Rubio: US and Iran to continue technical consultations at the end of this month
Multiple foreign media outlets reported on the 24th that US Secretary of State Rubio said technical teams from the United States and Iran will hold further talks in Switzerland by the end of June. (Xinhua News Agency)
4 hours ago
Over the past 24 hours, total crypto market liquidations hit $606 million, with more than 130,000 traders liquidated.
According to Coinglass data, the global cryptocurrency market recorded $606 million in liquidations over the past 24 hours, including $542 million in long-position liquidations and $68.22 million in short-position liquidations. A total of 135,785 traders worldwide were liquidated in the same period, with the largest single liquidation order occurring on Binance’s BTCUSDT trading pair, valued at $12.0111 million.
4 hours ago
Bitcoin falls below $60,000
According to HTX market data, Bitcoin has fallen below $60,000, with a 4.3% drop in the past 24 hours.
4 hours ago
US Treasury Secretary: AI boom may boost productivity and help curb inflation.
US Treasury Secretary Bessent told CNBC in an interview that he hopes the Federal Reserve will remain "open-minded" about the inflation pattern after the reversal of Iran-related energy price hikes. Bessent noted that the U.S. could enter an economic environment marked by high GDP growth without a corresponding rise in traditional inflation. He cited that in the 1990s, Alan Greenspan foresaw that office modernization and the internet could drive non-inflationary growth, and allowed the economy to keep expanding. Bessent believes the U.S. has a strong chance of seeing a similar scenario again. When asked whether the Fed still needs to worry about potential inflation and whether interest rate cuts are possible this year or next, Bessent declined to comment. However, he argued that it is necessary to stay open-minded about the price or inflation impacts from the Iran conflict, and monitor inflation performance after those effects subside. Bessent also said an open mind is needed, as the AI boom could boost productivity and deliver disinflationary effects, helping inflation return to the Fed’s target level. He added that he believes Kevin Warsh will choose the optimal path that meets both the Fed’s inflation and growth mandates. Bessent also noted that Warsh previously took a hawkish stance on inflation.
4 hours ago
US stocks' intraday storage sector sees broad declines, with Western Digital and Seagate Technology both falling over 4%.
According to Bitget data, during U.S. stock trading hours, the storage sector saw broad declines: Western Digital (WDC) fell 4.47%, Seagate Technology (STX) dropped 4.17%, SanDisk (SNDK) declined 2.31%, and Micron Technology (MU) edged down 0.96%. Most optical communication concept stocks rose, with Corning (GLW) leading the gains at 9.75%, followed by Ciena (CIEN) up 3.24%, Coherent (COHR) rising 2.93%, Lumentum (LITE) gaining 2.61%, and Nokia (NOK) advancing 1.82%. Additionally, Marvell Technology (MRVL) fell 2.59% and Applied Optoelectronics (AAOI) declined 1.90%.
4 hours ago
During intraday trading in U.S. stocks, crypto-related concept stocks fell broadly, with MSTR dropping more than 7%.
According to Bitget market data, the three major U.S. stock indexes rose broadly: the Dow Jones Industrial Average gained 0.94%, the S&P 500 increased 0.60%, and the Nasdaq rose 0.63%. Crypto-related stocks fell across the board, with declines as follows: Strategy (MSTR) down 7.33%; Circle (CRCL) down 4.35%; Bitmine (BMNR) down 3.97%; Coinbase (COIN) down 3.73%; Robinhood (HOOD) down 3.70%; Gemini (GEMI) down 3.27%; Bullish (BLSH) down 3.25%; Sharplink (SBET) down 3.19%.
Large holders of Hyperliquid's native token $HYPE are pulling significant sums off major custodians, with on-chain data pointing to a fresh wave of accumulation as the asset hovers near its all-time high.
Two Major Withdrawals Flagged by LookonchainAccording to on-chain analytics platform Lookonchain, a newly created wallet withdrew 278,827 $HYPE, worth approximately $17.45 million, from Coinbase Prime. The move is consistent with a broader pattern of large holders moving tokens out of institutional custody. Coinbase Prime is used almost exclusively by institutional buyers such as hedge funds, asset managers, and corporate treasuries who are moving assets off-exchange for long-term holding.
A second wallet also came back to life after a month of dormancy, pulling 96,930 $HYPE worth around $6.01 million from BitGo, a regulated digital asset custodian. Moving assets from an exchange to a custody solution is a classic behavioral indicator in crypto markets, with analysts generally interpreting such moves as a shift from active trading to secure, long-term storage.
Part of a Broader Accumulation TrendThese are not isolated events. Following a massive 96% rally in May, $HYPE's price consolidated while attracting aggressive whale accumulation, with data showing whale wallets withdrawing millions of HYPE tokens as the price remained stable above $70, signalling strong conviction among large investors.
Over one week, a single wallet moved a total of 1.14 million $HYPE, valued at roughly $79.22 million, off exchanges and deposited the tokens into Hyperliquid for staking. Additionally, Hyperliquid broke into the top 10 crypto assets by market capitalisation, becoming the first DeFi protocol since Uniswap in 2021 to achieve the milestone.
Hyperliquid has emerged as the leading venue for perpetuals trading in decentralised finance, with its native $HYPE token carrying a market capitalisation above $15 billion, making it the tenth-largest crypto asset globally.
The accumulation activity comes as spot $HYPE exchange-traded funds gain traction in the United States. Spot Hyperliquid ETFs have gathered $221 million in net assets since their May 2026 launch, with the products pulling in roughly $50 million so far in June, outpacing XRP ETFs' $24 million over the same period.
Movement off an exchange or custodian usually reduces immediate sell pressure, a dynamic that market participants are watching closely as $HYPE trades below its all-time high of $76.67, reached on 16 June 2026.
This article is for informational purposes only and does not constitute investment advice.
Sources:
Bitcoin.com News: Spot HYPE ETFs Log Strongest Crypto Debut on Record
CoinPedia: Whales Accumulate Millions in HYPE as Hyperliquid Defies Market Volatility
CryptoPotato: Lookonchain Flags $2M HYPE Buy Linked to Arthur Hayes
Rubio: US and Iran to continue technical consultations at the end of this month
Multiple foreign media outlets reported on the 24th that US Secretary of State Rubio said technical teams from the United States and Iran will hold further talks in Switzerland by the end of June. (Xinhua News Agency)
4 hours ago
Over the past 24 hours, total crypto market liquidations hit $606 million, with more than 130,000 traders liquidated.
According to Coinglass data, the global cryptocurrency market recorded $606 million in liquidations over the past 24 hours, including $542 million in long-position liquidations and $68.22 million in short-position liquidations. A total of 135,785 traders worldwide were liquidated in the same period, with the largest single liquidation order occurring on Binance’s BTCUSDT trading pair, valued at $12.0111 million.
4 hours ago
Bitcoin falls below $60,000
According to HTX market data, Bitcoin has fallen below $60,000, with a 4.3% drop in the past 24 hours.
4 hours ago
US Treasury Secretary: AI boom may boost productivity and help curb inflation.
US Treasury Secretary Bessent told CNBC in an interview that he hopes the Federal Reserve will remain "open-minded" about the inflation pattern after the reversal of Iran-related energy price hikes. Bessent noted that the U.S. could enter an economic environment marked by high GDP growth without a corresponding rise in traditional inflation. He cited that in the 1990s, Alan Greenspan foresaw that office modernization and the internet could drive non-inflationary growth, and allowed the economy to keep expanding. Bessent believes the U.S. has a strong chance of seeing a similar scenario again. When asked whether the Fed still needs to worry about potential inflation and whether interest rate cuts are possible this year or next, Bessent declined to comment. However, he argued that it is necessary to stay open-minded about the price or inflation impacts from the Iran conflict, and monitor inflation performance after those effects subside. Bessent also said an open mind is needed, as the AI boom could boost productivity and deliver disinflationary effects, helping inflation return to the Fed’s target level. He added that he believes Kevin Warsh will choose the optimal path that meets both the Fed’s inflation and growth mandates. Bessent also noted that Warsh previously took a hawkish stance on inflation.
4 hours ago
US stocks' intraday storage sector sees broad declines, with Western Digital and Seagate Technology both falling over 4%.
According to Bitget data, during U.S. stock trading hours, the storage sector saw broad declines: Western Digital (WDC) fell 4.47%, Seagate Technology (STX) dropped 4.17%, SanDisk (SNDK) declined 2.31%, and Micron Technology (MU) edged down 0.96%. Most optical communication concept stocks rose, with Corning (GLW) leading the gains at 9.75%, followed by Ciena (CIEN) up 3.24%, Coherent (COHR) rising 2.93%, Lumentum (LITE) gaining 2.61%, and Nokia (NOK) advancing 1.82%. Additionally, Marvell Technology (MRVL) fell 2.59% and Applied Optoelectronics (AAOI) declined 1.90%.
4 hours ago
During intraday trading in U.S. stocks, crypto-related concept stocks fell broadly, with MSTR dropping more than 7%.
According to Bitget market data, the three major U.S. stock indexes rose broadly: the Dow Jones Industrial Average gained 0.94%, the S&P 500 increased 0.60%, and the Nasdaq rose 0.63%. Crypto-related stocks fell across the board, with declines as follows: Strategy (MSTR) down 7.33%; Circle (CRCL) down 4.35%; Bitmine (BMNR) down 3.97%; Coinbase (COIN) down 3.73%; Robinhood (HOOD) down 3.70%; Gemini (GEMI) down 3.27%; Bullish (BLSH) down 3.25%; Sharplink (SBET) down 3.19%.
Rubio: US and Iran to continue technical consultations at the end of this month
Multiple foreign media outlets reported on the 24th that US Secretary of State Rubio said technical teams from the United States and Iran will hold further talks in Switzerland by the end of June. (Xinhua News Agency)
4 hours ago
Over the past 24 hours, total crypto market liquidations hit $606 million, with more than 130,000 traders liquidated.
According to Coinglass data, the global cryptocurrency market recorded $606 million in liquidations over the past 24 hours, including $542 million in long-position liquidations and $68.22 million in short-position liquidations. A total of 135,785 traders worldwide were liquidated in the same period, with the largest single liquidation order occurring on Binance’s BTCUSDT trading pair, valued at $12.0111 million.
4 hours ago
Bitcoin falls below $60,000
According to HTX market data, Bitcoin has fallen below $60,000, with a 4.3% drop in the past 24 hours.
4 hours ago
US Treasury Secretary: AI boom may boost productivity and help curb inflation.
US Treasury Secretary Bessent told CNBC in an interview that he hopes the Federal Reserve will remain "open-minded" about the inflation pattern after the reversal of Iran-related energy price hikes. Bessent noted that the U.S. could enter an economic environment marked by high GDP growth without a corresponding rise in traditional inflation. He cited that in the 1990s, Alan Greenspan foresaw that office modernization and the internet could drive non-inflationary growth, and allowed the economy to keep expanding. Bessent believes the U.S. has a strong chance of seeing a similar scenario again. When asked whether the Fed still needs to worry about potential inflation and whether interest rate cuts are possible this year or next, Bessent declined to comment. However, he argued that it is necessary to stay open-minded about the price or inflation impacts from the Iran conflict, and monitor inflation performance after those effects subside. Bessent also said an open mind is needed, as the AI boom could boost productivity and deliver disinflationary effects, helping inflation return to the Fed’s target level. He added that he believes Kevin Warsh will choose the optimal path that meets both the Fed’s inflation and growth mandates. Bessent also noted that Warsh previously took a hawkish stance on inflation.
4 hours ago
US stocks' intraday storage sector sees broad declines, with Western Digital and Seagate Technology both falling over 4%.
According to Bitget data, during U.S. stock trading hours, the storage sector saw broad declines: Western Digital (WDC) fell 4.47%, Seagate Technology (STX) dropped 4.17%, SanDisk (SNDK) declined 2.31%, and Micron Technology (MU) edged down 0.96%. Most optical communication concept stocks rose, with Corning (GLW) leading the gains at 9.75%, followed by Ciena (CIEN) up 3.24%, Coherent (COHR) rising 2.93%, Lumentum (LITE) gaining 2.61%, and Nokia (NOK) advancing 1.82%. Additionally, Marvell Technology (MRVL) fell 2.59% and Applied Optoelectronics (AAOI) declined 1.90%.
4 hours ago
During intraday trading in U.S. stocks, crypto-related concept stocks fell broadly, with MSTR dropping more than 7%.
According to Bitget market data, the three major U.S. stock indexes rose broadly: the Dow Jones Industrial Average gained 0.94%, the S&P 500 increased 0.60%, and the Nasdaq rose 0.63%. Crypto-related stocks fell across the board, with declines as follows: Strategy (MSTR) down 7.33%; Circle (CRCL) down 4.35%; Bitmine (BMNR) down 3.97%; Coinbase (COIN) down 3.73%; Robinhood (HOOD) down 3.70%; Gemini (GEMI) down 3.27%; Bullish (BLSH) down 3.25%; Sharplink (SBET) down 3.19%.
Rubio: US and Iran to continue technical consultations at the end of this month
Multiple foreign media outlets reported on the 24th that US Secretary of State Rubio said technical teams from the United States and Iran will hold further talks in Switzerland by the end of June. (Xinhua News Agency)
4 hours ago
Over the past 24 hours, total crypto market liquidations hit $606 million, with more than 130,000 traders liquidated.
According to Coinglass data, the global cryptocurrency market recorded $606 million in liquidations over the past 24 hours, including $542 million in long-position liquidations and $68.22 million in short-position liquidations. A total of 135,785 traders worldwide were liquidated in the same period, with the largest single liquidation order occurring on Binance’s BTCUSDT trading pair, valued at $12.0111 million.
4 hours ago
Bitcoin falls below $60,000
According to HTX market data, Bitcoin has fallen below $60,000, with a 4.3% drop in the past 24 hours.
4 hours ago
US Treasury Secretary: AI boom may boost productivity and help curb inflation.
US Treasury Secretary Bessent told CNBC in an interview that he hopes the Federal Reserve will remain "open-minded" about the inflation pattern after the reversal of Iran-related energy price hikes. Bessent noted that the U.S. could enter an economic environment marked by high GDP growth without a corresponding rise in traditional inflation. He cited that in the 1990s, Alan Greenspan foresaw that office modernization and the internet could drive non-inflationary growth, and allowed the economy to keep expanding. Bessent believes the U.S. has a strong chance of seeing a similar scenario again. When asked whether the Fed still needs to worry about potential inflation and whether interest rate cuts are possible this year or next, Bessent declined to comment. However, he argued that it is necessary to stay open-minded about the price or inflation impacts from the Iran conflict, and monitor inflation performance after those effects subside. Bessent also said an open mind is needed, as the AI boom could boost productivity and deliver disinflationary effects, helping inflation return to the Fed’s target level. He added that he believes Kevin Warsh will choose the optimal path that meets both the Fed’s inflation and growth mandates. Bessent also noted that Warsh previously took a hawkish stance on inflation.
4 hours ago
US stocks' intraday storage sector sees broad declines, with Western Digital and Seagate Technology both falling over 4%.
According to Bitget data, during U.S. stock trading hours, the storage sector saw broad declines: Western Digital (WDC) fell 4.47%, Seagate Technology (STX) dropped 4.17%, SanDisk (SNDK) declined 2.31%, and Micron Technology (MU) edged down 0.96%. Most optical communication concept stocks rose, with Corning (GLW) leading the gains at 9.75%, followed by Ciena (CIEN) up 3.24%, Coherent (COHR) rising 2.93%, Lumentum (LITE) gaining 2.61%, and Nokia (NOK) advancing 1.82%. Additionally, Marvell Technology (MRVL) fell 2.59% and Applied Optoelectronics (AAOI) declined 1.90%.
4 hours ago
During intraday trading in U.S. stocks, crypto-related concept stocks fell broadly, with MSTR dropping more than 7%.
According to Bitget market data, the three major U.S. stock indexes rose broadly: the Dow Jones Industrial Average gained 0.94%, the S&P 500 increased 0.60%, and the Nasdaq rose 0.63%. Crypto-related stocks fell across the board, with declines as follows: Strategy (MSTR) down 7.33%; Circle (CRCL) down 4.35%; Bitmine (BMNR) down 3.97%; Coinbase (COIN) down 3.73%; Robinhood (HOOD) down 3.70%; Gemini (GEMI) down 3.27%; Bullish (BLSH) down 3.25%; Sharplink (SBET) down 3.19%.
A trader on Hyperliquid is experiencing losses on an XRP trade after taking on a massive leveraged position worth nearly $31 million.
The position drew attention in the crypto community due to its size, high leverage, and the uncertainty currently affecting crypto markets.
Data from Hyperliquid Whale Tracker shows the trader opened a 27.92 million XRP long position using 20x leverage over the past four hours. The position is worth roughly $30.84 million and was entered at an average price of around $1.127.
High-Risk XRP Bet The trade signals strong confidence in XRP, even as the token’s price remains under pressure. According to the tracker, the whale’s 27.92 million XRP position has a liquidation price of about $0.9115. At the time of the snapshot, the trade was showing an unrealized loss of approximately $631,000.
XRP’s price is trading near $1.10, down 9% over the past seven days. The token has also fallen 18% in the last month and remains about 40% lower year-to-date.
Despite the downturn, some traders appear to be positioning for a rebound. The whale’s latest move suggests confidence that XRP could recover from current levels.
Source: CoinGlass Bitcoin Position Pushes Loss Over $2M Meanwhile, the trader is not only betting on XRP. The same account also holds an 809.9 BTC long position with 20x leverage. The Bitcoin trade is worth about $50.9 million and was opened at an average entry price of roughly $65,050.
At the time of the snapshot, the Bitcoin position was showing an unrealized loss of around $1.77 million.
Together, the XRP and Bitcoin trades are worth more than $81 million. Meanwhile, the trader’s combined unrealized losses exceeded $2.1 million, while losses over the past 24 hours were more than $1.3 million.
Notably, Bitcoin has also struggled in recent weeks. The leading cryptocurrency is trading around $62,200. It is down 4.3% over the past week and roughly 18% over the last month. Bitcoin remains about 30% lower year-to-date.
The Road Ahead By maintaining large long positions in XRP and Bitcoin, the whale is betting that the recent sell-off is a buying opportunity. However, many market watchers expect XRP to dip further below $0.5 before a sustainable rebound.
For instance, Ali Martinez has said $0.90 could be a good buying opportunity for long-term holders. On the other hand, an analysis by The Crypto Basic suggests even lower levels. It suggests XRP price could revisit November 2024 lows of $0.6, which could open the door to a new all-time high.
Essentially, XRP is under pressure for now, and any rebound is likely to be short-lived.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
Rubio: US and Iran to continue technical consultations at the end of this month
Multiple foreign media outlets reported on the 24th that US Secretary of State Rubio said technical teams from the United States and Iran will hold further talks in Switzerland by the end of June. (Xinhua News Agency)
4 hours ago
Over the past 24 hours, total crypto market liquidations hit $606 million, with more than 130,000 traders liquidated.
According to Coinglass data, the global cryptocurrency market recorded $606 million in liquidations over the past 24 hours, including $542 million in long-position liquidations and $68.22 million in short-position liquidations. A total of 135,785 traders worldwide were liquidated in the same period, with the largest single liquidation order occurring on Binance’s BTCUSDT trading pair, valued at $12.0111 million.
4 hours ago
Bitcoin falls below $60,000
According to HTX market data, Bitcoin has fallen below $60,000, with a 4.3% drop in the past 24 hours.
4 hours ago
US Treasury Secretary: AI boom may boost productivity and help curb inflation.
US Treasury Secretary Bessent told CNBC in an interview that he hopes the Federal Reserve will remain "open-minded" about the inflation pattern after the reversal of Iran-related energy price hikes. Bessent noted that the U.S. could enter an economic environment marked by high GDP growth without a corresponding rise in traditional inflation. He cited that in the 1990s, Alan Greenspan foresaw that office modernization and the internet could drive non-inflationary growth, and allowed the economy to keep expanding. Bessent believes the U.S. has a strong chance of seeing a similar scenario again. When asked whether the Fed still needs to worry about potential inflation and whether interest rate cuts are possible this year or next, Bessent declined to comment. However, he argued that it is necessary to stay open-minded about the price or inflation impacts from the Iran conflict, and monitor inflation performance after those effects subside. Bessent also said an open mind is needed, as the AI boom could boost productivity and deliver disinflationary effects, helping inflation return to the Fed’s target level. He added that he believes Kevin Warsh will choose the optimal path that meets both the Fed’s inflation and growth mandates. Bessent also noted that Warsh previously took a hawkish stance on inflation.
4 hours ago
US stocks' intraday storage sector sees broad declines, with Western Digital and Seagate Technology both falling over 4%.
According to Bitget data, during U.S. stock trading hours, the storage sector saw broad declines: Western Digital (WDC) fell 4.47%, Seagate Technology (STX) dropped 4.17%, SanDisk (SNDK) declined 2.31%, and Micron Technology (MU) edged down 0.96%. Most optical communication concept stocks rose, with Corning (GLW) leading the gains at 9.75%, followed by Ciena (CIEN) up 3.24%, Coherent (COHR) rising 2.93%, Lumentum (LITE) gaining 2.61%, and Nokia (NOK) advancing 1.82%. Additionally, Marvell Technology (MRVL) fell 2.59% and Applied Optoelectronics (AAOI) declined 1.90%.
4 hours ago
During intraday trading in U.S. stocks, crypto-related concept stocks fell broadly, with MSTR dropping more than 7%.
According to Bitget market data, the three major U.S. stock indexes rose broadly: the Dow Jones Industrial Average gained 0.94%, the S&P 500 increased 0.60%, and the Nasdaq rose 0.63%. Crypto-related stocks fell across the board, with declines as follows: Strategy (MSTR) down 7.33%; Circle (CRCL) down 4.35%; Bitmine (BMNR) down 3.97%; Coinbase (COIN) down 3.73%; Robinhood (HOOD) down 3.70%; Gemini (GEMI) down 3.27%; Bullish (BLSH) down 3.25%; Sharplink (SBET) down 3.19%.
Two Hyperliquid whales are betting on Cardano to recover, taking sizable long positions, but they are already in the red as the coin has continued to fall.
Cardano (ADA) is in an obvious downtrend, but all hope is not lost for the prominent altcoin. Large market participants remain optimistic that it will recover from its prolonged correction and reach higher prices.
Among others, two whales are particularly putting their money on this optimism. On-chain data shows huge leveraged bets on an ADA reversal on the decentralized exchange Hyperliquid, but this is currently going south.
Whales on Cardano Long Positions The first trader with the address “0x51f63” has an open 10x long position on Cardano valued at $2.6 million (17.3 million ADA). This whale opened this trade when the coin traded at $0.176, a price last seen in early June.
However, his bet has not gone according to plan. At the time of writing, the address is nursing unrealized losses of $431,660, which is 165% of its actual margin size on the Cardano position. Had the wallet not contained more capital or gains from other trades, the position would already have been liquidated.
Cardano Whale Bet on Hyperliquid Interestingly, the long trade has no liquidation price, highlighting the whale’s deep pocket and ability to hold the position even if ADA drops much lower.
At the same time, another whale is suffering a worse unrealized loss on ADA. Address “0x123dbc” has a similar 10x leveraged long but is on an unrealized loss of $1.28 million. This is because he opened the bet, worth $1.28 million (8.4 million ADA), at an entry price of $0.303. Notably, Cardano last traded at this level in February.
The unrealized loss is already a staggering 1,003% of his margin size. However, since it is a cross position, profits from other trades and the undeployed capital have kept it going. There is also no estimated liquidation price due to the magnitude of the portfolio.
Cardano Whale Sits on $1.28M Unrealized Loss Cardano Down 35% in 30 Days The sizable bets are in the red solely because Cardano has continued to drop lower for a prolonged period. Over the past 30 days, the coin has lost over one-third of its value, specifically dropping 35% to $0.15.
ADA has further stepped back from its peak price this cycle, crashing 88% from $1.32 in December 2024. While the trend mirrors a broader market move, Cardano has been one of the worst-performing.
For context, no other asset in the top 20 cryptocurrencies by market cap has dropped as much as ADA in the past 30 days. This has ensured it dropped six places from 10th to 16th in the market cap rankings.
Nonetheless, analysts view this as a temporary phase. With the asset’s risk-to-reward becoming more appealing, a recovery to reclaim key resistance levels when the broader market conditions turn positive again would substantially benefit those who bought the current dip.
The next key level to watch is the $0.13 support, where ADA consolidated in December 2020 before a bullish continuation. Breaking below could take the coin towards $0.10, aligning with an ABC corrective Elliott Wave target.
Cardano 1M Chart DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
Rubio: US and Iran to continue technical consultations at the end of this month
Multiple foreign media outlets reported on the 24th that US Secretary of State Rubio said technical teams from the United States and Iran will hold further talks in Switzerland by the end of June. (Xinhua News Agency)
4 hours ago
Over the past 24 hours, total crypto market liquidations hit $606 million, with more than 130,000 traders liquidated.
According to Coinglass data, the global cryptocurrency market recorded $606 million in liquidations over the past 24 hours, including $542 million in long-position liquidations and $68.22 million in short-position liquidations. A total of 135,785 traders worldwide were liquidated in the same period, with the largest single liquidation order occurring on Binance’s BTCUSDT trading pair, valued at $12.0111 million.
4 hours ago
Bitcoin falls below $60,000
According to HTX market data, Bitcoin has fallen below $60,000, with a 4.3% drop in the past 24 hours.
4 hours ago
US Treasury Secretary: AI boom may boost productivity and help curb inflation.
US Treasury Secretary Bessent told CNBC in an interview that he hopes the Federal Reserve will remain "open-minded" about the inflation pattern after the reversal of Iran-related energy price hikes. Bessent noted that the U.S. could enter an economic environment marked by high GDP growth without a corresponding rise in traditional inflation. He cited that in the 1990s, Alan Greenspan foresaw that office modernization and the internet could drive non-inflationary growth, and allowed the economy to keep expanding. Bessent believes the U.S. has a strong chance of seeing a similar scenario again. When asked whether the Fed still needs to worry about potential inflation and whether interest rate cuts are possible this year or next, Bessent declined to comment. However, he argued that it is necessary to stay open-minded about the price or inflation impacts from the Iran conflict, and monitor inflation performance after those effects subside. Bessent also said an open mind is needed, as the AI boom could boost productivity and deliver disinflationary effects, helping inflation return to the Fed’s target level. He added that he believes Kevin Warsh will choose the optimal path that meets both the Fed’s inflation and growth mandates. Bessent also noted that Warsh previously took a hawkish stance on inflation.
4 hours ago
US stocks' intraday storage sector sees broad declines, with Western Digital and Seagate Technology both falling over 4%.
According to Bitget data, during U.S. stock trading hours, the storage sector saw broad declines: Western Digital (WDC) fell 4.47%, Seagate Technology (STX) dropped 4.17%, SanDisk (SNDK) declined 2.31%, and Micron Technology (MU) edged down 0.96%. Most optical communication concept stocks rose, with Corning (GLW) leading the gains at 9.75%, followed by Ciena (CIEN) up 3.24%, Coherent (COHR) rising 2.93%, Lumentum (LITE) gaining 2.61%, and Nokia (NOK) advancing 1.82%. Additionally, Marvell Technology (MRVL) fell 2.59% and Applied Optoelectronics (AAOI) declined 1.90%.
4 hours ago
During intraday trading in U.S. stocks, crypto-related concept stocks fell broadly, with MSTR dropping more than 7%.
According to Bitget market data, the three major U.S. stock indexes rose broadly: the Dow Jones Industrial Average gained 0.94%, the S&P 500 increased 0.60%, and the Nasdaq rose 0.63%. Crypto-related stocks fell across the board, with declines as follows: Strategy (MSTR) down 7.33%; Circle (CRCL) down 4.35%; Bitmine (BMNR) down 3.97%; Coinbase (COIN) down 3.73%; Robinhood (HOOD) down 3.70%; Gemini (GEMI) down 3.27%; Bullish (BLSH) down 3.25%; Sharplink (SBET) down 3.19%.
Rubio: US and Iran to continue technical consultations at the end of this month
Multiple foreign media outlets reported on the 24th that US Secretary of State Rubio said technical teams from the United States and Iran will hold further talks in Switzerland by the end of June. (Xinhua News Agency)
4 hours ago
Over the past 24 hours, total crypto market liquidations hit $606 million, with more than 130,000 traders liquidated.
According to Coinglass data, the global cryptocurrency market recorded $606 million in liquidations over the past 24 hours, including $542 million in long-position liquidations and $68.22 million in short-position liquidations. A total of 135,785 traders worldwide were liquidated in the same period, with the largest single liquidation order occurring on Binance’s BTCUSDT trading pair, valued at $12.0111 million.
4 hours ago
Bitcoin falls below $60,000
According to HTX market data, Bitcoin has fallen below $60,000, with a 4.3% drop in the past 24 hours.
4 hours ago
US Treasury Secretary: AI boom may boost productivity and help curb inflation.
US Treasury Secretary Bessent told CNBC in an interview that he hopes the Federal Reserve will remain "open-minded" about the inflation pattern after the reversal of Iran-related energy price hikes. Bessent noted that the U.S. could enter an economic environment marked by high GDP growth without a corresponding rise in traditional inflation. He cited that in the 1990s, Alan Greenspan foresaw that office modernization and the internet could drive non-inflationary growth, and allowed the economy to keep expanding. Bessent believes the U.S. has a strong chance of seeing a similar scenario again. When asked whether the Fed still needs to worry about potential inflation and whether interest rate cuts are possible this year or next, Bessent declined to comment. However, he argued that it is necessary to stay open-minded about the price or inflation impacts from the Iran conflict, and monitor inflation performance after those effects subside. Bessent also said an open mind is needed, as the AI boom could boost productivity and deliver disinflationary effects, helping inflation return to the Fed’s target level. He added that he believes Kevin Warsh will choose the optimal path that meets both the Fed’s inflation and growth mandates. Bessent also noted that Warsh previously took a hawkish stance on inflation.
4 hours ago
US stocks' intraday storage sector sees broad declines, with Western Digital and Seagate Technology both falling over 4%.
According to Bitget data, during U.S. stock trading hours, the storage sector saw broad declines: Western Digital (WDC) fell 4.47%, Seagate Technology (STX) dropped 4.17%, SanDisk (SNDK) declined 2.31%, and Micron Technology (MU) edged down 0.96%. Most optical communication concept stocks rose, with Corning (GLW) leading the gains at 9.75%, followed by Ciena (CIEN) up 3.24%, Coherent (COHR) rising 2.93%, Lumentum (LITE) gaining 2.61%, and Nokia (NOK) advancing 1.82%. Additionally, Marvell Technology (MRVL) fell 2.59% and Applied Optoelectronics (AAOI) declined 1.90%.
4 hours ago
During intraday trading in U.S. stocks, crypto-related concept stocks fell broadly, with MSTR dropping more than 7%.
According to Bitget market data, the three major U.S. stock indexes rose broadly: the Dow Jones Industrial Average gained 0.94%, the S&P 500 increased 0.60%, and the Nasdaq rose 0.63%. Crypto-related stocks fell across the board, with declines as follows: Strategy (MSTR) down 7.33%; Circle (CRCL) down 4.35%; Bitmine (BMNR) down 3.97%; Coinbase (COIN) down 3.73%; Robinhood (HOOD) down 3.70%; Gemini (GEMI) down 3.27%; Bullish (BLSH) down 3.25%; Sharplink (SBET) down 3.19%.
Rubio: US and Iran to continue technical consultations at the end of this month
Multiple foreign media outlets reported on the 24th that US Secretary of State Rubio said technical teams from the United States and Iran will hold further talks in Switzerland by the end of June. (Xinhua News Agency)
4 hours ago
Over the past 24 hours, total crypto market liquidations hit $606 million, with more than 130,000 traders liquidated.
According to Coinglass data, the global cryptocurrency market recorded $606 million in liquidations over the past 24 hours, including $542 million in long-position liquidations and $68.22 million in short-position liquidations. A total of 135,785 traders worldwide were liquidated in the same period, with the largest single liquidation order occurring on Binance’s BTCUSDT trading pair, valued at $12.0111 million.
4 hours ago
Bitcoin falls below $60,000
According to HTX market data, Bitcoin has fallen below $60,000, with a 4.3% drop in the past 24 hours.
4 hours ago
US Treasury Secretary: AI boom may boost productivity and help curb inflation.
US Treasury Secretary Bessent told CNBC in an interview that he hopes the Federal Reserve will remain "open-minded" about the inflation pattern after the reversal of Iran-related energy price hikes. Bessent noted that the U.S. could enter an economic environment marked by high GDP growth without a corresponding rise in traditional inflation. He cited that in the 1990s, Alan Greenspan foresaw that office modernization and the internet could drive non-inflationary growth, and allowed the economy to keep expanding. Bessent believes the U.S. has a strong chance of seeing a similar scenario again. When asked whether the Fed still needs to worry about potential inflation and whether interest rate cuts are possible this year or next, Bessent declined to comment. However, he argued that it is necessary to stay open-minded about the price or inflation impacts from the Iran conflict, and monitor inflation performance after those effects subside. Bessent also said an open mind is needed, as the AI boom could boost productivity and deliver disinflationary effects, helping inflation return to the Fed’s target level. He added that he believes Kevin Warsh will choose the optimal path that meets both the Fed’s inflation and growth mandates. Bessent also noted that Warsh previously took a hawkish stance on inflation.
4 hours ago
US stocks' intraday storage sector sees broad declines, with Western Digital and Seagate Technology both falling over 4%.
According to Bitget data, during U.S. stock trading hours, the storage sector saw broad declines: Western Digital (WDC) fell 4.47%, Seagate Technology (STX) dropped 4.17%, SanDisk (SNDK) declined 2.31%, and Micron Technology (MU) edged down 0.96%. Most optical communication concept stocks rose, with Corning (GLW) leading the gains at 9.75%, followed by Ciena (CIEN) up 3.24%, Coherent (COHR) rising 2.93%, Lumentum (LITE) gaining 2.61%, and Nokia (NOK) advancing 1.82%. Additionally, Marvell Technology (MRVL) fell 2.59% and Applied Optoelectronics (AAOI) declined 1.90%.
4 hours ago
During intraday trading in U.S. stocks, crypto-related concept stocks fell broadly, with MSTR dropping more than 7%.
According to Bitget market data, the three major U.S. stock indexes rose broadly: the Dow Jones Industrial Average gained 0.94%, the S&P 500 increased 0.60%, and the Nasdaq rose 0.63%. Crypto-related stocks fell across the board, with declines as follows: Strategy (MSTR) down 7.33%; Circle (CRCL) down 4.35%; Bitmine (BMNR) down 3.97%; Coinbase (COIN) down 3.73%; Robinhood (HOOD) down 3.70%; Gemini (GEMI) down 3.27%; Bullish (BLSH) down 3.25%; Sharplink (SBET) down 3.19%.
An address longing 21,000 ETH on Hyperliquid is now facing an unrealized loss of nearly $1.7 million
PANews, June 24 – According to Ai Yi, address 0xa2e…f1468 went long on 21,000 ETH on Hyperliquid with approximately 18x leverage, with a notional position of about $34.61 million. The entry price was $1,728.5, and the current unrealized loss is approximately $1.696 million, with a liquidation price of $1,590.1.
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US Three Major Indexes Mixed, HOOD Down Over 6.11%
The total value locked (TVL) across decentralized finance (DeFi) protocols has dropped sharply since the start of the year. According to CryptoRank data, the TVL in DeFi plunged from around $115 billion in January to $70 billion by the end of June. This represents a staggering $45 billion decline in just six months.
Decline persisted throughout the yearOn-chain analyses show that DeFi TVL decreased every month throughout 2026. Among the top ten blockchain networks, only Tron and Hyperliquid managed to achieve positive growth this year. TVL on the Tron network rose by roughly 5%, while Hyperliquid saw an increase of about 7%.
Tron’s growth was attributed to the network’s dominant role in USDT transfers and stablecoin settlements. Meanwhile, Hyperliquid’s rise was linked to its prominence in on-chain perpetual futures trading.
Mini glossary: Perpetual futures are derivative products without a set expiration date. To keep prices close to the spot market, a funding mechanism is usually used.
Of the top ten blockchains, Arbitrum experienced the steepest drop. Its TVL sank 55.3% to $1.3 billion. While Ethereum’s TVL fell 43% since January, it still led the DeFi space with $38.9 billion locked. Solana also declined 40.5% to $4.93 billion over the same period.
According to CryptoRank, DeFi’s TVL declined every month in 2026. Among major chains, only Tron and Hyperliquid remained in positive territory for the year.
Falling market caps added to the pressureDeFi outflows mirrored the broader cryptocurrency market’s correction. Data in the report shows bitcoin reached an all-time high above $122,000 in October 2025, with the total crypto market cap peaking at $4.21 trillion during the same period.
By the end of June, the total crypto market cap stood at $2.15 trillion, indicating a nearly 50% drop from last year’s peak. Bitcoin’s value is down more than 28% year-to-date. Ethereum has lost up to 43%, while BNB fell 33% and Solana tumbled 43.5% in the same timeframe.
Security breaches accelerated outflowsCryptoRank highlighted that this year’s high rate of security breaches contributed to the DeFi sector’s unraveling. Up to late June 2026, 121 attacks were recorded in the crypto industry, resulting in crypto losses totaling nearly $942 million. Of these, 85 incidents occurred in the second quarter alone, accounting for losses of around $775 million.
In the second quarter, KelpDAO lost $293 million after a vulnerability was exploited on a LayerZero-based cross-chain bridge. The Drift Protocol recorded $280 million in losses due to a separate security breach. Together, these two incidents made up about three-quarters of all recorded losses in the same period.
The KelpDAO attack also affected Aave. Hackers used stolen rsETH tokens with no underlying backing as collateral on Aave, borrowing funds and creating a gap in the protocol that proved difficult to recover. In the days following the incident, Aave’s TVL dropped from $26.4 billion to $14.3 billion—a 46% decline.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Address 0xebe8 closes 800 BTC long position, losing approximately $1.26 million
PANews, June 24 – According to Lookonchain, as BTC fell below $61,000, address 0xebe8 closed its long position of 800 BTC on Hyperliquid, with a notional size of approximately $48.8 million, resulting in a loss of around $1.26 million on this trade.Share to:
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US Three Major Indexes Mixed, HOOD Down Over 6.11%
PANews June 24 news, according to CoinGlass, in the past 24 hours approximately 103,200 traders were forcibly liquidated in the crypto futures market, with total liquidations reaching around 409 million USD. Long liquidations accounted for about 340 million USD, while shorts liquidated roughly 69.15 million USD, with longs making up over 80% of the total. The single largest liquidation order took place on the Binance BTCUSDT contract, worth roughly 3.0183 million USD. By exchange, Binance led with liquidations of around 171 million USD, followed by Hyperliquid at about 68.55 million USD, Bybit at about 54.37 million USD, OKX at about 40.69 million USD, and Gate at about 32.83 million USD.
Yuzu Money, the institutional yield engine behind EtherFi liquidUSD (Earn product), is now integrated with Movement Network as a Day-1 Canopy curator. It brings tokenized T-bills, AAA-rated CLOs, overcollateralized lending yields directly to Movement users, subject to Yuzu's eligibility criteria, starting with its Yuzu Prime product tier.
What Yuzu Money DoesYuzu Money is a premier "Yield-as-a-Service" platform, connecting curated on-chain yield strategies to the global neobank and fintech ecosystem. Yuzu Money's core products are vaults that provide plug-and-play structured products that enhance institutional-grade RWAs with DeFi mechanisms such as leverage and tranching. The core product is already live and revenue-generating: it powers >8% of EtherFi’s liquidUSD (Earn vault product) and manages $51M TVL across its product tiers.
The Movement Network integration launches with Yuzu Prime, the conservative tier of the Yuzu stack. Yuzu Prime targets approximately 7% APY through a portfolio of U.S. Treasury bills,AAA-rated CLOs (Collateralized Loan Obligations) and overcollateralized lending (Maple Finance). T-bills are short-term U.S. government debt (considered among the lowest-risk assets in traditional finance). CLOs are bundles of senior-ranked corporate loans. AAA is the highest credit rating a financial instrument can carry, assigned by agencies like Moody's and S&P to assets where the probability of default is exceptionally low; of which the AAA tranche has never experienced a default over the last 30 years since its first issuance. Overcollateralized lending through DeFi protocols such as Maple Finance, where only large-cap liquid cryptocurrencies are accepted as collateral with the entire loan book overcollateralized at an average of >155% ratio. Redemption is usually24 hours but up to 3 days under normal conditions, and the risk profile is designed to satisfy enterprise compliance requirements.
Onchain custody runs through SOC 2 Type II certified (Ernst & Young) and Munich Re insured wallet infrastructure provider, Fordefi MPC, real-time security monitoring through Hypernative, compliance through Chainalysis KYT, onchain verifiability using Accountable Data Verification Network (DVN). Yuzu Prime smart contracts have also been audited a total of 4 times with tier-1 auditors: Pashov and Dedaub.
Where Yuzu Prime Fits in CanopyCanopy is a yield-curation infrastructure layer deployed on the Movement Network. It connects eligible users directly to independent yield providers, the institutions and protocols that source and manage the underlying strategies. Users deposit USDC and receive yield-bearing receipt tokens in return. Curators, who actively manage capital across yield providers, represent a second tier coming in a later phase.
Yuzu Prime fills the low-to-medium risk slot in that lineup. USD-denominated, backed by real-world assets, with a compliance story that regulated partners can work with. Avant, the other Day-1 Canopy yield provider, covers a different part of the risk curve. Together they give Movement users two real choices.
USDC deposits are deployed on Movement Network, bridged to Ethereum mainnet where Yuzu Money manages the underlying tokenized T-bills, AAA-rated CLOs and overcollateralized lending positions, and the corresponding vault receipt token issued by Yuzu lives on Movement. Each partner gets its own isolated vault with no co-mingling across neobank or institutional integrations. Movement's neobank partners serving emerging markets need clean accounting separation, and Yuzu Prime's architecture was built for exactly that.
Why This Matters for Movement UsersFor users holding USDC on Movement Network, Yuzu Prime adds onboarded participants a yield option that is meaningfully different from leveraged or algorithmic strategies. A target return of 7% on T-bills, AAA CLOs and overcollateralized lending is a figure that enterprise treasury teams and compliance officers can defend internally. It is also the kind of yield profile that makes sense for users in Ethiopia and other emerging markets where safe USD yield is the primary value proposition, not speculative upside.
What Comes NextYuzu Prime is live, generating yield, and built for the compliance-conscious users that the Movement Network is missioned to serve. More Canopy curators are coming. Yuzu Prime is the first.
This post is informational only and does not constitute an offer to sell, or a solicitation of an offer to buy, any digital asset, security, financial instrument, or stablecoin, or financial, investment, legal, or tax advice. Yuzu Money's products and services described in this post are made available solely by Yuzu Money, are subject to Yuzu Money's terms and to applicable law. Movement does not provide payments, money-transmission, custody, or stablecoin services. Stablecoin transfers and payments involve risk, including risk of loss. This post is not directed at, and is not intended for distribution to, persons in jurisdictions where its publication would be unlawful. Forward-looking statements reflect Movement's current expectations and are not guarantees; actual outcomes may differ.
Money moves across more networks than ever, but those networks still do not work together as easily as they should. For global businesses, fintechs, payment service providers, and financial institutions, that lack of payment interoperability creates real costs: slower settlement, trapped liquidity, more integrations, and more operational complexity.
You can send a message across the world instantly. But sending value across borders, currencies, or payment systems can still feel like operating in a pre-digital era. The problem is not technology alone. It is the fragmentation between systems, networks, assets, and fiat currencies — and the lack of a common way for them to communicate, settle, and scale together.
The cost of siloed payment systemsGlobal enterprises, fintech innovators, and financial institutions face hidden costs every time value moves from one payment network to another. Traditional payment rails such as SWIFT, ACH, and SEPA each operate under their own rules, standards, and settlement timelines.
For institutions operating across markets, that can mean multiple integrations, reconciliation headaches, inconsistent settlement times, and limited reach. Cross-border payments can still take days to process, tying up liquidity and slowing business operations. According to a 2024 survey, almost 40% of companies said cross-border payment problems caused them to lose business. That friction becomes especially visible when institutions try to scale: every new market can bring another set of local banking partners, regulatory requirements, currency considerations, and infrastructure quirks.
The result is a global money movement system that still looks more like a patchwork of pipes than a single connected network. Even modern digital systems, from mobile wallets to crypto exchanges, often live in self-contained ecosystems. They may be fast within their own environments, but value can still become harder, slower, or more expensive to move once it needs to cross system boundaries.
Why payment interoperability is everyone’s problem but no one’s jobIf payment interoperability is so important, why hasn’t it been solved? The answer is partly structural, partly economic, and partly political.
No single entity owns the problem: Payment systems are built and controlled by public or private organizations, each optimizing for their own users and incentives.Standards move slowly: Offchain efforts like ISO 20022 aim to harmonize messaging across networks, but adoption is staggered. Technical alignment between standards rarely keeps pace with payment innovation.Governance complicates coordination: Even when systems agree on formats, they may differ in compliance frameworks, transaction limits, or settlement mechanisms.Interoperability is not merely a technical challenge. It is also a coordination challenge. In many cases, payment providers have limited economic incentive to make their systems fully interoperable, especially when closed networks can preserve revenue from transaction fees, foreign exchange spreads, or proprietary integrations.
The digital asset perspective: a different starting pointThis is where digital assets and blockchain infrastructure change the conversation. Instead of building closed payment systems and connecting them later, public blockchains begin from a more open design: global, programmable networks where value can move continuously.
That does not mean fragmentation disappears. In practice, digital asset payments can also be fragmented across blockchains, token standards, wallets, liquidity venues, and applications. But the architectural starting point is different. Traditional payment systems are often built around specific jurisdictions, currencies, or networks, then connected through layers of intermediaries. Public blockchains start from a more borderless foundation, creating new possibilities for how value can move across systems.
That shift is reshaping what interoperable payments can mean. The goal is not simply to connect existing rails more efficiently. It is to build payment infrastructure where value can move across networks with greater speed, programmability, and consistency.
Why multichain design mattersConsider the evolution of stablecoins like USDC. While originally launched exclusively on Ethereum, USDC is now found on dozens of blockchain networks. This multichain architecture gives developers and institutions access to dollar-denominated liquidity in the ecosystems where they already operate.
With native USDC on multiple blockchains, digital dollars can move through a wider range of applications, wallets, and payment environments. That can reduce the need to rely on wrapped assets, fragmented liquidity pools, or one-off conversion processes. For institutions and developers, the benefit is not just speed. It is the ability to build across networks while preserving a more consistent representation of value.
This is an important step toward interoperable money movement: stablecoin infrastructure that is not confined to a single chain, market, or application.
Technical bridges vs true interoperabilityIt is tempting to see bridges between blockchains as the solution. But many bridges today are workarounds rather than true interoperability. They may wrap tokens by holding an asset as collateral on one blockchain while minting a representation of that asset on another. But this can introduce additional trust assumptions, operational complexity, and security vulnerabilities.
True interoperability goes deeper. It requires consistent value representation, predictable settlement, and reliable connectivity across supported networks. Native issuance can help reduce the risks associated with wrapped assets, bridge failures, and fragmented liquidity.
That is why stablecoins like USDC1 and EURC2 are important to the future of payment interoperability. They are designed to represent a consistent unit of value across supported blockchain networks, backed by highly liquid reserves and governed under transparent frameworks. This consistency allows developers and institutions to focus on utility and scale, rather than conversion risk.
For this reason, Circle strongly recommends using native USDC over bridged versions offered by third parties, often labeled “USDC.e.” This guidance reflects Circle’s risk-management approach to interoperability. Check out this explainer to learn more.
But interoperability is not only a technical standard. It is also an operating model. Value can only move efficiently across systems when participants can trust the asset, the settlement process, and the rules governing the transaction. The next phase of payment interoperability will depend not just on better connections between networks, but on infrastructure that combines broad reach with predictable settlement, participant-defined controls, and consistent value representation.
The institutional imperative for interoperable paymentsFor institutions, interoperable payments are not just a convenience. They are a competitive edge. Global treasurers, fintech operators, and payment service providers need to manage liquidity, reconcile transactions, and serve customers across jurisdictions in real time.
Interoperable payment networks simplify that equation. They can reduce operational risk, accelerate settlement, and unlock new business models, from global commerce to cross-border payroll. And perhaps most importantly, they help institutions expand into new markets without rebuilding payment infrastructure from the ground up each time.
A new era: Circle Payments NetworkCircle Payments Network3 (CPN) was designed to make global money movement work more like the internet: always on, programmable, and connected across borders. As a stablecoin-powered payments network for eligible financial institutions, CPN helps participants send, receive, and settle value globally through a single connection.
CPN addresses interoperability across multiple dimensions. It uses USDC — natively issued across multiple blockchains — to support real-time pay-ins, payouts, and settlement across 25+ blockchains without reliance on wrapped assets or third-party bridges. For institutions that prefer a more managed approach, CPN Managed Payments handles the complexity of licensing, compliance, and other operational requirements on their behalf, enabling broad multichain reach to end users. Across both models, CPN provides the network infrastructure for institutions to transact directly, communicate securely, and define their own transaction parameters and privacy controls.
In essence, CPN does not try to “own” interoperability. It embeds it into the payment experience: one connection, programmable controls, and real-time settlement.
The future of interoperable paymentsThe future of money will not be defined by any single network, chain, asset, or institution. It will be defined by how well those systems work together. As stablecoin infrastructure matures, the industry is moving closer to a world where interoperability is not an afterthought. It is the default.
Circle’s solutions — from multichain USDC to CPN — are helping create an interoperability ecosystem for institutions that need to move value efficiently and cost-effectively. The goal is not to make businesses think more about payment rails, chains, or settlement frameworks. It is to make those choices less visible in the day-to-day experience of moving money.
Partners and customers should not have to worry about which chain, rail, or settlement framework supports a transaction. They need money movement that is fast, secure, and reliable, so they can focus on their core business operations. In an interoperable payments future, value should move more like information: securely, instantly, and across the networks businesses already use.
For organizations looking to move money faster and more reliably across a fragmented global system, explore Circle's payments solutions to see how stablecoin infrastructure can work for your business.
1 USDC is issued by regulated affiliates of Circle. See Circle’s list of regulatory authorizations.
2 EURC is issued by regulated affiliates of Circle. See Circle’s list of regulatory authorizations.
3 Circle Technology Services, LLC (CTS) is the operator of Circle Payments Network (CPN) and offers products and services to financial institutions that participate in CPN to facilitate their CPN access and integration. CPN connects participating financial institutions around the world, with CTS serving as the technology service provider to participating financial institutions. While CTS does not hold funds or manage accounts on behalf of customers, we enable the global ecosystem of participating financial institutions to connect directly with each other, communicate securely, and settle directly with each other. CTS is not a party to transactions between participating financial institutions facilitated by CPN who use CPN to execute transactions at their own risk. Use of CPN is subject to the CPN Rules and the CPN Participation Agreement between CTS and a participating financial institution.
CPN Managed Payments is provided by Circle Internet Financial, LLC. Circle Internet Financial, LLC (NMLS #1201441) is a licensed provider of money transmission services. Circle Internet Financial, LLC is licensed as a Money Transmitter and to engage in Virtual Currency Business Activity by the New York State Department of Financial Services. A full list of Circle’s licenses can be found here.
Rubio: US and Iran to continue technical consultations at the end of this month
Multiple foreign media outlets reported on the 24th that US Secretary of State Rubio said technical teams from the United States and Iran will hold further talks in Switzerland by the end of June. (Xinhua News Agency)
4 hours ago
Over the past 24 hours, total crypto market liquidations hit $606 million, with more than 130,000 traders liquidated.
According to Coinglass data, the global cryptocurrency market recorded $606 million in liquidations over the past 24 hours, including $542 million in long-position liquidations and $68.22 million in short-position liquidations. A total of 135,785 traders worldwide were liquidated in the same period, with the largest single liquidation order occurring on Binance’s BTCUSDT trading pair, valued at $12.0111 million.
4 hours ago
Bitcoin falls below $60,000
According to HTX market data, Bitcoin has fallen below $60,000, with a 4.3% drop in the past 24 hours.
4 hours ago
US Treasury Secretary: AI boom may boost productivity and help curb inflation.
US Treasury Secretary Bessent told CNBC in an interview that he hopes the Federal Reserve will remain "open-minded" about the inflation pattern after the reversal of Iran-related energy price hikes. Bessent noted that the U.S. could enter an economic environment marked by high GDP growth without a corresponding rise in traditional inflation. He cited that in the 1990s, Alan Greenspan foresaw that office modernization and the internet could drive non-inflationary growth, and allowed the economy to keep expanding. Bessent believes the U.S. has a strong chance of seeing a similar scenario again. When asked whether the Fed still needs to worry about potential inflation and whether interest rate cuts are possible this year or next, Bessent declined to comment. However, he argued that it is necessary to stay open-minded about the price or inflation impacts from the Iran conflict, and monitor inflation performance after those effects subside. Bessent also said an open mind is needed, as the AI boom could boost productivity and deliver disinflationary effects, helping inflation return to the Fed’s target level. He added that he believes Kevin Warsh will choose the optimal path that meets both the Fed’s inflation and growth mandates. Bessent also noted that Warsh previously took a hawkish stance on inflation.
4 hours ago
US stocks' intraday storage sector sees broad declines, with Western Digital and Seagate Technology both falling over 4%.
According to Bitget data, during U.S. stock trading hours, the storage sector saw broad declines: Western Digital (WDC) fell 4.47%, Seagate Technology (STX) dropped 4.17%, SanDisk (SNDK) declined 2.31%, and Micron Technology (MU) edged down 0.96%. Most optical communication concept stocks rose, with Corning (GLW) leading the gains at 9.75%, followed by Ciena (CIEN) up 3.24%, Coherent (COHR) rising 2.93%, Lumentum (LITE) gaining 2.61%, and Nokia (NOK) advancing 1.82%. Additionally, Marvell Technology (MRVL) fell 2.59% and Applied Optoelectronics (AAOI) declined 1.90%.
4 hours ago
During intraday trading in U.S. stocks, crypto-related concept stocks fell broadly, with MSTR dropping more than 7%.
According to Bitget market data, the three major U.S. stock indexes rose broadly: the Dow Jones Industrial Average gained 0.94%, the S&P 500 increased 0.60%, and the Nasdaq rose 0.63%. Crypto-related stocks fell across the board, with declines as follows: Strategy (MSTR) down 7.33%; Circle (CRCL) down 4.35%; Bitmine (BMNR) down 3.97%; Coinbase (COIN) down 3.73%; Robinhood (HOOD) down 3.70%; Gemini (GEMI) down 3.27%; Bullish (BLSH) down 3.25%; Sharplink (SBET) down 3.19%.
Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Shibarium saw an increase in transactions this week, significant enough to leave an imprint on the charts.
Shiba Inu layer 2 blockchain Shibarium saw a sudden burst of activity, which was quickly followed by a drop, and then a sharp rise followed by another drop, forming an 'M' pattern on the daily transaction chart, according to Shibariumscan data.
Shibarium daily transactions rose from 732 on May 23 to 7,220 on May 26, a significant increase. But this could not translate into a sustained rise, as it was followed by a drop.
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Daily transactions fell subsequently to 1,510 on May 27 but later rose on May 28 to 5,880 before dropping again. Despite the erratic nature of the transaction increase, one positive aspect that cannot be dismissed is that activity on Shibarium is picking up after a period of quiet. Daily transaction count on Shibarium remained largely below 1,000 from late April, with the recent increase being significant.
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The exact reason for the erratic transaction trend remains unknown. Users are now watching if the uptick in Shibarium activity can lead to a more sustained trend.
SHIB price actionShiba Inu is trading up on a daily basis as the broader crypto market saw a rebound following an earlier drop in the week.
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SHIB price fell for five straight days as traders analyzed several data releases in the week that suggested inflation remains a key concern for the U.S. economy. Most notably, the personal consumption expenditures price index, the Fed's preferred inflation gauge, was up 3.8% year-over-year in April.
With inflation well above the central bank's 2% target, markets are anticipating the Fed to hold steady this year, then possibly start increasing rates in early 2027. Current chances indicate virtually zero odds of cuts anytime through at least 2027.
SHIB price rebounded heading into the weekend, sharply increasing from a low of $0.00000517 on May 29. At the time of writing, SHIB was up 3.07% in the last 24 hours to $0.00000548, reaching an intraday high of $0.00000555.
Rubio: US and Iran to continue technical consultations at the end of this month
Multiple foreign media outlets reported on the 24th that US Secretary of State Rubio said technical teams from the United States and Iran will hold further talks in Switzerland by the end of June. (Xinhua News Agency)
4 hours ago
Over the past 24 hours, total crypto market liquidations hit $606 million, with more than 130,000 traders liquidated.
According to Coinglass data, the global cryptocurrency market recorded $606 million in liquidations over the past 24 hours, including $542 million in long-position liquidations and $68.22 million in short-position liquidations. A total of 135,785 traders worldwide were liquidated in the same period, with the largest single liquidation order occurring on Binance’s BTCUSDT trading pair, valued at $12.0111 million.
4 hours ago
Bitcoin falls below $60,000
According to HTX market data, Bitcoin has fallen below $60,000, with a 4.3% drop in the past 24 hours.
4 hours ago
US Treasury Secretary: AI boom may boost productivity and help curb inflation.
US Treasury Secretary Bessent told CNBC in an interview that he hopes the Federal Reserve will remain "open-minded" about the inflation pattern after the reversal of Iran-related energy price hikes. Bessent noted that the U.S. could enter an economic environment marked by high GDP growth without a corresponding rise in traditional inflation. He cited that in the 1990s, Alan Greenspan foresaw that office modernization and the internet could drive non-inflationary growth, and allowed the economy to keep expanding. Bessent believes the U.S. has a strong chance of seeing a similar scenario again. When asked whether the Fed still needs to worry about potential inflation and whether interest rate cuts are possible this year or next, Bessent declined to comment. However, he argued that it is necessary to stay open-minded about the price or inflation impacts from the Iran conflict, and monitor inflation performance after those effects subside. Bessent also said an open mind is needed, as the AI boom could boost productivity and deliver disinflationary effects, helping inflation return to the Fed’s target level. He added that he believes Kevin Warsh will choose the optimal path that meets both the Fed’s inflation and growth mandates. Bessent also noted that Warsh previously took a hawkish stance on inflation.
4 hours ago
US stocks' intraday storage sector sees broad declines, with Western Digital and Seagate Technology both falling over 4%.
According to Bitget data, during U.S. stock trading hours, the storage sector saw broad declines: Western Digital (WDC) fell 4.47%, Seagate Technology (STX) dropped 4.17%, SanDisk (SNDK) declined 2.31%, and Micron Technology (MU) edged down 0.96%. Most optical communication concept stocks rose, with Corning (GLW) leading the gains at 9.75%, followed by Ciena (CIEN) up 3.24%, Coherent (COHR) rising 2.93%, Lumentum (LITE) gaining 2.61%, and Nokia (NOK) advancing 1.82%. Additionally, Marvell Technology (MRVL) fell 2.59% and Applied Optoelectronics (AAOI) declined 1.90%.
4 hours ago
During intraday trading in U.S. stocks, crypto-related concept stocks fell broadly, with MSTR dropping more than 7%.
According to Bitget market data, the three major U.S. stock indexes rose broadly: the Dow Jones Industrial Average gained 0.94%, the S&P 500 increased 0.60%, and the Nasdaq rose 0.63%. Crypto-related stocks fell across the board, with declines as follows: Strategy (MSTR) down 7.33%; Circle (CRCL) down 4.35%; Bitmine (BMNR) down 3.97%; Coinbase (COIN) down 3.73%; Robinhood (HOOD) down 3.70%; Gemini (GEMI) down 3.27%; Bullish (BLSH) down 3.25%; Sharplink (SBET) down 3.19%.
Movement is pivoting from being another layer-2 blockchain to becoming a stablecoin-powered payments and remittance network, targeting emerging markets with cross-border transfers, dollar savings products and yield infrastructure.The shift reflects a broader trend in crypto, where an increasingly crowded layer-2 landscape is pushing projects to pursue real-world payment use cases, similar to moves by firms like Polygon, as blockchain scaling becomes less differentiated.Movement, a project originally designed to link blockchains built using the Move programming language with Ethereum, is pivoting toward cross-border payments, remittances and dollar savings products, reflecting a broader shift across the increasingly crowded layer-2 landscape.
The company behind the blockchain said Tuesday that it had secured access to licensed payment systems in the U.S., Canada and European Union, and would focus on building stablecoin-based settlement infrastructure for emerging markets.
The direction change comes as a number of layer-2 projects reassess their original scaling-focused roadmaps amid growing competition and declining differentiation among networks. With dozens of Ethereum scaling chains now competing for users, liquidity and developer attention, some projects are turning toward payments and real-world financial applications as a path to growth.
Polygon, one of the earliest Ethereum scaling projects, has increasingly emphasized payments and stablecoin infrastructure in recent years, pursuing projects with fintechs and payment providers as transaction fees and rollup technology become commoditized.
While layer-2 networks were initially pitched as a solution to Ethereum's scaling challenges, the sector's rapid expansion has left many projects searching for more specialized use cases. For Movement, that increasingly means competing not with other blockchain networks, but with traditional payment systems and remittance providers.
The team behind Movement said it plans to leverage licensed payment partners alongside blockchain settlement infrastructure to target the roughly $685 billion remittance market serving low and middle-income countries.
As part of the transition, the Movement Network Foundation said it repurchased some 19% of tokens previously allocated to investors, equivalent to 4.1% of total token supply. MOVE was recently trading around 14.35 cents.
"Billions globally are financially disenfranchised and unserved," CEO Torab Torabi said in a press release shared with CoinDesk. "Our mission is to marry licensed payment rails with onchain settlement to modernize financial services globally, particularly in emerging markets."
Read more: Movement Labs Terminates Rushi Manche After MOVE Token Deals
Rubio: US and Iran to continue technical consultations at the end of this month
Multiple foreign media outlets reported on the 24th that US Secretary of State Rubio said technical teams from the United States and Iran will hold further talks in Switzerland by the end of June. (Xinhua News Agency)
4 hours ago
Over the past 24 hours, total crypto market liquidations hit $606 million, with more than 130,000 traders liquidated.
According to Coinglass data, the global cryptocurrency market recorded $606 million in liquidations over the past 24 hours, including $542 million in long-position liquidations and $68.22 million in short-position liquidations. A total of 135,785 traders worldwide were liquidated in the same period, with the largest single liquidation order occurring on Binance’s BTCUSDT trading pair, valued at $12.0111 million.
4 hours ago
Bitcoin falls below $60,000
According to HTX market data, Bitcoin has fallen below $60,000, with a 4.3% drop in the past 24 hours.
4 hours ago
US Treasury Secretary: AI boom may boost productivity and help curb inflation.
US Treasury Secretary Bessent told CNBC in an interview that he hopes the Federal Reserve will remain "open-minded" about the inflation pattern after the reversal of Iran-related energy price hikes. Bessent noted that the U.S. could enter an economic environment marked by high GDP growth without a corresponding rise in traditional inflation. He cited that in the 1990s, Alan Greenspan foresaw that office modernization and the internet could drive non-inflationary growth, and allowed the economy to keep expanding. Bessent believes the U.S. has a strong chance of seeing a similar scenario again. When asked whether the Fed still needs to worry about potential inflation and whether interest rate cuts are possible this year or next, Bessent declined to comment. However, he argued that it is necessary to stay open-minded about the price or inflation impacts from the Iran conflict, and monitor inflation performance after those effects subside. Bessent also said an open mind is needed, as the AI boom could boost productivity and deliver disinflationary effects, helping inflation return to the Fed’s target level. He added that he believes Kevin Warsh will choose the optimal path that meets both the Fed’s inflation and growth mandates. Bessent also noted that Warsh previously took a hawkish stance on inflation.
4 hours ago
US stocks' intraday storage sector sees broad declines, with Western Digital and Seagate Technology both falling over 4%.
According to Bitget data, during U.S. stock trading hours, the storage sector saw broad declines: Western Digital (WDC) fell 4.47%, Seagate Technology (STX) dropped 4.17%, SanDisk (SNDK) declined 2.31%, and Micron Technology (MU) edged down 0.96%. Most optical communication concept stocks rose, with Corning (GLW) leading the gains at 9.75%, followed by Ciena (CIEN) up 3.24%, Coherent (COHR) rising 2.93%, Lumentum (LITE) gaining 2.61%, and Nokia (NOK) advancing 1.82%. Additionally, Marvell Technology (MRVL) fell 2.59% and Applied Optoelectronics (AAOI) declined 1.90%.
4 hours ago
During intraday trading in U.S. stocks, crypto-related concept stocks fell broadly, with MSTR dropping more than 7%.
According to Bitget market data, the three major U.S. stock indexes rose broadly: the Dow Jones Industrial Average gained 0.94%, the S&P 500 increased 0.60%, and the Nasdaq rose 0.63%. Crypto-related stocks fell across the board, with declines as follows: Strategy (MSTR) down 7.33%; Circle (CRCL) down 4.35%; Bitmine (BMNR) down 3.97%; Coinbase (COIN) down 3.73%; Robinhood (HOOD) down 3.70%; Gemini (GEMI) down 3.27%; Bullish (BLSH) down 3.25%; Sharplink (SBET) down 3.19%.
Movement, the Move-based blockchain network that has expanded into stablecoin payments and financial infrastructure, said it has gained access to licensed payment rails across the US, Canada and the EU, a move aimed at strengthening its cross-border payment offerings in emerging markets.
In a Tuesday announcement, Movement said it plans to use the payment infrastructure to connect traditional banking systems with stablecoin settlement networks, targeting cross-border transfers and treasury services in regions where payment costs remain high and financial access is limited.
Movement did not identify the partners or regulated entities that would enable its payment rail access. Still, the company said the infrastructure will enhance its ability to move funds between traditional payment networks and blockchain systems, with a focus on stablecoin-based settlement rather than fully crypto-native transfers.
The announcement also highlighted a token buyback tied to the company’s shift toward payments infrastructure. The Movement Network Foundation said it repurchased roughly 19% of tokens previously allocated to investors, representing about 4.2% of the token’s total supply.
MOVE token’s market capitalization has fallen from a peak of around $2.5 billion to around $54 million currently. Source: CoinMarketCap
Stablecoins become a key growth area for blockchain networksMovement’s pivot reflects a broader trend across the blockchain industry, where networks originally touted as smart-contract platforms are increasingly emphasizing stablecoin payments and financial infrastructure.
Solana, which initially gained traction through decentralized finance and consumer applications, has in recent months highlighted stablecoin payments and remittances as adoption grows. Polygon, an Ethereum layer-2 network, has also expanded its focus beyond scaling to support stablecoin settlement and payment-related initiatives.
Aptos, another blockchain built on the Move programming language, has similarly promoted payments, consumer finance and stablecoin use cases as part of its broader growth strategy.
The shift comes as stablecoins remain one of the digital asset industry's fastest-growing sectors, particularly following the passage of the US GENIUS Act last year, which established a federal framework for payment stablecoins.
The total value of all stablecoins has eclipsed $320 billion. Source: DefiLlama
The growing focus on payments infrastructure also comes amid softer conditions across broader crypto markets. Global crypto transaction volume declined 11% year over year in the first quarter, according to TRM Labs, reflecting weaker market activity and cooling investor demand.
Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
Key Highlights Movement deploys licensed infrastructure to enable global stablecoin transactions New payment channels in US, EU, and Canada focus on remittance corridors Network foundation repurchases significant token allocation from early investors Platform bridges traditional banking systems with blockchain settlement technology Infrastructure aims to serve financially underserved populations in developing nations Movement has obtained regulatory approval for licensed payment infrastructure spanning the United States, European Union, and Canada. This strategic expansion reinforces the network’s commitment to stablecoin-based settlement systems, international money transfers, and dollar-denominated savings solutions. The initiative specifically addresses markets where conventional financial systems impose significant friction and expense.
Addressing the Global Remittance Challenge The network intends to bridge licensed financial infrastructure with blockchain-based settlement mechanisms to accelerate international money transfers. Movement now prioritizes remittance services, corporate treasury solutions, and banking products designed for populations with limited access to financial services. This represents a deliberate pivot from broad blockchain growth initiatives toward functional payment infrastructure.
The platform argues that existing financial networks continue to impose burdensome costs and delays on users worldwide. World Bank data indicates that remittance flows to developing and middle-income nations totaled $685 billion throughout 2024. Despite this massive volume, senders faced average transaction fees of 6.36% for cross-border transfers.
Movement seeks to eliminate these inefficiencies by leveraging stablecoin settlement technology combined with regulated partner channels. The infrastructure enables financial technology companies and digital banks to offer payment services, dollar-based savings accounts, and interest-bearing products. Importantly, this approach minimizes dependence on traditional correspondent banking relationships and prefunded nostro accounts.
Foundation Executes Strategic Token Buyback The Movement Network Foundation recently acquired approximately 19% of tokens that had been distributed to initial backers. This repurchase represented roughly 4.2% of the entire token circulation. The foundation characterized this action as aligned with its commitment to token holders and payments infrastructure development.
The company has not publicly identified the specific regulated entities providing access to its payment channels. However, it confirmed that the infrastructure encompasses significant markets throughout North America and the European region. This access creates pathways between conventional banking infrastructure and decentralized settlement networks.
Movement has reinforced this approach through multiple ecosystem collaborations. KAST has onboarded more than 18,000 verified participants spanning over 160 nations using Movement-enabled products. Additionally, Circle deployed USDCx on the platform as a stablecoin with one-to-one backing by native USDC reserves.
Stablecoins Emerge as Critical Financial Infrastructure Digital dollar tokens have become foundational to numerous blockchain expansion initiatives. Movement aligns with ecosystems including Solana, Polygon, and Aptos in emphasizing payments and financial services infrastructure. This shift positions blockchain platforms in direct competition with established settlement and money transfer networks.
The platform has cultivated partnerships across savings products, yield generation, digital wallets, and tokenized tangible assets. Sorted Wallet, Yuzu Money, Oro, Avant Protocol, and Zoth contribute various components to this technology foundation. These solutions encompass mobile-accessible wallets, dollar-based returns, precious metal storage, and institutional-quality real-world asset yields.
Movement’s strategic reorientation follows the passage of the GENIUS Act, which established regulatory clarity for payment stablecoins in the United States. The legislation intensified attention on compliant stablecoin offerings and reserve-backed financial instruments. Movement now frames its payment infrastructure as connecting regulated traditional finance with blockchain-based settlement technology.
Oliver Dale
Editor-in-Chief of Blockonomi and founder of Kooc Media, A UK-Based Online Media Company. Believer in Open-Source Software, Blockchain Technology & a Free and Fair Internet for all. His writing has been quoted by Nasdaq, Dow Jones, Investopedia, The New Yorker, Forbes, Techcrunch & More. Contact [email protected]
Movement, a blockchain network built on the Move programming language that is expanding into stablecoin payments and financial infrastructure, has announced it now has access to licensed payment rails across the United States, Canada, and the European Union. The company aims to use this development to strengthen its cross-border payment services, particularly targeting emerging markets.
Bridging traditional finance and stablecoin networksAccording to Tuesday’s announcement, Movement intends to use this payment infrastructure to connect the conventional banking system with stablecoin settlement networks. The focus is on cross-border remittances and treasury services in regions where transaction costs remain high and financial inclusion is limited. Movement is known in the sector as a blockchain ecosystem built upon the Move programming language.
Mini glossary: Settlement refers to the process by which a payment is finalized and becomes irreversible between parties. Stablecoin settlement means carrying out this process using digital assets pegged to a fixed value.
The company did not disclose its partners or the regulated entities which are providing access to payment rails. However, it emphasized that the new infrastructure will streamline fund transfers between traditional payment networks and blockchain systems. The statement underlined a preference for stablecoin-based settlements rather than fully crypto-native transfers.
Movement has announced plans to use its licensed payment infrastructure to bridge the gap between traditional banking and stablecoin settlement networks, supporting cross-border transactions where costs are high.
Token buyback details revealedAlongside the payment infrastructure focus, the company has also reported a token buyback. The Movement Network Foundation disclosed it repurchased around 19% of the tokens previously allocated to investors, an amount representing about 4.2% of the total token supply.
According to data from CoinMarketCap, the market capitalization of MOVE tokens has fallen from a peak of roughly $2.5 billion to $54 million. The company did not provide additional details explaining the reasons behind this sharp decline.
The Movement Network Foundation has reported the purchase of approximately 19% of investor-allocated tokens, corresponding to 4.2% of the total supply.
Industry shifts toward stablecoin-focused growthMovement’s new direction reflects a wider trend in blockchain. Networks that started as smart contract platforms are increasingly focusing on stablecoin payments and financial infrastructure in recent months.
Solana, after gaining recognition for its decentralized finance and consumer apps, has spotlighted stablecoin payments and remittances in recent months. Polygon, an Ethereum layer-2 solution, is also emphasizing stablecoin settlement and payment innovations beyond its original scaling mission. Another Move-based network, Aptos, sees payments, consumer finance, and stablecoin use cases as core to its growth strategy.
This industry shift comes at a time when stablecoins remain one of the fastest-growing segments in digital assets. In the US, the GENIUS Act passed last year introduced a federal framework for payment-focused stablecoins. According to DefiLlama data, the total stablecoin market has surpassed $320 billion.
The growing focus on payment infrastructure coincides with a period of uncertainty in crypto markets. Data from TRM Labs indicates that global cryptocurrency trading volume dropped 11% year-over-year in the first quarter, signaling a slowdown in market activity and investor demand.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Our Global Hubs are a big step toward a decentralized, globally connected ecosystem. We're calling all passionate community leaders and builder teams worldwide. Come start a Hub and cultivate a vibrant Movement tribe in your region.
What is this Program AboutThis program is about fostering strong local communities of builders, talents, investors, and users. We're looking to cultivate a thriving developer ecosystem on Movement and drive widespread adoption. Essentially, we're building a global network of 12+ Movement Hubs, nurturing leaders and giving them opportunities to grow with us.
The first wave begins in these dynamic cities, with these leaders:
Hanoi: @MovementHubHN led by @Kite_Labs, @hason61vn
HCMC: @MovementHubHCMC led by @arkaiworld
Jakarta: @MovementHubJKT led by @0xRyzzu, @Cikyyy2
Taipei: @MovementHubTPE led by @idotsol, @pennylu_0018
Istanbul: @istmovement led by @furkastronomy, @hayimsadioglu
Frankfurt: @movementhub_de led by @gorilla_zadam
Each Movement Hub will have a branded physical location. Imagine local meetups, virtual events, and a central point for all things Movement in your city.
The day-to-day activities of a Movement Hub will involve building a following, sharing the latest Movement news, advocating for Move and Movement, tailoring our message to the local context, and onboarding developers, users, and investors into the ecosystem. Beyond these core activities, Hubs will also play a crucial role in promoting the Movement network regionally by partnering with universities, institutions, and more.
After wave one, Movement Hubs will expand to more cities.
Get InvolvedMovement is a true Movement. People come first. We're encouraging collaboration between community members and personal growth. If you're eager to get involved with a wave-one Hub, ping its leader.
If you have hustle and long-term vision, perhaps you can grow the next Movement Hub. We're seeking community organizers experienced in managing crypto communities, developer teams with strong technical expertise, and even VCs/incubators connected to local startup and investment ecosystems.
Our Hubs will begin listing events on their respective social media pages. Keep your eyes peeled for a lot more activity in the Movement ecosystem.
And trust us, there’s much more exciting news coming your way. Stay tuned. Get ready to witness an explosion of innovation and collaboration as we build the future of Movement, together.
For years, the U.S. crypto industry operated under the shadow of “regulation by enforcement,” a landscape defined by shifting agency press releases and sudden lawsuits rather than clear rules. A massive turning point arrived in July 2025 when the Trump Administration’s pro-crypto stance coalesced into historic legislative action: the passage of both the stablecoin-focused GENIUS Act and the landmark CLARITY Act by the House. Suddenly, a new regulatory future for digital assets seemed entirely within reach.
However, that momentum came to a screeching halt when the bill reached the U.S Senate. For nearly five months, from January through early May 2026, the CLARITY Act stalled out in the Senate Banking Committee. While the Senate Agriculture Committee managed to pass its own version along strict party lines, Banking was stopped by fierce, gridlocked disputes over stablecoin yield provisions and regulatory oversight.
That deadlock finally broke in May. The Senate Banking Committee held a markup vote on CLARITY, allowing it to move forward. As of June 1, the bill was placed on the full Senate floor calendar. With this important announcement, a wave of new hope has swept the industry, even as the legislative window to secure a final vote remains short.
1. The CLARITY Act Clears Senate Banking After Months of Gridlock The most important progress for the month of May dropped on May 14, 2026, when the Senate Banking Committee voted 15-9 to advance the substitute text of the Digital Asset Market Clarity Act (The CLARITY Act). The vote marked a major breakthrough for a bill that had sat frozen since January due to intense disputes over stablecoin yield limits and regulatory boundaries.
The markup session delivered a distinctively fast-paced, news-style political drama. To the surprise of many onlookers, the bill secured crucial bipartisan momentum, drawing "Yes" votes from moderate Democratic Senators Ruben Gallego and Angela Alsobrooks.
However, the passage was hard-fought, facing resistance from the committee’s progressive wing. Senator Elizabeth Warren led a staunch block of Democrats who voted "No," warning that the bill went too far in rolling back consumer protections and loosening banking guardrails.
Despite the rhetorical battle on the committee floor, the bipartisan coalition held, successfully voting the bill out of committee and sending it to the full Senate.
2. Executive Orders: Turbocharging Fintech Integration Five days after the Senate Banking vote, the administration provided the executive muscle to match Congress’s legislative momentum. On May 19, President Trump signed the Executive Order titled "Integrating Financial Technology Innovation into Regulatory Frameworks."
The order sets an aggressive national policy to dismantle legacy barriers to entry, openly stating that fragmented, outdated regulations favor incumbent banks. It tasks federal financial regulators with a mandate to review and update rules to foster seamless integration between fintech innovators and traditional banking rails.
The Order formally requests that the Federal Reserve evaluate the legal and policy frameworks surrounding its payment systems. The explicit goal is expanding direct access to Reserve Bank master accounts and instant payment services for non-bank fintech firms and eligible digital asset issuers.
To disarm critics who argued that the order would invite illicit finance, the White House simultaneously released a sister order: "Restoring Integrity to America's Financial System." This dual-track strategy paired aggressive financial innovation with heightened, Treasury-level anti-money laundering (AML) tracking, providing a balanced, ironclad framework that standard political opposition could not easily tear down.
The Four-Week Countdown Begins The hyper-activity of May culminated on June 1, 2026, as structural floor scheduling kicked off to officially place the CLARITY Act onto the full Senate Legislative Calendar. Not finding a space on the Senate calendar had been a worry of observers for weeks as the legislative window became smaller by the day.
Because of the upcoming summer recess and the looming November midterm elections, the industry faces an incredibly tight four-week window to secure the 60 floor votes necessary to pass the full Senate. If the bill doesn't cross the finish line before July, Washington's historic May breakthrough risks being lost within election-year politics, leaving the future of the bill questionable.
The crypto market will welcome tokens worth more than $634.89 million in the second week of June 2026. Major projects, including HOME (HOME), HumidiFi (WET), and Magic Eden (ME), will release significant new token supplies.
These unlocks could introduce market volatility and influence short-term price movements. So, here’s a breakdown of what to watch.
1. HOME (HOME) Unlock Date: June 10 Number of Tokens to be Unlocked: 750 million HOME Released Supply: 3.78 billion HOME Total supply: 10 billion HOME HOME is the native token of DeFi.app, a self-custody “everything app” for swaps, perps, and yield across chains. The platform uses HOME for gas abstraction, governance, and fee buybacks.
On June 10, the network will unlock 750 million HOME, worth about $23.56 million at current prices. The release equals 19.79% of the released supply.
HOME Crypto Token Unlock in June. Source: TokenomistCore Contributors will receive 500 million HOME from the unlock. Early Backers will claim the remaining 250 million HOME.
2. HumidiFi (WET) Unlock Date: June 9 Number of Tokens to be Unlocked: 256.67 million WET Released Supply: 230 million WET Total supply: 1 billion WET HumidiFi is a Solana-based decentralized exchange. WET is the network’s native token. The protocol integrates with Jupiter, DFlow, Titan, and OKX Router, serving as a key liquidity layer for the network.
HumidiFi will release about 256.67 million WET, worth roughly $14.66 million, on June 9. The unlock accounts for around 111.59% of the released supply.
WET Crypto Token Unlock in June. Source: TokenomistThe supply spans several stakeholders. HumidiFi will give 106.67 million altcoins to the Foundation. Labs will get 83.33 million tokens. Lastly, the team will allocate 66.67 million tokens towards the ecosystem.
3. Magic Eden (ME) Unlock Date: June 10 Number of Tokens to be Unlocked: 172.03 million ME Released Supply: 506.9 million ME Total supply: 1 billion ME Magic Eden is a multi-chain marketplace, and ME is its native utility and governance token. It started as the dominant NFT marketplace and has since expanded.
On June 10, Magic Eden will release 172.03 million ME, worth roughly $10.36 million. The release equals about 33.99% of the released supply.
ME Crypto Token Unlock in June. Source: TokenomistThe bulk of the unlock flows to contributors. They will receive 162.19 million ME. Strategic Participants will gain 2.88 million ME. The team will also allocate the remaining 6.96 million tokens to Community & Ecosystem.
Besides these three, other prominent token unlocks that investors can look out for in the second week of June include Aptos (APT), Babylon (BABY), and Movement (MOVE).
Cross-border payments and yield products for emerging markets share a specific problem: the people who need dollar savings most are the least equipped to navigate decentralized finance. They aren't going to learn how to bridge assets or manage gas tokens just to access a savings product. The friction wins, and they walk away.
That's why Movement is integrating NEAR Intents, developed by Defuse Labs, to remove that friction entirely.
What NEAR Intents DoesNEAR Intents abstracts the entire cross-chain routing process. Users state what they want. An open network of automated solvers scans 20+ chains, finds the fastest and cheapest route, and executes. The heavy lifting happens in the background.
For builders, connecting to other chains traditionally means deploying and maintaining complex smart contract bridges for every single network they want to reach. NEAR Intents replaces that overhead with a universal adaptor via one integration to allow instant connectivity across every connected chain.
Why Movement Is Integrating ItPartners offering yield products on Movement will be able to accept eligible deposits from any connected chain, with no change to how users transact. A user on Tron, Ethereum, or Polygon will then be able to deposit their preferred asset, the intent engine will route it, and it will deliver assets to arrive on Movement. On Movement, that balance can earn frictionless stablecoin yield, no matter which chain it started on.
Why It Matters for the People Movement Is Building ForMovement's partners are building for users in the Global South (Nigeria, Pakistan, Ethiopia, the Philippines, Indonesia, and more) who aren't crypto-native. They no longer need to learn how to bridge assets, but they will be able to open a neobank app that earns yield on their dollar balance without ever asking them to understand how. NEAR Intents routes assets and settles the transfer in the background, the asset arrives on Movement and the user earns yield.
741 million people now hold crypto globally, up 12.4% in the last year. Most are passive holders sitting on assets that aren't working. An intent-based system changes that without changing their behavior: they state a goal, and the solver network handles the rest.
What Comes NextPartners connect once through a single API and their users get access to yield and payment infrastructure across every connected chain, without touching a bridge, managing gas, or switching networks. The financial engine runs underneath - that’s where Movement lives.
Move is for Money.
###
This post is for informational and educational purposes only and does not constitute an offer to sell, or a solicitation of an offer to buy, any digital asset, security, financial instrument, or stablecoin, or financial, investment, legal, or tax advice. NEAR’s products and services described in this post are made available solely by NEAR, are subject to NEAR’s terms and to applicable law. Movement does not provide payments, money-transmission, custody, or stablecoin services. Stablecoin transfers and payments involve risk, including risk of loss. This post is not directed at, and is not intended for distribution to, persons in jurisdictions where its publication would be unlawful. Forward-looking statements reflect Movement's current expectations and are not guarantees; actual outcomes may differ.
Stablecoin products often look simple from the outside. A user sees a dollar balance, a send button, a checkout flow, a payout, or a treasury transfer. Under the surface, the operator is coordinating a stack of product, compliance, custody, asset, liquidity, orchestration, settlement, reconciliation, and support systems.
The stablecoin app stack includes the user product, wallet or custody layer, stablecoin asset, cash-in and cash-out ramps, liquidity and FX, compliance controls, transaction orchestration, settlement infrastructure, observability, reconciliation, and customer support. Infrastructure choices matter most where value-bearing state, permissions, settlement logic, and operational reviewability sit. This is where Movement provides the execution and settlement infrastructure layer, offering builders Move-based asset logic, programmable financial workflows, and application environments for stablecoin products, and vault infrastructure.
A stablecoin app is not one wallet on one chainMost stablecoin apps are described by what the user sees: hold dollars, send dollars, receive a payout, pay a merchant, move treasury balances, or settle with a counterparty. That surface can feel familiar, especially when the app hides addresses, network choices, and token mechanics behind a fintech-style experience.
The operating reality is different. A stablecoin app is a stack. The user sees a balance. The operator manages identity checks, custody decisions, issuer exposure, local payment methods, FX, liquidity, transaction routing, settlement, ledgering, monitoring, failed-payment handling, and support.
That distinction matters because a blockchain or execution environment is only one part of the product. It can be a critical part, especially when financial state and application logic live there, but it is not the whole payments product.
What is the stablecoin app stack?
Figure 1. The stablecoin app is a stack, not one wallet on one chain.
A stablecoin app stack is the set of product, compliance, liquidity, and blockchain infrastructure layers required to let users or businesses hold, send, receive, spend, or settle value using stablecoins.
At the top is the user product: the wallet, account, merchant checkout, card experience, payroll flow, remittance app, or treasury dashboard. Beneath it sit identity and compliance controls such as KYC, KYB, sanctions screening, transaction monitoring, limits, and audit trails. The wallet and custody layer determines how keys, permissions, recovery, custodians, embedded wallets, MPC systems, smart accounts, or self-custody fit the product.
The stablecoin asset layer introduces another set of decisions: which issuer, reserve model, redemption path, supported networks, token standard, and risk model the product relies on. Cash-in and cash-out then connect the app to bank accounts, cards, local payment methods, mobile money, payment processors, or other payout systems. Liquidity and FX determine whether the product can convert value at acceptable spreads, in the right markets, at the right time.
Orchestration connects these layers. It may include transaction routing, batching, gas abstraction, retries, balance management, bridging where applicable, and workflow logic. The settlement and execution layer is where smart contracts, asset logic, and state transitions may live. Finally, reconciliation, observability, risk operations, and support help the operator understand whether the app ledger, on-chain transactions, fiat partners, and user-facing balances all match.
The front end, the money movement, and the operational truth are different systemsA consumer wallet, a fintech dollar account, a B2B settlement tool, and a developer protocol can all use stablecoins, but they do not expose the same stack to the user.
In a consumer wallet, the user may directly hold tokens and choose when to send them. In a fintech app, the user may see an account balance while stablecoins move in the background as a settlement or treasury rail. In a B2B flow, stablecoins may move between institutions, liquidity providers, or regional payout partners. In a protocol, smart contracts may coordinate escrow, fees, payout splits, collateral, or settlement events.
The product design question is not simply “which chain should we use?” It is “which parts of the product should users see, which parts should operators control, and which parts should infrastructure make reliable, auditable, and programmable?”
Where infrastructure choices matterInfrastructure choices matter most where the app handles value-bearing state. Stablecoin applications need explicit rules for assets and balances. Transfers need predictable execution and clear failure handling. Developers need to reason about permissions, escrow, fees, limits, and settlement state. Operators need observability for accounting, compliance review, and incident response.
The execution layer is also where composability can matter. A product may need contracts that coordinate multiple actions: receiving a stablecoin, applying a fee, holding funds in escrow, releasing a payout, updating a settlement record, or exposing events to an internal ledger. If that logic becomes difficult to inspect or reason about, the rest of the app inherits operational risk.
This is the context in which Move-based infrastructure becomes relevant. Move’s resource-oriented model is designed around explicit handling of digital assets and ownership. For stablecoin app builders, that can help frame how assets, permissions, and state transitions are modeled in application logic. This should be understood as a developer and architecture benefit, not a guarantee that any app is automatically safe, compliant, cheaper, or free of operational risk.
Where Movement fits
Figure 2. Where Movement fits: programmable execution and settlement logic, bounded from issuer, wallet, ramp, compliance, liquidity, and support layers.
Movement fits at the execution and settlement infrastructure layer of the stablecoin app stack. It is relevant when builders need Move-based infrastructure for financial application logic: asset handling, permissions, balances, escrow, settlement workflows, and composable smart contract systems with secure vault infrastructure.
That role is important, but it is intentionally limited. Movement is not the issuer of the stablecoin. It is not the bank account, the on-ramp, the off-ramp, the compliance provider, the custodian, the liquidity venue, the payment processor, or the customer-support operation. Those layers still need to be selected, integrated, monitored, and governed by the product team.
Consider a global payout app like Zoth. A contractor signs up, passes the required identity checks, and receives a dollar-denominated payout from a platform. The app may show a simple balance and let the contractor choose whether to hold value, transfer it, or withdraw through a local payout method.
Behind that experience, the operator may need to accept funds from a platform, represent value in an internal ledger, convert or settle using a stablecoin, route the transaction through an execution environment, apply fees or escrow rules, connect to liquidity providers, and coordinate local payout. The operator also has to reconcile the app balance, on-chain movement, banking or ramp activity, support events, and any failed or delayed steps.
Movement’s role in that example would be the execution and settlement logic: the place where Move-based contracts can help model asset movement, permissions, escrow, and settlement workflows. It would not, by itself, solve KYC, local payout availability, FX liquidity, issuer risk, custody policy, or customer support.
Figure 3. User simplicity versus operator reality: stablecoin settlement is one step in a longer payout, liquidity, reconciliation, and support flow.
The hard parts are often at the edgesStrong settlement infrastructure does not remove the edge problems of stablecoin products. Cash-in and cash-out availability still vary by market. FX spreads and liquidity can decide whether a product is affordable to operate. Compliance obligations depend on jurisdictions, counterparties, product design, and the role of each service provider. Custody and key management determine who can move funds, recover accounts, or approve transactions.
Stablecoin asset choice also matters. Issuer, reserve, redemption, supported network, depeg, and governance risks should be evaluated directly. Operators need to understand whether users hold tokens, claims against an intermediary, or balances represented in an internal ledger. Those distinctions affect disclosures, support, risk controls, and legal analysis.
Reconciliation is another common failure point. A user-facing balance, an app ledger entry, an on-chain transaction, a ramp event, a liquidity trade, and a bank movement may all describe different parts of the same payment. If those systems do not reconcile cleanly, users may experience delays, support teams may lack answers, and operators may struggle with accounting or compliance review.
What fintech and crypto teams should evaluateBefore choosing stablecoin infrastructure, teams should map the product from the user action to final operational reconciliation. Who is the user? What balance do they see? Which stablecoin asset is used? Who holds custody? What identity and transaction controls apply? How does money enter and leave the system? Which liquidity partners support the required corridors? What happens when a transaction fails? Which ledger is the source of truth?
Only after those questions are clear should the team evaluate the execution layer. At that point, Movement is relevant if the product needs Move-based application logic for assets, permissions, settlement workflows, and composability. The stronger the financial logic inside the app, the more important it becomes for developers and operators to reason clearly about state transitions.
Strong stablecoin products make the stack legible to builders and operators while keeping unnecessary complexity away from users. Users should not need to understand every issuer, route, ledger, contract, and reconciliation step to receive value. Builders, however, do need that map.
Closing thoughtStablecoin apps are not just wallets, tokens, or chains. They are layered products that combine user experience, compliance, custody, assets, ramps, liquidity, orchestration, settlement, reconciliation, and support. Movement fits into that stack as execution, settlement, and vault infrastructure for builders who need Move-based financial application logic. Strong stablecoin apps hide the rail from the user while making the infrastructure legible to developers, operators, and compliance teams.
FAQWhat is the stablecoin app stack?The stablecoin app stack is the set of layers required to let users or businesses hold, send, receive, spend, or settle value using stablecoins. It includes the user product, identity and compliance controls, wallet or custody layer, stablecoin asset, ramps, liquidity and FX, orchestration, settlement infrastructure, reconciliation, and support.
Where does Movement fit into the stablecoin app stack?Movement fits at the execution and settlement infrastructure layer. It is relevant when builders need Move-based asset logic, programmable financial workflows, smart contracts, vault infrastructure, and settlement environments for stablecoin products.
Is Movement a stablecoin issuer, wallet, ramp, or compliance provider?No. Movement should not be treated as the issuer, bank, wallet, custodian, on-ramp, off-ramp, compliance provider, liquidity venue, payment processor, or customer-support layer. Those functions remain separate parts of the stack.
What layers does a stablecoin app need besides a blockchain?A stablecoin app usually needs a user product, identity and compliance checks, custody or wallet infrastructure, an asset and issuer model, cash-in and cash-out routes, liquidity and FX, orchestration, reconciliation, observability, support, and risk controls.
Why does the settlement layer matter for stablecoin apps?The settlement layer matters because it can hold value-bearing state and execute application logic. It may define how balances, permissions, escrow, fees, transfers, and settlement events are handled. That makes it important for developers, operators, and risk reviewers.
How is a stablecoin wallet different from a stablecoin fintech app?A stablecoin wallet often lets users hold and transfer tokens more directly. A stablecoin fintech app may show a familiar account or payment experience while using stablecoins behind the scenes for settlement, treasury, or payouts. The architecture, custody model, disclosures, and operational responsibilities can be very different.
What is the difference between stablecoin settlement and a completed payment?A stablecoin transfer or on-chain settlement event can be one step in a payment flow. A completed payment may also depend on compliance checks, liquidity, FX, local payout, cash-out, user notification, and reconciliation between internal and external systems.
Why do liquidity and off-ramps matter in stablecoin apps?Liquidity and off-ramps determine whether users or businesses can convert value when and where they need it. A product can have strong on-chain execution but still fail if spreads are too high, local payout is unavailable, or conversion depends on unreliable partners.
How can Move-based infrastructure help stablecoin app builders?Move-based infrastructure can help builders model assets, ownership, permissions, and state transitions explicitly in application logic. For stablecoin apps, that is relevant to balances, escrow, fees, settlement events, and composable financial workflows.
Does Movement make stablecoin apps automatically compliant or risk-free?No. Compliance, risk controls, custody, asset selection, liquidity, disclosures, support, and jurisdiction-specific obligations remain separate product and operational responsibilities. Movement’s role is infrastructure for execution and settlement logic, not a guarantee of compliance or risk removal.
What should fintech teams evaluate before building on stablecoin infrastructure?Teams should evaluate the user experience, custody model, stablecoin asset and issuer risk, cash-in and cash-out routes, liquidity and FX, compliance obligations, ledger design, support model, failure handling, and reconciliation process before choosing the execution layer.
What parts of the stablecoin app stack should users never have to see?Users should usually not have to understand every contract, route, ledger entry, liquidity provider, gas mechanic, compliance workflow, or reconciliation step. Builders and operators need that visibility so the product can feel simple without hiding operational risk from the team.
DFNS now supports Movement with full Tier-1 integration. Any institution on DFNS can provision wallets, move the network's native asset and Move-standard tokens, execute Move smart contracts, and track transactions across their full lifecycle on Movement. DFNS runs onchain operations for more than 400 institutional clients across 60-plus networks. Movement now sits alongside the rest of them.
Why Remittances Matter HereRemittances to low and middle-income countries reached $685 billion in 2024. Most of that money still takes two to five days to clear through correspondent banking. Movement settles those transfers in seconds and removes the pre-funded float. But speed alone doesn't solve the operating problem. Fintechs and neobanks also need accounts that track activity, controls that enforce policy before transactions execute, and reporting that satisfies a regulator. That's what DFNS adds to Movement.
What DFNS brings to MovementDFNS is a core banking platform for digital assets. In traditional banking, a core banking system runs accounts, payments, and reporting. DFNS does the same thing but for blockchain networks. It sits between an institution's business logic and the networks it uses. On Movement specifically, DFNS handles custody, payments, treasury, and tokenization through Wallet-as-a-Service. It manages the full transaction lifecycle. It runs a policy engine that enforces limits, allowlists, quorums, and roles before anything executes. Governance and compliance sit in the execution path. Audit evidence is exportable.
Why This Matters For BuildersDFNS secures Movement accounts natively because its key infrastructure already supports Move's signing scheme. Builders get cleaner integrations. They get native signing from day one. They get access to the same platform that already runs their operations across 60-plus other networks. No workarounds. No retrofitting.
Why This Matters For Neobanks and Payment Providers Regulators check compliance before anything else. DFNS is a technology provider, not a custodian. Every wallet stays inside the institution's own regulatory perimeter and licensing framework. This matters because DFNS stays infrastructure. It leaves the customer relationship to the institution. Partners never end up competing with the company they built on.
The security record is concrete. Zero breaches since 2020. Zero key losses since 2020. SOC 2 Type II certification. ISO 27001 certification. Crime and cyber coverage through Beazley and Munich Re. Movement adds licensed payment rails across the US, EU, and Canada. Partners can move real money.
Why This Matters For UsersRemittances are expensive and slow in the corridors where people need them most. Every regulated product built on Movement through DFNS is another way to send money or earn safe dollar yield in regions where reliable financial infrastructure is still rare.
The Business Logic
DFNS spent its early years solving key management and signing. It built out the operating layer institutions need around that signature. In June 2024, it renamed itself from wallet infrastructure to core banking platform. The name now matches what it does. Moving digital assets on Movement now means you can run full institutional operations on a fast blockchain network.
Regulatory Notice
This post is informational only and does not constitute an offer or solicitation of any digital asset, security, financial instrument, investment product, or stablecoin, or financial, investment, legal, or tax advice. DFNS's products and services are operated solely by DFNS, subject to DFNS's terms and applicable law. Products built on Movement Network by independent partners are operated by those partners subject to their own terms, eligibility criteria, and jurisdictional availability, and may not be available to US persons or in jurisdictions where prohibited. Product and performance descriptions reflect publicly available information and have not been independently verified. Forward-looking statements reflect current expectations and are not guarantees
SPX6900 has become one of the most talked-about meme assets of 2026. Built around a satirical vision of “flipping the stock market,” the token has attracted a loyal community and significant speculative attention throughout the year.
Recent exchange developments have only intensified that interest.
At the same time, another trend is unfolding across crypto markets. Investors are increasingly allocating capital toward artificial intelligence ecosystems rather than relying exclusively on traditional meme narratives.
This shift has helped projects like MemeToro ($MT) emerge as one of the most closely watched AI-focused presales heading into Q3 2026.
Why SPX6900 Is Back in Focus SPX6900 recently received a major boost from exchange expansion.
Listings on both Upbit and Bithumb dramatically increased visibility across Asian markets and helped trigger a significant surge in trading activity. Volume accelerated sharply following the listings as new liquidity entered the ecosystem.
The price reaction was immediate.
SPX recorded a notable rally as traders responded to the increased accessibility and market exposure. Since then, attention has remained elevated as investors speculate about the token’s next major move.
Current trading activity remains relatively stable.
The asset continues trading near the $0.364 to $0.370 range while maintaining support from broader community participation and speculative interest.
What Analysts Are Watching Next Momentum remains the key variable for SPX6900.
Market participants are closely monitoring whether recent exchange-driven demand can evolve into a more sustained trend. Several forecasting models suggest the token could revisit higher levels if favorable market conditions persist. Some traders continue targeting recovery scenarios extending toward the $0.452 to $0.510 range.
Others remain focused on longer-term possibilities that could emerge if additional exchange catalysts arrive and broader market sentiment improves.
However, SPX remains heavily dependent on attention. Like many meme-focused assets, its performance is closely tied to community activity, trading momentum, and investor enthusiasm.
That dynamic creates both opportunity and uncertainty.
Why Capital Is Rotating Toward AI Projects While meme coins continue attracting attention, artificial intelligence has become one of crypto’s strongest narratives.
The Web3 AI and autonomous agent economy currently commands between $26.6 billion and $27 billion in market value. Long-term projections suggest the broader sector could expand toward $52 billion by 2030.
This growth is changing investor behavior.
Many participants are now looking for projects capable of combining strong narratives with practical utility. Instead of relying entirely on sentiment, they want ecosystems that encourage ongoing participation and product usage.
That shift has helped AI-focused projects attract increasing amounts of capital throughout 2026.
What MemeToro Actually Brings to the Market MemeToro approaches the market from a different angle than SPX6900.
The MemeToro ecosystem combines four strong blockchain features fueled entirely by the multi-purpose $MT token. At its core, an autonomous AI agent scans live data streams to launch viral memecoins fairly without developer interference.
Traders can swap or mint these custom tokens through a clean dashboard. For continuous action, the platform features decentralized prediction markets where you can monetize real-world insights, alongside a global blockchain casino that uses $MT for nonstop gameplay.
Backed by a curated trend news portal and high-yield staking, MemeToro is the ultimate community playground.
MemeToro Ecosystem: Launch Viral Tokens and Earn High-Yield Staking Rewards MemeToro ($MT) delivers a complete crypto hub built on the BNB Chain. The platform features an autonomous AI agent that launches fair, developer-free memecoins instantly using live data.
Beyond token creation, you can grow your crypto holdings through high-yield staking rewards, play in an onchain casino, and wager on global events in prediction markets.
Every piece runs on the $MT token, which gives you real utility and several different ways to grow your portfolio in one place. It is the perfect all-in-one hub built to reward the modern crypto community.
As investors evaluate opportunities ahead of Q3 2026, the contrast between attention-driven meme assets and utility-focused AI ecosystems is becoming one of the defining themes shaping capital allocation across the market.
More Information on MemeToro ($MT) Presale Here:
Website: https://memetoro.com/
X: https://x.com/memetoro_mt
Telegram: https://t.me/memetoro_mt
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Changpeng Zhao, better known in the crypto industry as CZ, is joining artificial intelligence startup Vana as an advisor.
YZi Labs, the venture capital firm recently rebranded from Binance Labs, announced the strategic investment and CZ advisor on Feb. 24.
“We’re thrilled to announce YZi Labs’ strategic investment in Vana and to welcome CZ as an advisor as we advance the Data Layer for AI alongside our expanding DataDAO ecosystem,” Vana posted on X.
The move is part of YZi Labs’ investment in Vana, the first the CZ-led firm is taking in an AI protocol since the rebranding early this year. According to the announcement on Feb. 24, YZi Labs’ backing and CZ’s role as advisor will help Vana expand its reach as a layer 1 blockchain for AI data and interoperability.
YZi Labs and CZ’s bet on AI, blockchain and biotech CZ, the founder and former chief executive of Binance, is making a huge comeback in the crypto industry following his release from U.S. custody.
Before doing his four-month prison time, Zhao had agreed to step down as Binance CEO. This came as he pleaded guilty to money laundering violations in November 2023, with Binace agreeing a $4.3 billion settlement with U.S. authorities.
While he returned to the crypto scene following his release, his plea deal with the U.S. Department of Justice meant he could not return as CEO of the crypto exchange. Zhao confirmed this during the Binance Blockchain Week in Dubai in November.
However, he reiterated his plans of focusing on other things in crypto. Apart from the crypto education initiative with Giggle Academy, he said he looked forward to participating more in the investment space. The three major areas he sought to dive into were blockchain, AI and biotech.
Taking the helm of Binance Labs, now YZi Labs, aligns with this ambition. After a recent $16 million investment in token airdrop platform Sign, YZi Labs is eyeing AI growth with Vana.
Vana, an open protocol for data sovereignty, looks to bring the benefits of blockchain technology and staking to data creators amid growth in the AI economy. Businesses, researchers and developers can leverage the L1 for high quality datasets while remaining in control of their data.
Commenting on the development, YZi Labs director of investment Andy Chang noted:
“Data sovereignty is becoming a critical issue as AI advances, and Vana is pioneering a model where individuals retain control over their data while enabling groundbreaking AI research. We’re excited to support their mission to redefine how data is accessed, shared, and leveraged in the AI economy.”
YZi Labs, previously known as Binance Labs, has made an investment in the crypto-AI startup Vana, which specializes in data ownership
YZi Labs, previously known as Binance Labs, has made an investment in the crypto-AI startup Vana, which specializes in data ownership. As part of this investment, Changpeng Zhao, the co-founder of Binance, has joined Vana as an advisor. This development highlights the growing intersection of artificial intelligence and cryptocurrency, as noted by various sources.
This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz.
Key NotesThe investment will help Vana develop its DataDAO ecosystem, incentivize data contributors, and accelerate adoption across its existing 16 DataDAOs.This strategic move represents YZi Labs' expansion beyond Web3 into AI and biotech, focusing on data sovereignty issues in artificial intelligence.VANA token surged 20% following the announcement, trading at $7.5 with increased trading volume, despite being down 77% over the past two months. YZi Labs, a top-tier venture capital firm formerly known as Binance Labs, has announced the first strategic investment into artificial Intelligence through the Vana (VANA) blockchain. Changpeng Zhao (CZ), co-founder of Binance Holdings, will join the Vana layer one (L1) chain as an advisor to aid the team in navigating through the global AI and blockchain industry.
Furthermore, Vana blockchain intends to develop and expand its DataDAO ecosystem with the newly acquired funds. Additionally, the newly raised funds will help the network accelerate the adoption of its 16 DataDAOs, incentivize new data contributors, and onboard more DataDAOs, among other developments.
“Data is a competitive advantage when it comes to training next-generation AI. As the space becomes increasingly dynamic, new entrants like DeepSeek are rapidly shaking up the status quo. Competing at this pace requires continuous access to high-quality private data, and that’s exactly where Vana comes in: we connect researchers and developers to the datasets that fuel AI innovation across industries,” Anna Kazlauskas, Creator of Vana, noted.
Binance Expands Beyond Web3 into AI Via Vana The strategic investment into the Vana network will help YZi labs and the entire Binance ecosystem expand into the fast-growing intersection of AI and blockchain technology. In August 2024, Binance announced a strategic investment in Sahara AI and MyShell (SHELL) to enhance the adoption of AI by web3 users.
“YZi Labs has expanded its focus beyond Web3 to include investments in AI and biotech, reflecting our commitment to pushing the boundaries of transformative innovation. Data sovereignty is becoming a critical issue as AI advances, and Vana is pioneering a model where individuals retain control over their data while enabling groundbreaking AI research.,” Andy Chang, Investment Director at YZi Labs, noted.
The strategic investment will strengthen both entities’ business outlooks amid the mainstream adoption of web3 protocols, digital assets, and AI technology. Following the announcement, VANA price rallied over 20 percent to trade about $7.5 on Monday, February 24, during the mid-New York session.
The small-cap altcoin, with a fully diluted valuation of about $933 million, recorded a 250 percent surge in its 24-hour average traded volume to about $174 million at the time of this writing. The recent rally is, however, far from obliterating the losses made in the past two months of about 77 percent drop.
Vana network is well positioned to grow exponentially with the support from YZi Labs and insights from CZ. According to Vanascan, the network has amassed nearly 1.3 million addresses, which have transacted over 35.4 million times.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
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With over four years of experience in covering and tracking the financial markets, Sneha Agrawal is a dedicated Crypto Journalist and Editor with passion for researching and writing the crypto pieces. She is currently leading the Block of Fame, here at CoinGape. She likes to keep track of political, legal and financial happenings all around the world - without which she deems her day incomplete. Apart from her Journalistic endeavours, she is a solo traveler, museum goer, and a keen reader of books.
On Feb. 26, Zuvu AI and Vana announced a partnership to enhance decentralized artificial intelligence in Bittensor. The goals are to create a more open, financially sustainable AI ecosystem.
Zuvu AI (formerly SocialTensor) brings its experience scaling four Bittensor (TAO) subnets, while Vana, recently advised by Binance founder Changpeng Zhao, contributes its pioneering user-owned data network.
This collaboration aims to test a new artificial intelligence development model, one that’s open, collaborative, and financially sustainable, by integrating key layers of the decentralized artificial intelligence stack.
Creating real-world value Art Abal, Managing Director at Vana Foundation, commented the partnership integrates Vana’s data layer, Bittensor’s subnet network, and Zuvu’s economy layer to improve Vana’s DataDAO ecosystem and address key challenges in AI development.
Zuvu powers the AI economy layer, allowing models, agents, and data to be invested in, staked, traded, and monetized, creating new opportunities in a rapidly growing market. This collaboration comes as the AI market is projected to reach trillions by 2032, according to the press release.
DeFi’s growing disruption The partnership’s integration into Bittensor is strategic, leveraging its incentive-driven network to scale AI development. By combining user-owned data with permissionless compute and economic incentives, the collaboration mirrors Decentralized finance’s disruption of traditional finance.
The partnership is expected to enhance Bittensor’s subnet diversity, support Vana’s DataDAO expansion, and position Zuvu as a leader in AI financialization, potentially influencing industry practices, according to Abal and Daniel Raissar, COO at Zuvu AI.
The partnership aligns with trends toward open-source artificial intelligence, as seen in Bittensor’s growth to 45 active subnets, and responds to calls for alternatives to centralized artificial intelligence giants.
An under-the-radar altcoin defied the wider crypto market slump and surged in price this week amid a new strategic investment.
Vana (VANA) is a layer-1 network for user-owned data.
[adinserter block="1"]
The project aims to allow users to contribute, tokenize, and share their data to create next-generation artificial intelligence (AI)-focused applications.
The project’s native asset, VANA, launched in December and is trading at $8.88 at time of writing. The 228th-ranked crypto asset by market cap is up nearly 3% in the past day and more than 37% in the past week.
VANA’s gains largely materialized after YZi Labs, formerly known as Binance Labs, announced a new investment in the layer-1 project. Binance founder Changpeng Zhao (CZ) also joined Vana as an advisor.
Explains YZi Labs,
“This marks YZi Labs’ first AI investment since its rebranding, reinforcing its expanded focus on transformative innovations beyond Web3, including AI and biotechnology. With CZ joining Vana as an advisor, the team is well-positioned to accelerate its vision of powering the next generation of AI breakthroughs.
The personal data economy is estimated to be worth $1 trillion, with 329 million terabytes of data expected to be generated daily by 2025. However, the vast majority of this value is captured by a handful of corporations rather than the individuals who create the data. Vana is changing this paradigm by introducing a programmable data sovereignty layer that enables individuals to decide who uses their data and how it is monetized.”
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Today, a handful of tech giants dominate the landscape, holding vast amounts of user data in their control. For years, this centralized control seemed inescapable—users had little choice but to surrender their information or lose access to essential services. Privacy, security, and fairness took a backseat. But now, a shift is underway.
Decentralized AI is emerging as a bold challenge to this status quo, aiming to put power back into the hands of people. Vana and Pundi AI are two projects that challenge this control. Both these projects shift power back to users, but tackle it differently.
Why Decentralized AI Matters: The Bigger Picture To understand Vana and Pundi AI, lets understand why today’s AI systems face serious hurdles:
Data Silos: Tech giants hoard data, limiting access for smaller innovators and slowing progress. Privacy Risks: Users rarely know how their data is exploited, fueling distrust. Biased Models: Without diverse, high-quality data, AI often mirrors societal biases, leading to flawed outcomes. So basically, you grant tech giants access to your personal data, which may be at risk of exploitation and the AI itself may not be as accurate when it comes to the end result—this is a recipe for disaster. Let’s explore how Vana and Pundi are turning things around.
Vana uses Data Liquidity Pools (DLPs)—big, open systems where data from millions gets collected, verified, and used to train AI models. Their core idea is simple: data should be free-flowing, and users should own the AI it powers, not corporations. Binance, with major funding, boosted Vana’s treasury to $1 billion in fully diluted value.
In 2025, Changpeng “CZ” Zhao joined as an advisor, bringing his financial and strategic know-how to push them further. Vana’s aim is to onboard 100 million users by 2027, and with steady investments, they’re gaining traction as a decentralized data player.
But Pundi AI takes a broader approach, building a complete AI economy. They don’t just pool data—they validate it, trade it, deploy it, and use it with precision. They’ve gathered 90,000 datasets from sources like Hugging Face and Kaggle, creating the largest AI data layer in Web3, supported by 3.5 billion AI tokens.
Unlike Vana, Pundi AI isn’t tied to centralized investors; its wealth is fully unlocked and community-owned. They operate across Base, EVM, and Cosmos chains for seamless cross-chain functionality, and their system includes data tagging, marketplaces, AI deployment tools, and a liquidity council to keep everything running smoothly.
Let’s compare the two projects and understand their key differences:
Feature Comparison: Vana vs. Pundi AI Feature Vana Pundi AI Data Platform ❌ No tagging platform ✅ “Tag-to-Earn” data validation Data Marketplace ✅ Yes ✅ Yes AI Agent Deployment ❌ No ✅ Pundi Fun AI Agent Market-Making Agent ❌ No ✅ AI-driven MM agent Cross-Chain Support ✅ Partial ✅ Full EVM + Cosmos Exchange Presence ❌ Limited ✅ Coinbase, Bitmart, Huobi Token Unlock Status ❌ Likely vested ✅ Fully unlocked FDV (Fully Diluted Valuation) $1B $250M Tag-to-Earn: Pundi AI’s validation process creates better data, critical for accurate AI—something Vana lacks. Cross-Chain Support: Pundi AI’s broader compatibility makes it easier to use across ecosystems. Deployment Tools: Pundi AI empowers users to build AI, while Vana stops at data contribution. The Two Approaches: Data Liquidity vs. Holistic AI Infrastructure
Vana has gained traction due to its model being centered around Data Liquidity Pools. A data liquidity pool is a decentralized system where individuals voluntarily contribute their personal data, which is verified and used to train AI models, enabling users to retain control and earn rewards.
This approach gives individuals ownership of their data, allowing them to contribute to and be rewarded for AI development. While this concept is valuable in liberating data from walled gardens, it primarily functions as a passive mechanism, aggregating, verifying, and storing information for AI model training.
Pundi AI, in contrast, takes a different route to the same problem, designing a fully integrated AI data ecosystem. Pundi provides a complete infrastructure that actively supports AI tagging, dataset trading, model deployment, and liquidity solutions. This multi-layered architecture not only ensures a seamless flow of high-quality AI training data but also positions Pundi AI as an indispensable hub for decentralized AI development.
Why This Matters: Broader Implications Pundi AI’s approach addresses key challenges in AI development, such as the need for high-quality, structured data and the ability to deploy models without centralized intermediaries. In contrast, Vana’s focus on data liquidity is valuable for breaking down silos, but it may not meet the needs of users seeking active engagement in AI creation. This unexpected detail—that Pundi AI caters to a more hands-on audience—could help it advance decentralized AI, especially given its lower FDV, suggesting room for growth.
With a valuation of $250M FDV, full cross-chain compatibility, a fully unlocked token economy, and established exchange listings, Pundi AI represents a significantly undervalued opportunity. As demand for high-quality, decentralized AI data continues to grow, Pundi AI’s full-stack approach positions it as the definitive AI data powerhouse, ready to meet the rising needs of the industry.
Conclusion and Future Considerations Pundi AI’s fully integrated AI data ecosystem means it offers an end-to-end platform for decentralized AI data management, covering collection, validation, trading, and deployment, unlike Vana’s narrower focus on data pooling and governance.
This approach positions Pundi AI as a potential leader in the space, but its success hinges on overcoming scalability and adoption challenges, which it aims to cover in due time.
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June will see three major token unlocks—ZKsync (ZK), Vana (VANA), and LayerZero (ZRO). These tokens will unlock nearly $133 million in newly circulating assets.
Overall, $2.4 billion worth of assets will be unlocked this month. These unlocks represent sizable portions of each project’s market cap and could influence short-term price dynamics. Here’s what to know.
1. ZKsync (ZK) Unlock Date: June 17 Number of Tokens to be Unlocked: 770 million ZK (3.67% of Max Supply) Current Circulating Supply: 3.675 billion ZK ZKsync is a Layer 2 scaling solution for Ethereum. It leverages zk-rollups to increase transaction throughput while preserving Ethereum’s base-layer security.
Also, ZK is the native token used for governance, staking, and transaction fees.
On June 17, 770 million ZK tokens—worth approximately $41.61 million—will be unlocked. Of that, 397.20 million tokens (11%) are allocated to investors, and 372.80 million tokens (11%) to team members.
ZK Token Unlock in June. Source: CryptorankThis unlock represents nearly 21% of the token’s market cap. ZKsync is currently trading at $0.05394, down 11% in the last week of May.
2. Vana (VANA) Unlock Date: June 16 Number of Tokens to be Unlocked: 5.19 million VANA (4.33% of Total Supply) Current Circulating Supply: 30.8 million VANA Vana is a decentralized data marketplace that lets users control and monetize their personal data. Its native token, VANA, powers platform access, rewards contributors, and governs network decisions.
On June 16, Vana will release 5.19 million tokens—valued at $35.25 million. The distribution includes 4.74 million tokens (8.98%) for community initiatives and 452.60K tokens (1.65%) for ecosystem expansion.
Meanwhile, the token is up 18% in the last week of May. So, this unlock could test bullish sentiment.
VANA Token Unlock in June. Source: Cryptorank3. LayerZero (ZRO) Unlock Date: June 20 Number of Tokens to be Unlocked: 24.68 million ZRO (2.47% of Total Supply) Current Circulating Supply: 111.15 million ZRO LayerZero is an omnichain interoperability protocol designed to connect disparate blockchain networks. Its ZRO token plays a key role in governance and may support future messaging or fee functionalities.
On June 20, LayerZero will unlock 24.68 million ZRO tokens. The unlocked assets will be worth roughly $56.72 million.
Overall, the allocation includes 12.88 million tokens (4%) for strategic partners, 10.20 million tokens (4%) for core contributors, and 1.60 million tokens (4%) for tokens repurchased by the team.
Meanwhile, ZRO is currently trading at $2.30, down 10% in the final week of May.
LayerZero Unlock in June. Source: CryptorankThese three unlocks represent a combined $133 million in token value entering the market. With substantial portions going to insiders and ecosystems, market participants should monitor distribution activity closely.
Short-term volatility may follow, especially in lower-liquidity trading environments.
Mind Network, a decentralized network designed to transform how data privacy and security run in the Web3 landscape, has announced a strategic collaboration with Vana, a decentralized platform that aims to put data ownership into users’ control.
Mind Network is a protocol that serves digital sectors that need strong data privacy and security standards, protecting all users’ data, AI, and smart contracts on Web3. It utilizes Fully Homomorphic Encryption (FHE) to protect AI and Web3 applications.
On the other hand, Vana is a decentralized AI-powered protocol that aims to provide users with complete control over their personal data.
The partnership between these two firms is to develop a Global AI health DataDAO, a decentralized tech system for health.
Mind Network × @vana
🤝 Mind Network is partnering with @vana to build the World AI Health DataDAO, a decentralized infrastructure built to support the future of Health.
The World AI Health DataDAO serves as a key component of the World AI Health Hub.
🧬 World AI Health Hub’s… pic.twitter.com/bu9j5tWUUs
— Mind Network (@mindnetwork_xyz) June 23, 2025 Vana Integrates Mind Network’s FHE The core of this collaboration involves the integration of Mind Network’s FHE with Vana’s distributed AI data network.
Mind Network’s FHE infrastructure will play an essential role for the Global AI health DataDAO, providing computing power on protected health data without revealing it. This ensures complete encryption for confidential data. Vana, on the other hand, will offer a foundational tech architecture for collecting and governing the protected data.
While Vana’s DataDAO network enables people to connect their health data safely, Mind Network’s FHE empowers encrypted artificial intelligence training on such a compiled, safeguarded confidential personal data repository. This establishes a data segment inside the Global AI Health system where health data remains protected in their entire lifetime while integrated with a trained AI model.
Putting Health Data Power into Users’ Hands The alliance between the two networks is essential for the Web3 landscape, particularly in the health sector. It resolves the major problem associated with user data control and confidentiality in the era of AI integration and usage.
By merging Mind Network’s FHE infrastructure with Vana’s DataDAO, this integration creates a system where people can individually manage their protected health data while still leveraging the advantages of AI use cases. This promotes user confidence and rewards them for sharing their data within the Global AI Health DataDAO.
The establishment of the Global AI Health DataDAO highlights a change in which digital users and market players embrace a more inclusive, fair, and confidential-focused data economy. Such a decentralized digital economy unleashes advancements and opportunities within health AI by establishing an open, safeguarded system for world health data sharing.
AUTHOR
Nicholas Otieno is a fintech writer specializing in cryptocurrency markets. Since 2019, he has written articles to educate readers about cryptocurrency and its substantial positive impact on global prosperity. Nicholas is a Bitcoin holder, believing firmly in its fundamentals. His work has been featured in publications such as Finance Magnates, Blockchain.News, Bitcoin Magazine, Coincub, and among others. When he's not writing, Nicholas enjoys performing domestic tasks, spending time with friends, listening to music, and watching football.
