Bitcoin

Thumzup Jumps on Crypto Wave: Now Accepts Stablecoin Payments via Stripe

Casey1 hour ago1 hour ago02 mins

Los Angeles-based Thumzup Media (NASDAQ: TZUP) is making bold moves in the crypto space. The social media marketing firm just announced it’s integrating Stripe’s “Pay with Crypto” feature, allowing businesses to purchase ads using stablecoins like USDC. Why This Matters “We’re building bridges between traditional advertising and Web3,” said CEO Robert Steele. The move comes as the White House pushes to make the U.S. a crypto innovation hub. How It Works Advertisers can now pay for Thumzup’s services using cryptocurrency through Stripe’s seamless integration. Meanwhile, everyday users still get paid via PayPal for promoting brands on social media through Thumzup’s app. Bigger Picture Thumzup isn’t just dipping toes in crypto – it’s diving in:✔️ Filed to raise $200M to fund Bitcoin acquisitions✔️ On track to onboard 1,000 advertisers by mid-2025✔️ Developing AI tools and a Lifestyle AI Agent Marketplace With Coinbase safeguarding its crypto holdings and Stripe processing payments, Thumzup is positioning itself at the intersection of marketing and blockchain technology. The Bottom LineAs more companies explore crypto payments, Thumzup’s early adoption could give it an edge in the competitive digital marketing space. Investors will be watching to see if this crypto gamble pays off long-term.

Moody’s Downgrades US Credit Rating – Bitcoin Holds Steady Near $103K

Casey2 days ago2 days ago02 mins

Bitcoin (BTC) showed remarkable resilience after Moody’s downgraded the U.S. credit rating from Aaa to Aa1, citing soaring debt and unsustainable fiscal policies. Despite the macro shock, BTC traded at 103,000∗∗,just∗∗2.8103,000∗∗,just∗∗2.82.045 trillion. Key Takeaways U.S. Credit Downgrade: Moody’s joined S&P (2011) and Fitch (2022) in stripping America’s AAA rating, citing: Bitcoin’s Stability: BTC barely reacted, reinforcing its safe-haven narrative. Technical Outlook: Why Bitcoin Didn’t Flinch Institutional Demand: Spot ETFs and corporate buyers (e.g., Strategy, Twenty One) offset macro fears.Scarcity: Exchange reserves at multi-year lows as long-term holders accumulate.Policy Hedge: Investors view BTC as protection against dollar debasement and debt crises. What’s Next? Bottom Line: While traditional markets fret over U.S. credit, Bitcoin’s decoupling strengthens its case as digital gold.

Stablecoin Market Surges to $243B as Tether Dominates

Casey2 days ago2 days ago02 mins

The stablecoin market has reached a **record 243.8billion∗∗inmarketcap,with∗∗Tether(USDT)∗∗tighteningitsgripastheundisputedleader,nowcommanding∗∗62243.8billion∗∗inmarketcap,with∗∗Tether(USDT)∗∗tighteningitsgripastheundisputedleader,nowcommanding∗∗62151B). Key Market Trends Tether’s Dominance: USDT’s market cap surged to **151B∗∗,upfrom151B∗∗,upfrom91B in early 2024.USDC Holds Second Place: Circle’s USDC remains the runner-up with $60.4B.Rising Contenders: Why Stablecoins Are Booming Cheaper Than Traditional Payments Mass Adoption in Transactions Institutional & Retail Demand What’s Next? Bottom Line: Stablecoins are now a $243B pillar of crypto—and Tether remains king

Bitstamp Secures Coveted EU License Under MiCA Regulations

Casey2 days ago2 days ago03 mins

In a major regulatory milestone, Bitstamp has become one of the first cryptocurrency exchanges to receive a Crypto Asset Service Provider (CASP) license under the EU’s Markets in Crypto-Assets (MiCA) framework. Approved by Luxembourg’s financial regulator (CSSF), this license grants Bitstamp a European Passport, allowing it to operate across the European Economic Area (EEA) with expanded services. What This Means for Bitstamp & EU Crypto Users Full Compliance: Bitstamp can now legally offer crypto trading, order execution, and custody services under MiCA’s strict standards.European Expansion: The “passporting” feature enables seamless operations in 30+ EEA countries without additional approvals.Investor Protection: MiCA’s rules prioritize consumer safeguards, including transparency and reserve requirements. CEO Statement:“This license reinforces our commitment to secure, compliant crypto services for European customers. MiCA’s clarity helps build trust in the industry.” Why MiCA Approval Matters The Bigger Picture Bitstamp’s approval sets a precedent for other exchanges (Coinbase, Kraken) seeking MiCA licenses. As the 2025 MiCA deadline approaches, more crypto firms will need to comply—or risk exiting the EU market. What’s Next? Expect Bitstamp to leverage this license for new EU-focused offerings, potentially influencing crypto adoption across Europe.

Leveraged XRP ETF Shatters Inflow Records Despite Price Volatility

Casey2 days ago2 days ago02 mins

XRP’s price struggles, Wall Street is betting big on its future. The Teucrium 2x Long Daily XRP ETF (XXRP), launched in April, has surpassed 106millioninassets∗∗—with∗∗106millioninassets∗∗—with∗∗30.4 million added last week alone, its strongest inflow yet. Key Takeaways Record Demand: XXRP’s inflows outpace Ethereum spot ETFs (2.5BsinceSept.)and∗∗2XSolanaETF(SOLT)∗∗(2.5BsinceSept.)and∗∗2XSolanaETF(SOLT)∗∗(30M).JPMorgan’s Bullish Outlook: Predicts XRP & Solana ETFs could draw $15B in first year, with XRP leading.June Catalyst: The SEC’s decision on Franklin Templeton’s XRP ETF—likely delayed, but 83% approval odds in 2024 (per Polymarket). Why Is XXRP Gaining Traction? XRP Price vs. ETF Performance What’s Next? SEC’s XRP ETF Decision: A spot ETF approval (expected by Oct. 15) could supercharge momentum.Market Watch: If XXRP inflows continue, it may pressure regulators to fast-track more crypto ETFs.

France Ramps Up Protection for Crypto Executives After String of Violent Attacks

Casey3 days ago3 days ago03 mins

In response to a surge in kidnappings targeting cryptocurrency industry leaders, France is stepping up security measures to protect executives and their families. The move comes after multiple high-profile abduction attempts, including a recent attack in central Paris. Why Is France Taking Action? French Interior Minister Bruno Retailleau called the trend unacceptable, vowing to deploy “specific tools” to deter future attacks. What’s Being Done? Éric Larchevêque, Ledger’s co-founder, praised the government’s response, noting France has become “ground zero for crypto kidnappings.” Broader Implications What’s Next? France’s plan is a first step, but long-term solutions—like better privacy safeguards for crypto executives—may be needed. For now, the industry watches to see if these measures curb the violent trend. Stay Updated: Further developments expected after government-crypto sector talks.

Pi Network Price Dips Below Key Support – Can Upcoming Catalysts Spark a Rebound?

Casey3 days ago3 days ago03 mins

Pi Network’s native token, PI, has taken a sharp downturn, falling to $0.86 amid mixed market sentiment. Despite recent negative price action, several potential rebound catalysts loom on the horizon. What’s Driving the Decline? The breach of the $0.89 support level suggests further downside risk—unless upcoming developments shift momentum. Potential Rebound Catalysts Technical Outlook: Neutral with Glimmers of Hope Key Levels to Watch: Final Thoughts Pi Network’s price is at a critical juncture. While the recent drop is concerning, upcoming events could reignite interest. If the team delivers on decentralization updates or exchange listings, a rebound is possible. Otherwise, further declines may follow. What’s Next? Keep an eye on Consensus 2025 and any official exchange listing news—these could be the make-or-break moments for PI’s price.

Solv Protocol Launches RWA-Backed Bitcoin Token on Avalanche with BlackRock Support

Casey3 days ago3 days ago02 mins

Bitcoin holders now have a new way to earn passive income—with real-world assets (RWAs) backing their yields. Solv Protocol, a Bitcoin staking platform, has unveiled SolvBTC.AVAX, a yield-generating Bitcoin token built on Avalanche’s blockchain. Key Highlights of SolvBTC.AVAX How It Works Ryan Chow, Solv Protocol’s founder, calls this “a bridge between Bitcoin and traditional finance”—not just another yield product. Why This Matters With BlackRock’s BUIDL fund already entering DeFi (via Euler Labs), institutional-grade RWAs are becoming a major force in crypto. SolvBTC.AVAX could attract more Bitcoin holders into DeFi, combining security, yield, and institutional trust. Coming Soon: Expect more integrations as Solv and Avalanche push Bitcoin-based financial products further into mainstream adoption.

Coinbase Partners with Webull Pay to Supercharge Crypto Trading

Casey3 days ago3 days ago03 mins

In a major move for crypto enthusiasts, Webull Pay has teamed up with Coinbase to bring a smoother, more powerful trading experience to its users. Starting June 2025, Webull Pay will integrate Coinbase’s Crypto-as-a-Service (CaaS), giving customers access to secure trading, staking, and even USDC transactions—all backed by Coinbase’s trusted infrastructure. What This Means for Traders For Webull Pay users, this partnership means:More crypto options – A wider selection of coins to trade.Better security – Institutional-grade protection for digital assets.Earn while you hold – Staking rewards for supported cryptocurrencies.Seamless USDC transactions – Fast, stablecoin-based payments. Stephen Yip, CEO of Webull Pay, shared his excitement: “By partnering with Coinbase, we’re unlocking next-level crypto features for our users. This isn’t just about trading—it’s about giving people more control, flexibility, and opportunities in the fast-changing crypto market.” A Step Toward Global Crypto Adoption Both companies are also exploring ways to expand their services worldwide, potentially bringing Webull Pay-branded crypto solutions to new markets. With Coinbase’s robust technology and Webull Pay’s user-friendly platform, this collaboration could set a new standard for accessible and secure crypto trading. Why This Matters As crypto adoption grows, partnerships like this make it easier for everyday investors to trade safely and efficiently. Whether you’re a seasoned trader or just getting started, the Webull Pay and Coinbase integration could be a game-changer. Stay tuned for the official launch in June 2025—this could be your ticket to a smarter crypto experience!

Massive $27B Crypto Crime Marketplace ‘Haowang Guarantee’ Shut Down After Telegram Crackdown

Casey4 days ago4 days ago04 mins

One of the world’s largest crypto-fueled black markets, Haowang Guarantee, has been taken offline following a major cleanup effort by Telegram. The platform was responsible for moving over $27 billion in illicit funds, making it the biggest marketplace of its kind ever exposed. Telegram Pulls the Plug After Investigative Pressure The takedown came after investigations by blockchain analytics firm Elliptic and a follow-up report by WIRED, which brought new attention to Haowang’s massive illegal operations. Telegram responded swiftly by blocking thousands of accounts tied to both Haowang and a smaller, related operation called Xinbi Guarantee. A Telegram spokesperson confirmed that communities reported by Elliptic and WIRED were removed for violating the platform’s anti-crime policies. What Was Haowang Guarantee? Originally known as Huione Guarantee, Haowang was a Chinese-language black market deeply involved in crypto crime. It connected fraudsters, scammers, and shady service providers through Telegram groups using a built-in escrow system to “guarantee” transactions. Vendors on the platform offered everything from money laundering using USDT, to deepfake software, stolen personal data, and even hardware for scam operations across Southeast Asia. According to Elliptic’s research, Haowang handled more than $27 billion in crypto inflows, surpassing any known dark web marketplace to date. Could It Return? Despite the shutdown, there are early signs Haowang’s operators may be regrouping. A spike in user activity has been noticed on another platform called Tudou Guarantee, which Elliptic believes is linked to the same network. While Telegram’s crackdown has delivered a serious blow, analysts say it’s unlikely to fully stop these operations—especially given that Huione Group, the company behind Haowang, has deep regional connections, including links to Cambodia’s political elite. U.S. Sanctions Add More Pressure This development also comes just weeks after the U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN) announced it would sanction Huione Group as a money laundering operation, cutting it off from U.S. financial systems. A Win, But the Fight Isn’t Over Elliptic co-founder Tom Robinson called the shutdown a major victory: “This is a huge win. The largest dark-net marketplace to have ever existed has been shut down. It’s a big blow to the criminal ecosystem that will take a long time to recover from.” Still, Robinson warned that this may only be temporary. “Online crime is a cat-and-mouse game. But these are very large mice.”

Xinbi Exposed: $8.4 Billion USDT Laundering Ring Uncovered on Telegram

Casey5 days ago5 days ago03 mins

A massive cybercrime operation using Tether (USDT) on Telegram has just been brought to light — and it’s bigger than anyone expected. According to a new report by blockchain intelligence firm Elliptic, a Colorado-registered company called Xinbi Co. Ltd. was secretly running a shady Telegram-based platform known as Xinbi Guarantee, which facilitated over $8.4 billion in illicit transactions since 2022. Telegram Cracks Down After Major Revelation Following Elliptic’s findings, Telegram has taken action, shutting down thousands of channels linked to Xinbi Guarantee and another similar platform, Huione Guarantee. Xinbi’s Telegram network served as a digital black market for criminals, especially those running pig butchering scams — a growing form of crypto fraud that often targets victims through fake romantic relationships. But that’s not all. The platform also enabled the sale of fake IDs, Starlink satellite devices, and databases of stolen personal data, helping online fraudsters scale their attacks globally. How Big Was the Xinbi Scam? Elliptic’s analysis reveals some alarming growth figures: North Korean Hackers Linked to Xinbi The investigation also uncovered direct ties to North Korean cybercrime. Part of the $235 million stolen in the 2024 WazirX hack — attributed to North Korean hackers — was traced back to Xinbi, with $220,000 in USDT flowing through its wallets. The Bigger Picture: Telegram as a Criminal Haven? Elliptic warns that this is just the tip of the iceberg. The firm is currently monitoring over 30 similar illegal Telegram-based marketplaces using stablecoins like USDT to fuel online scams and laundering operations across Asia and beyond.

Swiss Crypto Valley Hits Major Milestone: 1,750 Blockchain Companies and Growing

Casey5 days ago5 days ago03 mins

Switzerland’s Crypto Valley is booming, and the latest numbers prove it. As of 2025, nearly 1,750 blockchain companies now call the region home — a massive 132% growth since 2020, according to a new report by CV VC. Spanning across Switzerland and Liechtenstein, Crypto Valley is becoming one of the most important blockchain hotspots in the world. The tech-friendly town of Zug continues to lead the pack, hosting over 40% of all crypto firms in the region. Close behind is Zurich with 15%, while other areas like Ticino, Geneva, and Luzern are also gaining traction. “Crypto Valley has proven it can grow, evolve, and stay strong even in tough global conditions,” said Mathias Ruch, CEO of CV VC. Over the last five years, the area has posted a steady 18.8% compound annual growth rate (CAGR). That kind of consistency shows that Switzerland isn’t just following crypto trends — it’s shaping them. What’s Driving the Growth? The rise of infrastructure and financial services is a big factor. These two sectors now make up a combined 38% of all blockchain companies in the region. Close behind are firms offering consulting and advisory services, showing that Crypto Valley isn’t just a place for builders — it’s a full ecosystem. Legal structures are also shifting. While most companies still operate as corporations or LLCs, there’s a noticeable rise in foundations and associations, especially in 2024, which accounted for over 20% of new company filings. Swiss Blockchain Scene Goes Global According to Heinz Tännler, President of the Swiss Blockchain Federation, the data confirms Switzerland’s growing influence on the global crypto stage. “This industry isn’t just important locally — it’s becoming globally strategic,” he said. With strong regulation, investor interest, and clear growth, Crypto Valley is positioning itself as one of the world’s leading blockchain innovation zones.