MARA Cuts 15% of Workforce After Selling $1.1 Billion in Bitcoin to Pivot Business Focus

Federal prosecutors revealed that four North Korean nationals posed as remote developers to steal nearly $1 million in crypto from an Atlanta-based blockchain startup. The defendants operated in the UAE before infiltrating U.S. and Serbian crypto firms, using fake identification documents to launder stolen funds.

The Rex-Osprey Solana + Staking ETF will offer direct exposure to Solana with on-chain staking rewards, making it the first staked crypto ETF in the U.S. It will hold Solana through a Cayman Islands subsidiary to generate yield by staking at least half of the holdings.

The U.S. Supreme Court declined to re-examine the Fourth Amendment's application to digital financial data in the case of Harper v. Faulkender, disappointing crypto players like Coinbase. The court's decision not to hear the case leaves the third-party doctrine intact, impacting user privacy rights.

Lingerie Fighting Championships plans to acquire $2.23 million worth of Bitcoin over the next six months, inspired by GameStop's move to buy Bitcoin. The organization sees Bitcoin as a long-term investment due to its potential future value.

Circle, the USDC stablecoin issuer, is seeking approval from the OCC to launch a national trust bank named First National Digital Currency Bank, N.A. This move aims to comply with stablecoin legislation and strengthen USDC infrastructure under federal oversight.

Bitcoin's stability above $107,000 is influenced by upcoming macroeconomic data, Federal Reserve actions, and geopolitical signals. The crypto market faces a crucial moment as June ends, with oil prices dropping and the S&P 500 up 2% in 2025. Ethereum is climbing upwards, but Solana is outperforming the pack. Where do prices go next?

Robinhood's shares surged to an all-time high after introducing tokenized stock trading on its blockchain network for European customers. Users in Europe can now trade U.S.-listed stocks and ETFs on the Arbitrum scaling network as tokens, with plans to expand to their own blockchain.

Ric Edelman, a prominent financial advisor, suggests allocating up to 40% of clients' portfolios to digital assets, emphasizing the importance of crypto investments in today's financial landscape. He points to improved regulatory clarity and institutional involvement as reasons for his updated stance on crypto allocations.

Fold Holdings (FLD) announced a delay in the rollout of its Fold Bitcoin Credit Card due to a key infrastructure partner exiting the credit card business. This news caused shares to drop over 7%, impacting the company's stock performance.

Nobitex, the largest centralized exchange in Iran, is gradually recovering from a $90 million hack by the pro-Israel group Gonjeshke Darande. The attack affected civilians despite the attackers claiming to target the Iranian government.