Kraken, the second-largest crypto exchange in the U.S., has secured a MiCA license from the Central Bank of Ireland, allowing it to offer regulated crypto services across all 30 EU member states.

This follows its e-money license in 2023 and MiFID authorization in February 2025, marking a major step in Kraken’s European compliance strategy.

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FHFA Director Bill Pulte has ordered Fannie Mae and Freddie Mac to incorporate cryptocurrency into mortgage asset evaluations, aligning with President Trump’s vision of making the U.S. the “crypto capital” of the world.

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Prediction market platform Kalshi is raising over $100m at a valuation above $1bn, with the round led by crypto-focused firm Paradigm.

Unlike competitor Polymarket, Kalshi is federally regulated and accessible to U.S. users, marking a key distinction in the growing prediction market space.

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The White House’s Deputy Director announced that the U.S. government has a “Bitcoin accumulation plan” to purchase BTC for its reserves.

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Bitcoin balances on exchanges have dropped to historic lows, signaling a major liquidity squeeze. More BTC is being held by long-term holders and ETFs, leaving less available for open market trading.

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According to some experts, the adoption of the GENIUS Act poses a serious threat to Tether’s dominance in the stablecoin market.

⚫️GENIUS requires 100% backing with liquid assets, annual audits, full reserve transparency, and U.S. registration
⚫️Tether holds reserves in volatile assets like Bitcoin and gold, with limited disclosure
⚫️Moving HQ to El Salvador likely won’t bypass U.S. regulations
⚫️Tether has promised audits since 2017 but hasn’t delivered
⚫️ Its only options: launch a U.S.-compliant stablecoin or focus on offshore markets

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The U.S. dollar has dropped 10.15% year to date, marking its worst first-half performance since the 1980s as confidence in fiat fades and capital flows into other assets including crypto.

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SEC Commissioner Hester Peirce said in-kind redemptions for crypto ETFs are “certainly on the horizon,” responding to months of industry requests led by firms like BlackRock.

While she didn’t confirm a timeline, she acknowledged growing interest and noted that related filings are under review.

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The U.S. announced that the QoQ GDP contracted by 0.5% annualized, more than the expected -0.2%.

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Kraken has launched Krak, a new global money app that lets users send funds instantly across 110 countries using over 300 crypto, stablecoin, and fiat assets—without needing bank details or wallet addresses.

The app also offers yield-earning accounts, with up to 4.1% rewards on USDG balances and up to 10% on 20+ digital assets.

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U.S. Senate Banking Committee Chair Tim Scott stated on June 26 that crypto market structure legislation will be finalized by September 30—pushed beyond President Trump’s August target but ahead of Senator Lummis’s year-end estimate.

He also urged the House to swiftly pass the Senate-approved GENIUS Act, which establishes a regulatory framework for stablecoins.

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Trump may soon name a successor to Fed Chair Jerome Powell, signaling an early shift in U.S. monetary leadership.

⚫️Trump mentioned 3-4 possible candidates and criticized Powell’s leadership
⚫️Naming a successor early could weaken Powell’s influence and shape market expectations
⚫️Powell’s term ends May 15, 2026, but an announcement may come as early as this summer

Potential candidates:

⚫️Kevin Warsh (former Fed governor; advocate of looser monetary policy)
⚫️Kevin Hassett (NEC director; close to Trump and his former economic advisor)
⚫️Scott Bessent (current U.S. Treasury Secretary; possibly already a “shadow” candidate)
⚫️Others: David Malpass (former World Bank president) and Christopher Waller (current Fed governor)

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Mullen Automotive, an American automotive and electric vehicle manufacturer, announced it will now accept cryptocurrency, including Bitcoin and the TRUMP meme coin, for purchasing its Mullen and Bollinger commercial EVs.

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Russia has reported its first default on digital financial assets, as Novosibirsk-based car dealership Autocity failed to meet obligations on ₽200,000,000 (around $2.25m) in CFA bonds.

Investors were offered to swap their 20.5% yield assets for new ones at 18% with a 2028 maturity, citing “challenging economic conditions.”

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Bhutan has quietly amassed 12k BTC (worth $1.3bn) of Bitcoin reserve since launching its mining initiative in 2020—equivalent to nearly 40% of its GDP—making it the third-largest state holder of Bitcoin.

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Bit Digital raised $150m in a public offering to accelerate its shift from Bitcoin mining to Ethereum staking and financial services.

The company priced 75m shares at $2 each, with an option for 11.25m more. Proceeds will go toward purchasing ETH—one of the largest public Ethereum commitments to date.

Bit Digital is phasing out its mining business and has filed a confidential IPO for its HPC-focused subsidiary, WhiteFiber Inc.

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Tether CEO Paolo Ardoino revealed the company is reviewing the first design plan for the "Tether Tower" in El Salvador.

The company is backing initiatives related to mining, renewable energy, and financial infrastructure, signaling deepening collaboration with the Salvadoran government.

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The U.S. is building infrastructure for strategic Bitcoin reserves, according to White House digital asset adviser Bo Hines.

Hines said the government is “very inclined” to grow its BTC holdings in a budget-neutral way. While Trump’s March executive order doesn’t mandate disclosure, the Treasury may choose to publicly reveal existing reserves.

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