CryptoCryptocurrency

Hungary's government plans to reverse restrictive cryptocurrency trading rules that exposed users and service providers to potential prison sentences for transactions conducted without approved validation.

Bitcoin surged to a multi-day high of $63,700 while oil prices tumbled below $87 after US President Donald Trump announced that planned military strikes against Iran had been cancelled.

The US Treasury Department has sanctioned nine individuals and entities allegedly involved in Iranian weapons procurement networks, extending its broader crackdown on financial channels that have included cryptocurrency-linked operations.

Billionaire investor Tim Draper has argued that traditional banks are more vulnerable to future quantum computing advances than Bitcoin, reigniting debate over how emerging technologies could affect modern financial systems.

Ripple chief executive Brad Garlinghouse has endorsed claims that Wall Street firms and crypto companies are increasingly adopting the institutional finance strategy that XRP and Ripple promoted years ago.

The Osaka Exchange plans to launch a Bitcoin futures market in 2028 as Japan advances regulatory reforms aimed at integrating digital assets into mainstream financial markets.

Nigeria's Senate has advanced legislation that would establish a formal regulatory framework for cryptocurrency exchanges and virtual asset service providers operating in one of the world's most active crypto markets.

BlackRock's iShares Bitcoin Trust and Fidelity's Wise Origin Bitcoin Fund are increasingly dominating the US spot bitcoin ETF market as institutional investors concentrate allocations into the sector's largest products.

Cryptocurrency is becoming a more prominent issue in the 2026 US midterm elections after a new DCG-Harris Poll found that 40% of registered voters now view digital asset policy as a major election issue.

Bitget Wallet's tokenised SpaceX IPO subscription sold out within 30 minutes after attracting US$13 million in commitments, underscoring growing demand for blockchain-based access to high-profile equity offerings.

XRP remained above the US$1.10 level during the past 24 hours as institutional inflows continued, although the token underperformed Bitcoin and much of the broader cryptocurrency market.

Bitcoin and gold could face further pressure after US consumer inflation accelerated to 4.2% in May, dampening expectations for Federal Reserve rate cuts and weighing on investor appetite for risk assets.