A piece of legislation with heavy implications for the digital assets sector made it through the Senate Select Committee on Intelligence’s funding package recently without most in the industry …

Amid a new generation of yield-bearing stablecoins, PayPal is confident in its purely payments-focused PYUSD. Source: https://www.coindesk.com/business/2024/06/10/stablecoin-issuers-want-to-give-something-back-in-multi-trillion-dollar-market-race/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The French president called a snap election after an unexpectedly poor showing in voting for the European Parliament. Source: https://www.coindesk.com/policy/2024/06/10/macron-calls-surprise-french-election-thats-unlikely-to-stir-crypto-is-likely-to-shake-up-government/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The U.K. firm joined JPMorgan’s Tokenized Collateral Network (TCN), piloting the tokenization of its own money market fund for the first time with Onyx Digital Assets. Source: https://www.coindesk.com/business/2024/06/10/fidelity-international-tokenizes-money-market-fund-on-jpmorgans-blockchain/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The latest price moves in bitcoin (BTC) and crypto markets in context for June 10, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the …

Crypto lending firm Ledn survived the crypto winter by being “boring, slow and safe,” according to a co-founder. Source: https://www.coindesk.com/business/2024/06/10/bitcoin-etfs-bankruptcy-paybacks-have-given-crypto-lending-a-second-wind/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Crypto is becoming an increasingly important part of Robinhood’s business, accounting for 20% of total revenue in the first quarter, the report said. Source: https://www.coindesk.com/business/2024/06/10/robinhoods-acquisition-of-bitstamp-expands-its-global-reach-architect-partners/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Markets will increasingly price in at least one Fed interest-rate cut for 2024, QCP Capital said. Source: https://www.coindesk.com/markets/2024/06/10/payrolls-led-bitcoin-ether-price-swoon-is-buy-the-dip-opportunity-crypto-trading-firm-says/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The COPA vs Craig Wright trial made a resurgence on Friday to determine what costs and penalties Wright might suffer. Source: https://www.coindesk.com/policy/2024/06/07/copa-seeks-payment-of-85-of-costs-in-craig-wright-case/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Ideas about lower U.S. interest rates were foiled again and a plunge in shares of speculative favorite GameStop soured the mood in crypto. Source: https://www.coindesk.com/markets/2024/06/07/big-friday-crypto-selloff-pulls-bitcoin-below-70k/?utm_medium=referral&utm_source=rss&utm_campaign=headlines