Crypto Breaking News

Georgia plans to install electricity meters across villages and settlements in the Mestia municipality as authorities intensify efforts to crack down on illegal cryptocurrency mining operations blamed for straining the region’s power grid.

Cryptocurrency-backed political action committees intensified their election spending ahead of US congressional primaries, with more than $3 million directed toward key races as the industry seeks to expand its influence in Washington.

Coinbase has invested in ProShares’ GENIUS Money Market ETF, a Treasury-focused fund designed to hold assets that qualify as reserves for payment stablecoins under the GENIUS Act.

US Commodity Futures Trading Commission Chair Michael Selig said the agency is seeking to reverse a previously settled enforcement action against cryptocurrency exchange Gemini, claiming the company was politically targeted under the Biden administration.

The US Securities and Exchange Commission has made digital assets a strategic priority through 2030, outlining plans to develop clearer rules for blockchain technology, tokenisation and crypto market infrastructure.

A House of Lords committee has warned that parts of the Bank of England’s proposed stablecoin framework could undermine the viability of pound-denominated stablecoins despite supporting the introduction of regulation.

Jeffrey Rosenberg, BlackRock portfolio manager of the iShares systematic alternatives active ETF, says the forces of AI are unleashing a capex boom and creating an incredible wealth effect. He speaks at an exclusive event for Bloomberg.com subscribers in New York.

Senior Democratic lawmakers have called on the US Labor Department to abandon plans that would allow cryptocurrencies and other alternative assets to be included in Americans’ 401(k) retirement plans.

The US Treasury Department sanctioned Nobitex, Iran’s largest cryptocurrency exchange, alongside Wallex, Bitpin and Ramzinex on June 2, escalating pressure on digital asset platforms accused of supporting Iran’s sanctions-evasion efforts.

Former US Ambassador to Morocco and Senior Iran Adviser to President Obama, Puneet Talwar, discussed the complexities surrounding ongoing US-Iran negotiations for an interim deal. Despite reports of suspended talks due to fighting in Lebanon, President Trump remains optimistic about continuous conversations with Iran. He speaks with Romaine Bostick & Katie Greifeld on "The Close."

Ed Zitron, CEO at EZ Primary Research, said that the risk of balancing the equity market on record public offerings for AI companies that have never reported profit is a dangerous proposition and that those companies should not be allowed to IPO. Zitron, an AI skeptic, said that many of these companies will not last in the long term.

Adam Back, co-founder and CEO of Blockstream, joins Scarlet Fu and Tim Stenovec on "Bloomberg Crypto." Back is often considered to be the creator of Bitcoin, which he has repeatedly denied.