Juventus have announced a new three-year sleeve sponsorship deal with cryptocurrency exchange WhiteBit, further strengthening their ties to the crypto sector. The agreement makes WhiteBit the official crypto exchange partner of the Serie A club, with its logo to appear on the men’s first team jerseys.
The deal, reportedly worth €5 million per season, includes exclusive digital content and joint initiatives designed to engage fans. WhiteBit takes over from asset management firm Azimut, which held the sleeve rights briefly following earlier crypto sponsors Bitget and Zondacrypto.
The partnership marks another strategic push by Juventus into the digital asset space. Earlier this year, crypto firm Tether increased its ownership stake in the club by over ten percent.
WhiteBit, meanwhile, has expanded its footprint in football through a partnership with Barcelona and was among the top ten crypto sponsors globally last season.
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The US Senate has passed the GENIUS Act, the first bill to establish a federal framework for regulating dollar-backed stablecoins. Passed with cross-party support in a 68–30 vote, the legislation marks a major win for the crypto industry, which has long sought clearer oversight.
The bill still requires approval from the House and a signature from President Trump. It would mandate that stablecoin issuers hold reserves in cash or US Treasuries, undergo audits, and disclose their holdings.
While it bans members of Congress and their families from profiting, the same restriction does not apply to Trump and his family — a point of contention among Democrats.
Circle and other crypto firms welcomed the move. Meanwhile, major players like Bank of America, Amazon, and Walmart are exploring their stablecoin offerings. Trump has also backed a new coin, USD1, through his startup World Liberty Financial.
If the legislation becomes law, it could transform payments by encouraging new issuers, reducing reliance on traditional card networks, and expanding global access to digital dollars. US Treasury Secretary Scott Bessent believes the market could surpass $2 trillion by 2028.
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JPMorgan Chase has filed a trademark application in the US for ‘JPMD’, a name set to cover a wide range of cryptocurrency-related financial services. The new trademark covers digital asset trading, payments, transfers, custody, brokerage, and real-time token transactions.
The move indicates the banking giant may be preparing to deepen its involvement in blockchain-powered financial infrastructure.
The filing follows recent developments in JPMorgan’s blockchain division, Kinexys. It successfully tested a transaction involving tokenised US Treasuries (OUSG) via Ondo Finance, with Chainlink’s CRE facilitating asset movement.
Despite CEO Jamie Dimon’s ongoing scepticism toward Bitcoin, the bank appears to be adapting to the digital asset economy. Dimon stated he would allow clients to access Bitcoin, though JPMorgan would not provide custody services for the asset.
With BTC currently hovering around $107,000, the bank’s strategic branding and blockchain experimentation suggest a growing, if cautious, embrace of crypto services in traditional finance.
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Brazilian lawmaker Eros Biondini has introduced a draft bill aiming to eliminate cryptocurrency taxes, especially for those holding Bitcoin as a long-term store of value. The proposal seeks to repeal clauses in the tax code and a 2023 law that currently require income tax on crypto profits.
The bill will be reviewed by a committee in the Chamber of Deputies before potentially moving to the Senate and the President, who both hold veto powers.
Biondini argues that new taxes on financial transactions, including foreign exchange and insurance, are poorly timed amid economic fragility. He highlights that Brazil’s tax burden reached its highest in 15 years, amounting to 32.32% of GDP in 2024.
The lawmaker criticised the government for opposing crypto adoption, claiming that existing and proposed tax laws unfairly penalise people seeking safe, sovereign stores of value.
Previously, Biondini also pushed for formal recognition of Bitcoin as a strategic store of value in Brazil. His earlier proposal would exempt Bitcoin holders from tax and confirm their right to self-custody without intermediaries.
In November last year, he unveiled a plan to allocate up to 5% of Brazil’s $372 billion international reserve fund into Bitcoin, signalling a bold approach to national economic sovereignty.
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Bitcoin prices slumped on Monday evening as geopolitical tensions in the Middle East worsened. The drop followed Trump’s early G7 exit and reported return to Washington for an emergency White House meeting.
The crypto market reacted quickly to the heightened uncertainty. Bitcoin dropped by over $2,000, falling from an intraday high of $108,780 to around $106,421. Ethereum suffered a steeper decline of nearly 5 per cent, while other leading altcoins shed between 5 and 6 per cent.
According to CoinGlass, roughly $400 million in leveraged positions were liquidated, and overall crypto market capitalisation fell by around $80 billion.
The sell-off followed reports of escalating violence in the region. Embassies, including those of China and Russia, have urged their nationals to leave Israel immediately, citing worsening security conditions, civilian casualties and damage to infrastructure.
The Chinese embassy recommended departure via land borders, while Russia’s ambassador called for all citizens to leave without delay.
Cryptocurrency markets, already volatile since early May, remain highly sensitive to global political risks. Although Bitcoin is still trading above $100,000, further instability could prompt deeper losses if tensions continue to escalate.
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The Czech government faced pressure as Parliament debated a no-confidence motion over a scandal tied to a Bitcoin donation. The Justice Ministry sold a crypto donation worth nearly 1 billion koruna ($47 million), triggering outrage over the donor’s criminal record for drug offences.
Justice Minister Pavel Blazek resigned in May, stating he wanted to avoid further damage to the coalition. Prime Minister Petr Fiala accepted his resignation and praised him for acting responsibly.
Eva Decroix, also from the Civic Democratic Party, took over the post and announced an independent investigation into the ministry’s donation handling.
Opposition leaders, including Andrej Babis of the ANO movement, accused the government of possibly laundering money. The organised crime unit is investigating, but the origin and reason for the Bitcoin donation remain unclear.
The four-party coalition still holds a majority, making it unlikely that the no-confidence motion will succeed. However, the affair arrives just months before crucial elections in October, with polls predicting a win for Babis.
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Three prominent Japanese companies have recently increased their Bitcoin reserves, signalling growing institutional adoption in the country’s corporate sector. Remixpoint added 56.8 BTC, pushing its total holdings to over 1,000 Bitcoin.
The firm’s latest purchase, worth approximately $5.6 million, reflects a bullish outlook consistent with its earlier crypto investments.
Video game developer Gumi made a notable entry into the cryptocurrency market with a $6.3 million Bitcoin acquisition. The move forms part of a strategic effort to diversify its strong cash flow from gaming into digital assets.
Similarly, fashion company ANAP Holdings acquired 50.56 BTC as part of a plan to hold more than 1,000 Bitcoin by August 2025, drawing parallels to other major corporate crypto treasury strategies.
These purchases underscore Japan’s emerging role as a key player in the global crypto landscape. Factors such as a weakening yen, low real interest rates, and supportive regulatory frameworks have encouraged traditional firms to view Bitcoin as a valuable portfolio diversifier.
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Cryptocurrency remittances in Latin America have surged by over 40% in 2024, reflecting a rapid shift towards digital currencies in cross-border money transfers. Rising stablecoin use, a trusted dollar proxy, drives growth amid economic challenges and currency controls in the region.
Crypto ATMs, which eliminate intermediaries and provide physical points of access, have bolstered adoption. Countries such as Mexico, Puerto Rico, Panama, Colombia, and Argentina are leading this growth, supported by thousands of crypto ATM locations.
However, El Salvador has seen a drop in remittance volumes, partly due to the winding down of the government-backed Chivo Wallet and changes in the public sector’s bitcoin operations.
Despite regulatory resistance in some areas, including Brazil’s debate over stablecoin withdrawal restrictions, crypto remittances are expected to keep rising.
The convenience and cost advantages of cryptocurrency over traditional methods continue to attract users, pointing to further expansion in the coming years.
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Coinbase has raised concerns over the growing number of listed companies allocating significant funds to Bitcoin reserves. In its latest market outlook, the exchange warned that while the trend may appear bullish in the short term, it introduces potential systemic risks to the wider crypto sector.
Following changes to accounting standards last December, firms are now permitted to report unrealised gains from crypto assets. The shift has sparked a surge in demand, with 126 public companies currently holding over 819,000 BTC—valued at more than $87 billion.
Many of these companies have used debt financing, often via convertible bonds, to build their Bitcoin positions.
Coinbase cautioned that a downturn in Bitcoin’s price could trigger widespread selling, as companies attempt to repay creditors. Such a scenario could lead to market-wide liquidations and sharp instability, well before any actual defaults occur.
Despite this warning, Coinbase remains confident in Bitcoin’s long-term trajectory.
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Vietnam has officially legalised crypto assets as part of a landmark digital technology law passed by the National Assembly on 14 June. Set to take effect on 1 January 2026, the law creates a regulatory framework classifying digital assets as virtual or crypto assets.
Neither category includes securities or digital fiat currencies. The government will now develop specific business rules and oversight mechanisms while enforcing cybersecurity and anti-money laundering standards to meet international expectations.
The new law also highlights Vietnam’s ambition to become a leader in digital technology innovation. It offers extensive incentives for enterprises in artificial intelligence, semiconductor manufacturing, and digital infrastructure.
Vietnam’s authorities have recently taken action against significant crypto scams. In February 2025, police arrested four people behind a fraudulent mining platform, which defrauded over 200 victims.
In December 2024, Hanoi police stopped a scam involving the fake Quantum Financial System cryptocurrency, which had stolen over $1 million. These efforts demonstrate Vietnam’s commitment to protecting investors and strengthening the digital asset ecosystem.
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