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Iran's Persian Gulf Strait Administration, or PGSA, announced that the Strait of Hormuz has been closed. In a post on X on June 11, the agency said it was shutting the waterway until further notice following the Iranian military's announcement the pr
Fortune has released its “Fortune Crypto 100,” a list of the most influential companies and projects in the blockchain and cryptocurrency industry. According to the Crypto 100 rankings published by Fortune on June 11, Upbit placed 10th in the central
DBS Group Holdings Ltd., Singapore’s largest bank, plans to launch a tokenized product backed by physical gold for retail investors. CoinDesk reported on June 11 that DBS aims to roll out DBS Physical Gold Tokens in the second half of 2026. DBS will
South Korea’s Democratic Party is positively considering reestablishing its Digital Asset Task Force as it reorganizes floor leadership task forces, Bloomingbit reported exclusively on June 11. Kim Han-kyu, the party’s senior deputy floor leader for
Fold Holdings, a Bitcoin financial services company, sold 633.8 Bitcoin to repay a Bitcoin-backed loan. Bitcoin Treasuries said on June 11 that the Nasdaq-listed company sold the tokens to repay $20 million of Bitcoin-backed debt. The sale reduced Fo
Trading volume in major cryptocurrencies has fallen to its lowest level in nearly two years, according to on-chain analytics platform Santiment. The firm said the slump may also be laying the groundwork for a rebound. In a report released June 11, Sa
Woori Bank is partnering with fintech startup Crosshub to develop a digital wallet for foreign visitors to South Korea. The companies also plan to test a domestic payment environment using foreign-currency-denominated stablecoins. Woori Bank said on
Japan is moving to classify cryptocurrencies as financial products similar to stocks, a step that would allow spot Bitcoin exchange-traded funds to list in the country and sharply reduce taxes on crypto investment gains. Bloomberg reported on June 11
Bankrupt crypto exchange FTX has unstaked a large batch of Solana tokens. Onchain Lens, an on-chain data analytics account, wrote on X on June 11 that wallets linked to FTX and Alameda unstaked 200,241 SOL. The tokens were worth about $12.99 million.
BlackRock has filed additional paperwork to launch an income-focused Bitcoin exchange-traded fund. The Block reported on June 11 that BlackRock submitted a revised registration statement to the U.S. Securities and Exchange Commission on June 9 for th
Interview With Evernode CEO Asheesh Birla "DAT Industry Is Being Reshaped, New Revenue Models Are Needed" "We Will Support Growth of the XRPL Tokenization Ecosystem" "Korea's Financial Industry Is Already Preparing for the Tokenization Era" "Digital
Humanity’s token traded at dramatically different levels on on-chain and centralized exchanges after a hacking incident triggered a sharp selloff. As of 1:50 p.m. on June 9, Binance Alpha data showed Humanity, or H, trading at $0.005, down 99.26% fro
A hacker who exploited Humanity Protocol (H) minted an additional 200 million tokens without authorization, on-chain tracker Onchain Lens reported. In a post on X on June 9, Onchain Lens said the attacker had minted 200 million H tokens. It added tha
Sahara AI said it is investigating the cause of a sharp drop in the price of its SAHARA token. In a post on X on June 9, the company said it was aware of unusual volatility in the token and was monitoring the situation in real time. Sahara AI said th
Spot Ether exchange-traded funds posted net inflows. Trader T data showed the funds recorded combined net inflows of $68.2 million on June 8. Fidelity’s FETH and BlackRock’s ETHB led with net inflows of $28.57 million and $27 million, respectively. T
U.S. spot Bitcoin exchange-traded funds recorded net outflows of $91.4 million on June 9, according to Trader T. The 12 spot Bitcoin ETFs saw combined net outflows of $91.4 million for the day. Fidelity's FBTC and Ark Invest's ARKB led net inflows wi
Coinbase’s x402 payment protocol has been launched on the Injective network. Odaily reported on June 9 that the Coinbase x402 service went live on Injective. The protocol is designed to let artificial intelligence agents pay for API calls in real tim
<Today’s key economic events> ▶ June 9 (Tuesday): △ US May consumer inflation outlook (12 a.m. Korea time) △ South Korea second-quarter GDP △ US April trade balance (9:30 p.m. Korea time) <Today’s key cryptocurrency event> ▶ June 9 (Tuesday): △ Liber
Sahara AI (SAHARA) plunged in intraday trading. As of 11:26 a.m. on June 9, Sahara AI was trading at $0.01657, down 56.48% from a day earlier, according to CoinMarketCap. On South Korean crypto exchange Upbit, Sahara AI was trading at 35.2 won at the
Humanity (H) said it confirmed that a foundation member’s private key was compromised in a hacking incident on June 9. Humanity Protocol co-founder Terence Kwok wrote on X that the project had identified a security breach involving the theft of one H
Crypto treasury firm BitMine has bought more Ether. Lookonchain said on June 9 that BitMine purchased an additional 25,000 ETH through Kraken about six hours earlier.
Bitwise, the crypto asset manager, has transferred part of its Hyperliquid (HYPE) holdings to FalconX, an institutional trading platform. Onchain Lens said on June 9 that Bitwise deposited 50,480 HYPE tokens with FalconX. The tokens were valued at ab
Pump.fun’s new rewards service is drawing criticism as users take on increasingly extreme missions to promote their meme coins. CoinDesk reported on June 9 that a Pump.fun user known as Arivu recently took part in the platform’s reward program, Pump.
Russia is considering imposing additional fees on trades in some cryptocurrencies, including Tether's USDT and Binance Coin's BNB, as it looks to protect domestic investors. Tass reported on June 9 that Deputy Finance Minister Ivan Chebeskov told Izv
Wallets linked to or interacting with Humanity (H) have been hit by a string of hacks. On June 9, on-chain analyst Specter wrote on X, formerly Twitter, that he had identified a series of asset thefts from wallets tied to the Humanity Protocol ecosys
Major quant trading firms are moving into prediction markets such as Polymarket and Kalshi. DRW has recently started building a dedicated trading desk for prediction markets, CoinDesk reported on June 6. Crypto market maker Wintermute and IMC are als
A long-dormant Bitcoin wallet dating back to 2011 moved funds for the first time in about 14 years. CoinDesk reported on June 6 that the Bitcoin address 1LwWtSs7tMCwcRczQd5kVMv3xpWw6w4Sxe transferred 15 of its 35.55 Bitcoin to a new address on June 2