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NewsBriefs - Canary Capital registers staked Injective INJ ETF in Delaware

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  • 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.

    PhoenixNews

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    • The Block

      US Senate advances GENIUS Act to regulate stablecoins

      The US Senate has voted 68 to 30 to advance the GENIUS Act, aiming for imminent finalization. The act, set to regulate stablecoins, mandates they be fully backed by US dollars or equivalent assets and requires annual audits for issuers with over $50 billion in market capitalization. President Trump's administration has supported the bill, anticipating his signature before August. Despite partial dissent from some Democrats, the Senate moves forward amid continued discussions and varying stablecoin regulation proposals in the House.

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      The Block

    • Bureau of Labor Statistics

      US May CPI comes in at 2.4% as inflation cools slightly

      In May 2025, the US Consumer Price Index (CPI) recorded a mild increase of 0.1 percent from the previous month, following a 0.2 percent rise in April. The annual inflation rate reached 2.4 percent, slightly under the anticipated 2.5 percent but up from 2.3 percent the preceding year. Key contributors to the month's CPI rise included shelters and food indices, both up by 0.3 percent, while the energy index fell by 1.0 percent, led by a decline in gasoline prices. Over the same 12-month period, food price inflation climbed to 2.9 percent, and energy prices contracted by 3.5 percent.

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      Bureau of Labor Statistics

    • FT

      CoinDesk's parent company Bullish files for US IPO amid rising investor interest in crypto

      Crypto exchange Bullish, backed by Peter Thiel, has confidentially filed for a US initial public offering (IPO), positioning itself amidst strong investor demand and industry-friendly policies under Trump's administration. The company had previously attempted a public launch through a SPAC deal in 2021, which failed. Jefferies is the lead underwriter for the new IPO effort, leveraging a renewed enthusiasm for crypto assets, evidenced by Circle Internet's recent successful IPO and other exchanges like Gemini planning US listings.

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      FT

    • The Block

      IREN plans $450 million convertible notes offering to fund expansions and investor strategies

      IREN, a Nasdaq-listed bitcoin mining and AI company, announced a private offering of convertible senior notes aimed at raising $450 million, potentially increasing by $50 million for early buyers. The funds will support capped call transactions to reduce equity dilution, a prepaid forward share repurchase up to $100 million for price stabilization, and general corporate needs. IREN operates extensive data centers in the US and Canada, focusing on bitcoin mining and AI technologies.

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      The Block

    • The Block

      South Korean lawmaker introduces new crypto bill focusing on stablecoin licensing

      South Korean lawmaker Min Byeong-deok proposed the Digital Asset Basic Act, aimed at establishing a structured regulatory framework for the digital asset ecosystem in South Korea. This bill introduces a new licensing regime specifically for stablecoin issuers, requiring them to have a minimum of 500 million Korean won in owner's capital. This regulation aligns with President Lee Jae-myung's objectives to support a local Korean won-based stablecoin market and prevent the outward flow of capital.

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      The Block

    • 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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      PhoenixNews

    • 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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      GOV.UK

    • 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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      Chainlink

    • 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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      Michael Mo | KULR CEO

    • 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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      Strategy

    • 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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      The Block

    • 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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      Cetus

    • 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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      The Block

    • 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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      The Block

    • 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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      Business Wire