Cryptonews.com
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đŸ“œ It’s time for another weekly crypto roundup! @mattzahab and @Rachelwolf00 are back with Episode 50, breaking down the latest crypto headlines. Don’t miss out — tune in now👇
📌 Price Action
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📌 Fintech Firm Fiserv Taps PayPal and Circle to Power Its Stablecoin Initiative Fiserv, one of the largest fintech firms in the US, announced plans Monday to launch its own US dollar-backed stablecoin, FIUSD. The company is teaming up with PayPal and Circle to expand digital asset services across its banking and payments network. It aims to roll out the token by the end of the year, tapping into infrastructure provided by Paxos and Circle.
📌 Peter Thiel’s Founders Fund Backs $200M Raise for Polymarket at $1B Valuation Polymarket is nearing a $200M raise at a $1B valuation led by Founders Fund. Despite bans and an FBI raid, the platform continues to grow and attract major backing. With over 21,000 open markets, Polymarket has become a global hub for political and economic betting.
📌 China’s Nano Labs Targets $1 Billion in BNB With $500M Raise via Convertible Notes China-based Web3 infrastructure firm Nano Labs has entered into a $500 million convertible note agreement as part of a broader strategy to accumulate Binance Coin (BNB) holdings worth up to $1 billion. The deal’s completion is not guaranteed and depends on standard closing conditions. The company aims to eventually hold 5–10% of BNB’s circulating supply as part of a broader digital asset strategy.
📌 Ledger Reveals Recovery Key for Flex and Stax Wallets Major crypto wallet maker Ledger has announced that its latest product, Ledger Recovery Key, is “coming soon.” According to the press release, this is a spare key for Ledger Flex and Ledger Stax wallets. It’s designed to make recovering access to assets simple, the team says. “There is no limit to the number of spare keys that can be created,” the announcement says. “Creating a spare key is always optional, and can only be created by you with confirmation on your Ledger.”
📌 Binance Launches Global ‘Crypto Cops’ Training to Combat Exploding Wave of Web3 Crime Binance has launched an ambitious global training initiative to create a new generation of “crypto cops” capable of combating the explosive surge in Web3 crime. This particularly came at a time when Blockchain security data reveals 2024 as potentially the worst year for crypto-related criminal activity in history, with over $3 billion in annual losses.
📌 Bit Digital Pivots From Bitcoin Mining to ETH Staking Strategy, Stock Drops 8% In May, the company reported a 17% decrease in revenue for the first quarter, 2025, compared to the previous year. “The decrease was driven by a decline in Digital asset mining revenue following the April 2024 halving,” Bit Digital said at the time. In particular, the firm saw a 64% decrease in revenue from Bitcoin mining and said it had earned only 83.3 Bitcoin during Q1, an 80% decrease from the prior year.
📌 SharpLink Gaming Doubles Down on ETH with $30.6M Buy, Becomes World’s Largest Public Holder Sports betting company SharpLink Gaming has solidified its position as the world’s largest publicly traded Ethereum holder, acquiring an additional 12,207 ETH for $30.6 million in a five-day buying spree that ended June 20. The Minneapolis-based firm now controls 188,478 ETH, worth approximately $457 million at current prices. This represents one of the audacious corporate crypto strategies since MicroStrategy’s Bitcoin accumulation campaign.
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