Collector Crypt hits $1 billion in volume, out-earns Pump.fun@Collector_Crypt, a @solana-based platform that vaults professionally graded physical trading cards and tokenizes them as redeemable NFTs, has crossed $1 billion in cumulative trading volume and over $50 million in cumulative revenue, according to data from DeFiLlama. The revenue milestone puts it ahead of some of the most well-known applications in the Solana ecosystem, including Pump.fun, the memecoin launchpad that dominated Solana headlines for months.
The platform uses a gacha system, a randomized pack-opening mechanic borrowed from mobile gaming, where users purchase digital packs containing tokenized versions of real graded cards, with each NFT mapped to a specific physical card graded by companies like PSA. Once a pack is opened, holders can trade the card instantly on-chain, sell it back through the platform's buyback system, or redeem the physical card and have it shipped to them. More than 30% of users have actually redeemed physical cards from the vaults.
Collector Crypt posted a record $1.06 million in daily revenue this month, overtaking Pump.fun on a single-day basis for the first time. The daily active user count has climbed to approximately 40,000, a figure that received a significant boost after the platform integrated with the Solflare wallet, driving a 129% week-over-week increase in fees.
A $230M market, with Solana taking the lion's shareThe tokenized trading card market posted its strongest month on record in May 2026. The top seven platforms generated $230 million in gacha-based pack sales, up from $32 million a year earlier, a sevenfold increase, with Solana accounting for approximately 64% of total volume, according to a Decrypt investigation. Solana's low transaction fees and fast settlement make it well-suited to high-frequency collectible trading.
Collector Crypt competes in the tokenized collectibles space alongside @Courtyard_io and @phygitals, both of which have built similar physical-to-digital redemption models on-chain. Phygitals has established itself as a major player in the category, recording nearly $149 million in cumulative gacha spending and more than $290 million in marketplace transaction volume.
The rapid growth has also drawn regulatory scrutiny. The biggest risk may be regulatory. Randomized pack mechanics with real monetary value sit in an uncomfortable gray zone between gaming, gambling, and securities. Multiple jurisdictions have already cracked down on loot boxes in traditional gaming, and a platform that sells randomized packs of tokenized assets for crypto could attract regulatory attention. Regulatory treatment of randomized pack mechanics varies by jurisdiction and has not been resolved for tokenized versions of the model. Collector Crypt operates with physical asset backing and a redemption pathway, which distinguishes it from purely digital loot boxes, but the regulatory question remains open.
Collector Crypt's performance matters beyond its own revenue line because it validates a category. Tokenized real-world assets have mostly been discussed in the context of treasury bills and real estate. The idea that physical collectibles could be an equally viable RWA vertical is gaining credibility with every record Collector Crypt sets.
Sources:
Collector Crypt hits $1B in trading volume and $50M revenue on Solana (Crypto Briefing)
Tokenized TCG Market Hits $230M in May, Solana Leads With 64% (Solana Compass)
Gacha Sports Launches on Solana as Collector Crypt Tops Pump.fun in Daily Revenue (Genfinity)
Tokenized stocks trading on Solana reached $553 million in daily volume on June 24, marking a new all-time high for the category. These are tokenized versions of actual equities, trading on a blockchain, at volumes that would make some small-cap stock exchanges jealous.
The milestone caps off a stretch where Solana has quietly, then not so quietly, become the dominant venue for on-chain equity trading. During the week of June 15-21, Solana captured roughly 95-98% of all tokenized equity spot trading volume globally, with weekly volume hitting $1.298 billion.
The category has now reached $10 billion in cumulative transfer volume, and Solana is running the table.
What’s actually driving the volume The biggest name in this space right now is Backpack, which offers tokenized shares of companies including SpaceX through its SPCX token. On certain peak days, SPCX alone has exceeded $100 million in trading volume.
SpaceX is a particularly interesting case study here. It’s one of the most sought-after private companies on Earth, and traditional retail investors have essentially zero access to its shares. Tokenization changes that equation entirely, offering fractional ownership of an asset that was previously locked behind private market gates.
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Sunrise DeFi is another platform contributing to the momentum, and together these protocols are building out the infrastructure that makes 24/7 trading and DeFi integration possible. In English: you can trade a tokenized stock at 2 AM on a Sunday and potentially use it as collateral in a lending protocol.
The monthly volume across all chains for tokenized equities hit a record $5.3 billion in May 2026. Solana’s share of that pie has only grown since, suggesting June will comfortably surpass the previous month’s record.
Why Solana, and why now Solana’s dominance in this category isn’t accidental. The chain’s low transaction costs and high throughput make it naturally suited for the kind of frequent, smaller-sized trades that characterize retail equity participation. If you’re buying $50 worth of a tokenized stock, paying $15 in gas fees on Ethereum makes the trade economically absurd. On Solana, that friction essentially disappears.
Fractional ownership removes the barrier of high share prices. Round-the-clock trading removes the constraint of market hours. DeFi composability adds utility that a brokerage account simply doesn’t provide.
Unique wallets holding tokenized stocks on Solana have increased dramatically in recent periods, suggesting that the volume surge isn’t just a handful of whales churning positions. It reflects genuine broadening of the user base.
What this means for investors The $553 million daily volume figure matters because it represents a threshold. Tokenized equities on Solana are approaching volumes that demand attention from both traditional finance and crypto-native investors.
For the Solana ecosystem specifically, this is a significant narrative shift. The chain has spent much of the past two years associated with memecoin speculation and high-velocity token launches. Tokenized stocks represent the opposite end of the spectrum: real-world assets, relatively stable value propositions, and use cases that traditional investors can immediately understand.
There are real risks to watch. Regulatory clarity around tokenized securities remains a work in progress across most jurisdictions. The question of what legal rights a tokenized stock actually confers versus holding a share through a traditional transfer agent is not fully settled.
The concentration risk is also worth noting. When one chain handles 95-98% of a category’s volume, any Solana-specific issue becomes a systemic risk for the entire tokenized equity market. Diversification across chains hasn’t happened yet, and until it does, this remains a single point of failure that sophisticated investors should factor into their positioning.
Cumulative volume crossing $10 billion, monthly records being broken in consecutive months, and wallet counts expanding all point in one direction. Tokenized equities are transitioning from a niche crypto experiment to a genuine alternative market structure, and Solana is the venue where that transition is playing out in real time.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Solana has found stability in the 55 to 70 dollar support zone following its recent pullback, with current price action matching the levels where previous rebounds have started. According to analysts, this corridor is crucial; a return above 100 dollars could set the stage for a broader market recovery for SOL.
A key threshold in the multi-year formationOn weekly charts, Solana has been trading near the lower boundary of a broadening formation that has developed since early 2024. With trading focused around 68 dollars, market watchers say defending this region will be decisive. Historically, tests of this support have been followed by upward momentum.
Mini glossary: A broadening formation is a technical pattern where prices make higher highs and lower lows over time. Volatility tends to increase in these structures, with the upper and lower lines acting as key reference points for trend shifts and potential breakouts.
According to analysis by CryptoCurb, preserving the 55 to 70 dollar range could pave the way for a move first towards 100 dollars, followed by a potential revisit of the 200 to 300 dollar area.
Yet, for any robust long-term bullish scenario to materialize, SOL must escape above the pattern’s upper trendline. Analysts estimate this ceiling could form around 400 dollars if the formation continues to evolve. They emphasize that a confirmed breakout from this structure might target levels above 1,000 dollars in the long run, though they currently consider such projections speculative.
LevelSignificance55 to 70 dollarsMain support zone100 dollarsPrimary recovery threshold200 to 300 dollarsPotential medium-term target area400 dollarsResistance near upper trendlineAbove 1,000 dollarsLong-term speculative targetIf SOL slips below the 55 dollar threshold and remains there, the bullish outlook may deteriorate sharply, raising the risk of further losses.
Eyeing the 240 dollar target on daily chartsOn the daily timeframe, the 60 to 70 dollar band stands out as a vital region. Analyst Aman notes this area marked a decisive breakout during the previous market cycle. Recently, while SOL briefly dipped below the short-term congestion zone, it has managed to hover above the broader support corridor.
The analysis suggests reclaiming the 90 to 100 dollar zone could reinforce the recovery outlook, with attention then turning to the 120 to 150 dollar range and a potential run up to the 220–240 dollar area.
The latest double bottom in the relative strength index points towards a weakening in selling pressure. The current RSI has recovered to around 41. However, experts caution that this shift is not a guaranteed sign of a definitive trend reversal on its own.
A sustained move below the 50 to 60 dollar range in the short term could undermine expectations of a solid base forming for SOL. As a result, the marketplace is mainly focused on whether the major support zone will hold—and, crucially, if SOL can reclaim the 100 dollar milestone soon after.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
The Solana network has further expanded its dominance in the tokenized stock market, capturing a remarkable 97% market share. In May, the spot market trading volume for tokenized equities issued by major players soared to $869 million, while weekly trading volume climbed to a record $1.29 billion. These figures underscore the sustained interest in trading traditional financial assets on blockchain platforms.
Solana cements its lead in tokenized stocksSolana has solidified its position as the clear leader in the emerging market for tokenized stocks, where it now controls approximately 97% of total activity. June data confirm the continuation of this strong demand: as of June 16, tokenized stock volumes reached $188 million, rising further to $213 million by June 19.
Growth driven by SpaceX token and new platformsA significant share of this trading activity was attributed to the SPCX token, which is linked to SpaceX. Platforms such as Backpack, Ondo Finance, xStocksFi, and PreStocks have also played a key role, offering diverse avenues for users to access tokenized shares.
Solana claimed about 97% of the tokenized equity market, with May spot trading volume reaching $869 million and weekly activity hitting $1.29 billion.
These developments highlight the growing use of blockchain technology as a gateway to traditional financial assets. They also signal increased interest in integrating such assets with decentralized finance (DeFi) applications.
According to market data: May spot volume stood at $869 million; weekly trading was reported at $1.29 billion; volume on June 16 was $188 million; June 19 saw it rise to $213 million. Meanwhile, Solana’s market share remained close to 97%.
Technical outlook for SOL price under scrutinyAlongside the surge in tokenized equity activity, investors are closely tracking the technical outlook for SOL, Solana’s native token. An analysis shared by BATMAN notes that SOL is currently trading within a prominent symmetrical triangle formation on the four-hour chart—a pattern often preceding sharp price movements.
SOL began June trading in the $85–86 range but retreated sharply to around $61. Since then, the price has shown higher lows, while sellers have set lower highs. The 200 exponential moving average (EMA) between $73 and $74 has emerged as a key resistance zone in this setup.
Glossary: Multiparty computation allows multiple parties to process information together without exposing data at a single point, maintaining privacy. A symmetrical triangle is a technical formation that shows the price tightening in a narrowing band, often leading to a breakout in either direction.
Repeated unsuccessful attempts to break higher have limited bullish momentum for SOL. However, if buyers can push the price above the triangle’s resistance line and the 200 EMA, a new uptrend could emerge.
The analysis highlights the $73–74 range around the 200 EMA as the main resistance, with the $68–69 zone serving as a key short-term support.
On the downside, the $68–69 zone is identified as crucial support; buyers have repeatedly defended this level during recent pullbacks. A drop below it could weaken the overall technical outlook for SOL.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Solana Policy Institute President Kristin Smith says negotiations are ongoing on a daily basis between lawmakers. The U.S. Senate, White House, and crypto industry representatives behind the Digital Asset Market Clarity (CLARITY) Act are having daily meetings. Still, the crypto bill is facing a delay as the Senate was adjourned till July 13.
CLARITY Act Negotiations Continue On Daily Basis Amid a surge in concerns about the bill’s progress, Smith tried to quell some of those fears in a thread on X. “Legislation is never guaranteed, but I strongly believe there is a path to get the Clarity Act to the President’s desk,” she wrote. There are a number of reasons she is optimistic, she added.
Smith said discussions are “actively ongoing between Senate Democrats, Senate Republicans, the White House, the crypto industry, and other stakeholders.” She described the negotiations as “serious, substantive work” that is “happening every day.”
11/ A little perspective: this industry has been through harder fights before – self-hosted wallet midnight rulemaking, debanking, the Gensler era – and kept going.
Hard battles are not new for us.
When crypto decides to engage, it has the staying power to win.
— Kristin Smith (@KristinSmith) June 25, 2026
She also noted that “there are daily in-person meetings between key negotiators at the member level,” Smith even said it would be a pointless exercise “if no one thought this could go anywhere.” The CLARITY Act has been receiving a great deal of interest in Congress with a hectic legislative schedule, according to Smith.
Smith spotlighted that several senators were making efforts to see the bill moving forward, noting this was a bipartisan effort. These include Sen. Cynthia Lummis, Sen. Ruben Gallego, Sen. Kirsten Gillibrand, Sen. Angela Alsobrooks and Sen. Bernie Moreno.
“We have strong champions on both sides of the aisle who want to get to yes and get this done,” Smith wrote. She further stated that “bipartisan engagement is critical to turning policy into law. And Clarity has it.”
What’s Next For The Crypto Market Structure Bill? Smith also contended that there is more industry advocacy for the CLARITY Act than ever before. “We have a pro-crypto army on the ground, in meetings, working together, and at the negotiating table,” she said. Additionally, the crypto industry’s structure and Washington’s understanding of digital assets have evolved, the Solana Policy Institute President said.
Smith noted that there is a critical window for legislation from July 13 to Aug. 7. She said, “We have 4 critical weeks from July 13 to August 7 to get this through the Senate. That is enough time to put Clarity on the agenda – and move it forward.”
9/ Despite what people say, there is still time.
We have 4 critical weeks from July 13 to August 7 to get this through the Senate. That is enough time to put Clarity on the agenda – and move it forward.
— Kristin Smith (@KristinSmith) June 25, 2026
She admitted that there have been some obstacles in CLARITY Act negotiations. These include as disagreements on stablecoin yield-related provisions and ethics clause among others. However, she said that leaders have always found “creative ways to keep moving and get closer to yes.”
Thousands of hours have already been spent by lawmakers, administration officials and industry participants on the CLARITY Act, Smith added. In addition, she even pointed out that negotiators are hoping to make progress on the bill before Congress goes into recess in August.
The combined market capitalization of the US stock market's "Magnificent Seven" evaporated over $3 trillion in June.
According to Bitget market data, the combined market capitalization of the U.S. "Magnificent Seven" tech giants has shrunk by over $3 trillion since June, on track to set the largest monthly market cap drawdown in history. All seven companies—Microsoft (MSFT), Nvidia (NVDA), Google parent Alphabet (GOOGL), Tesla (TSLA), Amazon (AMZN), Meta (META), and Apple (AAPL)—closed lower across the board on Thursday.
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Since MicroStrategy first started selling its bitcoin holdings, MSTR has nearly halved, generating an unrealized profit of $1.32 million for a whale that shorted at the peak.
According to Hyperinsight monitoring, MicroStrategy (MSTR), the Bitcoin treasury proxy stock, remains under persistent pressure. Since the company’s first Bitcoin reduction in years (it sold 32 BTC at the end of May to cover preferred stock dividends), MSTR has fallen 48% cumulatively, dropping another 13.8% in the past 24 hours. It is currently trading at $82 on Hyperliquid, hitting a two-year low and leading declines in the HIP-3 market. The unrealized loss on the company’s Bitcoin holdings exceeds $13 billion. Across on-chain addresses, total short positions stand at ~$5.55 million, long positions at ~$5.86 million, with a short-to-long nominal ratio of ~0.95. In terms of entry costs, the average long position is ~$97.24, while the average short position is ~$103.31. The current price of $84 has fallen below the long average, pushing most longs into losses. The nearest long liquidation line is at $76.25, roughly 9.3% below the current price. One high-level short position opened at $130.65 with 10x leverage, holding $2.4 million in positions and boasting an unrealized profit of $1.32 million. Three new short positions have entered amid today’s sell-off. Address: 0x3dc908374e11623d8eb9f07dfc7a2e5e803a54b0 – HyperInsight Bot is now live. Add @HyperInsightBot to your TG group and set it as an admin (enable message-sending permissions) to automatically sync on-chain updates.
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South Korean stocks plummeted 8%, SK Hynix fell 9%.
According to Bitget market data, South Korea’s KOSPI index has continued to slump, with its decline expanding to 8%. SK Hynix fell more than 9%, and Samsung Electronics dropped nearly 9%.
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European and U.S. stock index futures extend their declines.
According to Bitget’s market data, US and European stock index futures continue to slump: Nasdaq 100 futures extended losses to 1.6%, S&P 500 futures fell 0.7%, Dow futures dropped 0.18%, Euro Stoxx 50 futures declined 0.9%, Germany’s DAX futures fell 1%, and UK FTSE futures dropped 0.8%.
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The broader crypto market saw widespread declines, with BlackBerry bucking the trend to rally alone, as one trader notched a 70% return.
According to Hyperinsight’s monitoring, against the backdrop of high PCE inflation and broad tech stock sell-offs, BlackBerry (BB)’s Q1 revenue rose 26% year-over-year, beating guidance and raising its full-year outlook, standing out amid the downturn. On the Hyperliquid platform, BB’s 24-hour contract price surged 12.6% to $10.28. On-chain whales are overall bearish: total nominal short positions stand at ~$9.6 million, 2.17 times the long positions ($4.42 million), indicating a large net-short stance. However, the average entry price for short positions is ~$9.25, which has now been surpassed by the current price of $10.28, leaving shorts collectively in short squeeze unrealized losses. In contrast, the average entry price for longs is ~$9.05, resulting in overall unrealized profits. Looking at liquidation line distributions: the nearest short liquidation line is at $13.2, ~28.4% above the current price; the nearest long liquidation line is at $6.72, ~34.7% below the current price. Notably, the address with the largest profit holds a 5x leveraged long position worth $1.33 million, with an average entry price of $8.8, currently boasting a 70% return. Address: 0xfc079a49e371976f559bea0cd1c1f87a5f5b9464
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Wall Street consensus has converged: S&P 500’s year-end target of 8,000 has emerged as a new psychological anchor, with bulls and conservative forecasters lifting their outlooks in lockstep.
Wall Street’s differing views on year-end U.S. stock market levels are narrowing, with 8,000 points for the S&P 500 emerging as a new psychological anchor. Fundstrat raised its year-end target for the index from 7,700 to 8,000; Goldman Sachs, Morgan Stanley, Deutsche Bank, and Societe Generale have also set targets near this level. Goldman Sachs previously lifted its 2026 S&P 500 target from 7,600 to 8,000, citing that earnings growth and AI investments continue to underpin the index, rather than relying solely on valuation expansion. Even the more conservative cohort is boosting targets: JPMorgan Chase raised its target from 7,600 to 7,800, while Barclays and Stifel also adjusted their year-end targets to 7,800. Barclays lifted its 2026 S&P 500 earnings per share forecast from $321 to $337, and set a 2027 target of 8,800 points. The shared rationale behind these moves includes upward revisions to corporate earnings, AI capital expenditure, improved visibility into tech sector profits, and easing geopolitical risks. However, this consensus does not equate to zero risk. JPMorgan Chase warned that momentum stocks, semiconductors, storage stocks, and second-tier AI concepts have become overcrowded in trading, and low-quality and speculative growth stocks may see sharp declines. It favors a barbell allocation strategy of "quality growth + low-volatility quality".
PANews June 26 news, according to SolanaFloor, the Solana Foundation stated that after cloud server provider Cherry Servers disclosed a security incident in its legacy monitoring system, validators hosted on that server should check their Sensu logs. Potentially affected validators are advised to rotate their identity keys, review exposed credentials, and rebuild the host if compromise cannot be ruled out.
PANews, June 26 – According to SolanaFloor, the Kazakhstan Stock Exchange (KASE), one of the largest stock exchanges in Central Asia, has listed Volatility Shares' Solana ETF (SOLZ). Earlier this year, KASE launched Kazakhstan's first licensed digital asset platform, which is built on the Solana network.
PANews June 26 news, according to SoSoValue data, yesterday (Eastern Time June 25) the total daily net outflow of SOL spot ETF was $3.9374 million.
Yesterday, only the Bitwise Solana Staking ETF (BSOL) saw net outflows, with a single-day net outflow of $3.9374 million. Its historical total net inflow now stands at $888 million.
As of press time, the total net asset value of SOL spot ETF is $756 million, the SOL net asset ratio is 1.96%, and the historical cumulative net inflow has reached $1.128 billion.
Solana Mobile’s dApp Store added 96 new applications in the span of a single week, pushing total listings to 1,561. The store had roughly 700 apps back in March 2026, climbed past 817 in April, crossed the 1,000 threshold in early June, and now sits at 1,561. That’s more than doubling its catalog in about three months.
Why developers keep showing up The Solana dApp Store charges developers a 0% platform fee. Zero. Not 15%, not 30%, not some convoluted tier system. Nothing. Compare that to Google’s 15-30% cut or Apple’s famously contentious 30% commission.
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The store operates as an Android distribution platform, meaning it runs alongside Google Play on Solana’s Seeker smartphone rather than replacing it entirely.
Solana Mobile has also introduced a feature called dApp Spotlight, a curated carousel surfacing quality applications for users. The platform has also introduced AI-driven tools for ratings and reviews.
The hardware equation Solana Mobile’s Seeker smartphone has now shipped more than 150,000 units. The Seeker includes hardware-level security features like the Seed Vault Wallet, which handles private key management and asset storage directly on the device.
The SKR token and ecosystem economics Solana Mobile launched the SKR token in January 2026 with a total supply of 10 billion tokens. The token serves multiple functions within the ecosystem, including governance, staking, and user incentives.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
PANews, June 26 news, according to Cryptobriefing, Nasdaq-listed Solmate (formerly Brera Holdings) has seen its stock price plunge over 98% since completing a $300 million financing and transforming into a Solana treasury company. The company has received investments from institutions including ARK Invest, Pulsar Group, RockawayX, and the Solana Foundation, and currently holds about 2 million SOL, but SOL has declined by roughly 50% over the past year, leaving the company’s financial condition highly dependent on SOL’s price and liquidity.
Earlier on June 23, news reported that Solmate’s largest shareholder sued the board, alleging disclosure violations and self-dealing.
Japan and Sweden played to a 1-1 draw in their Group F match at the 2026 FIFA World Cup on June 26, with both teams punching their tickets to the Round of 16. Daizen Maeda opened the scoring for Japan before Anthony Elanga equalized for Sweden.
Chiliz, the blockchain platform underpinning the fan token ecosystem, saw its native token CHZ spike 28% during the tournament’s initial matchdays. That surge happened despite the fact that neither Japan nor Sweden actually has a fan token program or any direct partnership with crypto platforms.
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The fan token paradox Fan tokens are digital assets that give holders access to voting rights on minor club decisions, exclusive content, and other engagement perks. They’re available for various clubs and some national teams on platforms like Socios.com. Chiliz powers the Socios.com platform where most fan tokens trade. When global football viewership spikes, trading activity on the platform tends to follow, and CHZ benefits as the infrastructure layer beneath it all.
Neither Japan’s football association nor the Swedish Football Association has launched a token or partnered with any crypto exchange. The price movement in CHZ is driven entirely by ambient enthusiasm and increased platform traffic during the tournament.
FIFA’s crypto playbook FIFA has been actively courting the digital asset industry, including a partnership with Kraken, the US-based crypto exchange. This is a notable shift from the 2022 World Cup in Qatar, where crypto sponsorships were already present but the industry was reeling from the FTX collapse and a brutal bear market. The 2026 tournament arrives in a very different environment, with Bitcoin having recovered dramatically and institutional adoption accelerating through spot ETFs.
What this means for investors Fan token prices historically correlate with tournament schedules. They spike during major competitions and deflate afterward. The 2022 World Cup saw a similar pattern with fan tokens rallying into the event and then fading once the final whistle blew.
For those watching CHZ specifically, the key metric isn’t the token price itself but trading volume on Socios.com. Volume tends to be a leading indicator. If platform activity stays elevated as the knockout rounds begin, CHZ could maintain its momentum. If volume drops as casual fans lose interest, the token will likely follow.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Cover image via depositphotos.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
With sellers retaining control following the breakdown below the long-standing support zone around $1.30, XRP is still trading in a strongly bearish structure. The daily chart demonstrates a distinct series of lower highs and lower lows, indicating that the overall downward trend is still present.
Following a brief attempt at recovery in mid-June, XRP resumed its decline after failing to regain the 50-day moving average. Currently, the asset is close to the psychologically significant $1.00 level. Although the significance of this area may draw buyers, there is currently little indication of sustained accumulation. During selloffs, volume stays high, indicating that investors are still reducing their exposure rather than actively buying the dip.
XRP/USDT Chart by TradingViewThere is a greater chance of a brief relief bounce because the RSI is close to oversold territory. However, during significant downtrends, oversold conditions alone seldom indicate a lasting bottom. XRP would need to regain the $1.15-$1.20 range and establish support above the short-term moving averages in order for bulls to pick up steam.
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Until then, any recovery should not be seen as the beginning of a new bullish phase but rather as a countertrend rally. Despite increasingly stretched momentum indicators, downside risks remain high in the current structure, which warrants caution.
Shiba Inu sellers dominateShiba Inu is displaying an even more subpar technical picture. The most recent attempt at recovery was invalidated when the meme coin recently broke below a short-term ascending support line that had developed following the June selloff. The breakdown occurred while SHIB continued to trade below all significant moving averages, further solidifying the sellers' dominance.
The market is struggling to generate significant buying pressure, and prices are currently trading close to annual lows. The intensity of recent selling activity is reflected in the RSI, which has fallen near oversold territory. Although these readings have historically preceded rebounds, the overall trend remains overwhelmingly negative. The persistent inability of SHIB to sustain breakout attempts is noteworthy.
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Every recovery rally over the last few months has stalled below critical resistance levels before rolling over into a lower leg. This pattern implies that investors are still taking advantage of strength to close positions.
SHIB would need to rebound above the adjacent moving-average cluster and reclaim the former support zone around $0.0000049–$0.0000050 in order for a significant reversal to occur. Until then, despite increasingly oversold conditions, the path of least resistance continues to be downward, giving bears a definite advantage.
Bitcoin strugglesAfter failing to maintain its recovery attempt above the $80,000 area, Bitcoin remains under significant pressure. Lower highs and lower lows continue to dominate price action on the daily chart, which displays a classic bearish structure.
BTC began to decline again after being rejected near the 200-day moving average, and it has since returned to the crucial $58,000-$60,000 support range. The fact that Bitcoin is approaching a level where buyers previously intervened forcefully during the June crash makes the current setup especially important.
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A relief rally could be sparked by a successful defense of this range, particularly since the RSI has moved dangerously close to oversold territory. Historically, when selling momentum wanes, these conditions frequently result in brief recoveries.
The overall trend, however, remains unfavorable. Bitcoin is trading below every significant moving average, including the 50-, 100-, and 200-day indicators. Long-term momentum is still bearish, as evidenced by the moving averages' continued downward slope. During recent downturns, volume has also increased, suggesting that sellers are still active.
Bitcoin would need to retake the $65,000 area and eventually break above the moving-average cluster around $70,000 in order for bulls to regain control. Until then, any increase is likely to be viewed more as a corrective bounce than a confirmed reversal of the trend.
The upcoming trading sessions will be critical. The market may experience another round of liquidation pressure if support around $58,000 fails. However, a strong reaction from current levels could be the first significant indication that a bottom is beginning to form.
Dogecoin's temporary underperformanceDogecoin is still underperforming as bearish momentum in the meme coin sector picks up speed. DOGE is currently trading close to $0.073, one of its lowest levels of the year, after losing significant support levels earlier this month. The multi-month support structure that had been developing since February is clearly broken down on the chart.
DOGE/USDT Chart by TradingViewSellers swiftly seized control after that trendline broke, driving the asset below all significant moving averages. There is a significant resistance cluster overhead because the 50-day, 100-day, and 200-day averages are all above the current price and are still trending lower. The RSI's decline near oversold levels suggests that selling pressure may be becoming stretched in the near term.
However, during DOGE's broader decline, oversold readings have frequently failed to produce lasting reversals. Over the past few months, every bounce has eventually led to a new low. The $0.07 region remains the key level to watch. A breakdown below this support could trigger another leg lower and additional panic selling. On the other hand, if buyers are able to hold current levels, DOGE may experience a brief rebound toward the $0.085-$0.09 area.
For the time being, however, the trend remains clearly negative. Investors have little technical evidence that a long-term recovery is underway until Dogecoin reclaims its moving averages and begins to produce higher highs.
PANews, June 26 – Dawn Song, former founder of Oasis Labs and co-founder of Virtue AI, announced in a post on X that she will join Meta’s Meta Super Intelligence Lab (MSL) as Vice President of AI Research. Multiple members of the Virtue AI team will also join, responsible for advancing the security and safety of frontier AI models and agent AI systems.
Dawn Song co-founded the AI security startup Virtue AI in 2024. Additionally, according to Axios, Virtue AI co-founders Bo Li and Sanmi Koyejo will also join the Meta Super Intelligence Lab.
Prediction markets are becoming one of the fastest-growing segments in crypto. As traders search for alternatives to traditional token speculation, platforms that allow users to forecast real-world outcomes are attracting new users, liquidity, and institutional interest.
The sector is benefiting from several powerful trends. Artificial intelligence is improving forecasting models, decentralized finance is expanding participation, and users are increasingly looking for ecosystems that generate activity beyond simple token trading.
For investors searching for the top prediction market crypto coins to buy in June 2026, four projects stand out: Rain (RAIN), Gnosis (GNO), Limitless (LMTS), and MemeToro ($MT).
Each approaches prediction markets differently, creating a diverse set of opportunities within the growing sector.
Rain (RAIN) Continues Leading the Prediction Market Sector Rain has emerged as one of the strongest-performing prediction market crypto projects this year.
While much of the altcoin market struggled with volatility, Rain gained nearly 9% over the past week and continued attracting users to its forecasting infrastructure. The project’s total value locked has expanded beyond $142 million, highlighting growing confidence in the platform.
One factor driving adoption is the increasing role of AI-powered forecasting systems.
Automated agents are using Rain’s infrastructure to create and participate in prediction markets, helping increase transaction activity and liquidity. At the same time, the protocol has permanently removed more than 143 million RAIN tokens from circulation, strengthening its tokenomics.
Current projection models continue targeting the $0.02 area over the coming months, making Rain one of the most closely watched prediction market crypto projects today.
Gnosis (GNO) Remains a Veteran Prediction Market Name Few projects have stronger roots in prediction markets than Gnosis.
The platform helped pioneer decentralized forecasting long before prediction markets became a major crypto narrative. Today, Gnosis remains an important infrastructure layer within the sector.
Recent market conditions have not been easy.
Like many altcoins, GNO has faced pressure from broader liquidations across crypto markets. However, the project continues defending a critical long-term support zone while remaining above its 200-day moving average.
This has encouraged many investors to view the current environment as an accumulation phase rather than a breakdown.
For those seeking exposure to a more established prediction market ecosystem, Gnosis remains one of the most recognizable names in the category.
Limitless (LMTS) Offers Early-Stage Prediction Market Exposure Limitless takes a different approach.
Unlike Rain and Gnosis, the project remains much earlier in its development cycle. As a micro-cap asset, Limitless has experienced tighter liquidity conditions during recent market uncertainty.
That reality creates both risks and opportunities.
The project is currently navigating a period of price discovery while investors wait for upcoming protocol milestones that could influence adoption and transaction activity. Because of its smaller size, Limitless has greater sensitivity to market sentiment than larger competitors.
Many traders continue monitoring the platform closely because successful execution could significantly increase visibility within the prediction market sector.
However, it remains a higher-risk opportunity compared with more established alternatives.
How MemeToro Brings Prediction Markets Into SocialFi MemeToro approaches prediction markets from an entirely different angle.
Instead of operating solely as a forecasting platform, the project integrates prediction markets into a larger AI-powered SocialFi ecosystem. This creates multiple participation layers that extend beyond forecasting alone.
Users can enter decentralized prediction markets using both $MT and BNB while forecasting outcomes across crypto, sports, entertainment, and global events. These markets sit alongside several other ecosystem products designed to encourage ongoing engagement.
This broader ecosystem model differentiates MemeToro from traditional prediction market protocols.
Breaking Down the MemeToro Utility Stack Prediction markets represent only one component of the MemeToro platform.
The ecosystem also includes an AI-powered memecoin creation engine that allows users to launch assets through an automated no-code system. Artificial intelligence continuously monitors social trends, cultural developments, and market narratives to identify emerging opportunities.
The platform further supports participation through staking rewards of up to 35% APR and integrated market intelligence tools.
Stage 2 of the MemeToro presale has already surpassed 92% completion, raising more than $72,955 toward its current target. Once the stage concludes, the token price will increase from $0.00139 to $0.00154.
To support structural stability, marketing and partner tokens undergo a 24-month vesting schedule. Presale purchases are completely exempt from vesting and are entirely distributable on the launch date. Verified holders can participate in the network’s staking mechanism, which currently offers up to 35% APR in programmatic rewards.
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Website: https://memetoro.com/
X: https://x.com/memetoro_mt
Telegram: https://t.me/memetoro_mt
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While many altcoins continue struggling with weak sentiment and declining liquidity, prediction-focused platforms are benefiting from growing demand for forecasting tools, decentralized information markets, and AI-assisted decision-making systems.
Investors increasingly view prediction protocols as more than simple betting platforms. These ecosystems create recurring engagement, attract active users, and often generate sustained on-chain activity regardless of broader market conditions.
Among the projects attracting the most attention before July 2026 are Rain (RAIN), MemeToro ($MT), and Gnosis (GNO). Each offers a different approach to prediction markets, making them some of the most closely watched prediction tokens in the current market environment.
Rain Continues Delivering Strong On-Chain Growth Rain has emerged as one of the standout performers in the prediction market sector.
Unlike many cryptocurrencies that remain heavily tied to broader market sentiment, Rain has shown signs of decoupling from wider crypto weakness. The token recently climbed 8.7% to approximately $0.0161 while maintaining steady user growth across its ecosystem.
The platform’s fundamentals help explain that performance.
Rain’s total value locked has expanded to more than $142 million, reflecting rising participation and growing confidence in its infrastructure. At the same time, more than 143 million RAIN tokens have been permanently removed from circulation through token burns.
Another important factor is artificial intelligence.
The protocol is increasingly being used by AI-powered forecasting systems that require reliable prediction infrastructure. This trend has helped drive transaction activity and contributed to Rain’s growing market relevance.
Many analysts continue targeting the $0.02 region over the coming months if current growth metrics remain intact.
Gnosis Focuses on Stability During Market Volatility Gnosis represents a very different type of prediction market investment.
Unlike newer platforms chasing rapid expansion, Gnosis has spent years establishing itself as one of the foundational names in decentralized forecasting. The project remains closely associated with prediction markets despite evolving into a broader infrastructure ecosystem.
Recent market conditions have tested many long-term projects.
The broader altcoin selloff and the fallout from the MemeCore collapse created pressure across multiple sectors. However, Gnosis has largely focused on maintaining stability rather than pursuing aggressive growth initiatives.
Technical indicators show the asset continuing to defend important long-term support levels and multi-month moving average zones.
For investors prioritizing maturity and resilience over rapid expansion, Gnosis remains one of the most established prediction-focused assets in crypto.
MemeToro Combines Prediction Markets With AI and SocialFi MemeToro enters the prediction market category from a different direction.
Rather than functioning as a dedicated prediction protocol, the platform integrates prediction markets into a much larger AI-powered SocialFi ecosystem. This creates multiple forms of engagement while maintaining prediction markets as a core utility layer.
The project operates on BNB Chain and centers around behavioral finance, community participation, and artificial intelligence. Users can participate in prediction markets using both $MT and BNB while forecasting outcomes across cryptocurrency, sports, entertainment, and major global events.
This broader ecosystem model allows the platform to attract users interested in more than forecasting alone.
As a result, prediction markets become part of a wider participation framework.
Inside the MemeToro Ecosystem Prediction markets are only one component of the MemeToro platform.
The ecosystem also includes an AI-powered memecoin creation engine that enables users to launch tokens through a no-code deployment process. Artificial intelligence continuously analyzes social conversations, cultural trends, and market narratives to identify emerging opportunities.
Participants can also access staking opportunities offering rewards of up to 35% APR. Combined with integrated trend-monitoring tools and SocialFi mechanics, these features create multiple reasons for users to remain active inside the ecosystem.
The native $MT token powers every major function across the platform. This integrated structure has helped differentiate MemeToro from standalone prediction market projects.
MemeToro Project Update: Stage 2 Presale Nears Completion The MemeToro Stage 2 presale has reached 92.82% of its target, having raised $72,955.51 of the allocation’s $78,590.46 goal. Upon completion of this round, the $MT token price will transition from the current rate of $0.00139 to the Stage 3 rate of $0.00154.
Operating on the BNB Chain, the MemeToro platform integrates four core functionalities under a single ecosystem:
An AI agent that creates memecoins based on live trending data. Prediction markets for wagering on real-world events. An online casino that utilizes $MT tokens natively. A staking system offering up to 35% APR. The $MT token has a fixed total supply of 1.2 billion, with 71% assigned to the presale with no vesting restrictions. The platform currently accepts payments via credit/debit card, ETH, BNB, USDT, and USDC at memetoro.com.
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X: https://x.com/memetoro_mt
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Nicolas Pépé earned the Michelob Ultra Superior Player of the Match award after powering Ivory Coast to a 2-0 victory over Curaçao at the 2026 FIFA World Cup on June 25. The Villarreal forward’s performance secured his nation’s spot in the knockout stages.
What happened on the pitch Pépé, the Ivorian forward who plays his club football at Villarreal in La Liga, scored at least one goal in the 2-0 win against Curaçao, earning him the match’s top individual honor, an award branded by Michelob Ultra as the tournament’s official beer sponsor.
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He was instrumental in Ivory Coast’s 2023 Africa Cup of Nations triumph. Germany’s Deniz Undav is among the other players who have received the same Michelob Ultra award during this tournament.
The sponsorship landscape crypto lost Michelob Ultra’s presence as a World Cup title sponsor is traditional brand marketing at its most straightforward. There are no NFT tie-ins, no fan tokens bundled with the award, no blockchain-based voting mechanism for selecting the best player.
The absence of crypto from marquee World Cup sponsorship slots punctures a narrative that was popular during the last cycle: the idea that crypto brands would inevitably displace traditional advertisers at the world’s biggest events. FTX had its name on an NBA arena. Crypto.com bought naming rights to the Staples Center. Coinbase ran a Super Bowl ad during the 2021-2022 bull market period.
No crypto tokens or digital assets are associated with Nicolas Pépé or Michelob Ultra in this context. No tokens were minted. No smart contracts were executed. It was a footballer playing well and a beer brand getting its money’s worth.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Most people have never touched a smart contract. The interfaces are confusing, the stakes are high if you get something wrong, and the mental overhead of managing crypto wallets while trying to actually do something productive is, generously speaking, a lot. Karl Floersch thinks AI agents are the answer to that problem.
Floersch, co-founder of Optimism and one of the more influential architects of Ethereum’s Layer-2 ecosystem, laid out a vision in a recent Cointelegraph video where autonomous AI systems handle the heavy lifting of Web3 interaction. Trading, smart contract deployment, economic coordination across Ethereum’s network, all of it managed by agents operating on behalf of users who would rather not learn Solidity to participate in the decentralized economy.
What Floersch is actually arguing Floersch’s argument goes further than just user experience. He positions AI agents as potentially the first class of participants to fully utilize the cryptoeconomic mechanisms that smart contract platforms were designed for. Coordination tools, reputation systems, incentive structures built into protocols, these were always theoretically powerful. The problem was that humans are slow, error-prone, and disinclined to manage the constant micro-decisions those systems require. Agents are not.
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Floersch has previously discussed reputation systems designed specifically for AI agents operating within blockchain environments, suggesting this is less of a passing observation and more of an ongoing research focus.
Optimism’s positioning in the agentic future Optimism runs on the OP Stack, a modular framework that powers a growing number of enterprise and developer-focused blockchain deployments. The launch of OP Enterprise in 2026 extended that infrastructure toward institutional use cases.
If AI agents become meaningful participants in on-chain activity, Layer-2 networks like Optimism stand to benefit in a fairly direct way. More agent-driven transactions mean more throughput demand. More autonomous economic coordination means more use of the smart contract infrastructure those networks provide. Floersch’s thesis, intentionally or not, maps fairly cleanly onto a world where Optimism’s core product becomes more valuable.
What this means for the market and investors There is also a governance angle. Optimism uses tokenized governance models, and if AI agents become meaningful stakeholders in on-chain economic activity, the question of how those agents participate in governance, or whether they should, becomes a live issue rather than a theoretical one.
The risk, as with most convergence narratives, is that the timeline is longer and the path more complicated than the optimistic version suggests. Autonomous agents operating with real economic stakes introduce new failure modes, new vectors for exploitation, and new regulatory questions that have not been answered anywhere in the world yet. An agent that makes a mistake in a smart contract does not get to call customer support.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
OpenAI will reportedly stagger the GPT-5.6 release after the US government raised security concerns, limiting who can reach the model first.
Federal officials would gain a say over which customers receive early preview access, according to a new report.
What the GPT-5.6 Release Report SaysThe Information reported that the Trump administration asked OpenAI to phase the launch rather than open it widely at once. The outlet said federal reviewers would approve preview access one customer at a time during the early window.
Staggered launches already sit in OpenAI’s playbook. The company withheld the full GPT-2 model for roughly nine months in 2019 over misuse fears. Its GPT-5.5 model launch on April 23 reached paid tiers before free users.
More directly, OpenAI shipped a cyber-focused version of GPT-5.5 only to vetted defenders under a trusted-access program. The GPT-5.6 plan would extend that template to Washington itself.
A Federal Review Framework Takes ShapeThe reported request maps onto Executive Order 14409, which President Donald Trump signed on June 2. It asks developers to give the government up to 30 days of access to their most capable models before release.
Federal officials would also help choose which trusted partners get early access.
A classified benchmark led by the National Security Agency would decide which systems count as covered frontier models. The threshold turns on a model’s advanced cyber capabilities.
A separate Treasury-run clearinghouse would hunt and patch software flaws, extending the administration’s cyber defense doctrine.
The framework is voluntary and bars any licensing regime, part of a wider federal AI policy push. Officials cast it as a way to test frontier models for cyber risks. Some former advisers have criticized that case as overblown.
OpenAI has not officially confirmed GPT-5.6 or a firm launch date, and earlier timing has slipped toward July. How tightly Washington shapes early access could set a template for the next frontier releases from OpenAI and Anthropic.
PANews reported on June 26 that L2BEAT researcher @sergeyshemyakov posted on X platform, a suspicious DAO proposal appeared in Tornado Cash on June 25. The target contract of the proposal is unverified, which is highly unusual for Tornado Cash DAO proposals, indicating that the proposal should be considered malicious. The proposal creator's address received funds through Railgun 4 days ago. If the proposal passes and is executed, the governance contract will perform a delegatecall to the target contract. Sergey Shemyakov stated that the Tornado Cash fund pool itself is safe, but the proposal may directly attack the Tornado Cash DAO, which currently holds approximately $23 million worth of TORN tokens.
Oil prices erase all war-related premiums in 11 days, Brent crude falls below pre-war levels, but critical inventory shortages could spark a rebound.
International oil prices have quickly fallen back to pre-US-Iran conflict levels, erasing all gains made during the conflict in just 11 days – a move that has surprised markets widely. Brent Crude dipped as low as $72.06 on Thursday, breaking below the pre-conflict last trading day’s settlement price of $72.48, and has plunged more than 39% from its March peak of $118.35. WTI Crude closed at $71.92, down roughly 36% from its high. This round of decline has far outpaced expectations. The industry had widely estimated that mine clearance in the strait would take time and Gulf production capacity would need months to recover, but actual progress has been much faster. JPMorgan analysts noted that the market rebalanced through a "distinctly different combination of demand loss and inventory drawdown", which is very different from initial assumptions. However, the rapid easing may not be stable. S&P Global data showed that 78 oil tankers transited the Strait of Hormuz on Wednesday, hitting a post-conflict high, but this is still only 57% of pre-conflict levels, with many of these vessels being those trapped earlier and departing in a concentrated manner. TD Securities’ head of commodity strategy warned that the market may have overestimated the pace of supply and inventory recovery, and inventory pressure has become a key variable. U.S. Cushing inventories fell to 19 million barrels last week, about 1 million barrels below the level needed to keep the system stable. TD Securities forecasts that an additional 600 million barrels of global inventory may be drawn down by October; once inventories fall below a critical threshold, oil prices could rebound quickly. For the outlook, Mizuho Securities analysts believe the market is already in an "oversold" state, and expect oil prices to rebound to the $80 range in the coming weeks. Full production recovery in countries like Iraq and Kuwait is not expected until this autumn, when the supply-demand pattern may change again.
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Ansem: Pessimism Hits Extreme Levels, Entering Bitcoin Now Is a Favorable Trading Opportunity
Crypto KOL Ansem has published a post reaffirming Bitcoin’s long-term investment thesis, stating that despite his previous bearish stance, the current price level presents a strong buying opportunity. He noted that Bitcoin’s core narrative as the “hardest currency” remains intact: it cannot be seized by governments, enables instant cross-border transfers, and is insulated from the long-term depreciation of the U.S. dollar, making it an ideal vehicle for long-term wealth storage. Between 2024 and 2025, gold outperforming Bitcoin temporarily dented the “digital gold” narrative, but he believes market confidence will rebound once price momentum picks up. On the macro front, Ansem argues that with the Strait of Hormuz reopening and inflation pressures set to ease, the Federal Reserve’s hawkish stance may have peaked, at which point the Fed and Washington policymakers will have room to cut rates rather than continue hiking. A strong U.S. dollar and rising interest rates have weighed on gold, but if capital from profit-taking in AI stocks flows into real estate, cash, and long-term value storage assets, both gold and Bitcoin will benefit. Institutional investors like Paul Tudor Jones still hold interest in Bitcoin. Earlier, Ansem admitted he was bearish on Bitcoin due to risks in the holdings of Saylor, founder of Strategy, and had previously thought $60,000 would be hard to defend, but he noted he is now reacting to buy-side entry signals. He pointed out that current price action is already pricing in the worst-case scenario of Saylor being forced to sell, and even if he does need to offload, it would not happen for at least six months. He concluded that Bitcoin is currently at the intersection of its long-term historical support levels and what he describes as the most pessimistic market sentiment he has ever seen, making entry in early Q3 a notable trading opportunity.
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Polymarket suffered a vulnerability attack from a third-party vendor, leading to the theft of approximately $3 million, and the platform has pledged full compensation.
Prediction market platform Polymarket disclosed on Thursday that a third-party vendor of its was hacked, with attackers injecting malicious code into the platform’s frontend to steal roughly $3 million in Polymarket’s proprietary stablecoin pUSD from fewer than 15 user accounts. The funds were later converted to ETH and aggregated into a single Ethereum wallet, and as of press time, the assets have not been moved. Polymarket noted that the frontend vulnerability has been identified and patched, with affected users to receive full compensation, though the platform declined to name the specific compromised vendor. This marks Polymarket’s second security incident in two months. Last month, hackers exploited a private key leak to breach an internal wallet used for user deposits and reward distributions, leading to approximately $700,000 in losses. Both incidents were peripheral breaches that did not impact the core protocol, but the consecutive security lapses underscore the potential risks stemming from the platform’s reliance on third-party vendors. Polymarket had recently faced controversy over a Wall Street Journal investigation that alleged it illegally marketed to U.S. users through simulated trades and fake profit videos; the latest security incident has added further pressure on the platform.
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Hashrate metals supply and demand face major shift, countdown to U.S. copper tariff decision.
Last July, the U.S. government unveiled a copper tariff plan. Previously, it imposed a 50% tariff on semi-finished copper products, while refined copper was temporarily exempted, but the plan aims to phase in additional tariffs on refined copper starting in 2027. Whether the plan will take effect will be decided by the end of June. The U.S. Department of Commerce is required to submit its investigation report on Section 232 tariffs before June 30, and will make a final decision based on the findings. As the deadline for the U.S. Section 232 tariff report approaches on June 30, the global market for metals linked to AI computing power will face a new round of volatility. International investment banks including Goldman Sachs analyze that if the U.S. implements the new copper tariff policy, U.S. buyers may launch large-scale stockpiling. Currently, U.S. COMEX copper inventories have exceeded 650,000 tons, hitting a record high. Meanwhile, in the international market, supply tensions for small metals closely tied to the AI computing power industry chain—such as tungsten, tin, tantalum, and indium—are likely to further intensify. (Jinshi)
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ARK Invest added to its holdings in Coinbase, Circle, Bullish, and Robinhood stocks amid market dips.
With crypto-related stocks declining broadly on Thursday, Cathie Wood’s investment firm ARK Invest once again added to its positions at discounted levels, boosting its holdings in stocks of Coinbase, Circle, Bullish, and Robinhood.
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Ansem: Solana has hit its bottom, bullish on SOL/ETH pair trading.
Crypto KOL Ansem has published a bullish view on the SOL/ETH trading pair. Earlier today, Ansem stated: "Solana has hit its bottom — I was the first to call it! Right now, everyone is extremely bearish on SOL, just like when it fell to $8 in 2023. I believe buying SOL at current prices with a holding period of over six months is a solid trade."
TLDR: MemeCore $M token dropped 75% in one day, falling from $2.92 to $0.51 with no hack or exploit. Arkham data showed zero transfers above $50,000 on its native chain for over two weeks prior. Over 90% of $M supply was held by insiders, letting a small float set the price for billions. Spot listings on Kraken and Bitget plus futures on Binance and Bybit extended the price distortion. The MemeCore $M token collapsed 75% in a single day, dropping from $2.92 to $0.51. The crash erased nearly $3 billion in value.
No hack, exploit, or announcement preceded the fall. On-chain data had been flashing warning signs for weeks, and blockchain investigator ZachXBT had flagged concerns as early as April.
A $14 Billion Valuation Built on $100,000 in Liquidity The MemeCore $M token carried a fully diluted valuation of roughly $14 billion at its peak. Against that figure, Dexscreener recorded under $100,000 in real on-chain liquidity.
Arkham Intelligence showed zero transfers above $50,000 on its native chain for over two weeks. That gap between stated value and actual activity is what analysts call a ghost market cap.
A ghost market cap forms when insiders hold most of the token supply. ZachXBT reported that over 90% of $M supply was concentrated among insiders.
The tiny fraction available for trading set the price for the entire supply. A few parties trading at $3 marked billions in holdings at that same price.
The mechanism is straightforward. When illiquid tokens are priced off a tiny traded float, the market cap becomes theoretical.
Insiders could never sell their positions into a market that small without collapsing the price immediately. The valuation exists on paper but has no corresponding market depth to support it.
This structure is not unique to MemeCore. It is a recurring feature in tokens where teams retain the overwhelming majority of supply. The price remains stable only as long as no one tries to exit at scale. When that changes, the collapse is fast.
Exchange Listings Amplified the Gap Between Price and Reality MemeCore secured spot listings on Kraken and Bitget before the crash. It also gained perpetual futures markets on Binance and Bybit, where leverage trading was available.
These listings gave the $M token credibility it may not have earned through organic on-chain activity. Centralized order books then became the dominant price-discovery venue.
Once a token trades on major exchanges, the on-chain liquidity becomes secondary. The order book sets the price, and traders reference that figure without examining what sits underneath. That dynamic held until it did not, and the exchange price was eventually dragged toward its on-chain reality.
ZachXBT noted after the crash that the red flags had simply caught up with the token. The warning signs were present for months before the price broke. The question, as he framed it, was only a matter of timing, not outcome.
The MemeCore $M token collapse illustrates how supply concentration and thin liquidity combine to create fragile valuations.
Exchange listings extend the lifespan of such structures but do not resolve the underlying mismatch. When price finally meets on-chain reality, the correction tends to be severe and swift.
SUI Group Holdings Limited, the NASDAQ-listed capital provider, just tripled its lending commitment to Bluefin. An additional 4 million SUI loan announced on June 25 brings the total facility to 6 million SUI, up from the original 2 million SUI established in September 2025.
SUIG’s revenue share jumps from 5% to 11%, paid in SUI.
What the deal actually funds The additional lending isn’t just Bluefin padding its balance sheet. The capital is earmarked to support Bluewater Labs Inc. in acquiring assets related to Suilend from Concurrent C, Inc.
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Suilend is the largest lending and DeFi platform on the Sui blockchain. SUIG is bankrolling a move to consolidate significant DeFi infrastructure under a single umbrella.
The partnership agreement runs through September 2028, with options for extension by mutual consent.
SUIG’s position in the Sui ecosystem SUIG reportedly held over 100 million SUI in its treasury as of September 2025. Lending out 6 million SUI represents roughly 6% of the reported holdings.
The initial partnership with Bluefin dates back to September 2025, when the first 2 million SUI loan was structured. Nine months later, the facility has tripled.
SUIG underwent a rebranding from Mill City Ventures III, Ltd. in 2025 and is the only public company with an official relationship with the Sui Foundation.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
The problem with AI agents handling money has always been the same: give an agent access to a wallet and you’ve handed it the keys to the kingdom. Mysten Labs thinks it has a better way.
Sui Network has unveiled a prototype built on its Seal multi-party computation system that allows AI agents to participate in onchain markets and execute payments without ever receiving or controlling private keys. The Seal MPC system commenced its rollout on Sui’s testnet around June 19, 2026, building on a decentralized key server prototype that first went live on testnet in March of the same year.
What Seal MPC actually does Seal sidesteps the private key problem entirely. Instead of handing an agent a private key, the system routes transaction authorization through MPC committees, groups of independent nodes that collectively approve or deny a transaction without any single party ever assembling the complete key. The agent proposes, the committee decides, and no individual node can act unilaterally.
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Authorization isn’t arbitrary either. Sui’s on-chain Move smart contracts enforce human-readable spending policies automatically, covering things like daily caps, approval thresholds, and counterparty restrictions. An agent can’t simply decide to wire funds to an unknown address if the policy says otherwise. The contract enforces the rule before the transaction ever goes through.
Fair competition in onchain markets Beyond payments, Sui’s official announcement highlighted a second application: fair competition between AI agents in onchain markets.
Seal’s cryptographic architecture allows agents to submit bids that remain completely hidden until a synchronized reveal. No agent can observe a competitor’s strategy before committing to its own. The reveal happens simultaneously for all parties, enforced by the protocol rather than by any single trusted party.
Mysten Labs has been deliberate about the sequencing here. The decentralized key server prototype launched in March 2026, giving the ecosystem time to evaluate the infrastructure before the fuller MPC system arrived in June. Audits and validations are required before real funds flow through the system at scale.
What this means for Sui’s broader AI infrastructure play Seal doesn’t exist in isolation. Mysten Labs has been assembling what it describes as a programmable access layer for AI agents on Sui, with Seal sitting alongside tools like Walrus, Sui’s decentralized storage solution, and encrypted messaging capabilities.
SUI serves as the native gas token for the network, meaning any increase in transaction volume from AI agent activity translates directly into demand for the token.
The risks are real. MPC systems have their own attack surface, particularly around the coordination of committee nodes and the potential for collusion. The requirement for audits before live transaction handling reflects genuine technical stakes. A flaw in the authorization flow doesn’t just affect one wallet, it affects every agent and policy running on the same infrastructure.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
The most misleading phrase in crypto security may also be the most familiar one.
A smart contract can execute exactly as written and still become part of a theft. If you wonder how, have you considered that the code may never be the part that breaks?
We blame smart contracts (the code), but the real vulnerability is the humans running the project. Attackers aren’t finding brilliant math flaws; they are tricking a founder into clicking a bad link, stealing their computer’s access keys, and altering the app from the inside. Yet once funds move on-chain, these failures often get flattened into the same headline category. Yep, you guessed it right – A DeFi hack!
That is the diagnosis problem.
A smart-contract bug, a bridge-signature compromise, an oracle failure, a governance abuse path and a stolen private key do not describe the same wound. Once the failure is misnamed, the fix starts in the wrong place.
Ethereal Ventures recently framed this as a control-plane problem – The security of the systems around the protocol, not only the protocol logic itself. AMBCrypto takes that argument in a narrower direction. In fact, before the industry debates the fix, it needs to name the failure correctly.
Of course, the data makes the mislabeling harder to ignore. For example, Halborn found that in 2024, off-chain incidents made up 56.5% of attacks and 80.5% of stolen funds.
Source: Halborn’s 2025 review of the top 100 DeFi hacks Chainalysis also found that private-key compromises accounted for the largest share of stolen cryptos in 2024.
So, the uncomfortable question is simple: Is “better code” enough when the attacker’s best path is stealing the key that tells the code what to do?
If most losses are coming from off-chain weaknesses, why does the industry keep calling every major incident a DeFi hack?
A headline is not a diagnosis “DeFi hack” works as a headline because it is short. It fails as a diagnosis because it hides the thing that actually broke.
Ritesh Kakkad, Co-founder of XDC Network, put it bluntly when he said,
The term DeFi hack has done a lot of damage. Not because it’s wrong, but because every time something breaks we use it as a full stop instead of a starting point. Ronin, Nomad, both got filed under the same label but they were trust architecture failures, nothing to do with contract quality.
That distinction matters.
So, what actually broke? A stolen private key, a bridge-validator failure, a poisoned interface and broken protocol logic may all end with funds moving on-chain. But they begin in different places.
This brings us to where the knowledge of the application plane and control plane helps.
Source: AWS Documentation / Application vs Control Plane The application plane is what users touch and includes swaps, lending markets, vaults, transfers and bridge activity. The control plane is what gives the system authority to act: admin keys, signers, upgrade paths, bridge validators, oracles and governance permissions. Then, there is the human and operational layer around it: devices, GitHub access, CI/CD pipelines, cloud accounts, contractor permissions and incident response.
And yet, most public narratives collapse these layers into one word – Hack.
Imagine opening a DeFi app and approving what appears to be a routine transaction. The page looks familiar. The wallet prompt seems normal. The blockchain later records a valid approval. But what if the screen was altered before the signer ever saw it? What if the failure sat in the app interface, the access credentials, or the workflow around the signing process?
How does crypto security compare to traditional tech companies? Traditional enterprise systems usually separate these failures because each one triggers a different response. Crypto often loses that precision once the stolen funds land on a block explorer.
Operational layer Enterprise tech norm Common Web3 weakness Access control Limits who can log in, from which device, and with what approval. Admin duties are conducted on personal laptops, with core team members often coordinating multi-million dollar actions over standard Telegram or Discord chats. Control plane Layered approval systems and audit trails Multisig can still leave too much power with a small group of people and keys. CI/CD Separates testing, approval, and release, so bad updates are harder to push live. Compromised credentials can alter what users or signers see Failure mode changes from case to case The post-mortems (or evidence) tell a more complicated story than the headlines. Most crypto post-mortems begin too late. They ask, “How much was stolen?” before asking, “What actually failed?”
Look at Ronin, for instance, remembered as one of crypto’s defining bridge hacks. In March 2022, attackers drained 173,600 ETH and 25.5 million USDC from the Ronin Bridge. However, the mechanics matter here.
Ronin’s bridge needed 5-of-9 validator signatures to approve withdrawals. The attacker did not need to find a conventional smart-contract bug to get there. Four Sky Mavis validator keys were compromised. The fifth approval came through an old Axie DAO permission path linked to Ronin’s gas-free RPC setup, which had not been properly revoked.
Once those five approvals were in place, the bridge treated the withdrawals as valid.
That is the part the “bridge hack” label tends to flatten. The weak point was not simply the bridge as a product, or DeFi as a category. It was the authority structure around the bridge: who could approve movement, how those approvals were protected, and why an old access path was still capable of mattering.
It’s the same story elsewhere Ronin was not an exception. Orbit Chain, WazirX and Bybit all point to the same pattern from different angles. Even the wrench attack incidents in France belong in the broader diagnostic conversation. They were not DeFi failures, but they showed the same uncomfortable truth: attackers follow control, whether that control sits in code, a multisig, a browser interface, or a person.
Where is the money going? The broader data complicates the usual story too.
Immunefi recorded $1.635 billion in crypto losses across 40 incidents in Q1 2025. They tagged it the worst quarter for hacks in crypto’s history. But the split matters.
Source: Immunefi Crypto Losses Q1 2025 Report Most of that figure came from two CEXs. And together, those incidents accounted for roughly 94% of the quarter’s losses.
That does not mean DeFi risk disappeared. But by value, the quarter was dominated by CeFi and signing-related failures, not a wave of protocol-math breaks.
Chainalysis’ report on theft highlighted something similar too.
Source: Chainalysis / Cryptocurrency hack volumes over time It also found that personal wallet compromises became a larger part of the loss picture, rising from 7.3% of stolen value in 2022 to 44% in 2024. 158,000 individual wallet-compromise incidents affected 80,000 unique victims in 2025, even as DeFi hack losses stayed suppressed despite higher TVL.
Read together, the data does not let either side win an easy argument.
On-chain code still fails. Off-chain systems clearly fail too. The more useful pattern is that large losses increasingly expose the machinery around the code: validators, signers, interfaces, wallet infrastructure, cloud systems, personal devices and human access. But the bigger danger begins after the first failure.
Why does one small mistake crash the whole system? In DeFi, a broken assumption rarely stays where it starts. A bridge asset can become collateral. Collateral can support loans. Loans can feed vaults. Vaults can sit inside aggregators. By the time users see the headline, the risk may have already passed through several layers. That is where misdiagnosis becomes more than sloppy language.
For your context, in TradFi, if a bank fails, regulators might freeze assets while they figure out what happened. In DeFi, code executes automatically.
Once systems are connected, naming the wrong failure can distort how the market understands every exposure built on top of it.
Domino effect of interconnected risk Composability is usually treated as DeFi’s great advantage. Protocols seamlessly plug into one another, assets migrate across chains, tokens double as collateral, and liquidity is recycled endlessly across markets.
However, this frictionless design is a double-edged sword because the very architecture that accelerates growth also accelerates failure.
When a cross-chain bridge issues an asset, that asset rarely stays put. It travels. It enters lending markets, sits inside yield vaults, gets routed through aggregators, or serves as collateral for entirely separate positions.
If the bridge’s security model breaks, the damage cannot be contained to the bridge contract itself. Every downstream protocol that treated that bridged asset as a safe, pristine store of value suddenly inherits the rot.
This is where the “Money Lego” metaphor starts to look too clean.
Source: Mapping Microscopic and Systemic Risks in TradFi and DeFi XChainWatcher makes the bridge version of this problem clearer. The study found that bridge vulnerabilities have caused $3.2 billion in losses since May 2021, while also flagging failures that normal “DeFi hack” coverage can miss.
Source: XChainWatcher / Ronin attack discovered days after malicious withdrawals So, the first failure may begin as a bridge assumption, a signer, an oracle, or a governance path. The second-order failure is “trust” moving downstream. Toxins move through the financial plumbing long before the market even realizes a breach has occurred.
Better question is which layer failed Did the code behave incorrectly? Was the protocol fed bad data? Did a bridge validator or multisig signer lose authority? Was a frontend or CI/CD pipeline compromised before users even saw the transaction? Did governance change the rules? Or was the person with access targeted directly?
Those questions lead to different answers.
Better audits matter, yes. They can reduce code-level risk. But they cannot solve stolen keys, compromised signers, weak bridge controls, exposed cloud credentials, and poor operational security. And, they definitely can’t stop people being targeted because they control access to crypto wealth.
That is the point of being precise. If the industry keeps mislabeling the failure, it will keep fighting the wrong battle.
“DeFi hack” may remain useful as a headline shortcut. As a diagnosis though, it is often too blunt to be true. Maybe the better question is where the failure actually began.
Final Summary DeFi protocols plug into one another seamlessly; a security breach at one foundational layer causes immediate downstream damage. An overwhelming majority of stolen funds are actually lost to off-chain operational failures, compromised signing keys, and human vulnerabilities.
Axelar recently introduced its new interface at app.axelar.network, a new way of moving assets across chains through Axelar’s secure and decentralized interoperability network. The goal is to make cross-chain interaction feel more direct, reliable, and easy to use, starting with asset transfers and expanding over time to support more Axelar-powered workflows.
Below, you’ll find a step-by-step guide to bridging tokens between chains using Axelar. In this example, we’ll move POL from Polygon to BNB Chain.
Step 1: Connect your walletGo to app.axelar.network.Click Connect Wallet and choose your wallet, such as OKX Wallet or MetaMask.If you don’t see your wallet, search for any supported wallet or click Show More.Approve the connection in your wallet pop-up by clicking Connect.
Step 2: Choose what you’re sendingClick the chain and token selector.Select Polygon as the source network.Choose POL as the token you want to bridge.Tip: Use the search boxes to find a chain or token quickly. You can only bridge assets you already hold.
Step 3: Choose what you’re receivingClick the destination chain and token selector.Select BNB Chain as the destination network.Choose WPOL as the token you want to receive.This means you are moving POL from Polygon to BNB Chain in one cross-chain transaction.
Step 4: Send to a different wallet addressSkip this step if you want to receive the tokens in your own connected wallet.
Paste the destination wallet address, or connect a separate destination wallet.Click Confirm.Double-check the destination address before continuing. Once a transfer is submitted, it cannot be reversed.
Step 5: Enter the amount and bridgeEnter the amount you want to send, or click MAX to use your full available balance.Review the fee, estimated completion time, and the amount you’ll receive on BNB Chain.When everything looks correct, click Bridge.Your wallet will ask you to confirm the transaction. Review the details and approve it in your wallet.
Step 6: Wait for the transfer to completeTrack the transfer on the Transaction Status screen.The progress will update automatically as the transaction moves through each step.Once the status shows Completed, your tokens have arrived in the destination wallet on BNB Chain.
Step 7: Disconnect your wallet (Optional)Click your wallet address.Click Disconnect to end the connection.
Axelar has long powered cross-chain movement behind the scenes. Now, users can access that infrastructure directly.
Move assets across chains through Axelar.
Available now at: https://app.axelar.network
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CoinEx has issued a detailed public response following a recent Wall Street Journal report discussing the exchange’s historical exposure to Iran-related cryptocurrency transactions, rejecting suggestions that it maintained commercial relationships with sanctioned Iranian entities while outlining a series of compliance enhancements implemented in recent months.
The exchange said it has never maintained commercial relationships with the Iranian government, government agencies, or entities affiliated with the Islamic Revolutionary Guard Corps (IRGC), and argued that the report should distinguish between blockchain transaction flows and evidence of platform knowledge or participation.
According to CoinEx, its official domain has been blocked inside Iran since 2021 after being blacklisted by Iranian authorities. The company said this demonstrates that it has neither operated as a government-recognized platform nor served as an official channel for Iranian state actors.
CoinEx also stated that it has never established offices or operating entities in Iran. While the platform operates a global referral program, it said that any promotional activities conducted by individuals in Iran were independent actions rather than company-organized operations.
Transactions Referenced in the Report Addressing transactions involving Alireza Derakhshan and entities associated with Zedcex and Babak Zanjani, CoinEx said the referenced transactions occurred before those parties became subject to U.S. Treasury sanctions.
The exchange added that it does not knowingly provide products or services to sanctioned persons or entities and continuously updates its sanctions screening procedures as sanctions lists and regulatory requirements evolve.
Regarding the Bybit security incident, CoinEx said it assisted with account blocking and asset freezing shortly after becoming aware of the attack and has initiated an internal review of transactions referenced in the Wall Street Journal report.
CoinEx also noted that it was itself the victim of a cyberattack in 2023 that multiple public investigations attributed to a North Korea-linked threat actor, resulting in losses of approximately US$80 million. The company said this experience reinforces its commitment to cooperating with blockchain security firms and law enforcement agencies in combating cybercrime and tracing stolen assets.
On-Chain Data Requires Careful Interpretation CoinEx argued that blockchain analytics provide valuable risk indicators but cautioned against interpreting transaction flows alone as evidence that a centralized exchange knowingly facilitated illicit activity.
According to the company, blockchain attribution remains an analytical methodology subject to varying interpretations across different providers, while techniques such as mixers, cross-chain bridges and layered transactions significantly complicate attribution.
The exchange also said aggregating bidirectional blockchain flows into a single total and describing that figure as assets “processed” by the exchange may create a misleading impression of platform involvement.
Compliance Measures Expanded CoinEx said it has strengthened its compliance program following sanctions imposed on Nobitex and other Iran-related developments.
Measures announced by the company include restricting new registrations from Iran, enhancing identification and review procedures for higher-risk accounts, implementing broader geo-fencing and regional access controls, strengthening KYT monitoring for sanctioned wallets and high-risk transaction patterns, and continuing enforcement against accounts suspected of using the platform for illicit financial activity.
The exchange described these actions as part of a broader effort to continuously strengthen its global compliance framework.
Looking Ahead CoinEx said it expects regulatory expectations for digital asset platforms to continue evolving globally and plans to continue investing in customer due diligence, anti-money laundering controls, sanctions screening, transaction monitoring and blockchain risk intelligence.
The company said it remains committed to operating a secure and transparent digital asset platform while continuing to improve its compliance capabilities in line with evolving global regulatory standards.
Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this Press Release does not represent any investment advice. TheNewsCrypto recommends our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this Press Release.
CoinEx refuted claims linking the state-backed companies from Iran to shift funds via its cryptocurrency exchange network. They promised to step up efforts regarding sanctions and compliance screenings amid growing concerns regarding the issue. CoinEx rejected the accusations that its platform was involved in facilitating transactions for Iranian state-backed organizations following the recent Wall Street Journal report on the matter. According to the report, about $3.84 billion of cryptocurrency inflows related to Iran were identified by investigators as having gone through the platform since 2019, which puts CoinEx in a spotlight as regulators are putting more pressure on crypto exchanges conducting cross-border transactions.
Moreover, CoinEx rejected all the allegations about the existence of any business relations with Iranian government entities, local exchanges, the Revolutionary Guard, or any sanctioned entities. The company also noted that CoinEx does not have offices and legal entities in Iran. To prove its point of view, CoinEx mentioned that Iranian authorities have recently blocked the platform’s official website in 2021 after adding it to the blacklist.
CoinEx Official Statement Regarding The Wall Street Journal Report
CoinEx is aware of the recent report published by The Wall Street Journal. We fully respect media oversight and press freedom, and understand the public's heightened concern regarding compliance, anti-money…
— CoinEx Global (@coinexcom) June 25, 2026 Exchange Challenges Transaction Analysis The debate heated up after reports claimed a connection between certain transaction trails on wallets related to the Iranian central bank with the stolen coins from the notorious Bybit hack. CoinEx rejected this analysis and stressed that transaction trails on the blockchain cannot be used to prove involvement in questionable practices.
CoinEx claims that blockchain is open and transparent, but different analysts can come to different conclusions analyzing relations between the wallets and transaction trails. In addition, according to the company, the reported total amount of transactions was wrong because the investigators summed up incoming and outgoing flows into one number.
CoinEx Increases Compliance Efforts Despite refuting the claims made against it, CoinEx emphasized that it is continuously reviewing the transactions listed in the report. The firm also underscored its efforts in cooperating during the Bybit hack, in which it assisted in blocking and freezing the accounts connected to the illicit activities once it became aware of the situation.
On the other hand, CoinEx has increased its sanctions screening, transaction monitoring, geo-fencing, and anti-money laundering policies on its platform. The cryptocurrency exchange firm also increased its Know Your Customer policy and limited registration from high-risk areas. With the increasing regulatory attention towards Iran-based crypto activities, CoinEx indicated that it will continue to invest in compliance infrastructure and on-chain risk monitoring.
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TRM Labs says CoinEx processed billions in Iran-linked crypto flows, putting exchange compliance and sanctions screening back under the spotlight.
TL;DR TRM Labs traced $3.84 billion in Iran-linked activity through CoinEx. The report links the flows to sanctioned entities and Iranian exchange infrastructure. The finding adds pressure on offshore exchanges as sanctions enforcement expands across crypto rails. TRM Puts CoinEx Under The Compliance Spotlight TRM Labs has published a new report alleging that CoinEx became a major gateway for Iran-linked crypto activity, processing $3.84 billion in transactions tied to Iranian users and entities over several years. The report names a range of flows connected to Iranian exchange infrastructure and sanctioned actors, making it one of the more significant compliance stories of the week.
The key issue is not simply whether Iranian users accessed a global crypto exchange. It is whether exchange controls, IP restrictions and sanctions screening were strong enough to prevent large-scale flows linked to restricted jurisdictions. TRM’s report argues that CoinEx handled activity that should have raised serious compliance questions.
Why The Numbers Matter The $3.84 billion figure is large enough to move the story beyond routine compliance housekeeping. It raises questions about whether smaller or mid-tier exchanges are being used as alternative rails after larger platforms tighten access for sanctioned markets. That matters because enforcement pressure has increasingly shifted from mixers and DeFi protocols to centralized exchanges that act as fiat and liquidity gateways.
TRM’s findings also come after a broader wave of US sanctions and blockchain analytics reports focused on Iranian crypto infrastructure. For regulators, the pattern is likely to reinforce the argument that crypto exchanges need active transaction monitoring, not just basic account-level KYC.
A Wider Crypto Enforcement Theme The larger trend is clear: blockchain analytics firms are now central to sanctions enforcement. Their reports can shape public narratives, inform regulatory action and pressure exchanges before any formal court case appears. That makes analytics reports market-relevant in their own right.
For CoinEx, the immediate challenge is reputational. For the wider industry, the lesson is that compliance gaps are no longer hidden just because transactions happen on-chain across different wallets and exchanges.
The main point is not that one headline settles the direction of the market by itself. It is that the same themes keep showing up across the tape: regulation is becoming more specific, institutional products are moving closer to normal financial rails, and traders are reacting quickly whenever liquidity thins out. That is why the source detail matters here. The development gives the market one more data point at a time when Bitcoin, Ethereum and the wider altcoin complex are already being judged through the lens of leverage, policy risk and institutional participation.
The practical reading is that this story belongs inside the wider market structure rather than as an isolated announcement. Traders are still working through a mix of weaker liquidity, tougher policy questions, institutional product launches and renewed stress in high-beta tokens. That means even stories that look narrow at first can become useful because they show where capital, regulation and infrastructure are moving. The safest framing is to avoid treating the development as a guaranteed price catalyst and instead focus on what it changes for market participants, builders and investors watching the next stage of crypto adoption.
This coverage is based on information from TRM Labs.
This article was written by the News Desk and edited by Samuel Rae.
Security research firm TRM Labs has flagged Seychelles-based global crypto exchange CoinEx as a key enabler for Iran-linked illicit capital flows.
According to TRM Labs, over $3.8 billion was traded between CoinEX and the four Iranian crypto exchanges, including Nobitex, which were sanctioned by the U.S. earlier this month. Out of the nearly $4 billion flagged flows, over half of the funds were routed from Nobitex, at an average of $1M per day since 2018.
The report alleges that top local Iranian exchanges moved 5-10% of their volumes via CoinEx, noting that it was a ‘coordinated arrangement’ rather than organic adoption.
Source: TRM Labs For Ari Redbord, global head of policy at TRM Labs, the Iranian regime’s international crypto infrastructure was intact as CoinEx was not part of the sanctioned entities in early June.
In an email statement, Redbord told AMBCrypto,
CoinEx isn’t just another exchange with incidental Iran exposure — it has functioned as the backbone of Iran’s cryptocurrency ecosystem for seven years, processing nearly USD 4 billion across more than 60 Iranian platforms.
He added,
This indicates a willingness to engage with Iranian actors such as the IRGC and enable the largest state sponsor of terrorism in the world to evade sanctions and destabilize the region.
According to Redbord, the four sanctioned crypto exchanges, including Nobitex, account for 78% of Iran’s domestic cryptocurrency volume. He claimed that CoinEx has direct on-chain exposure to the Iran Revolutionary Guard Corps (IRGC) and its proxies in Palestine and Lebanon.
In fact, the firm established that CoinEx received $67M from the Central Bank of Iran, further underscoring how embedded it is with the Iranian government.
Iran’s alleged Bitcoin mining operations Additionally, the report noted that the state could have received mining payouts. The security firm cited Nobitex-linked addresses that received payouts from ViaBTC, a Hong Kong-based mining infrastructure firm.
Notably, TRM Labs uncovered over $154 million in mining rewards, adding that,
Given that industrial-scale cryptocurrency mining in Iran is subject to strict government oversight, these activities could also indicate access to state-authorized mining infrastructure or partnerships.
Interestingly, the report didn’t flag Binance, which was recently speculated to be another conduit for Iran-sanctioned entities to move funds.
During the West Asia crisis, the U.S. turned Iran’s crypto into a chokepoint, freezing over $1 billion of its funds. The sanctioning of the four exchanges was part of the broader U.S pressure to bring Iran to accept its deal. It marked a classic case of crypto on the geopolitical chessboard.
As of writing, negotiations are still ongoing between the two countries. But it’s unclear whether a permanent peace deal will be achieved soon.
Final Summary CoinEx handled nearly $4 billion for Iran-sanctioned entities, making it a key global strategy for the regime, according to TRM Labs. Recent U.S. sanctions only targeted 78% of Iranian crypto volumes
In brief TRM Labs said it uncovered over $3.84 billion in crypto flows between CoinEx and more than 60 sanctioned Iranian platforms over a seven-year period. The exchange rejected the allegations, arguing that it is a neutral global platform serving ordinary users, with no official ties to Iranian entities. The confrontation comes amid U.S. enforcement, marked by sanctions against Iran’s largest crypto exchange and a $1 billion Bitcoin seizure. CoinEx denied allegations on Thursday that the Seychelles-based crypto exchange knowingly served as a conduit for billions of dollars in sanctioned Iranian funds, pushing back against a report from The Wall Street Journal that leaned heavily on analysis from TRM Labs.
The crypto analytics firm published a blog post drawing connections between CoinEx and more than 60 Iranian platforms, including Nobitex, which was slapped with U.S. sanctions earlier this month for allegedly facilitating terrorist financing, sanctions evasion, and ransomware payments.
For years, CoinEx has shared a close connection with the platform known as Iran’s largest crypto exchange, gaining on-chain exposure to Iranian military entities while also serving as Nobitex’s “single largest external counterparty,” according to TRM.
CoinEx pinned its defense on neutrality, asserting that it operates as a global exchange that serves ordinary users worldwide, with no official ties to Iranian authorities or sanctioned entities.
“We firmly reject any narrative that conflates ordinary user activity with state-level sanctions evasion, and any inference that equates on-chain fund flows with platform knowledge of, support for, or participation in illicit activity,” CoinEx said in an X post.
Over the past seven years, more than $3.84 billion has flowed between CoinEx and a mining pool owned by the exchange’s parent company, ViaBTC, which TRM said its data shows. The firm described CoinEx as “the single biggest lifeline for Iran’s cryptocurrency ecosystem.”
Because CoinEx, which debuted nearly a decade ago in Hong Kong, has transaction exposure to more than 60 entities operating in Iran, TRM argued that “this connectivity is unlikely to be independent market behavior.”
On top of that, TRM alleged that CoinEx’s platform was subject to a year-long money laundering scheme that ended this month, in which the exchange received $67 million derived from Iran’s central bank through a web of transfers extending across several blockchains.
On X, CoinEx said that it moved quickly after Nobitex was sanctioned to strengthen identification of Iranian users, implement comprehensive geo-fencing, detect suspicious transactions, and ramp up “action against accounts using the platform for illicit activity.”
While recent reports suggest that the Iranian government has accepted Bitcoin as payment for transiting the Strait of Hormuz, through which 20% of the world’s oil supplies once flowed, the U.S. government has been proactive, according to Treasury Secretary Scott Bessent.
Days before Nobitex was sanctioned alongside three other exchanges, Bessent said the U.S. had seized $1 billion worth of cryptocurrency from entities linked to Iran. He posited at the time that some individuals “might not have realized that their wallet had been grabbed.”
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In brief TRM Labs said it uncovered over $3.84 billion in crypto flows between CoinEx and more than 60 sanctioned Iranian platforms over a seven-year period. The exchange rejected the allegations, arguing that it is a neutral global platform serving ordinary users, with no official ties to Iranian entities. The confrontation comes amid U.S. enforcement, marked by sanctions against Iran’s largest crypto exchange and a $1 billion Bitcoin seizure. CoinEx denied allegations on Thursday that the Seychelles-based crypto exchange knowingly served as a conduit for billions of dollars in sanctioned Iranian funds, pushing back against a report from The Wall Street Journal that leaned heavily on analysis from TRM Labs.
The crypto analytics firm published a blog post drawing connections between CoinEx and more than 60 Iranian platforms, including Nobitex, which was slapped with U.S. sanctions earlier this month for allegedly facilitating terrorist financing, sanctions evasion, and ransomware payments.
For years, CoinEx has shared a close connection with the platform known as Iran’s largest crypto exchange, gaining on-chain exposure to Iranian military entities while also serving as Nobitex’s “single largest external counterparty,” according to TRM.
CoinEx pinned its defense on neutrality, asserting that it operates as a global exchange that serves ordinary users worldwide, with no official ties to Iranian authorities or sanctioned entities.
“We firmly reject any narrative that conflates ordinary user activity with state-level sanctions evasion, and any inference that equates on-chain fund flows with platform knowledge of, support for, or participation in illicit activity,” CoinEx said in an X post.
Over the past seven years, more than $3.84 billion has flowed between CoinEx and a mining pool owned by the exchange’s parent company, ViaBTC, which TRM said its data shows. The firm described CoinEx as “the single biggest lifeline for Iran’s cryptocurrency ecosystem.”
Because CoinEx, which debuted nearly a decade ago in Hong Kong, has transaction exposure to more than 60 entities operating in Iran, TRM argued that “this connectivity is unlikely to be independent market behavior.”
On top of that, TRM alleged that CoinEx’s platform was subject to a year-long money laundering scheme that ended this month, in which the exchange received $67 million derived from Iran’s central bank through a web of transfers extending across several blockchains.
On X, CoinEx said that it moved quickly after Nobitex was sanctioned to strengthen identification of Iranian users, implement comprehensive geo-fencing, detect suspicious transactions, and ramp up “action against accounts using the platform for illicit activity.”
While recent reports suggest that the Iranian government has accepted Bitcoin as payment for transiting the Strait of Hormuz, through which 20% of the world’s oil supplies once flowed, the U.S. government has been proactive, according to Treasury Secretary Scott Bessent.
Days before Nobitex was sanctioned alongside three other exchanges, Bessent said the U.S. had seized $1 billion worth of cryptocurrency from entities linked to Iran. He posited at the time that some individuals “might not have realized that their wallet had been grabbed.”
Daily Debrief NewsletterStart every day with the top news stories right now, plus original features, a podcast, videos and more.
The cryptocurrency industry is once again in the spotlight as compliance with international sanctions takes center stage. According to a new report by TRM Labs, organizations linked to Iran conducted approximately $3.84 billion in transactions via CoinEx between 2019 and 2026. The flow of funds is alleged to have enabled access to global crypto markets despite wide-reaching international sanctions.
Key findings in the TRM Labs reportBlockchain analytics firm TRM Labs stated it has monitored transactions connected to both the Central Bank of Iran and the local Iranian crypto exchange Nobitex. The report found that before reaching CoinEx, the funds passed through a network of intermediary wallets. This complex structure made direct tracing of transactions more difficult and allowed users to tap into greater international liquidity.
Glossary: KYC stands for “Know Your Customer” rules. In this process, crypto exchanges verify users’ identities and monitor transaction risks to bolster compliance with anti-money laundering and sanctions regulations.
According to TRM Labs, Iranian-linked funds were funneled to CoinEx through a series of intermediary wallets, a structure that reportedly allowed users to access the global crypto market despite international sanctions.
Data in the report revealed that the transaction volume between Nobitex and CoinEx peaked at $763 million in a single year—a figure cited as one of the most striking indicators of the relationship between the two platforms.
The link between Nobitex and CoinExNobitex, Iran’s largest crypto exchange, is said to have served as the main point of departure for assets leaving the country. CoinEx was described as the platform where these assets connected to wider international markets. As of 2024, the report suggests that CoinEx has become Nobitex’s largest foreign counterpart.
Previously, Binance reportedly played this role, but as Binance tightened its sanctions controls and compliance procedures, its connection with Nobitex diminished. This shift has increased CoinEx’s prominence as the key bridge linking Nobitex to international markets.
Sanctions process and regulatory pressureFounded in 2017 by Haipo Yang and headquartered in Seychelles, CoinEx announced it has adopted stricter KYC procedures in recent years. The exchange also stated that it has limited access for users based in Iran. Nevertheless, the report highlights the significant scope of past transaction flows between Iranian entities and CoinEx.
The issue came to the fore when US authorities imposed sanctions on Nobitex on June 2, 2026, citing alleged links to groups including Iran’s Islamic Revolutionary Guard Corps. TRM Labs said it identified more than 60 Iranian organizations connected to these crypto flows.
Compliance grows more urgent for exchangesThe overarching picture underscored by the report shows that compliance and regulatory oversight are no longer secondary in the cryptocurrency market. As regulatory pressure increases, exchanges investing more in transaction monitoring and institutional controls appear better positioned to reduce user risk.
Recent waves of sanctions are further boosting the competitive strength of platforms that prioritize trust, transparency, and risk management. In this context, investors are reportedly giving closer attention to compliance policies, rather than focusing solely on trading fees and product offerings when choosing an exchange.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Microsoft has a new image generation model, and it debuted near the top of the leaderboard. MAI-Image-2.5, announced June 2 by Microsoft AI’s Superintelligence team, ranks second in image editing and third in text-to-image generation on the Artificial Analysis Image Arena, a benchmark built on blind human preference votes.
What the numbers actually say In text-to-image, MAI-Image-2.5 scores between 1253 and 1276 on the Elo scale, placing it third overall. In image editing, it posts an Elo score of 1251, good enough for second place.
The gains over its predecessor, MAI-Image-2, are measurable and specific. MAI-Image-2.5 records a 107-point improvement in text rendering and a 90-point jump in cartoon, anime, and fantasy imagery on benchmark tests.
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Microsoft released the model in two configurations. The standard MAI-Image-2.5 is the high-fidelity option, priced at $47 per million image output tokens. The MAI-Image-2.5-Flash variant trades some ceiling for speed, coming in at $19.50 per million tokens.
Where it sits in the competitive landscape MAI-Image-2.5 outranks several Google Gemini image offerings and clears every prior Microsoft model on the Artificial Analysis leaderboard. OpenAI’s GPT Image 2 variants still sit above MAI-Image-2.5 on both rankings.
Access for developers is live through Microsoft Foundry and through third-party platforms including OpenRouter.
What this means for the market MAI-Image-2.5 powers image generation directly in PowerPoint and enables precise editing inside OneDrive, with safety guardrails built into both integrations.
The pricing structure positions MAI-Image-2.5 for developer and enterprise workloads at scale. At $47 per million tokens for the full model and $19.50 for Flash, the model targets the enterprise buyer who runs volume and needs predictable costs.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Ben Delo, the BitMEX co-founder who was pardoned by Donald Trump last year after a US criminal conviction, has moved back to the UK from Hong Kong with a very specific agenda: pouring money into Nigel Farage’s Reform UK party.
Delo announced his relocation on April 8 and has already donated £4 million ($5.1 million) to the party across two installments. That makes him one of Reform UK’s largest individual donors heading into the next general election cycle.
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Following the money trail The £4 million arrived in two tranches. The first £2 million landed on January 14, followed by another £2 million on March 2.
Delo’s relocation wasn’t purely about patriotic homecoming. The Labour government introduced a £100,000 cap on donations from British citizens living overseas. By physically returning to the UK, Delo sidesteps that restriction entirely, freeing him to donate without ceiling constraints.
He’s not the only crypto-minted donor writing large checks to Farage’s operation. Christopher Harborne, another wealthy figure with ties to the digital asset industry, donated £3 million to Reform UK in January 2026. Between just these two donors, the party pulled in £7 million from crypto-linked contributors in the opening months of the year.
From conviction to pardon to politics Delo co-founded BitMEX, the crypto derivatives exchange that at its peak was one of the most influential trading platforms in the digital asset world. In 2022, US authorities convicted Delo for violations of the Bank Secrecy Act. The charges centered on BitMEX’s failure to implement adequate anti-money laundering controls.
The consequences were a 30-month probation period and a $10 million fine. In 2025, Donald Trump granted Delo a presidential pardon, wiping the conviction from his record. That pardon effectively reopened the door for Delo to engage in political life.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Buying interest returned to Lighter [LIT] as the token extended its recent recovery, supported by stronger trading activity and renewed demand across the market.
At the time of writing, the altcoin traded around $1.69 after gaining 7.34% over the previous 24 hours, while daily trading volume climbed 50.25% to $63.3 million.
The rally has kept LIT above the $1.50 support level and pushed it back toward the $1.74 supply zone.
Lighter also maintained a market capitalization of approximately $422.66 million, reflecting sustained participation as buyers challenged a major resistance area.
Can Lighter overcome its next major hurdle? Lighter extended its advance within a well-defined ascending channel before reaching the $1.74 supply zone, where previous rallies had repeatedly stalled.
Buyers defended the $1.50 support level after a brief pullback, allowing price to recover and revisit the upper boundary of the structure.
However, repeated rejections beneath resistance showed that sellers continued protecting this region. Even so, the series of higher lows preserved the broader bullish structure throughout the channel.
The chart also identified $2.00 as the next major resistance beyond the supply zone.
If buyers reclaim $1.74 with sustained demand, price could continue toward that level. However, failure to clear resistance could keep Lighter trading within its current rising channel.
Source: TradingView Selling pressure faded as the bullish crossover approached Technical indicators reflected mixed conditions as Lighter tested overhead resistance.
The DMI remained constructive, with the +DI at 23.53 holding above the -DI at 14.92w. The ADX stood at 27.92, indicating that the prevailing uptrend retained reasonable strength.
Although the MACD line remained below the signal line, the histogram narrowed to -0.0118, showing that selling pressure had continued fading after the recent recovery.
This improvement suggested bearish pressure had weakened despite the bullish crossover not yet materializing. If the histogram continues narrowing and the MACD line crosses above the signal line, the indicator would confirm a bullish crossover.
Ultimately, the crossover will strengthen the case for another attempt above the $1.74 supply zone.
Source: TradingView Where could liquidation pressure build next? The liquidation heatmap revealed dense liquidity clusters between $1.70 and $1.75, placing the current price directly beneath an area likely to attract heightened volatility.
Several large liquidation pockets also appeared around $1.69. This suggests that a move above nearby resistance could trigger additional liquidations and accelerate the advance.
Meanwhile, sizeable liquidity zones rested near $1.62 and $1.56, providing downside targets if selling pressure increases. Those clusters showed that leveraged positions had concentrated around nearby price levels rather than farther away.
As a result, the next decisive move would likely emerge once either buyers or sellers force price through one of these heavily populated liquidity areas.
Source: CoinGlass Can Lighter open the path toward $2.00? Lighter maintained a constructive technical structure, and the ongoing momentum points toward a breakout above the $1.74 supply zone.
With buying pressure strengthening, the ascending channel is set to remain intact, driving price toward the $2.00 resistance level.
Final Summary Lighter held its ascending channel as buyers challenged a key resistance around $1.74. Fading selling pressure and overhead liquidations could support another breakout attempt if demand persists.
Hyperscale Data, Inc. (NYSE:GPUS) shares fell on Thursday, reversing momentum from a positive rally following the company’s announcement of a major AI data center services agreement.
The company said Thursday that it held approximately $94.8 million in cash, restricted cash, Bitcoin and silver as of June 24, 2026.
• Hyperscale Data shares are sliding. Why are GPUS shares down?
AI Data Center Agreement Announced WednesdayHyperscale Data announced on Wednesday that its subsidiary, Alliance Cloud Services, signed a master services agreement with a California-based neocloud provider for colocation and data center services at its Michigan campus.
The deal covers 20 megawatts of AI compute capacity expected to come online in the fourth quarter of 2026, with an option to expand to 52 megawatts.
Hyperscale Data expects the agreement to generate more than $1.2 billion over the full term. Revenue could exceed $3 billion if the customer exercises the additional 32-megawatt option and extensions.
Balance Sheet and Campus TransitionHyperscale Data also said it held approximately $94.8 million in cash, restricted cash, Bitcoin and silver as of June 24, 2026, equal to 100.42% of the market capitalization of its class A common stock at that day’s close.
The company expects to spend $100 million to $120 million to retrofit about 60,000 square feet at its Michigan campus for the initial 20-megawatt deployment.
The campus could eventually support more than 300 megawatts, subject to approvals, financing and infrastructure.
“We are extremely confident in the Company’s position after the announcement of the signing of a Master Services Agreement (“MSA”) worth approximately $1.2 billion, presuming exercise of the two five-year extensions, but before any exercise of options for additional power capacity,” commented Executive Chairman Milton "Todd" Ault III.
“We strongly believe that the value we are creating for stockholders, including the recurring monthly revenue from the MSA, is not being properly recognized and no value is being ascribed to this transformational event for the company.”
GPUS Technical Outlook: Key Moving Averages and MomentumThe stock is currently trading about 16.4% below its 20-day simple moving average of 22 cents, signaling recent weakness. However, it remains slightly above its 50-day SMA of 17 cents, suggesting that level may be acting as near-term support.
Momentum remains neutral, with the Relative Strength Index at 45.83, indicating the stock is neither overbought nor oversold.
The moving averages show a mixed technical setup. While the 20-day SMA remains above the 50-day SMA, suggesting some short-term strength, the 50-day SMA remains below the 200-day SMA, indicating the broader trend remains bearish.
Overall, the setup suggests limited near-term support, but the longer-term trend remains under pressure.
GPUS Stock Price Activity: Hyperscale Data shares were down 7.98% at 17 cents at the time of publication on Thursday, according to Benzinga Pro data.
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This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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PANews, June 25 - According to Cryptopolitan, prediction market platform Kalshi has filed a lawsuit in the United States District Court for the Northern District of Illinois, challenging the state's newly signed SB3019 bill. The bill requires prediction market platforms to obtain a state license and imposes a 0.2% tax on digital asset transactions involving Illinois customers, effective July 1.
Kalshi argues that federal law grants the CFTC exclusive jurisdiction over exchange-traded derivatives, and additional state regulatory requirements conflict with the Commodity Exchange Act. If Kalshi withdraws sports event contracts from Illinois to comply with state law, it would directly violate the CFTC’s uniformity requirement; continuing operations without a license would violate state law, and implementing geo-blocking technology would be costly. The lawsuit is the latest case in the jurisdictional dispute over prediction markets between the CFTC and the states, with the CFTC having sued nine states to assert federal authority.
Key Highlights Shares of Nokia advanced over 3% during Thursday’s premarket session following the announcement of a strengthened Amazon Web Services partnership. The collaboration focuses on delivering Nokia’s Autonomous Networks Fabric through AWS infrastructure, aiming for Level 4 network autonomy capabilities. The solution integrates agentic AI technology, digital twin modeling, and intent-based networking designed for telecommunications providers. NOK shares currently trade 71.3% higher than their 200-day simple moving average, with a golden cross pattern formed in October 2025. Second quarter financial results are scheduled for July 23, with analyst expectations of 7 cents EPS and $5.59 billion in revenue. Shares of Nokia (NOK) climbed more than 3% during Thursday’s premarket hours, reaching $14.27, following the telecommunications equipment maker’s announcement of a broadened collaboration with Amazon Web Services aimed at developing autonomous network infrastructure.
Nokia Oyj, NOK
The agreement enables Nokia’s Autonomous Networks Fabric to operate on AWS, providing telecommunications companies with cloud-delivered AI-powered tools intended to advance network operations toward Level 4 autonomy — meaning networks capable of operating with minimal human intervention.
$NOK is expanding its autonomous network push with $AMZN AWS and Databricks.
Nokia is packaging agentic AI, digital twins and closed-loop operations into a platform it says has already helped operators reach 90%+ automation and cut network slice rollout times by up to 85%. pic.twitter.com/JOIliQKCmf
— Shay Boloor (@StockSavvyShay) June 24, 2026
According to Nokia, the solution currently manages orchestration, network assurance, and inventory management capabilities. Full commercial availability is projected for later in 2026.
The platform integrates data management systems, agentic AI capabilities, digital twin technology, and intent-based networking frameworks. The objective is to transition telecommunications carriers from manual network management toward automated, cloud-first operations capable of dynamically responding to real-time traffic patterns.
Nokia’s Chief Technology Officer for AI and Autonomous Networks stated bluntly: “This is how telcos will compete in the AI era.”
This latest agreement expands upon previous collaborative efforts between Nokia and AWS, which included AI-enhanced network slicing capabilities and a commercial 5G Core software-as-a-service offering. Telecommunications operators utilizing the platform may benefit from increased automation efficiency, accelerated service deployment, and reduced infrastructure expenditures, according to statements from both companies.
Technical Analysis of NOK Stock From a technical perspective, the trend structure remains constructive. NOK currently trades 6.5% above its 50-day simple moving average of $13.42, 33.9% above its 100-day SMA of $10.68, and 71.3% above its 200-day SMA of $8.34.
The golden cross pattern — characterized by the 50-day SMA crossing above the 200-day SMA — materialized in October 2025 and continues to hold.
In the immediate term, the stock is positioned marginally below its 20-day SMA of $14.77 while maintaining levels close to its 20-day exponential moving average of $14.26. The relative strength index registers 47.61, indicating neutral momentum without signs of overbought conditions.
Immediate resistance lies at the $15.00 level. Primary support is located around $13.00, coinciding with the 50-day moving average zone.
Wall Street sentiment remains favorable. JP Morgan maintains an Overweight rating with a $21.00 price objective, revised upward on June 12. Argus Research initiated coverage with a Buy rating and $15.00 target in April. The consensus recommendation stands at Buy with an average price target of $14.67.
Upcoming Earnings Report The next significant catalyst for NOK arrives on July 23, 2026, when the company releases its second quarter financial results.
Wall Street analysts project earnings per share of 7 cents, representing an increase from 4 cents in the comparable year-ago quarter. Revenue estimates stand at $5.59 billion, versus $5.15 billion reported in the prior-year period.
The stock trades at a price-to-earnings multiple of 86.3x, representing a premium valuation relative to industry peers — a level that will require sustained operational performance to justify.
Nokia’s Benzinga Edge momentum metric registers 96.94, positioning near the top among comparable companies. The quality score also rates favorably at 77.08. However, the value score of 33.98 indicates the stock has experienced substantial multiple expansion.
Security and privacy are paramount for Web3 AI agents - and heyAura is no exception. Find out more about what we do to safeguard those.
heyAura, as a Web3 AI assistant, works with wallet onchain history, portfolio state, and transaction preparation. The assistant can help users understand their assets, assess risk, compare opportunities, and prepare actions. A product trusted with execution needs to be secure and provide privacy through careful code review, clear approval flows, and tighter handling of wallet data. In this article, we look into detail into heyAura’s security and privacy.
Existing security baselineheyAura
inherited AdEx along with its established ecosystem, the $ADX token, and long-running security. AdEx has been stress-tested through time and considered a veteran in the space with nearly a decade of enduring market cycles.
Listed on Binance, Kraken, and numerous other exchanges, the $ADX token forged its resilience with time and remains the centerpiece of heyAura’s governance and utility.
On the review side, $ADX has been audited by CertiK and others.
Security innovationWe are also setting up an AI-based auditing system that will run continuously against the application codebase.
Contrary to the traditional audit method of a single audit report, heyAura will keep reviewing its code as it changes. The continuous AI-assisted review will add another layer of security around day-to-day development and shorten the gap between code changes and security checks.
Privacy-preserving local modelOne of the most important parts of heyAura’s design is the privacy-preserving local model direction.
The assistant works with sensitive wallet context: balances, positions, approvals, transaction history, and behavioral signals.
The local model direction keeps the first layer of wallet interpretation in the user environment where possible. That reduces how much raw wallet context needs to leave the wallet in order to produce useful output. When remote processing is required, the system sends less raw wallet data and only what the task requires.Or simply put in a situation of a potential security breach your data stays protected on your device.
User approval is the final phaseheyAura can prepare actions, but the user must still approve them.
That applies to swaps, bridges, trades, and any other execution-related tasks. The assistant can reduce the work between understanding a position and acting on it but the final decision always stays in the user’s hands.
Authentication and identitySecurity for heyAura also includes authentication.
heyAura is moving to agent-driven workflows, making identity and authentication more important. Billions supports that layer through verifiable identity infrastructure that can strengthen trust across services and interactions. With Billions’ integration heyAura’s identity can be verified by others and allow it to authenticate those who try to communicate with it.
In conclusion: setting a security standardThe security model behind heyAura is built around a few core requirements. Sensitive wallet context should stay local where possible, and remote systems should receive less when they are needed. Code review should continue as the product evolves, surpassing isolated audit points. Actions should still require user approval, and authentication is mandatory as workflows move closer to agent-driven interaction.
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Lime, the electric scooter and e-bike rental company formally known as Neutron Holdings, is heading for the public markets with a Nasdaq listing under the ticker LIME. The company filed its S-1 registration with the SEC on May 8 and kicked off its roadshow on June 22, with pricing expected during the week of June 29.
The offering includes 6.96 million shares priced between $24 and $26 each, targeting approximately $174 million in proceeds. That would put Lime’s post-IPO valuation somewhere between $1.66 billion and $1.8 billion.
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Uber’s bet and the revenue question Uber plans to purchase up to $20 million in shares, accounting for roughly 11.5% of the total offering. Uber also accounted for about 14% of Lime’s revenue in 2025, meaning the ride-hailing company is simultaneously Lime’s biggest distribution partner and now one of its most visible public market backers.
Lime operates as the largest global provider of shared micromobility services, offering short-term rentals of electric scooters and e-bikes across hundreds of cities.
The balance sheet tells a different story Lime reported a net loss of $59.3 million in 2025. As of March 31, 2026, Lime held roughly $261 million in cash against current liabilities of approximately $1 billion.
The $174 million IPO raise, if fully subscribed at the top of the range, would bring total cash closer to $435 million. That still leaves a significant gap against those looming liabilities.
What this means for investors The $1.66 billion to $1.8 billion valuation range positions Lime as a mid-cap transportation play. Investors watching this IPO should pay close attention to the final pricing and first-day trading dynamics. Strong demand above the $26 top of range would suggest institutional appetite for micromobility exposure at scale. Pricing at or below the $24 floor would indicate that even with Uber’s endorsement, the market wants a discount for the financial risk.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
While most of the crypto market sold off on June 25, Sei Network's native token $SEI moved in the opposite direction, trading near $0.058 and up roughly 9% on the day as Bitcoin slipped under $60,000 and most major altcoins stayed firmly in the red.
The move was backed by real volume. CoinGecko data shows 24-hour trading volume for $SEI surged around 190% to approximately $72 million, confirming the price action was not a low-liquidity drift. @SeiNetwork was among the day's clear standouts in an otherwise weak market.
Short squeeze and Giga hype fuel the rally Two catalysts appear to be driving the outperformance. The first is a short squeeze that built around the $0.06 level, forcing leveraged bears to cover their positions and amplifying the upside move. The second is growing anticipation around the network's upcoming Giga upgrade.
Sei Labs published the Giga roadmap in late May 2026, targeting over 200,000 transactions per second and sub-400 millisecond finality. At the core of the performance leap is a protocol called Autobahn, a multi-proposer consensus mechanism. Traditional blockchains rely on a single block proposer at a time, creating a bottleneck. Autobahn lets multiple validators propose blocks simultaneously, which is how throughput scales from thousands to hundreds of thousands of TPS.
For context, Sei's prior throughput benchmarks sat in the range of 5,000 to 12,500 TPS. The Giga upgrade represents roughly a 40 to 50-fold increase in raw capacity. Beyond consensus, the upgrade also introduces asynchronous execution, allowing the network to process transactions in parallel and decouple execution from the consensus layer itself.
Phased rollout, not a single launch The upgrade is not a single event. Sei Labs is rolling it out progressively throughout 2026, with no single definitive launch date, and has set up a public milestone tracker at giga.seilabs.io.
Alongside the Giga upgrade, Sei Network committed in 2026 to becoming an EVM-only chain, deprecating its original CosmWasm smart contracts and native Cosmos transaction types through community-approved proposal SIP-3. Binance confirmed support for the full transition to EVM compatibility starting June 1.
The day's price action suggests the market is beginning to price in that technical roadmap, at least in the short term. Whether the rally holds will depend on whether the Giga milestones continue to arrive on schedule and whether broader crypto sentiment improves.
This article is for informational purposes only and does not constitute financial advice.
Sources:
Crypto Briefing: Sei Giga Upgrade Roadmap, Targets 200,000 TPS and 400ms Finality
CoinGecko: Sei (SEI) Live Price and Market Data
