Author: CoinNewsJunction.com

TLDR: Figure’s Kiavi acquisition adds over $7 billion in annual first-lien lending volume to its network. Democratized Prime is expected to receive more than $100 million in monthly asset flow after closing. Kiavi becomes the first platform scheduled for onboarding through Figure’s new Adaptor AI system. A Figure and Sixth Street venture will acquire Kiavi’s balance sheet loans as part of the deal. Figure Technology Solutions has agreed to acquire real estate lending platform Kiavi in a transaction valued at $717 million. The deal brings one of the largest residential transition loan originators into Figure’s blockchain-based lending network.  Figure plans…

TLDR Hungary moves to scrap prison terms linked to crypto trading violations Earlier rules targeted unlicensed exchanges and high-value transactions The government plans to end criminal prosecution for market participants Licensing restrictions previously pushed platforms like Revolut to exit Authorities aim to align the national framework with EU MiCA standards Hungary has started reversing its strict crypto rules and plans to remove criminal penalties for digital asset trading. The government move follows criticism of licensing barriers that pushed exchanges out of the country. Officials also aim to align national laws with the European Union MiCA framework and reduce market restrictions.…

Federal prosecutors have charged two alleged operators of a cryptocurrency laundering service that processed more than $389 million in transactions and received over 10,000 Bitcoin since launching in 2021. Summary U.S. prosecutors charged two alleged AudiA6 operators after tracing more than $389 million in cryptocurrency transactions through the laundering service. Authorities said the network received over 10,000 Bitcoin since 2021, including funds linked to darknet markets, ransomware groups and cybercrime services. An international operation led to arrests in Georgia, server seizures across multiple countries, and the freezing of cryptocurrency assets. According to the U.S. Attorney’s Office for the Eastern District…

Billionaire financier Tim Draper believes that the conventional banking system faces a more immediate threat from quantum computing than Bitcoin does. The statements have raised a discussion about which financial institutions are at the greatest risk as the technology continues its rapid advancement into the mainstream. Draper in an X post wrote that he feels his crypto investments are safer than the dollars stored in bank accounts. The financier’s opinion is supported by the fact that the banking infrastructure lacks the necessary safety measures that would allow a rollback to the last uncompromised block if a blockchain were to be…

Key TakeawaysCFTC proposed a June 10 framework with a 90-day review for certain event contracts.Kalshi gains clearer rules, while Polymarket may benefit from reduced regulatory uncertainty.CFTC’s comment period runs 30-90 days; new contract filings are expected next. The move replaces an approach that prior CFTC leadership had tried and failed to advance. In 2024, the agency proposed sweeping amendments to Regulation 40.11 that would have defined “gaming” broadly enough to effectively ban most sports and political event contracts from CFTC-registered platforms. That proposal drew sharp criticism for overreach and was withdrawn in February 2026. The June 10 rulemaking, formally designated…

According to a statement shared by Robinhood chief executive Vlad Tenev on X on Tuesday, Robinhood Securities is now approved to serve as an underwriter, allowing the company to move beyond distributing IPO shares and into the group of firms that help bring companies public. Summary Robinhood Securities has received approval to serve as an IPO underwriter, expanding its role in public market offerings. A Talos and Coin Metrics report said onchain pre IPO futures are emerging as an additional signal of investor demand ahead of major listings. Tenev did not specify which regulator granted the approval. In the U.S.,…

They say journalists never truly clock out. But for Christian, that’s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian’s journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved…

TLDR: Vietnam’s digital law recognises crypto assets as property while enabling five-year pilot exchange prog SSC officials said Vietnam is building a regulated crypto framework with AML, custody and investor safeguards Tokenised assets including real estate and infrastructure could reach $70–80B in Vietnam by 2030, per projections Vietnam ranks 7th globally in crypto users as ETF growth and APAC volumes continue rising sharply Vietnam’s State Securities Commission said crypto assets and tokenised real-world assets are entering the country’s formal digital economy framework. Officials said preparations are underway for a regulated crypto asset market launch planned for the third quarter of…

TLDR Over 200 crypto companies and groups urged a Senate vote on the Clarity Act. Coinbase, Ripple, Kraken, Circle, and Binance US signed the industry letter. Stand With Crypto said it mobilized nearly 3 million advocates nationwide. The Senate Banking Committee passed the Clarity Act with bipartisan support. Senator Cynthia Lummis confirmed the bill now moves toward a floor vote. More than 200 digital asset companies and trade groups urged Senate leaders to schedule a floor vote on the Digital Asset Market Clarity Act. Stand With Crypto coordinated the letter with the Blockchain Association, the Crypto Council for Innovation, and…

A Solana staking whale, monitored by Arkham Intelligence under the entity name ‘SOL Staking Whale’, has lost most of the profits it made in a span of 5 years in the recent market crash. At the start, the whale invested about $26 million in assets. The total amount spiked to $337 million over 5 years. However, the whale profit and accumulation have tanked to about $26 million in the current market geopolitical drama. Throughout the trade journey, the whale has withdrawn SOL worth $137.67M from market gains. SOL whale loses millions amid market downturns As reported by Arkham Intelligence, the…