[CRYPTO]

Revolut has entered the stablecoin market with a euro-denominated digital token, joining major banks and payment firms racing to establish digital money solutions. The move reflects growing adoption of stablecoins for cross-border payments and business transactions.

Bitcoin climbed above $80,000 for the first time since mid-May as bullish sentiment returns to the cryptocurrency market. The surge triggered liquidation of billions in leveraged positions.

President Trump said US regulators are working to bring Hyperliquid, a fast-growing crypto platform, into the country. The move represents a significant shift toward bringing major offshore cryptocurrency infrastructure under domestic oversight.

Bitcoin surged above $80,000 this week, posting its biggest three-day gain since 2023 with a 20%+ jump. US spot bitcoin ETFs attracted $1.92 billion in net inflows last week, signaling renewed institutional interest.

Fasset, a digital bank offering stablecoin-powered services across Asia and emerging markets, raised $68 million at a $1 billion valuation. The funding round was led by Japan's SBI Group, following a $51 million raise in May.

Global central banks are developing digital currencies to counter the rise of USD stablecoins and protect monetary sovereignty, yet face significant challenges in generating user demand for the new systems.

Tether's plans to build two bitcoin mining sites in Uruguay have fallen apart following a dispute with state utility UTE over power supply, according to sources and documents reviewed by Reuters.

FalconX, a digital assets brokerage, has laid off 10% of its global workforce as it prepares for a prolonged cryptocurrency market downturn. CEO Raghu Yarlagadda discussed the cuts and a potential IPO on Bloomberg Crypto.

Bitcoin surpassed $70,000 for the first time in over two months, driven by lower US Treasury yields and a high-profile meeting between President Trump and crypto industry leaders.

Robinhood CEO Vlad Tenev called for clearer, more permanent cryptocurrency regulations to boost investor confidence. Speaking at the CFTC in Washington, Tenev also addressed the future of prediction markets amid ongoing legal challenges.

A study found over 150 wallets on prediction market Polymarket may have traded on non-public U.S. military information, collectively earning $8 million with a 97.2% average win rate. The suspicious trading patterns attracted copycat bets from other users.

Hyperliquid Strategies stock jumped 31% after President Trump announced that CFTC Chair Michael Selig is working to bring the crypto platform onshore in compliance with U.S. regulations.

Gary Wang and Caroline Ellison, key executives from collapsed cryptocurrency exchange FTX and trading firm Alameda Research, have been barred from trading derivatives for five years. The CFTC settlement includes no financial penalties.

Securitize has launched the Neuberger Securitize High Income Tokenized Fund (HINC) in partnership with asset manager Neuberger Burgman. CEO Carlos Domingo stated the company sees significant growth potential ahead.

Prediction market platform Kalshi has reached a $40 billion valuation, drawing attention from legal experts on the sector's rapid growth and regulatory implications.

MoneyGram's Anthony Soohoo discussed the company's strategy to connect traditional and digital financial worlds during an appearance on Bloomberg Crypto.

FalconX, a cryptocurrency trading platform, aims to go public by 2027, according to CEO Raghu Yarlagadda. The timeline signals the company's growth trajectory in the digital asset trading sector.

The US Securities and Exchange Commission unveiled a proposal to exempt certain digital asset offerings from securities registration requirements. The exemptions would apply to offerings up to $5 million and $75 million.

With sweeping US cryptocurrency legislation stalled in Congress, the SEC is moving to exempt certain token offerings from securities laws. The CFTC is simultaneously developing its own regulatory framework.

Binance provided Russian law enforcement with transaction records and passport copies of IT specialist Yuri Belenkiy, according to Russian law enforcement documents cited by Reuters. The data handover preceded terrorism charges against the individual.