Bitcoin and ether fall as tensions between Israel and Iran intensify: CNBC Crypto World

On today's episode of CNBC Crypto World, cryptocurrencies fall as tensions grow between Israel and Iran. Plus, Max Branzburg of Coinbase speaks to Crypto World from the State of Crypto Summit to break down the crypto exchange's new credit card in partnership with American Express.

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S&P 500-listed CEO Brian Armstrong warns of looming U.S. debt crisis

S&P 500-listed CEO Brian Armstrong warns of looming U.S. debt crisis originally appeared on TheStreet. Brian Armstrong, CEO of Coinbase, issued a dire warning about the state of the global economy this week, pointing to soaring debt, inflation, and declining economic freedom as the key drivers of rapidly increasing crypto adoption. In a post on X, Armstrong stated, "The world needs crypto, now more than ever," while posting a chart that U.S. federal debt surpassed $34 trillion. Armstrong characterized crypto as a means to regain financial sovereignty, giving individuals the ability to avoid centralized institutions and be able to access fast and cheap global payments. "Economic freedom means it's your money," he shared while referencing the growing demand for Bitcoin and stablecoins as an inflation hedge against out-of-control fiscal policy. His explanation of Coinbase's phased strategy is in three phases. It started as a crypto investment platform, expanded into financial services, and is evolving into an application layer for the next generation of internet tools. He continued explaining the growth of Bitcoin's all-time high and stablecoins, which are adopting more quickly as proof that crypto is "eating the financial services industry." Coinbase made four announcements at its 2025 State of Crypto Summit: Coinbase Business for startups; payment APIs for easy USDC settlements (with Shopify as a proof point), options trading via Deribit integration, and a new Coinbase card with an American Express partnership offering up to 4% Bitcoin rewards. "People are feeling a lack of trust in their money and deficit spending," Armstrong said. "Crypto is the solution—and Coinbase is leading the charge." He added that this movement is not just about price, but about "building a financial system from the ground up." S&P 500-listed CEO Brian Armstrong warns of looming U.S. debt crisis first appeared on TheStreet on Jun 20, 2025 This story was originally reported by TheStreet on Jun 20, 2025, where it first appeared.

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Circle Skyrockets 53% After Senate Passes Landmark Stablecoin Bill

Shares of Circle (CRCL, Financials) surged 53% this week after the U.S. Senate passed the GENIUS Act; the first major federal legislation to regulate stablecoins. The bill outlines full reserve requirements; monthly audits; and anti-money laundering rulesproviding long-awaited clarity to the $150 billion stablecoin market. The rally pushed Circle stock from $148 to $227; just weeks after its NYSE debut. Backed by rising momentum, Coinbase (COIN, Financials) also gained 20% since Wednesday. Circle CEO Jeremy Allaire called the bill's passage history in the making; praising it as a leap forward for U.S. competitiveness in digital finance. The GENIUS Act, now headed to the House, has been championed by President Donald Trumpwho's pushed crypto-friendly policies, ended enforcement actions, and even launched a national Bitcoin reserve. With Washington warming up to crypto, major tech firms like Meta, Google, Airbnb, and X are said to be exploring stablecoin integrationfueling speculation that mainstream adoption may not be far off. This article first appeared on GuruFocus. Sign in to access your portfolio

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Binance's CZ issues blunt wake-up call to not one — but two — planets

Binance's CZ issues blunt wake-up call to not one — but two — planets originally appeared on TheStreet. In the largest data breach ever, more than 16 billion login passwords recently got exposed. Reports indicate that cybercriminals likely used infostealing malware to steal usernames and passwords from social media, corporate platforms, VPNs, developer portals, etc. Alphabet's Google (Nasdaq: GOOG), Apple (Nasdaq: AAPL), Meta Platforms' Facebook (Nasdaq: META), GitHub, or Telegram — the cyberattack didn't spare either of these leading platforms. Binance co-founder and CEO Changpeng Zhao "CZ" sounded the alarm over the devastating data leak. "That's 2 passwords per person for the planet," CZ underlined how the number of compromised passwords is twice the earth's population. CZ advised everyone to preferably use a different email address and a different password for each site. He added: "And use a hardware 2FA device!" Binance is the world's largest crypto exchange by trading volume, and the industry is a frequent target of such data leaks. Join the conversation with Scott Melker on On May 11, Coinbase (Nasdaq: COIN), the largest crypto exchange in the U.S., revealed a data leak that affected 69,461 individuals. The leak exposed the names, addresses, and contact details of the affected users. The incident took place on Dec. 26, 2024, and the exchange got to know of it much later in May 2025. Data leaks are, however, somehow less worrisome than cyber heists on crypto exchanges because nothing is as devastating as losing funds. The on-chain analytics platform Chainalysis published a report on Jan. 15 as per which illicit addresses received $40.9 billion in stolen crypto assets in 2024. It estimated that the figure could even be as high as $51.3 billion. 2022 was the worst year for crypto users, as they lost more than $54 billion to bad actors, as per the report. Join the conversation with Scott Melker on For crypto users, safeguarding data and assets should be a strict and consistent habit. Users should religiously exercise all measures necessary to secure their data and funds. Several crypto users have found refuge in the security offered by industry-leading Ledger wallets as the cases of data leaks are on the rise. Binance's CZ issues blunt wake-up call to not one — but two — planets first appeared on TheStreet on Jun 20, 2025 This story was originally reported by TheStreet on Jun 20, 2025, where it first appeared. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data