Author: James Wilson

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…

The decentralized stablecoin protocol recently hit by a multi-million-dollar exploit has presented a formal recovery plan to address the fallout. According to Resupply’s latest announcement, the recovery plan will focus on stabilizing the protocol’s finances and supporting affected users. At the core of the plan is a proposal to burn $6 million reUSD from the protocol’s insurance pool, which currently holds about $38.7 million. The exploit, which took place on June 25, 2025, resulted in losses reaching $10 million. Of this, the protocol emphasized that $2.87 million has already been repaid by the treasury and partners, leaving roughly $7.13 million.…

Spanish authorities, with Europol and international partners, arrested five suspects in a major operation targeting a €460 million crypto fraud network. On 25 June, the Spanish Guardia Civil, backed by Europol and law enforcement partners from Estonia, France, and the United States, executed coordinated raids that led to the arrests of five individuals behind one of Europe’s largest crypto fraud operations to date. Three arrests were carried out on the Canary Islands and two in Madrid. The group allegedly operated through a network of sales representatives worldwide who persuaded people to invest in fraudulent crypto schemes. They collected funds from…

The Blockchain Group has added 60 BTC to its Bitcoin stash following a series of recent capital raises, bringing its total holdings to 1,788 BTC. The Blockchain Group, Europe’s first Bitcoin Treasury Company listed on Euronext Growth Paris, has confirmed the acquisition of an additional 60 Bitcoin (BTC) for approximately €5.5 million, bringing its total BTC holdings to 1,788 BTC, valued at around €161.3 million. This was made possible through a combination of recent capital operations, including the conversion of warrants and new equity subscriptions. Notably, Blockstream CEO Adam Back subscribed to 2.1 million shares at €0.544 per share, contributing…

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. As Solana and XRP prepare for potential breakouts, XYZVerse is stealing the spotlight with a fast-rising presale and bold ambitions to become the next 1,000x memecoin. Significant shifts are unfolding in the cryptocurrency arena. Solana is climbing after hitting a key support level, with optimism around exchange-traded funds fueling its rise. At the same time, XRP is poised for a major move that could send its value soaring to new heights. Adding to the excitement, XYZVerse is attracting attention…