Latest news
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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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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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Ripple invests in Flutterwave to expand RLUSD across Africa
Ripple has invested in African payments company Flutterwave and secured preliminary regulatory approval in Luxembourg, combining infrastructure for stablecoin adoption across sub-Saharan Africa and the European Economic Area, though launch timelines and volume projections remain undisclosed.
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MicroStrategy's $9.4B Bitcoin Drawdown Tests Preferred-Funded Capital Stack
Strategy Inc., the Bitcoin-treasury company formerly known as MicroStrategy, is underwater by $9.4 billion as its core holdings fall below the accumulation breakeven. Its preferred-funded capital stack now faces its first deep drawdown test.
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Clarity Act navigates final hurdles as Senate eyes July vote
The Digital Asset Market Clarity Act faces tough negotiations on ethics, DeFi liability, and stablecoin yield as crypto industry groups mobilize lawmakers this week, hoping for a Senate floor vote by mid-July.
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STRC Slump Revives Terra Comparisons That Don't Hold Up, Analyst Says
Strategy's preferred stock STRC hit record lows near $82.53 this week, prompting UST stablecoin comparisons. Benchmark analyst Mark Palmer argues the analogy breaks down: STRC is a dividend-paying share backed by bitcoin, not an algorithmic peg waiting to collapse.
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Carstens Backs Stablecoin-Fiat Coexistence, Calls for Global Regulation
Agustín Carstens, the former general manager of the Bank for International Settlements, said stablecoins can enhance financial inclusion and innovation, reversing his earlier skepticism and calling for regulatory frameworks that enable them to coexist with traditional fiat money.
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EU Parliament approves digital euro legal framework ahead of 2030 launch
The European Parliament's ECON Committee approved a proposal advancing the EU's digital euro plans, clearing the path for final legislative negotiations and alignment with the ECB's pre-2030 launch objective.
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Virtus Minerals secures US backing for DRC cobalt and copper mines
Virtus Minerals acquired two major cobalt and copper mines in the Democratic Republic of the Congo with over $700 million in total investment commitments, marking the first significant US minerals acquisition in the DRC since the Washington Accord was established in December 2025. The deal aims to diversify global cobalt supply and reduce China's dominance.
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Ripple wins MiCA approval from Luxembourg, eyes EU expansion
Ripple received preliminary approval for a Crypto Asset Service Provider license under the EU's MiCA regulation, clearing the path to offer stablecoin payment systems across Europe.
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Hut 8 settles investor lawsuit over U.S. Bitcoin merger for $2.35M
Hut 8 agreed to pay $2.35 million to settle a securities class action lawsuit alleging the company misled investors regarding its 2023 merger with U.S. Bitcoin Corp. The company denies wrongdoing.
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Bitcoin Standard Treasury plans $1.5B Bitcoin buy, targeting 53,500 total holdings
JAN3 CEO Samson Mow announced that Bitcoin Standard Treasury could deploy up to $1.5 billion to acquire approximately 23,500 BTC, pending shareholder approval on June 26. If executed, BSTR would become the second-largest public Bitcoin treasury holder after MicroStrategy.
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Five Ethereum Foundation researchers launch Ethlabs independent R&D lab
Five former senior Ethereum Foundation researchers announced Ethlabs, an independent nonprofit R&D lab, on June 22, highlighting a widening gap between the Foundation's narrowing mandate and the network's funding needs. The move reflects mounting pressure over who steers Ethereum's future.
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India's FIU demands OTC crypto trade records above $10,000
India's Financial Intelligence Unit has requested records of over-the-counter crypto transactions exceeding $10,000 from major exchanges, targeting institutional desks and high-net-worth individuals in a bid to tighten anti-money-laundering oversight.
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Ripple Wins CASP License in Luxembourg Under EU MiCA
Ripple received preliminary approval for a Crypto Asset Service Provider (CASP) license from Luxembourg's financial regulator, enabling the company to offer regulated crypto and stablecoin services across the European Economic Area under MiCA once final conditions are met.
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Tuchel blasts FIFA's mandatory hydration breaks at 2026 World Cup
Thomas Tuchel criticized FIFA's mandatory hydration breaks at the 2026 World Cup on June 22, arguing the stoppages fragment matches and strip football of its essential rhythm by effectively splitting play into four quarters.
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Cboe considers Bitcoin, Ether perpetual futures conversion
Cboe Global Markets is considering converting its Bitcoin and Ether continuous futures contracts into perpetual futures, a move that could shift significant trading volume onshore from offshore venues like Binance and Bybit.
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SpaceX perpetual futures hit $812M, sixth-largest globally
SpaceX perpetual futures have grown to $812 million in notional open interest, ranking sixth worldwide. Hyperliquid and Binance control 77% of total positioning, with the DEX holding $333.2 million and the centralized exchange holding $291.33 million.
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SpaceX loses $600B in 3 days, erasing half of bitcoin's market cap
SpaceX shed $600 billion in market value over three trading days after announcing its first bond sale, erasing nearly half of bitcoin's $1.3 trillion market cap. Bitcoin fell less than 1% over the same stretch, underscoring the volatility gap between the newly public megastock and crypto's flagship asset.
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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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Bitcoin falls to $63,640 as tech selloff drags crypto lower
Bitcoin fell 0.9% to $63,640 on Tuesday as a rotation out of technology and chip stocks sank global equities, with South Korea's Kospi plunging 6% and crypto falling in tandem.
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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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Japan's Bond Yields Hit Multi-Decade Highs as BOJ Normalizes Policy
Japan's 2-year and 5-year bond yields have climbed to 1.41% and 1.915% respectively, signaling the end of the Bank of Japan's ultra-accommodative era. The shift could redirect Japanese capital flows and reshape global asset valuations.
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Meta halts employee data collection program after security incident
Meta suspended its Model Capability Initiative on June 22 after a security incident exposed employee behavioral data to broader internal access than intended, reigniting debate over AI training data sourcing and workplace privacy.