Author: James Wilson

Struggling Spanish cafe Vanadi Coffee stock skyrocketed more than triple its initial value after shareholders of the firm approved a plan to invest up to 1 billion euros into its Bitcoin treasury. According to a translated press release, on June 29, shareholders of Vanadi Coffee approved the company’s change in strategy to acquire more Bitcoin (BTC) on its balance sheet. The publicly-listed chain that currently operates six cafes based only in Alicante, now aims to become the largest Spanish company with a Bitcoin treasury. At the time of writing, it currently holds the title of being Spain’s first publicly-listed Bitcoin…

Hyperliquid’s native token HYPE is back above the $40 mark, trading at $40.56 at press time after gaining 7% in the past 24 hours and 15% over the past week. This marks a strong recovery from its monthly low of $32.62 on June 22. The last time Hyperliquid (HYPE) crossed $40 was on June 18, just before a sharp decline that pulled it down nearly 25% in four days. Now, it’s trading just 11% below its all-time high of $45.57, set on June 16. The recent recovery coincides with an increase and on-chain activity. According to DeFiLlama data, June’s decentralized…

Bitcoin’s recent price rebound has brought the asset closer to its record highs, but a new on-chain signal may be flashing caution.  According to a June 29 analysis by CryptoQuant contributor Crazzyblockk, Bitcoin’s (BTC) “apparent demand” signal has turned negative, indicating that new buyer interest is no longer keeping pace with the supply entering the market from miners and long-term holders. Apparent demand is a metric that compares new buyer interest to the supply entering the market. Specifically, it looks at how much fresh demand is coming in relative to two main sources of supply; the newly mined Bitcoin and…

Ethereum has rallied into a major confluence zone near $2,550, where multiple high time frame indicators and technical resistances converge. With declining volume and previous range behavior suggesting exhaustion, this zone is critical for the next directional move. After bouncing from an oversold condition, Ethereum (ETH) has retraced into a region packed with resistance, the same zone that previously capped price action for over 40 days. This region includes the point of control from the prior range, high time frame resistance, VWAP resistance, and a golden Fibonacci retracement, all pointing to a likely rejection unless volume surges. Key technical points…

Kazakhstan plans to establish a state crypto reserve, contingent on the creation of a legal framework to govern its formation and management. Kazakhstan’s National Bank is currently working on a detailed concept for forming and managing the reserve, potentially within a bank-affiliated entity focused on alternative investments, National Bank Chairman Timur Suleimenov said in response to a parliamentary inquiry. Following international practices, Suleimenov implied the reserve will be funded through confiscated crypto-assets or cryptocurrency mined by state-backed operations. “International practice shows that the sources for such a reserve may include confiscated crypto-assets, as well as cryptocurrencies mined by a crypto…

The crypto market has remained mostly stagnant as Amazon, Meta and Nvidia reach record-highs on the market over the previous weekend. Here’s why. In a miraculous turn-around, investors seemed to have regained a sense of new-found confidence as they flock back to the major tech stocks. In fact, the technology-heavy Nasdaq was able to bounce back by 32% from its previous slump in April after it was hit hard by the blanket tariffs which led to a 21% drop. On the other hand, S&P 500 saw a 23% surge in the second half of the year. The U.S. blue-chip stock…

Kraken has rolled out xStocks, offering over 60 tokenized U.S. stocks and ETFs, including Nvidia, Apple, Tesla, and more. Crypto platforms are increasingly integrating TradFi features. On Monday, June 30, crypto exchange Kraken launched xStocks, enabling users to trade tokenized securities. Traders are now able to gain exposure to several major stocks, including Nvidia, Apple, Tesla, GameStop, and more.  Through xStocks, Kraken will offer tokenized versions of 55 U.S. stocks and 5 ETFs. These assets will be backed 1:1 with real stocks and issued on the blockchain as SPL tokens. What’s more, traders can withdraw their xStocks tokens to their…

PENGU rallied for the fourth consecutive day, driven by bullish technical indicators and rising adoption trends. According to data from crypto.news, Pudgy Penguins (PENGU) surged to a high of $0.0154 on June 30 during afternoon trading in Asia, its highest level since May 15. The token has now climbed nearly 80% from its seven-day low and is up over 300% from its year-to-date bottom. The latest leg of PENGU’s rally began after the Chicago Board Options Exchange (CBOE) filed a Form 19b-4 with the U.S. Securities and Exchange Commission on June 26, seeking approval to list and trade the Canary…

Layer 2 blockchain Polygon is set for an upgrade this week, and crypto exchange Binance is taking steps to support this process. According to an official June 30 notice, Binance will temporarily suspend deposits and withdrawals for the Polygon network on July 1 as part of preparations for the scheduled network upgrade and hard fork. The suspension will begin at 16:10 ET, with the upgrade expected to occur an hour later at block height 73,440,256. During this time, however, trading of Polygon tokens on Binance will continue without interruption Binance added that it will handle all technical requirements on behalf…

Kadena has launched Chainweb EVM, a new execution layer aimed at easing long-standing constraints in blockchain development. With dozens of projects already live on testnet, the rollout signals a broader shift in how Kadena is approaching infrastructure and the protocol’s CEO has shared what the launch means for builders. In an exclusive interview with crypto.news, Kadena CEO and co-founder Stuart Popejoy explained that the new EVM-compatible environment is designed to remove long-standing trade-offs developers face when building complex applications. Built on Kadena’s braided proof-of-work architecture, Chainweb EVM executes transactions in parallel across multiple chains, boosting throughput while preserving the security…