Cryptocurrency exchange FTX is reportedly considering an acquisition of the trading platform Robinhood. Sources close to the situation told Bloomberg that FTX is still weighing the possibility and hasn’t yet made an offer.

When asked about the possible buyout, FTX CEO Sam Bankman-Fried stated that the company currently isn’t in the process of trying to acquire Robinhood. “We are excited about Robinhood’s business prospects and potential ways we could partner with them,” Bankman-Fried said in a statement to Bloomberg.

The Tether CTO Paolo Ardoino responded to rumors that hedge funds have already been taking millions in loans to short USDT since Terra (LUNA) collapsed in May, speaking on Twitter on Monday, June 27.

He has revealed that hedge funds intending to short sell the dollar-pegged cryptocurrency asset have launched an “organized attack” on the stablecoin to damage Tethers liquidity.

Despite the cryptocurrency market being down significantly from previous highs, Adam Back remains bullish. In the midst of widespread fear and 40-year record inflation levels, Adam Back reiterated a statement from last year in which he claimed Bitcoin ($BTC) would hit $100,000 by year-end.

Responding to a Tweet claiming that Bitcoin would still hit six figures during the next market cycle, Back said that he believes Bitcoin could actually hit $100,000 this year as the DeFi sector crumbles.

The co-founders of India’s largest cryptocurrency exchange WazirX, Nischal Shetty and Siddharth Menon, have moved to Dubai with their families.

Several developers and engineers working in this space have already moved or are considering relocating to Dubai and Singapore. The crypto industry has argued that the 1% TDS locks the investment capital for crypto traders, and suggested it should be kept at a low 0.1%.

LBank Exchange, a global digital asset trading platform, has listed Bible Coin (BIBL) on June 28, 2022. For all users of LBank Exchange, the BIBL/USDT trading pair is now officially available for trading.

Equipping the church with modern technologies such as blockchain, Bible Coin (BIBL) leads the church to the new web3 frontier with its transparent donations, empowered missionaries and accessible contents.

In December 2020, the SEC filed a lawsuit against Ripple Labs Inc, alleging that CEO Brad Garlinghouse and Chris Larsen had raised $1.3 billion by using XRP as an unregistered security.

In a recent interview, Ripple CEO Brad Garlinghouse stated if the US Securities and Exchange Commission wins the lawsuit, Ripple will bid adieu to the country.

According to the founder of Crypto Capital Venture, Dan Gambardello, Cardano (ADA) is just 62x away from hitting $1 trillion in market cap.

Cardano has continuously managed to hold onto a position in the top 10 list of development activities on GitHub. In fact, compared to other well-known networks like Ethereum, it was superior in terms of development activity at the beginning of June.

Smartphone manufacturer HTC has launched its first “Viverse” phone, designed to be compatible with its metaverse platform and incorporating crypto and NFT functionality.

The HTC Desire 22 Pro comes preloaded with apps that let you access and manage your metaverse content, including crypto and NFTs, from the phone.

Concerns about a so-called ‘crypto winter’ have not frozen investor interest in the sector, Bank of America said in a report Tuesday, following its Web3 & Digital Assets Day Conference, which took place last week.

Conversations with some of the 160 clients who attended the event made clear that “blockchain technology and the digital asset ecosystem are here to stay,” the report said, and the bank remains optimistic for mainstream digital asset adoption.

Popular crypto exchange Crypto.com is cutting multiple cryptocurrencies from its rewards program, Crypto Earn, which enables investors to accrue daily rewards for investing in crypto assets.

The company announced that it was no longer offering rewards for popular memecoins like Dogecoin and Shiba Inu, along with 13 other cryptocurrencies, as of June 27.

Cryptocurrency exchange CoinFlex on Tuesday issued a new token to raise funds in a bid to restart withdrawals for its customers, after one client failed to repay a massive debt.

CoinFlex said it would issue $47 million worth of a digital coin, offering 20% interest, which it’s calling Recovery Value USD, or rvUSD.

Catalonian director-general of innovation Daniel Macro discussed some of the key efforts that the government has taken and worked on to make the region a digital hub. Macro’s comments came during the European Blockchain Convention (EBC) 2022.

He revealed that the government is working towards building a Catalonian metaverse called Cataverse, explaining “Cataverse will be linked to the Catalan language and the Catalan culture. That is what we want to have in this metaverse”

Talking about the innovation and adoption of private stablecoins and plans of central banks regarding the CBDC launch, Swiss National Bank deputy head Thomas Muser said both could co-exist. He said that CBDC’s function would be very basic and private stablecoin issuers can add services on top of them to meet retail customers’ needs.

He added that regulators may be forced to favor centralized stablecoins, saying “My fear is that that, that people will throw all decentralized stable currency in the same kind of category, which is not true, you know, so there’s a danger. I think that regulation will favor centralized stablecoins.”

Three Arrows Capital, a crypto-focused hedge fund, has to meet a deadline on Monday to repay more than $670 million in loans to Voyager Digital or face default.

Voyager Digital, a digital asset brokerage, said last week that it had lent 3AC 15,250 bitcoins and $350 million of the stablecoin USDC. At Monday’s prices, the total loan equates to more than $675 million.

Hacktivist group Anonymous has pledged to “make sure” Terra co-founder Do Kwon is “brought to justice as soon as possible” in regard to the collapse of the Terra (LUNA) and TerraUSD (UST) ecosystems in May.

“There is no doubt that there are many more crimes to be discovered in your trail of destruction,” hacktivist group Anonymous said on its YouTube channel.

One of the biggest gaming franchises, Grand Theft Auto, popularly called GTA, confirmed that it is working on its 6th installment, and according to a report, GTA 6 could include Lightning or Bitcoin features within the game.

GTA 6 might provide a digital payments system in the gameplay, and players could be rewarded in bitcoin for completing missions. It’s not far fetched considering the “play-to-earn” trend is considered to take over games in coming years.

“We’re seeing that a number of firms are insolvent, but it’s a small number in the grand scheme of things,” Changpeng Zhao, founder and chief operating officer of crypto exchange Binance said. Zhao said Binance is currently “looking at 50 to 100 deals.”

But in CZ’s view, these transactions aren’t necessarily bailouts, calling this an “overloaded word.” “We do look at stressed assets, companies that are insolvent and we’d like to help them either with loans, minority investments or even with majority acquisitions,” CZ said.

Crypto miners were forced to deal with power cuts over and over, the Iran Power Generation, Transmission and Distribution Company (Tavanir) has advised them to end operations once more, for the rest of this summer.

They are anticipating electricity shortages in the following three months of hot climate conditions when demand will rise exponentially due to the rising utilization of electricity by air cooling systems.

Goldman Sachs (GS) cut Coinbase’s (COIN) rating to “sell” from “neutral” and slashed its price target to $45 from $70, the bank said in a report on Monday.

The downgrade was due to the continued fall in crypto prices and the ensuing fall in industry activity levels, Goldman said.