Business & Technology
Business and technology in crypto means the companies, infrastructure, and product moves that aren't pure protocol news. LeoDex News covers exchange business (earnings, executive moves, IPOs, geographic expansion), mining stocks (RIOT, MARA, IREN, CleanSpark), Layer-1 infrastructure providers, partnerships and acquisitions, gaming and NFT platforms with real users, and the wider Web3 product landscape.
We track the strategic moves: which exchange is winning institutional flow, which custodian is taking share, which infra provider quietly powers a category, which product launches are real and which are vapor. Skip the press-release noise — read what's actually shipping and who's actually using it.
Latest in Business & Technology
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Zcash Founder Wilcox-O'Hearn Criticizes Coinbase Gambling Features
Zcash founder Zooko Wilcox-O'Hearn publicly criticized Coinbase on Saturday for aggressively promoting gambling-like features to vulnerable users, sparking a debate with CEO Brian Armstrong over user protection and libertarian principles in crypto.
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Messi's World Cup presence drives fan token volatility amid crypto speculation
Lionel Messi's continued participation in the 2026 FIFA World Cup, combined with his ambassador roles at Socios.com and Sorare, has intensified trading activity in fan tokens and digital collectibles. The highly speculative assets remain vulnerable to sharp drawdowns tied to tournament results or player performance.
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De Bruyne's World Cup Goal Highlights Crypto's Grip on Sports Stars
Kevin De Bruyne scored in Belgium's 3-0 World Cup victory over New Zealand, but his deeper ties to crypto—from Phemex ambassador deals to NFT cards and meme tokens—reveal how digital assets now intersect with elite athletics, though market reaction was muted.
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Binance suspends EU services after missing MiCA license deadline
Binance notified European Union users it will suspend services and stop accepting new registrations because it failed to obtain a MiCA license by the July 1 regulatory deadline. The exchange withdrew its Greece application and plans to seek authorization in France instead.
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Mbappe and Haaland Trigger Crypto Market Swings at 2026 World Cup
Kylian Mbappe and Erling Haaland's 2026 World Cup performances are triggering real-time volatility in fan tokens, player NFTs, and unauthorized meme coins. Chiliz rose 28% during early tournament play, while Mbappe-linked Solana tokens spike after each goal.
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Netherlands beats Tunisia 3-1; crypto prediction markets surge on World Cup
The Netherlands' 3-1 victory over Tunisia drew significant crypto trading activity, with prediction markets and blockchain-backed fan tokens capitalizing on World Cup momentum. Kraken's FIFA sponsorship and Chiliz's token rally underscore crypto's growing role in sports, though volatility poses long-term risks.
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Domyn plans 400B open-source AI model for European regulated sectors
Domyn, a Milan-based AI company formerly known as iGenius, plans to release a 400-billion-parameter open-source model within a year, backed by NVIDIA hardware and targeting European financial services, government, and defense institutions seeking alternatives to US proprietary platforms.
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SBI Holdings acquires Bitbank for $289M, creating Japan's largest crypto exchange
SBI Holdings announced Thursday it will acquire Tokyo-based crypto exchange Bitbank for roughly $289 million, pending regulatory approval. The combined firm would hold $6.8 billion in assets under custody and serve 2.92 million accounts.
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Haiti's World Cup return shows crypto's limits in sports fan engagement
Haiti qualified for the 2026 FIFA World Cup on November 18, 2025, ending a 52-year absence and scoring in its first match. Yet the national federation launched no official crypto project or fan tokens, highlighting the gap between emotional fan narratives and sustainable blockchain-based economies.
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Binance restricts EU services July 1 after failing to secure MiCA authorization
Binance will halt onboarding of new EU users and limit certain services starting July 1 under MiCA rules after failing to gain authorization from a member state. Existing users can withdraw assets and manage positions.
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Thailand issues arrest warrants for Chinese businessman in $300M crypto mining fraud
Thai authorities have issued arrest warrants for eight suspects, including Chinese businessman Wang Yicheng, tied to an illegal crypto mining network allegedly laundering approximately $300 million annually through online scams and gambling operations.
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FIFA 2026 World Cup: Kraken, Avalanche, Chainlink secure official crypto partnerships
Kraken, Avalanche, and Chainlink have secured official FIFA partnerships ahead of the 2026 World Cup, marking crypto's deepest integration into a major sporting event. The expansion to 48 teams across North America could drive mainstream adoption, but fan token volatility and regulatory headwinds pose risks.
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Tokenized SpaceX shares collapse as platforms fail to secure assets
Crypto platforms including Binance Wallet and Bybit promoted tokenized SpaceX shares that drew over $1 billion in demand, but withdrew offerings after being unable to obtain the necessary underlying shares to back the tokens, triggering refunds to investors.
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Momenta Global tests Hong Kong IPO appetite this week at $9B valuation
Chinese autonomous-driving startup Momenta is gauging investor interest for a Hong Kong listing targeting roughly $1 billion in proceeds at a $9 billion valuation, following regulatory approval from China's CSRC on June 10.
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Ubisoft Co-Founder Claude Guillemot Dies in Plane Crash at 69
Claude Guillemot, co-founder and executive vice-president of Ubisoft, died in a plane crash near La Baule, France on June 19. He was 69. A twin-engine Cessna 421 crashed during approach, killing Guillemot and a flight instructor.
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Bitcoin Trading Below $78K Mining Cost, Squeezing Operators
Bitcoin has spent five consecutive months trading below its estimated production cost of $78,000, forcing about 20% of miners into unprofitability and prompting publicly traded operators to sell over 32,000 bitcoin in the first quarter alone.
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Standard Nuclear files for US IPO as AI power demand surges
Standard Nuclear, a TRISO fuel specialist spun from Ultra Safe Nuclear's bankruptcy, is pursuing a US IPO after closing a $140 million Series A in January 2026. The company faces a patent dispute with competitor X-energy that could impact its manufacturing capabilities.
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Kraken becomes FIFA's first official crypto exchange at 2026 World Cup
Kraken became FIFA's Official Crypto Exchange Supporter ahead of the 2026 World Cup, which features blockchain-powered ticketing on Avalanche and fan tokens on Chiliz—signaling mainstream adoption of crypto infrastructure in global sports.
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SpaceX IPO surges 19% on $85B debut; $1.3B Bitcoin position reshapes crypto
SpaceX's $85 billion IPO debut sparked a 19% first-day rally before cooling 3%, but the real story is its $1.3 billion Bitcoin holdings—making it one of the largest corporate crypto holders now trading publicly and potentially amplifying digital-asset volatility.
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HIVE shares jump 10% on $220M Canada sovereign AI infrastructure deal
HIVE Digital Technologies announced a three-year, $220 million GPU cloud contract with Bell Canada and Cohere to deploy Nvidia Grace Blackwell processors at a facility in British Columbia, supporting Canadian government and corporate AI clients while adding roughly $70 million in annual recurring revenue.
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CME sues CFTC over Bitcoin perpetual futures approval
CME Group plans legal action against the CFTC over its decision to approve crypto perpetual futures, arguing the products are swaps under Dodd-Frank and should face stricter oversight. Outgoing CEO Terry Duffy announced the lawsuit Wednesday.
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SBI Remit and Fasset Partner on Stablecoin Remittance Network
SBI Remit and Fasset announced a partnership to build stablecoin-powered payment infrastructure for cross-border remittances and financial services, combining SBI Remit's distribution reach with Fasset's 50+ banking corridors.
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2026 World Cup Mexico ticket prices lock out fans as NFT solutions fail
Ticket prices for the 2026 FIFA World Cup in Mexico range from $140 to over $8,680, prompting President Claudia Sheinbaum to call on FIFA to reconsider. Blockchain-based solutions including NFTs and fan tokens have failed to bridge the affordability gap.
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DP World seeks return to US ports after 20-year absence
DP World, the Dubai-based port operator, is negotiating an exclusive lease at Port of Corpus Christi in Texas—its first major US terminal push since Congress forced a 2006 divestment over national security concerns. The deal remains in early stages.