Russia’s Sberbank offers Bitcoin-linked bonds

Russia’s largest commercial bank, Sber has launched a Bitcoin-linked bond product that tracks the cryptocurrency’s change in price and the dollar-to-ruble exchange rate. The product is already available to qualified investors in the over-the-counter market, and Sber plans to list the product on the Moscow Stock Exchange in the future, the company formerly known as … Read more

Australia overhauls crypto ATM rules to combat rising scams

Australia’s national financial intelligence agency has rolled out new operating rules and transaction limits for crypto ATM operators, as federal police say scams through the kiosks are on the rise. The Australian Transaction Reports and Analysis Centre (AUSTRAC) is enforcing a 5,000 Australian dollar ($3,250) limit on cash deposits and withdrawals on crypto ATMs, scam … Read more

Robinhood acquires crypto exchange Bitstamp for $200M

Robinhood Markets, Inc. has closed a $200 million acquisition of Luxembourg-based crypto exchange Bitstamp, adding over 50 licenses and registrations and an established institutional client base to its crypto arm. The $200 million consideration was unchanged from an initial agreement in June 2024 and was paid entirely in cash, Robinhood said on June 2. Source: … Read more

Ethereum Foundation restructures, rebrands Protocol team

The Ethereum Foundation (EF) has restructured its internal development group, rebranding its core research team and laying off some staff in the process. According to a June 2 announcement, the EF’s former Protocol Research & Development (PR&D) team is now simply “Protocol,” which will focus on three strategic goals: scaling Ethereum’s base layer (L1), expanding … Read more

The urgent need for DePIN.

Opinion by: Carlos Lei, co-founder and CEO of Uplink Seeing Spain, Portugal, and France go dark recently? Sure, millions lost power. It was a connectivity collapse, showing just how brittle communication lifelines become when the power dies. Don’t think for a second this is just a European problem. The same script plays out all over. … Read more