The Kraken crypto exchange and Maple Finance have launched an onchain warehouse lending facility that channels USDC liquidity from Maple’s collection of lenders to Kraken’s over-the-counter borrowers, applying the structural framework behind traditional asset-backed securities to crypto lending for the first time. Lending facility details Maple will provide the senior financing through a special purpose...

Markets have not opened yet, but investors are already lining up to take the action on IBM’s stock (NYSE: IBM) as the tech giant revealed what it calls the first chip technology to go under the 1-nanometer technological barrier.  The news has sent IBM shares up nearly 4% in pre-market trading, a necessary shot in...

The European Union is stepping up its regulation of big tech, this time turning its attention to artificial intelligence and cloud computing. On Thursday, the European Commission announced plans to designate Microsoft Azure and Amazon Web Services as gatekeepers under the bloc’s Digital Markets Act (DMA). The two companies are the world’s largest cloud service...

The broader cryptocurrency market remains under immense downward pressure as investors' interest shifts toward lucrative AI and memory stocks. Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) are holding above their June 6 lows, with bulls hoping short-term resilience will ward off sellers. 

Canopy, an AI-native blockchain development framework, today announced an $8.5M seed round. The funding will support Canopy’s mainnet launch, expand the engineering team, and continue developing its AI-native tooling and developer experience.  Additionally, the company welcomed Arrington Capital, Fenbushi Capital, Borderless Capital, and SNZ Capital as key stakeholders through the recent acquisition, bringing in additional...

U.S. Treasury Secretary Scott Bessent said the country’s pressure campaign pushed Iran into talks, claiming the government in Tehran was forced to negotiate after its finances collapsed. “We have laid Iran’s economy to waste, that’s what brought them to the table,” Bessent said while talking about where the American economy goes after the war with...

Security firm Novee has revealed Cordyceps as a class of exploitable CI/CD vulnerabilities across open-source repositories that allowed attackers to steal credentials, push malicious code, and compromise operations at some of the world’s largest software organizations. These vulnerabilities have been found across repositories belonging to Microsoft, Google, Apache, Cloudflare, and the Python Software Foundation, which...

The American Arbitration Association (AAA) and blockchain documentation firm Integra Ledger on Wednesday, June 24, released the Legal Context Protocol (LCP), an open standard designed to attach verifiable legal terms to transactions conducted by autonomous AI agents.  Google, IBM, Circle, Wayfair, and more than a dozen blockchain and infrastructure companies signed on as founding contributors....

Russian authorities are delaying the introduction of a new law regulating cryptocurrency transactions in the country, according to the finance ministry. The legislation was supposed to enter into force no later than the first day of next month. While legalizing crypto investment, it will ban advertising. Russia to miss July 1 deadline for crypto regulation...

Avalanche (AVAX) trades above $6.50 at the time of writing on Thursday, extending its recovery and gaining nearly 7% so far this week. The rebound is supported by improving conditions in the derivatives market despite muted institutional demand.

Europe and Japan have notoriously got the nametag for being some of the strictest regulatory blocs in crypto. Ripple has managed to clear them in a single week. RLUSD went live in Japan on June 24 after the country’s Financial Services Agency signed off, days after Ripple secured preliminary clearance under Europe’s MiCA framework.  The...

Bitcoin (BTC) hovers around $62,000 on Thursday, recovering from a brief dip below $60,000 the previous day.

Ouinex, the user-driven multi-asset exchange, is permanently eliminating commissions on all its traditional finance (TradFi) derivatives products. Unlike platforms that layer fees on top of inflated spreads, Ouinex’s revenue comes entirely from a portion of the spread itself, meaning the platform only benefits when traders receive tight, competitive pricing.  This initiative challenges the prevailing “retail...

The Supreme People’s Procuratorate of China (SPP) disclosed a cross-border narcotics and money-laundering case in which a defendant identified as Li Moubo was sentenced to death after converting more than 48-million-yuan (about $7.04 million) worth of drug proceeds through virtual currencies. The case demonstrates Beijing’s resolve to unleash its heaviest criminal penalties against any crypto-facilitated...

CoinUp founder Queenie Li moved to reassure the platform’s users on June 24 after Binance co-founder Yi He accused an individual linked to CoinUp of impersonation and fraud, triggering fears of an exit scam and sharp volatility in the exchange’s CPX token. The controversy began when Yi He posted on X alleging that a person...

A new AI lab staffed by veterans of Anthropic, OpenAI, Google DeepMind, and xAI has raised one of the largest seed rounds in artificial intelligence history, highlighting continued investor demand for startups pursuing frontier AI research. Mirendil, co-founded by former Anthropic researcher Behnam Neyshabur, raised $200 million in seed funding at a valuation of roughly...

Bitcoin (BTC) recovers slightly, trading at $61,700 on Thursday after reaching a new yearly low of $59,103 and a 21-month low the previous day. This bearish price action is supported by the ongoing institutional sell-off, which recorded an outflow of over $469 million on Wednesday.

By offering commercial banks’ financial incentives for processing payroll transactions via the Bank of Russia’s digital ruble platform, Russia seeks to convince other nation-states that utilizing digital currencies will become popular among consumers. If successful, this plan may encourage countries around the world to utilize digital currencies, as well as challenge the broader narrative that...

The tech company Anthropic claimed that Alibaba was creating fake accounts to circumvent restrictions and get access to their Claude AI system. US-listed Alibaba stock fell about 2.7% to a 52-week low following reports of the allegations, extending the company’s broader 2026 decline. This attack was described by the company as “the largest campaign ever to...

Kalshi, a prediction market platform, is in talks for a new capital raise that could bring its valuation to about $40 billion, according to the Financial Times. The new round could be completed as soon as Q3 2026 and would nearly double the valuation of the platform from its $1 billion Series F in just...

Pi Network (PI) price remains under downside pressure amid declining social interest, likely influenced by the broader market risk-off sentiment. The upcoming Pi2Day on Sunday marks the first-year anniversary of Pi App Studio, Ecosystem Directory Staking, and other network updates.

Ripple (XRP) remains under pressure, trading at $1.06 on Thursday after losing nearly 5% so far this week. Ripple and SBI Group partnered to launch RLUSD stablecoin in Japan following approval from the Japan Financial Services Agency (JFSA) on Thursday, but the move failed to lift sentiment.

Aave (AAVE) extends its rally, trading above $81 on Thursday after closing above its key resistance and surging more than 10% the previous day. The bullish move is supported by improving on-chain metrics, with USDT deposits flowing back into the protocol and strengthening its lending ecosystem.

The broader cryptocurrency market remains under intense selling pressure, with Bitcoin (BTC) back at $60,000 for the third time this year. On-chain data shows selling pressure from large-wallet investors, commonly referred to as whales, while total liquidations hit nearly $1 billion in 24 hours.

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San Francisco-based Ground emerged from stealth on June 24 with $3.6 million in a pre-seed round co-led by Bain Capital Crypto and ParaFi. The financing closes a fundraise that began in September 2025 and wrapped the following month under a SAFE structure with token warrants. No investors received board seats or advisor positions. The startup...

Micron Technology (NASDAQ: MU) turned AI memory demand into a monster fiscal third quarter, with revenue of $41.46 billion and adjusted earnings of $25.11 per share. That was far above the $35.84 billion in revenue and $20.78 in adjusted EPS expected by analysts tracked by London Stock Exchange Group (LSE: LSEG). The stock jumped 15%...

The crypto market has erased more than half of its value since reaching an all-time high in late 2025. The decline underscores the severity of the recent bear market and lack of a fresh catalyst to revive investor interest, according to a Wednesday X post by The Kobeissi Letter.

Ethereum (ETH) has fallen toward the $1,600 level, down over 3% on Wednesday as risk-off signs persist across key onchain metrics.

President Donald Trump has refused to sign Congress’s bipartisan housing affordability bill, freezing a four-year prohibition on a Federal Reserve digital dollar.  The President’s refusal also puts the much-anticipated CBDC ban and CLARITY Act on hold, raising questions about whether the bills will pass before the Senate breaks for summer. Trump cancels housing bill signing ...