Societe Generale-FORGE (SG-FORGE), the digital asset arm of French banking giant Societe Generale, is set to launch a new USD-pegged stablecoin – USD CoinVertible (USDCV) – on both the Ethereum and Solana blockchains. The stablecoin is expected to begin trading in early July. SG-FORGE’s USD CoinVertible The development marks the firm’s latest push to merge traditional finance with decentralized infrastructure. The Bank of New York Mellon (BNY Mellon) will serve as the reserve custodian, according to the official press release . This new product follows the April 2023 launch of the EUR CoinVertible (EURCV), SG-FORGE’s euro-backed stablecoin. Together, the two tokens aim to offer 24/7 fiat-to-stablecoin conversion, with support for use cases such as crypto trading, cross-border payments, on-chain settlement, foreign exchange, and collateral management. SG-FORGE stated that the tokens are built with compliance at their core – both are classified as Electronic-Money Tokens (EMTs) under the European Union’s MiCA regulatory framework. The firm itself is licensed as an Electronic Money Institution by France’s ACPR. USDCV and EURCV will be available to institutional, corporate, and retail clients through exchanges, brokers, and payment platforms, with liquidity supplied by multiple market makers. However, people in the United States will not be able to use these products. USD Stablecoin Launch “Obvious Next Step” By roping in BNY Mellon, which happens to be a major player in global custody services, SG-FORGE aims to reassure market participants about asset backing and transparency, while also appealing to institutions seeking regulatory clarity in the space. Commenting on the development, Jean-Marc Stenger, Chief Executive Officer of SG-FORGE, said that the launch of a US Dollar version (USDCV) was the “obvious next step” for the company after the release of a MiCA-compliant EUR stablecoin (EURCV), amidst an increasing market adoption of stablecoins. The exec went on to add, “The stablecoin market remains largely US dollar-denominated. This new currency will enable our clients, either institutions, corporates, or retail investors, to leverage the benefits of an institutional-grade stablecoin.” The post Societe Generale’s Crypto Arm Unveils USD-Pegged Stablecoin on Ethereum and Solana appeared first on CryptoPotato .
According to Bloomberg analyst James Seyffart, several firms have filed and received acknowledgment for spot crypto ETF applications with the U.S. SEC. Approval odds are highest for Litecoin, Solana, and
The US Department of Justice (DOJ) has announced that five men have pleaded guilty to a Cambodian-based crypto investment scam that conned victims out of $36.9 million. In a new press release, the DOJ says the international crime ring operated by misleading victims to invest in false digital asset scams. The DOJ says Joseph Wong, Yicheng Zhang, Jose Somarriba, Shengsheng He and Jingliang Su were part of an international criminal network that tricked American victims into believing they were investing in digital assets, but instead funneled money through US shell companies, international bank accounts and crypto wallets. Through texts, phone calls, social media and dating apps, the perpetrators contacted victims and gained their trust. They would then convince victims to invest in fraudulent crypto projects, telling the victims all the while that their investments were increasing in value. Instead of investing their capital, however, the men transferred $36.9 million in victim funds to a single account at Deltec Bank in the Bahamas under the name of “Axis Digital Limited.” The funds were then funneled to USDT wallets controlled by individuals in Cambodia. Aside from the five men pleading guilty, eight other co-conspirators have also confessed, so far. 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 $36,900,000 Crypto Scam Targeting Americans Taken Down by Feds As Five Men Plead Guilty to Running International Criminal Network appeared first on The Daily Hodl .
As Bitcoin Dominance (BTC.D) rises in the crypto market, analysts are closely watching for signs of the long-awaited altcoin season. In a recent analysis, a crypto market expert shared key insights on the best time to buy altcoins, offering strategic guidance for traders looking to position themselves ahead of the next potential market rally. When To Position For The Altcoin Season As the Bitcoin price continues its upward trajectory, the speculation about an impending altcoin season remains a recurring theme across crypto communities. However, a Bitcoin Dominance chart shared by ‘Stockmoney Lizards,’ a pseudonymous crypto analyst on X (formerly Twitter), challenges the narrative that an altcoin season is imminent. Related Reading: The Return Of Altcoin Season: Why Bitcoin Dominance Must Fall To 62% Drawing on personal experience and market cycles, Stockmoney Lizards explains that the repeated cries of “altcoin season is here” are often premature and misleading. The analyst revealed that the true altcoin season, the period where even the lowest-quality coins tend to skyrocket, is often the final phase of the crypto bull run. It begins when Bitcoin Dominance breaks below the 60% support level, signaling a market-wide shift into altcoins. Notably, the analyst has shed light on how and when to position ahead of the altcoin season. Instead of buying altcoins based on hype or assumptions of immediate gains, Stockmoney Lizards suggests a more disciplined strategy: accumulate only at extreme oversold levels. This is typically when the Relative Strength Index (RSI) on the 4-hour or daily time frame drops below 25-30, reflecting capitulation. According to the market expert, these moments offer the best entry points for short-term rebounds, where altcoins deliver explosive moves of about 50% to 200%. The analyst further highlights that the primary objective is to take profits and rotate them back into Bitcoin. This approach not only maximizes gains but also minimizes exposure to prolonged drawdowns that usually follow the euphoric phase of the market cycle. Bitcoin Dominance Influence On AltSeason According to Stockmoney Lizards, the current behaviour of BTC.D, trading firmly between a well-defined channel, indicates that the market is still in the early to mid-phase of a bull run. Typically, this phase is dominated by Bitcoin, not altcoins, and history shows that institutional capital prefers to build positions in the flagship cryptocurrency before moving to riskier lower-cap assets. Related Reading: Bitcoin Price At $200,000 And Ethereum At $10,000? Analyst Says Altcoin Season Is Coming Notably, Bitcoin’s rising dominance in the market is not seen by the analyst as a bearish signal for altcoins in the long term. Instead, it is perceived as a healthy sign of a maturing bull market. He disclosed that the real altcoin season doesn’t begin until BTC.D decisively breaks down from its channel and drops to historical lows. Until then, Bitcoin’s strength reflects institutional accumulation and market confidence. Stockmoney Lizards reveals that retail investors often misinterpret this as a signal to chase altcoins, only to be caught holding bags as BTC continues to outperform. The analyst concludes that the altcoin season breakout will eventually come, but only those who position smartly by letting Bitcoin lead and waiting for alts to reach oversold extremes will be best prepared to capitalize on the market rally. Featured image from iStock, chart from Tradingview.com
BONK could reverse its downward trend. But how?
The post Uniswap (UNI) Price Surges Over 21% Amid DeFi Renaissance appeared first on Coinpedia Fintech News Uniswap (UNI) price surged over 21 percent in the last 24 hours to trade at about $8.27 on Tuesday, June 10, during the late North American session. The mid-cap altcoin, with a fully diluted valuation (FDV) of about $8.24 billion, recorded a 400 percent surge in its daily average traded volume to about $1.16 billion at the time of this writing. As a result of the sudden UNI price surge today, around $3 million was liquidated from leveraged traders, with short traders consisting of over $2.4 million. Uniswap Benefits from DeFi Renaissance As Coinpedia reported at the beginning of this week, the DeFi altcoins will likely lead in anticipated altseason following regulatory clarity in the United States. During the SEC’s Crypto Task Force roundtable on Monday, Chairman Paul Atkins highlighted that the agency is committed to issuing clear crypto regulations to enable seamless adoption of DeFi protocols in the near future. The announcement favored Uniswap, a top-tier DEX on the Ethereum (ETH) network. Furthermore, the U.S. SEC recently closed its investigation against Uniswap, following a settlement between the DEC and the CFTC. What Next for UNI Price? In the weekly timeframe, the UNI price has been consolidating since April 2024 after a successful bullish breakout from the 2022 bear market. In the past few weeks, the UNI price has successfully rebounded from the lower border of horizontal consolidation. Moreover, the weekly MACD line has crossed the signal line amid rising bullish histograms. In the four-hour timeframe, the UNI price successfully broke out of an inverse head and shoulders (H&S) pattern. With the four-hour Relative Strength Index (RSI) having surged above the 70 percent level, UNI price is well positioned to rally towards the next target range between $15.2 and $18.6.
Solana-based memecoin launchpad Pump.fun has transferred over $660 million worth of SOL to Kraken, raising questions about its financial strategy and future plans. On-chain data reveals a consistent pattern of
The Trump Family backed the DeFi project, and World Liberty Financial (WLF) picked lending protocol Aave to execute its DeFi transactions. The project recently borrowed $7.5 million in USDT from the Aave V3 platform. According to X account Onchain Lens, citing data from Nansen, the project deposited $52 million worth of Ether, wrapped Bitcoin, and Lido Staked Ether on the protocol before taking the loan. While it is unclear what the project plans to do with the borrowed funds, it has already moved it to a Bitgo wallet, leading to speculations that it is depositing the funds to withdraw USD1. USD1 is the stablecoin issued by WLF, and Bitgo is the custodian of the stablecoin. Meanwhile, the recent transactions mark WLF’s biggest DeFi move since it launched last year. While it previously deposited around 5 million USDC on Aave, it has mostly focused on buying tokens, including Ether, Bitcoin, and several altcoins, for its treasury . Nevertheless, WLF’s decision to use the Aave protocol is unsurprising, given that the project deployed an instance of Aave v3 as its DeFi platform in 2024. It has also acquired AAVE tokens for its treasury. Interestingly, WLF is not the only crypto project using Aave for DeFi transactions. A few weeks ago, the Ethereum Foundation borrowed $2 million worth of GHO stablecoins on Aave while depositing ETH to the platform. Aave TVL now above $40 billion (Source: Token Terminal) The increased activity on Aave has translated into milestones for the protocol in the past few days. It recently reached a new all-time high in total value locked (TVL) with $40 billion, while total borrows also reached a new peak above $16 billion. WLFI USD1 supplies $2 billion in market cap, but growth slowed Meanwhile, the recent transactions by WLF appear to be part of its efforts to boost the adoption of its USD1 stablecoin. The stablecoin, launched only a few weeks ago, is already one of the fastest-growing circulating supplies at around $2.18 billion, according to Defillama . The massive volume growth is due mostly to a $2 billion investment by sovereign wealth fund MGX into Binance, which was conducted using USD1. Beyond that massive surge, supply has grown much slower, with less than a $60 million increase over the last 30 days. However, the project has also been making efforts to boost adoption through various means, including the decision to airdrop around $4 million USD1 to holders of WLFI tokens. This is part of its broader one-month campaign to boost the adoption of the BNB Smart Chain. So far, BSC’s DeFi protocols, such as DWF Liquid Markets, Pancake Swap, ListaDAO, Venus Protocol, and Aster DEX, have all integrated the stablecoin into their platform, while exchanges such as MEXC are also offering 100% APR to stake USD1. Trump’s family involvement driving WLF performance Beyond its USD1 moves, WLF has also announced plans to acquire TRUMP memecoin for its treasury. The Trump Organization executive vice president, Eric Trump, announced the move, which WLF confirmed. Interestingly, the project is also planning to launch a wallet. Donald Trump Jr. disclosed this while debunking recent claims of a Trump crypto wallet by Magic Eden. According to Trump Jr., the Trump Organization does not authorize the wallet to be promoted by Magic Eden because WLF is working on an official wallet. With WLF dabbling in many crypto products and seeing sizable traction, many believe its success is only due to its affiliation with President Trump. Although Trump and his family are not directly involved in the operation of WLF, their influence as ambassadors appears to be the driving force behind it. Unsurprisingly, this has meant increased criticisms of the family crypto affiliations by political opponents and even some members of the crypto community who believe the president’s pro-crypto moves have significantly benefited his private interests. KEY Difference Wire helps crypto brands break through and dominate headlines fast
A new study finds widespread emotional reliance on AI companions—raising concerns about dependency, grief, and blurred boundaries.
For speculative meme coins, momentum is driven by hype—with a milestone 1.5 million wallets now holding SHIB, Shiba Inu price forecasts are gaining steam on rising community conviction. SHIB HOLDERS HIT NEW ATH! 1,511,101 wallets now hold $SHIB — that’s 0.011% of global population. The army is growing. The mission is alive. pic.twitter.com/DNI9LhgpCt — 𝐋𝐔𝐂𝐈𝐄 (@LucieSHIB) June 9, 2025 An 11% gain over the past five days marks a strong rebound from the recent drop below $0.000012, reopening the meme coin’s case for the “best crypto to buy” conversation. Retail investors appear to be filling the gap left by a mass whale exodus. Whale transaction volume—trades over $100,000—has plunged 91.5% over the past four days, down to just 2 trillion SHIB. While engagement is growing, the shift from whales to retail holders exposes a vulnerability: SHIB is now largely in weaker hands, increasing the risk of short-term swings. Shiba Inu Price Analysis: Can the Reversal Stick? The bounce from $0.000012 affirms the lower support of the wide consolidation channel that has kept SHIB range-bound between $0.00001 and $0.0000176 since February. SHIB / USDT 1-day chart, consolidation channel. Source: TradingView, Binance. This move sets the stage for a potential 35% climb to retest the range’s upper resistance. Momentum indicators support the upside case: the MACD line is nearing a golden cross above the signal line—a bear flag, and the formation that preceded the last retest of the channel high. That said, the RSI has stalled at 46 in bearish territory. While sell pressure is easing, bulls still lack the conviction to flip the daily chart bullish. Still, a higher low has formed, suggesting growing bullish pressure and the early structure of a trend reversal as accumulation rises to higher support levels. Traders should watch for a clean break above $0.000013—aligned with the 0.236 Fibonacci retracement—for confirmation of a fresh uptrend. Failure to break out could see SHIB return to retest the channel’s lower support near $0.00001. At such a pivotal position, $1 remains a distant target. There are Bigger Opportunity to Be Had than SHIB – Here’s How When it comes to large meme coins like SHIB, timing is everything. Those who entered late from the January market high may be left holding the bag as exit liquidity. Meanwhile, newer meme coins making the rounds like Moonpig are posting 7x gains in a single month. That’s where Snorter ($SNORT) steps in. Its purpose-built Telegram trading bot is engineered to spot early momentum, helping investors get in before the crowd— where the real gains are made. While trading bots are not a new concept, Snorter has been designed specifically for sniping with limit orders, MEV-resistant token swaps, copy trading, and even rug-pull protection. Other trading bots vs Snorter bot. The project is off to a strong start— $SNORT has already raised over $600,000 in its first two weeks of presale , likely driven by its high 483% APY on staking to rewards early investors. You can keep up with Snorter on X , Instagram , or join the presale on the Snorter website . The post Shiba Inu Price Prediction: Record-Breaking 1.5 Million Wallets Now Hold SHIB – $1 SHIB Coming? appeared first on Cryptonews .