affirms Kraken’s commitment to building for the long term. We believe trust is the most valuable currency in crypto, and it’s something you earn. Over the past several years, our team has worked tirelessly to meet the CBI’s gold standard regulatory expectations. This license reflects that effort and places us in a strong position to expand our product offering, grow our institutional and retail client base and deliver secure, accessible and fully regulated crypto services to millions more people across the EU.” “We’re deeply grateful to the Central Bank of Ireland for its professionalism, and to the Irish Government and IDA for their consistent support. This collaboration is a blueprint for how public and private sectors can work together to build a more secure, innovative financial future for Europe, and we’re proud to be leading the way.” Expanding on a strong foundation Kraken already holds Virtual Asset Service Provider (VASP) registrations in key European markets including Ireland, Belgium, France, Italy, the Netherlands, Poland and Spain. We have long been a leading force in euro-denominated crypto trading, having introduced the first BTC/EUR trading pair in 2013. Today, Kraken’s platform is the most liquid and trusted for euro trading, reflecting its deep roots in the region. With the MiCA license now in place – alongside MiFID and EMI licenses already secured by the group – Kraken is able to extend its regulated offering to millions of clients across the EU. Together, these licenses support significant growth opportunities across retail, professional, and institutional client segments, including in spot trading, derivatives and payments. For clients, MiCA provides added assurance that Kraken’s services adhere to a consistent, EU-wide set of regulatory standards – including stronger consumer protections, increased transparency, and robust oversight – formalizing the high standards Kraken has long upheld and reinforcing long-term trust in the market. Get Started with Kraken The post Kraken cements European leadership with MiCA license from Central Bank of Ireland appeared first on Kraken Blog .
Billionaire investor Philippe Laffont says that he’s been taking more time to think about Bitcoin, and wondering why he didn’t get involved with BTC earlier. In a new interview on CNBC, Laffont, the co-founder of hedge fund Coatue Management, says that when trying to estimate the “net worth” of the entire global economy, he feels that it’s not unreasonable for Bitcoin to represent at least one or two percent of that. Translated into pricing, it would suggest that BTC could double in value at some point in the future, putting the flagship cryptocurrency above the $200,000 mark. Says Laffont, “Every day I do think ‘why do I not own it?’ And I think to be a good investor, it’s not just owning the obvious stock, sometimes you have to change your mind and say ‘well I made a mistake and I’m changing my mind’ and maybe Bitcoin will be like that… I thought of like the market cap of the world [and] the net worth of the world is, I think $450 to $500 trillion, equities are let’s say $120 trillion, gold above and under the ground is $20 trillion. And then Bitcoin is $2 trillion. And I was like okay, well $2 trillion – let’s say it represents half a percent of the net worth of the world, could it go to one of two. Some people say Bitcoin’s going to $100 trillion, I’m like okay that’s maybe a bit of an aggressive estimate but could it double or a period of time? And then we talked about the de-dollarization, the end of US exceptionalism, so those would be of the reasons.” At time of writing, BTC is trading at $107,566. 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. Featured Image: Shutterstock/Philipp Tur/Suri Sharma The post Billionaire Philippe Laffont Hints at Bitcoin Price Doubling, Says De-dollarization and End of US Exceptionalism Coming Into Play appeared first on The Daily Hodl .
More on NVIDIA, Alphabet, etc. Nvidia: You'll Regret Sitting This Out Alphabet: A Defensive Growth Compounder In Hibernation Alphabet's Waymo Is Winning, And Tesla Is Playing Catch-Up Republic unveils SpaceX-tied tokenized asset for retail investors Tech titan ETF QQQ hits record high as golden cross fuels momentum
Key Takeaways: IMF’s Bo Li said regulatory uncertainty around stablecoins persists, especially regarding classification and enforcement. Global financial bodies are working to align frameworks but remain in early stages. Policy inconsistencies may drive firms toward jurisdictions with less oversight. The International Monetary Fund (IMF) continues to flag regulatory uncertainty around stablecoin , according to remarks by Deputy Managing Director Bo Li during the Summer Davos 2025 on June 25. Li stated that while stablecoins are gaining traction in global finance, two classification issues remain unsettled: whether stablecoins should be treated as currencies or financial assets, and, if considered currency, what tier of money they fall under, such as M0 or M2. Enforcement and Classification Remain Key Stablecoin Challenges “But this is merely the starting point. Many issues remain unresolved, and a stronger global consensus must still be forged,” he said. Li added that several jurisdictions, including the U.S., Europe, and multiple countries in Asia, are conducting policy experiments. However, he described the current stage as early and called for broader alignment across international regulatory bodies. The IMF is working with entities such as the Financial Stability Board and the Basel Committee to provide guidance. Li indicated that many member countries are proceeding cautiously, especially those using stablecoins to expand financial inclusion. Beyond classification, Li raised concerns about enforcement. Without unified standards, national rules may conflict, complicating compliance for global operators and increasing the risk of regulatory gaps. No timeline was given for when these frameworks might converge, but Li acknowledged ongoing dialogue between regulators, central banks, and financial institutions. The IMF’s unique structure for generating and deploying resources is like a credit union for countries—with a lending capacity of nearly $1 trillion. See our new blog for more. https://t.co/fCqU2dl95C pic.twitter.com/q4gju42EG0 — IMF (@IMFNews) June 25, 2025 Regulatory Gaps May Drive Firms to Looser Jurisdictions With the heightened global interest in central bank digital currencies and private-sector stablecoin projects, regulatory clarity may shape how these technologies are used in cross-border payments and domestic financial services. Li reiterated that technology will influence the structure of the global monetary system over time, though he cautioned against expecting rapid transitions. How stablecoins are ultimately classified could influence how central banks manage liquidity and design monetary policy. Treating them as part of the money supply would require new tools for tracking and controlling their effects on the broader economy. Private firms developing stablecoin infrastructure are also awaiting clearer rules. Without regulatory alignment, some may shift operations to jurisdictions with looser oversight, while others delay integration with traditional financial systems until legal boundaries are defined. Frequently Asked Questions (FAQs) Are decentralized stablecoins treated differently in regulatory discussions? Stablecoins issued by DAOs or without clear corporate backing often fall outside current legal frameworks, raising questions about accountability, reserves, and enforcement. Could inconsistent regulation lead to digital asset “regulatory arbitrage”? Companies may base operations in regions with lenient rules, creating uneven competition and potentially undermining more robust regulatory environments. Do tax authorities have a stablecoin policy? In many jurisdictions, tax treatment of stablecoin transactions, especially those used for daily payments, is still unsettled, complicating both individual compliance and institutional accounting. The post Stablecoin Regulation Still Faces Key Unresolved Questions, Says IMF appeared first on Cryptonews .
Per a recent developer update from Ledger, the hardware wallet maker is gradually retiring support for the Ledger Nano S. The company advises users to upgrade to a newer model, citing upcoming shifts in blockchain protocols that could render the device obsolete over time. Ledger Plans to Discontinue Nano S Support After Nine-Year Run Ledger,
The SEC’s recent clarification on crypto staking rules marks a significant milestone, particularly impacting major networks like Ethereum and Solana by defining regulatory boundaries for staking activities. This development is
As digital asset markets mature, institutional and high-net-worth investors—often called “whales”—are quietly rotating capital toward early-stage projects with structural integrity and growth potential . In 2025, MAGACOIN FINANCE is leading this shift, alongside growing whale interest in XRP and Kaspa , signaling a new wave of focused accumulation beyond Bitcoin’s traditional reach. MAGACOIN FINANCE: The Smart Money Magnet MAGACOIN FINANCE has quickly earned credibility among strategic investors, raising over $10 million in its pre-sale and selling out multiple rounds with consistent velocity. Its capped supply of 170 billion tokens , a completed audit by HashEx , and its no-VC, community-governed structure offer transparency rarely seen in early projects. Whale wallets show steady accumulation, and on-chain metrics reflect rising wallet concentration and minimal churn—two signals of long-term conviction. The project’s focus on operational staking and passive income utility has positioned it as a prime candidate for those seeking a blend of security, scalability, and potential appreciation. Bitcoin: The Original Whale Play Bitcoin continues to dominate market capitalization and long-term portfolios. However, with its recent climb above $111,000 , many whales are now reallocating portions of their BTC holdings into new assets that offer earlier-stage potential. MAGACOIN FINANCE is benefiting directly from this strategic redistribution. XRP: Diversifying for Growth XRP’s established role in cross-border payments remains intact, but regulatory ambiguity and slower price movement have prompted many XRP holders to diversify. Strategic capital has begun flowing into MAGACOIN FINANCE , as well as Kaspa , which is gaining traction for its innovation and on-chain efficiency. Kaspa: The Technical Powerhouse Kaspa’s unique architecture and high-speed proof-of-work consensus have earned it a growing base of large investors. With favorable funding rates and accumulation signals rising, Kaspa is emerging as a legitimate competitor in the high-performance layer-1 space, often alongside mentions of MAGACOIN FINANCE in analyst portfolios. Conclusion As whale capital rotates with precision in 2025, MAGACOIN FINANCE , XRP , and Kaspa are emerging as core allocations for investors seeking structural soundness and early growth trajectories. For those tracking where the smartest money is moving, these three assets are clearly on the radar. To learn more about MAGACOIN FINANCE, visit: Website: https://magacoinfinance.com Exclusive Access Portal: https://magacoinfinance.com/entry Continue Reading: Why Bitcoin Whales Are Rapidly Moving Into MAGACOIN FINANCE Alongside XRP and Kaspa