Crypto

The Bitcoin network is poised to execute one of the largest downward adjustments to its mining difficulty in its 17-year history this weekend, a stark reflection of the severe margin compression forcing operators to take hardware offline. The automated recalibration, scheduled to occur on June 13 at block height 953,568, is projected to slash the […] The post Bitcoin faces one of its biggest mining difficulty drops as miner margins collapse appeared first on CryptoSlate.

The SpaceX IPO is a "double-edged sword" for crypto, said one of the AIs.

Morpho’s recent $175 million raise reflects growing investor bets on onchain credit infrastructure as stablecoin adoption expands. Investors are increasingly backing stablecoin and credit infrastructure rather than decentralized finance (DeFi) lending alone, with Morpho Labs' latest funding round drawing attention to onchain credit markets, according to Spark CEO Sam MacPherson. Morpho announced Tuesday that it raised $175 million in a round led by Paradigm, a16z crypto and Ribbit Capital. While Morpho is widely known as a DeFi lending protocol, the company said that it aims to become a credit infrastructure layer for banks, asset managers and fintechs. Onchain credit markets allow users and institutions to borrow, lend and deploy capital using blockchain-based assets. Investors are betting the sector will grow alongside stablecoins and other tokenized financial products. Read more

The XRPL AI Starter Kit gives developers tools for agent payments, but early x402 activity has clustered on Base and Solana. Ripple’s bet is that XRPL’s speed, low fees and RLUSD can win a piece of that flow.

Garlinghouse Accuses Dimon of Protecting $20B Payments Empire The post Ripple CEO Accused Jamie Dimon of Lying About CLARITY Act And Called Out $20Bn Reason Why appeared first on Cryptonews.

DraftKings told investors on June 9 that its prediction markets business is scaling fast, and the market liked what it saw. The company's Form 8-K reported that May 2026 annualized consumer volume in its Predictions offering rose 24% month over month to $1.3 billion, while annualized total volume traded climbed 34% to $3.1 billion. Shares […] The post Legacy sportsbooks are chasing prediction markets that already trade billions each month appeared first on CryptoSlate.

The situation with the spot Ethereum ETFs is quite similar.

SEC Plans to Scrap Rule 611: What It Means for Tokenized Stocks The post SEC Plan to Scrap Rule 611 Could Be the Biggest Regulatory Unlock Yet for Crypto Tokenized US Stocks appeared first on Cryptonews.

Wall Street got to trade Bitcoin around the clock just in time to watch the market fall apart. CME Group launched 24/7 trading for its crypto futures and options on May 29, and over the first weekend, more than 7,200 contracts changed hands, worth roughly $50 million in notional value. Within days, Bitcoin had slid […] The post Are 24/7 CME Bitcoin futures a volatility cure — or a new leverage trap? appeared first on CryptoSlate.

XMR has dropped the most over the past 24 hours, losing 12% of value.

The path for ETH south seems the steepest, according to the analyst. In contrast, XRP might be the closest to its bottom.

Meanwhile, the PI token remains just inches above its recent all-time low.

A Coinbase-convened panel says Bitcoin should start preparing for quantum attacks now, but declines to take a position on whether millions of vulnerable coins, including many linked to Satoshi Nakamoto, should eventually be frozen.

A jailbreak report prompted Washington to pull Fable 5 and Mythos 5 from all users. Anthropic complied but pushed back hard, saying the finding sets a standard that would halt the entire AI industry.

A tiny Strategy sale raised a bigger question about Saylor’s never-sell stance, while easing Iran fears, and a strong SpaceX debut helped risk assets recover.

Crypto platforms promised early access to the blockbuster SpaceX IPO through tokenized shares. The problem wasn't technology, but getting the actual stock.

Demand for ETH leverage remains low, but corporate accumulation and stakers’ dedication may prevent an Ether price crash to $1,500. Key takeaways: Ether (ETH) price failed to reclaim the $1,700 level over the past week, tracking a broader weakness across cryptocurrency markets. This correction contrasts sharply with the bullish momentum seen in the US stock market. Traders worry that Ether's appeal has faded due to sluggish on-chain activity and a distinct lack of demand for bullish leveraged positions. Read more

Anthropic has abruptly disabled its flagship AI models after a US government directive citing national security concerns. Anthropic said it suspended access to its Fable 5 and Mythos 5 AI models after receiving a US government export control directive citing national security concerns. In a statement posted Friday, Anthropic said it received the directive at 5:21 pm ET, instructing it to suspend all access to Fable 5 and Mythos 5 by any foreign national, whether inside or outside the United States, including foreign national Anthropic employees.  Anthropic abruptly disabled the models for all users in order to ensure compliance. It said all other Anthropic models, such as Opus 4.8, are not affected. Read more

Elon Musk’s SpaceX completed its landmark IPO on the Nasdaq on Friday, but crypto users seeking tokenized exposure to the IPO were left empty-handed after allocations fell through. Crypto trading platforms Bybit, Binance, Bitget Wallet and MEXC canceled their tokenized SpaceX IPO campaigns as SpaceX went public on the Nasdaq on Friday.  SpaceX’s IPO, which was reportedly more than four times oversubscribed, raised $75 billion as it became a publicly traded company. SpaceX shares opened for trading at $150 on Friday, up from its IPO price of $135. It closed the day at $161.11, valuing the company at over $2 trillion.  However, major crypto platforms offering tokenized access to the IPO were unable to fulfill demand for SpaceX allocations, with several blaming Kraken-owned xStocks’ inability to deliver the underlying assets.  Read more

New data from Galaxy Research suggests that Bitcoin's floor price may not drop as low as previous bear markets, but the bottom-finding process is still playing out. New research from Galaxy Digital suggests that Bitcoin's cycle low could form at higher price levels than previous bear markets due to the absence of speculation. The analysis places the potential bottom between $62,000 and the network's realized price at $53,600. Galaxy head of research Alex Thorn analyzed every Bitcoin cycle top and bottom and noted that the four-year cycle continues to track closely with BTC’s historical timing. The peak-to-trough declines have steadily narrowed across market cycles, falling from 85% and 84% in earlier periods to 77% in 2022 and 51% in 2026.  Read more