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DTCC, a company at the heart of the U.S. financial markets, may launch its own stablecoin if regulatory conditions are met. Stablecoins are gaining traction among top global financial institutions. On Thursday, June 12, the Depository Trust & Clearing Corporation, is reportedly exploring developing its own stablecoin. According to company insiders, DTCC is prepared to move quickly into the stablecoin space once the U.S. enacts appropriate legislation. However, the firm has not issued an official press release confirming its plans, indicating it is waiting for regulatory clarity before taking action. .S. lawmakers are currently reviewing two major stablecoin-related bills: the GENIUS Act and the STABLE Act . Both propose strict transparency and disclosure requirements, mandating that stablecoins be backed 1:1 by cash and other liquid assets. While the proposed rules would place clear compliance obligations on issuers, they would also offer legal protection and regulatory certainty. As a result, many analysts expect that passage of these laws would pave the way for more established financial institutions to enter the stablecoin market. The move comes after Circle, the biggest stablecoin issuer in the U.S., went public in a successful IPO . The company delivered more than 271% in returns in less than one week of trading, and 4x returns to private investors like Sigil. Issuers like Circle profit by investing their stablecoins with short-term Treasuries, which generate yields. The more stablecoins they issue, the bigger their profits are. For Circle, this translates into $3 billion in gross interest income. This straightforward and lucrative revenue model is increasingly attractive to traditional financial institutions. Visa, MasterCard, and JPMorgan are among the big players that are exploring their own stablecoin launches. Big tech companies are also exploring a similar move, and Apple, X, Google, and Airbnb are among the potential issuers. Most recently, Chinese tech giant Ant International has launched its own stablecoin bid on June 12, applying for licenses in Hong Kong, Singapore, and Luxembourg..

President Donald Trump said Thursday he has no plans to fire Federal Reserve Chair Jerome Powell, despite mounting frustration with the central bank’s pace on interest rate cuts. Speaking at a White House event, Trump stated, “I’m not going to fire him,” while questioning why such a move would be seen as controversial. “The fake news is saying, ‘Oh, if you fired him, it would be so bad.’ I don’t know why it would be so bad.” Trump has repeatedly criticized Powell for being slow to lower interest rates, referring to him as “Too Late” and blaming the current rate environment for increasing federal borrowing costs. Powell’s term as Fed chair is set to expire in May 2026. “We’re going out to financing, and I may have to force something,” Trump added, suggesting he might apply pressure on the Fed if rate cuts do not materialize soon. He also noted he isn’t opposed to rate hikes if inflation rises, but believes now is the time to ease. Trump also hinted that a decision on his nominee for the next Fed chair could come soon, following earlier comments that an announcement was imminent. Despite the sharp critique, he stopped short of saying he would replace Powell, calling him a “numbskull” but reiterating, “I’m not going to fire him.” The president also voiced concern about rising oil prices, underscoring broader economic pressures as he heads into the final months of his re-election campaign.

A strategic equity line gives the Nasdaq-listed company flexible $5 billion in buying power for SOL tokens while compounding staking yields in a bold crypto treasury play. On June 12, Solana ( SOL )-focused crypto treasury firm DeFi Development Corp. announced it has secured a $5 billion line of credit to accumulate additional SOL tokens and accelerate its SOL Per Share (SPS) metric. According to the statement , DeFi Development entered into a share purchase agreement with RK Capital Management LLC to issue and sell common stock in order to raise the funds. The company expects to access the facility after meeting customary conditions, including filing a registration statement on Form S-1 with the U.S. Securities and Exchange Commission. Unlike fixed-price equity offerings with large upfront issuances, the agreement uses a “capital-on-demand” model, giving DeFi Development flexibility to raise capital gradually and time deployments with favorable market conditions. The company said this structure enables it to scale on its own terms while compounding validator yield and maximizing long-term shareholder value without locking in prices during market volatility. “We now have the flexibility and structure we need to scale,” said Joseph Onorati, Chief Executive Officer. “This is a clean, strategic path to continue growing SOL per share and compounding validator yield.” The move marks a major milestone for DeFi Development, the first publicly traded U.S. company to adopt a Solana-focused treasury policy. According to the statement, the strategy is designed to give investors direct exposure to SOL while supporting the broader growth of the Solana ecosystem. The $5 billion facility positions DeFi Development as a central liquidity engine within the Solana network, while offering traditional investors access to blockchain-native yields. The company’s validator strategy generates staking rewards and delegation fees, reinforcing Solana’s decentralization and aligning its dual role as both investor and infrastructure operator with long-term ecosystem health. Formerly a real estate software company known as Janover, DeFi Development pivoted to a Solana-native strategy in April after a group of former Kraken executives acquired a majority stake. As of its last reported acquisition on May 15, the company purchased 16,447 SOL for $2.3 million. It now holds a total of 609,190 SOL, worth over $97 million at current prices.

📉 Bitcoin Dips as Israel Launches Airstrikes on Iran Bitcoin fell more than 4% late Friday after Israel launched airstrikes against targets in Iran, escalating tensions in the Middle East and prompting a broad selloff across risk assets. The world’s largest cryptocurrency dropped to $103,556, down from a 24-hour high of $108,500. Israel confirmed the strikes targeted Iranian military infrastructure near Tehran and Tabriz, in what it described as a “preemptive response” to growing threats. Iran has not yet issued a formal response, but state media reported explosions and disruptions to air traffic in affected areas. The move comes days after a high-level meeting between Israeli defense officials and U.S. counterparts. Washington has not commented on the attack but said it was monitoring the situation closely. Gold rose 1.7% to $2,414 an ounce, while U.S. futures pointed lower as investors weighed the risk of broader regional conflict. #BTC #Bitcoin $BTC

A crypto wallet linked to the $23 million Bitrue exchange hack of April 2023 has resurfaced after months of dormancy, with new on-chain movements showing a calculated effort to launder the stolen funds. According to data shared by blockchain analyst @EmberCN, the attacker is actively converting assets into Ethereum (ETH) and funneling them through Tornado Cash, a well-known crypto mixer. The laundering activity marks the latest chapter in a long-running saga that began when various assets, including ETH, QNT, GALA, and SHIB, were stolen from the exchange. Related: From SHIB to ETH to Tornado: How Bitrue’s stolen crypto is finally on the move The breach in April 2023 led to the theft of various assets, including ETH, QNT, GALA, SHIB, HOT, and MATIC. At the time, the total value of the stolen tokens was estimated at $23 million. Shortly after the incident, the attacker converted most of the compromised assets into ETH directly on-chain. The address remained largely dormant until March 2024, when it sold 4,207 ETH at a market price of $3,885 per coin. That transaction yielded 16.345 million DAI. However, the assets remained untouched until June 2025, when renewed on-chain activity confirmed movement of both ETH and DAI to a new wallet. Recent activity shows that the hacker has spent 8.304 million DAI to purchase 3,000 ETH. Shortly after, 4,600 ETH, equivalent to $12.65 million at the time of the transaction, was sent through Tornado Cash. The laundering process is still ongoing, with the wallet holding an additional 8.04 million DAI and 3,510 ETH as of the latest update. Related: Notorious Bitrue Drainer Strikes Again, Liquidating $16.34 Million of ETH These operations are part of a structured effort to cover up the origins of the funds through Tornado Cash. On-chain records show that before initiating these latest transactions, the hacker also sold off remaining SHIB and HOT tokens. The SHIB liquidation involved 150 billion tokens, generating 1,090.4 ETH valued at $1.97 million. Meanwhile, the sale of 1.35 billion HOT tokens netted 76.5 ETH, or roughly $140,000. The coordinated sale, exchange, and laundering of stolen assets over multiple stages shows a calculated strategy to exit holdings with minimal traceability. Analysts continue to track the wallet, which remains active. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.