Since February 2025, Anthropic has launched 13 vertical AI products and has stopped consistently warning business partners before releasing tools that compete with them. The shift has hit design and enterprise software companies hard. Figma is down about 50% year to date, raising fresh questions about how AI model providers will coexist with the companies...

An alliance of U.S. state attorneys general is investigating OpenAI, issuing the company an expansive subpoena on Friday, June 12. The states are seeking documents on OpenAI’s advertising policies, user interactions, data management, and product use by children and older users. The investigation, led by New York’s attorney general, could force new scrutiny on how...

Binance CEO Changpeng “CZ” Zhao has commented on the abrupt halt of the exchange’s long-awaited space-themed listing. He assured customers’ security is at the top of their list.  The decision comes after Binance and other crypto exchanges, including Bybit and Bitget, failed to secure enough SpaceX-related shares to back tokenized exposure products tied to the...

A federal lawsuit was filed by Google on Friday against a China-based cybercrime network which, officials claim, used Google’s Gemini AI to conduct a phishing campaign that is now linked by the FBI to 3.87 million stolen credit cards and a total $1.9 billion in losses since July 2023. The network, which Google calls “Outsider...

Mark Zuckerberg confirmed in an internal memo that Meta’s broad AI reorganization was “disruptive” for many employees and said that further layoffs are not expected company-wide in 2026. He promised an increased sense of stability following a year of the company’s 10% reduction of its workforce and tens of thousands of employees shifting into new...

Abracadabra’s MIM stablecoin took a major reputation and valuation hit today June 12 as it fell as low as $0.87 across multiple chains. The dollar-pegged token’s slide adds to a growing list of algorithmic dollar tokens that have failed to hold their $1 target when liquidity dried up. The depeg on Arbitrum was flagged by...

Blockworks announced today that it acquired Messari, combining two rival crypto data and intelligence businesses into a single platform that covers more than 40,000 digital assets.  Blockworks’ acquisition came after it completed a Series A extension at a $192 million valuation. The deal represents the company’s first major financial commitment to expanding its business by...

SpaceX has turned the launch economy into the market story everyone wants access to. Reuters reported that the IPO is scheduled to debut on Friday, with the company aiming for a $75 billion raise at about a $1.8 trillion valuation, while Bloomberg-reported retail orders have already passed $70 billion. But not every investor will get...

Ethereum (ETH) rises, albeit gradually, toward $1,700 at the time of writing on Friday.

The SpaceX IPO is pulling the launch economy into the center of global market attention. Reuters reported that SpaceX’s offering has drawn more than $70 billion in retail investor orders, with total investor demand reportedly above $250 billion, while the company is aiming to raise about $75 billion at a valuation near $1.8 trillion. That...

Last October, Nvidia’s CEO Jensen Huang admitted that its market share in China had fallen to effectively zero. However, it seems Nvidia is not giving up on the Chinese market, as it is now reportedly taking orders from Chinese customers for its new Vera processor. People familiar with the discussions told Reuters that the chip...

SpaceX is approaching Wall Street with record-breaking demand behind it. Reuters reported that the company is aiming for one of the largest IPOs in history, targeting a $75 billion raise and a valuation near $1.75 trillion. Reuters also reported that the offering has attracted more than $250 billion in total investor demand. That demand is...

Circle has made the single largest USDC transfer ever on HyperEVM, following the validator approval of Hyperliquid’s much-awaited AQAv2 protocol.  Earlier today, Circle moved approximately $4.4 billion in USDC to Coinbase via AQAv2, Arkham data shows.  Both Circle and Coinbase partnered with Hyperliquid in May for the implementation of AQAv2, with Coinbase serving as the...

The latest data from Artemis shows that Polymarket just printed its best day on record with regards to spot volume. On Wednesday, June 10, the prediction market platform closed the day with a new all-time high spot volume of $818.4 million. This took place at a time when two of the biggest events of the...

The Hong Kong Mortgage Corporation Limited (HKMC) has priced its debut digital bond issuance, securing close to HK$12 billion (about US$1.5 billion) on June 11. This issuance has set a new standard globally as the largest digital bond issuance ever achieved thus far. It points towards a rise in institutional demand for digital securities and...

Metaplanet is looking to tap into Japan’s yield market with Siibo Securities, targeting a $7.1 trillion pool of idle cash and deposits with Bitcoin.  In a post on Friday, Metaplanet CEO Simon Gerovich announced the Japanese Bitcoin treasury firm has reached an agreement to buy 100% of Siiibo Securities, in a deal reportedly worth 2.1...

The cryptocurrency remains in a broader corrective bias on Friday, despite majors such as Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) holding slightly higher than early-week support levels. Bitcoin hovers around $63,500 amid a capped upside.

Gary Gensler, the former chairman of both the SEC and CFTC, has filed an amicus brief with the Sixth Circuit Court of Appeals arguing that federal law does not grant the CFTC authority over sports-related prediction markets.  Gensler, who needs no introduction to anyone with exposure to the crypto sector during the Biden administration, claims...

Andreessen Horowitz’s crypto arm, a16z crypto, has invested $100 million in Digital Asset, the company behind the Canton blockchain.  The venture capital fund is betting that privacy technology will unlock the next wave of institutional adoption, and it adds to the growing consensus that transparent ledgers, long a selling point for public blockchains, are now...

On June 11, the United States Securities and Exchange Commission (SEC) proposed to repeal rules 611 and 610(e) of the Reg NMS. The two regulations represent key regulations governing the equity markets in the United States. A 60-day public comment period is now open, with the revised regulation expected to be completed in the first...

Cardano (ADA) is trading near $0.170 at the time of writing on Friday after staging a modest rebound from last week's sharp correction. However, the recovery remains fragile as large holders have resumed reducing their positions, adding fresh selling pressure to ADA.

SpaceX begins trading on Wall Street today after raising $75 billion in a record-breaking IPO. The IPO values SpaceX at $1.77 trillion, with shares priced at $135 each. Underwriters can buy another 83.3 million shares, which could lift the IPO size to about $86 billion.

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Bitcoin (BTC) is trading above $63,000 at the time of writing on Friday after rebounding from the key 200-week Simple Moving Average (SMA) near $62,000, a level widely viewed as key long-term support.

Avalanche Treasury Co. (Nasdaq: AVAT) posted a drop of 38.13% on its first day of trading, closing at $1.85 from an initial price of $2.99 on June 11. The sharp price drop is likely to lead to doubts regarding whether institutional money will continue to invest in crypto treasuries that operate within one ecosystem and...

Bitcoin’s next big revolution lies in a new generation of “anarchistic neobanks” that have been dubbed by the founder of Blockrise, Jos Lazet, as reported by The Block. He said this as a growing number of crypto-native banks and financial platforms challenge the traditional banking model and change the way digital assets flow through the...

Pi Network (PI) is trading at around $0.120 on Friday after a modest recovery the previous day. Despite this recent rebound, traders should be cautious as a scheduled unlock of 14.8 million PI tokens on Friday could limit the token's recovery potential by increasing market supply.

In its report released on June 11, Coinbase’s Quantum Advisory Board (CQAB) urged blockchain developers and crypto holders to begin migrating toward quantum-resistant cryptography. They warned that billions of dollars’ worth of cryptocurrencies stored in wallets can be stolen by quantum computers in the future when quantum computing technology reaches a sufficiently mature stage. Major...

Bitcoin treasury company Nakamoto sold approximately 600 BTC and related derivatives, according to a statement on Thursday. The company used the proceeds to reduce debt, lower financing costs and extend the maturity of a major loan facility.

Bitcoin (BTC) is attempting to reclaim the key $64,000 resistance level on Friday after staging a modest recovery from recent declines. Ethereum (ETH) is stabilizing above $1,660 after a slight rebound, while Ripple (XRP) momentum indicators suggest weakening bearish pressure.