YM Lee

CertiK Joins XDC Network as Institutional Validator, Expands RWA Infrastructure Push

CertiK, a global Web3 security company, is joining XDC Network as an institutional-grade validator. The companies plan to deepen cooperation on real-world asset, or RWA, tokenization for institutional clients and on building enterprise financial infr

SpaceX Sells $25 Billion of Bonds After Record IPO, Fueling Market Overheating Concerns

SpaceX is moving ahead with a $25 billion corporate bond sale shortly after raising a massive sum in what was described as the largest initial public offering on record, adding to concerns that global capital markets are overheating. Investors see th

Ethena Ecosystem’s First Listed Company StablecoinX to Debut on Nasdaq June 27

StablecoinX, the first publicly listed company in the Ethena ecosystem, will begin trading on the Nasdaq on June 27 after completing its merger with a special purpose acquisition company. Ethena announced on June 26 in a post on X that StablecoinX ha

Botanix Shutdown Exposes Thin Demand for Bitcoin DeFi

Bitcoin-based decentralized finance, once touted as a major new growth area, is still drawing limited demand, underscoring structural constraints in the sector after Bitcoin layer-2 project Botanix shut down because of a lack of users. Cointelegraph

Aave Founder Denies Kraken Stake-Sale Report, Says No AAVE Will Be Sold at 70% Discount

Aave founder Stani Kulechov denied recent reports of a stake sale, saying claims that AAVE would be sold at a 70% discount are false and that there will be no fire sale. Writing on X on June 26, Kulechov said there is "no scenario" in which AAVE woul

Base Restores Mainnet After Temporary Block-Production Outage

Coinbase’s Ethereum layer-2 network Base temporarily halted mainnet operations after a block-production failure, but service has now been fully restored. The company said it has identified the cause of the issue and plans to publish a post-mortem rep

XRP Nears $1 Breach as Realized Profit-Loss Ratio Hits Lowest Since August 2022

XRP is threatening the psychologically important $1 support level as its on-chain realized profit-loss ratio falls to the lowest level since August 2022, adding to signs that investor capitulation is deepening. CoinDoo reported on June 25 that XRP fe

BitGo to Cut 15% of Staff, Focus on Stablecoins and AI

BitGo, the digital-asset custody company, will cut about 15% of its workforce as part of a reorganization aimed at sharpening its focus on core businesses including stablecoins and artificial intelligence infrastructure. Mike Belshe, BitGo's chief ex

Micron Jumps 15.7% as US Stocks Finish Mixed on Big Tech AI Spending Concerns

US stocks ended mixed on June 25 despite gains in semiconductor shares. Micron Technology Inc.'s strong earnings stoked expectations for further expansion in AI spending, but large technology stocks came under pressure as investors focused on the cos

Kraken Weighs Buying 15% of Aave Group Ahead of IPO in DeFi Push

Kraken, the global cryptocurrency exchange, is in talks to acquire a 15% stake in DeFi lending protocol Aave as it speeds up its expansion in decentralized finance ahead of a planned initial public offering. CoinDesk reported on June 25, citing multi

US Republicans Step Up Push to Pass Clarity Act Before August Recess

US Republican lawmakers are stepping up efforts to advance the Clarity Act, a market-structure bill for digital assets, with the goal of passing it before Congress begins its August recess. On June 26, Eleanor Terrett, host of Crypto in America, wrot

Bitcoin Briefly Slides to $58,000 as ETF Outflows, Options Expiry Jolt Market

Bitcoin briefly fell to $58,000, its lowest level since September last year, as outflows from spot exchange-traded funds and pressure from a large options expiry weighed on the market. Cointelegraph reported on June 25 that Bitcoin dropped about 9% o

Polymarket Says Supply-Chain Hack Stole $3 Million, Starts Full Refunds

Polymarket said a hack at a third-party service provider compromised its website and led to the theft of about $3 million in user assets. The decentralized prediction-market platform has started reimbursing all affected users. Decrypt reported on Jun

Lee Says Trump Shares View on Need for Shipbuilding Cooperation, Discussed Building US Warships

Fed’s 3.8% Dot-Plot Median Was a Statistical Mirage, Not a Rate-Hike Consensus

Markets have increasingly priced in the possibility of a Federal Reserve rate hike this year after the central bank published a median year-end policy-rate forecast of 3.8%. But no member of the Federal Open Market Committee actually projected 3.8%.

US Spot Ether ETFs Post $29.35 Million in Outflows as Selling Pressure Persists

US spot Ether exchange-traded funds recorded net outflows of $29.35 million in a single day. Trader T data released June 18 showed US spot Ether ETFs posted total net outflows of $29.35 million on June 17. The largest withdrawal came from Grayscale E

US Spot-Bitcoin ETFs See $82.2 Million of Net Outflows as Sentiment Cools

US spot-Bitcoin exchange-traded funds recorded net outflows of $82.17 million in one day. Data from Trader T showed on June 18 that US spot-Bitcoin ETFs posted combined net outflows of $82.17 million on June 17. The largest outflow came from ARKB, th

Won Re-Enters 1,540-Per-Dollar Range as Fed Rate-Cut Hopes Recede

The won climbed back into the 1,540-per-dollar range as expectations for Federal Reserve interest-rate cuts later this year weakened, adding to views that the Fed may keep policy tight for longer than expected. In Seoul trading on June 19, the won op

Vance Abruptly Cancels Switzerland Trip, Adding Uncertainty to US-Iran Talks Timeline

Vice President JD Vance abruptly canceled plans to travel to Switzerland as expectations mounted for a breakthrough in US-Iran nuclear talks. The White House said June 18 that Vance had scrapped a trip scheduled for later that night, CNN reported. Th

Israel Continues Airstrikes in Southern Lebanon With Drone, Helicopter Attacks

Israeli forces are continuing airstrikes and surveillance operations in southern Lebanon, local media reported. On June 18, Iran's Mehr News Agency, citing Lebanon-based Al Mayadeen, reported that Israeli forces recently carried out a drone strike on

Ethereum’s $1,700 Support Wavers as Analysts Warn of Further Selling

Ethereum traded weakly near $1,700, prompting warnings that additional selling pressure could build. Cointelegraph reported on June 19 that Binance has seen net inflows of about 57,700 ETH over the past few days. Higher exchange inflows are typically

SK Hynix Surpasses Bitcoin, Micron in Market Value as It Closes In on Samsung

SK Hynix Inc. has surpassed U.S. memory-chip maker Micron Technology Inc. and Bitcoin in market capitalization. The South Korean chipmaker is also climbing rapidly in the global asset rankings as demand for artificial intelligence semiconductors grow

Franklin Templeton Moves to Launch Two Dividend-Driven Bitcoin ETFs

Franklin Templeton is moving to launch two new exchange-traded funds that would use dividends to increase Bitcoin exposure. Unfolded reported on June 19 that the global asset manager recently filed documents with the US Securities and Exchange Commis

Malta Opens DeFi Review, Says Few Projects Are Fully Decentralized

Malta’s Financial Services Authority has started work on a regulatory framework for decentralized finance, including decentralized autonomous organizations, or DAOs. Cointelegraph reported on June 18 that the MFSA published a discussion paper on June

Strategy Preferred STRC Drops Below Par, Halting ATM Issuance for Bitcoin Purchases

Strategy’s preferred stock STRC has fallen well below its $100 par value, forcing a halt to the at-the-market, or ATM, issuance program the company had used to fund Bitcoin purchases. The Block reported on June 18 that STRC fell as low as $82.50 intr

SEC, CFTC Seek Public Input on Derivatives Rules as Kalshi, Polymarket Debate Grows

The U.S. Securities and Exchange Commission and the Commodity Futures Trading Commission are moving to revamp the regulatory framework for derivatives, including prediction markets. In a joint statement on June 18, the SEC and CFTC said they are open

Morgan Stanley Files Amended SEC Filings for Spot Ethereum, Solana ETFs

Morgan Stanley has filed amended registration statements with the US Securities and Exchange Commission for spot Ethereum and Solana exchange-traded funds. James Seyffart, a Bloomberg ETF analyst, wrote on X on June 19 that Morgan Stanley had submitt

Bitcoin Slides Back Toward $60,000 as Strategy Funding Fears Mount

Bitcoin has slipped back toward the $60,000 level, fueling fresh market anxiety. Investor sentiment is weakening as concerns over Strategy’s funding structure collide with the prospect of higher interest rates. Bloomberg reported on June 18 that Bitc

Custodia, Vantage Bank Propose Token Model Switching Between Deposits and Stablecoins

Custodia and Vantage Bank have proposed a token model that automatically converts between bank deposits and stablecoins. Cointelegraph reported on June 19 that the two firms outlined the structure in a joint white paper. The token would function as a

Ireland Flags Crypto Money-Laundering Risks, Plans Source-of-Funds Rules by 2027

Ireland plans to tighten regulation of cryptocurrencies to address the risks of money laundering and terrorist financing. Cointelegraph reported on June 18 that Ireland’s Department of Finance published a follow-up implementation plan to its National