Crypto

The former regulator joined a number of interest groups in arguing that prediction markets are overstepping their bounds by offering sports-related contracts.

The SPCX perpetual on Hyperliquid has bounced from this week’s lows, while Bloomberg says other shadow markets now imply a first-day gain of more than 35%.

LG Electronics has built a blockchain-based advertising platform with the help of Arbitrum.

A de-escalation in the Iran conflict pulled oil lower and sent global stocks higher, lifting crypto out of a wildly volatile seven days.

LG is building a blockchain focused on buying and selling ads, joining a wave of companies launching their own blockchains in recent years. South Korean tech giant LG Electronics is working with the Ethereum layer-2 network Arbitrum to build a blockchain-based advertising network aimed at serving the digital ad industry.  Arbitrum would give advertisers and publishers a shared database of ad inventory and track how customers interact with advertisements, with the company exploring how to bring the service to market this year, Fortune reported on Thursday. “We are evaluating whether this approach can deliver meaningful value to advertisers, publishers and audiences,” said Samuel Byungsun Park, the head of LG Electronics’ blockchain research lab.  Read more

Coinbase for Agents will allow users of the crypto exchange to manage their holdings without "constant manual oversight,” autonomously performing a range of tasks. Crypto exchange Coinbase has launched a tool that allows artificial intelligence agents to make payments and trade crypto on behalf of users, as crypto companies look to ride a wave of interest in AI. Coinbase said Thursday that it is launching Coinbase for Agents, which will allow AI models like ChatGPT and Claude to connect with a user’s exchange account and be prompted to make trades or execute strategies. AI agents can also make payments using Coinbase’s AI payments protocol x402, allowing the bots to pay for data services to gather information for carrying out trading strategies without human intervention. Read more

Avalanche Treasury holds about 15 million of the blockchain’s native token, AVAX, which is trading at a five-year low. The Avalanche Treasury Company saw a rocky start as it debuted on Nasdaq under the ticker AVAT on Thursday, with shares dropping 16% by the end of the day. The new company gained access to the Nasdaq after merging with special-purpose acquisition company (SPAC) Mountain Lake Acquisition in a $675 million deal first announced in October.  The company, with support from institutional backers including Dragonfly, Pantera, ParaFi Capital, VanEck, Galaxy Digital and Kraken, aims to give investors exposure to the Avalanche blockchain ecosystem without holding the cryptocurrency.  Read more

The latest data suggests pressure is building gradually rather than triggering the widespread shutdowns seen during previous bear markets.

With $1.9 billion exiting the spot Bitcoin ETFs and tech stocks under pressure, BTC is failing as a hedge and at risk of falling below the $60,000 support. Key takeaways: The Nasdaq 100 Index dropped 7.5% in the seven days leading up to June 10, wiping out $2.7 trillion in market value. The fallout represents more than twice the entire Bitcoin (BTC) market capitalization and has put traders on alert, especially as inflation data feels the heat from high oil prices. Traders now fear that Bitcoin support near $60,000 stands at risk. Read more

Sam Altman is weighing drastic token price cuts to fight Anthropic. The problem is DeepSeek already made that argument for him—and for free.

Coinbase's quantum advisory council says crypto developers should begin post-quantum migration work now, warning that unresolved questions around abandoned and vulnerable coins could become one of Bitcoin's biggest battles.

Low trading volume reflects a reluctance among market participants to make aggressive bets in either direction right now.

The US banking giant's blockchain marketplace will offer tokenized depositary receipts of private company shares amid Wall Street's broad embrace of tokenized assets. Citigroup is launching a blockchain-based marketplace for private company shares, looking to give wealthy and institutional investors a new way to gain exposure to pre-IPO firms as Wall Street pushes deeper into tokenized finance. According to The Wall Street Journal, the platform will use tokenized depositary receipts issued by Citi, which represent ownership interests in private companies. The offering will initially be initially available to foreign investors, with US access planned at a later date. The initiative allows investors to invest in private company shares “right next to their Apple stock, Citi digital asset executive Artem Korenyuk told the Journal. Read more

Crypto traders have turned Elon Musk’s expected SpaceX listing into a round-the-clock proxy market, pushing more than $1 billion through SpaceX-linked perpetual futures in the last three days as investors try to front-run one of the largest public offerings in Wall Street history. The shift comes as retail investors face limited allocations in a heavily […] The post Elon Musk’s SpaceX IPO fever sparks $1 billion crypto bet before Nasdaq debut appeared first on CryptoSlate.

Ripple's Brad Garlinghouse spoke out against JPMorgan CEO Jamie Dimon and his comments on the key piece of crypto legislation.

Brad Smith published a 3,000-word essay urging empathy for graduates booing AI at commencements. The same week, Microsoft's CFO confirmed headcount will keep shrinking.

Nakamoto, the Nasdaq-listed Bitcoin services and treasury firm, sold about $48 million worth of BTC and derivatives to help reduce debt.

The company's fully diluted value will be about $1.8 trillion, with the stock set to open for trade on Friday on the Nasdaq.

"If the next bull run comes, I wouldn’t be surprised to see Cardano make another crazy move," one X user stated.

ETH traders increased their long positions as Ether price traded near 2026 lows. Will ETH’s rebound eclipse the BTC recovery? Ether (ETH) traders are increasing their leveraged long positions despite ETH price being down 44% in 2026. Ether's futures open interest at Binance has climbed to a record 3.7 million ETH, with the exchange accounting for more than 44% of total Ether futures. Crypto analyst Darkfost noted that Ether futures activity has improved despite rising uncertainty driven by geopolitical tensions and weakening economic conditions. The analyst noted that Binance now holds nearly 3.7 million ETH in open futures contracts, marking a new all-time high for Ether open interest on the exchange. Read more