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Bitcoin.com News

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Bitcoin.com News

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  • Africa's Stablecoin Boom: An 'Economic Lifeline' for Emerging Markets The founder of an African stablecoin association said he supports BitMEX founder Arthur Hayes’ claim that one-third of Nigeria’s GDP is conducted in USDT. He emphasized that stablecoins are a vital economic lifeline for emerging markets and marginalized communities. Stablecoins an Economic Lifeline A founder of a Nigerian stablecoin platform has backed BitMEX founder Arthur Hayes’ assertions in a recent blog that a third of Nigerian gross domestic product (GDP) is conducted in USDT. According to Nathaniel Luz, who also leads the Africa Stablecoin Network, Hayes’ claims are hardly surprising because stablecoins are proving to be an “economic lifeline” for emerging markets and countries with broken financial systems. From proving to be a much more effective way of paying for imports to rescuing the financially excluded, stablecoins like USDT are showing themselves to be a life-changing financial innovation. Explaining to Bitcoin.com News why stablecoins are increasingly popular in Africa, Luz said: They serve as a financial lifeline for individuals who need to make prompt payments to import goods. They serve as an economic lifeline for people who have been marginalized, specifically those who cannot access funds through conventional banking apps. They are an economic lifeline for third-world countries, emerging markets, and people whom the big financial players have marginalized. Stablecoins do not discriminate. In his recent blog post, Hayes revealed that a board member of an unnamed major U.S. bank highlighted the threat posed by stablecoins to a business model that has earned financial services billions of dollars for years. According to Hayes, the said board member believes stablecoins are inevitable; therefore, financial institutions must adapt or sink. While a growing number of U.S.-based financial institutions are eagerly exploring the launch of their own stablecoins, these ambitions remain largely tethered to the elusive promise of a clear regulatory framework. Of the two stablecoin bills currently before U.S. lawmakers, only the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act has managed to clear significant legislative hurdles. Africa More Than Ready for Stablecoins Analysts contend that only after a definitive and comprehensive law is enacted will a floodgate truly open for companies seeking to introduce their stablecoin offerings. However, unlike in the U.S., which until recently pursued a hostile policy toward digital assets, stablecoins in Africa already have “75% of the criteria for full adoption with a ready market.” According to Luz, while regulation is the only missing piece of the puzzle, some African governments are finally waking up to this reality. “The current Nigerian government is pro-crypto and pro-stablecoin. Cryptocurrency is entirely legal in Nigeria, and we can see government bodies like the SEC coming up with the ‘Crypto Smart, Nigeria Strong’ initiative to educate and increase the adoption of cryptocurrencies. It is time for Africa, and we are glad to be a part of it,” Luz said. Regarding his association’s role in promoting the use of stablecoins in Africa, Luz explained that the African Stablecoin Network is focused on stablecoin adoption in Africa. As part of this mandate, the network is set to hold a conference in July that draws stakeholders from the finance and fintech industry. On lessons that can be drawn from the ongoing process to establish a stablecoin regulatory regime in the U.S., Luz said African governments must distinguish stablecoins from cryptocurrencies. “Just as the U.S. began with the STABLE and GENIUS Acts, financial regulatory bodies in Nigeria and other African countries must establish separate regulations for stablecoins,” Luz stated.
  • Strike CEO Jack Mallers: Bitcoin Is a Moral Revolution, Not Just an Investment Jack Mallers, the CEO of Strike and Twenty One Capital, delivered a keynote at BTC Prague arguing bitcoin represents a moral revolution against a failing financial system burdening younger generations. Youth Bear Cost of Money Printing, Mallers Says; Bitcoin Provides Hope Strike CEO Jack Mallers used his keynote address at BTC Prague to frame bitcoin as a necessary moral and generational revolution against a financial system he claims has failed young people. He rejected characterizations of bitcoin (BTC) as solely for the wealthy or speculative gain. Mallers, identifying as a young millennial, asserted his generation struggles under the weight of government debt and policies favoring elites. “My generation is struggling,” Mallers stated. “It’s not an investment; it’s a revolution.” He described government debt as “a form of time travel,” spending future resources, and asked why problems like poverty persist if money can simply be printed. He traced systemic issues back to President Nixon ending the U.S. dollar’s convertibility to gold in 1971 and the subsequent petrodollar system. Mallers cited economist Robert Triffin’s dilemma, arguing that the dollar’s reserve status forces the U.S. to run deficits, exporting inflation and instability domestically. Mallers said: The cost of printing is not paid in currency—it’s paid in us. The youth bear it. Citing statistics, Mallers claimed social decline accelerated after 1971, including falling birth rates, rising divorce, increasing single-parent poverty, soaring health costs, declining life expectancy relative to Japan, unaffordable housing, and exploding incarceration rates. “Global reserve gone awry is not superpower—it’s a disease,” he argued. Mallers contended that fiat money, controlled by governments, represents a “moral violation.” “Printing money is a moral violation—it’s stealing from future generations without consent. Fiat is a moral wrong,” he declared. He positioned bitcoin as humanity’s next essential tool, akin to fire or the printing press, designed with unbreakable ethical rules: “no censorship, no inflation… no theft.” “Before bitcoin is the best-performing asset, it’s a moral stand,” Mallers asserted. He emphasized Bitcoin’s foundation in mathematics and cryptography, making it resistant to seizure or censorship: “Bitcoin creates immensity—the strength no violence can break.” He highlighted the community’s role: “Bitcoiners are bitcoin—the nodes enforcing consensus are run and defended by humans.” Concluding, Mallers urged his generation to see BTC as hope for a better future. “Bitcoin is a moral option… It uses math to preserve happiness, saving, family, hope,” he said, adding: “Choose ethical money. Choose freedom.”
  • The U.S. House shows 66% pro-Bitcoin alignment, signaling a major shift towards crypto-backed growth. The GENIUS Act, now advances to the House for consideration, while the CLARITY crypto market-structure bill heads to the Senate.
  • Bakkt Files for $1 Billion Shelf Offering, May Allocate to Bitcoin Bakkt Holdings, Inc. filed a $1 billion mixed securities shelf offering with the U.S. Securities and Exchange Commission (SEC), potentially funding bitcoin acquisitions under its updated investment strategy. Crypto Firm Bakkt Seeks $1B in Flexible Capital Raise for Digital Assets The crypto platform’s Form S-3 registration, filed June 26, 2025, allows it to sell Class A common stock, preferred stock, debt securities, warrants, or units in one or more future offerings. Proceeds may support working capital and “general corporate purposes,” per the prospectus. The shelf mechanism provides flexibility to raise capital opportunistically over time without new SEC filings. Bakkt Files for $1 Billion Shelf Offering, May Allocate to Bitcoin BKKT share performance as of June 26, 2025. Bakkt’s updated investment policy, disclosed on June 10, 2025, explicitly permits bitcoin (BTC) and digital asset acquisitions using cash reserves, financing proceeds, or other capital. The policy aims to align treasury strategy with crypto market exposure, though the firm noted no purchases have yet occurred. The SEC filing highlights significant business challenges, including client concentration and non-renewal of a major contract. Bakkt’s loyalty segment faces potential divestment as it refocuses on crypto services. A March 2025 cooperation agreement with Distributed Technologies Research Global Ltd. aims to integrate payment-processing technology. Regulatory uncertainties feature prominently in risk disclosures. Bakkt warned that evolving crypto rules, potential security classification of digital assets, and banking access disruptions could materially impact operations. Cybersecurity threats to digital holdings and operational hurdles in integrating new assets were also cited. Bakkt did not specify a timeline for securities sales but the crypto community is amped up about this prospect. Its Class A shares (NYSE: BKKT) and public warrants (BKKT WS) remain listed. The shelf offering requires prospectus supplements detailing terms for each tranche. If Bakkt does allocate to bitcoin, the company will join a slew of firms using the same strategy
  • USDT on TRON Surpasses $80 Billion, Strengthening TRON’s Position as the Leading Stablecoin Network TRON DAO announced today that the total circulating supply of USDT on the TRON blockchain has exceeded $80 billion, further cementing TRON’s position as the top blockchain for USDT activity. With USDT holding more than 63 percent of the global stablecoin market and surpassing 155 billion dollars in circulation, over half of that supply is issued on TRON. Since January 2025, the supply of USDT issued on the TRON network has grown by approximately 20 billion, according to a data platform Token Terminal. TRON continues to lead all blockchain networks in USDT issuance, transaction volume, and daily user activity. TRON has established itself as the preferred settlement network for stablecoins, hosting around 60 percent of payment transaction volume. Its scale and efficiency continue to position it as the backbone for digital dollar movement across borders and diverse financial applications. As of June 2025, TRON processes over 8.9 million daily transactions and has surpassed 315 million total user accounts. Additionally, the network facilitates an average of $21.5 billion in daily USDT transfers. With over 1 million unique wallets transacting USDT each day, TRON also leads in active stablecoin wallet usage, representing 28 percent of global active addresses. With stablecoins playing an increasingly important role in cross-border settlement, financial access, and dollarization in emerging markets, TRON has established itself as one of the most widely used blockchain networks in the world. Its combination of scale, speed, and low transaction costs has made it the preferred environment for stablecoin activity worldwide. “TRON’s success is grounded in its alignment with the core values of crypto—openness, user empowerment, and real-world utility,” said Justin Sun, founder of TRON. “ USDT on TRON has become the go-to choice for millions of people because it works—it’s fast, efficient, and easy to use. The TRON ecosystem remains focused on building reliable infrastructure for the next generation of digital finance.” TRON’s leadership in the stablecoin space continues to evolve to meet growing institutional demand. In April 2025, World Liberty Financial chose TRON to launch its USD1 stablecoin, which began minting earlier this month. Additionally, the TRON ecosystem has deepened its focus on financial compliance through the T3 Financial Crime Unit (T3 FCU), a joint initiative with Tether and TRM Labs. Since launch, T3 FCU has worked with law enforcement agencies worldwide to freeze over $160 million linked to illicit activity. As the digital dollar economy continues to expand, TRON remains a core pillar of the infrastructure driving greater efficiency and financial inclusion. About TRON DAO TRON DAO is a community-governed DAO dedicated to accelerating the decentralization of the internet via blockchain technology and dApps. Founded in September 2017 by H.E. Justin Sun, the TRON blockchain has experienced significant growth since its MainNet launch in May 2018. TRON hosts the largest circulating supply of USD Tether ( USDT) stablecoin, exceeding $80 billion. As of June 2025, the TRON blockchain has recorded over 315 million in total user accounts, more than 10 billion in total transactions, and over $21 billion in total value locked (TVL), based on TRONSCAN.
  • Ledger to Phase out Nano S Model, Urges Users to Upgrade Per a recent developer update from Ledger, the hardware wallet maker is gradually retiring support for the Ledger Nano S. The company advises users to upgrade to a newer model, citing upcoming shifts in blockchain protocols that could render the device obsolete over time. Ledger Plans to Discontinue Nano S Support After Nine-Year Run Ledger, the maker of crypto hardware wallets, is winding down its Nano S line and urging users to prepare for a switch to modern alternatives. Though not its debut product, the Nano S gained widespread popularity after its 2016 launch, marking Ledger’s first big hit in the consumer wallet market. “Ledger is transitioning away from the Ledger Nano S,” the company’s Spring 2025 update notes. “As a result, new applications, feature submissions, and app updates on the Nano S will not be accepted. We recommend you begin planning for this transition now to ensure continuity for the users by warning your community that support of your blockchain app/wallet/service on the Nano S is not guaranteed.” Ledger to Phase out Nano S Model, Urges Users to Upgrade Ledger also confirmed it has stopped manufacturing the Nano S and suggests users and developers move to its other models like the Nano S Plus or Nano X. When the announcement hit social media, it didn’t take long for a wave of frustration to ripple through the user base. “Very uncool Ledger – you effectively force anyone to buy and enter the seed into a new device,” one user wrote on X. Another individual said they were hoping someone would release open-source software to keep the Ledger Nano S functional since it’s their preferred low-effort cold wallet option. As the Nano S era winds down, the shift signals more than just a product phaseout—it’s a nudge toward evolving security standards in a rapidly advancing space. Whether through open-source efforts or newer models, Ledger Nano S users now face a choice.
  • Lightchain AI Ramps Up Development on Decentralized Inference, Rewards, and Federated Training Systems. June 2025 – Lightchain AI, the pioneering Layer-1 protocol fusing blockchain infrastructure with decentralized artificial intelligence, has announced the development of several new components aimed at scaling its vision of on-chain AI services. As Lightchain AI approaches its highly anticipated mainnet launch, the core team is actively building and testing systems that will enable real-time, decentralized AI interactions while empowering users to contribute compute and earn rewards—all in a fully permissionless environment. Among the most notable systems in active development: Chat AI Inference Integration The team is finalizing a robust on-chain inference module that will allow users to submit and receive AI queries directly from the Lightchain dashboard. Powered by Lightchain’s AI Virtual Machine (AIVM), this module enables smart contract-verified inference jobs that are processed in a decentralized network—ushering in a new era of open, uncensorable AI utilities. Reward Mechanism for Compute Providers To support this decentralized AI backbone, Lightchain AI is implementing an autonomous payment system that rewards GPU operators for successfully completing inference tasks. Rewards will be paid in LCAI tokens, ensuring compute providers are compensated fairly and transparently. Federated Learning Contribution Client Lightchain AI is also building a standalone federated learning client that will allow anyone with idle GPU power to contribute to training the global Lightchain model. Contributors will help improve AI performance while earning tokenized rewards for their efforts—decentralizing not just inference, but AI training itself. Validator & Node SDK Kit To expand the Lightchain ecosystem and support developers and node operators, an SDK is being rolled out with complete tooling for validators, node setup, and AI integration. This kit will streamline onboarding and provide access to Lightchain’s AI-native protocol infrastructure. These developments underscore Lightchain AI’s mission to build a trustless, censorship-resistant AI platform at the infrastructure level—one where inference, training, and rewards are all executed through blockchain-native mechanisms. “This is about reimagining what AI looks like when it’s embedded into the chain itself, not just bolted on,” said a core contributor at Lightchain AI. “We’re building a network where AI is decentralized by design, and where anyone can participate in powering the next wave of intelligence.” The Lightchain AI presale remains active with bonus rewards available in the final round. Early supporters can still join the decentralized AI revolution and secure their stake in what many are calling the most forward-thinking project in Web3 and machine intelligence.
  • Crypto ETFs Stay Green: Bitcoin and Ether ETFs Record Solid Weekly Inflows Amid Market Bitcoin ETFs closed the week with an impressive $1.02 billion net inflow, extending their bullish streak, while ether ETFs notched their sixth straight week of inflows, adding $40.24 million. The crypto exchange-traded fund (ETF) market wrapped up the third week of June on a resoundingly positive note as both bitcoin and ether funds posted net inflows, reflecting growing investor confidence amid a steady market environment. Bitcoin ETFs led the charge with a net inflow of $1.02 billion for the week, marking their second consecutive week of inflows above $1 billion. The standout moment came on Monday, June 16, with a hefty $412.2 million net inflow, setting the tone for an all-green trading week. Leading the pack once again was Blackrock’s IBIT, securing a remarkable $1.23 billion inflow. Other gainers included Bitwise’s BITB ($29.85 million), Grayscale’s Bitcoin Mini Trust ($14.93 million), and Hashdex’s DEFI fund ($1.17 million). Meanwhile, Ark 21Shares’ ARKB disappointed with a $187.79 million outflow, while Fidelity’s FBTC and Grayscale’s GBTC saw $61.66 million and $3.15 million outflows, respectively. Ether ETFs also extended their bullish run with a net inflow of $40.24 million, making this their 6th consecutive positive week. Blackrock’s ETHA topped the list with $48.19 million in net inflows, followed by Grayscale’s Ether Mini Trust ($10.59 million), Bitwise’s ETHW ($3.62 million), and Vaneck’s ETHV ($1.77 million). ETF Weekly Recap: Bitcoin ETFs Post $1.02 Billion Net Inflow for the Week Source: Sosovalue Notably, Grayscale’s ETHE and Fidelity’s FETH struggled with weekly outflows of $9.02 million and $14.91 million, respectively. Trading volumes remained robust for both bitcoin and ether ETFs as total net assets across the board held firm. The persistent inflow streak underscores market optimism, with institutional interest showing no signs of slowing in mid-June.
  • Iran’s retaliatory strike on a U.S. base in Qatar, viewed as de-escalatory by markets, triggering a 6% oil price drop, Bitcoin rebounding to $103K, and modest stock gains

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