> From Exchange to Self-Custody: Transfer Crypto to Trust Wallet in minutes
AnnouncementsPublished on: Jun 30, 2026
Share postIn BriefLearn how to move your crypto from a centralized exchange to Trust Wallet. Take control with self-custody, hold your own keys, and manage assets across 100+ chains.
Most people start their crypto journey on a centralized exchange, it's convenient, liquid, and familiar. But there's a difference between holding crypto and truly owning it. With a self-custody wallet like Trust Wallet, you hold your own keys and take full control of your assets across 100+ blockchains. Here's how to make the shift in minutes.
Download Trust Wallet
Why Move Off a CEX? When you keep crypto on an exchange, you're trusting that platform to protect your funds. The exchange holds your funds, meaning you're depending on their security measures and business practices.
Self-custody with Trust Wallet eliminates these risks. You hold your own private keys, giving you complete ownership and control of your crypto. Your assets remain secure under your direct control.
The responsibility of self-custody requires you to protect your seed phrase and follow security best practices. For crypto users, this trade-off may be worth the peace of mind and financial independence.
How to Get Started with Trust Wallet Trust Wallet is available as a mobile app for both iOS and Android devices. Visit the App Store (iOS) or Google Play Store (Android) and search for "Trust Wallet". Alternatively, Download and install the app.
Once you have the app installed, you can create a new wallet by following these simple steps:
Choose "Create a New Wallet" and review the Terms of Service and Privacy Policy.
Set a 6-digit password as your security code to access your wallet.
Back up your wallet by writing down the 12-word recovery phrase displayed on the screen. This phrase is crucial for restoring your wallet in case of loss or theft.
Confirm your recovery phrase by selecting each word in the correct order.
Step-by-Step: Using Deposit From Exchange Moving your crypto from Binance or Coinbase to Trust Wallet takes just a few minutes with the deposit from exchange feature. Here's a step-by-step guide on how to use Trust Wallet's 'deposit from exchange' feature:
Find and choose your desired crypto. We use Bitcoin (BTC) for this example.
Select "Receive" from the home screen.
Select deposit from exchange.
Choose from the exchange options available.
Log in to your centralized exchange account.
Initiate a withdrawal and select Bitcoin (BTC) as the withdrawal asset.
Choose the option to withdraw to an external Bitcoin wallet.
Paste your Trust Wallet BTC address and confirm the withdrawal.
Once submitted, the transaction will be processed on-chain. Funds typically arrive within minutes to a few hours, depending on network congestion.
What Makes Trust Wallet Different Trust Wallet stands out by offering true self-custody combined with user-friendly features, and gives you complete ownership of your digital assets. The wallet supports millions of tokens across 100+ blockchains, making it versatile for any crypto portfolio.
Trust Wallet's built-in Security Features protect your assets without compromising convenience. Trust Wallet encrypts your private keys on your device, and they never leave your control. When using Trust Wallet, you also benefit from the Security Scanner that warns you about potentially dangerous transactions before approving them.
Trust Wallet also goes far beyond safekeeping. Swap across 10M+ assets on 100+ blockchains, buy crypto with 110+ fiat currencies, and stake on-chain to earn rewards. And where available for those who want to go further, Trust Wallet supports perpetual futures trading with up to 200x leverage, prediction markets, and tokenized real-world assets, U.S. stocks and ETFs, accessible on-chain 24/7.*
Use your self-custody wallet to access the entire crypto ecosystem.
Safety reminder: Your recovery phrase is the master key to everything. No legitimate service ever needs it. If you lose it, no one can recover your funds for you, which is the cost of true ownership. Test any new wallet with a small amount before moving large sums.
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Disclaimer: Features referenced above are provided by independent third parties under their own terms; Trust Wallet does not provide, operate, control, or act as counterparty to those services. Availability of any feature varies by jurisdiction and is not offered where restricted or prohibited; the mention of a feature is not an offer or solicitation in any jurisdiction where it would be unlawful. Leveraged and derivative products carry extreme risk, including the total loss of your deposit and forced liquidation. Tokenized securities and real-world assets carry the risks of the underlying instruments and may not confer the same legal rights or protections as direct ownership. Content is for informational purposes and not investment advice. Web3 and crypto come with risk. Please do your own research with respect to interacting with any Web3 applications or crypto assets. View our terms of service.
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Note: Any cited numbers, figures, or illustrations are reported at the time of writing, and are subject to change.
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Key Takeaways Fiscal Q1 results are due Tuesday after market close, with consensus estimates pointing to a 5% revenue decline to $2.39 billion and EPS of $3.19, down roughly 1%. The company’s beer division posted 1% growth last quarter—the first positive result in multiple periods—though operating margins compressed from 36.6% to 33.2%. On Monday, Wells Fargo reduced its price objective from $185 to $170 while maintaining an overweight stance, suggesting potential upside of approximately 18.8%. Shares recently hovered around $141-143, falling about 2.2% Monday and trading significantly below the 52-week peak of $178.13. The beverage company continues divesting lower-performing wine assets while pursuing annual cost reductions exceeding $200 million by fiscal year 2028. Shares of Constellation Brands hovered near $143 on Monday, sliding 2.2% and remaining far from the 52-week high of $178.13. The beverage giant is scheduled to release fiscal first-quarter results following Tuesday’s closing bell, and market participants are focused on a single question: can beer sales maintain their nascent recovery?
Constellation Brands, Inc., STZ
Street expectations remain modest for the upcoming report. Consensus projections from analysts surveyed by FactSet anticipate revenue contracting 5% on a year-over-year basis to $2.39 billion, while earnings per share are forecast to edge down approximately 1% to $3.19.
Context is critical here. The alcoholic beverage industry has faced persistent demand headwinds for several years as consumers navigate tighter budgets. Constellation confronts additional challenges given that Hispanic consumers account for roughly half of its beer customer base, and this demographic has been particularly affected by affordability pressures and immigration policy uncertainty.
However, the previous quarter offered a ray of optimism. During the fiscal fourth quarter that concluded in February, beer revenue climbed about 1% compared to the prior year, marking the first increase after several consecutive declines.
Beer Division Demonstrates Tentative Recovery Company leadership highlighted emerging signs of stabilization among Hispanic shoppers. The Modelo brand continued expanding its market position, while Victoria beer has successfully attracted younger consumers in the 21-to-25 age bracket.
That represents the positive development. The challenge lies in profitability.
Beer operating margin contracted to 33.2% during the fourth quarter, down from 36.6% in the comparable year-ago period. Reduced sales volumes make it more difficult to absorb fixed costs, and aluminum can tariffs have added additional pressure.
Constellation has simultaneously pursued strategic restructuring across other business lines. The company has divested a significant portion of its mainstream wine portfolio to concentrate on higher-end offerings, while expanding its presence in imported Mexican beer, craft spirits, and low- and no-alcohol beverages to address shifting consumer preferences among younger demographics who are moderating alcohol consumption.
Management is targeting over $200 million in annual cost reductions by fiscal 2028 to counterbalance margin headwinds.
Wall Street Sentiment Remains Cautiously Optimistic Analyst opinions on the stock have diverged recently. Wells Fargo lowered its price objective from $185 to $170 on Monday while retaining its overweight recommendation, still implying roughly 18.8% appreciation potential from current trading levels.
Other financial institutions have adopted varying perspectives. Bank of America reduced its target to $152 with an underperform rating, whereas Barclays increased its objective to $170 accompanied by an equal weight view. Both Jefferies and Deutsche Bank maintain hold positions, with price targets of $157 and $155 respectively.
Overall, MarketBeat data indicates a consensus Moderate Buy rating with a mean price target of $172.21. The breakdown includes one Strong Buy rating, eleven Buy recommendations, eight Hold ratings, and two Sell opinions.
The company’s most recent earnings announcement on April 8th actually exceeded Wall Street forecasts. Constellation delivered $1.90 in EPS versus the $1.71 consensus estimate, despite revenue declining 11.3% year over year.
Regarding insider activity, EVP James O. Bourdeau divested 4,407 shares in mid-May at an average price of $143.24, reducing his holdings by approximately one-third. Institutional investors continue to dominate ownership, collectively controlling 77.34% of outstanding shares.
As the FUNToken ecosystem continues to expand, making $FUN more accessible remains a key priority. With a growing portfolio of $FUN mobile games, staking opportunities, community rewards, and new ecosystem features, FUNToken is committed to providing users with a simple and seamless way to participate.
Continuing this commitment, FUNToken has added WBTC (ERC-20) as a supported deposit asset.
Users can now deposit WBTC (ERC-20) and receive $FUN automatically through a seamless conversion process. Deposits are converted instantly with 0% conversion fees, eliminating the need for additional swaps and making it easier than ever to acquire $FUN.
Another Convenient Way to Access $FUN The addition of WBTC (ERC-20) further expands the range of supported assets available through FUNToken’s deposit system, giving users greater flexibility when acquiring $FUN.
The streamlined deposit process offers several benefits:
Automatic conversion from WBTC (ERC-20) to $FUN Instant conversion with 0% conversion fees No manual swaps or additional conversion steps A fast and seamless user experience WBTC now joins BTC, ETH, USDT (ERC-20), USDC (ERC-20), and DAI (ERC-20) as supported assets that can be used to acquire $FUN through the platform’s simplified deposit process.
Supporting a Growing Ecosystem As the FUNToken ecosystem continues to grow, expanding accessibility remains an important part of its long-term vision. By supporting additional digital assets, FUNToken enables more users to enter the ecosystem using the assets they already hold while removing unnecessary complexity from the process.
Whether users are exploring the expanding lineup of $FUN mobile games, participating in staking, or engaging with community rewards and ecosystem features, acquiring $FUN is designed to be straightforward and efficient.
The addition of WBTC (ERC-20) represents another step in FUNToken’s ongoing commitment to improving accessibility and creating a better user experience. As the ecosystem continues to evolve, users can expect continued enhancements that make participating in the $FUN ecosystem simpler, faster, and more convenient.
About FUNToken FUNToken is powering a rapidly expanding Web3 gaming ecosystem where $FUN connects mobile gaming, staking, rewards, and community engagement into a seamless user experience. With a growing portfolio of $FUN games, flexible ways to acquire $FUN, and continuous ecosystem enhancements, FUNToken is making digital rewards more accessible while creating new opportunities for users to play, earn, and participate.
As the ecosystem continues to evolve, FUNToken remains focused on expanding utility, improving accessibility, and delivering innovative experiences that drive long-term value for its global community.
Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content.
Michelle DG
Michelle is an editor at CoinCentral & Blockonomi, covering the latest trends in crypto, blockchain, and digital finance. With a sharp eye for detail and a passion for emerging technologies. [email protected]
Mirae Asset Securities just made its play for the cross-asset trading market. The South Korean financial giant launched MAPS, short for Mirae Asset Portfolio Service, through its Hong Kong unit on June 27, giving users a single mobile app to trade both stocks and digital assets.
The platform is designed for global retail investors who are tired of juggling separate accounts for equities and crypto. Founding Chairman Park Hyeon-joo attended the launch event in person, which tells you everything about how seriously the firm is taking this.
What MAPS actually does MAPS is Mirae Asset’s attempt to solve that problem by combining traditional securities and digital assets into a unified mobile experience: one app, one account, two asset classes.
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The choice of Hong Kong as the initial hub is strategic. For Mirae Asset, which has operated in Hong Kong since 2003, the city provides both regulatory clarity and a deep pool of sophisticated investors to test the product.
The launch falls under what the company calls Vision 3.0, its broader corporate strategy aimed at expanding services for overseas retail investors. Hong Kong is the testing ground, but the ambitions stretch much further. Mirae Asset has flagged plans to expand MAPS into the United States, Japan, and Singapore.
Why a traditional finance giant is betting on unified trading Mirae Asset is not some scrappy fintech startup experimenting with crypto on the side. It is South Korea’s largest independent financial group, with a sprawling operation across asset management, securities, insurance, and venture capital.
What this means for investors There is a competitive angle worth watching. Mirae Asset’s expansion roadmap, covering the US, Japan, and Singapore, puts it on a collision course with both crypto-native platforms and other traditional firms that have been building similar capabilities.
The risk, as always with integrated platforms, is execution. Combining securities and crypto trading in one app means navigating two different regulatory regimes, two different settlement systems, and two very different risk profiles.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Kaspa price has surged about 15% over the past day as investors have positioned ahead of the network’s long-awaited Toccata hard fork despite continued weakness across the crypto market.
Summary
Kaspa surged 15% as traders positioned ahead of the scheduled Toccata hard fork. Investors expect the upgrade to add smart contracts, KRC-20 tokens, and DeFi functionality. Technical buying and short covering helped KAS outperform a weak crypto market. According to the Kaspa network, the Toccata hard fork is scheduled to activate on the mainnet at approximately 16:15 UTC on June 30. Exchanges including HTX temporarily suspended deposits and withdrawals ahead of the upgrade to support the transition.
🎼 Kaspa Mainnet Toccata Activation
The next major milestone for Kaspa is almost here.
Today is the Day!
📍 Activation: DAA Score 474,165,565
🕒 Expected: June 30, 2026 • 16:15 UTC
— ChoiiMhiee 𐤊 (@mhieechoii) June 30, 2026 The upgrade introduces native smart contract functionality through the SilverScript programming language, while also adding support for KRC-20 tokens, decentralized finance applications, and zero-knowledge privacy features.
Together, these additions remove one of the network’s biggest limitations by expanding Kaspa beyond its original role as a high-speed proof-of-work payment blockchain.
Toccata upgrade has changed Kaspa’s utility With the hard fork approaching, trading activity has accelerated as investors position for higher on-chain activity. According to the Kaspa network, the upgrade is expected to enable developers to build decentralized applications directly on Kaspa by introducing native smart contract functionality, expanding the network beyond its traditional payment use case.
On-chain activity has also supported the bullish narrative. The network is approaching a cumulative milestone of roughly 2.35 billion transactions, demonstrating continued usage of its BlockDAG architecture even as new features are introduced. Supporters of the network have long argued that BlockDAG enables higher parallel transaction throughput than conventional blockchain designs, reducing congestion during periods of elevated demand.
The technical setup amplified the move. Before the hard fork, Kaspa had spent several months trading inside a prolonged consolidation range, with buyers repeatedly defending the $0.025-$0.030 area. The upgrade arrived while many derivatives traders remained positioned for further downside, creating conditions for a short squeeze as spot demand increased.
Forced liquidations of bearish positions added momentum to the rally once price broke above its recent trading range.
The daily chart also shows the recovery pushing KAS back above its 20-day simple moving average near $0.030 while testing resistance around the 50-day moving average near $0.0317. At the same time, the MACD has produced a bullish crossover with the histogram turning positive, indicating improving momentum.
Kaspa 1-day USDT chart — June 30 | Source: crypto.news Still, the token trades below its declining 100-day and 200-day moving averages, suggesting that a sustained trend reversal would require additional buying pressure.
Technical buying has outweighed macro headwinds Kaspa’s rally has unfolded while much of the cryptocurrency market continues to struggle under an unfavorable macro backdrop. A stronger-than-expected 4.1% U.S. Core PCE inflation reading and the Federal Reserve’s hawkish policy stance under Chair Kevin Warsh have pressured risk assets in recent days, contributing to an estimated $1.79 billion in cumulative outflows from U.S. spot Bitcoin exchange-traded funds.
Unlike many proof-of-stake networks, however, Kaspa operates on a proof-of-work model with approximately 95.4% of its maximum supply already in circulation. With new token issuance steadily declining over time, the introduction of smart contracts and execution fees through the Toccata upgrade has strengthened the network’s utility without materially increasing supply.
Those supply dynamics, combined with renewed developer opportunities and short-covering activity, have helped Kaspa outperform most major cryptocurrencies even as capital has continued flowing out of other digital assets.
Whether the rally extends from here may depend on whether buyers can reclaim resistance around the 50-day and 100-day moving averages before challenging the longer-term 200-day average near $0.0353.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
KAS Tops Daily Performers as Fork ApproachesKaspa ($KAS) is the top-performing major cryptocurrency on June 30, 2026, posting an 8.7% gain over the prior 24 hours as traders position ahead of the imminent Toccata hard fork. Daily trading volume has surged nearly 100% to $22.2 million, with significant liquidity concentrated on KuCoin and Bybit. KuCoin remains the most active venue for KAS, with its KAS/USDT pair leading exchange volume.
The move comes as the network approaches a notable milestone. Kaspa's Layer 1 blockchain has processed approximately 2.347 billion transactions, and the Toccata hard fork will transition the chain from a payments network to a programmable Layer 1. That cumulative activity reflects a period of rapid throughput growth underpinned by Kaspa's BlockDAG architecture, which uses the GHOSTDAG protocol to allow parallel block processing at 10 blocks per second, positioning it as the fastest pure proof-of-work blockchain.
What Toccata ChangesToccata is widely regarded as the most consequential upgrade in Kaspa's history. The hard fork introduces native KRC-20 tokens, covenant programming via the SilverScript compiler, and zero-knowledge verification opcodes, transforming Kaspa from a fast payments layer into a programmable proof-of-work Layer 1 that can support DeFi and NFTs directly on its base layer.
At a high level, Toccata brings two new programmability paths: a brand new compiler for utilizing script capabilities directly on Layer 1 via SilverScript, and the infrastructure for a ZK layer built over those same covenant foundations. Kaspa core developer Michael Sutton has described the upgrade as the point where Kaspa's high-frequency monetary base layer meets programmability in two layered forms: native L1 covenant systems, and based ZK systems built on top of the same foundations.
Importantly, the upgrade does not deliver applications itself. Instead, it activates the protocol foundation that allows those systems to be built on top of the network. Developer adoption following activation will be the key variable in determining whether the fork translates into sustained price and ecosystem growth.
On the institutional side, Zodia Custody, backed by Standard Chartered, now offers institutional custody for KAS, and Valour lists a physically backed Kaspa ETP on Sweden's Spotlight Stock Market. Meanwhile, the Kaskad lending protocol on Kaspa's Igra Layer 2 surpassed $2 million in total value locked in June 2026. Those developments add structural context to the current price move, though analysts note the broader ecosystem remains in an early stage.
This article is for informational purposes only and does not constitute investment advice.
Sources
Kaspa Covenants++ Toccata Hard Fork Outlook, Michael Sutton (Medium)
Kaspa Toccata Hard Fork Deep Dive, Gate Blog
Kaspa KAS Price Prediction and Market Analysis, CoinMarketCap
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
JPMorgan has called for a strong U.S. digital asset framework, warning that crypto markets are moving closer to the core of the financial system and must be governed by rules that protect consumers, markets and financial stability.
In a policy note, JPMorgan executives Umar Farooq and Peter Muriungi said the United States faces a choice between leading the next phase of financial innovation or allowing activity to move into less regulated channels. The bank said digital assets, including stablecoins and tokenized forms of money, can improve settlement speed, cross-border payments and market efficiency. But it warned that those benefits will be sustainable only if new rules close regulatory gaps.
JPMorgan’s message comes as Congress debates major crypto legislation, including market-structure rules intended to clarify the roles of the Securities and Exchange Commission and Commodity Futures Trading Commission. The bank broadly supports legislative clarity, but said policymakers must ensure that crypto firms performing bank-like, broker-like or exchange-like functions face comparable standards.
The strongest warning focused on payments and stablecoins. JPMorgan said stablecoins and tokenized money could make transactions faster and cheaper, especially across borders. However, it argued that payment innovation becomes dangerous when firms offer yield-like incentives or balance-holding products without capital, liquidity, supervision and consumer-protection requirements similar to those applied to regulated banks.
Stablecoins Drive Policy Tension Stablecoins have become one of the most important battlegrounds in U.S. financial regulation. Their supply has grown rapidly as traders, fintechs and payment companies use dollar-linked tokens for settlement, liquidity and on-chain commerce. Supporters argue that stablecoins strengthen dollar dominance and modernize payments. Banks warn that poorly regulated stablecoins could drain deposits, weaken lending capacity and create new forms of shadow banking.
JPMorgan’s position reflects that tension. The bank is not rejecting digital assets outright. It operates its own blockchain and tokenized-deposit infrastructure through Kinexys and JPM Coin, and it has been active in institutional tokenization, settlement and payments. Its argument is instead that similar economic functions should face similar regulatory obligations, regardless of whether they are delivered by a bank, crypto exchange, stablecoin issuer or decentralized protocol.
That principle matters because digital asset firms increasingly compete with traditional finance across payments, trading, custody and yield products. If crypto companies can hold customer balances, facilitate settlement, offer rewards and intermediate market activity without equivalent oversight, banks argue that the regulatory perimeter becomes weaker.
Regulatory Clarity Becomes Market Infrastructure The market impact of JPMorgan’s call is significant because it shows that large banks are preparing for digital assets to become permanent financial infrastructure, not a speculative side market. Institutional adoption depends on clear rules for custody, settlement finality, disclosures, operational risk, collateral treatment and market conduct.
For crypto firms, a strong framework could be both beneficial and costly. Clear federal rules may reduce enforcement uncertainty, support bank partnerships and attract institutional capital. At the same time, stricter requirements could raise compliance costs, limit yield promotions and pressure business models that depend on regulatory arbitrage.
The debate also carries political importance. Community banks, large banks and crypto companies are lobbying over whether stablecoin issuers should be allowed to offer rewards or operate balance-like products without bank charters. That question could shape how much consumer and corporate money migrates from deposits into tokenized dollars.
JPMorgan’s broader message is that the U.S. should not choose between innovation and regulation. The bank wants digital asset rules that allow tokenization and blockchain-based payments to grow, while preventing the buildup of hidden leverage, weak custody standards and lightly supervised financial intermediation.
For investors and policymakers, the key takeaway is that digital assets are becoming too large to regulate through fragmented enforcement or temporary guidance. JPMorgan’s call for a strong framework reflects a larger shift: Wall Street increasingly expects crypto rails to matter, but wants them integrated into the financial system under rules that look more like traditional finance.
“Tap to Earn,” Pi Network has introduced one of its biggest ecosystem updates. On Pi2Day, the Pi Core Team launched PiVerify, a new identity verification service that allows businesses outside the Pi ecosystem to use Pi’s KYC technology.
While many Pioneers see it as a major step toward real-world adoption, Pi Coin price continues to struggle, seeing a 6% drop today.
PiVerify Takes Pi Network Beyond Its Own EcosystemAs part of its Pi2Day update, the Pi Core Team launched PiVerify, a new identity verification service for businesses outside the Pi Network. Until now, Pi’s KYC system has been used only within its own ecosystem.
With PiVerify, third-party companies can now verify that their users are real people, helping reduce fake accounts and improve security.
The service also increases Pi’s real-world utility. Every business using PiVerify pays for the service in Pi Coin, creating another use case for the token beyond simple peer-to-peer transfers.
PiVerify is a KYC identity verification service available to third-party companies, making Pi’s real-human verification capabilities available outside the Pi ecosystem.
With PiVerify, external platforms can verify their users, reduce fake or duplicate accounts, and support… pic.twitter.com/O0BwsGvWIK
— Pi Network (@PiCoreTeam) June 30, 2026 Pi Network already has more than 18 million KYC-verified users, making it one of the largest verified communities in crypto. The Core Team believes opening this service to outside businesses will help expand Pi’s ecosystem and increase the utility of Pi Coin over time.
Pi Network Also Launches Two More Business ServicesPiVerify wasn’t the only announcement. The Core Team also introduced Pi Sign-in, allowing users to log into supported third-party apps and websites using their Pi accounts.
Another launch, SoloHost, gives developers an open framework to build AI and distributed computing applications through Pi Desktop. Users can run these applications on their computers while accessing them through Pi Browser.
Together, these three launches aim to position Pi Network as more than just a cryptocurrency, expanding its services into identity verification, AI infrastructure, and developer tools.
Pi Coin Price Crashed by 6%Despite the positive announcements, Pi Coin has failed to attract new buying interest. The token is currently trading near $0.1129, down around 6% over the past 24 hours and still nearly 96% below its all-time high of $2.98.
Another concern is the upcoming monthly token unlock. Around 103 million PI, worth roughly $11.7 million at current prices, are expected to enter circulation in July.
As more Pi tokens are released into circulation, selling pressure could rise further because demand is still not strong enough to absorb the new supply.
Story Ends Here
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Five years in the making, Autheo is launching its decentralized operating system on Mainnet — after public testnet adoption surpassed 1.8 million wallets, nearly 1 million smart contracts, and 8.8 million transactions.
Autheo today formally introduced its decentralized operating system to the public: a coordination layer designed to let the traditional Web, blockchain networks, and AI agents interoperate natively as a single system. The company is now launching its Mainnet — the production environment for the network — after more than a year of public testnet activity.
The Coordination Layer The Internet Never Had The networking wars of the 1980s and early 1990s settled a principle that has shaped the Internet ever since: interoperability comes from pragmatic, openly deployed protocols, not top-down frameworks. The standards that won — TCP/IP, DNS, HTTP, TLS — succeeded by being practical and deployable, and the modern Internet still rests on them. The blockchain era took a different path: each network optimized for its own internal consistency — its own security model, consensus mechanism, APIs, SDKs, and developer tooling — and the result has been a fragmented landscape of largely siloed chains. The rapid rise of AI agents now amplifies that fragmentation, as a growing population of autonomous actors needs to transact across Web, blockchain, and AI systems that were never designed to coordinate with one another.
Protocols such as IBC, LayerZero, CCIP, Wormhole, and Axelar have made meaningful progress on chain-to-chain messaging and asset transfer — but those efforts operate at the bridging layer. Autheo addresses the problem from a different angle: a shared substrate where Web services, blockchain networks, and AI agents coordinate natively on a common identity, communications, execution, and infrastructure layer, rather than relying on bridges that pass messages between otherwise disconnected systems.
At the same time, approximately three-quarters of business applications today are delivered as SaaS, and identity, storage, compute, payments, and messaging already run as distributed services across the Web. The Internet, in other words, has quietly taken on many of the functions of an operating system. What it has lacked is the layer that lets those services — together with blockchain networks and AI agents — interoperate by default, rather than through one-off, brittle integrations built per partner, per protocol, and per chain.
Autheo’s purpose is to provide that coordination and execution layer. The Autheo OS exposes the standard functions one would expect of an operating system—identity, scheduling, messaging, state, compute, storage, and execution—as open, programmable services that any application, protocol, or agent can call. The objective is an integration substrate on which Web2 systems, Web3 protocols, and AI agents can transact and collaborate without needing to know which environment the counterparty is in. For autonomous AI agents specifically, Autheo is built around an on-chain, quantum-resistant trust and identity layer — designed so agents can hold credentials, sign transactions, and invoke services without depending on external systems or exposing private keys. The two design imperatives behind the project are simple: integration and interoperability.
“We didn’t set out to build just another network,” said Scott Bayless, Managing Director and co-founder of Autheo. “We set out to find the right relation between the ones we already have. A body has many parts. A city is many trades. The Internet today is many systems — each doing its work, none of them moving as one. With Mainnet now live, Autheo is the layer where the web, the chain, and the agent can finally work together.”
Founded By Long-Time Collaborators Autheo was founded in July 2021 by Todd Mortenson and Scott Bayless, long-time collaborators who have built and operated multiple ventures together over the past two decades.
The founders shared a simple thesis: the next phase of the Internet will be defined less by any single technology — and more by the coordination layer that enables the traditional Web, blockchain networks, and AI to operate as a single system. Much of what ultimately matters in technology tends to begin far from the loudest places — quietly, slowly, by those who would not have been the obvious choices.
Guided by that vision, the founders and engineering leadership spent the project’s first several years researching networks, ecosystems, protocol design, digital identity, post-quantum security, and decentralized coordination before building Autheo from the ground up around four distinct architectural foundations: TheoID — Autheo’s W3C-compliant Decentralized Identifier (DID) implementation — as the native identity primitive for users, services, and AI agents; PQCNet, Autheo’s post-quantum communications and identity framework, built upon NIST-standardized post-quantum cryptography, including ML-KEM (FIPS 203), ML-DSA (FIPS 204), and SLH-DSA (FIPS 205); a sovereign Cosmos SDK Layer 0 with native IBC interoperability; and an integrated EVM-compatible Layer 1 execution environment, operating as a Proof-of-Stake network with delegated staking and licensed validator eligibility, secured by CometBFT block finality (“Proof of Autheo”).
Solidity smart contracts can be deployed natively on Autheo or migrated from existing EVM-compatible chains, providing developers with a familiar development environment while benefiting from native IBC interoperability across the broader blockchain ecosystem.
The research and development underlying the platform has also resulted in an expanding portfolio of patent families covering core architectural innovations, reflecting the team’s long-term intellectual property strategy surrounding decentralized operating systems, digital identity, interoperability, post-quantum security, and related technologies.
Network engineering and Autheo’s post-quantum security architecture are led by Chief Engineering Officer Kenneth Harper, who has overseen the design, architecture, and implementation of the platform through public testnet and into Mainnet launch. Supporting those efforts is a multidisciplinary organization spanning engineering, product, project management, quality assurance, infrastructure, operations, ecosystem development, developer support, business development, partnerships, marketing, global channels, finance, legal, compliance, and intellectual property. Autheo’s broader contributor base spans approximately 100 people across 25 countries — blockchain pioneers, Fortune 500 operators, and researchers from institutions including MIT, Harvard, Stanford, and Caltech. Independent security audits have been completed by Halborn (testnet) and CertiK (Mainnet).
Autheo collaborates with leading infrastructure, security, and ecosystem partners — including Zeeve, InfStones, Hydrex, Halborn, CertiK, TrustSwap, Team.Finance, Utila, Ape Bond, Antier, EVU, among others — across validator and node operations, security audits, custody, token services, and ecosystem development.
Testnet Adoption Has Compounded Autheo’s public testnet went live in 2025 and, over its first twelve months, attracted approximately 350,000 wallets and 60,000 smart contracts as developers stress-tested the network. Following the May 12, 2026, announcement of Mainnet Phase 1, adoption accelerated. In the roughly 45 days since, cumulative wallet addresses have grown more than 5x and smart contracts have grown more than 15x. As of today, cumulative testnet totals stand at:
1,812,088 wallet addresses 968,502 smart contracts (Figures per Autheo network data, June 24, 2026. Independently verifiable on the public testnet explorer: testnet-explorer.autheo.com · verified contracts.)
Daily activity over the past month has averaged approximately 30,000 new wallet addresses and 20,000 new smart contracts. The Autheo testnet is now onboarding more wallets and deploying more contracts in a single day than it did across full months of its first year. Contract density at this stage is unusual for a Layer-1 testnet and reflects the breadth of developer use cases the team has supported across the build-out.
“Mainnet is live,” said Todd Mortenson, Managing Director and co-founder of Autheo. “The industry will be racing to retrofit post-quantum security ahead of NIST’s timeline — our developers won’t have to. We built PQC in from the ground up. One interface for Web services, on-chain protocols, and AI agents. One million human developers on-chain within three years. And the AI agents building alongside them? Orders of magnitude more. The coordination layer for that future is live today.”
What’s Next With the testnet validating the architecture and the Mainnet now launching, Autheo’s near-term focus is on expanding partnerships across the Web2, Web3, and AI communities and supporting builders deploying applications, agents, and protocols on the platform.
Developer Access (Mainnet, Live Today):
Docs: docs.autheo.com Mainnet block explorer: evm-explorer.autheo.com Chain ID: 2127 (0x84f) Public RPC endpoints: rpc1.autheo.com · rpc2.autheo.com · rpc3.autheo.com API documentation: evm-explorer.autheo.com/api-docs GitHub: Public open-source release is in progress; commercial components remain in compartmentalized private repositories. Testnet explorer (with verified-contract source): testnet-explorer.autheo.com
For developers seeking an early path into the Mainnet ecosystem, the Core Node and Prime Node tiers remain available at commerce.autheo.com (settlement via ETH on Arbitrum). These programs provide eligibility for long-term THEO token emissions, enabling developers to begin accumulating THEO for building, deploying, and participating in the network as the ecosystem expands. The Sovereign Validator Node program (399 nodes total) has its first 275 slots fully subscribed; the remaining 124 are reserved for enterprise partners and ecosystem customers. A dedicated builder portal at autheolabs.com is anticipated to launch, providing additional THEO token and validator allocations for projects deploying on the network.
THEO is anticipated to become available on Hydrex.fi in early July 2026, with additional exchange access expected to follow.
Additional documentation ecosystem, security, infrastructure, and listing announcements are expected over the coming weeks.
About Autheo Autheo is building the Internet operating system — a decentralized coordination and execution layer that enables the traditional Web, blockchain networks, and AI agents to interoperate as a single system. The platform utilizes W3C Decentralized Identifiers (DIDs) as its native identity framework and is anchored by PQCNet, Autheo’s quantum-resistant communications and identity infrastructure built upon NIST-standardized post-quantum cryptography, including ML-KEM (FIPS 203), ML-DSA (FIPS 204), and SLH-DSA (FIPS 205). Operating alongside Autheo’s sovereign Cosmos-based Layer 0 and EVM-compatible Layer 1, PQCNet is designed to provide next-generation security for digital identity, communications, authentication, encryption, and trusted interactions across Web, blockchain, and AI ecosystems.
Autheo integrates a sovereign Cosmos SDK Layer 0 with native IBC interoperability and an EVM-compatible Layer 1 execution environment, allowing developers to deploy Solidity smart contracts natively or migrate existing applications from other EVM-compatible networks. Founded in July 2021 by Scott Bayless and Todd Mortenson, Autheo opened its public Testnet in 2025 and launched Mainnet in 2026.
For more information, visit autheo.com and follow Autheo on X at @Autheo_Network. Find the Media Kit at mediakit.autheo.com
TLDR; Arthur Hayes buys SYN worth $2.2 million, pushing Synapse into focus after its sharp June rally. SYN futures activity surged as traders increased bullish exposure after the high-profile whale purchase. Synapse price now faces key resistance near $1 after breaking a long-running technical downtrend. Hypercall’s options DEX narrative has strengthened interest around SYN and the wider Hyperliquid ecosystem. Synapse price became one of the crypto market’s strongest movers after Arthur Hayes bought 6.16 million SYN tokens. The purchase was worth nearly $2.2 million, according to onchain data. SYN rallied more than 40% in 24 hours after the news spread across crypto trading circles.
The move came after the token had already surged sharply during June. Traders now see the SYN token as a fresh Hyperliquid ecosystem play, especially after Hayes backed the Hypercall options narrative.
Synapse Price Rally Accelerates After Arthur Hayes SYN Buy Synapse price gained fresh attention after Hayes revealed his interest in asymmetric bets inside the Hyperliquid ecosystem. He pointed to Hypercall as a possible options DEX challenger to Deribit. Hypercall is linked to the Synapse ecosystem, which gave the SYN token a new trading narrative.
🚨ARTHUR HAYES BUYS $2.2M $SYN!
Arthur Hayes bought 6.16M tokens right after $SYN already surged 10x+ in June, according to Lookonchain.
In his follow-up post, he says he wants asymmetry in the Hyperliquid ecosystem and sees Hypercall (owned by $SYN) as the options DEX… pic.twitter.com/EgvDRoAboH
— Crypto Banter (@crypto_banter) June 29, 2026
The timing of the purchase strengthened the reaction. Hayes bought after SYN had already posted a major monthly rally. That detail made the move more notable for traders watching whale accumulation.
Market participants often track Hayes because of his history in crypto derivatives. His latest position placed Synapse back into broader market discussion. The token quickly became one of the most discussed mid-cap assets on crypto X.
The rally was not limited to spot demand. CoinGlass data reveals SYN futures volume rising above $563 million in 24 hours. Open interest also jumped about 80% to more than $63 million.
Source: Coinglass That increase suggests new capital entered the trade. It also shows that traders were not only closing short positions. Positive funding rates pointed to stronger demand for long exposure.
Short sellers faced heavy pressure during the move. Liquidation data showed most forced exits came from bearish positions. That helped extend the rally as momentum buyers entered the market.
Synapse Price Eyes $1 As Hypercall Narrative Builds Synapse price also broke above a long-running descending trendline that had capped gains since 2024. The breakout came with some of the highest volume seen in months. That added strength to the bullish technical setup.
Before the move, SYN had spent months trading between $0.14 and $0.20. Buyers then pushed the token above $0.55 during the latest rally. That shift changed short-term sentiment around the chart.
SYN/USD dailly chart. Source: TradingView The first major resistance now sits near $0.59. A clean move above that area could open a path toward $0.74. Traders are also watching the psychological $1 level if volume remains strong.
Support sits near $0.33 on the current structure. A deeper loss below $0.21 would weaken the bullish setup. That level remains important if profit-taking grows after the sharp rally.
The Hyperliquid ecosystem narrative is now central to the SYN token story. Investors are watching whether Hypercall can attract real options trading activity. Product adoption may decide whether this rally holds beyond whale-driven hype.
Synapse price still faces volatility after such a fast move. Short-term traders may lock in gains if momentum slows. However, rising open interest, heavy volume, and the Hayes purchase have made SYN one of the market’s most watched altcoins this week.
A sustained weekly close above $0.45 would keep buyers in control. Strong volume above $0.59 would add more pressure on resistance. Any fresh Hypercall update could keep traders focused on the SYN token.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
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.
Dogecoin cofounder Billy Markus, who goes by "Shibetoshi Nakamoto" on X, reacted to recent reports that the world's largest publicly traded company holding Bitcoin, Strategy, may sell a portion of its BTC holdings, about $1.25 billion.
Strategy holds 847,363 BTC as of June 22. If the Bitcoin treasury company were to raise $1.25 billion through Bitcoin sales, it might need to sell about 20,800 BTC at current prices, equivalent to about 2.5% of its 847,363 BTC holdings.
However, the news that Strategy might sell a portion of its massive BTC stash has generated reactions from a large part of the crypto community, including Dogecoin co-founder Billy Markus.
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In an X post, Markus shared a short video clip that had a compilation of tweets from Strategy Chairman and Bitcoin advocate Michael Saylor urging holders never to sell their Bitcoin.
This itself attracted comments from the Dogecoin community, as an X user pointed out Markus' well-known decision to sell his DOGE holdings years ago.
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Markus, who co-founded Dogecoin in 2013, sold all of his DOGE holdings in 2015 after being laid off from his job. He liquidated his entire crypto portfolio for about $10,000 to pay rent and cover basic living expenses. This amount was equivalent to what a used Honda Civic would cost at that time.
Despite the recurring jokes and discussions, Markus maintains a lighthearted attitude toward the decision. This is seen with Markus posting a meme GIF that basically said "I'm fine" in response to the X user who recalled this decision.
Strategy to sell Bitcoin?In a recent press release, Strategy announced that its Board of Directors has authorized a BTC Monetization Program under which the company may sell BTC from time to time for three primary purposes.
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First, to generate up to $1.25 billion to fund the USD Reserve; second, to additionally fund preferred stock dividends and interest expenses as they become payable or to replenish the USD Reserve after such payments. Third, to additionally fund repurchases of Digital Credit Securities or Class A common stock.
As stated in the release, the BTC Monetization Program does not obligate Strategy to sell any BTC, fund any dividend payment or interest expense through BTC sales, or repurchase any securities.
The BTC Monetization Program will have no fixed expiration date and may be modified, suspended, or terminated at any time.
Investment firm Spiko has integrated Coinbase’s stablecoin payment infrastructure into two regulated EU Treasury-bill funds, allowing eligible investors to fund subscriptions and receive redemption proceeds using USDC and EURC.
Coinbase said Tuesday the integration covers Spiko’s EU T-Bills Money Market Fund and US T-Bills Money Market Fund. Both are structured as Undertakings for Collective Investment in Transferable Securities, or UCITS. Coinbase Payments will provide the payment, wallet and application programming interface (API) infrastructure, with the transactions settling on Base, Coinbase’s layer-2 network.
The exchange said the products are the first UCITS funds in Europe to accept direct stablecoin payments.
The move into UCITS funds comes as net sales of the assets rebounded in April, the latest data from trade group EFAMA showed on Monday. UCITS saw net inflows of 104 billion euros that month, compared to net outflows of 41 billion euros in March. Net sales reached a new record in 2025, totaling 828 billion euros and surpassing the previous 2021 high of 813 billion euros.
Tokenized funds push toward 24/7 utilityCoinbase described the integration as an example of how stablecoins could reshape payments infrastructure for mutual funds by removing bottlenecks for investors as they enter and exit a product. It positions stablecoins as settlement infrastructure, connecting onchain capital with regulated investment funds.
Investors can submit subscriptions at any time, including weekends and holidays. At the same time, redemption proceeds can be delivered to a stablecoin wallet within minutes after a position is liquidated.
Despite this, round-the-clock stablecoin transfers do not necessarily mean that the underlying fund continuously processes subscriptions and redemptions. Spiko said the Coinbase integration introduces a new payment method rather than changing the funds themselves.
Cointelegraph reached out to Coinbase for more information on order execution, but did not receive a response before publication.
Other asset managers have tested ways to provide 24/7 access to tokenized funds. In February, WisdomTree received approval for round-the-clock secondary trading and instant USDC settlement of its tokenized Treasury fund, with liquidity supplied by its broker-dealer while primary fund processes remained unchanged.
Tokenized money market funds are also increasingly being used as infrastructure beyond subscriptions and redemptions. In February, Franklin Templeton and Binance introduced a program allowing institutions to pledge tokenized fund shares as off-exchange trading collateral while the assets remain in regulated custody
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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.
The July 1 MiCA deadline is a crypto story, yet some of its biggest winners may trade on stock exchanges. As Europe forces unlicensed firms out, a handful of publicly traded MiCA winners, the so-called MiCA stocks.
BeInCrypto analysts screened institutional money flow and options positioning to find three names whose charts reveal how traders are playing them.
Circle Internet Group (CRCL)Circle sits at the center of the July 1 MiCA deadline, making it the first of three MiCA stocks worth watching. The regulation forces non-compliant euro stablecoins off EU venues, and that consolidation favors Circle directly. Its EURC now holds roughly half the euro stablecoin market, while USDC ranks among the only top-10 stablecoins cleared under the rules.
Want more insights like this? Sign up for Editor Harsh Notariya’s Daily Newsletter here.
Yet institutional positioning complicates the bullish narrative. The Chaikin Money Flow (CMF), a proxy for institutional buying and selling pressure, has fallen steadily since March 4 and sits deep in negative territory at -0.34. Large investors have been net sellers, not buyers, even as the regulatory tailwind built.
CRCL Money Flow Decline: TradingViewThe CMF reading tracks inside a falling channel. As long as it holds that channel, a short-term bounce around the deadline stays possible. A breakdown below it would confirm sustained distribution and likely trigger heavier profit booking.
Options flow tells a more constructive near-term story. The put-call ratio, which compares demand for bearish puts against bullish calls, is dropping. Its volume reading fell from 0.75 on June 25 to 0.44, while open interest eased from 0.81 to 0.80. Falling ratios mean traders are opening more bullish call positions than puts.
CRCL Put-Call Ratio: BarchartThat leaves CRCL as a momentary, event-driven bet. The MiCA catalyst and improving options sentiment support a tactical move, with the stock last at $75.96. However, persistently negative CMF caps conviction, and a channel breakdown would nullify any deadline-driven pop.
Coinbase Global (COIN)Coinbase is the second of the MiCA stocks to watch, and arguably the clearest infrastructure winner. It secured an EU-wide MiCA license through Luxembourg’s regulator, letting it passport regulated services across all 27 member states as rivals exit the bloc.
Options positioning, however, sends a more cautious signal. On June 26, the COIN put-call volume ratio sat at 1.14, skewed heavily toward bearish puts, with open interest at 0.84. Since then, volume has eased to 0.96 while open interest climbed to 0.88.
COIN Put-Call Ratio: BarchartThat split is the interesting part. The falling volume ratio shows fresh call buying. Yet rising open interest points to traders hedging existing positions rather than turning outright bullish. The setup reads as mixed, not a clean reversal.
The chart adds nuance through timeframe. On the daily, CMF remains deep in negative territory. On the four-hour, however, CMF has started rising inside its falling channel, last at -0.14, a sign of building short-term inflows.
COIN Money Flow Recovery: TradingViewThat four-hour turn matters most for an event-driven trade. A break above the channel’s upper trendline would open a path back toward the zero line and a more sustained move. That move might also have an impact on the put-call ratio as the MiCA deadline approaches.
Robinhood Markets (HOOD)Robinhood rounds out the MiCA stocks to watch, and the liquidity angle sets it apart. It owns Bitstamp, which holds a MiCA license passportable across the EU. As roughly 83% of previously registered crypto firms exit the bloc, freed-up trading volume can route toward licensed venues like Bitstamp.
Options positioning leans bullish. On June 25, the HOOD put-call volume ratio sat at 0.43 with open interest at 0.63. Volume has since fallen to 0.35 while open interest ticked up to 0.64. As with Coinbase, the split shows fresh call buying alongside light hedging. Yet the lower volume ratio points to stronger directional conviction.
HOOD Put-Call Ratio: BarchartThe money flow is the standout. HOOD is the rare crypto-linked name whose CMF sits above zero, last at 0.05, holding a rising parallel channel since early February. The reading reflects Robinhood’s diversified brokerage model, which draws steadier institutional inflows than pure-play crypto stocks.
HOOD Money Flow Strength: TradingViewCMF has respected the channel support in early April and mid-May without testing the lower trendline, each time preserving the uptrend. A break below that trendline and the zero line would signal weakness. Until then, the structure stays constructive, helped by a roughly 12% gain over the past month. That makes HOOD the strongest positioned of the three.
A major stride was made in Europe’s regulated investment market with the launch of blockchain-based payment infrastructure. Coinbase and Spiko have collaborated to enable stablecoin payments for UCITS-structured investment funds. Thanks to this new arrangement, investors can now purchase or redeem fund shares much faster, eliminating the need to wait for traditional bank transfers.
Stablecoins make inroads into UCITS fundsAs part of the integration, Spiko’s EU Treasury Bill Money Market Fund and US Treasury Bill Money Market Fund now accept USDC and EURC stablecoins. These products have thus become among the first UCITS funds in Europe to offer stablecoin funding options. The new system particularly facilitates quicker transitions between regulated short-term public debt funds and digital assets for institutional investors.
Glossary: UCITS is a regulatory framework developed in the European Union to protect investors and ensure risk diversification in collective investment funds. This structure, which facilitates cross-border fund distribution, is widely used throughout Europe.
Investors can acquire fund units with USDC or EURC at any time, including weekends and public holidays, without waiting for regular bank working hours or settlement periods. According to company statements, when redeeming fund units, stablecoins can be transferred to wallets within minutes. This setup is expected to minimize the period during which capital remains idle during transaction processing.
Coinbase and Spiko emphasized that regulated financial products can operate in harmony with digital assets while maintaining full compliance with legal frameworks.
Base network and payment infrastructure highlightedThe payment infrastructure operates through Coinbase Payments, with transactions finalized on Coinbase’s Ethereum layer-2 network, Base. In addition, Coinbase provides both the required wallet infrastructure and payment tools needed for the process. The companies underlined that this model ensures the security and compliance standards that regulated financial markets expect remain intact.
Glossary: Base is a layer-2 Ethereum network developed by Coinbase. Networks of this kind are built to process transactions more quickly and at a lower cost than the main chain.
UCITS funds are among the most heavily regulated investment products in Europe and are widely used by both retail and institutional investors. Bringing stablecoin payments into this framework is being viewed as a significant step in connecting traditional finance and blockchain infrastructure.
Rising institutional interestThe move aims to resolve one of the biggest inefficiencies in traditional markets: slow settlement times. Investors’ ability to access their funds without waiting for standard trading cycles may improve cash management and reduce idle capital.
Citing a study by EY Parthenon, Coinbase highlighted that 88% of institutional investors see same-day, T+0 securities settlement as one of stablecoins’ main use cases.
The announcement comes at a time when institutional interest in blockchain-based settlements is rising. Coinbase CEO Brian Armstrong has also renewed his call to reform accredited investor rules in the US, arguing that the current system creates opportunities reserved solely for wealthy investors.
Meanwhile, a partnership established between global digital payments firm Checkout and Coinbase is expanding stablecoin acceptance for institutional clients. These developments further indicate the tightening link between traditional payment channels and blockchain-based settlement systems.
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.
Key HighlightsDollar-Denominated T-Bill Fund Activates USDC Payment ChannelEuro T-Bill Product Enables EURC Transaction CapabilityPartnership Advances Tokenized Investment Product Infrastructure Stablecoin payment integration launches for European UCITS Treasury bill funds
USDC and EURC enable fund subscriptions and withdrawal processing
Infrastructure provided by Coinbase Payments includes wallet, API, and settlement layers
Base layer-2 network facilitates efficient blockchain transaction settlement
Payment method addition maintains existing fund structure and regulatory framework
A collaboration between Coinbase and Spiko has introduced stablecoin payment functionality to European Union-regulated Treasury bill investment vehicles. Eligible investors can now utilize digital currency payment methods for entering and exiting two UCITS-compliant money market products. The development integrates Circle’s USDC and EURC stablecoins within established European regulatory frameworks for mutual funds.
Dollar-Denominated T-Bill Fund Activates USDC Payment Channel The US T-Bills Money Market Fund managed by Spiko has activated USDC acceptance through Coinbase Payments technology. This investment product delivers exposure to short-duration United States Treasury securities while operating within UCITS regulatory parameters. The payment infrastructure encompasses digital wallet functionality, transaction APIs, and backend processing systems supplied by Coinbase.
Transaction finalization occurs on Base, the layer-2 blockchain network developed by Coinbase. This technical architecture creates a bridge between onchain digital assets and traditionally regulated investment vehicles. The arrangement diminishes reliance on conventional banking hours and legacy payment processing systems that impose delays.
The innovation particularly serves corporate treasury operations requiring rapid reallocation between liquid assets and fund positions. Investors gain the ability to initiate subscription requests outside typical banking schedules, encompassing weekends and public holidays. Spiko emphasized that this development introduces an alternative payment channel without modifying the fund’s underlying operational structure or investment strategy.
Euro T-Bill Product Enables EURC Transaction Capability Spiko’s EU T-Bills Money Market Fund has implemented EURC payment acceptance utilizing identical Coinbase technological infrastructure. This fund adheres to UCITS regulatory requirements, which establish European Union benchmarks for investor protection and operational oversight. Coinbase characterized these products as pioneering European UCITS funds offering direct stablecoin payment acceptance.
Upon liquidation, redemption payments can transfer to designated stablecoin wallets in a matter of minutes. This capability provides treasury management teams with accelerated access to capital following position exits. The fund continues operating within its established regulatory guidelines governing subscription and redemption procedures.
This launch arrives during a period of robust UCITS market activity across Europe. According to EFAMA statistics, UCITS products attracted 104 billion euros in net capital inflows during April. This represented a significant reversal from the 41 billion euro net outflow recorded in March, while cumulative 2025 net sales have reached 828 billion euros.
Partnership Advances Tokenized Investment Product Infrastructure Coinbase positioned this collaboration as progress toward modernized payment systems for regulated investment products. Stablecoin-based payment networks can minimize operational friction when clients allocate capital to or withdraw from compliant financial products. The integration creates connectivity between blockchain-based settlement mechanisms and traditional mutual fund administration.
This framework does not transform the underlying investment vehicles into continuously operating products. Rather, it provides qualified investors with an additional funding mechanism for subscriptions and proceeds distribution. This differentiation carries significance because payment processing velocity and fund operational cycles function as distinct elements.
Additional asset management firms have explored comparable tokenized fund applications. WisdomTree secured regulatory authorization this year for continuous secondary market trading in a tokenized Treasury product. Franklin Templeton and Binance have similarly launched tokenized fund instruments available as institutional collateral in off-exchange environments.
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]
Cathie Wood’s ARK Invest bought more shares of Coinbase, Circle Internet Group, Bullish and Robinhood on Monday as crypto-linked stocks moved higher.
Summary
ARK bought nearly $16.9 million in crypto-linked stocks as Coinbase and Circle closed higher Monday. Coinbase led ARK’s latest buying round, while Circle followed after expanding its BNY partnership. The purchases extend ARK’s recent accumulation of crypto equities tied to trading and stablecoins. The trades came across ARK Innovation ETF, ARK Next Generation Internet ETF and ARK Blockchain & Fintech Innovation ETF.
ARK bought 45,164 Coinbase shares worth about $6.85 million at Monday’s closing price. It also purchased 81,757 Circle shares worth about $6.21 million, 149,422 Bullish shares worth about $3.54 million and 2,943 Robinhood shares worth about $299,685.
Source: X Coinbase and Circle lead the buying Coinbase closed Monday up 1.74% at $151.65, while Circle rose 3.25% to $75.96. Bullish gained 1.72% to $23.69, and Robinhood climbed 3.18% to $101.83. Major U.S. stock indexes also closed higher during the session.
The largest purchase by value was Coinbase. ARK has held Coinbase across several funds and often adjusts its exposure when prices move. The firm also rebalances its ETFs so no single stock grows beyond 10% of any fund’s portfolio, according to The Block.
Circle expands BNY stablecoin partnership Circle’s stock move came on the same day that BNY announced an expanded relationship with Circle. BNY said USDC will become the first stablecoin on its Digital Asset Custody platform, giving clients tools to store, transfer, mint and burn USDC.
BNY said the launch builds on its role as primary custodian of USDC reserves. Carolyn Weinberg, BNY’s chief product and innovation officer, said, “As digital assets become increasingly integrated into financial markets, institutions need infrastructure that seamlessly works across traditional and blockchain-based systems.”
Kash Razzaghi, Circle’s chief commercial officer, said, “BNY has always been where institutional finance moves first, and making USDC the first stablecoin included in their new offering reflects the regulatory rigor Circle has built into USDC from day one.”
Coinbase tokenized stock push adds context Coinbase also remains in focus after launching tokenized U.S. stock products earlier this month. As reported by crypto.news, Coinbase launched 1:1-backed tokenized shares of SpaceX, Nvidia, Google, Strategy and Bitmine as part of its plan to build an “Everything Exchange.”
The product allows users to buy, hold, trade and redeem tokenized equity on-chain while receiving dividends linked to the underlying shares. Coinbase CEO Brian Armstrong said, “For the first time, these are real 1:1 backed tokenized stocks you can trust. You own an actual chunk of the company onchain,” as reported by crypto.news.
ARK’s Monday purchases extend a recent run of buying in crypto-linked equities. As previously reported by crypto.news, ARK bought about $25.54 million worth of Coinbase, SpaceX, Circle, Bullish and Robinhood shares last Friday. That followed another round of buying after Coinbase, Circle, Robinhood and Bullish had all closed lower the day before, as reported by crypto.news.
The new purchases show ARK adding exposure while crypto equities trade around fresh product and partnership news. Coinbase remains tied to tokenized equities, Circle to stablecoin infrastructure, Bullish to exchange activity and Robinhood to retail trading.
ARK Invest's biggest crypto stock purchases over the past three trading days were Coinbase and Circle, whose shares have fallen 17% and 27.6%, respectively, over the past month.
Tech-focused asset manager ARK Invest has capitalized on the recent crypto market downturn, buying a combined $43.5 million worth of shares in crypto firms such as Coinbase and Circle over the past three trading days.
Data from ARK Invest shows the asset manager bought another 122,544 shares in Coinbase (COIN) worth about $18.6 million since Thursday, while adding another 169,777 shares in Circle (CRCL) worth roughly $12.9 million over the same time frame.
The firm also purchased nearly $5.2 million worth of shares in crypto exchange Bullish (BLSH) and added another $5.12 million in brokerage firm Robinhood (HOOD), which has pushed aggressively into the crypto tokenization space in recent months. It also bought $1.69 million worth of shares in crypto-friendly bank SoFi Technologies (SOFI) on Monday.
ARK’s purchases come as investors have turned bearish on these crypto-related stocks. CRCL, COIN and BLSH have fallen 27.6%, 16.9% and 26.3%, respectively, over the past month. During that time, Bitcoin (BTC) slipped to a near two-year low of $58,190, while confidence that the CLARITY Act will pass before the US midterm elections in November has faded.
Changes made to ARK’s ARK Innovation ETF (ARKK) on Monday. Source: ARK Invest
Most of the newly purchased shares were added to the ARK Innovation ETF (ARKK), the firm’s flagship fund, followed by the ARK Next Generation Internet ETF (ARKW).
The ARK Blockchain & Fintech Innovation ETF (ARKF) was also topped up with crypto-related stocks.
ARK also added to its positions in Elon Musk’s SpaceX (SPCX) and software intelligence platform Palantir (PLTR) over the past three trading days.
Over the same period, ARK reduced positions in Alibaba (BABA), Roku (ROKU), Strata Critical Medical (SRTA) and several other companies.
Magazine: Bitcoin slides to $58K, XRP hits $1 but onchain data promising: Market Moves
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.
ARK Invest's biggest crypto stock purchases over the past three trading days were Coinbase and Circle, whose shares have fallen 17% and 27.6%, respectively, over the past month.
Tech-focused asset manager ARK Invest has capitalized on the recent crypto market downturn, buying a combined $43.5 million worth of shares in crypto firms such as Coinbase and Circle over the past three trading days.
Data from ARK Invest shows the asset manager bought another 122,544 shares in Coinbase (COIN) worth about $18.6 million since Thursday, while adding another 169,777 shares in Circle (CRCL) worth roughly $12.9 million over the same time frame.
The firm also purchased nearly $5.2 million worth of shares in crypto exchange Bullish (BLSH) and added another $5.12 million in brokerage firm Robinhood (HOOD), which has pushed aggressively into the crypto tokenization space in recent months. It also bought $1.69 million worth of shares in crypto-friendly bank SoFi Technologies (SOFI) on Monday.
ARK’s purchases come as investors have turned bearish on these crypto-related stocks. CRCL, COIN and BLSH have fallen 27.6%, 16.9% and 26.3%, respectively, over the past month. During that time, Bitcoin (BTC) slipped to a near two-year low of $58,190, while confidence that the CLARITY Act will pass before the US midterm elections in November has faded.
Changes made to ARK’s ARK Innovation ETF (ARKK) on Monday. Source: ARK Invest
Most of the newly purchased shares were added to the ARK Innovation ETF (ARKK), the firm’s flagship fund, followed by the ARK Next Generation Internet ETF (ARKW).
The ARK Blockchain & Fintech Innovation ETF (ARKF) was also topped up with crypto-related stocks.
ARK also added to its positions in Elon Musk’s SpaceX (SPCX) and software intelligence platform Palantir (PLTR) over the past three trading days.
Over the same period, ARK reduced positions in Alibaba (BABA), Roku (ROKU), Strata Critical Medical (SRTA) and several other companies.
Magazine: Bitcoin slides to $58K, XRP hits $1 but onchain data promising: Market Moves
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Cathie Wood is doing her favorite thing again: buying what everyone else is selling. ARK Invest poured roughly $43 million into crypto-exposed equities over just three trading days, with Coinbase and Circle representing the firm’s largest purchases during the stretch.
Both stocks have been bruised recently. Coinbase shares dropped about 17% over the past month, while Circle’s stock fell 27.6% in the same period.
What ARK actually bought The purchases were spread across ARK’s flagship funds, including ARKK, ARKW, and ARKF, the firm’s innovation, next-generation internet, and fintech ETFs respectively.
In early June alone, ARK disclosed acquiring 30,763 shares of Coinbase (COIN) and 114,223 shares of Circle Internet Group (CRCL). Additional purchases were logged around June 26, pushing the total over the three-day window to the $43 million figure.
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Coinbase has long been a top holding across multiple ARK funds, and the firm made a splashy entrance into Circle’s stock when the stablecoin issuer debuted on the NYSE in 2025, buying $373 million worth of shares at the time.
Circle shares were trading near $75-76 in late June 2026, a stark decline from a 52-week high north of $260. Mizuho recently cut its price target on Circle to $85, reflecting broader skepticism about the stock’s near-term trajectory.
Why Circle keeps showing up in ARK’s shopping cart Circle’s investment case rests primarily on USDC, the second-largest stablecoin by market capitalization. The company went public in 2025 positioned as a pure-play on stablecoin adoption. Their revenue model, earning yield on the reserves backing their tokens, is highly sensitive to interest rate environments, making Circle’s stock something of a proxy for both crypto adoption and macro rate expectations.
In May 2026, the company conducted a $222 million presale for its new ARC token at a $3 billion fully diluted valuation. The token aims to expand Circle’s ecosystem beyond pure stablecoin issuance.
The bigger picture for crypto stock investors ARK’s track record on timing is mixed. The firm famously rode the 2020-2021 innovation rally to spectacular gains, then watched its flagship ARKK fund give back most of those returns during the subsequent drawdown.
Coinbase remains the dominant US crypto exchange, but its stock is heavily correlated with Bitcoin’s price cycles and trading volumes. When activity dries up, COIN’s revenue drops, and the stock follows.
ARK’s concentrated bet across multiple funds means the firm’s performance is now meaningfully tied to how crypto stocks recover from here. For investors in ARKK, ARKW, or ARKF, that’s an active risk factor worth understanding before the next quarterly statement arrives.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
ARK Invest, the technology-focused asset management firm, made significant investments in crypto-related stocks during the recent market downturn. Over the last three trading sessions, the company allocated a total of $43.5 million to shares of Coinbase, Circle, Bullish, Robinhood, and SoFi Technologies.
Breakdown of ARK’s purchasesAccording to data from ARK Invest, the company acquired 122,544 shares of Coinbase since Thursday, in a deal valued at approximately $18.6 million. During the same period, ARK purchased 169,777 shares of Circle, amounting to about $12.9 million.
The firm also invested roughly $5.2 million in shares of the crypto exchange Bullish. Additionally, ARK allocated $5.12 million into Robinhood stock and invested $1.69 million in SoFi Technologies, known for its close ties to the digital asset sector. Robinhood has recently gained attention for its moves in the tokenization space, a process by which real-world assets or financial instruments are converted into digital tokens on blockchain networks.
Glossary: Tokenization refers to the creation of digital representations of assets like shares, bonds, fund units, or real estate on a blockchain. This approach can enable faster trading and expand access by allowing assets to be divided into smaller, more easily tradable units.
CompanyCodePurchase AmountCoinbaseCOIN$18.6 millionCircleCRCL$12.9 millionBullishBLSH$5.2 millionRobinhoodHOOD$5.12 millionSoFi TechnologiesSOFI$1.69 millionPositioning amid the market dropThese purchases come at a time when investors have been cautious toward crypto-linked equities. Over the last month, Circle stock fell 27.6%, Coinbase lost 16.9%, and Bullish dropped 26.3% in value.
By buying into crypto-connected stocks during a downturn over the last three sessions, ARK Invest notably increased its holdings in Coinbase and Circle.
During the same period, Bitcoin itself slid sharply, dropping to $58,190 and approaching its lowest levels in two years. Meanwhile, expectations have softened regarding the passage of the U.S. CLARITY Act ahead of the midterm elections this November.
Impact on ARK’s fundsMost of the newly purchased shares have been added to ARK Invest’s flagship ARK Innovation ETF, followed by the ARK Next Generation Internet ETF. The ARK Blockchain & Fintech Innovation ETF, which focuses on crypto and financial technology, also strengthened its portfolio with additional buys. Founded by Cathie Wood, ARK Invest is known for its investments centered on disruptive technology themes.
Beyond the crypto sector, ARK Invest also increased its positions in SpaceX and Palantir shares over the last three days, while reducing stakes in Alibaba, Roku, Strata Critical Medical, and several other companies.
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.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Key Highlights Shares of Siemens Energy advanced approximately 5% in Frankfurt on Tuesday following optimistic commentary about gas turbine market conditions. Company executives conducted a pre-close investor call Monday evening, confirming fiscal year targets and emphasizing robust order pipeline. Long-term annual gas turbine demand outlook increased to 110-120 gigawatts, representing an upgrade from the previous 100 gigawatt projection. Bank of America analysts project third-quarter total orders reaching €17.6 billion, exceeding Street estimates by roughly 4%. Complete third-quarter financial disclosure scheduled for August 5; updated 2030 strategic targets set for November 11 announcement. Shares of Siemens Energy (ENR) jumped approximately 5% during early Frankfurt session trading Tuesday, reaching 165.46 euros. The advance followed an investor conference call Monday evening where the German energy technology firm expressed strong confidence regarding gas turbine order momentum.
Siemens Energy AG, SMEGF
The Tuesday surge extends the stock’s year-to-date performance to almost 40%. This represents significant appreciation for a company that many market participants believed had already reached its cyclical peak.
During Monday’s discussion, executives directly addressed investor anxiety: the concern that 2026 could mark the apex of gas turbine demand. Leadership countered this narrative, emphasizing that market indicators show continued strength with substantial order visibility extending forward.
Wall Street Reactions Citigroup equity research suggested third-quarter gas turbine bookings might approximate the €9 billion levels recorded in earlier quarters this fiscal year. The firm highlighted that encouraging statements regarding near-term commitments and the 2027 order book should provide reassurance to concerned equity holders.
Morgan Stanley characterized the investor call as “modestly constructive versus market positioning.” The investment bank observed that Siemens Energy’s head of investor relations conveyed an optimistic message consistent with what long-positioned investors have maintained throughout recent months.
A particularly notable update: leadership elevated their structural gas turbine demand assessment to 110-120 gigawatts per year. This marks an increase from the 100 gigawatt framework presented during the November 2025 investor day presentation.
Some caution persists among analysts. Morgan Stanley noted that while near-term visibility appears solid, Siemens Energy’s own order intake will likely moderate during 2027 following this year’s exceptional performance.
Order Projections and Divisional Performance Bank of America forecasts aggregate third-quarter orders of €17.6 billion, approximately 4% above consensus expectations. The gas services segment appears especially robust, with projected orders of €9.0 billion—roughly 23% higher than Visible Alpha consensus figures.
The grid technology division presents a more measured outlook this quarter. Bank of America anticipates no mega-deals in that segment, with management guidance indicating a normalized €5 billion to €5.5 billion range following an outsized contract that boosted the previous quarter.
Grid technologies continue capturing substantial long-cycle opportunities. Approximately 2 billion euros in data-center-linked orders were secured during the first half alone, nearly equaling the total amount recorded throughout all of fiscal 2025.
Infrastructure electrification and artificial intelligence data center expansion remain central themes in management’s strategic narrative. Leadership emphasized that equipment demand for both power generation and transmission infrastructure continues rising as nations enhance and upgrade electrical grid capacity.
The Gamesa wind turbine division is progressing through its recovery phase. Siemens Energy maintains expectations that this business segment will achieve breakeven performance for the current fiscal year.
During May, the company reported a record order backlog and upgraded full-year financial guidance after delivering robust second-quarter performance. Current guidance targets comparable revenue expansion of 14% to 16% for the fiscal period ending September 30.
The profit margin before special items is projected in the 10% to 12% range, while net income for the year is forecast at approximately 4 billion euros. Siemens Energy will release comprehensive third-quarter financials on August 5.
Wall Street views that earnings release as an interim milestone rather than the primary catalyst. Analysts indicate the more significant market-moving event will be the company’s refreshed 2030 financial objectives, scheduled for presentation on November 11.
Key Takeaways Natural gas prices in Europe increased on Tuesday but remain set for their first quarterly decline since late 2023. The TTF benchmark in the Netherlands climbed 2% to reach 43.44 euros per megawatt-hour while maintaining a downward quarterly trend. Recent diplomatic agreements between the US and Iran have restored regular shipping operations through the Strait of Hormuz, alleviating supply concerns. Gas storage facilities across Europe are operating at approximately 48% capacity, significantly lower than previous years and historical benchmarks. EU officials maintain that current reserve levels are adequate to ensure energy security throughout the upcoming winter season. Wholesale natural gas markets in Europe experienced upward movement on Tuesday. However, the market continues to trend toward its first quarterly decrease in more than twelve months.
The Dutch TTF front-month contract, which serves as Europe’s primary natural gas benchmark, increased by 2% to settle at 43.44 euros per megawatt-hour. This positions the market for its first quarterly retreat in six consecutive quarters.
Dutch TTF Natural Gas Calendar (TTF=F) The United Kingdom’s wholesale gas futures also experienced a 2% uptick, closing at 104.57 pence per therm. British gas markets are poised for their first quarterly reduction in five quarters.
Factors Behind Recent Market Movements Earlier this year, prices surged dramatically amid military tensions involving Iran. The escalating situation generated significant anxiety regarding critical energy transportation corridors throughout the Middle East region.
Recent attacks on commercial vessels temporarily disrupted shipping lanes through the Strait of Hormuz last week. American and Iranian representatives are expected to convene in Doha today to continue diplomatic discussions.
Approximately twenty percent of global liquefied natural gas supplies transit through the Strait of Hormuz. Any interruption to this vital waterway typically creates upward pressure on international gas valuations.
A diplomatic ceasefire agreement reached earlier this month has enabled shipping operations to return to normal patterns. LNG shipments from Qatar and the United Arab Emirates that had been delayed are now reaching their intended destinations in global markets.
International oil prices have also stabilized to pre-conflict ranges. This normalization has eliminated some of the factors that had been propping up European natural gas and power prices.
Storage Capacity Issues Persist Despite the overall downward price trajectory, market analysts warn that insufficient storage volumes could prevent further price declines. Storage facilities throughout Europe currently hold just under 48% of their total capacity.
This represents a substantial decrease from the 56.2% storage level recorded during the corresponding period last year. The figure also trails the five-year historical injection average of 61%.
According to a Financial Times analysis referencing Wood Mackenzie data, European Union storage installations may conclude the refill period at approximately 76% capacity. This would represent the lowest peak storage capacity since at least 2011.
The storage deficit can be attributed to the Iranian military conflict, which prevented LNG deliveries through the Strait of Hormuz. Diminished output from production facilities in Qatar and the United Arab Emirates contributed additional pressure.
European storage infrastructure entered the injection season with only 28% capacity utilized. Current average levels throughout the continent hover near 48%.
The European Commission stated on Sunday that existing storage volumes do not represent an immediate threat to energy security. Officials emphasized that achieving 80% storage capacity is adequate to satisfy winter consumption requirements.
A commission representative indicated that storage levels are approximately 10% beneath pre-crisis historical averages. He further noted that natural gas consumption throughout the EU has declined by roughly 17%.
The commission has advised member nations to target storage levels of at least 75% to 80%. In previous years, the non-mandatory benchmark had been established at 90%.
Bitcoin and ether tested critical multiyear support levels, with ether at a price it has bounced from twice before and bitcoin near its lowest since late 2024.Open interest in dogecoin jumped to the highest since the October crash, but on negative funding and aggressive selling. BTC puts continued trading at a double-digit premium to calls, signaling demand for downside protection even though volatility indexes are subdued.A handful of tokens are bucking the trend, with stellar (XLM) holding gains from DTCC's Stellar integration news and lighter (LIT) up 23% over the past week on similarities to the outperforming HYPE token.Bitcoin BTC$58,923.36 fell 1.5% on Tuesday after failing to hold above $60,000 on Monday. It now trades at $59,250, looking set to challenge the weekend lows of $58,800. Ether (ETH) is down by 1.73% since midnight UTC, trading at $1,580 after failing to break through $1,640.
Both assets are now testing critical multiyear support levels. Ether has bounced from this level twice before, in April 2025 and October 2023, while bitcoin is trading around its lowest point since late 2024. A failure to hold would leave both tokens without an obvious floor.
The altcoin market saw exaggerated downside on Tuesday, with DeFi tokens ethena (ENA), jupiter (JUP) and ether.fi (ETHFI) all falling between 3.3% and 7.5% as risk appetite continues to wane.
The weakness stands in contrast to traditional markets, where U.S. equities have been steady since midnight. The S&P 500 and Nasdaq 100 futures posted gains of 0.03%, while the Dollar Index (DXY) added 0.25%.
Derivatives positioningHYPE, the native token of decentralized exchange Hyperliquid, has gained over 4.3% in the past 24 hours and is the only major token trading noticeably in the green. The rally looks spot-driven, and hasn't excited traders into taking on more derivatives risk for now. Open interest (OI) in HYPE futures remains around 40 million tokens, a level it's held since at least June 22.While overall positioning stays light, it leans bullish. Annualized funding rates are sitting close to 10%, a sign that perpetual futures are trading above the spot price.The biggest OI gainer of the past 24 hours among major cryptocurrencies is DOGE$0.07086, the largest memecoin by market value. Open interest has jumped to 16 billion tokens, the highest since the Oct. 10 crash and up from 13 billion a day earlier. The inflows look bearish rather than bullish, however, given the negative funding rates and negative 24-hour OI-adjusted cumulative volume delta. The CVD signals that sellers are the more aggressive side, hitting sell orders to cross the spread and fill their bearish bets at the best available bid.Bitcoin, ether and XRP futures markets offer little excitement, with open interest locked in recent ranges. Positioning in SOL remains elevated, with OI near record highs, a signal of potential volatility ahead.Volatility indexes continue to point to market calm. BTC's 30-day implied volatility gauge, BVIV, dropped by 11% to 44% on Monday and has held around that level since. Ether's equivalent index, EVIV, is telling the same story.On Deribit, BTC puts continue to trade at a 10%-plus premium to calls across all time frames, a sign of persistent downside concerns. ETH shows a similar pattern at the short end — weekly puts carry a comparable premium — while further out puts are noticeably cheaper than calls.Block flows featured a BTC short straddle, an options strategy that profits from low volatility and price consolidation.Token talkNative DeFi tokens struggled on Tuesday, and the negative sentiment didn't stop there. AI tokens FET, TAO and RENDER all fell, as did privacy coins zcash (ZEC) and monero (XMR).Even hyperliquid (HYPE), which has outperformed its peers in recent weeks, is trading at $65.3 after dropping by 2.2% on Tuesday. HYPE's chart appears to be in more of a consolidation phase after last month's rally as opposed to a corrective phase, this is characterized by two higher highs alongside two higher lows.One token in the black on Tuesday is stellar lumens (XLM). The token forked from Ripple in 2014 is maintaining bullish sentiment after DTCC, the largest U.S. financial markets clearinghouse, said it will connect its tokenized securities platform to the Stellar network in the first half of 2027. The announcement spurred a 100% rally in late May.Another token bucking the trend is lighter (LIT), which is benefiting from its similarities to HYPE in that it is the native token of a decentralized perpetual exchange. LIT is up by 23% over the past week, notching a double-digit gain in the past 24 hours alone.Related Assets
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Building the Zcash Machine: Tachyon and Quantum Readiness
Building the Zcash Machine: Tachyon and Quantum Readiness
Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.
3 hours ago
Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.
Why it matters:
Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.
Ouster (NASDAQ: OUST) shares jumped by more thab 28% on June 29, extending a multi-week rally that has taken the stock to near $55.
The move follows a stack of newly announced manufacturing and partnership deals tied to the company’s Rev8 lidar platform.
What Is Driving Ouster Stock HigherOuster is a San Francisco-based lidar company, founded in 2015 by Angus Pacala and Mark Frichtl, that makes high-resolution digital lidar sensors giving 3D vision to vehicles, robots, drones, and fixed infrastructure like traffic systems.
Year-to-date, the company is up 142%, but on Monday, it rose 28.68% in a single day. Trading volume on the rally days has run several times above Ouster’s average. The stock’s 52-week high was set in the same stretch at around $54.
Manufacturing and partnership deals tied to the company’s Rev8 lidar platform have seen OUST prices trending upwards. Image Source: Trading ViewThe centerpiece of the run is an expanded manufacturing partnership with Benchmark Electronics. Ouster is committed to building more than 100,000 Rev8 OS digital lidar sensors per year over a 10-year horizon, targeting industrial, robotics, automotive, and smart infrastructure customers.
Ouster also signed a multi-year agreement with AIM Intelligent Machines to supply Rev8 native-color lidar for autonomous heavy equipment. The deal targets retrofitting mining, construction, and defense machinery into self-driving fleets.
AIM designed its autonomy kit to install in under 24 hours without voiding equipment warranties, and it can run without cellular networks, cloud access, or GPS. That offline capability matters for remote mining sites and defense applications where no one can guarantee connectivity.
The Risks Behind the RallyOuster still isn’t making money. The company brought in about $169 million in revenue over the past year and keeps a healthy chunk of that as gross profit, but after covering operating costs, it’s losing money, and it’s burning cash too. On the plus side, Ouster has little debt and plenty of cash on hand, so it isn’t under pressure to raise money anytime soon.
That said, the stock price has run well ahead of the business itself. Investors are now paying a steep premium relative to Ouster’s sales. This is the kind of pricing that assumes a lot of future growth actually shows up. Company insiders have also sold tens of millions of dollars’ worth of shares over the past three months.
The real test comes at Ouster’s next earnings report on August 6. That’s when investors will find out whether the Benchmark, AIM Intelligent Machines, and FieldAI deals are actually turning into revenue. Or, whether the stock has gotten ahead of what the company can currently deliver.
Robotics and Government Deals Add MomentumA separate collaboration with FieldAI puts Rev8 lidar into general-purpose robots built for unstructured environments. The deal broadens Ouster’s addressable market beyond passenger vehicles into the wider robotics buildout.
Ouster’s BlueCity traffic management platform has also gone live at more than 40 highway sites near MetLife Stadium. The deployment creates a digital model of traffic flow ahead of matches for the FIFA World Cup. It added roughly 4% to the stock on the announcement.
Jay Hatfield, CEO of Infrastructure Capital Advisors, says a “power rally” is coming for stocks in July, driven by falling oil prices and softening inflation data.
Hatfield tells Fox Business he expects crude oil, which he says is headed toward $60 after dropping below $70, to help produce negative month-over-month CPI prints in July and August.
He thinks those readings should get Federal Reserve rate cuts priced into markets.
“We think we’re about to get into the real Goldilocks of the year because we’ve been bullish about oil going below 70, which most people thought was wrong. We think we’re gonna get to 60.
We think we’re going to have a negative print on CPI both in July and August for the prior months, and that’s going to start to get Fed rate cuts priced in.”
Hatfield says that broad-based summer earnings reports and not just results from chip companies typically make July strong for stocks.
He also believes the market’s resilience during June’s sector rotation supports his 9,000 target for the S&P 500.
Key Takeaways Micron’s stock has skyrocketed 232% during the current quarter, more than quadrupling year-to-date in 2026. Premarket trading on Tuesday saw shares hovering between $1,141 and $1,145, just shy of recent peak levels. The company has secured long-term supply agreements with minimum pricing that may account for approximately 40% of total revenue, with plans to expand this percentage. UBS projects gross profit margins will stabilize between 70%-75%, significantly exceeding the previous 2018 record of around 62%. Industry analyst Gil Luria suggests Micron’s valuation could potentially quadruple if artificial intelligence demand continues through the end of the decade. Shares of Micron Technology showed minimal movement in early Tuesday trading, dipping approximately 0.1% to $1,144.00 during premarket hours. This marginal shift comes after an extraordinary rally that has captivated semiconductor investors throughout the year.
Micron Technology, Inc., MU
Data from Dow Jones Market Data reveals the stock has posted a remarkable 232% gain during the current quarter. Since the beginning of 2026, shares have increased more than fourfold.
Such dramatic appreciation has attracted significant attention from retail investors while simultaneously introducing increased volatility. Market participants are now closely monitoring indicators that might signal a potential correction.
The memory semiconductor industry operates in cyclical patterns of expansion and contraction. This week brought announcements from South Korean chip manufacturers regarding additional production capacity, raising concerns among some traders about potential future oversupply conditions.
However, Micron has implemented strategies designed to buffer against these traditional market fluctuations. The corporation has been establishing multi-year supply agreements that guarantee baseline pricing structures.
Profit Margins and Artificial Intelligence Dynamics These supply contracts currently account for approximately 40% of Micron’s total revenue stream, with corporate leadership targeting further expansion of this coverage. UBS analyst Timothy Arcuri interprets this strategy as an indication that Micron anticipates maintaining gross profit margins within the 70%-75% range.
While this represents a decline from the exceptional 85% margin achieved in the most recent quarter, it substantially surpasses the approximately 62% peak the company reached during 2018. Arcuri maintains a Buy rating on the stock with a price target of $1,625.
The consensus Wall Street price target currently stands at $1,543, according to FactSet data. Within the past week, both Cantor Fitzgerald and Barclays have established price objectives as high as $2,000.
The bullish investment thesis centers heavily on artificial intelligence applications. Micron’s high-bandwidth memory products are integral components in Nvidia’s AI infrastructure, where demand has remained robust.
Competition from Chinese manufacturers has yet to materially impact this narrative. CXMT, a Chinese memory chip producer, disclosed in its initial public offering documentation that its production volume falls short of domestic requirements, constraining its capacity to serve clients such as Apple.
D.A. Davidson analyst Gil Luria believes the market is fundamentally undervaluing the AI memory sector. In a CNBC interview, he argued that Micron and Nvidia are trading as though AI capital expenditure is approaching its zenith, while equipment and networking stocks reflect pricing consistent with sustained growth extending to 2030.
Luria suggested this valuation discrepancy could indicate Micron deserves a market value approximately four times its current level if AI infrastructure investment maintains its trajectory. He emphasized that Micron trades at merely eight to nine times earnings, contrasting sharply with the 40 to 50 times multiples typical of many CPU-focused semiconductor companies.
Technical Analysis Micron’s current price positioning places it significantly above all major moving averages, indicating the long-term trend remains positive. The stock trades approximately 9.8% above its 20-day moving average of $1,044.12 and an impressive 166% above its 200-day moving average of $430.86.
This substantial gap has prompted traders to anticipate a potential near-term consolidation. The MACD technical indicator has crossed below its signal line, suggesting momentum may be weakening despite the continuation of the overall upward trajectory.
The 52-week peak reached $1,255. Technical support levels are identified near the 20-day moving average, with April’s previous low serving as the subsequent reference point should selling pressure intensify.
Micron also demonstrates strong performance across Benzinga Edge’s momentum, quality, and growth metrics. Its value rating is comparatively low, reflecting the premium valuation investors currently assign to the shares.
The semiconductor manufacturer holds significant positions in multiple exchange-traded funds, including the Invesco S&P 500 Momentum ETF, the Invesco PHLX Semiconductor ETF, and the Global X DAX Germany ETF. Micron Technology shares were last quoted down 0.11% at $1,144.00 during Tuesday’s premarket trading session.
Key Takeaways Uber has terminated its autonomous vehicle collaboration with Alphabet’s Waymo in Phoenix, Arizona. The rideshare company is currently arranging a replacement autonomous vehicle partnership in Phoenix with an undisclosed provider. Waymo robotaxis continue operating through Uber’s platform in Austin and Atlanta markets. The partnership dissolution comes after Waymo issued a recall affecting approximately 3,900 self-driving vehicles due to software defects. Analysts maintain a Strong Buy rating on UBER stock with projected upside of 43.2%, though shares are down 8% in 2026. Uber Technologies (UBER) shares declined 0.92% following confirmation that the rideshare giant has discontinued its autonomous vehicle collaboration with Alphabet’s (GOOGL) Waymo subsidiary in the Phoenix, Arizona market. Meanwhile, GOOGL shares rose 4.82%, though this movement doesn’t appear connected to the partnership termination.
Uber Technologies, Inc., UBER
The dissolution of the Phoenix arrangement concludes a collaboration initially established in 2023. That original agreement integrated Waymo’s self-driving vehicles into Uber’s ride-hailing ecosystem and food delivery operations.
According to a Waymo representative, the autonomous vehicles previously deployed in the Phoenix pilot program have been reintegrated into Waymo’s proprietary fleet. Phoenix residents can continue accessing these robotaxis exclusively through Waymo’s dedicated application rather than Uber’s platform.
Phoenix’s Role as First Test Market The Phoenix market served as the inaugural testing ground for the Uber-Waymo collaboration. An Uber representative characterized the deployment as “an intentionally limited deployment,” involving approximately a dozen vehicles specifically allocated to this pilot program.
This relatively modest fleet size reflects the experimental nature of the Phoenix operation compared to Uber’s broader self-driving vehicle strategy. Despite terminating the Waymo arrangement, Uber maintains its commitment to autonomous vehicle services in Phoenix. The company is currently finalizing arrangements with an alternative AV provider, though the partner’s identity remains undisclosed.
Waymo’s robotaxis haven’t been completely removed from Uber’s service offerings. Customers in Austin and Atlanta can still access Waymo’s autonomous vehicles through the Uber application.
The partnership termination timing carries significance. This development follows Waymo’s recent recall of nearly 3,900 self-driving vehicles nationwide.
The recall targeted a software malfunction that potentially allowed vehicles to enter closed freeway construction areas and continue operating. Reuters identified the recall as contextual background for the Phoenix partnership dissolution, though neither organization has explicitly connected these events.
Uber’s Comprehensive Autonomous Vehicle Approach Uber has been aggressively expanding its autonomous vehicle partnership portfolio beyond Waymo. Current collaborators include Rivian, Amazon’s Zoox division, China-based Pony.AI, and Croatian startup Verne.
Notably absent from Uber’s AV partner roster is Tesla. The rideshare platform has not established any robotaxi arrangements with Elon Musk’s electric vehicle manufacturer.
During the first quarter 2026 earnings conference call, CEO Dara Khosrowshahi provided growth metrics to investors. He reported that autonomous vehicle mobility trips facilitated through Uber’s platform surged more than 1,000% compared to the previous year.
Uber currently operates autonomous ride services across eight metropolitan areas. Management has outlined expansion objectives to reach up to 15 cities before year-end.
Wall Street analysts remain optimistic about Uber’s prospects despite the stock’s challenging 2026 performance. The Strong Buy consensus recommendation reflects 28 Buy ratings alongside only two Hold ratings.
The average analyst price target stands at $108.12, suggesting potential upside of 43.2% from present trading levels.
UBER shares have declined 8% year-to-date, contrasting with the favorable analyst outlook. The company has not provided a timeline for revealing its new Phoenix autonomous vehicle partnership.
Bitcoin Slips Below $59,000 as Volatility Spikes$BTC fell below the $59,000 mark on June 30, posting a 2.1% intraday loss as market volatility picked up sharply in the final hours before a major regulatory deadline. The move triggered over $145 million in leveraged long liquidations, pushing Bitcoin into a high-velocity liquidity pocket as bulls failed to defend a level that had held for much of the year.
Bitcoin traded at $59,270 on June 30, 2026, after a weekly close below $60,000 flipped this year's key support into fresh resistance. The structural significance of the $60,000 level extends beyond technicals. The $60,000 level carries technical importance due to over $1.2 billion in put options open interest at that strike.
The broader selloff has been building for weeks. Multiple pressures converged: a sharp selloff in AI and semiconductor stocks, record Bitcoin ETF outflows, a potential delay to the US CLARITY Act, and early selling signals from long-term holders. June set a record with $4.06 billion in net ETF redemptions, topping February 2025's $3.56 billion, with BlackRock's IBIT driving roughly three-quarters of the outflows.
MiCA Deadline Adds Pressure Across European MarketsThe price dislocation comes as the crypto industry confronts one of its most significant regulatory inflection points in Europe. Crypto companies operating in the European Economic Area face a July 1, 2026 enforcement deadline under the Markets in Crypto-Assets Regulation (MiCA). From that date, platforms offering crypto services without MiCA authorization must stop serving clients across the bloc.
July 1, 2026 is the hard enforcement deadline across the European Economic Area. The European Securities and Markets Authority (ESMA) has confirmed there will be no extension. After that date, any entity providing crypto-asset services to EU clients without a MiCA license is in breach of EU law and must stop. Critically, there is no intermediate or pending status: a firm is either authorized or it is not.
Only around 210 of the 1,200-plus VASP entities that held pre-MiCA national registrations have converted to full CASP authorization, a conversion rate of roughly 17%. Major exchanges including Kraken, Coinbase, Bitstamp, Bitpanda, OKX, and Crypto.com have secured licenses, but ten EU jurisdictions have yet to issue a single CASP authorization. Crypto firms operating in the EU must secure licenses before July 1, 2026 or risk losing access to European customers, and regulators in France have warned that non-compliant companies could face enforcement action or blacklisting.
The combination of forced exchange restructuring across Europe and mounting macro pressure has left $BTC exposed heading into the second half of 2026. Bitcoin has fallen 31.7% year-to-date and is 52.6% below its October 2025 all-time high of $126,272.
This article is for informational purposes only and does not constitute investment advice.
Sources:
IG UK: Why has Bitcoin crashed below $60,000?
Bitcoin.com: MiCA Deadline Hits July 1 as Unlicensed Crypto Platforms Face EU Shutdown Risk
Yahoo Finance: July 1 MiCA Deadline Looms: More Than 80% of EU Crypto Firms Still Unlicensed
Key HighlightsStrategic Acquisition Delivers Critical Sodium Technology CapabilitiesTransaction Accelerates Development Timeline and Mitigates Technical UncertaintiesTransaction Expands Oklo’s Comprehensive Nuclear Technology EcosystemGet 3 Free Stock Ebooks OKLO climbs in pre-market sessions following 1.19% gain to reach $53.39
Company acquires Creative Engineers to enhance Aurora reactor sodium capabilities
Transaction delivers liquid-metal expertise, manufacturing capacity, and validation capabilities
Approximately 20 specialized professionals join Oklo’s technical workforce
Strategic move accelerates timeline and minimizes development uncertainties
Shares of Oklo Inc. (OKLO) advanced in early trading following the company’s announcement of its Creative Engineers, Inc. acquisition, which enhances its sodium engineering capabilities for the Aurora powerhouse initiative. The stock increased 1.19% to $53.39 in pre-market activity after finishing the previous session 5.52% higher at $52.76. This strategic transaction provides Oklo with enhanced oversight of critical liquid-metal technologies as commercialization approaches.
Strategic Acquisition Delivers Critical Sodium Technology Capabilities Oklo announced that the transaction incorporates CEI’s chemical process engineering capabilities into its advanced nuclear technology platform. The acquisition delivers enhanced competencies in sodium-based systems, manufacturing operations, component engineering, and applied scientific research. Consequently, this strategic move directly reinforces the technical infrastructure supporting Oklo’s sodium-cooled Aurora reactor platform.
Creative Engineers brings nearly three decades of specialized experience with sodium, sodium-potassium compounds, and lithium-based systems since establishing operations in 1996. The firm’s portfolio encompasses remediation and deactivation activities associated with prominent nuclear sodium initiatives. These landmark projects include the Fast Flux Test Facility, Fermi 1, and Experimental Breeder Reactor II programs.
The relationship between Oklo and CEI extends back multiple years prior to this formal acquisition. Previous collaborative efforts encompassed sodium circulation systems, measurement instrumentation, pumping equipment, and specialized safety protocols. Therefore, Oklo is now integrating a proven technical collaborator directly into its core development operations.
Transaction Accelerates Development Timeline and Mitigates Technical Uncertainties Oklo anticipates that CEI will enable accelerated engineering processes and improved availability of sodium-handling competencies. The company further projects that this acquisition will minimize uncertainties surrounding specialized infrastructure, validation procedures, manufacturing operations, and workforce development. This strategic importance stems from sodium systems serving as foundational components in Aurora’s planned commercialization strategy.
The Aurora platform utilizes a sodium-cooled fast reactor architecture featuring liquid-metal thermal management and inherent safety mechanisms. The engineering approach incorporates natural convection principles to facilitate residual heat dissipation following reactor shutdown. CEI’s specialized sodium experience aligns precisely with Oklo’s reactor development and operational deployment requirements.
The acquisition delivers approximately 20 specialized professionals—including engineers, manufacturing technicians, and welding specialists—to Oklo’s technical and production operations. The business unit also contributes positive free cash flow generation, according to company statements. CEI will maintain service relationships with its established commercial clients throughout the nuclear industry.
Transaction Expands Oklo’s Comprehensive Nuclear Technology Ecosystem Oklo focuses on developing fast fission energy systems designed to deliver clean, dependable, and economically viable power generation on a worldwide scale. The organization also pursues critical isotope production capabilities and advanced nuclear fuel reprocessing technologies. Its fuel recycling strategy targets the conversion of spent nuclear materials into viable energy resources.
The company maintains a site authorization permit issued by the U.S. Department of Energy for advanced fission facility deployment. It has also obtained fuel materials from Idaho National Laboratory to support its development initiatives. Oklo has filed a customized combined license application with the U.S. Nuclear Regulatory Commission.
Creative Engineers functions as a process engineering and modular fabrication enterprise with specialized reactive metals proficiency. Its operational scope encompasses pilot-scale research apparatus, liquid-metal infrastructure, and chemical manufacturing systems. Through this transaction, Oklo reinforces its Aurora development trajectory while simultaneously acquiring specialized nuclear production capabilities.
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]
Jupiter’s liquidity pool just got a new tenant. JupUSD, the platform’s native stablecoin, has been added to the Jupiter Liquidity Pool as a custody asset, expanding JLP’s asset roster to six tokens and triggering a call for all integrators to update their systems accordingly.
The move, announced on June 30, means JLP now holds SOL, ETH, BTC, USDC, USDT, and JupUSD. For anyone building on top of Jupiter’s infrastructure, that’s not just a nice headline. It’s a to-do list item with a deadline of yesterday.
What JupUSD actually is, and why it matters for JLP JupUSD launched in January 2026 through a partnership between Jupiter and Ethena Labs. Approximately 90% of JupUSD’s reserves sit in USDtb, a stablecoin collateralized by BlackRock’s tokenized funds. The remaining 10% lives in a USDC liquidity buffer held through institutional custody managed by Anchorage Digital.
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The stablecoin maintains 1:1 redeemability, backed by what Jupiter has described as clear and transparent reserves. Adding JupUSD as a custody asset within JLP supports transitions between collateral assets and deepens integrations across Jupiter’s product suite, including lending and perpetual contracts. For the Jupiter Perps platform specifically, JupUSD is designed to enhance both liquidity depth and yield capture.
The integration mechanics and what developers need to know Any protocol, tool, or application that reads JLP’s asset composition, calculates pool weights, or routes trades through Jupiter’s infrastructure needs to recognize JupUSD as a valid custody asset. Failing to update could mean broken integrations, incorrect balance calculations, or trades that don’t execute as expected.
In late June 2026, a RedStone oracle feed was added for JupUSD to improve its usability across Solana DeFi. Without reliable price feeds, a stablecoin can’t be used as collateral, can’t be swapped efficiently, and can’t participate in liquidation mechanisms. For JLP holders, Jupiter’s liquidity pool fees typically return 75% to asset holders, creating a yield opportunity that now benefits from JupUSD’s additional liquidity and trading volume.
What this means for investors and traders For JLP holders, adding a stablecoin with institutional-grade backing potentially reduces the pool’s overall volatility profile while maintaining yield generation through trading fees. For traders on Jupiter Perps, JupUSD as a custody asset means another option for collateral management.
The risk side of the equation centers on concentration. JupUSD’s backing is heavily weighted toward USDtb at roughly 90%, which means its stability is effectively a derivative of BlackRock’s tokenized fund performance and USDtb’s own redemption mechanisms. If USDtb were to experience any disruption, JupUSD’s peg would face immediate pressure, and by extension, so would JLP’s composition. The 10% USDC buffer provides some cushion, but it’s a thin one relative to the USDtb exposure.
Developers and protocol teams building on Jupiter should prioritize the integration update. The addition of a new custody asset changes pool math, and any delay in updating could expose users to unexpected behavior in swaps, liquidations, or yield calculations. Given that Jupiter has already laid the oracle groundwork with RedStone, the technical barriers to integration should be manageable.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Listed company Solana Company will support the construction of Kazakhstan’s $6 billion crypto supercity.
Nasdaq-listed crypto asset management firm Solana Company has signed a memorandum of understanding (MOU) with Kazakhstan’s Alatau City to assist in developing the city’s blockchain and cryptocurrency infrastructure. The partnership stems from a June roadshow held in Shenzhen and Hong Kong, during which 30 cooperation agreements were already secured, with total potential investment exceeding $6 billion. The collaboration will span four key areas: digital asset custody, blockchain infrastructure, acceleration of institutional adoption, and platform development. Solana Company will also participate in constructing the Alatau Crypto Industrial Cluster, a special economic zone pilot that allows daily cryptocurrency transactions. Notably, Kazakhstan previously partnered with the Solana Foundation to establish Central Asia’s first Solana Economic Zone in the capital, Astana. Last week, a Kazakh exchange launched the country’s first Solana ETF. Alatau City is part of Kazakh President Kassym-Jomart Tokayev’s smart city vision, proposed in May 2024, which encompasses low-altitude aircraft, robot taxis, and a hydrogen-driven economy. However, the project faces real challenges: Kazakhstan’s central bank and financial regulators have raised concerns over the constitutional amendments required to underpin the crypto economy, while independent media reports indicate local residents still grapple with shortages of gas, water, electricity, and internet access.
2 minutes ago
7-day countdown to SpaceX’s Nasdaq debut: a whale has opened a $3.26 million long position in SPCX early.
According to Hyperinsight’s monitoring, as SpaceX is added to the Russell 1000 Index today, it is just 7 days away from its official inclusion in the Nasdaq 100 Index on July 7. The market expects this index adjustment to bring around $4.3 billion in passive allocation funds. On Hyperliquid, SPCX (SpaceX) has risen 3.6% over the past 24 hours, currently trading at $163, with a 24-hour trading volume of approximately $230 million and open interest of $199 million. Overall, million-dollar-level large positions in SPCX on Hyperliquid are net bearish: nominal short positions stand at roughly $70.9 million, while long positions total $49.15 million, making short positions 1.44 times larger than longs. The average entry price for these large short positions is around $167.7, with the latest liquidation price at approximately $193.1. Notably, the current largest short whale opened a short position with 2x leverage about 5 days ago, holding positions worth roughly $11 million at an average entry price of $155.5. As SPCX continues to rebound, its unrealized loss has expanded to around $452,000. Meanwhile, funds have begun positioning in advance for the index inclusion rally. Today, an address starting with 0xe4c opened a new $3.26 million long position in SPCX with 8x isolated leverage, at an average entry price of $160.5 and liquidation price of $144. As of press time, this position has gained about 13% in unrealized profit, representing the largest new long position added recently.
2 minutes ago
SK Hynix files for listing on NASDAQ.
According to market reports, SK Hynix has submitted an application for listing on the Nasdaq. On June 24, SK Hynix announced plans to raise up to 45 trillion won (approximately 290 billion US dollars) via an American Depositary Receipt (ADR) offering. The ADRs will be listed in July, and the proceeds will be used to build a factory in South Korea and purchase EUV equipment.
2 minutes ago
Samsung Electronics submits latest HBM patent to solve reliability challenges of high-stacked memory.
Citrini researcher Jukan has revealed that Samsung Electronics has filed a new HBM patent, which addresses reliability challenges of high-stacked (12+ layers) memory by improving the structure of the topmost dummy die. The patent’s core design features a three-step stepped plus convex curved surface on the dummy die’s side, adopting a deep trench sawing process to reduce warpage, cracks and delamination, while optimizing thermal management and bonding interface cleanliness. Targeting 16+ layer products like HBM5, this innovation can notably boost yield and long-term stability, helping Samsung strengthen its competitiveness in the AI high-bandwidth memory market.
Citigroup noted that put positions on the Nasdaq and S&P 500 are accumulating, with elevated long positions leaving the Nasdaq vulnerable to further sell-offs. Meanwhile, investors continue to rotate into small-cap stocks. In Europe, waning capital inflows signal fragile market sentiment, while Asia exhibits mixed positioning: bullish bets in South Korea and heavy bearish positions in Hong Kong have heightened the risk of short squeezes.
MEXC, a pioneer in 0-fee digital asset trading, today announced the listing of Ondo’s tokenized Strategy’s preferred stock on its spot market, further expanding its tokenized U.S. stock offerings.
STRCON tracks Strategy Pref (STRC), Strategy’s preferred stock. The company formerly known as MicroStrategy, Inc., is the world’s largest corporate holder of bitcoin, with holdings of 847,363 BTC as of June 21, 2026, according to company filings. The STRCON/USDT spot trading pair will be listed at 14:00 (UTC) on June 30, 2026. Deposits opened earlier the same day at 08:00 (UTC). Full listing details are available in MEXC’s official announcement.
Ondo Global Markets is a tokenization platform focused on bringing real-world assets on-chain. It provides non-U.S. investors with instant access to tokenized U.S. stocks, ETFs, and other securities. Ondo Global Markets surpassed $1 billion in total value locked in May 2026 and accounts for more than 70% of the tokenized equity issuer market, according to RWA.xyz data. MEXC’s ongoing collaboration with Ondo continues to expand access to the U.S. stock market for users through tokenized assets.
As a one-stop trading platform, MEXC is committed to providing users with diverse access to global markets. Beyond Ondo’s tokenized U.S. equities, MEXC also offers “RealStocks,” a product that allows users to hold real share ownership and dividends within the crypto trading environment they already use.
About MEXC
MEXC is the world’s fastest-growing cryptocurrency exchange, trusted by more than 40 million users across 170+ markets. Built on a user-first philosophy, MEXC offers industry-leading 0-fee trading and access to over 3,000 digital assets. As the Gateway to Infinite Opportunities, MEXC provides a single platform where users can easily trade cryptocurrencies alongside tokenized assets, including stocks, ETFs, commodities, and precious metals.
MEXC Official Website｜ X ｜ Telegram ｜How to Sign Up on MEXC
This content does not constitute investment advice. Given the highly volatile nature of the cryptocurrency market, investors are encouraged to carefully assess market fluctuations, project fundamentals, and potential financial risks before making any trading decisions.
Hyperliquid added to Singapore's Investor Alert ListThe Monetary Authority of Singapore (MAS), the city-state's central bank and financial regulator, has added decentralized perpetuals exchange Hyperliquid to its Investor Alert List.
The entry, added on Friday, includes the Hyper Foundation website and the Hyperliquid trading app.
The Investor Alert List is a consumer protection measure that identifies entities that may be wrongly perceived as licensed or regulated by MAS. Inclusion on the list does not constitute a ban or enforcement action.
MAS added crypto exchange Bybit to the list on June 17 and KuCoin and Bitget also appear.
Hyperliquid said that it has never claimed to be licensed or authorized by MAS and that nothing about its permissionless infrastructure has changed.
Don't look at this if you are in Singapore. (Hyperliquid)Don't look at this if you are in Singapore. (Hyperliquid)
Indonesia sets certification rules for influencers recommending cryptoIndonesia’s financial regulator has introduced certification requirements for influencers who recommend crypto and other digital financial assets, as the country expands oversight of financial promotions on social media.
Under Financial Services Authority Regulation No. 6 of 2026, announced Wednesday, individuals recommending digital assets must obtain competency certifications unless they are already subject to a separate licensing requirement.
Influencers may recommend only digital assets listed on authorized exchanges, while any service provider they recommend must also be licensed. Marketing campaigns must be conducted through regulated financial services businesses, which are responsible for the promotional content, and distributed through their official communication channels.
Indonesia joins a growing number of jurisdictions tightening oversight of financial influencers, also called finfluencers, with Australia and the United Kingdom introducing broader rules for investment promotions and the Philippines adopting crypto-specific marketing restrictions.
South Korean authorities fine Bithumb $136K over sharing user information overseasSouth Korean cryptocurrency exchange Bithumb was order to pay a $136,000 fine after it was found to have breached personal information protections rules when it sent user data overseas.
In a Thursday notice, the country's Personal Information Protection Commission (PIPC) said that its investigation into Bithumb found that the exchange had “transferred personal information overseas without the separate consent of the data subjects during the process of order book sharing and virtual asset transfer with overseas virtual asset exchanges.”
The incident was connected to Bithumb sharing its Tether (USDT) order books between September and November 2025 with BingX, despite obtaining consent to share the data with Stellar, as well as sharing user information with 13 overseas exchanges.
BithumbSource: PIPC
SBI to acquire Bitbank in $289M deal creating Japan's biggest crypto exchangeJapan’s SBI Holdings has signed agreements to acquire full control of crypto exchange Bitbank through a 46.7 billion Japanese yen ($289 million) transaction, advancing a deal first disclosed in May that would create the country's biggest crypto exchange.
SBI expects the transaction to close around October, subject to regulatory clearance.
The acquisition would expand SBI’s regulated crypto exchange footprint and customer base, giving it another potential distribution channel for the stablecoins, tokenized assets and onchain financial products.
Bitbank's daily trading volume has hovered below $50 million for most of the last four months, CoinGecko data showed. Volume is dominated by the BTC/JPY pair (39.5%), followed by XRP/JPY and ETH/JPY (both at 19.7%).
SBI said combining Bitbank with SBI VC Trade would give the group about 1.1 trillion yen in assets under custody and roughly 2.92 million crypto accounts, meaning the combined business would rank first among Japanese crypto exchanges.
Chainlink joins European and Korean bank consortia to develop FX settlement networkChainlink has joined a working group with European and South Korean banking organizations to explore the use of stablecoins for foreign exchange (FX) settlement.
The protocol has announced Project Pangea alongside South Korean digital asset infrastructure company FairSquareLab, the Unified Korea Alliance (UniKA) — a consortium that includes more than a dozen Korean commercial banks — and Qivalis, a euro stablecoin consortium backed by 37 European banks.
Project Pangea aims to bring together financial institutions across Europe and South Korea to evaluate direct, atomic swaps of euro- and South Korean won-denominated stablecoins using Chainlink’s data infrastructure alongside FairSquareLab’s onchain foreign exchange settlement technology.
The initiative is another example of financial institutions evaluating stablecoins for wholesale financial infrastructure rather than consumer payments. According to the Bank for International Settlements, the global foreign exchange market processes roughly $9.6 trillion in daily trading volume.
South Korea adds token securities to capital market overhaulSouth Korea’s financial regulator folded token securities infrastructure into a broader overhaul of the country’s capital markets, alongside plans for faster settlement, longer trading hours and greater use of artificial intelligence.
On Tuesday, the Financial Services Commission (FSC) said it had launched a capital market infrastructure review meeting to coordinate reforms across government agencies and market operators. According to the FSC, plans for token securities will be further discussed separately through a public-private council before being linked to the wider initiative.
The initiative includes a roadmap for shortening the securities settlement cycle, expected by October, and a Korea Securities Depository (KSD) system for settling over-the-counter trades in unlisted shares and fractional investment products by the end of 2026.
Circle, Nomura eye Japan corporate FX with stablecoin settlement: ReportStablecoin issuer Circle and Japan's largest investment bank Nomura have reportedly partnered to enable instant foreign exchange settlement for Japanese companies as early as 2027.
The service would enable companies to convert yen into dollar-denominated stablecoins for cross-border transactions and instant settlement, reducing delays caused by banking hours and time zone differences, Nikkei reported on Thursday.
The partnership would bring one of the world's largest dollar stablecoins into Japan's corporate foreign exchange market, expanding the use of stablecoins for business-to-business cross-border settlement.
Australian regulator extends no-action period for crypto licensingThe Australian Securities and Investments Commission (ASIC) has given digital asset businesses another three months (to September 30) apply for licenses required under its updated regulatory guidance.
The extension applies to businesses seeking an Australian Financial Services (AFS) license, as well as companies that may require market or clearing and settlement authorizations.
The regulator said it has received about 30 license applications since updating its digital asset guidance in October 2025 to clarify that many crypto products are financial products under the law and require an AFSL.
It noted its recent court victory against BlockEarner emphasized that point.
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.
Hyperliquid’s prediction markets just crossed $80 million in daily trading volume for the first time. For a feature that launched barely two months ago, that’s the kind of number that makes competitors recalibrate their roadmaps.
The milestone comes from HIP-4, Hyperliquid’s binary outcome market framework that went live around May 2, 2026. It lets users trade on the outcomes of various events, from cryptocurrency price movements to macroeconomic indicators, all on-chain, all permissionless.
From perpetuals to predictions When HIP-3 launched its mainnet on October 13, 2025, the first deployed market was XYZ100, a perpetual contract tracking roughly 100 non-financial US-listed companies. Within two weeks, by October 28, 2025, XYZ100 was already pulling in over $80 million in daily trading volume with approximately $70 million in open interest.
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Deployers earned more than $100,000 in fees during that initial stretch. Launching a HIP-3 market requires staking a minimum of 500,000 HYPE, which was valued at around $25 million at the time. The fee structure splits revenue 50/50 between the protocol and the deployer.
By mid-2026, cumulative volume across the platform reached into the trillions.
Taking a bite out of Polymarket Bitcoin outcome markets on Hyperliquid captured roughly 20% of the 24-hour volume compared to Polymarket within just 25 days of HIP-4’s launch. Individual prediction markets on HIP-4 have been posting millions in daily volumes. Protocol open interest in prediction markets peaked at around $25 million near the end of June 2026.
What this means for HYPE holders and the broader market For HYPE token holders, the staking yield was hovering around 2.2% in late 2025. Every new market that goes live on HIP-3 or HIP-4 requires deployers to stake 500,000 HYPE minimum, locking up a meaningful chunk of HYPE supply.
The risk here is concentration. Hyperliquid commands a dominant share of on-chain perp volume, which means a single protocol handling that much activity is also a single point of failure. Smart contract risk, oracle manipulation, and liquidity cascades are all amplified when one platform is the center of gravity for an entire trading vertical.
There’s also the question of regulatory scrutiny. Prediction markets that track US-listed equities and macroeconomic outcomes aren’t exactly flying under the radar. The CFTC has historically taken a dim view of unregistered derivatives platforms offering event contracts to US persons, and Hyperliquid’s permissionless architecture means there’s no KYC gatekeeper deciding who gets to trade.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Binance Alpha will delist TTD, OIK, LUNAI, TOWN, VINU, PUP, CYPR, and DGRAM.
Per an official announcement, following a recent review, the below tokens fail to meet Binance Alpha’s criteria and will be removed from its recommended list on June 30, 2026, at 18:30 (UTC+8): TTD (TradeTide), OIK (Space Nation), LUNAI (Luna by Virtuals), TOWN (Alt.town), VINU (Vita Inu), PUP (PUP), CYPR (Cypher), DGRAM (Datagram Network).
3 minutes ago
Qatar's Ministry of Foreign Affairs spokesperson: There are currently no plans to hold a high-level meeting between the United States and Iran.
A spokesperson for Qatar’s Ministry of Foreign Affairs stated that U.S. Special Presidential Envoy Steve Witkoff and Jared Kushner, son-in-law of former U.S. President Donald Trump, will travel to Qatar to meet with mediators to discuss negotiation matters. No high-level meeting between the United States and Iran is currently planned.
3 minutes ago
Binance Alpha opens the second round of COLLECT airdrop claims.
Binance Alpha has opened claims for the second round of the Collect on Fanable token COLLECT airdrop rewards. Users holding at least 224 Alpha points can claim 800 COLLECT tokens on a first-come, first-served basis. If the reward pool is not fully distributed, the point threshold will be lowered.
3 minutes ago
Michael Saylor’s First Public Statement Following MicroStrategy’s New Policy: Stronger Credit, Stronger Equity, More Bitcoin
MicroStrategy founder Michael Saylor delivered his first public remarks after the release of the "Digital Credit Capital Framework": "Stronger credit, stronger equity, more Bitcoin." Saylor’s declaration appears to explain the motivation behind the launch of the framework—specifically, the strategic logic of achieving more Bitcoin holdings by strengthening credit and equity structures.
3 minutes ago
SK Hynix plans to order semiconductor testing equipment, with a total price of up to $259 million.
SK Hynix is negotiating with semiconductor equipment manufacturers over the supply of semiconductor testing equipment needed for its Cheongju P&T7 plant. Equipment suppliers are verbally coordinating the number of units that can be delivered next year. The equipment industry forecasts the plant will order around 200 units, including HBM4 testers. At a price of 1.5 billion to 2 billion won per unit, the total cost could reach up to 400 billion won (approximately $259 million). (TheElec)
3 minutes ago
Jefferies reaffirms buy rating for AVGO, sets target price at $550.
Jefferies analyst Blayne Curtis reiterated a Buy rating on AVGO and set a $550 price target, noting that the recent pullback in the stock creates a buying opportunity, with fiscal 2028 EPS projected to reach $30–$40. The analyst emphasized that Broadcom’s TPU roadmap is advancing as planned, the long-term agreement signed with Google through 2031 guarantees minimum revenue, and concerns over competition from MTK are overstated.
Binance Alpha will delist TTD, OIK, LUNAI, TOWN, VINU, PUP, CYPR, and DGRAM.
Per an official announcement, following a recent review, the below tokens fail to meet Binance Alpha’s criteria and will be removed from its recommended list on June 30, 2026, at 18:30 (UTC+8): TTD (TradeTide), OIK (Space Nation), LUNAI (Luna by Virtuals), TOWN (Alt.town), VINU (Vita Inu), PUP (PUP), CYPR (Cypher), DGRAM (Datagram Network).
3 minutes ago
Qatar's Ministry of Foreign Affairs spokesperson: There are currently no plans to hold a high-level meeting between the United States and Iran.
A spokesperson for Qatar’s Ministry of Foreign Affairs stated that U.S. Special Presidential Envoy Steve Witkoff and Jared Kushner, son-in-law of former U.S. President Donald Trump, will travel to Qatar to meet with mediators to discuss negotiation matters. No high-level meeting between the United States and Iran is currently planned.
3 minutes ago
Binance Alpha opens the second round of COLLECT airdrop claims.
Binance Alpha has opened claims for the second round of the Collect on Fanable token COLLECT airdrop rewards. Users holding at least 224 Alpha points can claim 800 COLLECT tokens on a first-come, first-served basis. If the reward pool is not fully distributed, the point threshold will be lowered.
3 minutes ago
Michael Saylor’s First Public Statement Following MicroStrategy’s New Policy: Stronger Credit, Stronger Equity, More Bitcoin
MicroStrategy founder Michael Saylor delivered his first public remarks after the release of the "Digital Credit Capital Framework": "Stronger credit, stronger equity, more Bitcoin." Saylor’s declaration appears to explain the motivation behind the launch of the framework—specifically, the strategic logic of achieving more Bitcoin holdings by strengthening credit and equity structures.
3 minutes ago
SK Hynix plans to order semiconductor testing equipment, with a total price of up to $259 million.
SK Hynix is negotiating with semiconductor equipment manufacturers over the supply of semiconductor testing equipment needed for its Cheongju P&T7 plant. Equipment suppliers are verbally coordinating the number of units that can be delivered next year. The equipment industry forecasts the plant will order around 200 units, including HBM4 testers. At a price of 1.5 billion to 2 billion won per unit, the total cost could reach up to 400 billion won (approximately $259 million). (TheElec)
3 minutes ago
Jefferies reaffirms buy rating for AVGO, sets target price at $550.
Jefferies analyst Blayne Curtis reiterated a Buy rating on AVGO and set a $550 price target, noting that the recent pullback in the stock creates a buying opportunity, with fiscal 2028 EPS projected to reach $30–$40. The analyst emphasized that Broadcom’s TPU roadmap is advancing as planned, the long-term agreement signed with Google through 2031 guarantees minimum revenue, and concerns over competition from MTK are overstated.
Binance Alpha will delist TTD, OIK, LUNAI, TOWN, VINU, PUP, CYPR, and DGRAM.
Per an official announcement, following a recent review, the below tokens fail to meet Binance Alpha’s criteria and will be removed from its recommended list on June 30, 2026, at 18:30 (UTC+8): TTD (TradeTide), OIK (Space Nation), LUNAI (Luna by Virtuals), TOWN (Alt.town), VINU (Vita Inu), PUP (PUP), CYPR (Cypher), DGRAM (Datagram Network).
3 minutes ago
Qatar's Ministry of Foreign Affairs spokesperson: There are currently no plans to hold a high-level meeting between the United States and Iran.
A spokesperson for Qatar’s Ministry of Foreign Affairs stated that U.S. Special Presidential Envoy Steve Witkoff and Jared Kushner, son-in-law of former U.S. President Donald Trump, will travel to Qatar to meet with mediators to discuss negotiation matters. No high-level meeting between the United States and Iran is currently planned.
3 minutes ago
Binance Alpha opens the second round of COLLECT airdrop claims.
Binance Alpha has opened claims for the second round of the Collect on Fanable token COLLECT airdrop rewards. Users holding at least 224 Alpha points can claim 800 COLLECT tokens on a first-come, first-served basis. If the reward pool is not fully distributed, the point threshold will be lowered.
3 minutes ago
Michael Saylor’s First Public Statement Following MicroStrategy’s New Policy: Stronger Credit, Stronger Equity, More Bitcoin
MicroStrategy founder Michael Saylor delivered his first public remarks after the release of the "Digital Credit Capital Framework": "Stronger credit, stronger equity, more Bitcoin." Saylor’s declaration appears to explain the motivation behind the launch of the framework—specifically, the strategic logic of achieving more Bitcoin holdings by strengthening credit and equity structures.
3 minutes ago
SK Hynix plans to order semiconductor testing equipment, with a total price of up to $259 million.
SK Hynix is negotiating with semiconductor equipment manufacturers over the supply of semiconductor testing equipment needed for its Cheongju P&T7 plant. Equipment suppliers are verbally coordinating the number of units that can be delivered next year. The equipment industry forecasts the plant will order around 200 units, including HBM4 testers. At a price of 1.5 billion to 2 billion won per unit, the total cost could reach up to 400 billion won (approximately $259 million). (TheElec)
3 minutes ago
Jefferies reaffirms buy rating for AVGO, sets target price at $550.
Jefferies analyst Blayne Curtis reiterated a Buy rating on AVGO and set a $550 price target, noting that the recent pullback in the stock creates a buying opportunity, with fiscal 2028 EPS projected to reach $30–$40. The analyst emphasized that Broadcom’s TPU roadmap is advancing as planned, the long-term agreement signed with Google through 2031 guarantees minimum revenue, and concerns over competition from MTK are overstated.
Hyperliquid added to Singapore's Investor Alert ListThe Monetary Authority of Singapore (MAS), the city-state's central bank and financial regulator, has added decentralized perpetuals exchange Hyperliquid to its Investor Alert List.
The entry, added on Friday, includes the Hyper Foundation website and the Hyperliquid trading app.
The Investor Alert List is a consumer protection measure that identifies entities that may be wrongly perceived as licensed or regulated by MAS. Inclusion on the list does not constitute a ban or enforcement action.
MAS added crypto exchange Bybit to the list on June 17 and KuCoin and Bitget also appear.
Hyperliquid said that it has never claimed to be licensed or authorized by MAS and that nothing about its permissionless infrastructure has changed.
Don't look at this if you are in Singapore. (Hyperliquid)Don't look at this if you are in Singapore. (Hyperliquid)
Indonesia sets certification rules for influencers recommending cryptoIndonesia’s financial regulator has introduced certification requirements for influencers who recommend crypto and other digital financial assets, as the country expands oversight of financial promotions on social media.
Under Financial Services Authority Regulation No. 6 of 2026, announced Wednesday, individuals recommending digital assets must obtain competency certifications unless they are already subject to a separate licensing requirement.
Influencers may recommend only digital assets listed on authorized exchanges, while any service provider they recommend must also be licensed. Marketing campaigns must be conducted through regulated financial services businesses, which are responsible for the promotional content, and distributed through their official communication channels.
Indonesia joins a growing number of jurisdictions tightening oversight of financial influencers, also called finfluencers, with Australia and the United Kingdom introducing broader rules for investment promotions and the Philippines adopting crypto-specific marketing restrictions.
South Korean authorities fine Bithumb $136K over sharing user information overseasSouth Korean cryptocurrency exchange Bithumb was order to pay a $136,000 fine after it was found to have breached personal information protections rules when it sent user data overseas.
In a Thursday notice, the country's Personal Information Protection Commission (PIPC) said that its investigation into Bithumb found that the exchange had “transferred personal information overseas without the separate consent of the data subjects during the process of order book sharing and virtual asset transfer with overseas virtual asset exchanges.”
The incident was connected to Bithumb sharing its Tether (USDT) order books between September and November 2025 with BingX, despite obtaining consent to share the data with Stellar, as well as sharing user information with 13 overseas exchanges.
BithumbSource: PIPC
SBI to acquire Bitbank in $289M deal creating Japan's biggest crypto exchangeJapan’s SBI Holdings has signed agreements to acquire full control of crypto exchange Bitbank through a 46.7 billion Japanese yen ($289 million) transaction, advancing a deal first disclosed in May that would create the country's biggest crypto exchange.
SBI expects the transaction to close around October, subject to regulatory clearance.
The acquisition would expand SBI’s regulated crypto exchange footprint and customer base, giving it another potential distribution channel for the stablecoins, tokenized assets and onchain financial products.
Bitbank's daily trading volume has hovered below $50 million for most of the last four months, CoinGecko data showed. Volume is dominated by the BTC/JPY pair (39.5%), followed by XRP/JPY and ETH/JPY (both at 19.7%).
SBI said combining Bitbank with SBI VC Trade would give the group about 1.1 trillion yen in assets under custody and roughly 2.92 million crypto accounts, meaning the combined business would rank first among Japanese crypto exchanges.
Chainlink joins European and Korean bank consortia to develop FX settlement networkChainlink has joined a working group with European and South Korean banking organizations to explore the use of stablecoins for foreign exchange (FX) settlement.
The protocol has announced Project Pangea alongside South Korean digital asset infrastructure company FairSquareLab, the Unified Korea Alliance (UniKA) — a consortium that includes more than a dozen Korean commercial banks — and Qivalis, a euro stablecoin consortium backed by 37 European banks.
Project Pangea aims to bring together financial institutions across Europe and South Korea to evaluate direct, atomic swaps of euro- and South Korean won-denominated stablecoins using Chainlink’s data infrastructure alongside FairSquareLab’s onchain foreign exchange settlement technology.
The initiative is another example of financial institutions evaluating stablecoins for wholesale financial infrastructure rather than consumer payments. According to the Bank for International Settlements, the global foreign exchange market processes roughly $9.6 trillion in daily trading volume.
South Korea adds token securities to capital market overhaulSouth Korea’s financial regulator folded token securities infrastructure into a broader overhaul of the country’s capital markets, alongside plans for faster settlement, longer trading hours and greater use of artificial intelligence.
On Tuesday, the Financial Services Commission (FSC) said it had launched a capital market infrastructure review meeting to coordinate reforms across government agencies and market operators. According to the FSC, plans for token securities will be further discussed separately through a public-private council before being linked to the wider initiative.
The initiative includes a roadmap for shortening the securities settlement cycle, expected by October, and a Korea Securities Depository (KSD) system for settling over-the-counter trades in unlisted shares and fractional investment products by the end of 2026.
Circle, Nomura eye Japan corporate FX with stablecoin settlement: ReportStablecoin issuer Circle and Japan's largest investment bank Nomura have reportedly partnered to enable instant foreign exchange settlement for Japanese companies as early as 2027.
The service would enable companies to convert yen into dollar-denominated stablecoins for cross-border transactions and instant settlement, reducing delays caused by banking hours and time zone differences, Nikkei reported on Thursday.
The partnership would bring one of the world's largest dollar stablecoins into Japan's corporate foreign exchange market, expanding the use of stablecoins for business-to-business cross-border settlement.
Australian regulator extends no-action period for crypto licensingThe Australian Securities and Investments Commission (ASIC) has given digital asset businesses another three months (to September 30) apply for licenses required under its updated regulatory guidance.
The extension applies to businesses seeking an Australian Financial Services (AFS) license, as well as companies that may require market or clearing and settlement authorizations.
The regulator said it has received about 30 license applications since updating its digital asset guidance in October 2025 to clarify that many crypto products are financial products under the law and require an AFSL.
It noted its recent court victory against BlockEarner emphasized that point.
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.
Hyperliquid is currently trading at $66. HYPE’s trading volume has risen by 80%. The two clear rejections near the same resistance zone indicate that sellers have repeatedly stepped in to prevent a breakout. At the same time, price has continued to hold above a higher support area, suggesting buyers are still defending the trend.
This creates a classic decision point, a move above resistance could trigger another bullish leg higher, while a break below support would invite increased selling pressure and a deeper correction. The current structure reflects a wait for confirmation before a major move.
Current price action of Hyperliquid (HYPE) is trading at $66.19, up by over 6% in the past 24 hours. It indicates that the buyers have regained some short-term momentum while the token remains below its key resistance level.
Hyperliquid’s opening price was noted at $61.58, and after the bulls took control, the price was pushed to a high of $67.63. Besides, the daily trading volume has increased by over 80.59%, reaching $645.19 million.
With the active uptrend in the HYPE market, the price could move up to the resistance at $67.84. A potential bullish correction initiates the golden cross to take place, and gradually pushes the asset’s price even higher. If the Hyperliquid momentum takes a bearish turn, the price action could see a slip to the support at $65.31. Assuming the downside pressure gains more traction, the death cross might emerge, triggering the price to fall.
Will the Hyperliquid Gain More Momentum? The 4-hour technical analysis reports that the Moving Average Convergence Divergence (MACD) line is above the signal line and both are above the zero line. This indicates that bullish momentum is strengthening. The bullish crossover of HYPE suggests buyers are gaining control. This setup often supports further upside, provided buying momentum continues to hold.
In addition, the daily Relative Strength Index (RSI) of Hyperliquid, positioned at 58, indicates moderately bullish sentiment. Technically, the value is above the neutral level, 50, showing that buyers have the upper hand. At the same time, it remains below the overbought zone, and there is still room for the uptrend to continue. This reading reflects healthy buying interest.
These indicators can positively influence the price action. The upward price movement is more likely than the downward movement. However, price still depends on key support and resistance levels, trading volume, and overall market sentiment.
Crypto Market Highlights
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Content Writer | Crypto Enthusiast | Bridging Literature and Blockchain
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
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Binance Alpha will delist TTD, OIK, LUNAI, TOWN, VINU, PUP, CYPR, and DGRAM.
Per an official announcement, following a recent review, the below tokens fail to meet Binance Alpha’s criteria and will be removed from its recommended list on June 30, 2026, at 18:30 (UTC+8): TTD (TradeTide), OIK (Space Nation), LUNAI (Luna by Virtuals), TOWN (Alt.town), VINU (Vita Inu), PUP (PUP), CYPR (Cypher), DGRAM (Datagram Network).
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Jefferies reaffirms buy rating for AVGO, sets target price at $550.
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Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
