Cryptocurrency
Solana Rallies on SpaceX Token Launch as Bulls Challenge Bearish Trend
Solana climbed 3.38% to reach $67.73, marking a shift in momentum as the network integrates tokenized SpaceX shares. The debut of the SPCX asset, launched by Backpack and Sunrise, provides a new real-world use case that has revitalized market interest while bulls begin to push back against months of bearish control.
SpaceX Nasdaq debut ignites valuation clash as shares climb
SpaceX shares launched on the Nasdaq with a $1.96 trillion market cap, yet a stark divide has emerged between market exuberance and fundamental analysis. While bulls eye a $190 price target, Morningstar researchers have issued a cautionary estimate, placing the company’s fair value at just $63 per share.
Exodus and Ondo Finance Launch Tokenized Asset Trading on Solana
Exodus Movement is expanding its self-custodial wallet beyond traditional cryptocurrency storage by integrating over 200 tokenized stocks, ETFs, and real-world assets. The new service, Exodus Markets, leverages the Solana blockchain to allow eligible users to trade tokenized equities alongside their existing digital holdings in a move to bridge traditional finance with decentralized rails.
Ethena commits $250M to Securitize’s tokenized CLO fund on Solana
A $250 million capital commitment from Ethena Labs is set to anchor the expansion of Securitize’s tokenized AAA-rated collateralized loan obligation fund onto the Solana blockchain, marking a significant step in integrating traditional fixed-income credit markets into high-speed, onchain financial infrastructure.
Appeals Court Upholds Sam Bankman-Fried’s Fraud Conviction
A three-judge panel of the U.S. Court of Appeals for the Second Circuit has unanimously rejected Sam Bankman-Fried’s attempt to overturn his 2023 conviction. The ruling cements the former FTX chief’s 25-year prison sentence, affirming that the evidence presented against him for misappropriating billions in customer funds was robust.
BBVA scales ChatGPT access to entire 120,000-person global workforce
Ten times the size of its initial pilot, BBVA is rolling out ChatGPT Enterprise to its full global staff of 120,000 employees across 25 countries. The bank, which previously deployed 3,300 accounts in early 2024, now aims to embed OpenAI’s models directly into core software development, risk analysis, and customer service operations.
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Avalanche Treasury stock drops 38% in Nasdaq debut
Investors gave a cold reception to Avalanche Treasury Co. on Thursday, sending the stock tumbling 38.13% during its first session on the Nasdaq. Trading under the ticker AVAT, the shares closed at $1.85, struggling to gain traction as the underlying AVAX token continues to face significant downward price pressure.
HashKey Stock Climbs 10% on HK$100M Buyback Mandate
Shares of HashKey Holdings surged 10.51% to HK$3.05 after the company authorized a HK$100 million share repurchase program. The move arrives as the digital asset firm attempts to stabilize its valuation following a period of persistent downward pressure that pushed the stock toward its 52-week low.
SEC Proposal to Repeal Trade Rules Could Open DeFi to Tokenized Stocks
The U.S. Securities and Exchange Commission has proposed rescinding Regulation NMS Rules 611 and 610(e), a move that could dismantle long-standing barriers for decentralized finance platforms. By removing these mandates, the agency aims to simplify equity market structures, potentially enabling automated market makers to handle tokenized U.S. equities.
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South Korea Eyes Securities Tax for Tokenized Stocks
South Korea’s tax authorities are moving to classify tokenized stocks as traditional securities rather than virtual assets, a shift that could trigger tax liabilities under existing capital markets laws. The government intends to bypass new legislation, relying instead on the economic substance of these assets to integrate them into current frameworks.
Crypto.news Updates Data Handling and User Privacy Standards
Crypto.news has formalized its data collection and privacy protocols, outlining how the platform manages user information across its website and applications. Effective January 14, 2021, the policy details the use of tracking technologies, third-party analytics, and the rights afforded to users under international and regional privacy regulations.
Federated Hermes Targets Stablecoin Reserves with New Treasury Fund
As stablecoin issuers scramble to meet strict federal reserve requirements under the GENIUS Act, Federated Hermes has introduced a dedicated money market fund, ticker OFFXX, designed to hold high-quality liquid assets while providing the principal stability necessary for 1:1 backing in the digital asset sector.
Binance Wallet SpaceX IPO Campaign Pulls $557 Million in USDC
A total of $557 million has been committed across 27,689 onchain addresses for the Binance Wallet SpaceX IPO subscription campaign. While the initiative demonstrates significant retail interest in tokenized exposure to the space firm, the final allocation of SPCXx tokens remains subject to future issuance and market conditions.
Gary Gensler Challenges CFTC Authority Over Sports Betting Markets
Former Commodity Futures Trading Commission Chair Gary Gensler has intervened in a federal appeals court case, arguing that sports prediction markets fall outside the scope of federal derivatives laws. His filing asserts that Congress never intended for sports betting contracts to be classified as swaps under the Dodd-Frank Act.
Retail investors return to crypto search engines in June
After months of waning interest, Google search volume for digital assets is ticking upward again. Data from analytics firm Alphractal reveals that retail participants are once more tracking market movements, though experts warn that this renewed curiosity serves as a sentiment gauge rather than a confirmed signal of fresh capital inflows.
Michael Saylor clarifies Strategy’s Bitcoin sale amid 'never sell' debate
“I said to YOU never sell your bitcoin,” Michael Saylor told attendees at BTC Prague on June 11. The remark sought to draw a sharp line between his long-standing advice for individual investors and the pragmatic corporate treasury decisions that recently led Strategy to sell 32 BTC for $2.5 million.
Metaplanet Expands Into Brokerage With Siiibo Securities Acquisition
By acquiring Siiibo Securities for JPY 2.1 billion, Metaplanet is pivoting from passive Bitcoin accumulation toward active financial product distribution. This transaction, set to close July 13, grants the Tokyo-listed firm a Type I Financial Instruments license, providing the regulatory gateway needed to launch Bitcoin-linked debt and yield-focused instruments across Japan.
Bitget secures official registration in Argentina
Nearly 20% of the Argentine population now utilizes digital assets, prompting Bitget to secure official status as a Virtual Asset Service Provider. By joining the National Securities Commission registry, the exchange gains a legal foothold in one of Latin America’s most active cryptocurrency markets while committing to local anti-money laundering standards.
Binance to Rebrand Toncoin as GRAM in July Transition
Binance is initiating a sweeping technical overhaul of its Toncoin markets, shifting the exchange's ticker from TON to GRAM. This staged migration requires users across spot, futures, and margin desks to navigate a series of mid-summer deadlines as the platform aligns its listings with the token's original branding.
Tether Freezes $72M After ZachXBT Links Wallet to Monero Price Spike
A single address on the Tron network triggered a massive freeze by Tether this week after on-chain investigator ZachXBT traced its role in a volatile Monero rally. The wallet, which handled over $120 million in USDT, was blacklisted shortly after its activity coincided with an abrupt jump in XMR pricing.
Hong Kong Mortgage Corporation Issues Record $1.5 Billion Digital Bond
The Hong Kong Mortgage Corporation has priced a HK$12 billion digital bond, marking the largest tokenized issuance globally to date. This move signals a significant acceleration in the city’s transition toward blockchain-based fixed-income infrastructure, drawing substantial interest from a diverse roster of over 100 institutional investors.
Crypto scammers target 2026 World Cup fans with fake ticketing sites
As 6.5 million spectators descend on the U.S., Canada, and Mexico for the 2026 FIFA World Cup, cybercriminals are ramping up operations. Blockchain intelligence firm TRM Labs has identified multiple fraudulent websites and betting schemes specifically designed to siphon funds from unsuspecting fans using cryptocurrency payment channels.
io.net Launches Revenue-Linked Token Burn to Curb Supply
Decentralized GPU provider io.net has introduced a revenue-backed token burn mechanism, projecting the removal of up to 12 million IO tokens from circulation within the next year. The move follows a record-breaking period for the network, fueled by an $8 million enterprise contract and massive daily AI inference volume.
Bybit Secures Spot in Inaugural Fortune Crypto 100
Fortune has named Bybit to its inaugural Crypto 100 list, a benchmark ranking the most influential organizations currently shaping the global digital asset ecosystem. The exchange earned its position within the centralized finance category, signaling its growing reach across infrastructure, custody, and regulated financial services.
Circle executes record $4.4 billion USDC transfer to Coinbase
A massive movement of 4.397 billion USDC to a Coinbase address via HyperEVM has set a new benchmark for stablecoin transactions. Analytics firm Arkham flagged the transfer, which links three major entities—Circle, Coinbase, and the Hyperliquid ecosystem—at a moment when onchain liquidity is becoming increasingly centralized.