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

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%.

Uphold explores IPO or sale targeting over $1.5 billion valuation, courts XRP users in US

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 SEC Commissioner Paul Atkins criticizes Gensler's crypto strategy, defends self-custody

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.

Democrats re-evaluate cryptocurrency stance amid Trump's industry engagement and legislative momentum

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 increase as US and China agree to trade talks ahead of key bond auction

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 seeks $300 million to boost Bitcoin holdings

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.

Crypto investor loses $2.6 million in zero-value transfer address poisoning scam

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 joins Bitcoin for Corporations, boosts bitcoin holdings to 920 BTC

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.

Japan's ANAP Holdings announces Bitcoin business strategy targeting over 1,000 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 price approaches $108,000 after significant long position established

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.

Paraguay president's X account likely hacked in Bitcoin scheme

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."

Oblong plans $7.5 million Bittensor TAO acquisition for AI treasury, shares rise 12%

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 purchases 100 Bitcoin for new treasury initiative

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.

Bonk 'Kill-to-Earn' game launches on Solana, 'FIFA Rivals' crypto game nears release

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 plans to launch open-source bitcoin mining operating system by Q4 2025

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.