June 6, 2025

The biggest crypto news and ideas of the day

Welcome to The Node! This is Ben Schiller to take you through the latest crypto news from CoinDesk's reporters.

Apple, X Among Those Reportedly Wanting In on Stablecoin Fever

The news comes amid yesterday's euphoric IPO for stablecoin issuer Circle, whose shares are higher by another 40% on Friday
Apple, Airbnb, and X are in early discussions with crypto firms about using stablecoins

Strategy to Raise Nearly $1B With STRD Preferred Stock Offering to Accumulate BTC

Strategy has priced its new preferred stock offering (STRD) which will provide long-term investors with a fixed 10% annual return
The firm will sell 11.76 million shares of STRD at $85 each, expecting to raise approximately $979.7 million after fees and expenses

UK Regulator FCA to Lift Ban on Crypto ETNs for Retail Investors

This means cETNs could be sold to individual consumers, rather than just professional investors
The notes must be traded on an FCA-approved investment exchange (a Recognized Investment Exchange or RIE).

Binance Exec Detained in Nigeria for Nearly a Year Departs Crypto Exchange

Tigran Gambaryan, an IRS investigator who joined the crypto exchange in 2021, was detained in Nigeria for eight months and later released
On his departure, “there’s a growing need for trusted, experienced operators, people who understand how to translate between technology, enforcement, and compliance”

Today's Op-Ed

Crypto’s Defining Policy Moment Is Here. We Must Seize It Together

BY SUMMER MERSINGER

Read full article here.

Stepping into my role as Blockchain Association CEO at a pivotal moment, I believe we have a unique chance to establish clear, innovation-friendly regulations for digital assets

I see an unusual alignment of factors – a pro-crypto administration, bipartisan momentum in Congress, recent court victories, and growing institutional adoption – creating this important window of opportunity

Our ability as a crypto ecosystem to speak with a unified voice will be the key to either seizing this moment or letting it slip away, and I'm committed to facilitating that unified voice

It is crucial that we prioritize collective progress and present sophisticated, unified positions to regulators, which is why I see the Blockchain Association's role as more critical than ever

Note: The views expressed in this column are those of the author and do not necessarily reflect those of CoinDesk, Inc. or its owners and affiliates.

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