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Ant International, the Chinese fintech company that runs Ant Group’s overseas business, is weighing a major fundraising round. Bloomberg reported on June 10, citing people familiar with the matter, that the company is considering raising about $1 bil
South Korea will step up its crackdown on illegal foreign-exchange transactions involving cryptocurrencies and other assets. The Ministry of Economy and Finance said June 10 that it held a meeting of the pan-government task force on illegal foreign-e
KB Kookmin Bank has issued a $100 million blockchain-based digital bond, the first such dollar-denominated offering by a South Korean bank. The bank announced on June 10 that the bond was issued using blockchain technology across the entire process,
OpenAI is in late-stage talks to lease a 10-gigawatt artificial intelligence data center campus being developed in Ohio, The Information reported on June 9. The project includes a plan for Nvidia to provide a direct payment guarantee, the publication
Bybit’s subscription period for a tokenized initial public offering tied to SpaceX will close on June 11. The subscription, available through Bybit IPO Express, is scheduled to end on June 11, according to BlockBeats and other outlets on June 10. Byb
South Korea’s Kospi reversed course and plunged after just one day. The benchmark index closed at 7,730.82 on June 10, down 4.52% from the previous session. It fell more than 6.8% at one point during the session and dropped to the 7,540 range. The Ko
Sahara AI said it has restored liquidity in its bridge pool following recent volatility in its token price. In a post on its official X account on June 10, Sahara AI said it had replenished Ethereum-side liquidity in its Cross-Chain Interoperability
Solstice, a Solana-based on-chain credit and treasury management platform, is entering the sovereign artificial intelligence infrastructure finance market. The company said on June 8 that it had partnered with ApexE3 and Tensorix to expand into sover
BitMine Chairman Tom Lee said Ethereum could climb above $250,000. CoinDesk and other outlets reported on June 4 that Lee, speaking at the Proof of Talk conference in Paris on June 3, set a long-term price target of $250,000 for Ethereum. He said tha
SpaceX, the rocket and satellite company led by Elon Musk, has released a video for its initial public offering roadshow. BlockBeats and other outlets reported on June 4 that SpaceX published a roughly 17-minute IPO roadshow video that day. Chief Fin
Hezbollah, the Iran-backed Lebanese militant group, rejected a ceasefire agreement between Israel and Lebanon and demanded a full withdrawal of Israeli forces. Reuters reported on June 4 that Hezbollah chief Naim Qassem, in a statement broadcast on t
Bitcoin traded above $64,000. CoinMarketCap data showed Bitcoin changing hands at $64,407.44 as of 11:13 p.m. on June 4 in South Korea, down 3.37% from a day earlier. It was 11.48% lower than a week earlier. The kimchi premium stayed in negative terr
Coinbase, the US cryptocurrency exchange, will launch pre-IPO perpetual futures that let investors trade on the value of private companies. The company announced on June 4 that it will introduce pre-IPO perpetual futures contracts, with SpaceX as the
The first Bitcoin-backed home mortgage in the US has been closed. Coinbase said in a post on its official X account on June 4 that the first Fannie Mae-backed mortgage tied to Bitcoin had been completed in the US. Fannie Mae is one of the country's t
Michael Saylor, executive chairman of Strategy, said Bitcoin’s recent decline reflects a rotation of capital into artificial intelligence investments. In a post on X on June 4, Saylor wrote that capital markets are funding AI infrastructure on a hist
US initial jobless claims rose above market expectations last week. The Labor Department said June 4 that initial claims for unemployment benefits totaled 225,000 last week. That was 11,000 higher than economists’ forecast of 214,000 and up 13,000 fr
Moomoo, the trading platform owned by Chinese fintech company Futu, is entering the prediction markets business through a partnership with Kalshi. CoinDesk reported on June 4 that Moomoo had teamed up with Kalshi to offer eligible users access to eve
JPMorgan said the chances of the US crypto market structure bill known as the Clarity Act passing Congress this year have diminished. CoinDesk reported on June 3 that JPMorgan said in a report the bill is unlikely to clear Congress this year. The ban
Israel said it will continue striking Lebanon despite a recent ceasefire agreement. Reuters reported on June 4 that Israeli Defense Minister Israel Katz said Israel would keep up attacks on Lebanon for the time being and would not withdraw from south
Korea Investment & Securities is seeking to build its own security token offering, or STO, platform. The brokerage recently sent a request for proposals to major service providers to build the platform, according to Maeil Business Newspaper and other
The U.S. Department of Justice has joined with private companies to crack down on fraud networks based in Southeast Asia. The Block reported on June 3 that the Justice Department said it froze $3.8 million in cryptocurrency tied to fraudulent activit
Goldman Sachs is moving ahead with plans to tokenize a real estate fund. CoinDesk reported on June 4 that Goldman Sachs announced the project with asset manager Apex Group and crypto exchange Archax. Blockchain infrastructure company Ownera and real
The won-dollar exchange rate surged more than 10 won on June 4, approaching 1,540 won per dollar in night trading. According to Yonhap News Agency and other local media, the won closed daytime trading in Seoul at 1,529.7 per dollar, up 13.3 won from
Iran has denied attacking Kuwait International Airport. BlockBeats and other outlets reported on June 4 that Hossein Mohebi, a spokesman for Iran’s Islamic Revolutionary Guard Corps, said Iran’s aerospace force did not strike Kuwait airport and that
US Senator Cynthia Lummis said Jamie Dimon, JPMorgan Chase & Co.'s chief executive officer, appears not to have read the CLARITY Act after he criticized the US crypto market structure bill. In an interview with CNBC on June 3, Lummis said Dimon eithe
House Democrats are calling on US regulators to investigate advertising by prediction market platforms. Cointelegraph reported on June 3 that nine Democratic members of the US House of Representatives, including Kevin Mullin and Gabe Vasquez, sent a
Hyperliquid's HYPE token has risen above Solana's SOL in price. The decentralized exchange's share of the global perpetual futures market also reached a record high. CoinMarketCap data on June 4 showed HYPE trading at about $72.5, down 0.4% from a da
Bridgewater Associates founder Ray Dalio said the artificial intelligence bubble will eventually burst. In an interview with Bloomberg on June 3, Dalio said the AI industry is showing typical signs of a bubble, citing excessive speculation and lofty
Citi said a lack of new demand is the main driver of Bitcoin's recent weakness. In a report released June 3, the bank said flows for Bitcoin ETFs have recently turned into outflows. It also said the odds of passage for the CLARITY Act, a US crypto ma
Bitcoin miner IREN is moving ahead with its first data center project in Australia. The Block reported on June 3 that IREN signed a grid connection agreement for a data center in Bundey, South Australia, with capacity of up to 800 megawatts. The comp