The New York State Department of Financial Services (NYDFS) on June 9 proposed new stablecoin regulations designed to bring the state’s existing framework into alignment with the federal GENIUS Act. The proposal preserves every dollar-backed stablecoin standard of the NYDFS that was established in its June 2022 guidance. It also touched on the provisions the...

Valdora Finance has announced the launch of its much anticipated SpaceX Vault, offering users exposure to one of the world’s most sought-after private companies through a fully automated on-chain investment structure. The launch of the pre-seed SpaceX Vault by the leading real-world asset (RWA) protocol on ZIGChain comes as Elon Musk’s rocket manufacturer and space...

The two largest tech companies in IPOs will battle for first place in what might become the biggest ever public listings on Wall Street as OpenAI and Anthropic each attempt IPOs at an eye-watering $1 trillion valuation. The combined three IPOs will be the first to raise over $195 billion from institutions in such close...

Ripple (XRP) grinds lower, trading around $1.10 at the time of writing on Wednesday. The sticky bearish outlook mirrors the broader crypto market, with major coins such as Bitcoin (BTC) and Ethereum (ETH) facing weak demand as investors de-risk.

Major crypto assets trade under intense headwinds on Wednesday, as market participants navigate complex geopolitical and macroeconomic environments. Bitcoin (BTC) has slipped toward $61,000 after its recent rebound was sold near $64,000, leaving buyers exhausted.

KB Kookmin Bank has officially become the first South Korean bank to raise $100 million through a blockchain-based dollar bond. The company used HSBC’s Orion digital asset platform for the two-year note. HSBC is acting as the sole lead manager of the deal, as KB Kookmin Bank said it expects to offset some issuance costs...

Japanese game company Enish (3667.T) sold off all of its holdings in Bitcoin (BTC) and booked a loss. It is reportedly turning toward staking in the Solana ecosystem. However, dropping BTC prices have left some major companies to reconsider their strategy. The company reportedly sold 8.063 BTC for around 79.27 million Japanese yen ($510,000). The...

Just over half of all the Bitcoin in circulation today is now underwater, according to data from CryptoQuant. As of this writing, 51.6% of supply is sitting below its cost basis, a number that has climbed from 34% in roughly a month, leaving the market split almost evenly between coins in profit versus those at...

Crypto exchange Gate released its Private Wealth Management Report for May 2026. The report suggests that quantitative trading approaches were profitable despite the decline of Bitcoin and Ether in the face of geopolitical risks. This happened when the stablecoin regulation was approaching reality in the US. The report matters for crypto market participants tracking how...

Bitcoin (BTC) extends its decline on Wednesday, trading below $61,500 at the time of writing as renewed US-Iran tensions keep the risk sentiment capped. In addition, persistent capital outflows from US-listed spot Exchange Traded Funds (ETFs) continue to fuel selling pressure on BTC.

Pi Network (PI) price edges lower on Wednesday, extending its decline for the third consecutive day this week.

Cardano (ADA) edges lower to $0.1600 at press time on Wednesday, signaling a potential extension of the 30% loss from last week. The altcoin remains under intense selling pressure, weighing on its retail support.

Billionaire financier Tim Draper believes that the conventional banking system faces a more immediate threat from quantum computing than Bitcoin does. The statements have raised a discussion about which financial institutions are at the greatest risk as the technology continues its rapid advancement into the mainstream. Draper in an X post wrote that he feels...

BNB (BNB), formerly known as Binance Coin, continues to extend its losses, trading below $585 at the time of writing on Wednesday, having corrected over 3% so far this week.

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Solana (SOL) is trading in the red below $65 on Wednesday as the broader cryptocurrency market remains under pressure. Mixed institutional demand for SOL and weak retail interest weigh on Solana, risking a steeper correction below $60.

Litecoin (LTC) remains under pressure, trading below $43 on Wednesday after suffering a steep correction last week. Bearish sentiment continues to build as derivatives metrics signal reduced bullish conviction.

OpenAI has entered talks to lease a 10-gigawatt data center in Ohio through funding provided by Nvidia. If finalized, the agreement would rank among the largest single-site commitments to AI computing ever made, signaling that the race to build physical AI infrastructure has moved into a new phase. The data center would sit on federal...

Atlas Capital CEO Reza Bandi stated that the crypto industry's next major growth phase will be driven by the tokenization of real-world assets (RWAs) rather than speculative trading.

On Monday (June 8), privacy coins rose by 4.5%, where Monero increased by 7.6% and Zcash saw an increase of about 7%. However, the sector still trades at over 12% below its price from the beginning of the month amid concerns of a recent hack of the Zcash network. Despite one day of gains, there...

Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) remain under pressure mid-week, as the broader cryptocurrency market struggles to regain recovery momentum after last week’s massive correction.

The broader cryptocurrency market is under pressure with Bitcoin (BTC) slipping below $62,000 on Wednesday amid the US launching its third wave of strikes on Iran. Hyperliquid (HYPE) and DeXe (DEXE) are leading losses over the last 24 hours, risking the prevailing upward trend. 

Global leader in AI and computing, Super Micro Computer (SMCI) has had its shares fall by about 10% in after-hours trading on Tuesday after the server maker announced plans to raise $7 billion in new financing to fund its growing AI hardware backlog. The capital raise involves two phases, with the initial phase being an...

More than 10,000 people living near a Southaven, Mississippi facility that powers xAI’s data center operations are suing xAI and SpaceX, alleging that gas-fired turbines produce round-the-clock noise that has damaged their health and property values. The federal lawsuit, filed Tuesday in Oxford, Mississippi, names xAI, its subsidiary MZX Tech, and SpaceX as defendants. Elon...

A new push to overhaul U.S. crypto tax rules is facing growing resistance in Congress, as a House hearing on six separate bills exposed sharp divisions between Republicans, Democrats, and the crypto industry. While Republican lawmakers have pushed for faster action to modernize crypto tax treatment and provide clearer rules for investors and companies some...

U.S.-registered trading platform Kalshi said some of its traders would be required to disclose their employers when they speculate on the outcome of market outcomes related to corporate earnings, new product introductions and national security-related topics, among others, spokesman said Tuesday. The new compliance layer follows recommendations from Kalshi’s Independent Surveillance Audit Committee, which identified...

Strive CEO Matt Cole and former Binance chief Changpeng Zhao, popularly known as CZ, have both voiced defiance against Bitcoin’s bearish momentum on Monday, even as the cryptocurrency trades roughly 50% below its October 2025 record high of over $126,000. CZ posted on X that “Bitcoin won’t be ‘dead’ for too long,” adding a reference...

Databricks is set to raise fresh capital at a valuation between $165 billion and $175 billion, despite being valued at $134 billion just four months ago.  Alongside this, OpenAI, Anthropic, and SpaceX are all aiming for valuations near or above $1 trillion, adding to a trend of AI firms setting astronomical valuation targets and hitting...

AI giant Anthropic has on Monday released Claude Fable 5, a general-access version of its Mythos-class AI, which the company claims outperforms every model it has previously made publicly available. In addition, a restricted variant of the Mythos AI called Claude Mythos 5 will ship to US government cyber defenders through the existing Project Glasswing...

Senator Elizabeth Warren has sent a letter to the Commodity Futures Trading Commission (CFTC) chairman Michael Selig on Monday, demanding documents related to the agency’s handling of cryptocurrency and prediction market regulation amid what she called “unprecedented presidential corruption.” In the letter, Senator Warren, the top-ranking Democrat on the Senate Banking Committee, pointed to a...