State of Crypto

Every week, we explore how regulations and policies shape the cryptocurrency landscape and how the crypto world influences these rules in return.

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Hashed Research CEO Appointed Chief Policy Officer at Presidential Office

1 day ago | coindesk.com | Sam Reynolds

Hashed's Kim Yong-beom was the former Vice Minister at Korea's Ministry of Economy and Finance. By Sam Reynolds|Edited by Nikhilesh De Jun 6, 2025, 7:50 p.m. Korea's new President, Lee Jae-myung, has appointed the CEO of Hashed Research, Kim Yong-beom, to be the Chief Policy Officer of Korea's Presidential Office. A very sad day at @hashed_official. The new president just stole the CEO of our proud think tank, Hashed Open Research.
Uber Once Again Says It's Considering Crypto (USDC, USDT) Years After Considering BTC Payments

2 days ago | coindesk.com | Sam Reynolds

Uber CEO Dara Khosrowshahi said the ride-hailing giant is exploring the use of crypto as a payment method, which marks the third time the company has made the claim since 2021. Speaking Thursday at the Bloomberg Tech conference in San Francisco, Khosrowshahi said the company is in the “study phase” of evaluating stablecoins for operational use. STORY CONTINUES BELOWDon't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today.
BTC Bulls Laser Focused on $120K Despite Trump-Musk Turmoil

2 days ago | coindesk.com | Sam Reynolds

Good Morning, Asia. Here's what's making news in the markets:Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk's Crypto Daybook Americas. Bitcoin BTC$101,887.74 is trading above $101.5K as Asia begins its trading day, shrugging off fresh tariff uncertainties from the Trump administration.
Senate Stablecoin Bill Likely to Win Massive Bipartisan Support, Dem Lawmaker Says

2 days ago | coindesk.com | Nikhilesh De |Jesse Hamilton

WASHINGTON, D.C. — As many as 16 Democrats may vote in favor of the Senate's stablecoin bill when it gets to its final set of votes in the legislative body, Arizona Senator Ruben Gallego said Thursday.
OFAC Sanctions Philippines-Based Tech Company For Facilitating Pig Butchering Schemes

2 days ago | coindesk.com | Cheyenne Ligon

The U.S. Department of the Treasury has sanctioned a Philippines-based tech company, Funnull Technology Inc., for providing the computer infrastructure for “hundreds of thousands of websites” involved in pig butchering scams, according to a Thursday press release from the Treasury’s Office of Foreign Asset Control (OFAC). OFAC also sanctioned Liu Lizhi, a Chinese national working as Funnull Technology’s administrator.
Trump Family Hits Magic Eden With Cease-and-Desist Over Crypto Wallet Plans: Bloomberg

2 days ago | coindesk.com | Cheyenne Ligon

The family of U.S. President Donald Trump has allegedly sent a cease-and-desist letter to two entities behind a forthcoming — and already heavily disputed — Trump-branded crypto wallet, according to a Thursday report from Bloomberg. STORY CONTINUES BELOWDon't miss another story.Subscribe to the State of Crypto Newsletter today. See all newslettersBy signing up, you will receive emails about CoinDesk products and you agree to our terms of use and privacy policy.
Ethereum Foundation Unveils New Treasury Policy With 15% Opex Cap

2 days ago | coindesk.com | Margaux Nijkerk

The Ethereum Foundation published an updated treasury policy on Wednesday, outlining a series of new plans around token sales, fiat purchases and transparency practices designed to ensure the organization's "long-term agency, sustainability, and legitimacy."STORY CONTINUES BELOWDon't miss another story.Subscribe to the The Protocol Newsletter today. See all newslettersBy signing up, you will receive emails about CoinDesk products and you agree to our terms of use and privacy policy.
U.S. Federal Reserve's New Supervision Chief Will Wield Crypto Authority

2 days ago | coindesk.com | Jesse Hamilton

The Federal Reserve — a key regulator of U.S. banking — is about to have a new vice chairman for supervision, Michelle Bowman, who will ultimately guide how the Fed oversees the financial system, possibly including how stablecoin issuers are regulated. STORY CONTINUES BELOWDon't miss another story.Subscribe to the State of Crypto Newsletter today. See all newslettersBy signing up, you will receive emails about CoinDesk products and you agree to our terms of use and privacy policy.
HyperLiquid's Market Making Vault Grows by $250M in 2 Months Despite JELLY Fiasco

2 days ago | coindesk.com | Oliver Knight

The vault's TVL dropped to just $163 million after a controversial trade settlement in March. By Oliver Knight|Edited by Stephen Alpher Jun 5, 2025, 3:02 p.m. The yield-bearing vault created by decentralized exchange HyperLiquid has grown from $163 million to $418 million over the past two months despite centralization concerns around the JELLY market fiasco in March, data from DefiLlama shows.
Plume Launches Genesis Mainnet to Bring Real-World Assets to DeFi

2 days ago | coindesk.com | Margaux Nijkerk

The launch according to the Plume team marks the "next generation" of asset-backed DeFi.By Margaux Nijkerk|Edited by Sam Kessler Jun 5, 2025, 3:00 p.m. Plume, a blockchain network focused on real-world assets, announced on Thursday the launch of its hotly anticipated Genesis mainnet. STORY CONTINUES BELOWDon't miss another story.Subscribe to the The Protocol Newsletter today.