Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide

Canary has officially submitted an S-1 filing to the U.S. Securities and Exchange Commission (SEC) to launch a new exchange-traded fund (ETF) backed by staked Cronos ($CRO). If approved, this would mark the first staked $CRO ETF in the U.S. market, offering investors exposure to both the token’s value and staking rewards. The move reflects growing interest in staking-based investment products and aims to bring more accessibility and legitimacy to the broader crypto ETF space.

Bybit has officially received a MiCA license from Austria’s Financial Market Authority (FMA), allowing it to operate legally under the European Union’s new crypto regulation framework. This approval means Bybit is now fully compliant with the Markets in Crypto-Assets (MiCA) rules, which aim to bring clear standards and more stability to the crypto market across Europe. The license marks a major step for Bybit as it continues to expand its presence and offer secure services within the European crypto space.

Circle has frozen two wallets holding $57 million in USDC following a U.S. federal court order tied to a class-action lawsuit involving the LIBRA memecoin. The freeze comes as part of an ongoing legal battle over the controversial token. A court hearing is scheduled for June 9 to determine whether the funds will remain frozen. This move highlights growing legal pressure on projects tied to memecoins, as regulators and courts take a closer look at investor protections.

Metaplanet has issued another $21 million in zero-interest bonds to buy more Bitcoin, strengthening its commitment to the digital asset. This bold move enables the company to expand its BTC holdings without incurring any interest, demonstrating confidence in Bitcoin’s long-term potential. As traditional financial strategies face growing uncertainty, Metaplanet is turning to crypto as a key part of its strategy. The latest purchase is part of its ongoing effort to build a strong Bitcoin-backed treasury.

Jetking has added 5.98 BTC to its holdings for $617,143 at an average price of $110,975 per Bitcoin. This brings its total Bitcoin stash to 21 BTC, acquired for approximately $1.59 million at an average of $75,081 per BTC. As of May 28, 2025, Jetking has achieved a strong year-to-date Bitcoin yield of 31.05%, reflecting both strategic timing and growing confidence in the crypto market.

GameStop ($GME) has purchased 4,710 Bitcoin, worth approximately $512 million, marking a major investment in cryptocurrency. This move signals the company’s growing interest in digital assets and diversification beyond its traditional retail business. By adding Bitcoin to its portfolio, GameStop joins other major companies embracing crypto as part of their financial strategy. The purchase highlights increasing corporate confidence in Bitcoin’s long-term value and its role in the future of finance.

Telegram is planning to issue $1.5 billion in five-year bonds with a 9% interest rate to repay its 2021 debt. Major investors like BlackRock, Mubadala, and newcomer Citadel are backing the deal. The bonds come with an option for investors to convert them into equity at a discount if Telegram goes public. This move aims to strengthen Telegram’s financial position while preparing for a potential future IPO.

ZachXBT has strongly denied James Wynn’s claim that a conspiracy group is using his name to launch scam tokens at price peaks. He accused James of repeatedly running similar meme coin scams on his own followers over the years. Back in July 2024, Dylan accused James of getting 2% of the Babypepe token supply and slowly selling it after pumping the price. The ongoing dispute highlights growing tensions around token scams in the community.

The SEC has officially moved forward in reviewing Cboe BZX Exchange’s proposal to list the WisdomTree XRP Fund. This fund aims to track XRP’s spot price using the CME CF Ripple-Dollar Reference Rate. The SEC has entered a new evaluation phase to decide if the fund meets legal standards under the Securities Exchange Act of 1934. No approval or rejection has been made yet, as the application continues through the review process.

The Sui community has voted to return stolen assets from the Cetus Protocol, with nearly 53% supporting the proposal. Following the decision, a multisig wallet managed by the Sui Foundation and OtterSec will recover and transfer approximately $162 million in frozen funds from the attacker’s address. This action is a key step toward rebuilding trust and strengthening security within the Sui ecosystem after the Cetus incident.