BitVault Raises $2M from GSR, Gemini, and Auros to Launch BTC-Backed Money

Berlin, Germany, June 18th, 2025, Chainwire BitVault, a DeFi protocol aiming to redefine Bitcoin’s role in stablecoin infrastructure, has announced the close of a $2 million pre-seed round. Strategic investors include GSR, Gemini, Auros, and Keyrock, among others—joining BitVault in building what it calls the “next era of BTC-backed money”: an institutionally-aligned alternative to fiat-pegged…

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Iran’s largest crypto exchange suffers $48 million hack; Here’s what happened

Iran’s largest cryptocurrency exchange, Nobitex, has suffered a major security breach, resulting in the loss of approximately $48.65 million in USDT on the Tron network. The incident was initially revealed by on-chain cryptocurrency investigator ZachXBT, who flagged suspicious activity involving several wallets associated with Nobitex.  Suspicious Nobitex transactions. Source: ZachXBT According to his analysis, the…

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What happens when the richest people and the most powerful politicians fight each other? What impact will it have on the crypto market?

The world is finding out the truth—and it’s not a pretty picture. Donald Trump and Elon Musk, each with the most influence, are now turning on each other, and their disagreement has escalated into a war of words. Stocks fell on Thursday as investors digested the latest developments on trade and major economic reports, while…

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