Topic: #markets
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Metaplanet expands bitcoin treasury to 43,000 BTC with $170.7M purchase
Japanese firm Metaplanet purchased 2,823 BTC for $170.7 million, bringing its total bitcoin holdings to 43,000 BTC ($2.6 billion) and cementing its position as the world's third largest publicly traded bitcoin holder, behind MicroStrategy and Twenty One Capital.
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Cantor Fitzgerald: Bitcoin bear cycle nearing bottom in late October
Cantor Fitzgerald analysts believe cryptocurrency markets are in the final stage of the current downturn, with a potential market bottom around late October based on historical cycle patterns. The bank recommended investors focus on networks with durable value accrual rather than speculative activity.
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Ark Invest deploys $75M in crypto equities as June market crashes
Ark Invest purchased over $75 million in shares of Coinbase, Circle Internet, and Bullish during June's market downturn, when Bitcoin posted its worst month in four years and crypto stocks tumbled.
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Nasdaq brings TotalView market data to Pyth blockchain marketplace
Nasdaq announced Tuesday it will distribute its TotalView depth-of-book data through the Pyth Data Marketplace, expanding access to institutional market data as financial firms build blockchain-based trading applications.
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Bitcoin and Ethereum ETFs see $261M outflows in eight-day withdrawal streak
US spot Bitcoin ETFs lost $231 million and Ethereum products shed $30 million on June 29, extending a streak of net withdrawals to eight consecutive days. June 2026 is tracking toward over $4 billion in monthly outflows, the largest since these products launched in January 2024.
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South Korea's $518B AI chip push widens crypto's capital deficit
Samsung and SK Hynix are accelerating a $518 billion chip-plant buildout by a decade to meet AI memory demand, signaling that the AI capital cycle continues to draw investment away from crypto.
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Japan's prediction markets use loyalty points to sidestep gambling laws
Japanese startups are building prediction markets using redeemable points instead of cryptocurrency to comply with local gambling laws, positioning themselves as alternatives to Polymarket while Polymarket itself targets government authorization by 2030.
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American Express hires VP for stablecoin and blockchain partnerships
American Express posted a job listing for a Vice President of Stablecoin and Blockchain Partnerships within its Digital Labs division, signaling the credit card giant's formal push into blockchain payments and stablecoin infrastructure alongside Visa and Mastercard.
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HIP-4 hits $24.77M open interest record on World Cup prediction surge
HIP-4, Hyperliquid's binary prediction market, reached an all-time high of $24.77M in open interest as World Cup wagering dominated trading activity. Sports markets now account for 99% of all live open interest on the platform, with the World Cup champion market alone driving $9.63M in weekly volume.
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BIP-110 faces miner rejection with only 0.31% hashrate support
BIP-110, a proposal to restrict data-heavy protocols like Ordinals on Bitcoin, has secured only 0.31% of hashrate support as of late June 2026, far below the 55% threshold needed for early lock-in before its August signaling phase begins.
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Bitcoin Falls Below $60K, Faces Rare Back-to-Back Quarterly Loss
Bitcoin dipped below $60,000 on Sunday and is on track to finish the second quarter down roughly 12%, extending a losing streak that's occurred only twice in the asset's history.
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Dogecoin and HYPE tumble as Wall Street rotation bypasses crypto
Dogecoin and Hyperliquid's HYPE token led weekly crypto losses as Wall Street rotated out of chipmakers into broader equities. Bitcoin ETF outflows, a hawkish Fed, and a strong dollar weighed on digital assets, leaving crypto behind the broader market rally.
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Bitcoin and Ethereum plunge amid tech selloff, hit 2025 lows
Bitcoin fell to $58,000 during a tech sector rout that saw the Nasdaq drop 2% and semiconductors crater 8%. Crypto's tight correlation with equities—driven by institutional adoption—left digital assets vulnerable to the same risk-off sentiment hammering growth stocks.
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Solana Mobile dApp Store hits 1,561 listings with 96 apps added in one week
Solana Mobile's dApp Store added 96 new applications in a single week, reaching 1,561 total listings. The platform charges developers zero fees, undercutting Apple and Google's 30% and 15-30% commissions respectively.
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CFTC proposes futures-based reporting framework for event contracts
The CFTC published a proposed rule on June 25 that would shift fully collateralized event contracts from swap reporting to futures-based compliance, ending 9 years of temporary regulatory relief and signaling a comprehensive overhaul of the event contract space.
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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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Bitcoin drops below $60K on Fed hawkishness and ETF outflows
Bitcoin fell to its lowest level since late 2024 on June 5, pressured by hawkish Federal Reserve expectations, sustained outflows from U.S. spot bitcoin ETFs, and investor capital rotating into artificial intelligence infrastructure spending.
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Taiwan Margin Debt Hits 24-Year High on TSMC AI Rally
Margin borrowing in Taiwan has surpassed $13 billion and reached levels unseen since the dot-com era, driven by retail investors betting on TSMC and AI stocks. Brokerages are tightening lending standards as risks mount.
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Synthetix governance votes to retire sUSD, compensate holders with SNX
Synthetix governance proposed retiring sUSD stablecoin and compensating holders with newly minted SNX tokens at a 4:1 conversion rate, marking a strategic shift toward perpetual futures trading.
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TurboFlow raises $6M seed from Pantera for APAC trading platform
TurboFlow closed a $6 million seed round led by Pantera Capital to build a combined prediction markets and perpetual futures platform targeting the Asia-Pacific region, featuring up to 1,000x leverage and zero-fee trading on a custom Layer-1 blockchain.
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Russia sells Yuzhuralzoloto stake for $1.3B after three failed auctions
Russia sold a 67.2% controlling stake in Yuzhuralzoloto to Moscow-based BTS-Most Holding for 93 billion rubles ($1.3 billion) on June 19, after three prior auctions in May and June drew no qualified bidders. The final price was 43% below the initial asking price of $2.2 billion.
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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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State AGs Challenge CFTC Authority Over Prediction Markets
State attorneys general argue prediction markets function as gambling, not commodities, and should fall under state gambling laws rather than federal CFTC oversight. Minnesota sued by CFTC after banning prediction market operations.
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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.