Crypto

The SPCX perpetual still trades above SpaceX’s $135 offer price, but it has fallen sharply from its May highs as traders mark down the first-day premium.

A security researcher used AI-assited auditing to uncover a major flaw in the Zcash protocol that could have allowed undetectable counterfeit ZEC inside the network's Orchard shielded pool.

Meanwhile, the spot DOGE ETFs continue to disappoint with lackluster performance.

South Korea's national police has been battling crypto-enabled crimes from DPRK-state level threats to scams targeting retail investors. Blockchain security firm Chainalysis is strengthening its collaboration with South Korea’s national police to crack down on crypto crimes, including those involving North Korea. Chainalysis said on Wednesday that it signed a memorandum of understanding with the Korean National Police Agency (KNPA), aimed at building investigative capability within South Korea’s law enforcement.  Chainalysis said one of the driving factors behind the agreement is to better combat North Korea-linked crypto attacks, with South Korea’s police “at the forefront” of tackling these threats. However, Chainalysis's country director Ryan Kwon said agreement aims to tackle all threats. Read more

The exchange joins Binance, Kraken, Bybit and Coinbase rolling out products tied to SpaceX's anticipated public debut. Blockchain.com has launched 24/7 perpetual trading for institutional clients through its OTC desk, offering around-the-clock exposure to stocks, equity indices, commodities, foreign exchange markets and pre-IPO companies. The rollout includes a SpaceX-linked perpetual contract, allowing eligible investors to take positions tied to the aerospace company's anticipated public listing. According to the company, the contract is already live through its OTC desk. Blockchain.com said the new service is intended for institutions seeking continuous market access outside traditional trading hours. The company said clients can use the platform to hedge or adjust positions across multiple asset classes, including on weekends when most traditional markets are closed. Read more

NEURA plans to integrate Tether's wallet and AI technologies into its robotics platform, enabling autonomous payments and on-device computing for machines. Tether is leading a funding round of as much as $1.4 billion for German tech company NEURA Robotics, deepening the stablecoin issuer's push into artificial intelligence and robotics. The round, which values NEURA at roughly $7 billion, is expected to include a mix of strategic and financial investors. Tether said it is leading the raise through its investment arm, which deploys capital from the company's profits and excess reserves across sectors including AI, energy and digital infrastructure. NEURA said it expects to integrate Tether's Wallet Development Kit into its robotic systems, enabling machines to receive payments and execute transactions within predefined parameters. The companies also plan to deploy Tether's QVAC AI runtime, which is designed to run models directly on devices rather than through cloud-based infrastructure. Read more

The Hyperliquid Policy Center and Paradigm say the Treasury’s money-laundering rules for the GENIUS Act are too onerous for stablecoin issuers. The lobbying arm of crypto futures exchange Hyperliquid and venture capital firm Paradigm has urged the US Treasury to revise a proposed anti-money laundering and sanctions rule for stablecoin issuers. The Hyperliquid Policy Center and Paradigm said in a letter on Tuesday that some secondary market obligations should be clarified or narrowed “to avoid unintended consequences for permissionless blockchain infrastructure and the DeFi ecosystem.” The pair said they endorse the Financial Crimes Enforcement Network’s (FinCEN) approach of putting compliance obligations on the “primary market,” such as issuers who have customer information, and taking a “limited approach” to the secondary market, where issuers only see wallets and transactions. Read more

Retail traders have written off Ethereum as it falls to bear market lows, but there could be a positive outcome. 

“The same insider trade that improves the accuracy of the price today can reduce the participation that makes the price informative tomorrow,” said Balbinder Singh Gill. Prediction market regulators should consider a measured approach to insider trading enforcement as opposed to an outright ban, according to research from an academic at the Stevens Institute of Technology. In a paper released on June 2, assistant professor of finance Balbinder Singh Gill developed a formal economic model to answer the question of how strictly insider trading in prediction markets should be policed. A paradox exists in that “the same insider trade that improves the accuracy of the price today can reduce the participation that makes the price informative tomorrow,” he said.  Read more

Core inflation rose less than feared in May, but markets have turned lower in afternoon trade.

XRP lost the $1.13 area on elevated volume, leaving traders focused on whether the latest selloff marks a final washout or the start of a deeper move toward $1.00.

The relief rally that lifted crypto off last week's lows is unwinding alongside tech stocks and gold, with traders bracing for a US inflation print and a Warsh Fed that may stay hawkish.

Net assets of U.S.-listed spot ETFs have fallen to levels last seen just after Trump won the election in early November 2024.

Venture capitalist Simon Dedic said Anthropic’s latest AI models drop the cost and skill needed to find crypto exploits to “basically zero.” AI company Anthropic on Tuesday released the first public version of its powerful Claude Mythos model, called Fable 5, with some crypto users worried it could be used for malicious purposes, despite embedded guardrails.  Anthropic said last month that its Mythos model uncovered more than 10,000 high or critical-severity vulnerabilities in “systemically important software,” leading many to question if it should be publicly released. This is despite the company saying on Tuesday that Fable 5 was “made safe for general use,” and has safeguards that reroute some topics, such as cybersecurity, to a different model, Claude Opus 4.8  Read more

Data indicates that a significant portion of XRP holders remain under pressure, while transaction demand continues to sit well below previous cycle highs.

Pro-crypto Democrats questioned staking and mining tax exemptions Tuesday, while party leadership said the bills may need to wait until after the midterms.

Token approvals often accumulate unnoticed over time, creating potential exposure if previously trusted contracts become compromised.

Ether’s futures open interest fell by 25%, putting pressure on the $1,500 support level. Is a drop to $1,000 next? The Ether (ETH) futures market saw its open interest (OI) on Gate.io fall by 45% to levels last seen in April 2025. At the same time, nearly 480,000 ETH left Binance, OKX, Gemini and Bitfinex over the past few days, reducing the exchange-held supply.  The combined shift highlights a market with less leverage and declining exchange balances, placing greater focus on the $1,500 support zone, which some analysts view as critical to preventing a deeper move toward $1,000.  Ether's futures market has undergone a broad reset during the recent sell-off. Crypto analyst Amr Taha noted that total ETH open interest across exchanges has dropped 25%, to $12.6 billion from $16.6 billion in May, with several major trading platforms now at levels last seen in April 2025. Read more

The effort to push several tax bills is meant to be bipartisan, but the parties may not be comfortable with all details of the seven bills weighed by the panel.

The European Commission has issued interim measures forcing Meta to restore third-party AI access to the WhatsApp Business API within five days.