NewsBriefs - Canary Capital registers staked Injective INJ ETF in Delaware

Jun 9, 7:24 PM PhoenixNews

Canary Capital registers staked Injective INJ ETF in Delaware

Canary has registered a staked INJ exchange-traded fund (ETF) in Delaware, marking a significant expansion in its crypto offerings.

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• Jun 9, 7:24 PM PhoenixNews

  Canary Capital registers staked Injective INJ ETF in Delaware

  Canary has registered a staked INJ exchange-traded fund (ETF) in Delaware, marking a significant expansion in its crypto offerings.

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• Jun 9, 6:51 PM GOV.UK

  UK names first dedicated crypto specialist to help recover online assets like Bitcoin

  The Insolvency Service has appointed its first dedicated crypto intelligence specialist, Andrew Small, to enhance the tracing and recovery of crypto in bankruptcy and criminal cases in the UK. This initiative is in response to a substantial increase in insolvency cases involving crypto assets, growing by 420% over the past five years. Small will provide deep insight into the crypto market, helping the agency recover more funds owed to creditors. In the last year, over £500,000 in crypto assets were identified in insolvency proceedings, significantly higher than the figures from five years ago.

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• Jun 9, 3:19 PM Chainlink

  Chainlink powers cross-border CBDC and stablecoin exchange in Hong Kong pilot

  Chainlink is driving the secure exchange between a Hong Kong CBDC and an Australian dollar stablecoin in Phase 2 of the e-HKD+ Pilot Program. This initiative, involving prominent participants like Visa, ANZ, China AMC, and Fidelity International, aims to transform cross-border payments.

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• Jun 9, 12:26 PM Michael Mo | KULR CEO

  KULR buys 118 Bitcoin, boosting holdings to 920 BTC

  KULR recently purchased 118.6 Bitcoin for approximately $13 million, priced around $107,861 each, increasing their total holdings to 920 Bitcoin. The assets were acquired at an average price of about $98,760 per Bitcoin, achieving a Bitcoin yield of 260% year-to-date.

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• Jun 9, 12:06 PM Strategy

  Strategy acquires 1,045 Bitcoin for $110 million, achieves 17% yield

  Strategy has purchased 1,045 Bitcoin for approximately $110.2 million, with an average purchase price of about $105,426 per Bitcoin. The company has achieved a Bitcoin yield of 17.1% year-to-date as of June 8, 2025. Their total holdings now amount to 582,000 Bitcoin, acquired at an overall investment of around $40.79 billion.

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• Jun 7, 9:42 PM The Block

  BiT Global ends legal dispute with Coinbase over wBTC delisting

  BiT Global has agreed to dismiss its lawsuit against Coinbase, which was based on allegations of anti-competitive behavior following Coinbase's delisting of wBTC after launching a competing token, cbBTC. The agreement to end the legal challenge includes each party bearing their own legal costs, and the case cannot be reopened. Wrapped Bitcoin tokens like wBTC and cbBTC are used on blockchain networks such as Ethereum, but they require users to trust a centralized custodian.

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• Jun 7, 6:13 PM Cetus

  Cetus protocol set for June 8 relaunch following recovery from hack and security overhaul

  Cetus announced a comprehensive recovery plan following a hack targeting its CLMM pools, leading to significant token losses. The protocol will relaunch on June 8, 2025, at 3:00 UTC, with enhanced security measures and assets restored using funds from the Cetus treasury, a Sui Foundation loan, and recovered assets from the attacker. Furthermore, compensation for liquidity losses will be offered through CETUS tokens, with a commitment to prevent inflation by adjusting the vesting schedule. The relaunch aims to reestablish functionality and confidence in the protocol.

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• Jun 7, 4:29 PM The Block

  Alex Lab to fully reimburse users after $8.3 million crypto exploit, token value drops by 45%

  Bitcoin DeFi protocol Alex Lab experienced a major $8.3 million exploit due to a flaw in the protocol's programming logic. This has led to the loss of various cryptocurrencies from liquidity pools. Alex Lab, based on the Stacks network, has promised to reimburse affected users fully using treasury funds. The protocol's native token $ALEX fell by 45% following the exploit. This is the second major security breach Alex Lab has faced, the first being a $4.3 million theft in May 2024, attributed to a phishing attack.

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• Jun 6, 9:49 PM The Block

  Pump.fun plans revenue share with PUMP token holders

  Pump.fun, aiming to secure $1 billion through an ICO, is considering allocating protocol revenue to holders of its upcoming PUMP token. Details are still under discussion, including whether revenue from their decentralized exchange PumpSwap will be included. Despite declining revenues, with daily figures dropping from a peak of $7 million to about $1 million, the platform has accumulated $677 million since its launch. Pump.fun also revealed plans for a token launch aiming for a $4 billion valuation, with both private and public investors expected to participate, and total token supply capped at 1 trillion.

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• Jun 6, 5:31 PM Business Wire

  Gemini files draft registration for IPO amid growing public interest in crypto

  Gemini, a cryptocurrency exchange founded by Cameron and Tyler Winklevoss, has confidentially submitted a draft registration for an initial public offering (IPO) with the US Securities and Exchange Commission for its Class A common stock. The number of shares and price range are not yet determined, with the IPO expected after the SEC completes the review process, depending on market conditions. This filing aligns with recent trends as other crypto firms like Circle and Kraken also move towards public listings, supported by a regulatory environment that has grown more crypto-friendly under the current US presidency.

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• Jun 6, 11:28 AM Strategy

  Strategy prices initial STRD Stock offering at $85 per share, increases deal size to $1B

  Strategy has priced its initial public offering of 11,764,700 shares of its 10.00% Series A Perpetual Stride Preferred Stock at $85 each, with the issuance set for June 10, 2025. The deal, upsized from $250 million to $1 billion, anticipates about $979.7 million in net proceeds, to be used for general corporate purposes, including bitcoin acquisitions and working capital. The non-cumulative dividends from the STRD Stock, if declared, will be payable quarterly.

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• Jun 6, 6:20 AM CoinDesk

  Gemini confidentially files for IPO following Circle’s NYSE surge

  Gemini, a crypto exchange founded by the Winklevoss twins, has confidentially submitted a draft registration statement to the US Securities and Exchange Commission for an initial public offering of its Class A common stock. The firm aims to become publicly traded, joining the increasing list of crypto companies entering traditional capital markets. Gemini's IPO plans follow settlements of legal actions and involve major financial advisors, positioning it at a significant juncture in the crypto industry's push for mainstream financial acceptance.

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• Jun 5, 7:37 PM The Block

  CoinFlip explores potential $1 billion sale as it seeks buyers

  Bitcoin ATM operator CoinFlip is exploring the possibility of a $1 billion sale and has engaged a financial advisor to assist in this preliminary stage. The firm seeks to capitalize on the ongoing rise in crypto mergers and acquisitions but there is no certainty on achieving the desired sale amount or the completion of the sale itself. CoinFlip is currently ranked as the second-largest cryptocurrency ATM operator globally.

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• Jun 5, 11:23 AM The Block

  US government seizes crypto and domains from darknet marketplace BidenCash

  The US government has seized cryptocurrency funds and 145 domains from the darknet marketplace BidenCash, as announced by the US Attorney's Office for the Eastern District of Virginia. Authorities allege that BidenCash generated over $17 million in illicit revenue by facilitating the sale of over 15 million stolen payment card numbers and personal information. The seized domains are now redirected to a law enforcement-controlled server, rendering them inoperable for further criminal activity.

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• Jun 4, 9:57 PM The Block

  Circle's IPO raises $1.1 billion, surpassing initial targets

  Circle, the issuer of the stablecoin USDC, successfully raised approximately $1.1 billion in an upsized initial public offering (IPO), selling 34 million shares at around $31 each. This amount exceeded the initial sale target and gives Circle a market valuation of $6.9 billion with a fully diluted value of $8.1 billion. Stablecoin adoption continues to expand, highlighted by the legislative focus in the US with the GENIUS Act aiming to regulate the stablecoin industry.

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