Kraken, Maple launch onchain warehouse facility for crypto-backed institutional loans
Kraken and Maple Finance launched an onchain warehouse facility that allows institutions to borrow against crypto assets using traditional finance lending structures. The facility enables Kraken to extend lending services to larger institutional clients through blockchain infrastructure.
PCE Inflation Shakes Markets: Nasdaq Rally Collapses, Bitcoin Falls to New 2026 Low
Bitcoin declined to $58,000 after May PCE inflation data diminished expectations for Federal Reserve rate cuts, causing $1.26 billion in liquidations across crypto markets. The price drop marked a new low for 2026.
South Korean authorities fine Bithumb $136K over sharing user information overseas
Bithumb was fined $136,000 for illegally transferring customer data to foreign exchanges without proper safeguards. South Korean authorities determined the company violated data protection laws by sharing user information overseas.
BlackBerry is making a massive comeback as an 'uncrashable' software layer for AI and robotics
BlackBerry is developing software designed to prevent crashes in AI and robotics systems. The company reported stronger-than-expected earnings results, prompting investor interest in its pivot toward automation industry applications.
Magic Internet Money Falls 50% Below Peg as Abracadabra Declares Emergency
MIM stablecoin fell 50% below its $1 peg, causing Abracadabra.money to halt Curve bribes and suspend direct incentives. The protocol raised interest rates across all Cauldrons lending mechanisms in response.
Spark, Uniswap, and Sky Launch $150M Liquidity Migration to Build Shared Stablecoin FX Layer
Spark, Uniswap, and Sky are migrating $150 million in USDS liquidity to Uniswap v4 pools to create infrastructure for multiple stablecoin issuers. The initiative uses Uniswap v4's pooling architecture to enable trading between different stablecoins within a unified foreign exchange layer.
Strategy has a 10-month cash runway for dividends, but retail investors are losing faith
STRC's cash reserves will sustain dividend payments for only 10 months before the fund must cut distributions. The fund, marketed as a stable $100 investment, has experienced significant price declines that eroded retail investor confidence.
Bitcoin drops to $58K on high US PCE inflation as trader sees 'manipulation'
Bitcoin dropped to $58,000 following US inflation reaching three-year highs, which triggered approximately 600 million dollars in hourly cryptocurrency liquidations. Some traders attribute the decline to market manipulation rather than economic fundamentals alone.
Quant fund says bitcoin is near a major inflection point as rare onchain signals align
Four onchain technical indicators that rarely align simultaneously are currently converging, suggesting Bitcoin is approaching a significant price inflection point. These rare signal combinations have historically preceded major directional shifts in Bitcoin's price movement.
Bitcoin tumbles to new multi-year low of $58,000, but a short-squeeze setup emerges
Bitcoin fell to $58,000, marking a multi-year low. An oversized number of traders holding short positions creates conditions for a potential squeeze-driven price rebound.
Why Wall Street values some crypto firms for AI power, not just crypto
Crypto companies are being valued for AI infrastructure capabilities rather than cryptocurrency holdings. Galaxy Digital's recent stock gains reflect Wall Street's assessment of tech infrastructure potential in the sector.
AAPL Stock Drops 6% After Apple Passes AI-Driven Chip Costs to Consumers
Apple increased prices for Mac and iPad products due to rising costs from an AI memory shortage. The company's stock declined 6 percent following the price increases.
Bitcoin likely to fall another 30% to $44,000 by year-end, prominent BTC miner says
Bitcoin could decline 30% to $44,000 by year-end according to a veteran miner citing a technical indicator that historically precedes market bottoms by six months. The valuation metric has fallen to levels previously observed before past price recoveries.
Bitcoin Plummets Lower as Strategy's STRC Dives Further From $100 Mark
Bitcoin fell to approximately $58,000 as Strategy's STRC preferred shares reached record lows. The decline indicates that investor concerns about technology stocks connected to digital assets are affecting the broader cryptocurrency market.
Kraken sues crypto derivatives firm PowerTrade over 'misappropriated' funds claim
Kraken is suing PowerTrade for allegedly converting a $6 million credit into a $2 million debt through unauthorized account corrections on settled trades. PowerTrade reportedly made these changes without authorization to old trading positions that had previously been finalized.
Here’s what happened in crypto today
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CoinDesk 20 performance update: AAVE gains 10.1% as index rises
Aave gained 10.1% while the CoinDesk 20 index rose overall. Bitcoin Cash surged 5.8%, positioning both tokens as the week's strongest performers in the crypto market.
About 60% of World Cup bettors on Polymarket are first-time crypto users
Approximately 60% of bettors on Polymarket during the World Cup were experiencing blockchain technology for the first time. The platform's straightforward betting interface successfully onboarded these newcomers to cryptocurrency transactions.
Post-prison CZ says time behind bars didn't hurt the billionaire's business after Binance
Changpeng Zhao has returned to business activities after completing his prison sentence and now maintains a majority stake in Binance while pursuing venture capital investments. He claims his time behind bars improved his character without damaging his business interests or billionaire status.
$47M in Crypto Frozen in Global Infostealer Takedown: Europol
Police across multiple countries froze €41 million in cryptocurrency and shut down three major malware operations (SocGholish, Amadey, and StealC) that infected hundreds of thousands of computers globally. The malware stolen cryptocurrency and passwords from victims across multiple jurisdictions simultaneously.
Binance faces EU service limits next week as MiCA rules take effect
Binance will halt new customer registrations across the EU on July 1 due to unmet compliance requirements under the Markets in Crypto Assets Regulation. Existing users retain withdrawal access, though the exchange cannot offer services without obtaining regulatory approval from EU authorities.
Circle, Nomura eye Japan corporate FX with stablecoin settlement: Report
Circle and Nomura are partnering to enable Japanese corporations to settle foreign exchange transactions using stablecoins within Japan's regulated blockchain financial framework. The collaboration targets corporate FX settlement, leveraging stablecoins as the settlement medium in a jurisdiction that has been developing regulated cryptocurrency and blockchain financial infrastructure.
Kalshi Seeks $40B Valuation Weeks After $1B Raise: FT
Kalshi is seeking a $40 billion valuation weeks after completing a $1 billion fundraise at a $22 billion valuation. The prediction market platform's higher ask comes amid escalating regulatory disputes between federal and state authorities over its operations.
Aave Token Could Climb 50x by End of 2030, Standard Chartered Says—Here's Why
Aave token could reach $3,500 by 2030 according to Standard Chartered's prediction, representing a 50-fold increase from current prices. The forecast is part of the bank's broader crypto projections that also include Bitcoin at $500,000 and Ethereum at $40,000.
Kalshi Sues Illinois Over New State Tax on Sports-Related Prediction Markets
Kalshi is suing Illinois over a 15% tax on sports betting set to take effect next week. The company claims the tax disproportionately burdens prediction markets compared to traditional sportsbooks.
The Next GameStop? Meme Stock Traders Make Biggie-Size Bet on Wendy's
Retail investors are targeting Wendy's stock as their next meme stock play following GameStop and AMC patterns. Amateur traders are attempting to create a similar price movement battleground between themselves and institutional investors in the fast-food chain's shares.
Your Hermes Agent Now Has a Pet. It Does Nothing—And That’s the Point
Nous Research added a decorative pet mascot to its Hermes AI agent that observes the agent's operations without performing any function. The pet is purely visual and serves no purpose beyond aesthetic appeal.