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Daily Crypto News Flash - California to Confiscate Crypto?!

Welcome back to the daily crypto news flash brought to you by BSCN. I’m Jackie Dutton and here are today’s top stories for Thursday, June 5th, 2025

JPMorgan to accept Bitcoin ETFs as loan collateral starting with BlackRock
K Wave Media signs $500 million deal to expand Bitcoin treasury and Lightning Network
Ethereum Foundation sets spending cap and reserves for 2.5 years of expenses
California bill classifies inactive crypto as unclaimed property
Hong Kong plans to legalize Bitcoin and crypto derivatives trading
Chainlink Labs joins Global Synchronizer Foundation to build blockchain apps

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BSCN is your go-to destination for all things crypto and blockchain. Discover the latest cryptocurrency news, market analysis and research, covering Bitcoin, Ethereum, altcoins, memecoins, and everything in between.