South Korean lawmaker Min Byeong-deok has introduced a new bill called the Digital Asset Basic Act aiming to establish a clear framework for the crypto industry. This groundbreaking legislation includes a licensing system for stablecoin issuers and requires them to hold at least 500 million Korean won in owner’s capital. The bill reflects the ruling party’s commitment to building a thriving crypto environment and aligns with President Lee Jae-myung’s vision to support a Korean won-based stablecoin market.

The new proposal builds on the Virtual Asset Investor Protection Act which took effect in July 2024. While that law focused on investor safety this bill targets a broader structure for the issuance trading and regulation of digital assets. It also defines digital assets and calls for the creation of a presidential Digital Asset Committee to oversee the sector.

Other global powers including the United States Hong Kong and the EU have introduced similar stablecoin regulations. Min emphasized South Korea’s ambition to lead in the global digital asset economy.

Bloomberg

Today, the Head of Digital Assets of BlackRock Robert Mitchnick, at the Bloomberg ETF IQ, talked about what’s really driving the surge in Bitcoin ETFs.

“It’s a lot of things coming together. Out of the gate was retail and investor demand…” said Mitchnick. “Now, more recently, we’ve seen just steady progress of more wealth advisor adoption, more institutional adoption. It’s been a mix of people who it’s the first time that they’ve invested in anything in the crypto space. And then on the other hand, you have lots of people who’ve been invested in Bitcoin for a long time and they’re taking advantage of the ETP wrapper.”

JUST IN: $11.5 trillion…

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KULR Technology Group, Inc. (NYSE American: KULR) announced it has entered into a Controlled Equity Offering Sales Agreement with Cantor Fitzgerald & Co. and Craig-Hallum Capital Group LLC, enabling the company to sell up to $300 million of its common stock in an at-the-market (ATM) offering to support its Bitcoin treasury reserve.

Under the agreement, Cantor Fitzgerald will act as the sole sales agent, using commercially reasonable efforts to sell shares at market prices. The offering will be made under an existing shelf registration and may occur from time to time based on market conditions and company discretion.

As of June 6, 2025, KULR’s common stock was trading at…

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Belgravia Hartford Capital Inc. (CSE: BLGV) has entered the world of Bitcoin with its first acquisition as part of a strategic shift toward crypto treasury management. The company purchased 4.86 BTC for USD $500,000 at an average price of $102,848 per coin, using funds from a $5 million credit facility secured with Round13 Digital Asset Fund L.P.

CEO Mehdi Azodi said the timing of the purchase reflects confidence in Bitcoin and signals an active summer ahead for Belgravia and the broader crypto market. The company plans to monitor both its holdings and credit facility closely as part of its long-term digital asset approach.

Belgravia also announced a CAD $44.1 million non-capital tax loss following its 2023 filing, which can be used over the next 20 years. The firm is now working with legal and financial advisors to explore options to turn this tax asset into liquidity, supporting its Bitcoin strategy and strengthening the company’s balance sheet.

Source

BlackRock’s iShares Bitcoin Trust (IBIT) has officially made history. The Bitcoin ETF surged past $70 billion in assets under management (AUM), reaching the milestone in just 341 trading days. This achievement makes IBIT the fastest ETF to ever hit that threshold. 

To put that into perspective, the previous record-holder—SPDR Gold Shares (GLD)—took 1,691 days to reach the same milestone. “5x faster than the old record held by GLD of 1,691 days,” Bloomberg ETF analyst Eric Balchunas wrote in a post on X. Other ETFs like VOO (1,701 days), IEFA (1,773 days), and IEMG (2,063 days) also lag far behind IBIT’s rapid growth.

The explosive rise in IBIT’s AUM coincides…

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Since 2021, Mayor Eric Adams has been talking about how he’s going to make New York City the center of the crypto industry, though this hasn’t materialized. (Some Bitcoin and crypto companies are based here, but this has little to do with Adams’ efforts — or lack thereof.)

So, when I heard the mayor propose issuing BitBonds in New York City at Bitcoin 2025, I was far from convinced that this would actually happen.

And then when I read a statement from NYC Comptroller Brad Lander on the topic, it became even more clear to me that Adams was merely posturing when it came to BitBonds.

“New York City will not be issuing any bitcoin-backed bonds on my watch,” said…

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BitMine Immersion Technologies, Inc., a Bitcoin focused technology company, has taken its first step into treasury accumulation with the open market purchase of 100 Bitcoin. The acquisition marks the launch of BitMine’s formal Bitcoin Treasury business.

The 100 BTC were purchased using funds raised through BitMine’s recent public stock offering, which closed on June 6, 2025. The offering raised $18 million through the sale of 2,250,000 shares at $8.00 per share.

“We are excited to make our first open market purchase of Bitcoin, and expect to make more Bitcoin purchases moving forward,” said Jonathan Bates, Chairman and CEO of BitMine.

BitMine’s Treasury…

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KULR Technology Group has increased its Bitcoin holdings by acquiring 118.6 BTC for approximately $13 million, at an average price of $107,861 per bitcoin. This bold move reinforces the company’s growing confidence in digital assets, especially as the crypto market gains momentum in 2025.

As of June 5, 2025, KULR holds a total of 920 BTC, purchased for around $91 million, with an average acquisition cost of $98,760 per bitcoin. The accumulation signals a strategic investment approach as the company continues to leverage Bitcoin as part of its financial strategy.

KULR has achieved an impressive 260% year-to-date yield from its Bitcoin holdings. This strong performance highlights the potential of cryptocurrency in generating significant returns and reflects the rising trend of crypto adoption among forward-thinking tech companies.