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Senate Passes GENIUS Act, Paving Way for $239B Stablecoin Expansion

Senate Passes GENIUS Act, Paving Way for $239B Stablecoin Expansion

The U.S. Senate has passed the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act in a 68–30 vote, marking the first time lawmakers have approved legislation focused on digital assets—a move welcomed by industry leaders. The bill gained bipartisan support, with 18 Democrats joining most Republicans in favor. Only two Republicans opposed the measure. The GENIUS Act introduces a federal framework to regulate stablecoins, requiring dollar-backed reserves and clearly defined roles for state and federal oversight. The bill seeks to integrate stablecoins into the broader financial system more securely, responding to longstanding calls from the crypto industry and financial institutions for consistent rules. Anil Oncu, CEO of Bitpace, called the vote a turning point. “The bill provides the clarity businesses have been waiting for and allows stablecoins’ speed and cost benefits to be safely integrated by banks, PSPs, and card networks,” he said. Oncu explains that the stablecoin supply has grown from under $10 billion to $239 billion in just five years, showing the need for safeguards and regulatory consistency. Industry Leaders and Advocates Applaud the Move Stand With Crypto, a U.S.-based crypto advocacy group, also welcomes the Senate’s decision, describing it as a key step toward securing America’s place in the evolving digital financial lsector. A huge step forward. Read Stand With Crypto’s statement on today’s Senate vote to advance the GENIUS Act 👇 pic.twitter.com/AQFFS2f9Yc — Stand With Crypto🛡️ (@standwithcrypto) June 17, 2025 The group, which represents a grassroots network of developers, users, and builders, advocates for stablecoin regulation to support innovation and consumer protection. “Stablecoins play a critical role in America’s digital economy, bridging crypto and fiat currencies,” said Mason Lynaugh, community director at Stand With Crypto. “We need legislation that ensures they are safe, fully backed, and transparent while fostering competition and innovation in the marketplace. This bill moves us closer to that reality.” The organization says it will score lawmakers based on their votes on the GENIUS Act, using the results in future crypto policy scorecards to track political alignment on key industry issues. A Bid to Reinforce U.S. Crypto Leadership Beyond regulating stablecoins, the GENIUS Act is being seen as part of a broader attempt to re-establish the U.S. as a leader in blockchain development. The lack of clear regulations has pushed some developers and companies abroad. According to Stand With Crypto, the U.S. share of global blockchain developers has dropped by roughly 14% since 2018, falling to 26% by 2023. Industry voices argue that regulatory uncertainty is hindering and deterring institutional interest in the crypto sector. With stablecoins increasingly used in both retail and business payments, the GENIUS Act is positioned to help bridge those gaps by laying the groundwork. Liat Shetret, vice president of global policy and regulation at blockchain analytics firm Elliptic, called the Senate vote “a pivotal step in shaping the country’s digital asset future.” She added, “It’s clear that robust consumer protections and market integrity safeguards were central to driving approval, and the GENIUS Act benefited from strong nonpartisan support.” The House is expected to take up the legislation in the coming weeks. While some industry advocates have urged rapid passage, others, including the Conference of State Bank Supervisors, are pressing for key changes to address potential risks to financial stability.

How to Earn Daily Rewards Using Cutting-Edge Cloud Mining Platform BCC Mining?

How to Earn Daily Rewards Using Cutting-Edge Cloud Mining Platform BCC Mining?

Imagine earning $67,000 per day without leaving your home. This dream is now within reach thanks to BCC Mining, a cutting-edge cloud mining platform. Designed to make cryptocurrency mining accessible to everyone, BCC Mining is changing the way people earn passive income by eliminating the need for specialized skills or expensive equipment. What Is BCC Mining? BCC Mining is an advanced cloud mining platform that allows users to rent hash power to mine cryptocurrencies and earn passive income. Unlike traditional mining methods that require expensive hardware, technical expertise, and ongoing maintenance, BCC Mining handles all the complexities for users. From hardware maintenance to electricity costs and cooling systems, the platform takes care of every technical aspect, allowing users to focus on their income. How Does BCC Mining Work? BCC Mining is easy to get started with and user-friendly. Once signed up, users can choose from a variety of mining contracts to suit different budgets and investment goals. Each plan offers a specific hash rate and duration, providing flexibility for both beginners and experienced investors. Once a plan is selected and payment is made, users do not have to manage anything as the hash power they rent validates transactions and secures the blockchain network. The platform’s automated system ensures that users receive rewards over time without any extra effort. Whether you are new to cryptocurrency or a seasoned enthusiast, BCC Mining offers a seamless way to make money from home. Why BCC Mining Is an Industry Leader Get an instant $15 bonus upon registration. ($0.6 per daily check-in) . High profit levels and daily payouts. Use green renewable energy throughout the process. No other service fees or any hidden fees. The platform uses more than 10 cryptocurrencies (such as: DOGE, BTC, ETH, LTC, USDC, USDT, BNB, BCH, XRP, SOL) for settlement. The company’s affiliate program allows you to refer your friends and get a referral bonus of up to 1 Bitcoin. McAfee® security. Cloudflare® security. 100% uptime guarantee and excellent 24/7 human technical online support. Get Started Quickly Starting your cloud mining journey with BCC Mining is a simple process. Follow these simple steps to start earning passive income: Register an account: Go to the BCC Mining official website and create an account for free using any email address. Choose a plan: Choose a package that suits your contract. There are many user-friendly options for you to choose from. Start mining: Start mining immediately and let BCC Mining’s powerful hardware work for you. Receive daily payments: Enjoy the convenience of daily payments, providing a stable source of income. Limited-time Benefits Registration bonus: Register to get an instant bonus of $15.00, and earn $0.6 for free every day, don’t miss it. Invitation income: Increase mining income by inviting friends. Get 3.5% -5% continuous rewards permanently. The contracts provided by BCC Mining are not only simple but also diverse, providing you with a variety of options to meet your investment needs. They provide stable and risk-free fixed income. After purchasing the contract, the income will be automatically credited to your account the next day. When the account balance reaches $100, you can choose to withdraw to your digital currency wallet, or continue to purchase contracts to get more income. BCC Mining rewards those who help spread the word about its exceptional platform. The bonuses and commissions you can earn by referring others are unlimited, further increasing your mining income. Take advantage of this opportunity to unlock additional rich income streams. Real Success Stories BCC Mining has helped millions of users achieve financial success. From individuals seeking to supplement their income to those looking to achieve complete financial independence , the platform has proven to be a reliable and profitable solution. Testimonials from satisfied users highlight how BCC Mining has changed their lives by providing a steady stream of income with minimal effort. BCC Mining is paving the way for a new era of financial freedom through cloud mining. Whether you are looking for a second source of income or hoping to make substantial financial gains, this platform provides you with a convenient, hassle-free entry point into cryptocurrency mining. Final Words Are you looking for a world-class cryptocurrency cloud mining platform? If so, after reading this article, you should create an account and take advantage of the $15 welcome bonus, which you can use as an initial investment to earn $0.6 per day for free. In addition, the affiliate program is another great way to earn passive income. For more detailed information about BCC Mining, please visit the official website: https://bccmining.com or click ( download mobile APP ) to explore and start your investment income journey with one click.

Why Is Crypto Down Today? – June 18, 2025

Why Is Crypto Down Today? – June 18, 2025

The crypto market is down again today. Just two of the top 100 coins have recorded increases over the past 24 hours. Moreover, the cryptocurrency market capitalization has decreased by another 3.9% to $3.38 trillion. The total crypto trading volume is at $112 billion, similar to the levels seen yesterday. TLDR: The crypto market continues decreasing amid massive geopolitical shifts; Bitcoin fell below the $105,000 level, now trading at $104,971; Ethereum fell from the daily high to the intraday low of $2,464, recuperating since; Canada approved the first XRP ETF in North America; ”Stablecoins are actively becoming a foundational component of the global financial system”; US spot BTC ETFs recorded $216.48 million in inflow, spot ETH ETFs took in $11.09 million; The dip is likely to be affected by the US Federal Reserve meeting and the US involvement in Israel’s attack on Iran. Crypto Winners & Losers All top 10 coins per market cap are down today. Bitcoin (BTC) fell by 1.6% and below the $105,000 level, now trading at $104,971. Also, Ethereum (ETH) has decreased by 2%, changing hands at $2,530 at the time of writing. XRP (XRP) saw the highest decrease in this category of 3.6% to the price of $2.15. It’s followed by Solana (SOL)’s 3.5% to $147. The smallest drop is 1.1% by Tron (TRX) , which currently changes hands at $0.2742. Moreover, only two of the top 100 coins have increased today. Kaia (KAIA) is up 6.1% to $0.1644, while Nexo (NEXO) appreciated 0.6% to $1.23. At the same time, Sky (SKY) recorded the highest decrease today, falling 8.8% to the price of $0.08404. Speaking of XRP, Canada approved the first exchange-traded fund (ETF) for this asset in North America, called the Purpose XRP ETF (XRPP) . Additionally, the Evolve XRP ETF (XRP) will start trading on 18 June as well. June 18th. TSX. Get ready. Announcing the Purpose XRP ETF, offering regulated, direct exposure to spot #XRP , the native token powering fast, low-cost cross-border payments ⚡️ 🔗 Fund page: https://t.co/CfCEdbOUEp 🔗 Press release: https://t.co/8v1FPkXSdU … pic.twitter.com/uzNgZyRpC3 — Purpose Investments (@PurposeInvest) June 16, 2025 ‘Stablecoins are a Foundational Component of Global Financial System’ The US Senate finally passed the long-awaited GENIUS Act on Tuesday. This is the first time the Senate has advanced a regulatory framework specifically for stablecoins. Now, the bill moves to the House of Representatives for a vote. The U.S. Senate has passed the GENIUS Act — landmark stablecoin legislation that provides regulatory clarity, enhances consumer protection, and extends U.S. dollar dominance online. Thanks to President Trump for his leadership on crypto & @SenatorHagerty for authoring the bill. — David Sacks (@davidsacks47) June 17, 2025 Liat Shetret, Vice President of Global Policy and Regulation at blockchain analytics firm Elliptic , commented that the US approving its first major stablecoin-focused federal legislation is “a pivotal step in shaping the country’s digital asset future and addressing oversight of the rapidly growing digital asset ecosystem.” Shetret further argued that, “Stablecoins are actively becoming a foundational component of the global financial system. By advancing the GENIUS legislation and similar bills, the Senate is recognizing its role in providing financial stability and protecting consumers—shaping legislation to secure the nation’s interests by moving this bill forward.” Lawmakers from the two major parties have engaged in months-long negotiations and have “worked to strengthen the bill.” They’ve addressed critical concerns around anti-money laundering, national security, and systemic risk, Shetret says. He added that “it’s clear that robust consumer protections and market integrity safeguards were central to driving approval, and the GENIUS Act benefited from strong nonpartisan support.” Why is Crypto Down Today: Levels & Events to Watch Next At the time of writing, BTC trades at $104,971. This is down from the intraday high of $106,795. The coin failed to reach the $107,000 level, or to hold the $106,000 and $105,000 levels. As it broke the support of $106,196, the next one to watch is $104,633. It’s currently far from the ATH of $111,814, but another rally would bring it close to it, if not above. Moreover, Bitcoin may see short-term losses of 10%-20%, should the US enter Israel’s war against Iran, TradingView noted . Investors tend to seek safe havens during conflicts. Bitcoin Price Chart. Source: TradingView At the same time, Ethereum is currently trading at $2,530. At one point, the price plunged from the intraday high of $2,584 to the intraday low of $2,464. It has recovered since, now attempting to retake that daily high again. Meanwhile, the crypto market sentiment is now the lowest it’s been in days. The Fear and Greed Index dropped from 54 yesterday to 48 today . It’s still within the neutral area, but fear is moving in. Should it fall further, it may signal buying opportunities. Source: CoinMarketCap Moreover, on Tuesday, US BTC spot exchange-traded funds (ETFs) saw another day of net inflows, for the 7 th consecutive day, with $216.48 million . Of this amount, BlackRock is responsible for $639.19 million, while the others saw outflows, bringing the daily total down. Source: SoSoValue US ETH spot ETFs also recorded net inflows of $11.09 million on Tuesday. Grayscale took in $36.71 million, and Bitwise $3.62 million. The cumulative total net inflow is $3.89 billion. Source: SoSoValue Investors in all markets are currently focused on two major geopolitical and macroeconomic events. On the one side, investors are reacting to Iran’s attack on Iran, but are also monitoring the US’s growing involvement in the war – which is bound to affect markets across the board. The other element is today’s US Federal Reserve’s decision on interest rates. Tomorrow at 2:30 p.m. ET: Chair Powell hosts live #FOMC press conference: https://t.co/fXt6ew8I9A pic.twitter.com/OPKhd6eRKt — Federal Reserve (@federalreserve) June 17, 2025 Quick FAQ Why did crypto move with stocks today? Both the crypto and the stock markets decreased over the last day. The S&P 500 went down by 0.84%, the Nasdaq-100 decreased by 1%, and the Dow Jones Industrial Average fell by 0.7%. The stock market may have recovered from the initial Israel’s attack on Iran, but now it’s focused on the US involvement in this war. Is this dip sustainable? Given the current shaky geopolitical and macroeconomic stages, the dip may continue over the short term. Though another rally is not out of the question, fueled by regulatory developments, additional decreases are possible.

Washington’s Spokane City Bans Bitcoin ATMs, 11,000 Scam Complaints Received in 2024

Washington’s Spokane City Bans Bitcoin ATMs, 11,000 Scam Complaints Received in 2024

The city of Spokane in the US state of Washington has banned crypto kiosks within city limits. The Spokane City Council has directed existing crypto ATM operators to remove dozens of machines found in convenience stores and gas stations. The Council, on Monday, voted unanimously on an ordinance that eliminates and prohibits crypto ATMs located within the Spokane city. According to a local report , the overall ban arrives as the city is seeing an uptick in scams related to Bitcoin kiosks. “This ordinance will protect vulnerable Spokane residents from scams involving virtual currency kiosks, and I am proud we are the first city in the state to move this legislation forward,” said Council Member Paul Dillon, who presented the ordinance. Per Coin ATM Radar data , there are nearly 45 Bitcoin kiosks in and around Spokane. Some of the well-known Bitcoin ATM operators in the city include Coinflip and Bitcoin Deposit. Scammers Disguised as Revenue Personnel Target Spokane Residents Police detective Tim Schwering initially raised the issue of increasing crypto ATM fraud cases. “I’ve had a number of cases where this money that’s placed in there will end up in places like China, North Korea, Russia,” Schwering told the Council . “What is happening is people are getting scammed.” Further, scammers pose as representatives from the Internal Revenue Service and ask users to buy crypto from kiosks to protect their money. In some cases, they even threaten victims, particularly senior citizens, to either follow their instructions or face jail term. Schwering applauded the Council’s decision to ban all crypto kiosks in Spokane. “This is a vital first step in protecting Spokane residents,” he said. Nearly 11K Crypto ATM Scam Complaints Received in 2024: FBI According to the Federal Bureau of Investigation (FBI) estimates, there were nearly $5.6 billion in losses due to crypto ATM scams in the US. The losses amounted to over $141 million in Washington alone. The FBI 2024 report said that the agency received 10,956 complaints, amounting to $246.7 million in losses. The report added that complaints from residents increased by 99% from 2023. Source: FBI Scammers particularly target victims above 60. The FBI recorded $107 million in losses in this age category alone in over 8,000 cases. “There were cases I was confident I knew the name and bank account, but he was sitting in mainland China, and there was nothing I could do about it,” Schwering told early this month to the Spokane Council. Other cities like Stillwater, Minnesota have barred crypto ATMs in April and more cities in that state are considering similar regulations.

Archetyp Market Shut Down in Europol Raid, But TRM Labs Questions Long-Term Impact

Archetyp Market Shut Down in Europol Raid, But TRM Labs Questions Long-Term Impact

Europol has dismantled one of the dark web’s longest-running marketplaces, Archetyp Market, following coordinated raids across six countries. Key Takeaways: Europol has shut down Archetyp Market, one of the dark web’s largest drug marketplaces. The takedown included arrests across Europe and the seizure of core infrastructure in the Netherlands. Experts warn the disruption may be short-lived, as operators shift to decentralized, peer-to-peer platforms. While the operation marks a major law enforcement milestone, blockchain intelligence firm TRM Labs warns that such shutdowns may offer only temporary disruption. In a statement released Monday , Europol confirmed it had seized the platform’s core infrastructure, located in the Netherlands. Archetyp Market Admin Arrested in Spain, Key Vendors Caught in Germany and Sweden Authorities arrested the marketplace’s alleged German administrator in Spain, along with a moderator and six of its top vendors in Germany and Sweden. Archetyp Market, which had operated for five years, was known for its reliance on the privacy coin Monero (XMR), a cryptocurrency favored in illicit transactions due to its obfuscation features. Europol said the platform had over 600,000 users, more than 17,000 product listings, and a transaction volume exceeding €250 million (roughly $287 million), largely driven by drug sales including cocaine, MDMA, and synthetic opioids like fentanyl. The agency described the takedown as the culmination of years of investigative work, involving crypto-tracing and financial surveillance. 🚨🚨Archetyp Darknet Market, the world's largest Darknet Market, has been seized by law enforcement. pic.twitter.com/ZhMXXQ4m4J — Dark Web Informer – Cyber Threat Intelligence (@DarkWebInformer) June 16, 2025 However, TRM Labs, in a report released the same day, noted that the broader ecosystem remains agile. “Despite continued enforcement, dark web operators are shifting toward peer-to-peer channels like Telegram and Signal,” TRM Labs wrote. These decentralized models not only reduce reliance on central marketplaces but also lower fees and accelerate transactions—making them harder to disrupt. The firm cited the Hydra takedown in 2022 as a recent example of the space’s adaptability. A new Russian market quickly emerged, showing that while rebrands and exit scams remain common, full-scale rebuilds are not off the table. Archetyp’s prominence placed it alongside former darknet giants like Silk Road and Dream Market. Its openness to listing fentanyl and other synthetic opioids added to its notoriety. Yet its fall, like others before it, may not be the end of the road for the operators behind it. Archetyp Market Admin Arrested in Spain, Key Vendors Caught in Germany and Sweden TRM Labs acknowledged the significance of Europol’s action but emphasized the limitations of such victories. Operators are increasingly turning to pseudonymous domain registrations, fast rebranding, and high-risk crypto exchanges to obscure their tracks. “The Archetyp takedown is a clear win,” TRM Labs concluded. “But staying ahead of the next generation of darknet threats will require ongoing cross-border coordination, technical advancement, and real-time blockchain monitoring.” In June, the US law enforcement seized crypto linked to BidenCash , the infamous dark web marketplace, accused of selling over 15 million stolen credit cards and personal data. The international operation took down around 145 darknet and traditional internet domains associated with the marketplace. Additionally, the DOJ recently seized over $24 million in cryptocurrency from a Russian national accused of developing and operating the Qakbot malware.

Spanish Lender BBVA Advises High Net Worth Clients to Invest 3%-7% in Crypto: Report

Spanish Lender BBVA Advises High Net Worth Clients to Invest 3%-7% in Crypto: Report

Spanish bank BBVA is reportedly advising its wealthy clients to allocate between 3% and 7% of their portfolios to crypto. The allocation depends on the client’s “risk appetite”, says Philippe Meyer, head of digital and blockchain solutions at BBVA Switzerland. Speaking at the DigiAssets conference in London, the banker told Reuters that they allow up to 7% of portfolio in crypto for riskier profiles. “With private customers, since September last year, we started advising on bitcoin,” Meyer noted. In March, BBVA received approval from the country’s securities regulator to launch Bitcoin and Ether trading services in Spain. 🇪🇸 Spanish lending giant BBVA said it won approval to launch Bitcoin and Ether trading, integrating crypto into everyday banking. #BBVA #CryptoTrading https://t.co/ifB7FxuUV8 — Cryptonews.com (@cryptonews) March 10, 2025 Notably, the bank has been considering clients’ requests to buy crypto since 2021. Meyer believes that it has become one of the first large global banks to advise wealthy clients to buy Bitcoin. Recently, JPMorgan said that it is finally allowing clients to buy Bitcoin . “We are going to allow you to buy it,” CEO Jamie Dimon said. “We’re not going to custody it. We’re going to put it in statements for clients.” However, it is unusual for lenders to advise clients to buy crypto. 95% of EU Banks Don’t Engage in Crypto: ESMA The European Securities and Markets Authority (ESMA) has repeatedly warned about the risks of crypto and said that the sector needed continued close monitoring. Further, the watchdog noted that 95% of EU banks do not engage in crypto activities. “Since 2025, we have been actively monitoring potential risks crypto assets could represent to financial stability,” ESMA noted. According to Meyer, BBVA currently advises clients to add only Bitcoin or Ether, with plans to add other cryptos later this year. Further, introducing 3% of the portfolio to crypto would’t be a huge risk, he added. “If you look at a balanced portfolio, if you introduce 3% you already boost the performance.” Mainstream Crypto Adoption Enables Institutions to Enter the $3.2T Industry According to Gadi Chait, Investment Manager at Xapo Bank, a crypto custodian, crypto’s increased legitimacy in the eyes of policymakers and rising retail adoption, fueled by genuine use cases, rather than price speculation, have encouraged recent adoption among banks. “Traditional finance is slowly waking up to crypto’s call and is vying for a piece of the pie,” he told Cryptonews. Additionally, Bitcoin’s surge to over $100,000 and the promise of pro-crypto policies attracted institutional interest and strengthened Bitcoin’s future, he said. “Globally, positive signals from countries like the UK, Japan, and Switzerland—around licensing and oversight—validate the asset class on a wider scale,” he added. Besides, the adoption of cryptocurrencies has seen remarkable growth in Spain recently. Per a 2024 survey by the European Central Bank (ECB), 9% of the Spanish population owns crypto assets, up from 4% in 2022. Further, Spain reached nearly $80 billion in cryptocurrency transaction volume in 2024, Chainalysis data noted.

MEV Bots Now Clog Blockchains Faster Than They Can Scale, Flashbots Warns – Is Raw Throughput Obsolete?

MEV Bots Now Clog Blockchains Faster Than They Can Scale, Flashbots Warns – Is Raw Throughput Obsolete?

Flashbots, a leading research group focused on MEV ( Maximal Extractable Value ), has issued a new warning that spam from MEV bots is quickly becoming the main barrier to blockchain scalability. In a thesis published this week, Flashbots said that “MEV has become the dominant limit to scaling blockchains,” pointing to rising inefficiencies across Ethereum rollups and Solana. The group stated that current scaling efforts by major blockchains are being neutralized by increasingly dominant MEV-driven activity. Flashbots Exposes Scaling Illusion on Rollups As layer-1 and layer-2 networks race to boost throughput, the report finds that wasteful on-chain activity from MEV bots is consuming a growing share of available capacity. On Solana, MEV bots are now responsible for 40% of all blockspace . On Ethereum’s OP-Stack rollups like Base and OP Mainnet, spam bots account for over half of all gas usage while paying just a fraction of the network’s fees. Failed transactions consume a disproportionate share of network Compute Units (CUs) relative to the fees they generate. Arb bots are a key factor: their failed txs make up ~40% of all CUs used but only ~7% of total fees paid pic.twitter.com/RJl2O65l2n — chris (@chrischang43) May 17, 2025 The report noted that between November 2024 and February 2025, Base added 11 million gas units per second of throughput, nearly triple the Ethereum mainnet. However, most of that additional capacity was devoured by bots running repetitive, low-value trades. This activity creates artificially high fees for users and renders technical scaling efforts less effective. Flashbots introduced a new metric, “effective gas throughput,” to show the difference. Despite Base increasing its total gas capacity by 11 million gas per second over several months, the throughput available to real users barely changed. Almost all new capacity was eaten up by bots. The report identified spam as a specific kind of wasteful behavior, mostly DEX queries that never result in token transfers. These could be done off-chain, but instead they clog networks and raise the computational load on nodes. On Base, bots were responsible for 56% of gas usage and 26% of L1 data availability usage, but paid just 14% of fees. Spam is also driving up user fees. Flashbots explained that despite technical progress in reducing costs on rollups, fees stay artificially high due to bots continuously bidding for blockspace. “The promise of scaling is to drive fees near zero,” the report stated. “But what we’re seeing is a fee floor created by spam—not user demand.” The report also showed that this spam is highly concentrated. Just two searchers are behind over 80% of all spam on Base. According to Flashbots, the structure of the current market makes spam more profitable than participating in a fair auction, leading to inefficient and wasteful outcomes. “Spam bots are flooding blocks, not to serve users, but to extract MEV,” the report said. “It’s a structural issue, not just a technical one.” Flashbots Proposes MEV Auction Fix Amid Rising Exploits Flashbots has proposed a new framework to address growing concerns around MEV exploitation in Ethereum and other blockchain networks. Rather than relying on gas-heavy spam auctions, Flashbots suggests a shift toward explicit MEV auctions, allowing searchers to bid directly for transaction ordering rights. This, they argue, would reduce network congestion and wasted fees while preserving efficiency for traders and validators. The organization is also advocating for “programmable privacy,” a model that allows bots to view live blockchain state and plan profitable trades without the ability to front-run users or leak sensitive data. Flashbots is currently testing this concept using Trusted Execution Environments (TEEs), which allow secure transaction backrunning without the back-run transactions to abuse. “We’ve proven this on Ethereum L1,” Flashbots wrote in its latest report. “And we’re actively adapting it for L2s.” The proposal comes at a key time as concerns over MEV-related abuse continue to mount. According to EigenPhi data, more than 33,000 users were victims of sandwich attacks in March 2025, orchestrated by just 101 entities. These attacks now account for nearly $1 billion in weekly trading volume on Ethereum-based DEXs. In 2023, a single MEV searcher earned over $1 million in one day using sandwich attacks on Ethereum. On that day alone, the address accounted for 7% of total gas usage across the network. The same operator continued to profit into 2024 with improved strategies. The issue isn’t limited to Ethereum. On Solana, a well-known MEV bot named “arsc” exploited users through similar tactics, generating around $30 million in just two months. MEV allows validators to extract profits by reordering or inserting transactions. While it can boost DeFi efficiency, it also drives up fees and undermines fairness, especially for beginners unfamiliar with blockchain mechanics. Critics warn that unchecked MEV practices could deter user adoption and erode trust in decentralized finance .

Next-Gen Crypto Mining: Blockchain Company Introduces New Cloud Contracts

Next-Gen Crypto Mining: Blockchain Company Introduces New Cloud Contracts

With the full outbreak of the digital economy today, the threshold for traditional cryptocurrency mining is being continuously lowered. Mining machines that used to require high investment and complex operation and maintenance have now been replaced by smarter methods – you can easily participate in the mining process of mainstream currencies such as Bitcoin and Ethereum with just a smartphone. All this is due to the leapfrog development of cloud mining technology. The so-called cloud mining refers to renting computing power resources from remote data centers, and the platform completes the mining process on behalf of the platform, and users receive daily currency dividends in the form of contracts. You don’t need to buy expensive mining machines or bear high electricity bills. You only need to choose a suitable computing power package on the platform to automatically start mining and enjoy daily income. In layman’s terms, it’s like you entrust a professional company to mine for you, and you can receive mining income on time without doing it yourself. This “worry-free, labor-saving, zero-maintenance” model is becoming the mainstream choice for global crypto investors to obtain passive income. Blockchain Cloud Mining Advantages Signup Bonus : Get $12 upon registration (can be used for daily check-ins, earning $0.6 profit per day). Legal Compliance: Officially authorized and regulated by the UK Financial Institutions. Military-grade Security: High-security encryption and multi-signature wallets provide maximum protection. Transparency in Business Operations: The entire process is simple and reliable, with real-time mining analysis and transparent payments. Flexible Plans: A variety of mining contracts are available; both beginners and experienced investors can make considerable profits. Eco-friendly Infrastructure: 100% sustainable power generation methods are used to ensure a safe and healthy environment for everyone. Technical Implementation: This integration leverages the infrastructure of blockchaincloudmining.com to provide a unique consensus protocol for XRP and other cryptocurrencies, enabling smooth and cost-effective transactions. Customers can set computing power using a convenient interface. In addition, investors can receive daily earnings and transfer them directly to their wallets. The complete list of new stable income contracts can be found here . You can get earnings the day after purchasing the contract. When the account funds reach $100, you can choose to withdraw to your wallet or continue to purchase other contracts. Security and Sustainability In the field of mining, trust and security are crucial. BlockchainCloudMining knows this and puts user safety first. BlockchainCloudMining is committed to transparency and legality, ensuring that your investment is protected and allowing you to focus on profitability. All mines use clean energy to achieve cloud computing carbon neutrality. Renewable energy protection ring Investment Case Invest $10,000 to buy $10,000 worth of BTC [Advanced Computing Contract], with a term of 45 days and a daily yield of 1.35%. After the user successfully purchases, the passive income that can be obtained every day = $10,000 × 1.35% = $135. After 45 days, the user’s principal and income: $10,000 + $135 × 45 days = $10,000 + $6,075 = $16,075 Conclusion BlockchainCloudMining is a world-leading blockchain mining service platform headquartered in the UK with a legal registration certificate and financial regulatory qualifications. Since its establishment in 2018, it has been committed to bringing efficient and transparent cloud mining services to global investors, with users in more than 190 countries. Business license issued by the UK regulator : Visit blockchaincloudmining.com to start your new mining journey and let your daily income create more possibilities for you.

Did Barron Trump Really Pocket $40M from His Dad’s Crypto Scheme?

Did Barron Trump Really Pocket $40M from His Dad’s Crypto Scheme?

Barron Trump may have secured one of the most profitable windfalls among presidential relatives, thanks to his father’s crypto venture. Key Takeaways: Barron Trump may have earned up to $40 million from World Liberty Financial. He was named a cofounder and “Web3 ambassador” alongside his brothers in the venture. Trump acknowledged his son’s crypto knowledge, calling him more informed than himself. Nine months after Donald Trump entered the crypto arena with the launch of World Liberty Financial, his 19-year-old son Barron is reportedly sitting on a fortune. According to financial disclosures and estimates by Forbes , Barron may have earned up to $40 million from the venture, placing him well ahead of his older siblings in terms of early wealth accumulation. After taxes, his net gain is believed to hover around $25 million. Trump Admits Barron Knows More About Crypto Than He Does Trump first teased Barron’s crypto curiosity in September 2024, calling him “a young guy, but he knows it” and admitting he himself barely understood the basics of digital wallets. That same month, World Liberty Financial launched with a “gold paper” — a Trump-branded version of a white paper, naming Barron, Don Jr., and Eric Trump as “Web3 ambassadors” and cofounders. Exactly how much the Trump children stood to gain remained unclear until last week, when the former president disclosed his stake: 52.5% personally, with an additional 22.5% split among unnamed family members. If divided equally among the three sons, that would mean a 7.5% share each, the same percentage they reportedly held in the now-defunct Trump International Hotel in Washington, D.C. World Liberty Financial has sold over $550 million worth of tokens to date, with roughly $520 million distributed to stakeholders. That suggests each Trump son may have received around $39 million, though a partial sale of the venture in early 2025 could have changed those figures. Pres. Trump raked in $57.7M from the crypto scheme he and his sons helped launch. WELCOME TO THE WORLD OF CRONY CAPITALISM. pic.twitter.com/refkdV1Xmw — Steve Hanke (@steve_hanke) June 15, 2025 The sale’s timing fell outside the disclosure window, and neither the Trump Organization nor the crypto venture has responded to requests for clarification. Barron’s rise as a crypto figurehead marks a notable shift from his previously private profile. He was just nine when Trump launched his first presidential campaign. Since then, Barron has remained largely out of the spotlight, attending elite private schools in Washington and Florida before enrolling at NYU’s Stern School of Business in fall 2024. Trump Continues to Capitalize on Crypto Market Momentum Meanwhile, Donald Trump continues to capitalize on crypto market momentum. According to financial disclosures released last Friday, the former president pulled in $58 million from crypto ventures in 2024, primarily through WLFI token sales. That total trailed only his hospitality income and is expected to climb further in 2025 with an anticipated $390 million token sale and gains from his meme coin, launched in January. His involvement in Bitcoin mining, tokenized assets, and digital ETFs is raising concerns about potential conflicts of interest. Critics have pointed out that some of his businesses have seen tailwinds from favorable policy decisions during his time in office. As reported, the SEC has approved Trump Media and Technology Group’s (TMTG) registration statement tied to a $2.3 billion Bitcoin treasury initiative.

Government and Business Jointly Promote BTC Fever, SIX MINING Easily Enjoys Institutional Dividends

Government and Business Jointly Promote BTC Fever, SIX MINING Easily Enjoys Institutional Dividends

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