Crypto

ETH's next major bullish phase could begin only after the crypto revisits historically important accumulation levels.

Digital Asset raised $355M in an a16z‑led round at a $2B valuation, extending a Wall Street‑backed funding run as banks ramp up pilots on its Canton Network blockchain. [Update June 11, 1:50 pm UTC. Adds commentary from Yuval Rooz, cofounder and chief executive of Digital Asset, in the fourth and fifth paragraph] Digital Asset Holdings has raised $355 million in a new round led by Andreessen Horowitz’s crypto arm, highlighting Wall Street’s accelerating push into permissioned blockchain infrastructure. A16z crypto contributed $100 million, alongside 7RIDGE, the Abu Dhabi Investment Authority, Citadel Securities and Optiver, in a deal that values Digital Asset at around $2 billion, according to a Thursday Bloomberg Law report citing people familiar with the matter. Read more

John Hoffman will spearhead Ondo's expansion from tokenizing individual assets to full investment portfolios and strategies.

Hungary’s government said it will unwind crypto trading restrictions that required approved validation for conversions and exposed users and service providers to criminal liability. Hungary is set to decriminalize crypto trading, reversing restrictions that imposed potential jail terms for certain crypto-to-fiat and crypto-to-crypto transactions, according to Tisza government spokesperson Anita Köböl.  Speaking at a Thursday press conference, Köböl said Hungary would unwind rules introduced last year that required approved validation for crypto conversions and attached criminal penalties to violations. She said the restrictions contributed to a decline in crypto trading activity in the country.  “This was an unnecessary piece of legislation. It made practical operation impossible and frightened the market participants,” Köböl said, according to a translation by Cointelegraph. “The criminal consequences also negatively impacted several hundred thousand people.” Read more

While some analysts argue investors are selling bitcoin to free up capital for anticipated IPOs such as SpaceX and Anthropic, Sygnum's Fabian Dori says market data points elsewhere.

The pace of outflows from U.S. spot Bitcoin ETFs has “moderated,” with analysts assessing whether selling pressure is exhausting.

Is there light at the end of the tunnel for XRP?

Japan’s Lower House reportedly passed a bill that would bring crypto under the country’s financial instruments framework, potentially opening the door to ETFs and lower tax treatment. Japan’s Lower House reportedly passed a bill that would bring crypto assets under the country’s financial instruments framework, potentially opening a path to exchange-traded funds (ETFs) and lower tax treatment for digital assets.  The bill would move crypto assets closer to the regulatory treatment of stocks and bonds by subjecting them to stricter trading rules, Bloomberg reported on Thursday. The legislation is expected to take effect next year after going through the Upper House.  The proposed changes could lower the capital gains tax on crypto assets like Bitcoin (BTC) and Ether (ETH) from a current maximum of 55% to a 20% flat rate, in line with stocks and bonds. The tax change is expected to take effect in 2028. Read more

BEAT has reached its most overbought readings on record, raising the odds of a 35% price decline in the coming days. BEAT, the native token of AI music platform Audiera, has exploded higher over the past month, surging more than 1,500% to a record high of $9.20 even as Bitcoin (BTC) and Ether (ETH) fell roughly 25% and 30%, respectively, in the same period. BEAT/USD vs. BTC/USD and ETH/USD 1-month price performance. Source: TradingView Read more

The proliferation of new frontier AI models is the main catalyst behind the latest resurgence in DeFi hacks, according to Immunefi CEO Mitchell Amador. New artificial intelligence (AI) models have shifted the cybersecurity playing field in favor of attackers, causing a “vulnerability apocalypse” that led to the resurgence in decentralized finance (DeFi) hacks, according to Mitchell Amador, the CEO of bug bounty platform Immunefi. The proliferation of new AI models, such as Claude Opus 4.8 and ChatGPT 5.5, is the main reason that led to the resurgence in crypto hacks in 2026, Amador told Cointelegraph at the recent WAIB Summit in Monaco. Hacking activity across the industry surged in April 2026, with illicit actors stealing more than $634 million from cryptocurrency platforms, the highest monthly total since the Bybit hack helped drive losses to roughly $1.4 billion in February 2025, according to DefiLlama data. Read more

Citadel says the AI boom may be running into a cost wall, and Tether just led a $1.4B round into humanoid robotics.

The two bitcoin treasury leaders renewed the debate over Strategy's mNAV and dilution, with Saylor arguing that equity issuance for cash strengthens, rather than dilutes, shareholders.

Solana spot ETF AUM crossed $1 billion by month-end, following $115.3 million in net inflows in May, the best monthly figure of 2026. The market cap of tokenized real-world assets hit $2.8 billion, stablecoin supply crossed $16.4 billion, perps volume reached $64.6 billion, and Solana accounted for 97% of cumulative on-chain tokenized-equity spot trading volume. […] The post Why is Solana falling despite ETF inflows and booming activity? appeared first on CryptoSlate.

pERC-20: Ethereum's New Private Token Standard Explained The post Ethereum News: Ethereum’s pERC-20 Proposal Would Make Token Transfers Private by Default appeared first on Cryptonews.

The warning echoes the IMF's concerns over crypto adoption, including previous clashes with El Salvador over Bitcoin accumulation.

The previous measures included possible prison sentences for certain violations.

Your day-ahead look for June 11, 2026

ADA Price Hits 2020 Low — Can Flare's FXRP Save Cardano? The post Cardano News: ADA Hits Multi-Year Low as Whales Sell, Can this be The End of Cardano? appeared first on Cryptonews.

South Korean police have placed Lee Jae-won under investigation for bribery over allegedly hiring a legislator’s relatives.

The funding round now follows a previous one from May, in which Canton Network's developer raised $300 million.