Cryptocurrency News Live: Netcapital's portfolio company Zelgor acquires crypto protocol Mixie

Netcapital, a financial technology company listed on the Nasdaq, announced that its portfolio company Zelgor has acquired Mixie, a crypto-native, no-code Web3 gaming platform, for an undisclosed sum, CoinTelegraph said in a report. This acquisition, which occurred on Monday, June 9, 2025, is described as a move to bridge traditional and decentralized finance. A company spokesperson stated this was the first instance of a publicly-listed company acquiring a crypto-native protocol specifically to expand the blockchain industry. Following the news, Netcapital's (NCPL) shares reportedly surged over 16%.

Cryptocurrency platform Uphold is considering strategic options including an Initial Public Offering (IPO) or a sale, with the company reportedly seeking a valuation of over $1.5 billion, The Block said in a report. Uphold's CEO confirmed the platform's strategy of actively courting XRP-avid consumers in the United States, a key part of their business approach. This focus is particularly notable because, as background, Uphold continued supporting XRP trading for US users when many other platforms delisted it in the past following the SEC's lawsuit against Ripple.

Former U.S. Securities and Exchange Commission (SEC) Commissioner Paul Atkins, who is currently CEO of Patomak Global Partners, voiced criticism of current SEC Chair Gary Gensler’s regulatory strategy towards cryptocurrency and strongly defended the principle of self-custody, terming it a “foundational American value,” CoinTelegraph said in a report. Atkins made these remarks while addressing regulators and industry leaders at an event focused on Decentralized Finance (DeFi). His comments highlight ongoing debates within the U.S. regarding the SEC's 'regulation by enforcement' approach under Gensler and underscore the importance of individual asset control in the crypto space, a principle Atkins champions against the backdrop of regulatory actions primarily targeting intermediaries rather than individual self-custody.

The Democratic Party is reassessing its approach to the cryptocurrency industry, a shift occurring as President Donald Trump actively promotes digital assets and his administration engages with industry leaders, AP says in a report. This evolving stance is highlighted by significant Democratic support for the Financial Innovation and Technology for the 21st Century Act (FIT21) in the House, even as some Democrats criticize perceived corruption linked to President Trump's crypto dealings and White House activities. The party's internal debate reflects a broader political recognition that an "anti-crypto" position could be disadvantageous, contrasting with the more cautious, regulatory focus historically maintained by the former Biden administration.

Bitcoin and Solana prices have increased following a recent agreement between the US and China to hold trade talks, and this rise occurs ahead of an anticipated key US Treasury bond auction, Decrypt says in a report. This development is noteworthy as, in a contrasting event last month, a poorly received 20-year bond auction reportedly triggered a sudden drop in Bitcoin's price, underscoring the cryptocurrency market's sensitivity to macroeconomic news and traditional financial market indicators.

KULR Technology Group, a company known for thermal management and battery safety solutions which has adopted a "'Bitcoin First'" treasury strategy, is looking to raise $300 million to expand its Bitcoin reserves, Decrypt says in a report. The publicly traded company currently holds 920 Bitcoin, valued at approximately $55 million to $65 million as of early June 2025, and this new capital aims to significantly increase its exposure to the cryptocurrency.

A crypto investor recently lost $2.6 million within hours due to a zero-value transfer scam, a sophisticated form of address poisoning that doesn't require compromising private keys, CoinTelegraph said in a report. This scam involves fraudsters sending zero-value or very small transactions from an address visually similar to one the victim frequently uses, thereby planting the malicious address in the victim's transaction history. When the victim later intends to send funds, they may inadvertently copy the scammer's address from their history, redirecting their assets. Such incidents underscore the increased need for crypto user vigilance, including meticulous verification of full recipient addresses, and highlight ongoing pressure on crypto platforms to improve user interface warnings and address book features to mitigate these risks. The prevalence of these social engineering attacks continues to challenge user safety in the cryptocurrency space.

KULR Technology announced its entry into the Bitcoin for Corporations initiative and a recent acquisition of $13 million more in Bitcoin, according to a report in Bitcoin Magazine. This purchase has increased the company's total Bitcoin reserves to 920 BTC.

Japanese firm ANAP Holdings, Inc. has officially announced the launch of its "Bitcoin Business" through a formal corporate filing, detailing plans to enter Bitcoin-focused operations across treasury, finance, fashion, and mining, Bitcoin Magazine said in a report. The company, in a statement signed by President and CEO Yuta Sawaki, confirmed its consolidated subsidiary ANAP Lightning Channel will be involved in the initiative, which aims to accumulate over 1,000 BTC by August 2025.

Bitcoin's price has rebounded, approaching $108,000, with market sentiment reportedly lifted by factors including ongoing US-China trade talks and positive equity market forecasts, CoinTelegraph says in a report. A significant development contributing to this movement was a newly created "whale" wallet establishing a $54.5 million 20x leveraged long position on Bitcoin at a price of $106,538.

The Paraguayan government stated on Monday that President Santiago Pena's official X account was "likely hacked" after a post appeared promoting cryptocurrency Bitcoin trading, Reuters said in a report. According to a government statement, the president's X account "presented irregular activity which suggests possible unauthorized entry."

Nasdaq-listed IT solutions provider Oblong announced on June 6 its plans to raise $7.5 million through a private stock sale, with the proceeds intended to support a new Bittensor-driven artificial intelligence (AI) and digital asset treasury initiative, CryptoSlate said in a report. The company intends to acquire Bittensor TAO tokens as part of this "Bitcoin-style" treasury strategy, and its shares increased by 12% following the announcement.

BitMine Immersion Technologies, Inc., a Bitcoin-focused technology company, has made its first treasury acquisition by purchasing 100 Bitcoin on the open market, Bitcoin Magazine said in a report. This move, funded by proceeds from the company's public stock offering that closed on June 6, also signifies the launch of BitMine’s formal Bitcoin Treasury business.

Recent developments in the cryptocurrency gaming sector include the launch of 'Bonk Arena,' a 'Kill-to-Earn' game built on the Solana blockchain that integrates the BONK meme coin, Decrypt said in a report. Furthermore, 'FIFA Rivals,' a crypto-enabled game understood to be associated with the EA Sports FC series rather than an official FIFA organization title following the EA-FIFA split, is reportedly days away from its release. The crypto gaming landscape is also seeing a new project inspired by the popular 'Flappy Bird' game, which is being developed with cryptocurrency integration.

Tether, the company behind the USDt stablecoin, is planning to develop and launch an open-source Bitcoin mining operating system, with a target release by the fourth quarter of 2025, CoinTelegraph reports. Paolo Ardoino, Tether's CEO, stated that this initiative aims to reduce the necessity for third-party vendors in the Bitcoin mining software space, potentially offering miners more transparency and control. This move signifies Tether's further expansion into the Bitcoin mining ecosystem, building on its existing investments in mining infrastructure.

MicroStrategy Executive Chairman Michael Saylor views the perceived quantum computing threat to Bitcoin as a tactic employed by promoters of what he terms 'yo-yo tokens' to market their own cryptocurrencies, according to a report in CoinTelegraph. Saylor further stated that even if a major technology company were to develop a quantum computing capability that could genuinely threaten Bitcoin, such technology would likely be kept secret and not released publicly, implying its potential impact would be too significant or strategically valuable to disclose.

STETH, a liquid staking token issued by Lido Finance, is currently trading at $2,520.95, marking a 0.44% change over a recent period, Decrypt says in a report. This token represents Ether (ETH) staked on the Ethereum network, enabling users to earn staking rewards without needing to lock up their ETH or manage a validator node. The value of STETH is designed to closely track the price of ETH, reflecting its underlying staked assets and accrued rewards.

The LDO token, which serves as the governance token for Lido DAO, a prominent liquid staking protocol primarily for Ethereum, was trading at $0.825764, marking a 0.72% rise, Decrypt says in a report. The token's performance occurs within a dynamic market influenced by several ongoing factors. These include the continued growth in Ethereum staking, which drives demand for liquid staking solutions like Lido. Additionally, Lido faces increasing competition in the liquid staking sector from other decentralized protocols and centralized exchanges. The emergence of restaking protocols such as EigenLayer is also shaping the Ethereum staking ecosystem, creating new considerations for LDO holders. Ongoing governance activities within the Lido DAO, concerning aspects like protocol fees and treasury management, further play a role in the protocol's trajectory and LDO's utility.

Wrapped Bitcoin (WBTC) remains a primary asset for channeling Bitcoin's liquidity into Ethereum-based decentralized finance (DeFi) protocols, facilitating activities such as lending, borrowing, and trading on platforms like Aave, Compound, and Uniswap, Decrypt says in a report. The circulating supply of WBTC adjusts according to the demand for Bitcoin exposure within the Ethereum ecosystem, driven by the minting (wrapping of BTC) and burning (unwrapping of WBTC) activities conducted by authorized merchants and custodians. This integration provides essential Bitcoin exposure for DeFi users and protocols, offers Bitcoin holders opportunities to participate in Ethereum-based DeFi strategies, and benefits the Ethereum ecosystem by incorporating Bitcoin's value. The source material included a price figure of $107,220.00 for WBTC, which was clarified within the provided context as highly unlikely for a single unit and probably an error or a representation of a different metric, as WBTC is designed to track Bitcoin's price.

The Wormhole (W) token, ticker 'W', is currently priced at $0.073076, reflecting a 0.26% increase over a recent period, as per a report in Decrypt. 'W' serves as the native governance token for the Wormhole protocol, a cross-chain communication infrastructure. This price movement has direct implications for W token holders and the broader Wormhole ecosystem.

US-based spot Ethereum exchange-traded funds (ETFs), which began trading in June 2024, have recently recorded a significant streak of 15 consecutive days of positive net inflows, totaling $837 million, according to a report in Decrypt. This sustained investor interest is reportedly attributed to institutional investors shifting their focus from Bitcoin, viewed more as a speculative asset, towards Ethereum's underlying infrastructure and its capabilities for smart contracts and decentralized applications.

Kakao-backed blockchain Kaia has pledged to introduce a stablecoin pegged to the South Korean won, CoinTelegraph said in a report. This announcement, made as South Korea continues to develop its regulatory framework for cryptocurrencies, coincided with a 30% increase in the stock value of Kakao's payments app, Kakao Pay. Kaia is the unified blockchain platform that resulted from the past merger of Kakao's Klaytn and Line's Finschia projects. The plan for a won-pegged stablecoin marks Kaia's entry into the nation's developing stablecoin sector.

Bitcoin network transaction activity has reportedly reached its lowest level since October 2023, a period that had previously seen increased activity driven by factors like rising Bitcoin prices and Ordinals minting, The Block said in a report. This decline in activity occurs amid an ongoing debate regarding transaction filtering, notably highlighted by an open letter published in May 2024 from 31 Bitcoin Core developers. These developers argued that Bitcoin relay nodes filtering 'non-standard' transactions, such as those related to Ordinals and Inscriptions, poses a significant risk to the network's decentralization and censorship resistance.

Four people face charges in Australia over an alleged $123 million cryptocurrency money laundering ring, Decrypt says in a report. The accused individuals are linked to a Gold Coast firm that allegedly ran the laundering network using fake businesses, and authorities seized cryptocurrency, cash, and property during raids on the firm.

A rise in illegal cryptocurrency mining activities is being observed in Malaysia, primarily driven by a lack of clear governmental regulations and policies surrounding the sector, CoinTelegraph says in a report. This proliferation of unauthorized mining operations, coupled with the absence of a defined regulatory framework, is reportedly preventing Malaysia from effectively harnessing the potential economic benefits and revenue streams associated with legitimate cryptocurrency mining.

Tether CEO Paolo Ardoino recently shared images indicating that the USDT stablecoin is being displayed on price tags for goods in Bolivian duty-free shops, suggesting its growing use as a reference currency in the nation, which is currently facing economic difficulties and shortages of U.S. dollars, CoinTelegraph says in a report. This reported usage in Bolivia, specifically as a price reference in duty-free stores, is seen as an example of USDT adoption extending beyond cryptocurrency trading into practical financial applications, particularly in economies experiencing currency instability. The development also raises considerations for Bolivian regulators regarding the oversight of digital assets and their potential impact on monetary policy.

Ethereum-based investment products led inflows for the second consecutive week, while global Bitcoin investment products experienced further net outflows, The Block said in a report. This trend occurs as overall global cryptocurrency fund inflows are decelerating, a slowdown CoinShares attributes to ongoing uncertainty regarding US Federal Reserve monetary policy.

The UK's Financial Conduct Authority (FCA) announced on Friday its intention to lift the existing ban preventing retail investors from buying crypto exchange-traded notes (ETNs), a move that reverses its earlier position aimed at protecting consumers from these products, Reuters said in a report. This decision marks an evolution in the FCA's approach, as the previous ban, instituted in 2020, cited concerns over the volatility of crypto assets, the complexity of products like ETNs, and potential harm to retail investors. Crypto ETNs are unsecured debt instruments issued by financial institutions that track the performance of underlying cryptocurrencies, offering exposure without direct ownership. Allowing retail access to these regulated products is part of the UK's broader efforts to develop a comprehensive regulatory framework for crypto assets.

An initiative in Soweto West, a neighborhood within Kenya's Kibera slum, has introduced Bitcoin as a payment method, with around 200 residents currently using the cryptocurrency at local businesses like vegetable stands, AP says in a report. Promoters of the project state that the adoption of cryptocurrency aligns with Bitcoin's ideals of providing accessible financial services, aiming to reach one of Kenya's poorest and most under-banked areas.

The Blockchain Group, a company based in Paris, is planning a significant capital raise of $340 million specifically to expand its Bitcoin treasury holdings, CoinTelegraph says in a report. The company already possesses $154 million worth of Bitcoin and claims to be the first company in Europe dedicated to holding Bitcoin as a treasury asset.

Argentina’s Anti-Corruption Office has cleared President Javier Milei of breaching presidential duties regarding his promotion of the Libra (LIBRA) memecoin, CoinTelegraph said in a report. In a June 5 resolution, the office determined Milei was acting in a personal capacity when he endorsed the token in a February 14 X post, and therefore did not violate Argentina’s federal ethics laws for public officials. This decision is notable as Milei's endorsement supposedly contributed to investors losing a combined $251 million, prompting members of the opposition party to call for Milei’s impeachment.

Bitcoin's price has remained stable above the $105,000 mark even as President Donald Trump reportedly issued threats against Elon Musk, fueling a notable public dispute and contributing to market tension, CoinDesk said in a report. This price stability for the leading cryptocurrency suggests resilience in the face of significant political drama, a contrast to past instances where such external factors might have caused greater volatility.

BiT Global, an entity reportedly connected to Justin Sun, has dropped its legal dispute with Coinbase concerning the wrapped Bitcoin token, wBTC, The Block said in a report. This development follows Coinbase's earlier decision in 2024 to delist wBTC, then the industry's largest such token, reportedly due to concerns over a change in its ownership structure linking it to Sun-associated entities. Months after delisting wBTC, Coinbase launched its own proprietary wrapped Bitcoin token, cbBTC. BiT Global had subsequently initiated the legal action against Coinbase, challenging the wBTC delisting, which has now been withdrawn.

The cryptocurrency TRX is currently priced at $0.283103, marking a slight decrease of 0.85% in its value over a recent trading period, according to a report in Decrypt. TRX is the native cryptocurrency of the Tron blockchain platform. This minor price fluctuation is observed while the Tron ecosystem continues to navigate regulatory challenges, notably an ongoing legal case initiated by the U.S. Securities and Exchange Commission (SEC) in March 2023 against Tron's founder, Justin Sun, and related entities, alleging unregistered securities offerings and manipulation.

Coinbase launched two new wrapped tokens, cbDOGE and cbXRP, on its Ethereum layer-2 network, Base, this week, Decrypt said in a report. This initiative aims to meet the growing demand for cross-chain functionality, allowing traders to utilize Dogecoin and XRP within the Decentralized Finance (DeFi) ecosystem on Base. Coinbase maintains 1:1 reserves of the underlying Dogecoin and XRP to back these new wrapped assets.

Brian Armstrong, CEO of Coinbase, stated via a social media post on X on Friday, June 6, 2025, that the cryptocurrency exchange has reduced unnecessary account freezes and restrictions by 82%, CryptoSlate says in a report. Armstrong acknowledged that this issue had been a significant and long-standing problem for Coinbase users. The report based on the CEO's announcement did not specify the definition of 'unnecessary' restrictions, the baseline period or metric for this 82% reduction, nor did it mention any independent verification of this statistic.

The price of RUNE, the native token of the THORChain protocol, stood at $1.65, reflecting a 1.59% increase, Decrypt says in a report. RUNE functions as the utility and settlement token for THORChain, a decentralized liquidity protocol that facilitates cross-chain swaps of native cryptocurrencies without relying on wrapped tokens or centralized exchanges. Related developments for THORChain include the past implementation of streaming swaps in January 2024, a feature designed to improve execution for large cross-chain swaps. Current ongoing efforts involve integrating additional blockchains and maintaining a continuous focus on enhancing protocol security and stability.

Johann Kerbrat, General Manager of Robinhood Crypto, has called for a revamp of accredited investor rules, arguing that such changes are necessary to unlock the full potential benefits of tokenization, Decrypt said in a report. Kerbrat believes that tokenization could notably eliminate traditional "middlemen," thereby offering significant advantages to startup founders seeking capital and operational efficiencies.

Strategy's Michael Saylor recently stated on CNBC that the Bitcoin network is anticipated to undergo a software upgrade to counteract the potential threat from quantum computers to Bitcoin's security, CoinDesk said in a report. This potential upgrade aims to address the specific vulnerability of Bitcoin's current elliptic curve digital signature algorithm (ECDSA) to powerful quantum computers. While implementing such post-quantum cryptography would be a complex undertaking requiring significant development and consensus, experts generally believe that current quantum computers do not yet pose an immediate threat to Bitcoin's security, allowing time for such future-proofing measures.

Meanwhile Insurance Bitcoin (Bermuda) Limited (“Meanwhile”) announced on June 5, 2025, that it is the first company to publish audited financial statements denominated entirely in Bitcoin, according to a report in Bitcoin Magazine. This development signifies a novel approach to financial reporting within the cryptocurrency space, where companies typically report in fiat currencies even if they hold significant crypto assets.

The U.S. Department of Justice (DOJ) is pursuing the forfeiture of approximately $7.74 million in cryptocurrency linked to North Korean IT professionals who allegedly used fraudulent identities to secure remote employment at U.S. companies, with the illicit earnings intended to support the North Korean regime, Decrypt said in a report. This action targets funds generated through a scheme where these individuals masqueraded as legitimate IT workers to earn income, often in cryptocurrency, thereby aiming to circumvent international sanctions and channel money to North Korea. The DOJ's move to seize these specific crypto assets highlights ongoing efforts to combat illicit financing and state-sponsored cyber activities that leverage digital currencies.

Sui-native decentralized exchange Cetus Protocol has relaunched and is now working on going open-source after suffering a $220 million exploit due to a pricing mechanism flaw on May 22, CoinTelegraph reports. The protocol, which managed to freeze $162 million of the stolen funds shortly after the incident, replenished affected liquidity pools using a combination of recovered funds, its cash reserves, and a $30 million USDC loan to facilitate the restart.

Cudis plans to utilize a Solana-based token as a core component of its new initiative aimed at the longevity sector, which also integrates wearable devices and artificial intelligence, Decrypt said in a report. This strategy involves leveraging the token within an ecosystem designed to process health data from wearables and provide AI-driven insights, utilizing the Solana blockchain for its capabilities in consumer-facing applications and Decentralized Physical Infrastructure Networks (DePIN).

The Raydium (RAY) token is currently priced at approximately $2.30, marking a 6.14% increase, likely over the past 24 hours, Decrypt says in a report. RAY is the native utility token of Raydium, an automated market maker (AMM) and decentralized exchange (DEX) built on the Solana blockchain.

Fake cryptocurrency airdrops, which impersonate legitimate projects to deceive users, have resulted in millions of dollars in losses and contributed to over $9.9 billion in global crypto scam damages in 2024 and 2025, CoinTelegraph said in a report. Scammers employ tactics such as tricking users into revealing private keys, signing malicious smart contracts often linked to wallet drainer services, or paying upfront fees, leading to irreversible crypto theft. Popular games like Hamster Kombat and projects like Wall Street Pepe have been targeted, prompting legitimate projects to issue warnings and emphasizing the need for users to be vigilant in identifying these scams to protect their crypto holdings.

The SAFE token, associated with the Safe (formerly Gnosis Safe) smart contract wallet platform, is currently priced at $0.466069, marking a 1.67% decline, as per a report in Decrypt. This token, which allows for participation in the Safe ecosystem's governance, had its initial distribution through an airdrop and was listed on various cryptocurrency exchanges in early 2024, with subsequent community discussions focusing on its utility and governance role.

The cryptocurrency HBAR is currently valued at $0.167693, marking a 0.34% decline in its price, Decrypt says in a report. HBAR is the native cryptocurrency of the Hedera network, which utilizes a Hashgraph consensus mechanism. The token is used for paying network transaction fees, securing the network through proxy staking, and powering decentralized applications on the Hedera platform.

Dubai's property market registered $18.2 billion in sales in May 2025, a period that also saw increased activity in the application of cryptocurrency and blockchain technology within the real estate sector, CoinTelegraph said in a report. This sales volume coincided with growing momentum for real estate tokenization, the introduction of new regulations for virtual assets, and a $3 billion real estate transaction conducted using blockchain technology. Dubai's Virtual Assets Regulatory Authority (VARA), established in March 2022, provides the regulatory framework supporting these developments in the digital asset space.

The cryptocurrency token USYC is presently valued at $1.089, marking a significant 8.9% premium over its presumed $1.00 peg, while exhibiting a slight recent price fluctuation of 0.03%, Decrypt says in a report. This price point suggests potential profit opportunities for current holders and could attract arbitrage traders. For the USYC protocol or platform, the premium might indicate strong demand or positive sentiment within its ecosystem.

The total cryptocurrency market capitalization stood at $3.29 trillion on June 9, marking a 0.19% increase compared to the previous market close, mint said in a report. Bitcoin was trading above the ₹1,05,700 (Indian Rupees) level, while market updates also covered other cryptocurrencies such as Ethereum, Solana, and Tether. The 0.19% increase in the overall market cap reflects minimal net price movement in the 24 hours leading up to the report.

The cryptocurrency identified by the ticker KTA has reached a price of $1.50, marking a 39.38% increase in its value, according to a report in Decrypt. This data indicates a notable upward movement for the digital asset.