The crypto exchange will promote digital asset adoption through fan activations and product experiences at the first 48-team FIFA World Cup. Kraken has been named the official crypto exchange supporter of the FIFA World Cup 2026, giving the crypto exchange a presence at one of the world's largest sporting events. The company said Tuesday that the partnership will include fan activations and product experiences throughout the tournament. The 2026 World Cup is expected to be the largest in FIFA history, with an expanded field of 48 teams and 104 matches across 16 host cities in the United States, Mexico and Canada. FIFA projects the competition will attract a cumulative global audience of more than 6 billion viewers during its seven-week run. Read more
The Hedera-based platform combines product authentication and blockchain traceability to support compliance with new European Union sustainability and supply-chain reporting requirements. The Hashgraph Group and Merck have integrated the German tech maker's product authentication technology with TrackTrace, a Hedera-based digital product passport platform introduced in February, as businesses seek to comply with new European Union supply-chain transparency and traceability requirements. Under the arrangement, Merck's M-Trust technology embeds security markers into products and packaging that can be verified with a handheld scanner. Authentication data is then recorded on The Hashgraph Group's TrackTrace platform, creating a digital record linked to a product's Digital Product Passport. The companies said the integration combines physical product authentication with blockchain-based traceability, allowing businesses to verify both the authenticity of a product and the records associated with it. Read more
Chainalysis identified a growing attack pattern targeting unverified DeFi contracts, with hackers stealing $36.7 million across four exploits since January. Unverified smart contracts were linked to at least $36.7 million in losses across four DeFi exploits over the past six months, as attackers increasingly target protocols whose source code is not publicly available, according to Chainalysis. The largest incident involved Truebit, which lost $26.2 million after an attacker exploited an integer overflow vulnerability in a contract that had remained unverified on Ethereum since 2021. The other incidents involved Trusted Volumes, Aperture Finance and Ekubo, according to the report. In each case, the exploited contract had not been verified on a blockchain explorer, meaning its source code was not publicly available for review. According to Chainalysis, that limited scrutiny from security researchers and excluded the contracts from many bug bounty programs despite controlling user funds. Read more
Crypto lobby groups representing hundreds of organizations urged Senate leaders in a letter to schedule a vote on a key crypto bill ahead of the midterms. More than 200 crypto companies and organizations have urged the US Senate to pass the CLARITY Act, amid concerns that continued stalling could see it miss an important legislative window. In a letter on Monday shared by crypto lobby group Stand With Crypto, the group called on Senate Majority Leader John Thune and Minority Leader Chuck Schumer “to bring the Clarity Act to the Senate floor without delay.” It said the Senate Banking Committee's vote last month to pass the bill took “months of serious, bipartisan work” and the Senate should “build on that momentum and give members the opportunity to advance durable market structure legislation.” Read more
Autonomous AI and crypto could have “far-reaching consequences for users and the financial system,” IC3 researchers said. Artificial intelligence agents that have autonomous access to crypto wallets could become unstoppable if deployed maliciously or if they escape from sandboxes, experts from a leading academic research consortium warned. “Unstoppable Autonomous Agents” (UAAs) pose a clear threat if they are deployed to persist automatically and have access to digital assets, according to a June 8 industry review written by 25 academics and experts from top US universities for the Initiative for Cryptocurrencies and Contracts (IC3). “When combined systematically, crypto tools can channel AI’s fluid power into secure, reliable, and highly autonomous systems,” the researchers wrote. However, this combination could have “far-reaching consequences for users and the financial system,” they added. Read more
Bitcoin's recovery highlights investors' belief that BTC is discounted, but weak futures market activity could slow the rebound. Bitcoin (BTC) rallied toward $64,000 on Monday, but futures market activity was lagging, which may be a sign that the rebound could lose momentum. Traders placed nearly $162 million in buy orders between $57,000 and $59,000, forming one of the largest visible liquidity clusters below the current pricing, potentially setting the stage for BTC's next move. Bitcoin's recovery coincided with a decline in futures market activity. Futures data shows that the aggregated open interest fell to 255,000 BTC from 282,000 BTC during the selloff and even though Bitcoin has recovered from its drop to $59,000, the open interest remains well below last week's peak. Read more