Category: News

REX Shares appears to be on the brink of launching a staked Solana ETF after receiving a key response from the US Securities and Exchange Commission (SEC).

On June 27, the firm wrote the regulator to confirm whether it had resolved all concerns related to its proposed Solana and Ethereum staking ETFs.

SEC Clears Way for First Staked Solana ETF as REX Shares Readies Launch

The SEC responded without further comments, sparking optimism that a launch could be near.

Industry analysts believe this could allow REX Shares to launch the country’s first crypto ETF that tracks staking rewards on the Solana blockchain.

Bloomberg ETF expert Eric Balchunas indicated that the SEC’s lack of objections is significant. According to him, this means that the proposal will likely receive approval soon.

“Rex also filed an updated prospectus, which totally filled in. Add it all up and it appears as though all systems go for imminent launch. $SSK is the ticker,” Balchunas said.

Interestingly, REX Shares has begun marketing the product as the first-ever staked crypto ETF in the US. According to the firm, the product will track Solana’s performance while generating yield through on-chain staking.

Rex now putting out a “coming soon” tweet. No date but clearly they pushing fwd, assuming comments resolved ht @NateGeraci https://t.co/4NphZbtc55

— Eric Balchunas (@EricBalchunas) June 27, 2025

It should be noted that the SEC has yet to issue a formal approval for the product.

If approved, this would position the firm to be the first to offer a staking-based crypto ETF, ahead of competitors still pursuing spot Solana products.

Meanwhile, Nate Geraci, president of ETF Store, pointed out that such a move could serve as a catalyst for the industry. He noted that this may encourage other applicants to explore staked crypto offerings.

“Looks like they believe comments have been resolved…Crypto ETF summer commences,” he added.

This development follows the SEC’s notable regulatory progress last month. At the time, the agency stated that staking models alone do not automatically fall under securities laws.

It also clarified that extra features such as bundled services or early redemption options do not necessarily alter that status.

As a result, this guidance has encouraged several asset managers to revisit their ETF strategies.

Many have now submitted new proposals focused on income-generating digital assets.

The post SEC Moves Closer to Approving Staked Solana ETF appeared first on BeInCrypto.

PENGU has seen a sharp uptick in price, rising by 34% in the last 24 hours, reaching a multi-week high and nearing its May highs.

This surge is driven by a major development for Pudgy Penguins, sparking a bullish reaction from both holders and whales. The growing momentum is setting the stage for further growth.

Pudgy Penguins Whales Are Accumulating

Whales are actively accumulating PENGU to capitalize on its recent price rise. In just the last 24 hours, over 200 million PENGU, worth more than $2.4 million, were purchased by investors holding over $1 million worth of tokens. This significant accumulation is likely to help sustain the recent price rally.

With whales betting on further price growth, the buying pressure is expected to continue. As large holders accumulate PENGU, their actions help drive the market sentiment in a bullish direction, attracting smaller investors to follow suit.

This dynamic could play a crucial role in maintaining the meme coin’s upward momentum.

The overall macro momentum for PENGU shows strong bullish signals, with key technical indicators supporting the positive outlook.

The Relative Strength Index (RSI) is currently in the bullish zone, above the neutral mark, indicating a strong upward trend for the token. This is the highest level for the RSI in recent weeks, further confirming the altcoin’s bullish behavior.

The filing of the Canary PENGU ETF with the SEC has been a surprise for the community, adding significant weight to PENGU’s bullish outlook. The first-ever PENGU ETF and it could act as an additional catalyst for price movement. 

PENGU Price Aims Upwards

The PENGU price has risen nearly 30% in the past 24 hours, and the token is currently trading near $0.0134. The token is facing resistance around the $0.014 level.

This area previously acted as support before the sharp sell-off, and now it’s being tested from below, indicating potential resistance.

Suppose PENGU manages to break above the $0.01350 resistance with strong volume. In that case, the next key level to watch is around $0.01370–$0.01375, which is the next visible support-turned-resistance zone from earlier price consolidation.

A successful move through that range could open the path back toward $0.01400, where prior supply clusters exist.

Conversely, failure to sustain $0.01350 could result in a retest of the demand zone.

If sellers regain control and break below $0.01335, PENGU risks dropping further to the next demand area near $0.0129, where the previous bounce began.

This would signal ongoing bearish pressure and lack of bullish commitment.

The post Pudgy Penguins Nears a 3-Month High as CBOE Moves to List PENGU ETF appeared first on BeInCrypto.

HBAR has experienced considerable volatility over the past month, struggling to recover recent losses and break the month-and-a-half-long downtrend.

Despite these challenges, the altcoin remains in a critical position as traders remain optimistic about its potential breakout. However, a failure to break key resistance levels could lead to further price declines.

HBAR Traders Are Bullish

Throughout this month, traders have shown strong bullish sentiment toward HBAR. The funding rate has remained positive consistently, indicating a dominance of long contracts in the market.

This suggests that traders are confident about a potential price recovery and are positioning themselves to capitalize on a rise in value. The consistent optimism reflects a belief that HBAR can rebound from its current downtrend.

Also, the positive funding rate shows that more investors are willing to place bets on the future of altcoin despite the ongoing challenges.

The macro momentum for HBAR reveals that short traders could face substantial losses if the price rises. The liquidation map indicates that approximately $38 million worth of short contracts could be liquidated if HBAR breaks its current downtrend and rises to $0.163.

This would have a significant impact on the market, potentially fueling further buying momentum.

Short traders have been betting on continued price declines, but a breakout above key resistance levels could force them to exit their positions. This would create additional buying pressure, supporting the potential for a larger upward move.

HBAR Price Is Awaiting A Boost

At the time of writing, HBAR is trading at $0.148, just under the critical resistance level of $0.154. The altcoin is looking to breach this resistance and break the downtrend line that has been holding it back.

A successful push past this level would be a key milestone in HBAR’s recovery.

The factors supporting a potential breakout indicate that HBAR could rise to $0.163 if it manages to flip $0.154 into support. Reaching this level could trigger the liquidation of short positions, further driving the price up.

This could help HBAR gain momentum and recover from its recent downtrend.

However, if the broader market turns bearish, HBAR’s price could fall to $0.139. Losing this support would be a bearish signal, potentially driving the price further down to $0.133.

Such a decline would invalidate the bullish thesis and shift the market outlook back toward the bears.

The post Hedera (HBAR) Price Action Could Lead to $38 Million in Losses appeared first on BeInCrypto.

As some investors seek answers for ‘why the market is down today?’, others seek an alternative crypto investment platform. Hedera (HBAR) Investors seem to have discovered a different but simple way to earn crypto profits every day. 

As of June, Hedera (HBAR) records a 20% decline in the past month. Despite some analysts suggesting a possible bullish reversal, HBAR continues to trade below $0.15, a major barrier level against HBAR price recovery. To potentially overcome the selling pressure and start a bullish trend, HBAR price will have to rise above the $0.17 threshold. With reports of lesser activity, limited stablecoin flowing into the Hedera network, the prospects of HBAR price rising could be minimal.

Reportedly, HBAR investors are shifting to cloud mining through MiningCoop. Launched with the aim of making crypto mining rewards accessible to all, MiningCoop offers daily crypto profit earnings through diverse cloud mining contracts. 

MiningCoop Presents a New Approach to Bitcoin Mining: Bitcoin Cloud Mining

Traditionally, Bitcoin mining was the most difficult space to join and profit from. Bitcoin mining requires expensive hardware setup or a Bitcoin mining machine. Also, the electricity consumption, often compared to the amount consumed by a whole country, made it almost impossible for ordinary individuals to participate in Bitcoin mining.

Fortunately, MiningCoop launched cloud mining contracts that allow users to rent Bitcoin mining hashpower, with modest investments starting from $100. MiningCoop owns several Bitcoin mining farms across the globe, powered by renewable energy sources, making it less costly. Also, MiningCoop’s mining farms are fully AI-optimised, adding to cost efficiency. As such, the company achieves high profit margins, translating to high daily returns for the platform users.

High-Yield Daily Crypto Earnings Through MiningCoop

MiningCoop is a well-established platform for cloud mining of Bitcoin, Litecoin, and Dogecoin that pay high returns in the crypto investment space. A view into MiningCoop’s diverse cloud mining contracts reveals crypto profits ranging between $8 to $5,100 per day, depending on the purchased contract. 

Even better, MiningCoop offers a $100 bonus when users join MiningCoop cloud miners. The $100 helps in purchasing its Jaminer trial contract plan, allowing new investors to explore Bitcoin and Dogecoin cloud mining without spending their money. The $100 and profits of about $1.35 per day can be withdrawn.

A View Into MiningCoops Bitcoin & Dogecoin Cloud Mining Contracts:

What Attracts HBAR Investors to MiningCoop Bitcoin Cloud Mining:

• Unlike trading HBAR, which is affected by price fluctuations, MiningCoop offers stable and consistent daily crypto profits.
• 100% hands-off way to earn crypto. A new passive income stream
• Investor fund protection, the principal is refunded fully after each contract duration
• Short contract durations of between 1 day to 7 days.

MiningCoop Affiliate Program

Apart from the profitable Bitcoin, Litecoin, and Dogecoin cloud mining contracts, users can join MiningCoop’s affiliate program and earn USDT. The process is simple: sign up for the referral program, get a referral code to conduct social media promotion, and earn 3.5% commission each time a referral invests in MiningCoop.

With a little effort, users could build a passive income stream, offering substantial monthly earnings.

Final Thoughts

The crypto market is down today, indicating a possible liquidation of significant amounts of crypto investors’ money. HBAR investors shifting to Bitcoin, Litecoin, and Dogecoin cloud mining through MiningCoop offers them a good opportunity to earn crypto profits despite market uncertainty.MiningCoop may be a suitable option for individuals exploring cloud mining opportunities.

For more information: Mining Coop

The post MiningCoop Launches High-Yield Cloud Mining Contracts, Attracting Hedera (HBAR) Investors Amid Bitcoin Market Uncertainty appeared first on BeInCrypto.

Welcome to the US Crypto News Morning Briefing—your essential rundown of the most important developments in crypto for the day ahead.

Grab a coffee—you’ll need it. The financial market became much more unpredictable due to creeping inflation, political power plays, and market jitters. As the Federal Reserve (Fed) holds steady, new reports suggest the next big shift may come not from data, but from Donald Trump.

Crypto News of the Day: US Inflation Rises While Spending Slips

The Fed’s preferred inflation gauge, PCE (Personal Consumption Expenditures), rose in May. According to the latest data, the Core PCE Price Index rose 0.2% month-over-month (MoM) and 2.7% year-over-year (YoY), slightly above forecasts.

Headline PCE came in as expected, rising 0.1% on the month and 2.3% YoY

*US MAY PCE PRICE INDEX RISES 0.1% M/M; EST. +0.1%
*US MAY CORE PCE PRICE INDEX RISES 0.2% M/M; EST. +0.1%
*US MAY PCE PRICE INDEX RISES 2.3% Y/Y; EST. +2.3%
*US MAY CORE PCE PRICE INDEX RISES 2.7% Y/Y; EST. +2.6%

— *Walter Bloomberg (@DeItaone) June 27, 2025

Like the US CPI, this is the first rise in PCE inflation since February. Against this backdrop, experts anticipate the Fed pause to continue.

Based on the CME FedWatch Tool, there is a 79.3% probability of the Fed keeping interest rates unchanged in the July 30 meeting.

Further, signs of weakening consumer momentum emerged as personal income fell 0.4%. Meanwhile, real personal spending declined 0.3%. Both of these US economic indicators missed forecasts, reflecting softening economic conditions.

*US MAY PERSONAL INCOME FALLS 0.4% M/M; EST. +0.3%
*US MAY PERSONAL SPENDING FALLS 0.1% M/M; EST. +0.1%
*US MAY REAL PERSONAL SPENDING FALLS 0.3% M/M; EST. +0.0%

— *Walter Bloomberg (@DeItaone) June 27, 2025

While these inflation numbers reinforce the Fed’s cautious stance, political drama overshadows them. The growing possibility that President Donald Trump could soon install a MAGA-aligned Federal Reserve chair continues to shake financial markets.

Trump vs. Powell: Markets eye MAGA-friendly Fed Reshuffle

In his recent testimony before the Senate Banking Committee, Fed chair Jerome Powell said he expects inflation to increase this summer because of the Trump administration’s tariffs.

Meanwhile, reports indicate that Trump is considering replacing Powell with a loyalist as early as this summer.

There is deep momentum in Washington building for Jerome Powell’s resignation.

— Pulte (@pulte) June 26, 2025

While his term ends in May 2026, the move would undercut Powell’s final year in office, potentially injecting political risk into an institution long prized for its independence.

The political maneuvering triggered a sharp reaction in the currency markets, sending the US dollar to a three-year low. The dip comes amid fears of a politicized monetary policy environment ahead of 2026.

Trump, frustrated by Powell’s refusal to cut interest rates, has escalated his rhetoric, as indicated in previous US Crypto News publications.

In recent weeks, he’s called Powell the “WORST” and a “dummy” who is “costing America $Billions.” Behind closed doors, insiders say Trump is vetting candidates who would be “unstintingly loyal” and willing to implement rate cuts aligned with his economic agenda.

Reacting to the news, the US Dollar Index (DXY) is trending lower, revisiting levels last seen in 2022.

As inflation reawakens and spending slows, markets grapple with a new risk: that monetary policy could once again be steered by political loyalty rather than economic logic.

Chart of the Day

Byte-Sized Alpha

Here’s a summary of more US crypto news to follow today:

• Is 0.1 Bitcoin the New American Dream? CZ, Saylor, and Pulte think so.
• Trump Family, Hut 8, and Tether fast-track a new era of hyper-scale Bitcoin mining.
• TRM Labs report shows crypto theft hits record $2.1 billion in stolen funds in H1 2025.
• Bakkt Holdings files S-3 to raise $1 billion, eyes potential Bitcoin investment.
• US Congress passes Deploying American Blockchains Act: What it means for crypto.
• Zilliqa 2.0 launch sparks a surge in inflows, with the launch introducing full EVM support and cross-chain communication.
• The APT price hits a 16-day high as the first-ever Aptos Spot ETF inches closer to reality.
• Three macroeconomic factors to watch closely to know whether Bitcoin will thrive or struggle in Q3.
• Pi Network team drops 3 major updates ahead of Pi2Day, but Pi Coin price dips 16%.
• Bitcoin remains near its ATH above $100,000, yet spot volume lags, reflecting a cooling market absent of speculative intensity.
• Layer 2 tokens show explosive valuations—Arbitrum’s FDV-to-fee ratio hits 137.8x, while Starknet’s reaches an unsustainable 4,204x.
• Ethereum ETFs attract steady inflows amid dull price action—A setup for a July surge?
• XRP’s Liveliness indicator shows long-term holders accumulating, suggesting confidence in XRP’s long-term potential and providing a buffer against volatility.

Crypto Equities Pre-Market Overview

Company	At the Close of June 26	Pre-Market Overview
Strategy (MSTR)	$386.63	$385.19 (-0.37%)
Coinbase Global (COIN)	$369.21	$374.27 (+1.37%)
Galaxy Digital Holdings (GLXY)	$20.48	$21.12 (+3.31%)
MARA Holdings (MARA)	$15.27	$15.19 (-0.52%)
Riot Platforms (RIOT)	$10.51	$10.54 (+0.29%)
Core Scientific (CORZ)	$16.36	$17.62 (+7.70%)

The post Trump’s Fed Frustration Grows as Inflation Rises and Dollar Sinks | US Crypto News appeared first on BeInCrypto.

In June, Bitcoin’s hashrate suddenly plunged to its lowest level in over a year. The decline came amid heightened political tensions between the US and Iran, prompting speculation about a potential geopolitical connection.

However, experts remain divided. What are the arguments on both sides of the debate? Here’s a deeper look.

Bitcoin Hashrate Plunges After ATH – Is Iran the Culprit?

Hashrate, a key metric measuring the computational power securing the Bitcoin network, indicates the scale and health of mining activity.

A high hashrate means more miners participate, making the network more secure. When the figure drops, it typically suggests that many miners have paused operations for some reason.

According to CryptoQuant, the 7-day average Bitcoin hashrate dropped to 800 EH/s — its lowest level since March 2025.

This sharp decline occurred between June 14 and 24, coinciding with rising military tensions involving Israel, the US, and Iran.

Nic, founder of CoinBureau, proposed a provocative theory. He suggested Iran may have converted oil into Bitcoin to bypass sanctions and fund state spending.

In a post on X, Nic estimated that about 3.1% of the global Bitcoin hashrate could be coming from Iran.

About 1 in every 32 Bitcoin may be mined in Iran

According to some reports, Iran may account for ~3.1% of global BTC mining.

Why?

They figured out how to turn oil into crypto to dodge sanctions and spend freely.

How it works:

Domestic model: Burn oil/gas to power rigs…

— Nic (@nicrypto) June 26, 2025

He argued that the drop in hashrate following US airstrikes might not be coincidental. Bitcoin mining facilities operated by Iran’s Islamic Revolutionary Guard Corps (IRGC) could have been targeted.

This theory is supported by blockchain analytics firm Elliptic, which has reported that Iran uses Bitcoin mining as a financial tool to withstand international sanctions.

Mike Alfred, another analyst, went further. He claimed that Iran is not only evading sanctions with Bitcoin, but also selling BTC obtained through cyberattacks to buy missiles and upgrade its uranium enrichment infrastructure.

“We might have entered an era where countries are bombing each other’s Bitcoin mining facilities as part of the global hash war I predicted in 2017,” Max Keiser told BeInCrypto.

Could the US Be the Real Cause?

Rob Warren, author of The Bitcoin Miner’s Almanac, offered a different view. He suggested the drop may be rooted in domestic conditions in the US, not geopolitical conflict.

Instead of blaming airstrikes in Iran, Warren pointed to extreme heat in the US as a more likely factor.

“It’s impossible to know at any given moment how many miners are operating. Block time is the only proxy we have for existent hashrate. My guess is curtailment due to the US heat dome, combined with many other unknowns. I don’t think Iran is a single cause,” Warren said.

Tech investor Daniel Batten agreed and applied Occam’s Razor — the idea that the simplest explanation is usually correct.

He noted that record-high temperatures in Texas drove up electricity demand on the ERCOT power grid, forcing miners to scale down operations to prevent overload.

Data from the US Energy Information Administration (EIA) shows electricity usage in Texas has surged, partly due to the growth of data centers and mining facilities. Natural gas-powered electricity generation is projected to increase by 8% in 2025.

The crypto community watches closely for definitive answers as geopolitical instability and climate-related disruptions rise. Regardless of the cause, this hashrate drop will likely have long-term implications for Bitcoin’s price and mining strategies.

The post Experts Debate Why Bitcoin Hashrate Plummeted in June appeared first on BeInCrypto.

The cryptocurrency market has rebounded slightly this week following President Trump’s Monday announcement of the Israel-Iran ceasefire. 

Some assets have since extended their rallies, while others posted more tepid performances, struggling to maintain upward momentum. Amid this mixed market recovery, on-chain data reveals that crypto whales have been quietly accumulating select altcoins, including UNI, WLD, and SAND. 

Uniswap (UNI)

This week, decentralized finance (DeFi) token UNI has received significant whale attention. This is reflected by its large holders’ netflow, up 190% over the past seven days, per IntoTheBlock. 

Large holders are investors that hold more than 0.1% of an asset’s circulating supply. Their netflow measures the difference between the amount of tokens that they buy and sell over a specified period. When it surges like this, it signals strong accumulation by whales, suggesting growing confidence or a bullish outlook on the asset.

Moreover, the surge in large holder netflow could prompt retail traders to ramp up their UNI accumulation. If this buying pressure continues, the altcoin could break into the $7 price zone. 

On the other hand, if demand falls, the token’s price could dip to $5.91. 

Worldcoin (WLD)

WLD, the token that powers Sam Altman’s Worldcoin, is another altcoin that crypto whales have bought this week. Data from Santiment shows a notable rise in the coin holding of whale wallet addresses that hold between 100,000 and 1 million WLD tokens. 

During the week in review, this cohort of WLD holders acquired 1.72 million tokens, which are currently valued at over $3 million. 

If this whale demand soars, it could propel WLD’s price above the resistance at $0.97 in the near term.

However, if sentiment flips bearish and whales sell for profit, WLD could shed some of its value and plunge toward $0.57. 

The SandBox (SAND)

Metaverse-based token SAND is another asset that has seen a surge in crypto whale activity this week. According to data from Santiment, large investors holding between 1 million and 10 million tokens have accumulated 7.45 million SAND over the past week.

This significant uptick in whale accumulation suggests growing confidence in SAND’s long-term potential. 

If this buying trend extends to retail traders, it could further strengthen the token’s bullish momentum in the coming weeks and push its price toward $0.30.

On the other hand, if demand buying activity declines, SAND’s value could dip to $0.21.

The post Crypto Whales Bought These 3 Altcoins in the Fourth Week of June 2025 appeared first on BeInCrypto.

In the midst of this altcoin winter, corporate crypto firms like Coinbase, Circle, and Robinhood are outperforming all the leading tokens. Even Bitcoin is performing worse than companies that routinely purchase it.

A few factors, like supply and demand, improving macro sentiment after today’s US-China trade deal, and institutional preference for BTC, are powering this trend.

Corporate Firms Outpace the Altcoin Market

Many crypto investors have been waiting for an altcoin season, but it just isn’t coming. There are currently several competing explanations for this extended doldrum, yet none of them is completely convincing.

Meanwhile, corporate crypto firms like Coinbase are reaching an all-time high, and some analysts wonder if this market is replacing altcoins altogether:

Crypto equities are looking like better investments than alt tokens this cycle.@circle, @coinbase and @RobinhoodApp have crushed $BTC, $ETH and $SOL over the past month.

This is happening because TradFi has a much better set-up:

– TradFi has a LOT more capital (high… pic.twitter.com/NGoscCx4Wl

— Milk Road (@MilkRoadDaily) June 26, 2025

This notion might seem discouraging, but convincing pieces of evidence from many industry sectors support the claim. There are only a few corporate crypto stocks to invest in, paired up against countless altcoins.

Further, institutional investors have much more capitalization and liquidity than retailers. These supply and demand issues funnel capital into a few stocks.

However, that’s only one part of the equation. Essentially, corporate money is flooding into crypto, and it prefers Bitcoin much more than altcoins.

For example, a study in April claimed that 90% of institutional crypto fund investment is in Bitcoin ETFs, practically ignoring altcoin products.

At the same time, macroeconomic factors favoring the stock market are improving. For instance, the Iran-Israel war ended in less than two weeks with a ceasefire.

And today, Trump announced a trade deal with China, potentially ending the highly feared tariff war. As a result, Wall Street has been rallying, and US crypto stocks are a part of it.

BREAKING: S&P 500 futures officially enter new all time high territory. pic.twitter.com/0TJJZDzEJQ

— The Kobeissi Letter (@KobeissiLetter) June 26, 2025

In other words, a handful of “crypto stocks” are essentially running on Bitcoin. A retail investor could now build a diversified portfolio of corporate BTC holders while totally abandoning the altcoin market. That wasn’t possible even a year ago.

Nonetheless, casting this issue in terms of corporate distaste for altcoins is an oversimplification. After all, Bitcoin itself has been extremely volatile lately.

Coinbase, a leading crypto exchange, has been vastly outperforming BTC, but it also holds huge quantities of the token. Just yesterday, its CEO, Brian Armstrong, even announced that Coinbase buys Bitcoin on a weekly basis!

We’re buying more Bitcoin every week. Long #Bitcoin https://t.co/LleWBXGYTG

— Brian Armstrong (@brian_armstrong) June 26, 2025

All that is to say, this is a very worrying situation for several reasons. Obviously, this trend completely goes against the very concept of DeFi.

If corporate investors become the crypto industry’s primary market movers, why would anyone use altcoins? How will a decentralized economy function with this much centralization?

Moreover, it doesn’t look sustainable. Coinbase is ravenously investing in Bitcoin while simultaneously outperforming it. If crypto companies keep surpassing the actual industry, empty speculation will become a major engine of future growth.

The post Altcoin Investors Are Switching to Crypto Stocks Amid US-China Deal appeared first on BeInCrypto.

The idea of the colloquial “American Dream” might be due for an upgrade after BeInCrypto reported housing credits in the US considering Bitcoin-backed mortgages.

While homeownership has long defined financial success in the US, a growing movement led by crypto heavyweights says that even owning 0.1 Bitcoin (BTC) might soon surpass that milestone.

Binance’s CZ Says 0.1 BTC Could One Day Outvalue a House

Changpeng Zhao (CZ), founder and former CEO of the Binance exchange, suggested that owning just 0.1  BTC, worth $10,679 as of this writing, could one day be worth more than a house in the US.  

“The current American Dream is to own a home. The future American Dream will be to own 0.1 BTC, which will be more than the value of a house in the US,” the Binance executive shared in a post.

CZ was reacting to a post by William J. Pulte, a US housing policy official and crypto advocate, who announced crypto inclusion as an asset for a mortgage application.

According to CZ, this is great to see, with Bitcoin now counting as an asset when applying for a mortgage in the US.

After significant studying, and in keeping with President Trump’s vision to make the United States the crypto capital of the world, today I ordered the Great Fannie Mae and Freddie Mac to prepare their businesses to count cryptocurrency as an asset for a mortgage.

SO ORDERED pic.twitter.com/Tg9ReJQXC3

— Pulte (@pulte) June 25, 2025

Pulte is the director of the US Federal Housing Finance Agency (FHFA), which oversees major entities such as Fannie Mae, Freddie Mac, and the Federal Home Loan Banks.

The decision marks a fundamental shift in US financial policy. Enacting this policy, particularly regarding Bitcoin, enhances the pioneer crypto’s popularity among high-net-worth investors. More closely, it legitimizes crypto as a financial asset in federal housing policy.

“When I bought a house last year, I provided a portfolio summary from DeBank as proof of funds. No bank would accept such a document but realtors will accept the document for cash offers,” one user revealed.

This aligns with a broader trend of digital assets gaining mainstream legitimacy in financial infrastructure, including Bitcoin ETFs (exchange-traded funds) and Ethereum counterparts.

Notably, Pulte also revealed regulatory momentum, ordering executives at Fannie Mae and Freddie Mae to provide regulatory changes. After a “productive meeting,” Pulte confirmed the addition of crypto to US mortgage qualification.

Did you see we added crypto to US mortgages yesterday?

— Pulte (@pulte) June 26, 2025

Meanwhile, like CZ, MicroStrategy (now Strategy) executive chair Michael Saylor sees the move as Bitcoin’s foray into the American Dream.

Congratulations. Future generations will remember this as the moment Bitcoin entered the American dream.

— Michael Saylor (@saylor) June 25, 2025

Saylor has long viewed Bitcoin as a long-term store of value. This latest development cements that vision, tying Bitcoin to the foundational aspects of middle-class life such as homeownership.

In a recent US Crypto News publication, BeInCrypto reported Saylor offering MicroStrategy’s Bitcoin Credit framework to calculate credit risk using BTC price volatility and loan duration, among other factors.

Bitwise’s Jeff Park Explains The Rise of the “Wholecoiner”

Elsewhere, Jeff Park says the American Dream is being redefined for younger generations. According to the portfolio manager at Bitwise, becoming a “wholecoiner” (owning 1 full BTC) is replacing suburban homeownership as a symbol of financial independence for Millennials and Gen Z.

With US home prices soaring, weighing heavily on younger Americans, the dream of owning property is slipping away.

Similarly, student debt is a challenge, with reports suggesting high unemployment rates even for students graduating from top-of-the-line institutions.

The unemployment rate of Harvard’s 2025 graduating class of is ~25%, the highest on record.

This is only the beginning.

— John LeFevre (@JohnLeFevre) June 25, 2025

Meanwhile, Bitcoin, trading at $106,796 as of this writing, represents an alternative grounded in scarcity, autonomy, and global access. A report from Jumper Learn echoes this sentiment.

“Owning one Bitcoin is viewed as a milestone akin to homeownership in previous generations, anchored not to land but to sound money and digital autonomy,” read an excerpt in the blog.

The policy shift reflects a broader cultural transformation. As digital natives prioritize flexibility, decentralization, and sovereignty, Bitcoin is going beyond being just an asset and progressively becoming a lifestyle anchor.

As Saylor, CZ, and Pulte, among others, converge around this narrative, Bitcoin becomes a benchmark of aspiration. The modern American Dream could soon be measured in satoshis, not square footage.

The post Is 0.1 Bitcoin the New American Dream? CZ, Saylor, and Pulte Think So appeared first on BeInCrypto.

In the first six months of 2025, crypto thefts reached an unprecedented $2.1 billion, setting a new record for illicit activity in the crypto space.

This marks a significant escalation from previous years, with infrastructure attacks and state-sponsored actors, particularly North Korea, driving the surge in losses.

Crypto Theft Reaches New Heights in H1 2025 

In its latest report, TRM Labs, a blockchain intelligence firm, disclosed that between January and June 2025, the crypto sector endured nearly 75 distinct hacks and exploits. These attacks led to losses exceeding $2.1 billion,

This represented a 10% increase compared to the previous record of $2 billion stolen in the first half of 2022. Moreover, the amount is nearly equivalent to the funds stolen throughout all of 2024.

“The first half of 2025 has delivered a stark reminder of the crypto ecosystem’s vulnerabilities,” the report read.

TRM Labs noted that most of the stolen funds in the first half of 2025 (over 80%) resulted from infrastructure attacks. This includes tactics like stealing private keys and seed phrases or compromising platforms’ front end. On average, these incidents caused 10 times greater losses than other attacks, highlighting their outsized impact on the crypto ecosystem.

“Infrastructure attacks refer to attack techniques that target the technical backbone of the digital asset system to gain unauthorized control, mislead users, or reroute assets. Often enabled by social engineering or insider access, these breaches expose critical weaknesses at the foundation of cryptosecurity,” TRM added.

The firm also revealed that protocol exploits accounted for 12% of the stolen funds. This involves flash loans and re-entrancy attacks. 

Malicious actors exploit vulnerabilities in a blockchain protocol’s underlying logic or smart contracts. This allows them to extract funds or disrupt the system’s functionality.

Meanwhile, hackers stole over $100 million in January, April, May, and June. However, the industry witnessed the biggest losses in February with the Bybit hack. BeInCrypto reported that the North Korean Lazarus Group stole $1.5 billion from the exchange.

“This incident alone accounted for nearly 70% of total losses so far this year, pushing the average hack size to nearly $30 million — double the $15 million average in H1 2024,” the report stated.

It is important to note that the Bybit breach is not an isolated incident for North Korea-linked groups. In fact, state-sponsored groups have been tied to numerous high-profile hacks.

TRM Labs pointed out that North Korea-affiliated groups were behind $1.6 billion of the total stolen funds. Moreover, the report highlighted that other state actors are increasingly using crypto hacks as a tool for geopolitical leverage.

The latest Nobitex hack is an example of this. On June 18, pro-Israel hacking group Gonjeshke Darande (Predatory Sparrow) targeted Iran’s largest crypto exchange, resulting in a loss of over $90 million.

“Such events underscore how digital asset theft is becoming a covert instrument in geopolitical conflicts and national policy,” TRM Labs added.

To combat these exploits, TRM Labs advocated for a multi-layered defense strategy. Recommendations include regular security audits, multi-factor authentication (MFA), and using cold storage.  

The firm emphasized the need for advanced defenses against state-level threats, such as improved insider threat detection and countermeasures for social engineering. Lastly, TRM Labs stressed the importance of global collaboration among law enforcement, financial intelligence units, and blockchain intelligence firms to track stolen funds and prosecute cybercriminals.

The post Crypto Theft Hits Record $2.1 Billion in Stolen Funds in H1 2025, TRM Labs Reports appeared first on BeInCrypto.