Scallop (SCA) is listed on Bitkub, a licensed cryptocurrency exchange in Thailand.
PANews reported on August 27th that Scallop (SCA), the Sui ecosystem lending protocol, has officially launched on Bitkub, Thailand's leading licensed cryptocurrency exchange. As the largest and most compliant exchange in Thailand, this listing will help Scallop accelerate its entry into Southeast Asia and the broader APAC market, increasing local user reach and liquidity.
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Bitkub Exchange, a well-known Thailand-based digital asset trading firm, has partnered with Scallop, a next-gen DeFi platform on the Sui blockchain. The partnership is aimed to expand DeFi awareness and expansion across Thai consumers. As mentioned in Bitkub’s official announcement on X, the development focuses on offering DeFi access to the users in Thailand to unlock new financial opportunities via blockchain-led innovation. Hence, the joint initiative signifies a strategic move to combine the worldwide potential of DeFi with the rising digital economy of Thailand.
🚀Bitkub Exchange partners with @Scallop_io💙💚
.
Bitkub Exchange joins forces with Scallop, one of the leading DeFi projects on the Sui ecosystem to enhace understanding about DeFi and be an open door of opportunitties for Thai users to get secure DeFi service on SUI blockchain… pic.twitter.com/aUfosKs5Ht
— Bitkub.com (@BitkubOfficial) September 2, 2025 Bitkub Exchange and Scallop Partner to Enhance DeFi Awareness In partnership with Scallop, Bitkub Exchange is endeavoring to increase DeFi-related awareness among Thai users while also offering noteworthy opportunities. In this respect, the development denotes another crucial step forward in Bitkub’s efforts to advance financial literacy as well as the adoption of digital assets. Thus, by working with Scallop, it attempts to strengthen its clients with cutting-edge tools to delve into DeFi in a secure way through the Sui blockchain.
Apart from that, Scallop delivers advanced DeFi solutions and helps integrate cutting-edge financial products to streamline complicated blockchain services. Additionally, the collaboration is also a great contribution to Thailand’s strategy to expand the digital economy. As a result of this, the duo pay considerable attention to promoting an ecosystem that grows the user’s knowledge, trust, and investments in the DeFi sector.
Empowering Thai Developers with Scalable DeFi Infrastructure According to Bitkub Exchange, with this partnership, the Thai developers can expect new innovation opportunities. Hence, by utilizing the scalable infrastructure of Scallop and robust local presence of Bitkub, builders can establish consumer-first, influential, and
secure blockchain applications. Overall, this partnership will accelerate the position of Thailand in the worldwide DeFi world while providing developers with the resilient resources to shape the next era of next-gen financial solutions.
AUTHOR
Umair Younas is a cryptocurrency-related content writer linked with this work since 2019. Here, at Blockchainreporter, he serves as a news and article writer. He is a crypto, blockchain, NFTs, DeFi, and FinTech enthusiast. He has strong command over writing authentic reviews about brokers and exchanges and he has collaborated with our education team to write educational content as well. He has a dream to raise awareness among people about digital currencies. His works are well-researched and brimmed with information hence they provide fresh insights. Stay tuned to his posts if you want to stay up-to-date with the crypto-verse.
PANews reported on September 8th that the Sui ecological lending protocol Scallop released a vulnerability update for the Nemo protocol, stating: "Earlier today, the Scallop team learned of a security incident on the Nemo protocol, which also affected the sCoin mining pool on the Nemo protocol. We would like to update that this incident only affects the Nemo protocol itself and has no impact on Scallop's mining pool. All Scallop mining pools remain secure. Nemo is currently working with a third-party audit agency, and we are awaiting further updates from the team."
Earlier news reported that NemoProtocol on Sui was hacked and lost $2.4 million .
PANews reported on September 13th that Walrus, the protocol developed by Sui developer Mysten Labs, has officially launched WAL LST, a liquid staking token for WAL. The token is now available on WalrusLST and Haedal. Users can use WAL LST to redeem or lend tokens, provide liquidity, and enjoy flexible exits. Scallop is the first protocol to support WAL LST as collateral for lending. Users can earn rewards by staking WAL while using LST as collateral to borrow more assets.
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PANews reported on October 6th that Scallop, the Sui Ecosystem lending protocol, announced that its total transaction volume has exceeded $500 million, making it the preferred DeFi platform for the Sui Chain, providing users with a secure, efficient, and seamless exchange experience. Highlights include MEV protection, customizable exchange paths across aggregators, more transparent swap price comparisons, and one-click exchange of decentralized assets with integration with the Scallop Mini Wallet.
PANews reported on October 14th that Scallop, the Sui ecosystem lending protocol, announced that its SCA token lockup has reached 50 million, representing approximately 20% of the total SCA supply, with an average lockup period of 3.71 years. The platform stated that converting locked SCA tokens to veSCA will earn borrowers up to 4x the amount of their borrowed assets, encouraging greater use of borrowed assets within the ecosystem.
SCA is listed on Kraken Exchange, and Scallop has gained mainstream recognition
PANews reported on October 27th that the Scallop token (SCA) has officially been listed on Kraken, a globally renowned cryptocurrency exchange. Scallop is the first DeFi protocol on the Sui Chain to receive funding from the Sui Foundation, with backers including 6MV, CMS Holdings, the Sui Foundation, and UOB Venture Management, a subsidiary of United Overseas Bank.
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PANews reported on December 23 that Scallop, the lending protocol within the Sui ecosystem, recently underwent a comprehensive UI upgrade to its DApp: A new "Flash Loan" feature has been added, allowing users to initiate flash loans directly within the Scallop DApp; Scallop Tools now allows for one-click wallet cleanup and destruction of expired SuiNS; and features such as an account overview, risk level simulator, and market status switching options have been added. Notably, flash loans allow users to borrow assets without upfront collateral and require repayment within the same on-chain transaction.
Generates $46.4 Million Realized Gain from Exit of Equity Investment in Centre Technologies Holdings, LLC
, /PRNewswire/ -- Main Street Capital Corporation (NYSE: MAIN) ("Main Street") is pleased to announce that it recently exited its debt investments and equity investment in Centre Technologies Holdings, LLC ("Centre" or the "Company") upon the completion of a majority recapitalization with a new financial sponsor. Founded in 2006 and headquartered in Houston, Texas, Centre is a provider of information technology (IT) services, including managed services, cloud solutions, cyber security, IT consulting and business intelligence (BI) services to lower and middle market businesses, often serving as a fully outsourced IT department.
Main Street partnered with Centre's existing owners and senior management team in January 2019 to facilitate a minority recapitalization of the Company and provide growth capital to help facilitate the Company's acquisition growth strategy. Main Street's initial investment consisted of a $2.4 million revolving line of credit, a $12.2 million first lien, senior secured term loan and a $5.8 million direct equity investment. After Main Street's initial investment, Centre completed seven follow-on acquisitions with Main Street funding an additional cumulative $27.7 million under the first lien, senior secured term loan facility and $0.5 million in direct equity investments to support the Company's acquisition strategy and other corporate activities, resulting in Main Street's total debt investments and total equity investments growing to $42.3 million and $6.4 million, respectively.
Main Street realized a gain of $46.4 million on the exit of its equity investment in Centre, including a minority equity ownership position in Centre's acquirer that Main Street received as part of the sale proceeds, with this realized value representing an increase of $6.8 million above Main Street's fair market value for this equity investment as of March 31, 2026. Main Street also received total dividends of $2.2 million over the life of its equity investment in the Company. As a result, on a cumulative basis since Main Street's initial investment in January 2019 and taking the realized gain, dividends and fees into consideration, Main Street realized an annual internal rate of return ("IRR") of 40.1% and an 8.8 times money invested ("TMI") return on its equity investment in Centre. On a cumulative basis including both Main Street's debt and equity investments in the Company, Main Street realized an IRR of 23.2% and a 2.4 TMI return.
ABOUT MAIN STREET CAPITAL CORPORATION
Main Street (www.mainstcapital.com) is a principal investment firm that primarily provides customized long-term debt and equity capital solutions to lower middle market companies and debt capital to private companies owned by or in the process of being acquired by a private equity fund. Main Street's portfolio investments are typically made to support management buyouts, recapitalizations, growth financings, refinancings and acquisitions of companies that operate in diverse industry sectors. Main Street seeks to partner with entrepreneurs, business owners and management teams and generally provides customized "one-stop" debt and equity financing solutions within its lower middle market investment strategy. Main Street seeks to partner with private equity fund sponsors and primarily invests in secured debt investments in its private loan investment strategy. Main Street's lower middle market portfolio companies generally have annual revenues between $10 million and $150 million. Main Street's private loan portfolio companies generally have annual revenues between $25 million and $500 million.
Main Street, through its wholly-owned portfolio company MSC Adviser I, LLC ("MSC Adviser"), also maintains an asset management business through which it manages investments for external parties. MSC Adviser is registered as an investment adviser under the Investment Advisers Act of 1940, as amended.
Contacts:
Main Street Capital Corporation
Dwayne L. Hyzak, CEO, [email protected]
Ryan R. Nelson, CFO, [email protected]
713-350-6000
XYO surged over 65% to an intraday high of $0.025 on Jan. 29, as the crypto rebounded from a downtrend that had persisted since December.
According to data from crypto.news, XYO Network (XYO) rose by 40% over the past day after it announced XYO Layer One, with its price moving from $0.0157 to $0.0224 at the time of writing. During the same period, the asset’s market cap shot up 42% to $312 million while its trading volume spiked by a massive 1100%, hovering around $86.7 million.
On Jan. 28, XYO launched its own Layer-1 blockchain, XYO Layer One, which is set to serve as the backbone of its ecosystem. The blockchain, featuring multichain support, will reportedly facilitate applications across various sectors, including AI models, blockchain tools, real-world asset management, and DePIN.
Market commentators also observed that the altcoin has recently broken out of a falling wedge pattern, a bullish pattern, which positions the token for more gains ahead.
Further rumors around a potential collaboration with electric car manufacturer Tesla have also gained prominence within the community.
When these rumors first surfaced, XYO responded with a 125% surge in less than 24 hours in early December 2024.
Another factor that could help support XYO’s current rally is the narrative around it being a U.S.-based project. Recent reports claim Eric Trump has floated the idea of a 0% capital gains tax on U.S.-based cryptocurrency projects as a way to boost blockchain innovation.
While Eric Trump isn’t a policymaker himself, his comments have been interpreted as a reflection of the Trump administration’s broader stance. The mere possibility of such a tax incentive has stirred speculation, particularly around projects like XYO, which could see increased interest from investors looking to capitalize on potential tax advantages.
XYO is currently 327% up over the past year, with a circulating supply of around $13.93 billion tokens.
What is XYO crypto? XYO is the governance and utility token of the decentralized physical infrastructure network project with the same name. It powers the XYO ecosystem by supporting consumer software, developer tools, and digital assets.
The network is designed to promote data sovereignty, rewarding users for contributing and maintaining accurate location-based information, with the XYO token serving as the foundation of this system.
What is XYO crypto? The currency behind the DePIN project, XYO Network, is ripping higher at press time. Adding 36% in the last 24 hours, the token outperforms leaders like Bitcoin and Solana, which are struggling for momentum.
As expected, the uptick in XYO price XYO XYO $0.003516 2.30% has seen the average trading volume skyrocket by 1,100% during this period. This shows that traders are keen to get in and have been actively swapping on the last trading day.
(Source)
The influx of traders and investors presents an opportunity for holders to “HODL” and ride the wave higher. As they do so, they may also explore other promising projects, including Wall Street Pepe. But first.
XYO powers the XYO Network, a DePIN project with roots in the United States.
The decentralized platform uses nodes distributed across multiple locations for accuracy and data validation. Roughly eight years after launching, XYO Network has over eight million nodes and is among the largest projects in its category.
XYO Network effectively allows smart contracts to interact with real-world data without hitches by using proof-of-location and proof-of-origin technologies.
For what it brings to the table, XYO Network can power logistics and even eCommerce operations.
Why is XYO Crypto Rallying? While XYO is up 220X after dropping to its all-time lows in March 2020, the surge of the last day follows unconfirmed rumors that Tesla, the electric car manufacturer, and World Liberty Financial, a company associated with the Trumps, may partner with XYO Network.
The source claims that the project was introduced to the founders of World Liberty Financial by a person who was among the first supporters of the DePIN project. The person in question is reportedly “at the very top of the United States government.”
I will say this: my team has an inside track to the person at the very top of the U.S. Government—an individual who, as of today, signed a pro-crypto EO.
The very first $XYO token holders I brought into the project are the founders of @worldlibertyfi. Get ready. 🛠️🚀
— Scott P. Scheper 🗃️ (@ScottScheper) January 23, 2025
Without confirmation, those claims will remain just that, “rumors.” However, if proven accurate, such a partnership could fuel another leg up, even pumping XYO to November 2021 highs.
Time to Buy Wall Street Pepe (WEPE)? XYO holders can now choose to buy even more as they ride the newfound media attention. While they are in the money, they may also consider diversifying by buying Wall Street Pepe (WEPE), an equally potent project.
Wall Street Pepe has been shattering records, raising over $63.5 million in the ongoing presale.
WEPE is not your ordinary meme coin. It aims to disrupt the $100 billion industry by adding utility and safeguarding retailers against rampant whale manipulation.
As such, WEPE demand has been spiraling recently, raising hundreds of thousands of dollars from the community each day. Nearly two weeks remain before the presale ends, and each token is available for just $0.0003665.
At the pace at which WEPE raises funds, there’s no doubt that once the $100 million level is breached, the token may list on top exchanges.
Once listed, WEPE may soar to command a $500 million market cap, heavily rewarding early adopters, just like how XYO did.
Don’t forget to join the Wall Street Pepe community on X and Telegram for the latest updates.
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XYO, the blockchain industry’s first DePIN project, with 80% of its users coming from outside the crypto space, is migrating its XYO Network ecosystem to its own DePIN, RWA, AI and data-focused L1. The network launched in 2018, predating the term DePIN, and is designed to enhance the validity, certainty, and value of real-world data, AI-training data, and virtually any other kind of critical data.
Today, XYO is launching a public beta of the testnet blockchain and is already in discussion with multiple data-driven projects looking to build on top of it. The decision to transition to a new Layer 1 was driven by the demand for a high-throughput blockchain: XYO and its partners will process large volumes of real-time data with low latency and data validation capabilities. No other blockchain meets XYO’s demanding specifications.
As part of its move to its own, next-gen Layer 1, XYO is introducing a new consensus mechanism called Proof of Perfect. This mechanism uses an algorithm that enables decentralized nodes to identify and rank the best chain to add new blocks to, based on how perfect each available chain is.
This ranking system evaluates each chain tip based on its validity, recency, and protocol alignment — allowing nodes to agree quickly on the most “perfect” chain to extend, without processing its full history or relying on energy-intensive consensus methods.
“Having developed on blockchain for years, I’ve seen firsthand where the current systems fall short. The community is ready for a system that can handle both high volumes of data and maintain true decentralization. XYO addresses the pain points that have held back developers and consumers for years—bloat, inefficiency, and the gentrification of participation. XYO provides the tools that developers need to build, and the means for anyone to participate, regardless of resources.”
— Arie Trouw, XYO Co-Founder & CEO of XY Labs
In addition to this, new technologies in Layer 1 enable block producers to make faster and more consistent decisions, removing the need for them to process and store all the transactions on the entire chain. This outdated process is a major bottleneck in most traditional blockchains.
Traditional chains require nodes to store and validate their full chain history. XYO Layer One introduces lookback windowing, which drastically reduces storage requirements by narrowing each node’s active memory to the most recent transactions. Older data is archived but remains accessible.
This lightweight model improves transaction speeds, and minimizes hardware strain for DePIN, RWA, AI and other data-heavy projects.
The native XYO token functions as a deflationary asset with a fixed supply, primarily serving governance, payment, and staking roles within the network. It does what it was designed to do—secure the protocol and align long-term incentives—flawlessly and will continue to do so for the lifespan of XYO.
For handling the continuous, high-volume transactional demands of a Layer 1, particularly in areas such as gas fees, base fees, and transaction prioritization, a visionary new concept is needed.
XYO is debuting a dual-token model and introducing a new symbiotic token native to XYO Layer One: XL1.
This innovation is momentous for XYO. XL1 is an inflationary token purpose-built to act as the economic engine of XYO’s native blockchain. It complements the original XYO token by taking on the role of high-frequency utility while preserving and enhancing XYO’s long-term value function.
XL1 powers the day-to-day mechanics of the XYO Layer One network, such as:
Payment of base and gas fees for transactions Smart contract execution Priority fees Rewards for active network participants and efficiency nodes XL1 can be obtained by staking XYO Tokens, which locks in XYO as the permanent governance token for XYO Layer One and maintains its relevance for XYO’s native blockchain in perpetuity. A significant portion of XYO’s circulating supply is expected to be locked within the XYO Layer One blockchain long-term through this twofold incentivization and locking mechanism.
Through staking, participants will not only earn XL1, enabling them to interact with all functions of XYO Layer One, they’ll also be critical to the overall security, reliability, and efficiency of the XYO ecosystem.
This dual-token architecture ensures a clean separation of concerns:
XYO strengthens its role in governance, staking, and long-term value alignment XL1 enables scalable, responsive, and high-throughput network operations By decoupling governance from transactional utility and designing incentives to drive both performance and security, this next-generation token model lays the foundation for a truly scalable, decentralized infrastructure network that is optimized for the next wave of DePIN, AI, and data innovation.
About XYO Founded in 2018, XYO is the first DePIN and one of the largest, with over 8 million nodes. XYO collects and validates real-world data, connecting Web3, Web2, and industries like AI and geolocation. Their Proof of Location and Proof of Origin technologies power real-world asset tracking, DePIN solutions, and interactive gaming experiences.
XYO created the COIN app to drive network growth, and their XYO token is listed on major exchanges like Coinbase.
In addition to the XYO Foundation, they founded XY Labs Inc., the first crypto company in the U.S. to gain SEC approval for a Regulation A offering, allowing both accredited and non-accredited investors. XY Labs is also one of the first to tokenize and list its shares, trading under XYLB on tZERO ATS, leading the charge in the RWA wave.
An altcoin associated with a decentralized physical infrastructure network (DePIN) project surged by nearly 44% on Friday after receiving a prominent exchange listing.
On Thursday, the South Korean crypto exchange giant Bithumb announced it was listing XYO, the native token of the XYO Network.
[adinserter block="1"]
The XYO Network aims to process any type of decentralized data.
Explains the project’s website,
“Encompassing both a network and protocol, XYO can be used for aggregating, verifying, organizing, and utilizing decentralized data from any hardware node capable of running XYO-enabled software or firmware.
XYO’s defining premise is decentralized verification, allowing network devices to verify the data flowing into the network’s databases by acting as witnesses for one another, strengthening the veracity of data received. Simple, accessible organization then allows this data to be put to use quickly and efficiently.”
Earlier this month, the project announced it would be migrating its network to a new layer-1 chain focused on DePIN. To help facilitate that move, the XYO Network is also rolling out a new layer-1 native token, XL1, and will operate with a dual-token model going forward.
The original XYO token will stay on Ethereum (ETH) and act “as an anchor to regulate the flow of XL1 into its native blockchain,” according to the project.
XYO is trading at $0.0154 at time of writing. The 278th-ranked crypto asset by market cap is also up by more than 71% in the past week.
XYO may be poised for a surge of up to 30% following the launch of its purpose-built Layer-1 blockchain and native utility token, XL1.
Summary
XYO Network has launched its own Layer-1 blockchain, along with its native utility token, XL1. XL1 staking has been designed to reduce XYO’s total supply. While XL1 crashed over 50% less than a day after its launch, XYO price has gained more than 6%. On Sep. 16, DePIN platform XYO Network announced the launch of its first Layer‑1 blockchain, purpose-built to handle data-heavy applications across sectors such as AI, logistics, and real-world assets (RWA).
Unlike general-purpose chains, XYO (XYO) Layer‑1 is built to offer verifiable and scalable data solutions for both enterprise and consumer use cases. XYO reportedly decided to build its own blockchain after finding that existing options could not meet its need for a high-efficiency network to handle large volumes of real-world data.
Apart from the launch of its Layer-1 network, the XYO team also revealed the launch of XL1, a utility token introduced to power the Layer‑1’s transactional functions. While the original XYO token remains active for governance and staking, XL1 will serve as the native currency for gas fees, smart contract execution, and on-chain rewards.
XL1 tokens are earned by staking XYO, a process that locks the original XYO tokens within the Layer 1 network. This mechanism is designed to reduce XYO’s active circulating supply over the long term, which in turn can support XYO’s upside potential.
Shortly after its launch, the XL1 token was listed on multiple centralized exchanges, including Kraken, KuCoin, Gate.io, MEXC, and CoinDCX.
The Token Generation Event established a total supply of 38 billion XL1 tokens, with an initial circulating supply of approximately 5.7 billion tokens, which remains unchanged at press time.
XL1 initially launched at a price of $0.0017 and surged to a high of $0.0032 within the first three hours, before crashing by over 51.5% over the course of the day, as early investors and airdrop recipients likely sold off their tokens to lock in profits, an occurrence quite common in the crypto space.
However, the original XYO Network (XYO) token, on the other hand, rose 6.5% over the past day, bringing its market cap to over $151 million at press time. Now, technicians suggest it may be looking at more gains, especially as recent developments have drawn in renewed interest from traders.
XYO price analysis On the daily chart, XYO price had been forming lower highs and lower lows since it entered a downtrend in mid-July. It eventually broke out of the descending trendline after news of the launch of its Layer 1 network and its accompanying token.
XYO price has broken above a descending trendline that had been forming since mid-July on the daily chart — Sep. 17 | Source: crypto.news When an asset’s price breaks out of a descending trendline, it usually indicates a shift in momentum from bears to bulls.
Another bullish case for XYO is that its price has flipped the 50-day simple moving average at $0.010 into support, a sign that short-term sentiment has turned more favorable.
On top of that, the Aroon Up shows a reading of 100%, while the Aroon Down remains at 28.57%. The metric indicates that bullish momentum is dominant, with the asset recently hitting new highs more frequently than lows.
Based on all these bullish technicals, XYO would likely continue its rally to test the $0.011 level, which aligns with the 23.6% Fibonacci retracement level. A break above this resistance could see the token rally toward $0.013, up nearly 30% from the current level.
However, a drop below the 50-day moving average would invalidate the setup and would likely lead to a bearish reversal.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
Quick Answer: XYO Network (XYO) is trading near $0.0035–$0.0058 as of May 2026, down approximately 93% from its all-time high of $0.082 (November 2021), and ranking approximately #403 globally. Analyst forecasts for 2026 range from $0.0076 (Changelly conservative) to $0.149 (CoinLore bull case). For 2030, projections span from $0.0043 (MEXC flat 5%) to $1.33 (Mudrex extreme bull). Key catalysts include XYO’s Layer-1 blockchain launched September 16, 2025 — the first blockchain purpose-built for data-heavy DePIN applications — Revolut listing on December 10, 2025, 10+ million nodes worldwide, $8.8 million in real revenue generated in 2024, and the dual-token model introducing XL1 as a gas token alongside XYO governance.
Key Takeaways:
XYO is the first and largest DePIN network for geospatial location verification — 10M+ nodes, 80% non-crypto users Layer One blockchain launched September 16, 2025 — purpose-built for data-heavy applications at scale Revolut listing December 10, 2025 — mainstream fintech exposure to 50M+ Revolut users $8.8M real revenue in 2024 from the COIN App — one of the few DePIN projects with verified non-speculative income XL1 token (gas layer) launched with dual-token model; team unlock of 25.3% monthly through 2026 is a supply headwind What Is XYO Network (XYO)? XYO Network (XY Oracle Network) is a decentralized physical infrastructure network (DePIN) founded in 2017 by Scott Scheper, Arie Trouw, and Markus Levin. Its core function is collecting, validating, and verifying real-world location data — specifically geospatial position — using a cryptographic protocol that makes location data trustless and verifiable on-chain without relying on a centralized GPS provider.
XYO describes itself as “a network of the future” that empowers people to participate in the world’s data economy through the validation of anonymous, secure geospatial data. Its network architecture has four components:
Sentinels: Data collection devices (smartphones, IoT hardware) that record location and proximity signals Bridges: Aggregators that compile Sentinel data and relay it to the network Archivists: Storage nodes that maintain data records Diviners: Query resolvers that analyze data and respond to smart contract requests This architecture enables developers to query real-world location data directly from smart contracts — making XYO function as an on-chain GPS oracle with cryptographic proof of location. The Proof of Location and Proof of Origin technologies are XYO’s primary technical differentiators.
The COIN App — XYO’s consumer-facing mobile application — has attracted over 1 million downloads and generated $8.8 million in real revenue in 2024, almost entirely from users outside the crypto ecosystem. This non-crypto user base (80% of total users) is one of XYO’s most unusual and valuable characteristics.
According to CoinMarketCap, XYO has a fixed circulating supply of approximately 13.93 billion tokens and a market capitalization of approximately $50–80 million as of May 2026.
How Does XYO Compare to Other DePIN and Oracle Networks? XYO occupies a specific niche: decentralized location data verification. It competes with both oracle networks (which provide general external data to blockchains) and DePIN infrastructure protocols.
ProjectTokenFocusMarket CapReal RevenueXYO NetworkXYOGeospatial location data~$50–80M$8.8M (2024)ChainlinkLINKGeneral-purpose oracle~$3.5BProtocol feesHeliumHNTWireless connectivity~$800MNetwork feesHivemapperHONEYDecentralized mapping~$100MMapping rewardsGEODNETGEODHigh-precision GNSS~$40MRTK corrections XYO’s primary advantage is its COIN App revenue model — real, verified income from a non-crypto consumer application. Chainlink dominates general oracle infrastructure at roughly 40x XYO’s market cap. XYO’s niche is specifically location verification, where its 10 million+ node network provides density that newer DePIN competitors cannot quickly replicate.
XYO Network (XYO) Price Today and Market Overview MetricValue (May 2026)Price~$0.0035–$0.0058Market Cap~$50–80M24h Volume~$2–11MCMC Rank~#403ATH$0.082 (Nov 2021)ATH Drop~93%Circulating Supply~13.93B XYO (fixed) As of May 2026, XYO is trading near $0.0035–$0.0058 after a significant cycle. XYO started 2026 at approximately $0.021, spiked to approximately $0.041 in early January driven by DePIN sector momentum and Layer One launch sentiment, then declined sharply to $0.004–$0.006 by February–March as the broader altcoin market corrected. DigitalCoinPrice shows XYO at $0.00348 on May 4, 2026, ranked #403.
The two most important recent events for XYO’s fundamental value:
1. Layer One blockchain (September 16, 2025) — XYO launched its own purpose-built Layer-1 blockchain, introducing a dual-token model where XYO governs the network and a new XL1 token serves as the gas layer for data transactions. The blockchain is specifically designed for data-heavy DePIN applications at scale — the first major infrastructure upgrade in XYO’s seven-year history.
2. Revolut listing (December 10, 2025) — Revolut added XYO to its platform, giving 50 million+ Revolut users access to buy, sell, and hold XYO. Revolut’s user base is predominantly non-crypto-native — a direct match for XYO’s existing 80% non-crypto user profile through COIN App. The listing represents mainstream fintech validation at a scale most DePIN projects have not achieved.
XYO Price History Snapshot PeriodPrice LevelKey Event2017LaunchXYO Network founding2020ATL $0.0000967COVID market crashNov 2021ATH $0.082Coinbase listing; bull market peak2022Bear market $0.003–$0.015Crypto winter2023Range $0.003–$0.010Slow recovery2024Range $0.010–$0.030COIN App revenue growthSep 2025Layer One launchDual-token model introducedDec 2025~$0.021Revolut listing; year opened strongJan 2026$0.041 (local high)DePIN momentum; Layer One hypeFeb–Mar 2026$0.004–$0.006Broad altcoin correctionMay 2026~$0.0035–$0.0058Current trading range XYO Price Prediction 2026 2026 sits at an inflection point for XYO. The Layer One adoption trajectory, XL1 token integration, and Revolut’s 50M user base exposure are catalysts. The headwind is significant: XL1 team token unlocks of 25.3% monthly through 2026 create dilution pressure, and the January spike to $0.041 already priced in substantial optimism before correcting 90%.
SourceLowHighNotesMEXC (5% flat)$0.0032$0.0040Flat growth modelChangelly$0.0076$0.0091Conservative monthly modelPricePrediction.net$0.0086$0.0100Technical modelCoinpaper$0.030$0.070DePIN sector growth thesisMudrex$0.045$0.105Layer One adoption + dual-tokenCoinLore$0.047$0.149Bull cycle; historical analysisBitScreener—avg $0.0382026 average with bull assumptions MEXC’s flat model ($0.0032–$0.0040) and Changelly’s $0.0076–$0.0091 stay near current prices, reflecting the weight of supply unlocks and the post-January correction. Coinpaper’s $0.030–$0.070, Mudrex’s $0.045–$0.105, and CoinLore’s $0.047–$0.149 represent the DePIN adoption bull scenario — Layer One generating measurable data transaction volume and the dual-token model creating organic XL1 demand that indirectly supports XYO governance value.
XYO Price Prediction 2027 2027 is the post-halving altcoin window. DePIN is becoming an increasingly recognized category in 2026, and by 2027, the thesis either shows verifiable traction or doesn’t.
SourceLowHighMEXC$0.0037$0.0042Changelly$0.0091$0.011BitScreener—$0.041CoinLore—~$0.162Mudrex—~$0.45 MEXC and Changelly’s conservative models stay near current prices through 2027. BitScreener’s $0.041 represents a recovery toward the January 2026 high. CoinLore’s $0.162 bull case and Mudrex’s $0.45 require XYO to capture enterprise DePIN adoption — specifically becoming embedded in AI training pipelines, autonomous vehicle mapping, supply chain tracking, and IoT verification at scale.
XYO Price Prediction 2028 2028 is the next Bitcoin halving year. XYO’s COIN App revenue and 10M+ node network provide a genuine fundamental floor that most speculative DePIN tokens lack.
SourceLowHighMEXC$0.0039$0.0044Changelly$0.0120$0.0145BitScreener—$0.013Mudrex—~$0.80 Mudrex’s $0.80 for 2028 is the aggressive bull — XYO at roughly 10x its 2021 ATH of $0.082, requiring DePIN to emerge as a dominant infrastructure category with XYO as its primary location data layer. Changelly’s $0.012–$0.014 is the moderate recovery scenario — XYO returning to its 2023 trading range during a halving-cycle altcoin recovery.
XYO Price Prediction 2029 SourceLowHighMEXC$0.0041$0.0046BitScreener—$0.021Mudrex—~$1.00 BitScreener’s $0.021 for 2029 represents XYO recovering to 2026 January levels. Mudrex’s $1 scenario requires XYO to become core infrastructure for AI data verification, autonomous systems, and Web3 applications requiring location proof — a plausible but highly contingent outcome.
XYO Price Prediction 2030 2030 is the most widely discussed long-term horizon for XYO, with the widest range of any forecast year.
SourceLowHighMEXC (5% flat)—$0.0043Changelly$0.0183$0.0220PricePrediction.net—~$0.040BitScreener$0.0055$0.028CoinLore—$0.298Mudrex$0.95$1.33CoinCodex (ceiling)—max $0.047 (lifetime) MEXC’s $0.0043 is the structural floor — near-zero appreciation over four years. Changelly’s $0.018–$0.022 and BitScreener’s $0.005–$0.028 represent conservative-to-moderate appreciation. CoinLore’s $0.298 is a significant bull scenario — XYO trading above its 2021 ATH. Mudrex’s $0.95–$1.33 is the extreme bull case, explicitly contingent on DePIN being “essential to the mainstream Web3 stack” and XYO capturing the data verification layer of a $3.5 trillion DePIN sector.
CoinCodex takes the most bearish structural view, estimating XYO’s lifetime maximum at $0.047 — treating its 13.93 billion fixed supply and competitive dynamics as permanent price ceilings. This is a credible structural bear case rather than an alarmist projection.
What Drives XYO Network (XYO)’s Price? Layer One adoption. XYO’s September 2025 Layer-1 launch is the most transformative event in its history. The dual-token model (XYO governance + XL1 gas) creates a new demand vector for both tokens — but adoption of the Layer One must generate measurable transaction volume to justify the architecture investment. Developer activity and data transaction volume are the most important leading indicators.
COIN App revenue and user growth. XYO’s $8.8 million in 2024 revenue from non-crypto users is the most unusual fundamental in the DePIN category. Growing COIN App user counts and monthly revenue are direct leading indicators for organic XYO demand — entirely independent of crypto market cycles.
XL1 token supply dynamics. The XL1 token TGE saw an 88% spike followed by a same-day reversal — a typical low-float launch pattern. Team token unlocks of 25.3% monthly through 2026 create ongoing sell pressure. Monitoring the pace and market impact of these unlocks is critical for 2026 price action.
DePIN sector adoption. XYO is the oldest and largest DePIN network by node count. As DePIN becomes a recognized investment category — attracting institutional capital through sector ETFs or dedicated funds — XYO benefits as the category pioneer with a 9-year track record.
AI data demand. XYO’s location and physical event verification infrastructure is directly relevant to AI training data quality. As demand for high-integrity, verifiable real-world training data grows, XYO’s 10 million+ node network becomes a potential supplier to AI model developers — a use case that emerged only in 2024–2025 and could scale materially by 2027–2028.
Revolut distribution. Revolut’s 50 million users are predominantly non-crypto-native — perfectly aligned with XYO’s existing user base. If Revolut’s integration drives COIN App downloads and new XYO holders, it creates the retail distribution network that most DePIN tokens lack.
Is XYO Network a Good Investment? XYO at $0.0035–$0.0058 prices a genuinely operating, revenue-generating DePIN network at a $50–80 million market cap — a significant discount to Chainlink (general oracle, $3.5B) and Helium (wireless connectivity, $800M). The project has verified $8.8M in real 2024 revenue, 10M+ nodes, and now a purpose-built Layer-1.
The fundamental case is strong by DePIN standards. The token price case is complicated by a 13.93 billion circulating supply (making percentage gains harder to sustain), XL1 team unlock dilution through 2026, and the gap between COIN App’s consumer focus and the enterprise-grade data monetization that would justify a Chainlink-scale valuation.
For investors who believe location data verification and DePIN infrastructure will be essential components of the AI and IoT economy by 2030, XYO near its 2020 support levels — with materially stronger fundamentals than in 2020 — offers speculative exposure to that thesis.
Nothing in this article constitutes financial advice. Cryptocurrency investments carry substantial risk.
Where to Buy XYO Network (XYO) Centralized exchanges (CEX):
Binance — XYO/USDT available; highest global liquidity Coinbase — XYO/USD for US users; Coinbase listing in 2021 was XYO’s primary price catalyst Kraken — XYO/USD available KuCoin — XYO/USDT with competitive fees Gate.io — XYO/USDT available globally Revolut — XYO available for 50M+ Revolut users in supported regions (listed December 2025) COIN App: XYO can be earned directly through the COIN App (iOS and Android) by passively sharing geolocation data while moving. Users accumulate COIN points that can be redeemed for XYO — the most unique acquisition method in cryptocurrency (earning by geolocation contribution rather than purchasing).
Self-custody: XYO is an ERC-20 token on Ethereum, compatible with any Ethereum wallet including MetaMask, Ledger, and Trezor. Always verify the contract address via CoinMarketCap before purchasing on a DEX.
Frequently Asked Questions What is the XYO price prediction? For 2026, forecasts range from $0.0076 (Changelly) to $0.149 (CoinLore bull). Mudrex projects $0.045–$0.105 based on Layer One adoption. MEXC's flat model stays near $0.0036–$0.0040. The base case consensus for 2026 is $0.0076–$0.010, with above-base scenarios requiring DePIN sector momentum to sustain. CoinLore's bull case of $0.149 represents a recovery to early 2026 levels — plausible but requiring broader altcoin recovery.
How high can XYO go? In an aggressive bull scenario by 2030, Mudrex projects $0.95–$1.33, contingent on DePIN becoming "essential to the mainstream Web3 stack." CoinLore's $0.298 is a moderate bull case. CoinCodex's structural ceiling is $0.047 (lifetime maximum per their algorithm). Reaching $0.082 (previous ATH) from current prices represents a roughly 20x gain and is not projected before 2028–2029 in any mainstream model.
What is XYO Network? XYO Network is a decentralized physical infrastructure network (DePIN) founded in 2017 that collects and verifies real-world geospatial location data using 10+ million nodes worldwide. Its COIN App generated $8.8M in real revenue in 2024. In September 2025, XYO launched its own Layer-1 blockchain for data applications, introducing XL1 as a gas token alongside XYO governance. Revolut listed XYO in December 2025, giving 50M+ Revolut users access to the token.
What is the XYO price prediction for 2030? The 2030 range spans from MEXC's flat $0.0043 to Mudrex's bull $1.33. Changelly projects $0.018–$0.022. PricePrediction.net targets ~$0.040. CoinLore projects $0.298. CoinCodex's lifetime ceiling is $0.047. The most cited realistic planning range is $0.018–$0.10, with the upper end requiring Layer One to generate enterprise adoption and DePIN to mature as an institutional investment category through two halving cycles.
Is XYO a good investment? XYO is one of the few DePIN tokens with verified non-speculative revenue ($8.8M in 2024), a genuine user base (10M+ nodes, 80% non-crypto users), and a purpose-built Layer-1. Key risks: 13.93 billion supply makes large nominal gains difficult; XL1 team unlock dilution through 2026 creates supply pressure; the gap between COIN App consumer engagement and enterprise-grade data monetization is the central execution challenge. For investors with DePIN conviction and 3–5 year horizons, XYO near 2020 support levels offers asymmetric exposure.ShareContentThe theoretical threat of quantum computers to Bitcoin’s cryptographic security now has a dollar figure: $469 billion. That’s the value of 6.04 million BTC, or 30.2% of the total issued supply, whose public keys are exposed on-chain today and could be exploited if a sufficiently powerful quantum compastedQuick Answer: AMP is currently trading near $0.000841, down roughly 99.3% from its June 2021 all-time high of $0.1208. Third-party forecasts for 2026 range widely — from $0.0009 on the bearish end (CoinCodex) to $0.0100 on the bullish end (PricePrediction.net) — with the base-case consensus sitting pasted
Analyst: Micron's earnings boost overall market sentiment for the tech sector
Chris Strazzeri, Financial Trading Manager of Moomoo’s Australia and New Zealand branch, stated: “The targeted sell-off indicates that following a sustained, strong rally in AI-related and speculative growth stocks, investors are enforcing strict valuation discipline. This serves as a warning to the market that actual earnings levels must now rise to support the currently overvalued price-to-earnings ratio. Micron Technology’s post-market earnings results largely confirm this, and its robust performance has lifted overall market sentiment in the tech sector.”
4 minutes ago
2x Leveraged Long DRAM ETF (RAM) Records $383 Million in Trading Volume on Its First Day of Listing
According to Bitget market data, the Roundhill T-REX 2X Long DRAM Daily Target ETF (Nasdaq ticker: RAM) officially launched trading yesterday. On its first trading day, the fund recorded a total turnover of $383 million, and rose 29.47% in after-hours U.S. stock trading to hit $30.8. Note: RAM’s underlying exposure covers companies engaged in memory-related technologies, including DRAM, NAND and storage solutions, targeting active traders seeking leveraged exposure to the memory chip theme and artificial intelligence infrastructure development.
4 minutes ago
BCA Research raises its S&P 500 target to 8,100 points, with AI remaining a core variable.
BCA Research has become the latest strategy firm to raise its US stock market target, reflecting Wall Street’s growing optimism about earnings support for US equities in the second half of the year. The institution lifted its year-end S&P 500 target from 7,700 points to 8,100 points. BCA’s core view is that first-quarter corporate earnings exceeded expectations in both strength and breadth, and the US economy has re-entered an expansion phase. Similar to JPMorgan Chase, BCA believes this stock rally is not only driven by valuation expansion—earnings themselves are delivering the index’s gains. AI remains the core variable in this assessment. Large tech firms including Alphabet, Microsoft, Amazon, Meta and Oracle continue to increase capital spending on data centers and AI infrastructure, driving growth in orders for chips, servers, construction, power and related industrial chains. This provides a clearer fundamental basis for upward revisions to 2026 and 2027 earnings. The institution points out that risks exist: the earnings expansion brought by AI investments has already been quickly priced into the market. If subsequent returns on capital spending are questioned, or interest rates remain elevated, further upside for the index will require more earnings confirmation rather than relying solely on investor risk appetite.
4 minutes ago
Tom Lee: Markets have nearly priced in two interest rate hikes from the Federal Reserve this year, and the rise in US Treasury yields is weighing on market sentiment.
Tom Lee said the market is still digesting Kevin Warsh’s remarks from his first press conference last week and repricing the macro environment. Over the past week, oil prices have pulled back, with war premiums contracting. Current oil prices are not far from the roughly $65 level seen before the conflict, indicating the market views related war risks as declining. On the other hand, 10-year U.S. Treasury yields continue to rise, now around 4.5%, higher than the pre-conflict level of roughly 4.2%. The main headwind the market has faced recently has shifted from oil prices to yields. Tom Lee noted that the market is not only focused on 10-year U.S. Treasury yields but also starting to price in potential additional interest rate hikes from the Federal Reserve. According to federal funds futures, the market is currently pricing in nearly two rate hikes this year. Bank of America further projected today that the Fed will raise rates three times this year, in September, October, and December respectively. Jeffrey Gundlach often emphasizes the importance of monitoring 2-year U.S. Treasury yields, as they typically lead the Fed and signal the central bank’s policy direction. Between 2023 and 2025, the relationship between 2-year U.S. Treasury yields and the federal funds rate indicated that the Fed’s policy was overly tight, requiring interest rate cuts. However, this relationship has recently reversed, meaning the Fed would need two rate hikes to catch up with 2-year U.S. Treasury yields. He believes that, at least for now, yields have become a headwind for the market.
4 minutes ago
Japan and South Korea's stock markets closed higher across the board, with Japan's stock market hitting a new closing high.
According to Bitget market data, the Nikkei 225 index closed up 3,191.37 points, or 4.61%, at 72,366.34 points on Thursday, June 25, hitting a new all-time closing high. South Korea’s KOSPI index rose 459.76 points (5.43%) to end at 8,930.78 points; SK Hynix surged 13% while Samsung Electronics gained more than 5%.
4 minutes ago
A newly created wallet withdrew 17,675 ETH from Binance, valued at $28.58 million.
According to monitoring by Onchain Lens, a newly created wallet withdrew 17,675 ETH from Binance, valued at $28.58 million.
Judge Lewis Kaplan denied SBF's pro se motion for a new trial, rejected his attempt to withdraw it, and called his claims of government witness tampering entirely contradicted by the record.
Posted April 29, 2026 at 6:11 am EST.
U.S. District Judge Lewis Kaplan on Tuesday denied former FTX CEO Sam Bankman-Fried’s pro se motion for a new trial, calling the arguments “baseless on multiple independently sufficient levels” and rejecting what the judge described as a calculated effort to relitigate facts the court had already considered and excluded.
Bankman-Fried filed the motion in February, representing himself and arguing that newly discovered evidence warranted a retrial. The filing pointed to potential testimony from former FTX Digital Markets co-CEO Ryan Salame and former FTX head of data science Daniel Chapsky, both of whom did not appear at his November 2023 trial. Bankman-Fried accused the Justice Department of using threats and retaliation to keep them from testifying on his behalf. Kaplan rejected that account.
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“He could have obtained or at least sought to compel their testimony,” Kaplan said. “But he did neither. His assertion that their absence was a product of government threats and retaliation is wildly conspiratorial and entirely contradicted by the record.”
Kaplan also refused Bankman-Fried’s April 22 request to withdraw the motion before the ruling came down, citing Bankman-Fried’s request to be able to refile, which he said is not usually the case.
The judge also flagged what he called a “plan to rescue his reputation” that Bankman-Fried hatched and committed to writing after FTX declared bankruptcy but before he was indicted, citing Google documents uncovered at sentencing that outlined a detailed post-indictment media strategy.
Bankman-Fried still has a pending appeal before the Second Circuit Court of Appeals, where oral arguments were heard in November 2025. A separate request to have Kaplan removed from the case on bias grounds also remains pending.
FEDERAL REGISTER: Self-Regulatory Organizations; LCH SA; Notice of an Application for an Exemption Pursuant to Section 36 of the Securities Exchange Act of 1934 Relating to Rule Filing Requirements and Request for Comment
Kripto para piyasasında gündem yaratan açıklama ünlü on-chain araştırmacısı ZachXBT’den geldi. Kripto dünyasında yaptığı detaylı zincir üstü analizlerle tanınan ZachXBT, LAB tokeni hakkında dikkat çeken iddialarda bulundu. Araştırmacı, projenin piyasa yapısının büyük ölçüde içeriden kişiler tarafından kontrol edildiğini öne sürerken, kripto para borsalarına da açık çağrı yaparak tokenin delist edilmesini istedi. ZachXBT’nin açıklamaları sonrası yatırımcılar LAB projesine yönelik riskleri yeniden tartışmaya başladı. Özellikle token arzı, yatırımcı şeffaflığı ve içeriden satış iddiaları kripto topluluğunda büyük yankı uyandırdı.
ZachXBT: LAB Token Büyük Risk Taşıyor ZachXBT tarafından paylaşılan rapora göre LAB tokeninin toplam arzının yüzde 95’ten fazlası içeriden kişiler tarafından kontrol ediliyor olabilir. Analist, bu durumun küçük yatırımcılar açısından ciddi risk oluşturduğunu savundu. Raporda ayrıca LAB tokeninin tamamen seyreltilmiş piyasa değerinin kısa sürede yaklaşık 6 milyar dolara ulaştığı belirtildi. Ancak ZachXBT, projenin arkasındaki yapının yeterince şeffaf olmadığını ve yatırımcıların gerçek dolaşımdaki arz konusunda net şekilde bilgilendirilmediğini ifade etti. Araştırmada projenin kurucuları olarak gösterilen Vova Sadkov ve Mark’ın daha önce yer aldığı Eesee projesinde de yatırımcı memnuniyetsizliği yaşandığı öne sürüldü.
ZachXBT’nin raporunda en dikkat çeken detaylardan biri ise halka açık satış yatırımcılarına uygulanan kilit süresinin değiştirilmesi oldu. İddialara göre başlangıçta 3 ay olarak açıklanan kilit açılım süresi daha sonra tek taraflı şekilde 9 aya çıkarıldı. Bunun yanında proje ekibinin bazı influencerlara ve büyük yatırımcılara ayrıcalıklı davrandığı da öne sürüldü. ZachXBT, bazı tanıtım içerikleri için baskı kurulduğunu ve pazarlama ödemelerinde sorun yaşandığını iddia etti.
On-Chain Veriler Şüpheleri Artırdı On-chain verilere dayandırılan analizde proje fonlarının kişisel hesaplarla karıştırıldığı ve yüksek miktarda LAB tokenin işlem platformlarına aktarıldığı belirtildi. ZachXBT’ye göre içeriden bağlantılı cüzdanlar son dönemde yüz milyonlarca dolarlık token çekimi gerçekleştirdi. Araştırmacı, bu hareketlerin geçmişte manipülasyon suçlamalarıyla gündeme gelen bazı projelerde görülen işlemlere benzediğini ifade etti.
ZachXBT, kripto para borsalarına çağrıda bulunarak:
LAB projesi hakkında kapsamlı soruşturma yürütülmesini istedi. Araştırmacı, gerekli görülmesi halinde ilgili fonların dondurulabileceğini ve tokenin delist edilmesinin değerlendirilmesi gerektiğini söyledi.
Kripto topluluğunda büyük ses getiren bu iddiaların ardından gözler şimdi LAB ekibinden gelecek olası açıklamalara çevrildi.
Değerlendirme ZachXBT’nin LAB tokeni hakkında ortaya attığı iddialar, kripto para piyasasında şeffaflık ve yatırımcı güvenliği tartışmalarını yeniden gündeme taşıdı. Özellikle içeriden kontrol edilen arz yapısı, kilit süresi değişiklikleri ve olası manipülasyon iddiaları yatırımcıların dikkatini çekiyor. Önümüzdeki süreçte borsaların atacağı adımlar ve proje ekibinden gelecek açıklamalar, LAB tokeninin geleceği açısından kritik önem taşıyabilir.
Son Dakika kripto para haberleri için hemen tıkla.
Konu ile ilgili yorumlarınızı bize yazabilirsiniz. Ayrıca, bu tarz bilgilendirici içeriklerin devamının gelmesini isterseniz, bizleri Telegram, Youtube ve Twitter kanallarımızdan takip edebilirsiniz.
Key Takeaways President Trump expressed regret about requesting only a 10% government stake in Intel, stating he “should have asked for more” Intel shares climbed 0.68% in premarket Monday to $109.51, bucking broader market weakness The chipmaker’s recent quarterly performance exceeded forecasts: $0.29 EPS versus $0.01 expected, and $13.58B revenue against $12.32B projections The North Dakota State Investment Board initiated a fresh $5.53M Intel stake during Q4 Wall Street maintains a Hold consensus with a $77.38 mean price target — significantly below current price levels President Trump sparked renewed attention around Intel on Monday following a Fortune magazine interview where he revealed the federal government should have negotiated a larger ownership percentage in the semiconductor giant.
Intel Corporation, INTC
“He said, ‘You have a deal.’ I said, ‘Shit, I should have asked for more,'” Trump recalled during the conversation.
Shares of INTC reached $109.51 during premarket trading Monday, advancing 0.68%, even as broader indices showed weakness — Nasdaq futures declined 0.14%, indicating Intel-specific momentum.
Trump positioned the Intel equity arrangement within his broader economic strategy that blends tariffs, government equity stakes, and major commercial agreements designed to channel international investment into American markets. He referenced the national debt reaching “$38 trillion” as justification for pursuing non-traditional government participation in corporate strategies.
The statement created immediate market impact, driving share price movement.
Intel’s technical trajectory has been among the most volatile within the semiconductor space. Currently, the stock trades 11.9% above its 20-day simple moving average and an impressive 143.8% above its 200-day SMA. A bullish golden cross emerged in August 2025, triggering a sustained rally.
The 52-week price range paints a striking picture: from a low of $18.97 to a peak of $132.75. Intel currently occupies the upper end of this substantial range.
Quarterly Results Exceed Projections, Yet Uncertainty Persists Intel’s latest quarterly financial report provided encouraging data for optimistic investors. The semiconductor manufacturer delivered earnings per share of $0.29, crushing the $0.01 consensus forecast by $0.28. Revenue reached $13.58 billion compared to the $12.32 billion estimate — achieving beats across both metrics.
Revenue increased 7.4% on a year-over-year basis. For a corporation that faced significant headwinds throughout the previous two years, this growth metric carries weight.
Intel has projected Q2 2026 EPS guidance at $0.20. The analyst community anticipates full fiscal year EPS of $0.63, with the upcoming earnings announcement scheduled for approximately July 23, 2026.
Notwithstanding the robust quarterly performance, Wall Street’s collective stance remains conservative. The consensus analyst price target stands at $77.38 — approximately 30% beneath current trading prices.
Professional Ratings and Institutional Portfolio Adjustments Mizuho elevated its price objective to $124 on May 12 while maintaining a Neutral stance. RBC Capital Markets continued its Sector Perform rating with an $80 target. Tigress Financial Partners affirmed its Buy recommendation and increased its target to $118.
The divergence among price targets reflects underlying uncertainty — Wall Street analysts lack consensus, and the stock has surpassed most valuation frameworks.
Regarding institutional activity, the North Dakota State Investment Board established a new $5.53 million position during Q4, acquiring 149,868 shares. Multiple smaller investment advisors also expanded their holdings throughout the quarter.
April Miller Boise, an Intel Executive Vice President, divested 40,256 shares on May 1st at a $99.53 average price, trimming her holdings by 27.7%.
Intel recently announced a partnership as the official compute partner for McLaren Racing, creating high-profile visibility for its processor technology.
Erste Group Bank upgraded its FY2026 and FY2027 earnings projections for Intel, though certain analysts continue highlighting competitive threats from AMD and Arm in the server CPU market.
Critical resistance remains at $132.75 — the 52-week high watermark.
Analyst: Micron's earnings boost overall market sentiment for the tech sector
Chris Strazzeri, Financial Trading Manager of Moomoo’s Australia and New Zealand branch, stated: “The targeted sell-off indicates that following a sustained, strong rally in AI-related and speculative growth stocks, investors are enforcing strict valuation discipline. This serves as a warning to the market that actual earnings levels must now rise to support the currently overvalued price-to-earnings ratio. Micron Technology’s post-market earnings results largely confirm this, and its robust performance has lifted overall market sentiment in the tech sector.”
4 minutes ago
2x Leveraged Long DRAM ETF (RAM) Records $383 Million in Trading Volume on Its First Day of Listing
According to Bitget market data, the Roundhill T-REX 2X Long DRAM Daily Target ETF (Nasdaq ticker: RAM) officially launched trading yesterday. On its first trading day, the fund recorded a total turnover of $383 million, and rose 29.47% in after-hours U.S. stock trading to hit $30.8. Note: RAM’s underlying exposure covers companies engaged in memory-related technologies, including DRAM, NAND and storage solutions, targeting active traders seeking leveraged exposure to the memory chip theme and artificial intelligence infrastructure development.
4 minutes ago
BCA Research raises its S&P 500 target to 8,100 points, with AI remaining a core variable.
BCA Research has become the latest strategy firm to raise its US stock market target, reflecting Wall Street’s growing optimism about earnings support for US equities in the second half of the year. The institution lifted its year-end S&P 500 target from 7,700 points to 8,100 points. BCA’s core view is that first-quarter corporate earnings exceeded expectations in both strength and breadth, and the US economy has re-entered an expansion phase. Similar to JPMorgan Chase, BCA believes this stock rally is not only driven by valuation expansion—earnings themselves are delivering the index’s gains. AI remains the core variable in this assessment. Large tech firms including Alphabet, Microsoft, Amazon, Meta and Oracle continue to increase capital spending on data centers and AI infrastructure, driving growth in orders for chips, servers, construction, power and related industrial chains. This provides a clearer fundamental basis for upward revisions to 2026 and 2027 earnings. The institution points out that risks exist: the earnings expansion brought by AI investments has already been quickly priced into the market. If subsequent returns on capital spending are questioned, or interest rates remain elevated, further upside for the index will require more earnings confirmation rather than relying solely on investor risk appetite.
4 minutes ago
Tom Lee: Markets have nearly priced in two interest rate hikes from the Federal Reserve this year, and the rise in US Treasury yields is weighing on market sentiment.
Tom Lee said the market is still digesting Kevin Warsh’s remarks from his first press conference last week and repricing the macro environment. Over the past week, oil prices have pulled back, with war premiums contracting. Current oil prices are not far from the roughly $65 level seen before the conflict, indicating the market views related war risks as declining. On the other hand, 10-year U.S. Treasury yields continue to rise, now around 4.5%, higher than the pre-conflict level of roughly 4.2%. The main headwind the market has faced recently has shifted from oil prices to yields. Tom Lee noted that the market is not only focused on 10-year U.S. Treasury yields but also starting to price in potential additional interest rate hikes from the Federal Reserve. According to federal funds futures, the market is currently pricing in nearly two rate hikes this year. Bank of America further projected today that the Fed will raise rates three times this year, in September, October, and December respectively. Jeffrey Gundlach often emphasizes the importance of monitoring 2-year U.S. Treasury yields, as they typically lead the Fed and signal the central bank’s policy direction. Between 2023 and 2025, the relationship between 2-year U.S. Treasury yields and the federal funds rate indicated that the Fed’s policy was overly tight, requiring interest rate cuts. However, this relationship has recently reversed, meaning the Fed would need two rate hikes to catch up with 2-year U.S. Treasury yields. He believes that, at least for now, yields have become a headwind for the market.
4 minutes ago
Japan and South Korea's stock markets closed higher across the board, with Japan's stock market hitting a new closing high.
According to Bitget market data, the Nikkei 225 index closed up 3,191.37 points, or 4.61%, at 72,366.34 points on Thursday, June 25, hitting a new all-time closing high. South Korea’s KOSPI index rose 459.76 points (5.43%) to end at 8,930.78 points; SK Hynix surged 13% while Samsung Electronics gained more than 5%.
4 minutes ago
A newly created wallet withdrew 17,675 ETH from Binance, valued at $28.58 million.
According to monitoring by Onchain Lens, a newly created wallet withdrew 17,675 ETH from Binance, valued at $28.58 million.
A group of pro-crypto US senators is pushing federal banking regulators to make changes to the capital guidelines for digital assets. They say that current rules are discouraging banks from investing in the crypto space.
US Senators Request Change In Crypto Capital Laws A coalition of US Senators led by Cynthia Lummis, Bill Hagerty, Dan Sullivan, Bernie Moreno, Jon Husted, and Ted Budd wrote a letter to U.S. banking authorities. They requested to establish a new banking framework to regulate banks’ digital asset operations amid the CLARITY Act progress.
The lawmakers referenced recent guidelines on tokenized securities as an example of the law to be followed when regulating other crypto assets. “Capital treatment should reflect the risk characteristics of the underlying asset, not the technology used to record ownership,” the letter said. The senators said that the same should be true for other electronic assets.
The Basel Committee’s 2022 crypto capital framework, which gave a risk weight of 1250% to Bitcoin and some other digital assets, was a main point. The senators say that the classification “was not derived from a calibrated assessment of the actual risk profile of digital assets.”
The US Senators also pointed out the application of the law. The letter adds, “A 1,250% risk weight, multiplied by the 8% minimum capital ratio, produces a capital requirement equal to 100% of the exposure.” It effectively means that banks will be required to hold at least the same amount of capital as their holdings of digital assets.
The senators recognized the threats cryptocurrencies pose, but stated that “these risks are measurable.” Hence, the US Senators believe these could be mitigated through existing banking risk-management tools.
They also challenged the current way of treating crypto, per a post by journalist Eleanor Terrett on X. Lawmakers said that these rules have a narrow view of assets that are traded in transparent and liquid markets all over the world.
The CLARITY Act Factor In Play The push comes as the CLARITY Act gains momentum in Washington. The bill was recently placed on the Senate calendar.
Further, Senator Lummis indicated she hopes to have a vote on the Senate floor before the August recess.
Meanwhile, the US Senators also called on regulators to implement a framework. They want it to be “based on, to the extent possible, a technology-neutral approach that gives banks the authority to participate meaningfully in digital asset markets.”
For further context, the new letter follows a rise in debate regarding the CLARITY Act. JPMorgan CEO Jamie Dimon has been vocal about his opposition to the bill.
On the other hand, a new crypto PAC has joined in support of the crypto developers in Congress.
The Securities and Exchange Commission is opposing the Bittrex bankruptcy administrator’s request to overturn a judgment it accepted less than three years ago, teeing up a dispute over the regulator’s position on cryptocurrency.
The plan administrator handling the bankrupt exchange’s Chapter 11 case failed to demonstrate any significant change in circumstances that would render the final judgment in an SEC action inequitable, the agency said in a Wednesday filing in the US District Court for the Western District of Washington.
“Injunctions prohibiting future violations of specified provisions of the federal securities laws remain lawful,” the SEC said. “And any hardship ...
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Sam Bankman-Fried officially filed for a presidential pardon Monday, even as the White House pointed back to Trump’s January statement that he has no plans to grant one.
SBF Spent A Year Courting Trump On X And Got Nothing BackBankman-Fried submitted his application through the Justice Department’s Office of the Pardon Attorney, the standard federal channel used by thousands of people annually.
Over the past year, the 34-year-old has been active on X, publicly praising Trump’s actions including the pardon of former Honduran President Juan Orlando Hernández, in what appeared to be a deliberate effort to attract executive attention.
The strategy has not worked. Trump told the New York Times in January he had no plans to pardon Bankman-Fried.
When asked Monday about the formal filing, a White House spokesperson simply pointed back to those same January comments without offering anything new.
Bankman-Fried was convicted in 2023 on multiple fraud and conspiracy charges for stealing billions in customer funds from FTX.
He received a 25-year sentence in 2024 and currently sits at a low-security federal facility in Santa Barbara, California, while his conviction appeal remains active.
Drake Called For His Release, FTX Advisor Settled For $54MThe pardon filing comes amid broader FTX-related developments keeping the case in the news.
In May, rapper Drake demanded Bankman-Fried’s release in a track called “Dust” off his album “Iceman,” rapping references to the FTX penthouse and expressing direct support.
Around the same time, former FTX legal advisor Fenwick settled for $54 million over allegations the law firm aided and abetted the fraud.
Fenwick settled without admitting wrongdoing. A separate bid by Bankman-Fried for a new trial was dismissed by a judge who labeled the new evidence as “wildly conspiratorial.”
Why This Matters For Crypto MarketsA pardon would carry no direct price impact but holds symbolic weight for crypto regulation narratives.
Trump’s second term has already delivered the GENIUS Act, the Strategic Bitcoin Reserve, and the push for the CLARITY Act.
Granting clemency to the man who triggered the 2022 crypto winter would send a very different kind of signal.
Prediction markets are skeptical, with Polymarket giving a pardon before 2027 only a 13% chance.
Image: Shutterstock
Market News and Data brought to you by Benzinga APIs
Sam Bankman-Fried (SBF) push for a presidential pardon is facing fresh criticism, with a former prison bunkmate claiming the ex-FTX CEO has never accepted responsibility for the collapse of his crypto empire.
SBF is currently serving a 25-year prison sentence for his role in the FTX scandal, but continues to appeal his conviction. He recently said he would “absolutely” welcome a pardon from President Donald Trump.
Cell-inmate Lashes Sam Bankman-Fried on Pardon ClaimsThe latest criticism came from Michael Avenatti, who says he shared a prison unit with SBF.
In a series of posts on X, Avenatti claimed he repeatedly urged the former FTX CEO to acknowledge his mistakes, but SBF refused.
Sam Bankman-Fried and I were prison bunkmates and I know him well. So I read this with more context than most.
Sam and I argued more than once about the same thing: his refusal to accept ANY responsibility for what he did. Not once did he admit he’d done anything wrong — even… https://t.co/7FHJelX1gx
— Michael Avenatti (@MichaelAvenatti) June 8, 2026 “Not once did he admit he’d done anything wrong,” Avenatti wrote, adding that redemption starts with accepting responsibility. He argued that someone who cannot admit wrongdoing does not deserve a pardon.
Interestingly, Avenatti also praised Bankman-Fried’s intelligence, calling him a technology visionary. However, he argued that SBF had “zero business” running a multibillion-dollar company and let his ego prevent him from bringing in experienced leadership.
According to Avenatti, if SBF had hired “an actual adult in the room” and listened to experienced executives, he might still be free today and potentially worth close to $100 billion.
He compared SBF to Google founders Larry Page and Sergey Brin, who brought in former CEO Eric Schmidt to help scale the company. In Avenatti’s view, successful entrepreneurs recognize what they don’t know and surround themselves with people who do.
Trump Has Already Weighed InIn January, Trump told The New York Times he has “no intention of pardoning” Sam Bankman-Fried.So far, SBF is not among the people Trump has publicly indicated he may consider for clemency.Trump has issued more than 1,400 pardons and commutations during his second term.More than 1,200 of those were tied to January 6 cases.By comparison, Trump granted 238 pardons and commutations during his entire first term.SBF Continues to Fight BackDespite the criticism and Trump’s previous denial, Bankman-Fried continues to maintain his innocence. In recent comments, he argued that he did not commit fraud and claimed FTX customers were ultimately repaid.
Critics, however, continue to point to the commingling of customer funds and the collapse of FTX as the central reasons behind his conviction, making any potential pardon highly controversial.
Story Ends Here
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The disgraced FTX founder, serving a 25-year prison sentence for a multi-count fraud conviction, has filed his first formal post-sentencing legal move requesting a Trump pardon.
Posted June 9, 2026 at 5:56 am EST.
Sam Bankman-Fried, the disgraced FTX founder serving a 25-year prison sentence, has officially filed a request for a presidential pardon with the Trump White House, according to a Monday court filing first reported by CoinDesk.
The petition is Bankman-Fried’s first publicly disclosed post-sentencing legal move. He was convicted in November 2023 on seven counts, including two counts of wire fraud, two counts of wire fraud conspiracy, conspiracy to commit money laundering, conspiracy to commit securities fraud, and conspiracy to commit commodities fraud. Judge Lewis Kaplan sentenced him in March 2024 to 25 years in federal prison, ordering forfeiture of approximately $11 billion in assets. Bankman-Fried is currently held at FCI Terminal Island in California after being transferred from a Brooklyn detention facility.
This story is an excerpt from the Unchained Daily newsletter.
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The pardon request lands during a period of unusually active presidential clemency activity around crypto figures. President Trump pardoned Silk Road founder Ross Ulbricht in January 2025, fulfilling a 2024 campaign promise. He has also issued clemency or signaled openness toward additional crypto-related cases, including the BitMEX founders. Bankman-Fried’s family has reportedly retained Republican-aligned lobbyists in recent months. His father, Joseph Bankman, and mother, Barbara Fried, both Stanford law professors, have publicly advocated for sentencing reform and reduced terms for non-violent financial crimes.
Bankman-Fried’s case differs structurally from Ulbricht’s. The FTX collapse caused roughly $8 billion in customer losses, with funds traced through Alameda Research used for political donations, real estate, sports sponsorships, and venture investments. The sentencing judge cited Bankman-Fried’s “exceptional flexibility with the truth” during trial testimony as an aggravating factor. By contrast, Ulbricht’s case involved a marketplace facilitating illegal drug sales but no direct misappropriation of customer assets.
The political dimension is real. Bankman-Fried was a major Democratic donor before his arrest, having contributed approximately $40 million to Democratic candidates and PACs during the 2022 cycle.
He also testified in early 2024 about additional planned Republican donations he had concealed at the time. Whether the Trump administration’s crypto-friendly stance extends to pardoning the figure responsible for the industry’s most damaging fraud will be a test of where the boundaries fall. No timeline has been set for a White House response.
Related Listen: What Two DOJ Cases Reveal About the Legal Risks of Prediction Markets: Bits + Bips
Analyst: Micron's earnings boost overall market sentiment for the tech sector
Chris Strazzeri, Financial Trading Manager of Moomoo’s Australia and New Zealand branch, stated: “The targeted sell-off indicates that following a sustained, strong rally in AI-related and speculative growth stocks, investors are enforcing strict valuation discipline. This serves as a warning to the market that actual earnings levels must now rise to support the currently overvalued price-to-earnings ratio. Micron Technology’s post-market earnings results largely confirm this, and its robust performance has lifted overall market sentiment in the tech sector.”
4 minutes ago
2x Leveraged Long DRAM ETF (RAM) Records $383 Million in Trading Volume on Its First Day of Listing
According to Bitget market data, the Roundhill T-REX 2X Long DRAM Daily Target ETF (Nasdaq ticker: RAM) officially launched trading yesterday. On its first trading day, the fund recorded a total turnover of $383 million, and rose 29.47% in after-hours U.S. stock trading to hit $30.8. Note: RAM’s underlying exposure covers companies engaged in memory-related technologies, including DRAM, NAND and storage solutions, targeting active traders seeking leveraged exposure to the memory chip theme and artificial intelligence infrastructure development.
4 minutes ago
BCA Research raises its S&P 500 target to 8,100 points, with AI remaining a core variable.
BCA Research has become the latest strategy firm to raise its US stock market target, reflecting Wall Street’s growing optimism about earnings support for US equities in the second half of the year. The institution lifted its year-end S&P 500 target from 7,700 points to 8,100 points. BCA’s core view is that first-quarter corporate earnings exceeded expectations in both strength and breadth, and the US economy has re-entered an expansion phase. Similar to JPMorgan Chase, BCA believes this stock rally is not only driven by valuation expansion—earnings themselves are delivering the index’s gains. AI remains the core variable in this assessment. Large tech firms including Alphabet, Microsoft, Amazon, Meta and Oracle continue to increase capital spending on data centers and AI infrastructure, driving growth in orders for chips, servers, construction, power and related industrial chains. This provides a clearer fundamental basis for upward revisions to 2026 and 2027 earnings. The institution points out that risks exist: the earnings expansion brought by AI investments has already been quickly priced into the market. If subsequent returns on capital spending are questioned, or interest rates remain elevated, further upside for the index will require more earnings confirmation rather than relying solely on investor risk appetite.
4 minutes ago
Tom Lee: Markets have nearly priced in two interest rate hikes from the Federal Reserve this year, and the rise in US Treasury yields is weighing on market sentiment.
Tom Lee said the market is still digesting Kevin Warsh’s remarks from his first press conference last week and repricing the macro environment. Over the past week, oil prices have pulled back, with war premiums contracting. Current oil prices are not far from the roughly $65 level seen before the conflict, indicating the market views related war risks as declining. On the other hand, 10-year U.S. Treasury yields continue to rise, now around 4.5%, higher than the pre-conflict level of roughly 4.2%. The main headwind the market has faced recently has shifted from oil prices to yields. Tom Lee noted that the market is not only focused on 10-year U.S. Treasury yields but also starting to price in potential additional interest rate hikes from the Federal Reserve. According to federal funds futures, the market is currently pricing in nearly two rate hikes this year. Bank of America further projected today that the Fed will raise rates three times this year, in September, October, and December respectively. Jeffrey Gundlach often emphasizes the importance of monitoring 2-year U.S. Treasury yields, as they typically lead the Fed and signal the central bank’s policy direction. Between 2023 and 2025, the relationship between 2-year U.S. Treasury yields and the federal funds rate indicated that the Fed’s policy was overly tight, requiring interest rate cuts. However, this relationship has recently reversed, meaning the Fed would need two rate hikes to catch up with 2-year U.S. Treasury yields. He believes that, at least for now, yields have become a headwind for the market.
4 minutes ago
Japan and South Korea's stock markets closed higher across the board, with Japan's stock market hitting a new closing high.
According to Bitget market data, the Nikkei 225 index closed up 3,191.37 points, or 4.61%, at 72,366.34 points on Thursday, June 25, hitting a new all-time closing high. South Korea’s KOSPI index rose 459.76 points (5.43%) to end at 8,930.78 points; SK Hynix surged 13% while Samsung Electronics gained more than 5%.
4 minutes ago
A newly created wallet withdrew 17,675 ETH from Binance, valued at $28.58 million.
According to monitoring by Onchain Lens, a newly created wallet withdrew 17,675 ETH from Binance, valued at $28.58 million.
A federal appeals court has firmly rejected efforts by Sam Bankman-Fried, the disgraced founder and former chief executive officer of the collapsed cryptocurrency exchange platform FTX, to secure a new trial. The ruling, issued on June 12, 2026, by a three-judge panel of the US Court of Appeals for the Second Circuit in New York, upholds Bankman-Fried’s 2023 convictions on multiple fraud and conspiracy charges, along with his 25-year prison sentence.
The decision affirms that the original trial proceedings were fair and that the evidence presented against the onetime crypto billionaire was overwhelmingly strong.
Bankman-Fried had argued that restrictions imposed by the trial judge prevented him from fully presenting his defense, particularly claims that he intended to repay customers and that investments made with diverted funds could have ultimately succeeded.
The appeals court dismissed these contentions, emphasizing that the government’s case demonstrated a clear pattern of misusing customer deposits.
FTX, once valued at billions of dollars and hailed as a major innovator in digital asset trading, imploded dramatically in November 2022 amid revelations of widespread mismanagement.
Prosecutors alleged that Bankman-Fried and his associates diverted roughly $8 billion in customer funds from the exchange to his affiliated trading firm, Alameda Research.
These funds were used for purposes ranging from covering trading losses and making political donations to funding personal luxuries and real estate purchases.
The scheme left customers unable to withdraw their assets during a liquidity crisis, triggering the platform’s bankruptcy.
During the 2023 trial in Manhattan federal court before Judge Lewis A. Kaplan, testimony from former close associates—including Caroline Ellison, Gary Wang, and Nishad Singh—painted a detailed picture of the fraud.
Cooperating witnesses described how Bankman-Fried directed the commingling of funds, falsification of records, and other deceptive practices while publicly assuring investors and users that their money was safe and segregated.
The jury deliberated briefly before convicting him on all seven counts, including wire fraud, securities fraud conspiracy, commodities fraud conspiracy, and money laundering conspiracy.
On appeal, Bankman-Fried’s legal team challenged various evidentiary rulings, jury instructions, and claims of judicial bias.
They contended that the defense was unfairly limited in arguing about the temporary nature of any shortfalls or Bankman-Fried’s reliance on legal advice.
The Second Circuit panel, in a unanimous opinion written by Circuit Judge Barrington D. Parker, rejected these arguments.
The court noted that even temporary misappropriation of customer funds constitutes fraud under federal law, regardless of any later intent or ability to repay.
It described the prosecution’s evidence as “robust” and found no basis to overturn the verdict or order a new proceeding.
The ruling also upholds the substantial $11 billion forfeiture order imposed alongside the prison term.
While bankruptcy proceedings have allowed for significant recoveries— with many customers receiving repayments often exceeding 100% of their claims through asset liquidations—the appeals court focused on the criminal liability established at trial.
This outcome narrows Bankman-Fried’s remaining legal options, which could include further appeals to the full Second Circuit or the U.S. Supreme Court. The decision underscores the accountability applied in some of these so-called white-collar crypto cases and seemingly provides closure for many affected by FTX’s downfall.
Analyst: Micron's earnings boost overall market sentiment for the tech sector
Chris Strazzeri, Financial Trading Manager of Moomoo’s Australia and New Zealand branch, stated: “The targeted sell-off indicates that following a sustained, strong rally in AI-related and speculative growth stocks, investors are enforcing strict valuation discipline. This serves as a warning to the market that actual earnings levels must now rise to support the currently overvalued price-to-earnings ratio. Micron Technology’s post-market earnings results largely confirm this, and its robust performance has lifted overall market sentiment in the tech sector.”
3 minutes ago
2x Leveraged Long DRAM ETF (RAM) Records $383 Million in Trading Volume on Its First Day of Listing
According to Bitget market data, the Roundhill T-REX 2X Long DRAM Daily Target ETF (Nasdaq ticker: RAM) officially launched trading yesterday. On its first trading day, the fund recorded a total turnover of $383 million, and rose 29.47% in after-hours U.S. stock trading to hit $30.8. Note: RAM’s underlying exposure covers companies engaged in memory-related technologies, including DRAM, NAND and storage solutions, targeting active traders seeking leveraged exposure to the memory chip theme and artificial intelligence infrastructure development.
3 minutes ago
BCA Research raises its S&P 500 target to 8,100 points, with AI remaining a core variable.
BCA Research has become the latest strategy firm to raise its US stock market target, reflecting Wall Street’s growing optimism about earnings support for US equities in the second half of the year. The institution lifted its year-end S&P 500 target from 7,700 points to 8,100 points. BCA’s core view is that first-quarter corporate earnings exceeded expectations in both strength and breadth, and the US economy has re-entered an expansion phase. Similar to JPMorgan Chase, BCA believes this stock rally is not only driven by valuation expansion—earnings themselves are delivering the index’s gains. AI remains the core variable in this assessment. Large tech firms including Alphabet, Microsoft, Amazon, Meta and Oracle continue to increase capital spending on data centers and AI infrastructure, driving growth in orders for chips, servers, construction, power and related industrial chains. This provides a clearer fundamental basis for upward revisions to 2026 and 2027 earnings. The institution points out that risks exist: the earnings expansion brought by AI investments has already been quickly priced into the market. If subsequent returns on capital spending are questioned, or interest rates remain elevated, further upside for the index will require more earnings confirmation rather than relying solely on investor risk appetite.
3 minutes ago
Tom Lee: Markets have nearly priced in two interest rate hikes from the Federal Reserve this year, and the rise in US Treasury yields is weighing on market sentiment.
Tom Lee said the market is still digesting Kevin Warsh’s remarks from his first press conference last week and repricing the macro environment. Over the past week, oil prices have pulled back, with war premiums contracting. Current oil prices are not far from the roughly $65 level seen before the conflict, indicating the market views related war risks as declining. On the other hand, 10-year U.S. Treasury yields continue to rise, now around 4.5%, higher than the pre-conflict level of roughly 4.2%. The main headwind the market has faced recently has shifted from oil prices to yields. Tom Lee noted that the market is not only focused on 10-year U.S. Treasury yields but also starting to price in potential additional interest rate hikes from the Federal Reserve. According to federal funds futures, the market is currently pricing in nearly two rate hikes this year. Bank of America further projected today that the Fed will raise rates three times this year, in September, October, and December respectively. Jeffrey Gundlach often emphasizes the importance of monitoring 2-year U.S. Treasury yields, as they typically lead the Fed and signal the central bank’s policy direction. Between 2023 and 2025, the relationship between 2-year U.S. Treasury yields and the federal funds rate indicated that the Fed’s policy was overly tight, requiring interest rate cuts. However, this relationship has recently reversed, meaning the Fed would need two rate hikes to catch up with 2-year U.S. Treasury yields. He believes that, at least for now, yields have become a headwind for the market.
3 minutes ago
Japan and South Korea's stock markets closed higher across the board, with Japan's stock market hitting a new closing high.
According to Bitget market data, the Nikkei 225 index closed up 3,191.37 points, or 4.61%, at 72,366.34 points on Thursday, June 25, hitting a new all-time closing high. South Korea’s KOSPI index rose 459.76 points (5.43%) to end at 8,930.78 points; SK Hynix surged 13% while Samsung Electronics gained more than 5%.
3 minutes ago
A newly created wallet withdrew 17,675 ETH from Binance, valued at $28.58 million.
According to monitoring by Onchain Lens, a newly created wallet withdrew 17,675 ETH from Binance, valued at $28.58 million.
PANews, June 18 — Avalanche announced the formation of the Avalanche Payment Alliance, which already includes 28 institutions such as Franklin Templeton, VanEck, WisdomTree, Paxos, Rain, Kraken, Anchorage Digital, Axiym, Nonco, and Request Finance, covering settlement, stablecoins, foreign exchange, treasury management, and cross-border payments. Axiym has cumulatively processed over $1.4 billion in cross-border payments on Avalanche, serving more than 150 countries and 96 currencies; Tassat’s Lynq network has migrated to an Avalanche independent L1, bringing over $2.5 trillion in historical transaction records. The alliance aims to provide payment companies with integrated settlement and compliance infrastructure, enabling enterprises to efficiently move funds across approximately 22 billion payment endpoints, including bank accounts, cards, and digital wallets.
An XRP holder has lost 14,646 XRP, worth about $16,800, after falling victim to a payment request scam on the XRP Ledger (XRPL).
The incident has sparked interest in the XRP community, as a fraudulent transaction request disguised as a verification prompt. Notably, the scam involved a transaction with the hash “84AFDEB4…FBA5FD.”
Fake XRP Rewards Offer Tricked Victim The victim was attracted by a promise of “10% monthly rewards” and a memo attached to the transaction request that read, “Safe XRPL verify message.”
However, the word “Safe” gave the transaction no legitimacy. A scammer created the memo to make the request appear official and trustworthy.
The victim eventually approved the pre-filled transaction request. As a result, 14,646 XRP was sent to the address “rNVdQM2A…wwbmH3,” which has since been flagged as fraudulent on XRPL explorers.
How XRPL Payment Requests Work Meanwhile, payment requests are a legitimate feature on the XRP Ledger. They are supported by wallets such as Xaman and allow users to receive pre-filled payment requests through links or QR codes.
These requests include a destination address, payment amount, and an optional memo. Users normally review the details and approve the transaction if everything looks correct.
The feature is common for invoices, peer-to-peer payments, and tipping. However, scammers abuse it by creating requests that imitate verification messages or reward programs.
Always Double-Check Transactions Following the incident, XRP community members urged users to be extra cautious. They noted that terms like “safe,” “verify,” or “reward” do not prove a transaction is legitimate.
Users should also verify destination addresses through blockchain explorers such as Bithomp or XRPScan before signing any transaction.
Investors should also avoid unsolicited links and offers promising unusually high returns. Notably, legitimate projects rarely require users to send XRP first in exchange for rewards or account verification.
The incident is another reminder that blockchain transactions are irreversible. A single mistaken approval permanently transfers funds to scammers.
Reacting to the incident, X user Wade Canell disclosed he traced his stolen assets to a specific exchange account and provided the information to law enforcement. According to the comment, efforts to have the funds frozen were unsuccessful, and the user expressed frustration with the response from local authorities.
Another user, Agent_Sam20, said he previously lost 40,000 XRP in a scam and urged others to carefully review every transaction before approving it. He noted that while stolen funds are traceable on-chain, recovery is far from guaranteed, even when incidents are reported quickly.
Reactions from community members DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
AI agents can now access 0x Protocol's Swap API by paying $0.01 per request in USDC directly from their own wallets, with no API key required, via the HTTP 402 and x402 standard built with Alchemy AgentPay.
AI agents can now access 0x Protocol's Swap API by paying $0.01 per request in USDC from their own wallets, with no API key or account setup required. The integration, built with Alchemy AgentPay, runs on the HTTP 402 standard and extends the protocol's DeFi liquidity aggregation to autonomous software agents for the first time.
The mechanism follows the x402 protocol flow: an agent sends an HTTP request to the 0x endpoint, the server returns a 402 Payment Required response, the agent signs a USDC payment on-chain, and a proxy verifies the transaction before releasing swap data. Payment is accepted via x402 on Base and Solana, or via the Machine Payment Protocol (MPP), per the 0x thread on X Tuesday.
Why Agents Need ThisTraditional API access requires an account, a credit card, a key, and a billing cycle. None of those map cleanly to an autonomous process that may need to execute a single swap query before spinning down. The pay-per-request model lets an agent call the endpoint when it needs it and pay only for what it consumes, at $0.01 per call.
0x's Swap API aggregates liquidity across major DEX venues, making it one of the more practical data sources for any agent that needs onchain pricing or routing. Opening it to API-keyless access removes the setup step that would otherwise require human intervention before an agent can run.
Growing StackThe launch adds 0x to a stack of AI-agent payment infrastructure that has grown quickly since early June. AWS plugged Coinbase's x402 into CloudFront on June 19, letting any site behind Amazon's CDN charge agents per request in USDC. Coinbase for Agents launched standalone agent accounts on June 11. Mastercard's Agent Pay for Machines (AP4M) and Ripple's XRPL AI Starter Kit both launched June 10.
The x402 network has processed 75.41 million transactions totaling $24.24 million in volume over the past 30 days, per x402.org. 0x has not disclosed how many agent requests its Swap API has received since the feature launched, and the announcement includes no volume projections.
TL;DR 0x is opening Swap API access to AI agents through a pay-per-request model. The setup uses USDC and the HTTP 402 payment concept to remove traditional API keys and subscriptions. The move shows how crypto payments may become invisible infrastructure for autonomous software. AI Agents Get A DeFi Payment Rail 0x Protocol is opening its Swap API to AI agents through a pay-per-request model that uses USDC, giving autonomous software a way to access decentralized liquidity without traditional API accounts, subscriptions or manual billing flows.
The development sits at the intersection of two fast-moving themes: AI agents and crypto payments. Instead of a company signing up for an API key and paying an invoice, an agent can theoretically pay for a request directly from a wallet. That is a small technical shift, but it hints at a larger change in how software may pay for services online.
Why HTTP 402 Matters The idea leans on the long-dormant HTTP 402 “Payment Required” concept. In practice, the web never widely adopted native machine payments. Crypto rails, especially stablecoins, give developers a way to revisit that model because small payments can be settled programmatically and globally.
For DeFi, the application is straightforward. An agent that needs a token quote, route or swap can pay a tiny fee in USDC per request. That reduces friction for builders who do not want enterprise contracts, and it may make API access more modular for bots, wallets, trading tools and agentic workflows.
Still Early, But Strategically Important This is still an early infrastructure story rather than evidence of mass AI-agent trading. Developers will need to manage security, permissioning, wallet controls and payment reliability before autonomous agents can safely interact with financial APIs at scale.
Even so, the direction is notable. Crypto’s strongest AI-adjacent use case may not be tokens branded around artificial intelligence. It may be stablecoin payments and wallet-based identity quietly powering machine-to-machine commerce in the background.
This coverage is based on information from Crypto Briefing.
This article was written by the News Desk and edited by Samuel Rae.
Analyst: Micron's earnings boost overall market sentiment for the tech sector
Chris Strazzeri, Financial Trading Manager of Moomoo’s Australia and New Zealand branch, stated: “The targeted sell-off indicates that following a sustained, strong rally in AI-related and speculative growth stocks, investors are enforcing strict valuation discipline. This serves as a warning to the market that actual earnings levels must now rise to support the currently overvalued price-to-earnings ratio. Micron Technology’s post-market earnings results largely confirm this, and its robust performance has lifted overall market sentiment in the tech sector.”
3 minutes ago
2x Leveraged Long DRAM ETF (RAM) Records $383 Million in Trading Volume on Its First Day of Listing
According to Bitget market data, the Roundhill T-REX 2X Long DRAM Daily Target ETF (Nasdaq ticker: RAM) officially launched trading yesterday. On its first trading day, the fund recorded a total turnover of $383 million, and rose 29.47% in after-hours U.S. stock trading to hit $30.8. Note: RAM’s underlying exposure covers companies engaged in memory-related technologies, including DRAM, NAND and storage solutions, targeting active traders seeking leveraged exposure to the memory chip theme and artificial intelligence infrastructure development.
3 minutes ago
BCA Research raises its S&P 500 target to 8,100 points, with AI remaining a core variable.
BCA Research has become the latest strategy firm to raise its US stock market target, reflecting Wall Street’s growing optimism about earnings support for US equities in the second half of the year. The institution lifted its year-end S&P 500 target from 7,700 points to 8,100 points. BCA’s core view is that first-quarter corporate earnings exceeded expectations in both strength and breadth, and the US economy has re-entered an expansion phase. Similar to JPMorgan Chase, BCA believes this stock rally is not only driven by valuation expansion—earnings themselves are delivering the index’s gains. AI remains the core variable in this assessment. Large tech firms including Alphabet, Microsoft, Amazon, Meta and Oracle continue to increase capital spending on data centers and AI infrastructure, driving growth in orders for chips, servers, construction, power and related industrial chains. This provides a clearer fundamental basis for upward revisions to 2026 and 2027 earnings. The institution points out that risks exist: the earnings expansion brought by AI investments has already been quickly priced into the market. If subsequent returns on capital spending are questioned, or interest rates remain elevated, further upside for the index will require more earnings confirmation rather than relying solely on investor risk appetite.
3 minutes ago
Tom Lee: Markets have nearly priced in two interest rate hikes from the Federal Reserve this year, and the rise in US Treasury yields is weighing on market sentiment.
Tom Lee said the market is still digesting Kevin Warsh’s remarks from his first press conference last week and repricing the macro environment. Over the past week, oil prices have pulled back, with war premiums contracting. Current oil prices are not far from the roughly $65 level seen before the conflict, indicating the market views related war risks as declining. On the other hand, 10-year U.S. Treasury yields continue to rise, now around 4.5%, higher than the pre-conflict level of roughly 4.2%. The main headwind the market has faced recently has shifted from oil prices to yields. Tom Lee noted that the market is not only focused on 10-year U.S. Treasury yields but also starting to price in potential additional interest rate hikes from the Federal Reserve. According to federal funds futures, the market is currently pricing in nearly two rate hikes this year. Bank of America further projected today that the Fed will raise rates three times this year, in September, October, and December respectively. Jeffrey Gundlach often emphasizes the importance of monitoring 2-year U.S. Treasury yields, as they typically lead the Fed and signal the central bank’s policy direction. Between 2023 and 2025, the relationship between 2-year U.S. Treasury yields and the federal funds rate indicated that the Fed’s policy was overly tight, requiring interest rate cuts. However, this relationship has recently reversed, meaning the Fed would need two rate hikes to catch up with 2-year U.S. Treasury yields. He believes that, at least for now, yields have become a headwind for the market.
3 minutes ago
Japan and South Korea's stock markets closed higher across the board, with Japan's stock market hitting a new closing high.
According to Bitget market data, the Nikkei 225 index closed up 3,191.37 points, or 4.61%, at 72,366.34 points on Thursday, June 25, hitting a new all-time closing high. South Korea’s KOSPI index rose 459.76 points (5.43%) to end at 8,930.78 points; SK Hynix surged 13% while Samsung Electronics gained more than 5%.
3 minutes ago
A newly created wallet withdrew 17,675 ETH from Binance, valued at $28.58 million.
According to monitoring by Onchain Lens, a newly created wallet withdrew 17,675 ETH from Binance, valued at $28.58 million.
> Build Your BNB Hack Trading Agent with Trust Wallet Agent Kit
AnnouncementsPublished on: Jun 3, 2026
Share postIn BriefBNB Hack: AI Trading Agent Edition is live - a hackathon by BNB Chain, CoinMarketCap, and Trust Wallet with $36,000 in prizes and two tracks.
Note: Full hackathon brief - tracks, prizes, timeline, and how to apply - here: https://short.trustwallet.com/bnb-hack
BNB Hack: AI Trading Agent Edition is a multi-week hackathon hosted by BNB Chain, CoinMarketCap, and Trust Wallet. $36,000 in prizes. Two tracks. June 3-28.
If you're building on Track 1 (Autonomous Trading Agents), Trust Wallet Agent Kit is the wallet layer for your entry.
Register your agent on-chain before the live trading window opens on June 22: Trust Wallet Agent Kit compete register.
Apply → https://short.trustwallet.com/bnb-hack
Here's what you need to know to get started.
Download Trust Wallet
What Trust Wallet Agent Kit gives your agent Trading agents that move real value need a wallet layer that doesn't compromise on custody.
Trust Wallet Agent Kit gives your agent:
Non-custodial signing. Private keys stay with the developer - not with a platform.
Self-funding via x402. Your agent can pay for its own compute - LLM calls, data APIs, any x402-compatible service — on-chain, within developer-defined limits. No manual top-up required between sessions.
30+ chains from day one. Track 1 is focused on BSC, but Trust Wallet Agent Kit supports the full multi-chain landscape. Agents built on Trust Wallet Agent Kit aren't locked to a single venue.
Developer-defined policy. Every transaction the agent makes is governed by rules you set upfront — daily spend caps, asset allowlists, address restrictions. The agent is autonomous within the boundaries you define.
The tw.agenticWallet.* namespace is live in BNB Chain AI Studio's MCP Server alongside ERC-8004, ERC-8183, and x402. Trust Wallet Agent Kit is built to compose with the rest of the open agent stack.
Get set up in seconds curl -fsSL https://agent-kit.trustwallet.com/install.sh | bash
Then:
twak wallet create twak compete register twak x402 pay --url <llm-service> --amount 0.01 --asset BNB twak start crypto Agent is live on BSC → own wallet → registered on-chain → self-funded → running.
Full docs, BNB Chain quickstart hub, and the tw.agenticWallet.* namespace reference:
portal.trustwallet.com
The special prize There's a $2,000 special prize for the best use of Trust Wallet Agent Kit - awarded independently from the main track prizes.
The strongest agent built using TWAK for non-custodial signing, x402 self-funding, or both wins. Judged on TWAK integration depth, self-custody integrity throughout the full trade loop, autonomous mode usage, and native x402. The winner's project is published as a reference agent on the Trust Wallet Builder Portal.
Terms of Service: https://portal.trustwallet.com/terms-of-service
BNBAgent SDK: github.com/bnb-chain/bnbagent-sdk
Full hackathon details + apply: [BNB Chain blog - link TBC]
Download Trust Wallet
Disclaimer: 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.
Join the Trust Wallet community on Telegram. Follow us on X (formerly Twitter), Instagram, Facebook, Reddit, Warpcast, and Tiktok
Note: Any cited numbers, figures, or illustrations are reported at the time of writing, and are subject to change.
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PANews reported on June 3rd that BNB Chain, in collaboration with CoinMarketCap and Trust Wallet, launched the "BNB Hack: AI Trading Agent Season," running from June 3rd to 21st with a total prize pool of $36,000. The competition is divided into two tracks: Track 1 focuses on building an intelligent agent capable of autonomously executing trades on BSC, and Track 2 focuses on building CMC Skills based on CoinMarketCap data to generate trading strategies. Track 1 will be ranked by live trading PnL and total return rate under maximum drawdown limits; Track 2 and the special award will be judged by judges based on four criteria: technical execution, creativity, application value, and live demonstration. Finalist projects will also receive CMC API points, Trust Wallet inclusion eligibility, eligibility to apply for the BNB Chain Accelerator Program, and one-on-one mentorship from three third-party mentors.
Share postIn BriefTrust Wallet welcomes Thomas Lau as Head of Design, bringing design leadership from Phantom and Crypto.com to set the standard for how users interact with crypto across the world's leading self-custody wallet.
Great crypto products don't just work, they look and feel right. That's why we're excited to welcome Thomas Lau as the new Head of Design at Trust Wallet. His appointment reinforces our commitment to building world-class product experiences for millions of users who choose the world's leading self-custody crypto wallet every day.
Thomas will lead the design vision across Trust Wallet's product suite, setting the standard for how users interact with crypto — from onboarding to advanced Web3 features. He will work closely with product, engineering, marketing, and leadership teams to ensure Trust Wallet continues to deliver experiences that are beautiful, intuitive, and built for everyone.
Thomas brings a strong track record of design leadership across the crypto industry. Most recently, he served as Product Design Lead at Phantom. Before that, he held senior design roles at Crypto.com.
On Thomas’ appointment, Felix Fan, CEO of Trust Wallet, said: "Design is one of the most powerful tools we have for making crypto accessible to everyone. Thomas brings exactly the depth of craft and crypto-native perspective we need to take Trust Wallet's product experience to the next level. We're thrilled to have him on board."
Thomas Lau, Head of Design at Trust Wallet, said: "Trust Wallet is the world's leading self-custody wallet, that's an incredible foundation to build on. I'm here to make sure the design experience lives up to that, and to help push what's possible in crypto. The best is still ahead.”
Welcome to the team, Thomas!
Download Trust Wallet
Disclaimer: 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.
Join the Trust Wallet community on Telegram. Follow us on X (formerly Twitter), Instagram, Facebook, Reddit, Warpcast, and Tiktok
Note: Any cited numbers, figures, or illustrations are reported at the time of writing, and are subject to change.
Simple and convenient to use, seamless to exploreDownload Trust WalletDownload Trust Wallet
TLDR:How the Intents Model Simplifies Cross-Chain TransactionsFee Data Reflects Wide Integration Across the EcosystemPrice Structure and Market Sentiment Around NEAR NEAR Intents has surpassed $20B in cumulative volume, driven by solver-based cross-chain routing. SwapKit generated $26.6M of $34.4M in total fees recorded across the NEAR Intents protocol. Wallets including Ledger, Trust Wallet, and Brave are already routing user transactions via NEAR. Confidential Intents recorded $22.6M in TVL within two months of launching on the NEAR network. NEAR Intents has crossed $20 billion in cumulative volume, marking a notable milestone for the protocol’s cross-chain infrastructure.
The platform routes transactions across major networks including Ethereum, Solana, Tron, Base, BNB Chain, and Zcash. A growing list of wallets and swap protocols already directs user flow through NEAR’s settlement layer.
The architecture removes much of the friction traditionally associated with moving assets between blockchains, drawing attention from analysts tracking on-chain activity.
How the Intents Model Simplifies Cross-Chain Transactions NEAR Intents operates on a solver-based model that replaces the conventional multi-step bridging process. Users sign a single intent rather than selecting a chain, bridge, DEX, gas token, and transaction route manually. Solvers then compete to fill that intent at the best available price and path.
Once a solver identifies the optimal route, NEAR’s verifier settles the state change atomically. If the intent cannot be filled under the stated conditions, the transaction does not execute. This design removes execution risk for end users who only need to specify the desired outcome.
As crypto analyst Karamata noted on X, solvers can access CEX liquidity, DEX liquidity, off-chain inventory, and bridges simultaneously.
That access is not constrained to a single liquidity pool, which gives the system broader reach than traditional DEX routing.
Fee Data Reflects Wide Integration Across the Ecosystem SwapKit has emerged as the largest contributor to NEAR Intents fee volume, generating $26.6 million of the total $34.4 million recorded so far. Every application built on the SwapKit SDK gains access to NEAR Intents liquidity by default.
That integration has significantly broadened the protocol’s user base without requiring direct adoption from end users.
Other contributors include Zodl/Zashi with approximately $3.6 million in fees, alongside routing from Ledger, ShapeShift, Rango Exchange, Thorwallet, Brave, Cake Wallet, Trust Wallet, Bitget Wallet, OpenOcean, Rubic, Li.Fi, KyberNetwork, and StableFlow.
The breadth of integrations suggests the protocol is already embedded in mainstream crypto workflows. Many users routing swaps through these platforms may be interacting with NEAR infrastructure without knowing it.
Confidential Intents, a newer feature, has also gained early traction. The privacy-focused layer accumulated $22.6 million in total value locked within two months of going live. That pace points to demand for on-chain privacy features as the cross-chain space matures.
Price Structure and Market Sentiment Around NEAR On the price side, NEAR has pulled back nearly 35% from recent local highs amid broader market weakness. Analyst @speartrades_app pointed out that the chart structure remains relatively intact despite the decline.
A specific support zone, described as a purple region on the chart, has consistently attracted buyers throughout this cycle.
$NEAR has corrected nearly 35% from local highs.
Despite the panic, the chart remains surprisingly clean.
The purple zone continues to act as a major support level that has repeatedly attracted buyers throughout this cycle.
As long as NEAR holds this region, the current move… pic.twitter.com/F5ngr7JlJl
— SpearTrades (@speartrades_app) June 5, 2026
As long as NEAR holds above that support level, the correction can be read as a normal retracement alongside Bitcoin’s broader pullback.
A decisive breakdown below that level, however, could shift market sentiment and trigger a deeper move lower. Traders are watching the zone closely for the next directional cue.
Beyond price, the protocol is moving into its next phase through Confidential Intents. The feature recorded $22.6 million in confidential TVL within just two months of going live.
If cross-chain privacy becomes a standard expectation, NEAR’s infrastructure positions it early in that market.
Analyst: Micron's earnings boost overall market sentiment for the tech sector
Chris Strazzeri, Financial Trading Manager of Moomoo’s Australia and New Zealand branch, stated: “The targeted sell-off indicates that following a sustained, strong rally in AI-related and speculative growth stocks, investors are enforcing strict valuation discipline. This serves as a warning to the market that actual earnings levels must now rise to support the currently overvalued price-to-earnings ratio. Micron Technology’s post-market earnings results largely confirm this, and its robust performance has lifted overall market sentiment in the tech sector.”
3 minutes ago
2x Leveraged Long DRAM ETF (RAM) Records $383 Million in Trading Volume on Its First Day of Listing
According to Bitget market data, the Roundhill T-REX 2X Long DRAM Daily Target ETF (Nasdaq ticker: RAM) officially launched trading yesterday. On its first trading day, the fund recorded a total turnover of $383 million, and rose 29.47% in after-hours U.S. stock trading to hit $30.8. Note: RAM’s underlying exposure covers companies engaged in memory-related technologies, including DRAM, NAND and storage solutions, targeting active traders seeking leveraged exposure to the memory chip theme and artificial intelligence infrastructure development.
3 minutes ago
BCA Research raises its S&P 500 target to 8,100 points, with AI remaining a core variable.
BCA Research has become the latest strategy firm to raise its US stock market target, reflecting Wall Street’s growing optimism about earnings support for US equities in the second half of the year. The institution lifted its year-end S&P 500 target from 7,700 points to 8,100 points. BCA’s core view is that first-quarter corporate earnings exceeded expectations in both strength and breadth, and the US economy has re-entered an expansion phase. Similar to JPMorgan Chase, BCA believes this stock rally is not only driven by valuation expansion—earnings themselves are delivering the index’s gains. AI remains the core variable in this assessment. Large tech firms including Alphabet, Microsoft, Amazon, Meta and Oracle continue to increase capital spending on data centers and AI infrastructure, driving growth in orders for chips, servers, construction, power and related industrial chains. This provides a clearer fundamental basis for upward revisions to 2026 and 2027 earnings. The institution points out that risks exist: the earnings expansion brought by AI investments has already been quickly priced into the market. If subsequent returns on capital spending are questioned, or interest rates remain elevated, further upside for the index will require more earnings confirmation rather than relying solely on investor risk appetite.
3 minutes ago
Tom Lee: Markets have nearly priced in two interest rate hikes from the Federal Reserve this year, and the rise in US Treasury yields is weighing on market sentiment.
Tom Lee said the market is still digesting Kevin Warsh’s remarks from his first press conference last week and repricing the macro environment. Over the past week, oil prices have pulled back, with war premiums contracting. Current oil prices are not far from the roughly $65 level seen before the conflict, indicating the market views related war risks as declining. On the other hand, 10-year U.S. Treasury yields continue to rise, now around 4.5%, higher than the pre-conflict level of roughly 4.2%. The main headwind the market has faced recently has shifted from oil prices to yields. Tom Lee noted that the market is not only focused on 10-year U.S. Treasury yields but also starting to price in potential additional interest rate hikes from the Federal Reserve. According to federal funds futures, the market is currently pricing in nearly two rate hikes this year. Bank of America further projected today that the Fed will raise rates three times this year, in September, October, and December respectively. Jeffrey Gundlach often emphasizes the importance of monitoring 2-year U.S. Treasury yields, as they typically lead the Fed and signal the central bank’s policy direction. Between 2023 and 2025, the relationship between 2-year U.S. Treasury yields and the federal funds rate indicated that the Fed’s policy was overly tight, requiring interest rate cuts. However, this relationship has recently reversed, meaning the Fed would need two rate hikes to catch up with 2-year U.S. Treasury yields. He believes that, at least for now, yields have become a headwind for the market.
3 minutes ago
Japan and South Korea's stock markets closed higher across the board, with Japan's stock market hitting a new closing high.
According to Bitget market data, the Nikkei 225 index closed up 3,191.37 points, or 4.61%, at 72,366.34 points on Thursday, June 25, hitting a new all-time closing high. South Korea’s KOSPI index rose 459.76 points (5.43%) to end at 8,930.78 points; SK Hynix surged 13% while Samsung Electronics gained more than 5%.
3 minutes ago
A newly created wallet withdrew 17,675 ETH from Binance, valued at $28.58 million.
According to monitoring by Onchain Lens, a newly created wallet withdrew 17,675 ETH from Binance, valued at $28.58 million.
Binance just made it possible to trade tokenized versions of Nvidia and Tesla stock at 3 a.m. on a Sunday. The exchange launched bStocks on June 10, bringing 24/7 on-chain trading of 1:1-backed US equity tokens to BNB Chain, with full withdrawal support to self-custody wallets like Trust Wallet.
The initial lineup includes five tokens: NVDAB (Nvidia), TSLAB (Tesla), CRCLB (Circle), MUB (Micron), and SNDKB (SanDisk). Each token is backed one-to-one by the underlying US equity, held through Binance’s brokerage framework and structured via an Abu Dhabi-based Special Purpose Vehicle.
How bStocks actually works Binance purchases the actual shares, locks them under a regulated SPV in Abu Dhabi, and issues corresponding tokens on BNB Chain. When you buy TSLAB, there’s a real Tesla share sitting in custody backing it up.
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The zero-fee structure is the attention-grabber here. Traditional brokerages have largely moved to commission-free trading for US equities, but adding 24/7 availability and near-instant on-chain settlement is a different proposition entirely. No waiting for T+1 clearing. No market hours. No weekends off.
Users can withdraw their tokenized equities to Trust Wallet, meaning the tokens live in a wallet the user controls rather than sitting on a centralized exchange.
Building on a tokenized foundation bStocks didn’t appear out of nowhere. Back in late April 2026, BNB Chain saw the deployment of xStocks, which brought over 50 tokenized assets on-chain with plans to add more than 100 additional assets shortly after. Earlier in June 2026, Binance also rolled out zero-commission trading of over 7,000 US stocks and ETFs for eligible non-US users. bStocks takes the next logical step by pushing those assets onto the blockchain itself.
The choice of Abu Dhabi as the regulatory home for the SPV structure is deliberate. The UAE has positioned itself as one of the more crypto-accommodating jurisdictions globally, and Binance has been building its presence there for years.
What this means for investors The pitch is straightforward. If you’re a non-US investor who wants exposure to major US equities without dealing with traditional brokerage infrastructure, bStocks removes several layers of friction. No commissions, no market hour restrictions, and the ability to hold your stock tokens in a self-custody wallet alongside your crypto holdings.
The 1:1 backing depends entirely on the integrity and solvency of the custodial structure and the Abu Dhabi SPV. If anything goes sideways with the custodian or Binance’s brokerage operations, token holders could find their “stock” is worth considerably less than the underlying share.
The initial five tokens are a conservative starting lineup, all recognizable names that crypto-native investors already follow. If bStocks grows to match the scale of the 7,000-plus equities already available on Binance’s traditional trading product, it could become one of the most significant real-world asset deployments in DeFi history.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Share postIn BriefbStocks are live on Trust Wallet — access tokenized US stocks like NVIDIA and Tesla 24/7 on BNB Chain, with no fees and full 1:1 backing.
Download Trust Wallet
What are bStocks? We're excited to introduce bStocks on Trust Wallet — a new way to access real U.S. equities on-chain, around the clock. bStocks are tokenized securities on BNB Smart Chain that give you economic exposure to U.S.-listed stocks — price movements, dividends, and stock splits — packaged as a standard BEP-20 token that trades 24/7 from your self-custody wallet, with no KYC required.
Corporate actions are handled automatically on-chain, so your balance simply updates.
Verify the collateral backing bStocks here.
Because bStocks live on-chain, they can do things a traditional share never could. From day one, you can put your bStocks to work across DeFi on BNB Chain: lend on Venus and Lista DAO, trade on PancakeSwap, Aster, and more.
Why This Matters to You At Trust Wallet, we believe self-custody should mean access to everything — not just crypto.
Stocks are the most universally understood financial asset in the world, yet many people still lack simple, frictionless, around-the-clock access to them. Brokerage accounts, market hours, and settlement delays are the friction points that have kept traditional equities out of reach for too many. bStocks remove all of that.
We see this as the beginning of a much larger shift — one where stocks, bonds, real estate, and other traditional assets become as accessible and composable as tokens. bStocks are a step in that direction. They won't be the last.
bStocks Available NowToken Underlying Asset Contract TSLABTesla, Inc.0x5b19...292fCRCLBCircle Internet Group0x80f3...ffc0MUBMicron Technology, Inc.0xcdf2...2699SNDKBSanDisk Corporation0x3ee4...50fbNVDABNVIDIA Corporation0x02fc...7436View each contract on BscScan: TSLAB · CRCLB · MUB · SNDKB · NVDAB
More assets will be listed soon.
How to Access bStocks on Trust Wallet Open Trust Wallet and navigate to the "Markets" section.
Click on the "bStocks" list to view all the available bStocks.
Search for the specific token you want: NVDAB, TSLAB, or any available token.
Select your trading pair and review the quote.
Confirm the transaction. Your bStock balance appears instantly.
To convert to the underlying equity, use Binance's 1:1 conversion feature directly.
Frequently Asked Questions What are bStocks? Tokenized US equities on BNB Smart Chain, each backed 1:1 by the corresponding share held at a regulated custodian. They trade 24/7 as BEP-20 tokens and give you full economic exposure to the underlying stock, including price movements, dividends, and corporate actions, without directly holding the share itself.
What bStocks are available on day one? Five bStocks are live at launch: TSLAB (Tesla), CRCLB (Circle Internet Group), MUB (Micron Technology), SNDKB (SanDisk Corporation), and NVDAB (NVIDIA). More assets coming soon.
Who can use bStocks? Eligible users outside the United States and other restricted jurisdictions. US persons are not eligible. Geographic restrictions are enforced at the application layer. For the full list of geofenced regions, refer to the end of this article.
Do I need KYC or a brokerage account? No brokerage account required. Standard Trust Wallet verification requirements apply where relevant.
Are there any management or custodial fees? None. Zero commission, zero custody fees, zero management fees, zero conversion fees.
When can I trade? 24/7, including weekends and US market holidays. bStocks aren't bound by traditional market hours.
What's the difference between traditional stocks and bStocks? Traditional stocks trade during market hours, settle on T+1, and sit in a brokerage account. bStocks trade 24/7, settle near-instantly, and live in your self-custody wallet, giving you the same economic exposure to the underlying share without the need for a broker. Traditional stocks also confer full legal shareholder rights (e.g. voting) while bStocks confer mainly economic benefits such as price movements, dividends, and stock splits.
What's the difference between Binance Stocks and bStocks? Binance Stocks are real equity positions — real shares held in your Binance account, traded through Binance's regulated stock platform during market hours. bStocks are the on-chain equivalent: BEP-20 tokens backed 1:1 by real shares that give you full economic exposure to the underlying equity, tradeable 24/7 and accessible without a brokerage or Binance account. You can convert between the two at any time, 1:1, at no fee.
What's the difference between equity perpetuals and bStocks? Perpetuals are derivatives. You never hold the underlying asset or any claim on it. bStocks are backed 1:1 by real shares, pay dividends, adjust for stock splits, and can be converted to the actual equity at any time. The economic exposure is real, even if you're not holding the share directly.
Do I get dividends? Yes. Dividends are automatically reinvested into additional shares and reflected as an increase in your token balance. No action needed. Note: dividends are processed net of the standard 30% US withholding tax for non-US holders.
Do I get shareholder rights? bStocks give you full economic exposure to the underlying stock, including price movements, dividends, and automatic corporate action adjustments. They are not direct share ownership, so voting and other legal shareholder rights are not included.
Can I use bStocks in DeFi? Yes. As standard BEP-20 tokens with ERC-8056 support, bStocks are composable with compatible DeFi protocols. Venus Protocol, Lista DAO, Aster, and PancakeSwap (via PancakeSwapX) support them at launch.
How do I sell or swap my bStocks? Swap directly in Trust Wallet. To convert back to the underlying equity, use Binance's 1:1 conversion — free and available 24/7.
Start Accessing bStocks Today Real World Assets. Real exposure. No market hours, no brokerage account, no management fees.
Download Trust Wallet
Disclaimer: bStocks are tokenized securities (FSMR para 92, ADGM prospectus, certificate classification) and governed solely by their terms. Trust Wallet makes no representations or guarantees thereof. bStocks are not available for purchase or sale in certain regions including the United States, the United Kingdom, or the European Union, and may not be offered, sold, or delivered to any “U.S. Person”. Asset prices may vary and are subject to market risk. This content is for general information purposes only and is not intended as an offer, solicitation, promotion, recommendation, or invitation to buy or sell securities in any jurisdiction. Always DYOR. . Subject to their Terms of Service and ours https://trustwallet.com/terms-of-service.
Join the Trust Wallet community on Telegram. Follow us on X (formerly Twitter), Instagram, Facebook, Reddit, Warpcast, and Tiktok
Note: Any cited numbers, figures, or illustrations are reported at the time of writing, and are subject to change.
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