Crypto and Blockchain Industry Sees Major Moves and Risks on June 10

The news from June 10th highlights several key developments in the cryptocurrency and blockchain industry. Coinbase reports that 60% of Fortune 500 companies are adopting blockchain technology, indicating broad corporate interest. A subsidiary of Societe Generale announced the launch of a MiCA-compliant stablecoin, reflecting growing regulatory compliance efforts in the fiat-pegged digital assets space. Meanwhile, hacking incidents continue, with cybercriminals breaching the Paraguayan president's X account to spread false information about Bitcoin's status, underscoring security concerns. The EMCD has initiated a $25,000 grant to support emerging blockchain projects, fostering innovation. Additionally, five individuals have pleaded guilty to crypto-related fraud involving over $36.9 million with American victims. These events illustrate active institutional engagement, regulatory developments, ongoing security challenges, and fraud risks in the crypto market.