Track market-moving stories before they get noisy

PANews reported on October 14th that Scallop, the Sui ecosystem lending protocol, announced that its SCA token lockup has reached 50 million, representing approximately 20% of the total SCA supply, with an average lockup period of 3.71 years. The platform stated that converting locked SCA tokens to veSCA will earn borrowers up to 4x the amount of their borrowed assets, encouraging greater use of borrowed assets within the ecosystem.

PANews reported on December 23 that Scallop, the lending protocol within the Sui ecosystem, recently underwent a comprehensive UI upgrade to its DApp: A new "Flash Loan" feature has been added, allowing users to initiate flash loans directly within the Scallop DApp; Scallop Tools now allows for one-click wallet cleanup and destruction of expired SuiNS; and features such as an account overview, risk level simulator, and market status switching options have been added. Notably, flash loans allow users to borrow assets without upfront collateral and require repayment within the same on-chain transaction.

Hashing It Out: Can blockchain create a sovereign internet?

XYO surged over 65% to an intraday high of $0.025 on Jan. 29, as the crypto rebounded from a downtrend that had persisted since December.

According to data from crypto.news, XYO Network (XYO) rose by 40% over the past day after it announced XYO Layer One, with its price moving from $0.0157 to $0.0224 at the time of writing. During the same period, the asset’s market cap shot up 42% to $312 million while its trading volume spiked by a massive 1100%, hovering around $86.7 million.

On Jan. 28, XYO launched its own Layer-1 blockchain, XYO Layer One, which is set to serve as the backbone of its ecosystem. The blockchain, featuring multichain support, will reportedly facilitate applications across various sectors, including AI models, blockchain tools, real-world asset management, and DePIN.

Market commentators also observed that the altcoin has recently broken out of a falling wedge pattern, a bullish pattern, which positions the token for more gains ahead.

Further rumors around a potential collaboration with electric car manufacturer Tesla have also gained prominence within the community.

When these rumors first surfaced, XYO responded with a 125% surge in less than 24 hours in early December 2024.

Another factor that could help support XYO’s current rally is the narrative around it being a U.S.-based project. Recent reports claim Eric Trump has floated the idea of a 0% capital gains tax on U.S.-based cryptocurrency projects as a way to boost blockchain innovation. 

While Eric Trump isn’t a policymaker himself, his comments have been interpreted as a reflection of the Trump administration’s broader stance. The mere possibility of such a tax incentive has stirred speculation, particularly around projects like XYO, which could see increased interest from investors looking to capitalize on potential tax advantages.

XYO is currently 327% up over the past year, with a circulating supply of around $13.93 billion tokens.

What is XYO crypto? XYO is the governance and utility token of the decentralized physical infrastructure network project with the same name. It powers the XYO ecosystem by supporting consumer software, developer tools, and digital assets.

The network is designed to promote data sovereignty, rewarding users for contributing and maintaining accurate location-based information, with the XYO token serving as the foundation of this system.

Why These Altcoins Are Trending Today — January 29

An altcoin associated with a decentralized physical infrastructure network (DePIN) project surged by nearly 44% on Friday after receiving a prominent exchange listing.

On Thursday, the South Korean crypto exchange giant Bithumb announced it was listing XYO, the native token of the XYO Network.

[adinserter block="1"]

The XYO Network aims to process any type of decentralized data.

Explains the project’s website,

“Encompassing both a network and protocol, XYO can be used for aggregating, verifying, organizing, and utilizing decentralized data from any hardware node capable of running XYO-enabled software or firmware.

XYO’s defining premise is decentralized verification, allowing network devices to verify the data flowing into the network’s databases by acting as witnesses for one another, strengthening the veracity of data received. Simple, accessible organization then allows this data to be put to use quickly and efficiently.”

Earlier this month, the project announced it would be migrating its network to a new layer-1 chain focused on DePIN. To help facilitate that move, the XYO Network is also rolling out a new layer-1 native token, XL1, and will operate with a dual-token model going forward.

The original XYO token will stay on Ethereum (ETH) and act “as an anchor to regulate the flow of XL1 into its native blockchain,” according to the project.

XYO is trading at $0.0154 at time of writing. The 278th-ranked crypto asset by market cap is also up by more than 71% in the past week.

Generated Image: DALLE3

XYO may be poised for a surge of up to 30% following the launch of its purpose-built Layer-1 blockchain and native utility token, XL1.

Summary

XYO Network has launched its own Layer-1 blockchain, along with its native utility token, XL1. XL1 staking has been designed to reduce XYO’s total supply. While XL1 crashed over 50% less than a day after its launch, XYO price has gained more than 6%. On Sep. 16, DePIN platform XYO Network announced the launch of its first Layer‑1 blockchain, purpose-built to handle data-heavy applications across sectors such as AI, logistics, and real-world assets (RWA).

Unlike general-purpose chains, XYO (XYO) Layer‑1 is built to offer verifiable and scalable data solutions for both enterprise and consumer use cases. XYO reportedly decided to build its own blockchain after finding that existing options could not meet its need for a high-efficiency network to handle large volumes of real-world data.

Apart from the launch of its Layer-1 network, the XYO team also revealed the launch of XL1, a utility token introduced to power the Layer‑1’s transactional functions. While the original XYO token remains active for governance and staking, XL1 will serve as the native currency for gas fees, smart contract execution, and on-chain rewards.

XL1 tokens are earned by staking XYO, a process that locks the original XYO tokens within the Layer 1 network. This mechanism is designed to reduce XYO’s active circulating supply over the long term, which in turn can support XYO’s upside potential.

Shortly after its launch, the XL1 token was listed on multiple centralized exchanges, including Kraken, KuCoin, Gate.io, MEXC, and CoinDCX.

The Token Generation Event established a total supply of 38 billion XL1 tokens, with an initial circulating supply of approximately 5.7 billion tokens, which remains unchanged at press time.

XL1 initially launched at a price of $0.0017 and surged to a high of $0.0032 within the first three hours, before crashing by over 51.5% over the course of the day, as early investors and airdrop recipients likely sold off their tokens to lock in profits, an occurrence quite common in the crypto space.

However, the original XYO Network (XYO) token, on the other hand, rose 6.5% over the past day, bringing its market cap to over $151 million at press time. Now, technicians suggest it may be looking at more gains, especially as recent developments have drawn in renewed interest from traders.

XYO price analysis On the daily chart, XYO price had been forming lower highs and lower lows since it entered a downtrend in mid-July. It eventually broke out of the descending trendline after news of the launch of its Layer 1 network and its accompanying token.

XYO price has broken above a descending trendline that had been forming since mid-July on the daily chart — Sep. 17 | Source: crypto.news When an asset’s price breaks out of a descending trendline, it usually indicates a shift in momentum from bears to bulls.

Another bullish case for XYO is that its price has flipped the 50-day simple moving average at $0.010 into support, a sign that short-term sentiment has turned more favorable.

On top of that, the Aroon Up shows a reading of 100%, while the Aroon Down remains at 28.57%. The metric indicates that bullish momentum is dominant, with the asset recently hitting new highs more frequently than lows.

Based on all these bullish technicals, XYO would likely continue its rally to test the $0.011 level, which aligns with the 23.6% Fibonacci retracement level. A break above this resistance could see the token rally toward $0.013, up nearly 30% from the current level.

However, a drop below the 50-day moving average would invalidate the setup and would likely lead to a bearish reversal.

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

Table of contents

Quick Answer: XYO Network (XYO) is trading near $0.0035–$0.0058 as of May 2026, down approximately 93% from its all-time high of $0.082 (November 2021), and ranking approximately #403 globally. Analyst forecasts for 2026 range from $0.0076 (Changelly conservative) to $0.149 (CoinLore bull case). For 2030, projections span from $0.0043 (MEXC flat 5%) to $1.33 (Mudrex extreme bull). Key catalysts include XYO’s Layer-1 blockchain launched September 16, 2025 — the first blockchain purpose-built for data-heavy DePIN applications — Revolut listing on December 10, 2025, 10+ million nodes worldwide, $8.8 million in real revenue generated in 2024, and the dual-token model introducing XL1 as a gas token alongside XYO governance.

Key Takeaways:

XYO is the first and largest DePIN network for geospatial location verification — 10M+ nodes, 80% non-crypto users Layer One blockchain launched September 16, 2025 — purpose-built for data-heavy applications at scale Revolut listing December 10, 2025 — mainstream fintech exposure to 50M+ Revolut users $8.8M real revenue in 2024 from the COIN App — one of the few DePIN projects with verified non-speculative income XL1 token (gas layer) launched with dual-token model; team unlock of 25.3% monthly through 2026 is a supply headwind What Is XYO Network (XYO)? XYO Network (XY Oracle Network) is a decentralized physical infrastructure network (DePIN) founded in 2017 by Scott Scheper, Arie Trouw, and Markus Levin. Its core function is collecting, validating, and verifying real-world location data — specifically geospatial position — using a cryptographic protocol that makes location data trustless and verifiable on-chain without relying on a centralized GPS provider.

XYO describes itself as “a network of the future” that empowers people to participate in the world’s data economy through the validation of anonymous, secure geospatial data. Its network architecture has four components:

Sentinels: Data collection devices (smartphones, IoT hardware) that record location and proximity signals Bridges: Aggregators that compile Sentinel data and relay it to the network Archivists: Storage nodes that maintain data records Diviners: Query resolvers that analyze data and respond to smart contract requests This architecture enables developers to query real-world location data directly from smart contracts — making XYO function as an on-chain GPS oracle with cryptographic proof of location. The Proof of Location and Proof of Origin technologies are XYO’s primary technical differentiators.

The COIN App — XYO’s consumer-facing mobile application — has attracted over 1 million downloads and generated $8.8 million in real revenue in 2024, almost entirely from users outside the crypto ecosystem. This non-crypto user base (80% of total users) is one of XYO’s most unusual and valuable characteristics.

According to CoinMarketCap, XYO has a fixed circulating supply of approximately 13.93 billion tokens and a market capitalization of approximately $50–80 million as of May 2026.

How Does XYO Compare to Other DePIN and Oracle Networks? XYO occupies a specific niche: decentralized location data verification. It competes with both oracle networks (which provide general external data to blockchains) and DePIN infrastructure protocols.

ProjectTokenFocusMarket CapReal RevenueXYO NetworkXYOGeospatial location data~$50–80M$8.8M (2024)ChainlinkLINKGeneral-purpose oracle~$3.5BProtocol feesHeliumHNTWireless connectivity~$800MNetwork feesHivemapperHONEYDecentralized mapping~$100MMapping rewardsGEODNETGEODHigh-precision GNSS~$40MRTK corrections XYO’s primary advantage is its COIN App revenue model — real, verified income from a non-crypto consumer application. Chainlink dominates general oracle infrastructure at roughly 40x XYO’s market cap. XYO’s niche is specifically location verification, where its 10 million+ node network provides density that newer DePIN competitors cannot quickly replicate.

XYO Network (XYO) Price Today and Market Overview MetricValue (May 2026)Price~$0.0035–$0.0058Market Cap~$50–80M24h Volume~$2–11MCMC Rank~#403ATH$0.082 (Nov 2021)ATH Drop~93%Circulating Supply~13.93B XYO (fixed) As of May 2026, XYO is trading near $0.0035–$0.0058 after a significant cycle. XYO started 2026 at approximately $0.021, spiked to approximately $0.041 in early January driven by DePIN sector momentum and Layer One launch sentiment, then declined sharply to $0.004–$0.006 by February–March as the broader altcoin market corrected. DigitalCoinPrice shows XYO at $0.00348 on May 4, 2026, ranked #403.

The two most important recent events for XYO’s fundamental value:

1. Layer One blockchain (September 16, 2025) — XYO launched its own purpose-built Layer-1 blockchain, introducing a dual-token model where XYO governs the network and a new XL1 token serves as the gas layer for data transactions. The blockchain is specifically designed for data-heavy DePIN applications at scale — the first major infrastructure upgrade in XYO’s seven-year history.

2. Revolut listing (December 10, 2025) — Revolut added XYO to its platform, giving 50 million+ Revolut users access to buy, sell, and hold XYO. Revolut’s user base is predominantly non-crypto-native — a direct match for XYO’s existing 80% non-crypto user profile through COIN App. The listing represents mainstream fintech validation at a scale most DePIN projects have not achieved.

XYO Price History Snapshot PeriodPrice LevelKey Event2017LaunchXYO Network founding2020ATL $0.0000967COVID market crashNov 2021ATH $0.082Coinbase listing; bull market peak2022Bear market $0.003–$0.015Crypto winter2023Range $0.003–$0.010Slow recovery2024Range $0.010–$0.030COIN App revenue growthSep 2025Layer One launchDual-token model introducedDec 2025~$0.021Revolut listing; year opened strongJan 2026$0.041 (local high)DePIN momentum; Layer One hypeFeb–Mar 2026$0.004–$0.006Broad altcoin correctionMay 2026~$0.0035–$0.0058Current trading range XYO Price Prediction 2026 2026 sits at an inflection point for XYO. The Layer One adoption trajectory, XL1 token integration, and Revolut’s 50M user base exposure are catalysts. The headwind is significant: XL1 team token unlocks of 25.3% monthly through 2026 create dilution pressure, and the January spike to $0.041 already priced in substantial optimism before correcting 90%.

SourceLowHighNotesMEXC (5% flat)$0.0032$0.0040Flat growth modelChangelly$0.0076$0.0091Conservative monthly modelPricePrediction.net$0.0086$0.0100Technical modelCoinpaper$0.030$0.070DePIN sector growth thesisMudrex$0.045$0.105Layer One adoption + dual-tokenCoinLore$0.047$0.149Bull cycle; historical analysisBitScreener—avg $0.0382026 average with bull assumptions MEXC’s flat model ($0.0032–$0.0040) and Changelly’s $0.0076–$0.0091 stay near current prices, reflecting the weight of supply unlocks and the post-January correction. Coinpaper’s $0.030–$0.070, Mudrex’s $0.045–$0.105, and CoinLore’s $0.047–$0.149 represent the DePIN adoption bull scenario — Layer One generating measurable data transaction volume and the dual-token model creating organic XL1 demand that indirectly supports XYO governance value.

XYO Price Prediction 2027 2027 is the post-halving altcoin window. DePIN is becoming an increasingly recognized category in 2026, and by 2027, the thesis either shows verifiable traction or doesn’t.

SourceLowHighMEXC$0.0037$0.0042Changelly$0.0091$0.011BitScreener—$0.041CoinLore—~$0.162Mudrex—~$0.45 MEXC and Changelly’s conservative models stay near current prices through 2027. BitScreener’s $0.041 represents a recovery toward the January 2026 high. CoinLore’s $0.162 bull case and Mudrex’s $0.45 require XYO to capture enterprise DePIN adoption — specifically becoming embedded in AI training pipelines, autonomous vehicle mapping, supply chain tracking, and IoT verification at scale.

XYO Price Prediction 2028 2028 is the next Bitcoin halving year. XYO’s COIN App revenue and 10M+ node network provide a genuine fundamental floor that most speculative DePIN tokens lack.

SourceLowHighMEXC$0.0039$0.0044Changelly$0.0120$0.0145BitScreener—$0.013Mudrex—~$0.80 Mudrex’s $0.80 for 2028 is the aggressive bull — XYO at roughly 10x its 2021 ATH of $0.082, requiring DePIN to emerge as a dominant infrastructure category with XYO as its primary location data layer. Changelly’s $0.012–$0.014 is the moderate recovery scenario — XYO returning to its 2023 trading range during a halving-cycle altcoin recovery.

XYO Price Prediction 2029 SourceLowHighMEXC$0.0041$0.0046BitScreener—$0.021Mudrex—~$1.00 BitScreener’s $0.021 for 2029 represents XYO recovering to 2026 January levels. Mudrex’s $1 scenario requires XYO to become core infrastructure for AI data verification, autonomous systems, and Web3 applications requiring location proof — a plausible but highly contingent outcome.

XYO Price Prediction 2030 2030 is the most widely discussed long-term horizon for XYO, with the widest range of any forecast year.

SourceLowHighMEXC (5% flat)—$0.0043Changelly$0.0183$0.0220PricePrediction.net—~$0.040BitScreener$0.0055$0.028CoinLore—$0.298Mudrex$0.95$1.33CoinCodex (ceiling)—max $0.047 (lifetime) MEXC’s $0.0043 is the structural floor — near-zero appreciation over four years. Changelly’s $0.018–$0.022 and BitScreener’s $0.005–$0.028 represent conservative-to-moderate appreciation. CoinLore’s $0.298 is a significant bull scenario — XYO trading above its 2021 ATH. Mudrex’s $0.95–$1.33 is the extreme bull case, explicitly contingent on DePIN being “essential to the mainstream Web3 stack” and XYO capturing the data verification layer of a $3.5 trillion DePIN sector.

CoinCodex takes the most bearish structural view, estimating XYO’s lifetime maximum at $0.047 — treating its 13.93 billion fixed supply and competitive dynamics as permanent price ceilings. This is a credible structural bear case rather than an alarmist projection.

What Drives XYO Network (XYO)’s Price? Layer One adoption. XYO’s September 2025 Layer-1 launch is the most transformative event in its history. The dual-token model (XYO governance + XL1 gas) creates a new demand vector for both tokens — but adoption of the Layer One must generate measurable transaction volume to justify the architecture investment. Developer activity and data transaction volume are the most important leading indicators.

COIN App revenue and user growth. XYO’s $8.8 million in 2024 revenue from non-crypto users is the most unusual fundamental in the DePIN category. Growing COIN App user counts and monthly revenue are direct leading indicators for organic XYO demand — entirely independent of crypto market cycles.

XL1 token supply dynamics. The XL1 token TGE saw an 88% spike followed by a same-day reversal — a typical low-float launch pattern. Team token unlocks of 25.3% monthly through 2026 create ongoing sell pressure. Monitoring the pace and market impact of these unlocks is critical for 2026 price action.

DePIN sector adoption. XYO is the oldest and largest DePIN network by node count. As DePIN becomes a recognized investment category — attracting institutional capital through sector ETFs or dedicated funds — XYO benefits as the category pioneer with a 9-year track record.

AI data demand. XYO’s location and physical event verification infrastructure is directly relevant to AI training data quality. As demand for high-integrity, verifiable real-world training data grows, XYO’s 10 million+ node network becomes a potential supplier to AI model developers — a use case that emerged only in 2024–2025 and could scale materially by 2027–2028.

Revolut distribution. Revolut’s 50 million users are predominantly non-crypto-native — perfectly aligned with XYO’s existing user base. If Revolut’s integration drives COIN App downloads and new XYO holders, it creates the retail distribution network that most DePIN tokens lack.

Is XYO Network a Good Investment? XYO at $0.0035–$0.0058 prices a genuinely operating, revenue-generating DePIN network at a $50–80 million market cap — a significant discount to Chainlink (general oracle, $3.5B) and Helium (wireless connectivity, $800M). The project has verified $8.8M in real 2024 revenue, 10M+ nodes, and now a purpose-built Layer-1.

The fundamental case is strong by DePIN standards. The token price case is complicated by a 13.93 billion circulating supply (making percentage gains harder to sustain), XL1 team unlock dilution through 2026, and the gap between COIN App’s consumer focus and the enterprise-grade data monetization that would justify a Chainlink-scale valuation.

For investors who believe location data verification and DePIN infrastructure will be essential components of the AI and IoT economy by 2030, XYO near its 2020 support levels — with materially stronger fundamentals than in 2020 — offers speculative exposure to that thesis.

Nothing in this article constitutes financial advice. Cryptocurrency investments carry substantial risk.

Where to Buy XYO Network (XYO) Centralized exchanges (CEX):

Binance — XYO/USDT available; highest global liquidity Coinbase — XYO/USD for US users; Coinbase listing in 2021 was XYO’s primary price catalyst Kraken — XYO/USD available KuCoin — XYO/USDT with competitive fees Gate.io — XYO/USDT available globally Revolut — XYO available for 50M+ Revolut users in supported regions (listed December 2025) COIN App: XYO can be earned directly through the COIN App (iOS and Android) by passively sharing geolocation data while moving. Users accumulate COIN points that can be redeemed for XYO — the most unique acquisition method in cryptocurrency (earning by geolocation contribution rather than purchasing).

Self-custody: XYO is an ERC-20 token on Ethereum, compatible with any Ethereum wallet including MetaMask, Ledger, and Trezor. Always verify the contract address via CoinMarketCap before purchasing on a DEX.

Frequently Asked Questions What is the XYO price prediction? For 2026, forecasts range from $0.0076 (Changelly) to $0.149 (CoinLore bull). Mudrex projects $0.045–$0.105 based on Layer One adoption. MEXC's flat model stays near $0.0036–$0.0040. The base case consensus for 2026 is $0.0076–$0.010, with above-base scenarios requiring DePIN sector momentum to sustain. CoinLore's bull case of $0.149 represents a recovery to early 2026 levels — plausible but requiring broader altcoin recovery.

How high can XYO go? In an aggressive bull scenario by 2030, Mudrex projects $0.95–$1.33, contingent on DePIN becoming "essential to the mainstream Web3 stack." CoinLore's $0.298 is a moderate bull case. CoinCodex's structural ceiling is $0.047 (lifetime maximum per their algorithm). Reaching $0.082 (previous ATH) from current prices represents a roughly 20x gain and is not projected before 2028–2029 in any mainstream model.

What is XYO Network? XYO Network is a decentralized physical infrastructure network (DePIN) founded in 2017 that collects and verifies real-world geospatial location data using 10+ million nodes worldwide. Its COIN App generated $8.8M in real revenue in 2024. In September 2025, XYO launched its own Layer-1 blockchain for data applications, introducing XL1 as a gas token alongside XYO governance. Revolut listed XYO in December 2025, giving 50M+ Revolut users access to the token.

What is the XYO price prediction for 2030? The 2030 range spans from MEXC's flat $0.0043 to Mudrex's bull $1.33. Changelly projects $0.018–$0.022. PricePrediction.net targets ~$0.040. CoinLore projects $0.298. CoinCodex's lifetime ceiling is $0.047. The most cited realistic planning range is $0.018–$0.10, with the upper end requiring Layer One to generate enterprise adoption and DePIN to mature as an institutional investment category through two halving cycles.

Is XYO a good investment? XYO is one of the few DePIN tokens with verified non-speculative revenue ($8.8M in 2024), a genuine user base (10M+ nodes, 80% non-crypto users), and a purpose-built Layer-1. Key risks: 13.93 billion supply makes large nominal gains difficult; XL1 team unlock dilution through 2026 creates supply pressure; the gap between COIN App consumer engagement and enterprise-grade data monetization is the central execution challenge. For investors with DePIN conviction and 3–5 year horizons, XYO near 2020 support levels offers asymmetric exposure.ShareContentThe theoretical threat of quantum computers to Bitcoin’s cryptographic security now has a dollar figure: $469 billion. That’s the value of 6.04 million BTC, or 30.2% of the total issued supply, whose public keys are exposed on-chain today and could be exploited if a sufficiently powerful quantum compastedQuick Answer: AMP is currently trading near $0.000841, down roughly 99.3% from its June 2021 all-time high of $0.1208. Third-party forecasts for 2026 range widely — from $0.0009 on the bearish end (CoinCodex) to $0.0100 on the bullish end (PricePrediction.net) — with the base-case consensus sitting pasted

Judge Lewis Kaplan denied SBF's pro se motion for a new trial, rejected his attempt to withdraw it, and called his claims of government witness tampering entirely contradicted by the record.

Posted April 29, 2026 at 6:11 am EST.

U.S. District Judge Lewis Kaplan on Tuesday denied former FTX CEO Sam Bankman-Fried’s pro se motion for a new trial, calling the arguments “baseless on multiple independently sufficient levels” and rejecting what the judge described as a calculated effort to relitigate facts the court had already considered and excluded.

Bankman-Fried filed the motion in February, representing himself and arguing that newly discovered evidence warranted a retrial. The filing pointed to potential testimony from former FTX Digital Markets co-CEO Ryan Salame and former FTX head of data science Daniel Chapsky, both of whom did not appear at his November 2023 trial. Bankman-Fried accused the Justice Department of using threats and retaliation to keep them from testifying on his behalf. Kaplan rejected that account.

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“He could have obtained or at least sought to compel their testimony,” Kaplan said. “But he did neither. His assertion that their absence was a product of government threats and retaliation is wildly conspiratorial and entirely contradicted by the record.”

Kaplan also refused Bankman-Fried’s April 22 request to withdraw the motion before the ruling came down, citing Bankman-Fried’s request to be able to refile, which he said is not usually the case.

The judge also flagged what he called a “plan to rescue his reputation” that Bankman-Fried hatched and committed to writing after FTX declared bankruptcy but before he was indicted, citing Google documents uncovered at sentencing that outlined a detailed post-indictment media strategy.

Bankman-Fried still has a pending appeal before the Second Circuit Court of Appeals, where oral arguments were heard in November 2025. A separate request to have Kaplan removed from the case on bias grounds also remains pending.

Kripto para piyasasında gündem yaratan açıklama ünlü on-chain araştırmacısı ZachXBT’den geldi. Kripto dünyasında yaptığı detaylı zincir üstü analizlerle tanınan ZachXBT, LAB tokeni hakkında dikkat çeken iddialarda bulundu. Araştırmacı, projenin piyasa yapısının büyük ölçüde içeriden kişiler tarafından kontrol edildiğini öne sürerken, kripto para borsalarına da açık çağrı yaparak tokenin delist edilmesini istedi. ZachXBT’nin açıklamaları sonrası yatırımcılar LAB projesine yönelik riskleri yeniden tartışmaya başladı. Özellikle token arzı, yatırımcı şeffaflığı ve içeriden satış iddiaları kripto topluluğunda büyük yankı uyandırdı.

ZachXBT: LAB Token Büyük Risk Taşıyor ZachXBT tarafından paylaşılan rapora göre LAB tokeninin toplam arzının yüzde 95’ten fazlası içeriden kişiler tarafından kontrol ediliyor olabilir. Analist, bu durumun küçük yatırımcılar açısından ciddi risk oluşturduğunu savundu. Raporda ayrıca LAB tokeninin tamamen seyreltilmiş piyasa değerinin kısa sürede yaklaşık 6 milyar dolara ulaştığı belirtildi. Ancak ZachXBT, projenin arkasındaki yapının yeterince şeffaf olmadığını ve yatırımcıların gerçek dolaşımdaki arz konusunda net şekilde bilgilendirilmediğini ifade etti. Araştırmada projenin kurucuları olarak gösterilen Vova Sadkov ve Mark’ın daha önce yer aldığı Eesee projesinde de yatırımcı memnuniyetsizliği yaşandığı öne sürüldü.

İlginizi Çekebilir: Ethereum Alarm Veriyor: Yatırımcılar Tedirgin!

ZachXBT’nin raporunda en dikkat çeken detaylardan biri ise halka açık satış yatırımcılarına uygulanan kilit süresinin değiştirilmesi oldu. İddialara göre başlangıçta 3 ay olarak açıklanan kilit açılım süresi daha sonra tek taraflı şekilde 9 aya çıkarıldı. Bunun yanında proje ekibinin bazı influencerlara ve büyük yatırımcılara ayrıcalıklı davrandığı da öne sürüldü. ZachXBT, bazı tanıtım içerikleri için baskı kurulduğunu ve pazarlama ödemelerinde sorun yaşandığını iddia etti.

On-Chain Veriler Şüpheleri Artırdı On-chain verilere dayandırılan analizde proje fonlarının kişisel hesaplarla karıştırıldığı ve yüksek miktarda LAB tokenin işlem platformlarına aktarıldığı belirtildi. ZachXBT’ye göre içeriden bağlantılı cüzdanlar son dönemde yüz milyonlarca dolarlık token çekimi gerçekleştirdi. Araştırmacı, bu hareketlerin geçmişte manipülasyon suçlamalarıyla gündeme gelen bazı projelerde görülen işlemlere benzediğini ifade etti.

ZachXBT, kripto para borsalarına çağrıda bulunarak:

LAB projesi hakkında kapsamlı soruşturma yürütülmesini istedi. Araştırmacı, gerekli görülmesi halinde ilgili fonların dondurulabileceğini ve tokenin delist edilmesinin değerlendirilmesi gerektiğini söyledi.

Kripto topluluğunda büyük ses getiren bu iddiaların ardından gözler şimdi LAB ekibinden gelecek olası açıklamalara çevrildi.

Değerlendirme ZachXBT’nin LAB tokeni hakkında ortaya attığı iddialar, kripto para piyasasında şeffaflık ve yatırımcı güvenliği tartışmalarını yeniden gündeme taşıdı. Özellikle içeriden kontrol edilen arz yapısı, kilit süresi değişiklikleri ve olası manipülasyon iddiaları yatırımcıların dikkatini çekiyor. Önümüzdeki süreçte borsaların atacağı adımlar ve proje ekibinden gelecek açıklamalar, LAB tokeninin geleceği açısından kritik önem taşıyabilir.

Son Dakika kripto para haberleri için hemen tıkla.

Konu ile ilgili yorumlarınızı bize yazabilirsiniz. Ayrıca, bu tarz bilgilendirici içeriklerin devamının gelmesini isterseniz, bizleri Telegram, Youtube ve Twitter kanallarımızdan takip edebilirsiniz.

Eightcap Challenges CEO Explains How Prop Trading Is Evolving for Crypto Traders

A group of pro-crypto US senators is pushing federal banking regulators to make changes to the capital guidelines for digital assets. They say that current rules are discouraging banks from investing in the crypto space.

US Senators Request Change In Crypto Capital Laws A coalition of US Senators led by Cynthia Lummis, Bill Hagerty, Dan Sullivan, Bernie Moreno, Jon Husted, and Ted Budd wrote a letter to U.S. banking authorities. They requested to establish a new banking framework to regulate banks’ digital asset operations amid the CLARITY Act progress.

The lawmakers referenced recent guidelines on tokenized securities as an example of the law to be followed when regulating other crypto assets. “Capital treatment should reflect the risk characteristics of the underlying asset, not the technology used to record ownership,” the letter said. The senators said that the same should be true for other electronic assets.

The Basel Committee’s 2022 crypto capital framework, which gave a risk weight of 1250% to Bitcoin and some other digital assets, was a main point. The senators say that the classification “was not derived from a calibrated assessment of the actual risk profile of digital assets.”

The US Senators also pointed out the application of the law. The letter adds, “A 1,250% risk weight, multiplied by the 8% minimum capital ratio, produces a capital requirement equal to 100% of the exposure.” It effectively means that banks will be required to hold at least the same amount of capital as their holdings of digital assets.

The senators recognized the threats cryptocurrencies pose, but stated that “these risks are measurable.” Hence, the US Senators believe these could be mitigated through existing banking risk-management tools.

They also challenged the current way of treating crypto, per a post by journalist Eleanor Terrett on X. Lawmakers said that these rules have a narrow view of assets that are traded in transparent and liquid markets all over the world.

The CLARITY Act Factor In Play The push comes as the CLARITY Act gains momentum in Washington. The bill was recently placed on the Senate calendar.

Further, Senator Lummis indicated she hopes to have a vote on the Senate floor before the August recess.

Meanwhile, the US Senators also called on regulators to implement a framework. They want it to be “based on, to the extent possible, a technology-neutral approach that gives banks the authority to participate meaningfully in digital asset markets.”

For further context, the new letter follows a rise in debate regarding the CLARITY Act. JPMorgan CEO Jamie Dimon has been vocal about his opposition to the bill.

On the other hand, a new crypto PAC has joined in support of the crypto developers in Congress.

Sam Bankman-Fried officially filed for a presidential pardon Monday, even as the White House pointed back to Trump’s January statement that he has no plans to grant one.

SBF Spent A Year Courting Trump On X And Got Nothing BackBankman-Fried submitted his application through the Justice Department’s Office of the Pardon Attorney, the standard federal channel used by thousands of people annually. 

Over the past year, the 34-year-old has been active on X, publicly praising Trump’s actions including the pardon of former Honduran President Juan Orlando Hernández, in what appeared to be a deliberate effort to attract executive attention.

The strategy has not worked. Trump told the New York Times in January he had no plans to pardon Bankman-Fried. 

When asked Monday about the formal filing, a White House spokesperson simply pointed back to those same January comments without offering anything new.

Bankman-Fried was convicted in 2023 on multiple fraud and conspiracy charges for stealing billions in customer funds from FTX. 

He received a 25-year sentence in 2024 and currently sits at a low-security federal facility in Santa Barbara, California, while his conviction appeal remains active.

Drake Called For His Release, FTX Advisor Settled For $54MThe pardon filing comes amid broader FTX-related developments keeping the case in the news. 

In May, rapper Drake demanded Bankman-Fried’s release in a track called “Dust” off his album “Iceman,” rapping references to the FTX penthouse and expressing direct support.

Around the same time, former FTX legal advisor Fenwick settled for $54 million over allegations the law firm aided and abetted the fraud. 

Fenwick settled without admitting wrongdoing. A separate bid by Bankman-Fried for a new trial was dismissed by a judge who labeled the new evidence as “wildly conspiratorial.”

Why This Matters For Crypto MarketsA pardon would carry no direct price impact but holds symbolic weight for crypto regulation narratives. 

Trump’s second term has already delivered the GENIUS Act, the Strategic Bitcoin Reserve, and the push for the CLARITY Act.

Granting clemency to the man who triggered the 2022 crypto winter would send a very different kind of signal.

Prediction markets are skeptical, with Polymarket giving a pardon before 2027 only a 13% chance.

Image: Shutterstock

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The disgraced FTX founder, serving a 25-year prison sentence for a multi-count fraud conviction, has filed his first formal post-sentencing legal move requesting a Trump pardon.

Posted June 9, 2026 at 5:56 am EST.

Sam Bankman-Fried, the disgraced FTX founder serving a 25-year prison sentence, has officially filed a request for a presidential pardon with the Trump White House, according to a Monday court filing first reported by CoinDesk.

The petition is Bankman-Fried’s first publicly disclosed post-sentencing legal move. He was convicted in November 2023 on seven counts, including two counts of wire fraud, two counts of wire fraud conspiracy, conspiracy to commit money laundering, conspiracy to commit securities fraud, and conspiracy to commit commodities fraud. Judge Lewis Kaplan sentenced him in March 2024 to 25 years in federal prison, ordering forfeiture of approximately $11 billion in assets. Bankman-Fried is currently held at FCI Terminal Island in California after being transferred from a Brooklyn detention facility.

This story is an excerpt from the Unchained Daily newsletter.

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The pardon request lands during a period of unusually active presidential clemency activity around crypto figures. President Trump pardoned Silk Road founder Ross Ulbricht in January 2025, fulfilling a 2024 campaign promise. He has also issued clemency or signaled openness toward additional crypto-related cases, including the BitMEX founders. Bankman-Fried’s family has reportedly retained Republican-aligned lobbyists in recent months. His father, Joseph Bankman, and mother, Barbara Fried, both Stanford law professors, have publicly advocated for sentencing reform and reduced terms for non-violent financial crimes.

Bankman-Fried’s case differs structurally from Ulbricht’s. The FTX collapse caused roughly $8 billion in customer losses, with funds traced through Alameda Research used for political donations, real estate, sports sponsorships, and venture investments. The sentencing judge cited Bankman-Fried’s “exceptional flexibility with the truth” during trial testimony as an aggravating factor. By contrast, Ulbricht’s case involved a marketplace facilitating illegal drug sales but no direct misappropriation of customer assets.

The political dimension is real. Bankman-Fried was a major Democratic donor before his arrest, having contributed approximately $40 million to Democratic candidates and PACs during the 2022 cycle. 

He also testified in early 2024 about additional planned Republican donations he had concealed at the time. Whether the Trump administration’s crypto-friendly stance extends to pardoning the figure responsible for the industry’s most damaging fraud will be a test of where the boundaries fall. No timeline has been set for a White House response.

Related Listen: What Two DOJ Cases Reveal About the Legal Risks of Prediction Markets: Bits + Bips

Analyst: Micron's earnings boost overall market sentiment for the tech sector

Chris Strazzeri, Financial Trading Manager of Moomoo’s Australia and New Zealand branch, stated: “The targeted sell-off indicates that following a sustained, strong rally in AI-related and speculative growth stocks, investors are enforcing strict valuation discipline. This serves as a warning to the market that actual earnings levels must now rise to support the currently overvalued price-to-earnings ratio. Micron Technology’s post-market earnings results largely confirm this, and its robust performance has lifted overall market sentiment in the tech sector.”

4 minutes ago

2x Leveraged Long DRAM ETF (RAM) Records $383 Million in Trading Volume on Its First Day of Listing

According to Bitget market data, the Roundhill T-REX 2X Long DRAM Daily Target ETF (Nasdaq ticker: RAM) officially launched trading yesterday. On its first trading day, the fund recorded a total turnover of $383 million, and rose 29.47% in after-hours U.S. stock trading to hit $30.8. Note: RAM’s underlying exposure covers companies engaged in memory-related technologies, including DRAM, NAND and storage solutions, targeting active traders seeking leveraged exposure to the memory chip theme and artificial intelligence infrastructure development.

4 minutes ago

BCA Research raises its S&P 500 target to 8,100 points, with AI remaining a core variable.

BCA Research has become the latest strategy firm to raise its US stock market target, reflecting Wall Street’s growing optimism about earnings support for US equities in the second half of the year. The institution lifted its year-end S&P 500 target from 7,700 points to 8,100 points. BCA’s core view is that first-quarter corporate earnings exceeded expectations in both strength and breadth, and the US economy has re-entered an expansion phase. Similar to JPMorgan Chase, BCA believes this stock rally is not only driven by valuation expansion—earnings themselves are delivering the index’s gains. AI remains the core variable in this assessment. Large tech firms including Alphabet, Microsoft, Amazon, Meta and Oracle continue to increase capital spending on data centers and AI infrastructure, driving growth in orders for chips, servers, construction, power and related industrial chains. This provides a clearer fundamental basis for upward revisions to 2026 and 2027 earnings. The institution points out that risks exist: the earnings expansion brought by AI investments has already been quickly priced into the market. If subsequent returns on capital spending are questioned, or interest rates remain elevated, further upside for the index will require more earnings confirmation rather than relying solely on investor risk appetite.

4 minutes ago

Tom Lee: Markets have nearly priced in two interest rate hikes from the Federal Reserve this year, and the rise in US Treasury yields is weighing on market sentiment.

Tom Lee said the market is still digesting Kevin Warsh’s remarks from his first press conference last week and repricing the macro environment. Over the past week, oil prices have pulled back, with war premiums contracting. Current oil prices are not far from the roughly $65 level seen before the conflict, indicating the market views related war risks as declining. On the other hand, 10-year U.S. Treasury yields continue to rise, now around 4.5%, higher than the pre-conflict level of roughly 4.2%. The main headwind the market has faced recently has shifted from oil prices to yields. Tom Lee noted that the market is not only focused on 10-year U.S. Treasury yields but also starting to price in potential additional interest rate hikes from the Federal Reserve. According to federal funds futures, the market is currently pricing in nearly two rate hikes this year. Bank of America further projected today that the Fed will raise rates three times this year, in September, October, and December respectively. Jeffrey Gundlach often emphasizes the importance of monitoring 2-year U.S. Treasury yields, as they typically lead the Fed and signal the central bank’s policy direction. Between 2023 and 2025, the relationship between 2-year U.S. Treasury yields and the federal funds rate indicated that the Fed’s policy was overly tight, requiring interest rate cuts. However, this relationship has recently reversed, meaning the Fed would need two rate hikes to catch up with 2-year U.S. Treasury yields. He believes that, at least for now, yields have become a headwind for the market.

4 minutes ago

Japan and South Korea's stock markets closed higher across the board, with Japan's stock market hitting a new closing high.

According to Bitget market data, the Nikkei 225 index closed up 3,191.37 points, or 4.61%, at 72,366.34 points on Thursday, June 25, hitting a new all-time closing high. South Korea’s KOSPI index rose 459.76 points (5.43%) to end at 8,930.78 points; SK Hynix surged 13% while Samsung Electronics gained more than 5%.

4 minutes ago

A newly created wallet withdrew 17,675 ETH from Binance, valued at $28.58 million.

According to monitoring by Onchain Lens, a newly created wallet withdrew 17,675 ETH from Binance, valued at $28.58 million.

4 minutes ago

Analyst: Micron's earnings boost overall market sentiment for the tech sector

Chris Strazzeri, Financial Trading Manager of Moomoo’s Australia and New Zealand branch, stated: “The targeted sell-off indicates that following a sustained, strong rally in AI-related and speculative growth stocks, investors are enforcing strict valuation discipline. This serves as a warning to the market that actual earnings levels must now rise to support the currently overvalued price-to-earnings ratio. Micron Technology’s post-market earnings results largely confirm this, and its robust performance has lifted overall market sentiment in the tech sector.”

3 minutes ago

2x Leveraged Long DRAM ETF (RAM) Records $383 Million in Trading Volume on Its First Day of Listing

According to Bitget market data, the Roundhill T-REX 2X Long DRAM Daily Target ETF (Nasdaq ticker: RAM) officially launched trading yesterday. On its first trading day, the fund recorded a total turnover of $383 million, and rose 29.47% in after-hours U.S. stock trading to hit $30.8. Note: RAM’s underlying exposure covers companies engaged in memory-related technologies, including DRAM, NAND and storage solutions, targeting active traders seeking leveraged exposure to the memory chip theme and artificial intelligence infrastructure development.

3 minutes ago

BCA Research raises its S&P 500 target to 8,100 points, with AI remaining a core variable.

BCA Research has become the latest strategy firm to raise its US stock market target, reflecting Wall Street’s growing optimism about earnings support for US equities in the second half of the year. The institution lifted its year-end S&P 500 target from 7,700 points to 8,100 points. BCA’s core view is that first-quarter corporate earnings exceeded expectations in both strength and breadth, and the US economy has re-entered an expansion phase. Similar to JPMorgan Chase, BCA believes this stock rally is not only driven by valuation expansion—earnings themselves are delivering the index’s gains. AI remains the core variable in this assessment. Large tech firms including Alphabet, Microsoft, Amazon, Meta and Oracle continue to increase capital spending on data centers and AI infrastructure, driving growth in orders for chips, servers, construction, power and related industrial chains. This provides a clearer fundamental basis for upward revisions to 2026 and 2027 earnings. The institution points out that risks exist: the earnings expansion brought by AI investments has already been quickly priced into the market. If subsequent returns on capital spending are questioned, or interest rates remain elevated, further upside for the index will require more earnings confirmation rather than relying solely on investor risk appetite.

3 minutes ago

Tom Lee: Markets have nearly priced in two interest rate hikes from the Federal Reserve this year, and the rise in US Treasury yields is weighing on market sentiment.

Tom Lee said the market is still digesting Kevin Warsh’s remarks from his first press conference last week and repricing the macro environment. Over the past week, oil prices have pulled back, with war premiums contracting. Current oil prices are not far from the roughly $65 level seen before the conflict, indicating the market views related war risks as declining. On the other hand, 10-year U.S. Treasury yields continue to rise, now around 4.5%, higher than the pre-conflict level of roughly 4.2%. The main headwind the market has faced recently has shifted from oil prices to yields. Tom Lee noted that the market is not only focused on 10-year U.S. Treasury yields but also starting to price in potential additional interest rate hikes from the Federal Reserve. According to federal funds futures, the market is currently pricing in nearly two rate hikes this year. Bank of America further projected today that the Fed will raise rates three times this year, in September, October, and December respectively. Jeffrey Gundlach often emphasizes the importance of monitoring 2-year U.S. Treasury yields, as they typically lead the Fed and signal the central bank’s policy direction. Between 2023 and 2025, the relationship between 2-year U.S. Treasury yields and the federal funds rate indicated that the Fed’s policy was overly tight, requiring interest rate cuts. However, this relationship has recently reversed, meaning the Fed would need two rate hikes to catch up with 2-year U.S. Treasury yields. He believes that, at least for now, yields have become a headwind for the market.

3 minutes ago

Japan and South Korea's stock markets closed higher across the board, with Japan's stock market hitting a new closing high.

According to Bitget market data, the Nikkei 225 index closed up 3,191.37 points, or 4.61%, at 72,366.34 points on Thursday, June 25, hitting a new all-time closing high. South Korea’s KOSPI index rose 459.76 points (5.43%) to end at 8,930.78 points; SK Hynix surged 13% while Samsung Electronics gained more than 5%.

3 minutes ago

A newly created wallet withdrew 17,675 ETH from Binance, valued at $28.58 million.

According to monitoring by Onchain Lens, a newly created wallet withdrew 17,675 ETH from Binance, valued at $28.58 million.

3 minutes ago

An XRP holder has lost 14,646 XRP, worth about $16,800, after falling victim to a payment request scam on the XRP Ledger (XRPL). 

The incident has sparked interest in the XRP community, as a fraudulent transaction request disguised as a verification prompt. Notably, the scam involved a transaction with the hash “84AFDEB4…FBA5FD.”

Fake XRP Rewards Offer Tricked Victim The victim was attracted by a promise of “10% monthly rewards” and a memo attached to the transaction request that read, “Safe XRPL verify message.”

However, the word “Safe” gave the transaction no legitimacy. A scammer created the memo to make the request appear official and trustworthy.

The victim eventually approved the pre-filled transaction request. As a result, 14,646 XRP was sent to the address “rNVdQM2A…wwbmH3,” which has since been flagged as fraudulent on XRPL explorers.

How XRPL Payment Requests Work Meanwhile, payment requests are a legitimate feature on the XRP Ledger. They are supported by wallets such as Xaman and allow users to receive pre-filled payment requests through links or QR codes.

These requests include a destination address, payment amount, and an optional memo. Users normally review the details and approve the transaction if everything looks correct.

The feature is common for invoices, peer-to-peer payments, and tipping. However, scammers abuse it by creating requests that imitate verification messages or reward programs.

Always Double-Check Transactions Following the incident, XRP community members urged users to be extra cautious. They noted that terms like “safe,” “verify,” or “reward” do not prove a transaction is legitimate.

Users should also verify destination addresses through blockchain explorers such as Bithomp or XRPScan before signing any transaction.

Investors should also avoid unsolicited links and offers promising unusually high returns. Notably, legitimate projects rarely require users to send XRP first in exchange for rewards or account verification.

The incident is another reminder that blockchain transactions are irreversible. A single mistaken approval permanently transfers funds to scammers.

Reacting to the incident, X user Wade Canell disclosed he traced his stolen assets to a specific exchange account and provided the information to law enforcement. According to the comment, efforts to have the funds frozen were unsuccessful, and the user expressed frustration with the response from local authorities.

Another user, Agent_Sam20, said he previously lost 40,000 XRP in a scam and urged others to carefully review every transaction before approving it. He noted that while stolen funds are traceable on-chain, recovery is far from guaranteed, even when incidents are reported quickly.

Reactions from community members DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

TL;DR 0x is opening Swap API access to AI agents through a pay-per-request model. The setup uses USDC and the HTTP 402 payment concept to remove traditional API keys and subscriptions. The move shows how crypto payments may become invisible infrastructure for autonomous software. AI Agents Get A DeFi Payment Rail 0x Protocol is opening its Swap API to AI agents through a pay-per-request model that uses USDC, giving autonomous software a way to access decentralized liquidity without traditional API accounts, subscriptions or manual billing flows.

The development sits at the intersection of two fast-moving themes: AI agents and crypto payments. Instead of a company signing up for an API key and paying an invoice, an agent can theoretically pay for a request directly from a wallet. That is a small technical shift, but it hints at a larger change in how software may pay for services online.

Why HTTP 402 Matters The idea leans on the long-dormant HTTP 402 “Payment Required” concept. In practice, the web never widely adopted native machine payments. Crypto rails, especially stablecoins, give developers a way to revisit that model because small payments can be settled programmatically and globally.

For DeFi, the application is straightforward. An agent that needs a token quote, route or swap can pay a tiny fee in USDC per request. That reduces friction for builders who do not want enterprise contracts, and it may make API access more modular for bots, wallets, trading tools and agentic workflows.

Still Early, But Strategically Important This is still an early infrastructure story rather than evidence of mass AI-agent trading. Developers will need to manage security, permissioning, wallet controls and payment reliability before autonomous agents can safely interact with financial APIs at scale.

Even so, the direction is notable. Crypto’s strongest AI-adjacent use case may not be tokens branded around artificial intelligence. It may be stablecoin payments and wallet-based identity quietly powering machine-to-machine commerce in the background.

This coverage is based on information from Crypto Briefing.

This article was written by the News Desk and edited by Samuel Rae.

Analyst: Micron's earnings boost overall market sentiment for the tech sector

Chris Strazzeri, Financial Trading Manager of Moomoo’s Australia and New Zealand branch, stated: “The targeted sell-off indicates that following a sustained, strong rally in AI-related and speculative growth stocks, investors are enforcing strict valuation discipline. This serves as a warning to the market that actual earnings levels must now rise to support the currently overvalued price-to-earnings ratio. Micron Technology’s post-market earnings results largely confirm this, and its robust performance has lifted overall market sentiment in the tech sector.”

3 minutes ago

2x Leveraged Long DRAM ETF (RAM) Records $383 Million in Trading Volume on Its First Day of Listing

According to Bitget market data, the Roundhill T-REX 2X Long DRAM Daily Target ETF (Nasdaq ticker: RAM) officially launched trading yesterday. On its first trading day, the fund recorded a total turnover of $383 million, and rose 29.47% in after-hours U.S. stock trading to hit $30.8. Note: RAM’s underlying exposure covers companies engaged in memory-related technologies, including DRAM, NAND and storage solutions, targeting active traders seeking leveraged exposure to the memory chip theme and artificial intelligence infrastructure development.

3 minutes ago

BCA Research raises its S&P 500 target to 8,100 points, with AI remaining a core variable.

BCA Research has become the latest strategy firm to raise its US stock market target, reflecting Wall Street’s growing optimism about earnings support for US equities in the second half of the year. The institution lifted its year-end S&P 500 target from 7,700 points to 8,100 points. BCA’s core view is that first-quarter corporate earnings exceeded expectations in both strength and breadth, and the US economy has re-entered an expansion phase. Similar to JPMorgan Chase, BCA believes this stock rally is not only driven by valuation expansion—earnings themselves are delivering the index’s gains. AI remains the core variable in this assessment. Large tech firms including Alphabet, Microsoft, Amazon, Meta and Oracle continue to increase capital spending on data centers and AI infrastructure, driving growth in orders for chips, servers, construction, power and related industrial chains. This provides a clearer fundamental basis for upward revisions to 2026 and 2027 earnings. The institution points out that risks exist: the earnings expansion brought by AI investments has already been quickly priced into the market. If subsequent returns on capital spending are questioned, or interest rates remain elevated, further upside for the index will require more earnings confirmation rather than relying solely on investor risk appetite.

3 minutes ago

Tom Lee: Markets have nearly priced in two interest rate hikes from the Federal Reserve this year, and the rise in US Treasury yields is weighing on market sentiment.

Tom Lee said the market is still digesting Kevin Warsh’s remarks from his first press conference last week and repricing the macro environment. Over the past week, oil prices have pulled back, with war premiums contracting. Current oil prices are not far from the roughly $65 level seen before the conflict, indicating the market views related war risks as declining. On the other hand, 10-year U.S. Treasury yields continue to rise, now around 4.5%, higher than the pre-conflict level of roughly 4.2%. The main headwind the market has faced recently has shifted from oil prices to yields. Tom Lee noted that the market is not only focused on 10-year U.S. Treasury yields but also starting to price in potential additional interest rate hikes from the Federal Reserve. According to federal funds futures, the market is currently pricing in nearly two rate hikes this year. Bank of America further projected today that the Fed will raise rates three times this year, in September, October, and December respectively. Jeffrey Gundlach often emphasizes the importance of monitoring 2-year U.S. Treasury yields, as they typically lead the Fed and signal the central bank’s policy direction. Between 2023 and 2025, the relationship between 2-year U.S. Treasury yields and the federal funds rate indicated that the Fed’s policy was overly tight, requiring interest rate cuts. However, this relationship has recently reversed, meaning the Fed would need two rate hikes to catch up with 2-year U.S. Treasury yields. He believes that, at least for now, yields have become a headwind for the market.

3 minutes ago

Japan and South Korea's stock markets closed higher across the board, with Japan's stock market hitting a new closing high.

According to Bitget market data, the Nikkei 225 index closed up 3,191.37 points, or 4.61%, at 72,366.34 points on Thursday, June 25, hitting a new all-time closing high. South Korea’s KOSPI index rose 459.76 points (5.43%) to end at 8,930.78 points; SK Hynix surged 13% while Samsung Electronics gained more than 5%.

3 minutes ago

A newly created wallet withdrew 17,675 ETH from Binance, valued at $28.58 million.

According to monitoring by Onchain Lens, a newly created wallet withdrew 17,675 ETH from Binance, valued at $28.58 million.

3 minutes ago

PANews reported on June 3rd that BNB Chain, in collaboration with CoinMarketCap and Trust Wallet, launched the "BNB Hack: AI Trading Agent Season," running from June 3rd to 21st with a total prize pool of $36,000. The competition is divided into two tracks: Track 1 focuses on building an intelligent agent capable of autonomously executing trades on BSC, and Track 2 focuses on building CMC Skills based on CoinMarketCap data to generate trading strategies. Track 1 will be ranked by live trading PnL and total return rate under maximum drawdown limits; Track 2 and the special award will be judged by judges based on four criteria: technical execution, creativity, application value, and live demonstration. Finalist projects will also receive CMC API points, Trust Wallet inclusion eligibility, eligibility to apply for the BNB Chain Accelerator Program, and one-on-one mentorship from three third-party mentors.

TLDR: Table of Contents

TLDR:How the Intents Model Simplifies Cross-Chain TransactionsFee Data Reflects Wide Integration Across the EcosystemPrice Structure and Market Sentiment Around NEAR NEAR Intents has surpassed $20B in cumulative volume, driven by solver-based cross-chain routing. SwapKit generated $26.6M of $34.4M in total fees recorded across the NEAR Intents protocol. Wallets including Ledger, Trust Wallet, and Brave are already routing user transactions via NEAR. Confidential Intents recorded $22.6M in TVL within two months of launching on the NEAR network. NEAR Intents has crossed $20 billion in cumulative volume, marking a notable milestone for the protocol’s cross-chain infrastructure.

The platform routes transactions across major networks including Ethereum, Solana, Tron, Base, BNB Chain, and Zcash. A growing list of wallets and swap protocols already directs user flow through NEAR’s settlement layer.

The architecture removes much of the friction traditionally associated with moving assets between blockchains, drawing attention from analysts tracking on-chain activity.

How the Intents Model Simplifies Cross-Chain Transactions NEAR Intents operates on a solver-based model that replaces the conventional multi-step bridging process. Users sign a single intent rather than selecting a chain, bridge, DEX, gas token, and transaction route manually. Solvers then compete to fill that intent at the best available price and path.

Once a solver identifies the optimal route, NEAR’s verifier settles the state change atomically. If the intent cannot be filled under the stated conditions, the transaction does not execute. This design removes execution risk for end users who only need to specify the desired outcome.

As crypto analyst Karamata noted on X, solvers can access CEX liquidity, DEX liquidity, off-chain inventory, and bridges simultaneously.

That access is not constrained to a single liquidity pool, which gives the system broader reach than traditional DEX routing.

Fee Data Reflects Wide Integration Across the Ecosystem SwapKit has emerged as the largest contributor to NEAR Intents fee volume, generating $26.6 million of the total $34.4 million recorded so far. Every application built on the SwapKit SDK gains access to NEAR Intents liquidity by default.

That integration has significantly broadened the protocol’s user base without requiring direct adoption from end users.

Other contributors include Zodl/Zashi with approximately $3.6 million in fees, alongside routing from Ledger, ShapeShift, Rango Exchange, Thorwallet, Brave, Cake Wallet, Trust Wallet, Bitget Wallet, OpenOcean, Rubic, Li.Fi, KyberNetwork, and StableFlow.

The breadth of integrations suggests the protocol is already embedded in mainstream crypto workflows. Many users routing swaps through these platforms may be interacting with NEAR infrastructure without knowing it.

Confidential Intents, a newer feature, has also gained early traction. The privacy-focused layer accumulated $22.6 million in total value locked within two months of going live. That pace points to demand for on-chain privacy features as the cross-chain space matures.

Price Structure and Market Sentiment Around NEAR On the price side, NEAR has pulled back nearly 35% from recent local highs amid broader market weakness. Analyst @speartrades_app pointed out that the chart structure remains relatively intact despite the decline.

A specific support zone, described as a purple region on the chart, has consistently attracted buyers throughout this cycle.

$NEAR has corrected nearly 35% from local highs.

Despite the panic, the chart remains surprisingly clean.

The purple zone continues to act as a major support level that has repeatedly attracted buyers throughout this cycle.

As long as NEAR holds this region, the current move… pic.twitter.com/F5ngr7JlJl

— SpearTrades (@speartrades_app) June 5, 2026

As long as NEAR holds above that support level, the correction can be read as a normal retracement alongside Bitcoin’s broader pullback.

A decisive breakdown below that level, however, could shift market sentiment and trigger a deeper move lower. Traders are watching the zone closely for the next directional cue.

Beyond price, the protocol is moving into its next phase through Confidential Intents. The feature recorded $22.6 million in confidential TVL within just two months of going live.

If cross-chain privacy becomes a standard expectation, NEAR’s infrastructure positions it early in that market.

Binance just made it possible to trade tokenized versions of Nvidia and Tesla stock at 3 a.m. on a Sunday. The exchange launched bStocks on June 10, bringing 24/7 on-chain trading of 1:1-backed US equity tokens to BNB Chain, with full withdrawal support to self-custody wallets like Trust Wallet.

The initial lineup includes five tokens: NVDAB (Nvidia), TSLAB (Tesla), CRCLB (Circle), MUB (Micron), and SNDKB (SanDisk). Each token is backed one-to-one by the underlying US equity, held through Binance’s brokerage framework and structured via an Abu Dhabi-based Special Purpose Vehicle.

How bStocks actually works Binance purchases the actual shares, locks them under a regulated SPV in Abu Dhabi, and issues corresponding tokens on BNB Chain. When you buy TSLAB, there’s a real Tesla share sitting in custody backing it up.

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The zero-fee structure is the attention-grabber here. Traditional brokerages have largely moved to commission-free trading for US equities, but adding 24/7 availability and near-instant on-chain settlement is a different proposition entirely. No waiting for T+1 clearing. No market hours. No weekends off.

Users can withdraw their tokenized equities to Trust Wallet, meaning the tokens live in a wallet the user controls rather than sitting on a centralized exchange.

Building on a tokenized foundation bStocks didn’t appear out of nowhere. Back in late April 2026, BNB Chain saw the deployment of xStocks, which brought over 50 tokenized assets on-chain with plans to add more than 100 additional assets shortly after. Earlier in June 2026, Binance also rolled out zero-commission trading of over 7,000 US stocks and ETFs for eligible non-US users. bStocks takes the next logical step by pushing those assets onto the blockchain itself.

The choice of Abu Dhabi as the regulatory home for the SPV structure is deliberate. The UAE has positioned itself as one of the more crypto-accommodating jurisdictions globally, and Binance has been building its presence there for years.

What this means for investors The pitch is straightforward. If you’re a non-US investor who wants exposure to major US equities without dealing with traditional brokerage infrastructure, bStocks removes several layers of friction. No commissions, no market hour restrictions, and the ability to hold your stock tokens in a self-custody wallet alongside your crypto holdings.

The 1:1 backing depends entirely on the integrity and solvency of the custodial structure and the Abu Dhabi SPV. If anything goes sideways with the custodian or Binance’s brokerage operations, token holders could find their “stock” is worth considerably less than the underlying share.

The initial five tokens are a conservative starting lineup, all recognizable names that crypto-native investors already follow. If bStocks grows to match the scale of the 7,000-plus equities already available on Binance’s traditional trading product, it could become one of the most significant real-world asset deployments in DeFi history.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.

Key Highlights Table of Contents

Key HighlightsTrust Wallet Integration Opens New Channels for bStocks DistributionMajor Tech Stocks Enter Non-Custodial Wallet EcosystemTokenized Equities Gain Access to Decentralized Finance ProtocolsGet 3 Free Stock Ebooks Trust Wallet integration enables direct access to tokenized Tesla and Nvidia securities

Round-the-clock trading available for bStocks through BNB Chain network

Self-custody wallets now support tokenized representations of major US stocks

Initial launch features Tesla and Nvidia among five tokenized equities

Integration bridges traditional stock markets with decentralized finance protocols

Binance has taken its bStocks initiative into the self-custody realm by integrating tokenized versions of Tesla and Nvidia securities into Trust Wallet. This development provides qualified users with unmediated access to blockchain-based US equity tokens through BNB Chain infrastructure. The integration marks a significant step in Binance’s broader strategy to merge traditional securities with decentralized platforms.

Trust Wallet Integration Opens New Channels for bStocks Distribution Trust Wallet has incorporated support for bStocks, enabling users to interact with digitized representations of specific American securities. Qualified participants can now obtain these assets directly via the wallet interface without requiring conventional brokerage services. The implementation additionally enables direct token swaps using USDT as the base currency.

The initial asset selection encompasses TSLAB, NVDAB, CRCLB, MUB, and SNDKB. These digital tokens mirror the performance of Tesla, Nvidia, Circle Internet Group, Micron Technology, and SanDisk Corporation respectively. Additional asset classes are scheduled for integration following the completion of this preliminary deployment.

This release builds upon Binance’s ongoing tokenized equity initiative on BNB Chain infrastructure. The company unveiled bStocks on June 10 with comprehensive withdrawal capabilities to non-custodial wallet solutions. Trust Wallet integration now provides users with an additional pathway for direct asset management and utilization.

Major Tech Stocks Enter Non-Custodial Wallet Ecosystem The bStocks product delivers financial exposure to American equities through blockchain-native token mechanisms. These digital instruments mirror price fluctuations, dividend distributions, and corporate restructuring events from their corresponding securities. All corporate actions execute automatically without requiring manual user intervention.

Binance maintains a one-to-one reserve ratio between each token and its underlying equity through its brokerage infrastructure. The actual shares remain held within an Abu Dhabi-domiciled special purpose vehicle. This framework enables the token mechanism while establishing connectivity between publicly traded companies and BNB Chain.

The arrangement fundamentally alters user engagement with equity instruments. Participants can maintain TSLAB or NVDAB within Trust Wallet alongside cryptocurrency holdings. Additionally, they can execute transactions beyond traditional market operating hours since the tokens function within blockchain infrastructure.

Tokenized Equities Gain Access to Decentralized Finance Protocols The Trust Wallet integration provides bStocks with immediate connectivity to BNB Chain’s decentralized finance landscape. Users can exchange supported tokens through PancakeSwap and Aster platforms. They can also deploy them across credit protocols including Venus and Lista DAO.

This interoperability distinguishes the offering from traditional brokerage services. Participants can deploy tokenized securities throughout DeFi infrastructure while continuing to receive associated dividend payments. The architecture also maintains custody within user-controlled wallets rather than centralized platforms.

The rollout follows previous tokenized asset developments across BNB Chain. The xStocks platform introduced over 50 tokenized assets to the blockchain in April 2026. Binance separately launched commission-free trading for thousands of American stocks and ETFs for eligible international users.

bStocks now establish a more defined connection between equity markets and blockchain-based financial systems. The initial deployment focuses on five prominent corporations that already command substantial market attention. Future asset additions could significantly expand the function of tokenized securities throughout self-custody and decentralized finance environments.

Oliver Dale

Editor-in-Chief of Blockonomi and founder of Kooc Media, A UK-Based Online Media Company. Believer in Open-Source Software, Blockchain Technology & a Free and Fair Internet for all. His writing has been quoted by Nasdaq, Dow Jones, Investopedia, The New Yorker, Forbes, Techcrunch & More. Contact [email protected]

Five tokenized U.S. stocks are currently accessible at the time of launch. From the very beginning, users will be able to put their bStocks to use throughout the whole DeFi ecosystem of BNB Chain. Through a self-custodial experience, Trust Wallet, the premier self-custody cryptocurrency wallet in the world, has announced that it will now offer bStocks. This will provide users with direct access to tokenized U.S. stocks on BNB Chain. It is now possible for customers who meet the requirements to access tokenized securities around the clock, straight from their wallets, and without the need for a conventional brokerage account.

Five tokenized U.S. stocks are currently accessible at the time of launch. These securities are TSLAB (Tesla), CRCLB (Circle Internet Group), MUB (Micron Technology), SNDKB (SanDisk Corporation), and NVDAB (NVIDIA). Additional assets are expected to be released in the near future. Through the use of USDT, users are able to instantly convert into bStocks inside Trust Wallet.

The bStocks are tokenized securities that are hosted on the BNB Chain. They provide economic exposure to U.S.-listed shares by automatically processing price changes, dividends, and stock splits. The user is not needed to take any action in order to get this exposure.

From the very beginning, users will be able to put their bStocks to use throughout the whole DeFi ecosystem of BNB Chain. This includes lending on Venus and Lista DAO, trading on PancakeSwap and Aster, and more. All of this will be possible as they continue to receive dividends on the underlying security. We respect the self-custodial architecture of Trust Wallet, therefore there is no need for Know Your Customer.

On the addition of bStocks, Felix Fan, CEO of Trust Wallet, said:

“Stocks are one of the most popular financial assets in the world, and yet for too many people, the barriers to accessing them are still enormous. bStocks on Trust Wallet is a meaningful step toward removing those barriers – direct access to tokenized U.S. securities, 24/7, self-custodied, and composable across DeFi. And this is just the beginning, bStocks won’t be the last step in that direction.”

The arrival of bStocks is Trust Wallet’s most recent foray into the realm of real-world assets onchain. Trust Wallet is now in the process of developing the self-custody interface in order to facilitate the accessibility of tokenized stocks and other conventional financial instruments as they continue to migrate onto public blockchain blockchains. The Trust Wallet platform is now offering bStocks to users that meet the requirements.

Disclaimer 
Please note that Stocks Tokenized Securities are categorized as Certificates that represent certain Financial Instruments (according to paragraph 92 of Schedule 1 to FSMR). By definition, bStocks are not stocks or shares, and holders of bStocks are not permitted to directly own a share or stock in the firm that is listed as the underlying corporation. It is only in the ADGM that stocks are made available for purchase via an Approved Prospectus; they are not made available in any other jurisdiction. Securities that have been tokenized are only offered on a secondary market basis to users who are qualified and who reside in areas that are authorized. Legal, regulatory, operational, sanctions, tax, market, or risk-control factors may cause changes in product availability at any moment. These changes may occur for a variety of reasons. Once you have passed an eligibility check, you do not automatically have the right to continue using the service. Those terms are not within Trust Wallet’s control, and the company does not make any promises or assurances about them. bStocks are not accessible for purchase or sale in specific locations, such as the United States of America, the United Kingdom, or the European Union.

Furthermore, they are not permitted to be offered for sale, sold, or delivered to any “U.S. Person.” Before moving on, it is solely your duty to check if the accessing and trading of tokenized securities is legal in the country in which you reside. The fact that you are accessing this product from a country in which it is restricted or forbidden does not in any way establish any duty or obligation on the part of Trust Wallet.

It is merely for general information that this material is provided. The information that is provided in conjunction with tokenized securities is not meant to be construed as an offer, solicitation, promotion, recommendation, or invitation to purchase or sell shares in any jurisdiction. bStocks are susceptible to a variety of risks, including liquidity risk, issuer risk, custody risk, broker risk, operational risk, technological risk, regulatory risk, tax risk, fees, withholding, transfer limitations, and the possibility of losing the whole investment. bStocks do not reflect ownership of the underlying asset’s issuer, nor do they even have any kind of link with the issuer. Invariably, DYOR. With assistance from external parties. Your use of Trust Wallet is subject to the Terms of Service, which can be found at https://trustwallet.com/terms-of-service.

Trust Wallet is a Web3 wallet and gateway that provides users with the ability to completely own, manage, and utilize the power of their digital assets. It is a secure wallet that allows users to do so on their own. In a single location and without any restrictions, Trust Wallet makes it simpler, more secure, and more convenient for millions of people all over the globe to experience Web3, use decentralized applications (dApps) in a secure manner, store and manage their cryptocurrency, purchase, trade, and stake cryptocurrency in order to receive rewards. This is true for both novice and expert users alike.

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