Mark Zuckerberg has told Meta executives to pursue potential partnerships with prediction market platforms Polymarket and Kalshi with the company planning the development of its own competing app called Arena. Meta has seen an aggressive push into the prediction markets sector that has exploded since the 2024 U.S. presidential election. Combined trading volume on Polymarket...

Ripple’s chief executive, Brad Garlinghouse shared doubts about whether Strategy’s CEO Michael Saylor has been a positive influence on the broader crypto market during a Friday interview with CNBC. Garlinghouse specifically described the untethering of Strategy’s Stretch (STRC) preferred stock as a “damning indictment. However, the Ripple chief executive maintained that he remains bullish on...

The $292 million KelpDAO bridge exploit in April and the Humanity Protocol private key theft in June were already suspected as connected, as both incidents carried hallmarks of DPRK-linked operations, with fingers pointing to the notorious Lazarus group.  Now, on-chain evidence shows the proceeds of those attacks are now flowing into shared wallets, which is...

Crypto exchanges and service providers might soon be required to collect and share tax-residency data on their users in Hong Kong. Hong Kong lawmakers are considering passing a bill that sets up a way for tax authorities to see crypto activity for the first time ahead of the launch of the country’s first regulated stablecoins. ...

GraniteShares plans to create new leveraged exchange-traded funds (ETF) based on SK Hynix stock for trading on U.S. exchanges. These funds will allow U.S. investors access to a rapidly growing Asian memory chip manufacturer whose share price has increased more than 300% in 2023 because of increasing demand for artificial intelligence products. The proposed funds—a...

Apple is reportedly requesting approval from the White House to buy memory chips produced by ChangXin Memory Technologies (CXMT). The Pentagon lists this firm among the military-linked companies from foreign nations, which means that Apple will have quite a hard time closing this deal. Apple needs to make this request because the increasing cost of...

On June 26, the U.S. Commerce Department approved Anthropic’s request to resume selling Claude Mythos 5 to a select group of U.S. customers, allowing Anthropic to have its previous export-control order partially reversed. Two weeks prior to this order, the company was compelled to remove its two most advanced AI products, Mythos 5 and Fable...

A recent research report by China International Capital Corporation (CICC) published June 26 shows that increased spending on infrastructure for AI and the prohibition by the Chinese government on exporting high purity tungsten are putting pressure on the world’s supply of electronic specialty gases (ESG), which are a critical component needed to manufacture all advanced...

Zhipu’s GLM 5.2 open-source AI model now sits within a percentage point of Anthropic’s Opus 4.8 on a key agentic benchmark at roughly a fifth of the cost, per CNBC. OpenRouter token traffic for the Chinese model is climbing faster than it did after DeepSeek’s V4 launch in April. GLM 5.2 went live to Zhipu’s...

Aave founder Stani Kulechov has announced that the decentralized lending protocol will be expanding beyond crypto-native assets into securities-backed loans and securities lending. “Aave is expanding its TAM from Crypto assets to all assets with Securities-backend Loans and Securities Lending,” Kulechov wrote on X on June 26. This expansion will see Aave V4 become a...

A huge number of Wall Street’s technology stocks have already fallen into bear market territory after losing massive amounts from their record highs. Coinbase (NASDAQ: COIN) has fallen 69% from its all-time high. Oracle (NYSE: ORCL) and Salesforce (NYSE: CRM) have each lost 57%. ServiceNow (NYSE: NOW) is down 56%. Netflix (NASDAQ: NFLX) and Palantir...

Binance is facing a challenge in Europe as the European Union’s new crypto regulations take full effect. The exchange is set to implement possible service restrictions after failing to obtain a MICA license by the July 1 deadline. The cutoff will end the bloc’s transition period for crypto asset service providers. If not approved by...

Ethereum (ETH) trades below $1,600 on Friday following sustained risk-off sentiment across the crypto market. The top altcoin has declined by 6.7% on the weekly timeframe, stretching its 30-day loss to 23.5%.

Ethereum (ETH) treasury company Bitmine Immersion Technologies (BMNR) is set to join the Russell 1000 Index after the close of US markets on Friday, while Solana (SOL) treasury firm Upexi (UPXI) will be added to the Russell Microcap Index when markets open on Monday.​

GMO (NYSE: GMO) co-founder and Wall Street’s most famous bear, Jeremy Grantham, on Friday repeated his long-held negative view of Bitcoin, saying he expects it to slowly disappear over time instead of becoming a lasting part of the financial system. Jeremy has built a reputation by warning about major asset bubbles and has argued that...

Companies that spent the past year pushing employees to use AI tools as aggressively as possible are now struggling to manage the costs.   CFOs are now demanding to see measurable returns on the ever-increasing API bills, threatening growth projections at OpenAI, Anthropic, and other large language model providers.   Why are companies suddenly cutting back on...

The CLARITY Act has become the center of a debate in Washington, with banks, crypto companies, lawmakers, and industry leaders offering different views on the future of U.S. digital asset regulation. The debate continued after JPMorgan CEO Jamie Dimon said banks would oppose the current version of the CLARITY Act because it allows crypto companies...

Following the automated attacks that saw funds leave wallets in SecondFi, Cardano’s wallet provider formerly known as Yoroi Wallet, between June 21 and 23, affected users now have something to cheer about.  SecondFi announced that it has taken a final balance snapshot on June 26 to begin processing refunds for affected users. According to the...

Polymarket says its yearly revenue pace has climbed past $1 billion, a figure revealed as trading activity accelerates across prediction markets. The update arrived just over a month after the company opened access to its regulated U.S. marketplace by removing a waiting list that had been in place since launch. Recently, the FIFA World Cup...

Indonesia has shut down about 4.7 million social media accounts held by children under 16, the country’s communications minister said, as the government’s new rules on young users start to take hold. Officials called the figure an early sign that platforms are beginning to meet their duty to keep children safe online. The deactivations are...

Critics warn that Strategy’s financial structure is collapsing under the weight of rising dividend costs and shrinking cash reserves, yet Michael Saylor has reiterated that he will not abandon his Bitcoin strategy. Unrealized losses on Strategy’s Bitcoin reserve have climbed up around $14 billion following Bitcoin’s decline to below $60,000. Does Strategy’s financial strategy still...

Cryptocurrency exchange AscendEX is currently under pressure after multiple users reported stuck withdrawals. Blockchain investigator ZachXBT has also stated that the platform’s known hot wallets hold few liquid assets, raising questions about the Singapore-headquartered exchange capability to meet redemption demands. I recommend your team answers the following questions for the community: 1) Why are AscendEX...

SpaceX is weighing a plan to sell its own Starlink-branded mobile phone service to people across the United States, a step that would pit Elon Musk’s company against the country’s biggest phone carriers. The Financial Times reported on Friday that the company is also thinking about building its own ground-based wireless network down the line....

Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) are trading in the red on Friday after three consecutive days of losses, testing their respective make-or-break support levels. The prevailing bearish pressure weighs on the prospects of a rebound despite potential bullish RSI divergences. 

On June 25, Multicoin Capital (Multicoin) published a full valuation for HYPE, the native token of Hyperliquid, indicating annual revenues for the protocol will reach approximately $8 billion by 2028, resulting in a price target of $319 — over five times its current trading value of around $63. The firm disclosed that they have been...

Bitcoin (BTC) recovers slightly, trading at $66,000 on Friday after reaching a new yearly low of $58,115 earlier this week, its lowest level since October 2024. Institutional selling intensified as spot Exchange Traded Funds (ETFs) recorded $1.35 billion in net outflows through Thursday.

The analysis of equity rounds done by New Market Pitch shows that there was a notable growth in the investments made in the area of the AI agent enterprise business segment. It jumped from about $1.5B through 31 transactions in 2024 to about $2.9B through 50 transactions in 2025. There is enough evidence to show...

Tokenized stocks just had their biggest volume day onchain this week. This record is dropping right after the weekly transfer volume milestone that was hit last week. The latest data from Blockworks shows that spot decentralized exchanges recorded more than $565 million in tokenized equity volume on June 24. This is a daily record for...

Donald Trump Jr. stands to make a large profit from his share in the prediction market company Kalshi, but the deal is already drawing heavy criticism over possible conflicts of interest. Trump Jr. received roughly $300,000 in Kalshi equity after he signed on as a strategic adviser on January 13, 2025. Just two months after...

The optics industry has seen heavy selling, resulting in a massive decline in the stock prices of Applied Optoelectronics (NASDAQ: AAOI). The same trend was seen in the shares of Coherent (XNYS: COHR), Lumentum (NASDAQ: LITE), and Sivers Semiconductors (STO: SIVE). This proves a marked distinction within the AI industry between stocks that are being...