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  • Bitcoin tops $67K following US-Iran peace deal: Is it a bull trap?
    Cointelegraph.com - 22:28 Jun 16, 2026
    Despite Bitcoin derivatives data highlight traders’ skepticism even though BTC briefly rallied above $67,000. Are bulls stepping into a trap? Key takeaways: Bitcoin derivatives show weak conviction with 2% futures basis and elevated put options premium signaling caution. Institutional buying via $86 million ETF inflows plus Strategy’s (MSTR US) ongoing accumulation counters market fear. Read more
    Tags: Bitcoin
  • Here’s what happened in crypto today
    Cointelegraph.com - 21:26 Jun 16, 2026
    Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, Web3 and crypto regulation. Today in crypto, the industry observers are focused on crypto PAC spending in Alabama, Robinhood’s cutting 10% of its workforce despite CEO Vlad Tenev saying the business "has never been stronger" and Bitcoin's recovery that remains tied to prospects for a US-Iran deal. Crypto PAC has $12M stake in Senate primary runoff as Alabama voters head to polls Defend American Jobs, the cryptocurrency company-backed political action committee (PAC) affiliated with Fairshake, reported spending millions of dollars to support a Republican candidate’s run for a US Senate seat in the party’s Tuesday primary runoff in Alabama. Read more
    Tags: Here
  • Tokenized asset market tops $43B as institutions accelerate blockchain adoption
    Cointelegraph.com - 20:55 Jun 16, 2026
    Tokenized financial assets have surged 37% in six months as institutions expand blockchain adoption and the market broadens beyond funds and private credit, according to Token Terminal. The market for tokenized real-world assets (RWAs) continues to expand despite broader weakness in crypto markets, with the value of onchain financial assets climbing sharply over the past six months as traditional financial products migrate onto blockchain rails. According to Token Terminal, tokenized assets now exceed $43 billion in market value, up roughly 37% over the past 180 days. The figures exceed those reported by other industry trackers, most notably RWA.xyz, which values the combined RWA market at less than $33 billion. The discrepancy likely reflects methodological differences, with Token Terminal including a broader range of tokenized financial assets. Read more
    Tags: Tokenized
  • Bitcoin metric near ‘low-risk’ zone after holders absorb 125K BTC in June: Time for a rebound?
    Cointelegraph.com - 19:54 Jun 16, 2026
    Bitcoin’s Sharpe ratio and a 125,000 BTC increase in BTC accumulator demand mark the start of a new demand phase. Will prices follow? Bitcoin’s (BTC) risk-adjusted return profile is approaching levels historically aligned with long-term accumulation zones. The Sharpe ratio, a metric that measures return relative to volatility, dropped to -20, a threshold that marked major Bitcoin bottoms in every bear market since 2015. At the same time, BTC exchange reserves have fallen by roughly 80,000 BTC since February, while demand from accumulator addresses more than doubled to 240,000 BTC from 115,000 BTC during the first two weeks of June. BTC's Sharpe ratio revisits a historical bottom zone Read more
    Tags: June Bitcoin
  • Crypto PAC has $12M stake in Senate primary runoff as Alabama voters head to polls
    Cointelegraph.com - 19:45 Jun 16, 2026
    Defend American Jobs reported spending $7.4 million on media to support Republican Barry Moore ahead of his May 20 Alabama primary, and an additional $4.7 million before Tuesday’s runoffs. Defend American Jobs, the cryptocurrency company-backed political action committee (PAC) affiliated with Fairshake, reported spending millions of dollars to support a Republican candidate’s run for a US Senate seat in the party’s Tuesday primary runoff in Alabama. As of Tuesday, filings with the Federal Election Commission (FEC) showed that Defend American Jobs had spent more than $4.7 million on media and ads to back Republican Barry Moore’s candidacy in a runoff for one of Alabama’s US Senate seats, adding to the $7.4 million it reported spending ahead of his May 20 primary. Moore, who also has the endorsement of US President Donald Trump, is running against Jared Hudson, another Republican vying to replace Tommy Tuberville, who announced that he would not be seeking reelection, as he is focused on becoming the state’s ne...
    Tags: Senate Alabama
  • Coinbase lets users transfer stock portfolios as exchange expands beyond crypto
    Cointelegraph.com - 19:31 Jun 16, 2026
    The crypto exchange is deepening its push into traditional finance by enabling ACATS stock transfers and expanding trading products beyond digital assets. Coinbase is allowing users to transfer existing stock portfolios onto its platform, marking another step in the company’s push beyond cryptocurrency trading and toward becoming a full-service financial platform. On Tuesday, Coinbase unveiled expanded stock and exchange-traded fund (ETF) trading through Coinbase Advanced, its platform for active traders, allowing US users to transfer existing portfolios from other brokerages directly onto the exchange. The update builds on the stock and ETF trading service Coinbase launched earlier this year, which initially provided access to roughly 6,000 securities. The company is also offering zero-commission trading, TradingView charting tools, fractional shares and up to 3.5% rewards on eligible USDC (USDC) balances. Read more
    Tags: Coinbase
  • XRP whale wallet withdrawals top 720M as risk-adjusted return data points to opportunity
    Cointelegraph.com - 18:44 Jun 16, 2026
    Whales pulled more than 720 million XRP from exchanges, as various data points converge to predict a potential 50% rally. Since June 3, more than 720 million XRP (XRP) tokens have left crypto exchanges, and Upbit's share of XRP wallet flows has climbed to its highest level since May 2024. The shift comes as XRP rebounded to $1.30 on Monday, with large holder activity continuing to dominate exchange flows and market indicators signal an ideal accumulation period amid lingering weakness. Whales dominate XRP exchange flows Read more
  • State Street launches GENIUS Act-aligned money market fund for stablecoin reserves
    Cointelegraph.com - 17:28 Jun 16, 2026
    The launch comes amid growing competition among financial institutions to manage assets backing dollar-pegged stablecoins. State Street Investment Management has launched a money market fund designed for stablecoin issuers, offering a vehicle for holding reserve assets under the framework established by the GENIUS Act. The fund is structured as a Rule 2a-7 government money market fund and will invest in assets commonly used to back stablecoins, including US government securities and repurchase agreements. The fund's initial investors include State Street Bank and Anchorage Digital, a federally chartered crypto bank. State Street said the product was designed to comply with reserve requirements established under the GENIUS Act, which was signed into law on July 18, 2025, creating the first federal regulatory framework for payment stablecoins in the United States. Read more
    Tags: State Street
  • Ripple targets Africa’s booming remittance market with Flutterwave investment
    Cointelegraph.com - 17:28 Jun 16, 2026
    Ripple’s investment in Flutterwave will bring RLUSD, Ripple Payments and XRPL to one of Africa’s largest fintechs as blockchain remittances gain traction. Blockchain payments company Ripple has acquired an equity stake in African fintech giant Flutterwave, deepening its push into one of the world's fastest-growing cross-border payments markets. Flutterwave CEO Olugbenga Agboola said the undisclosed investment values the company at $3.3 billion, according to Bloomberg. The deal gives Ripple exposure to Africa’s fast-expanding payments ecosystem while providing Flutterwave with additional resources to scale its financial infrastructure. The investment makes Ripple a shareholder rather than an owner or commercial partner. Flutterwave operates in 35 African countries and has recently expanded its digital asset offerings by integrating stablecoin payment services. Read more
    Tags: Africa Ripple Flutterwave
  • Why US-regulated Bitcoin perpetuals could change crypto trading
    Cointelegraph.com - 17:00 Jun 16, 2026
    US-regulated Bitcoin perpetual futures could give retail and institutional traders new ways to access crypto derivatives. How Bitcoin perps are entering regulated US markets For years, Bitcoin perpetual futures have ranked among the most important products in crypto trading. They account for a large share of global crypto derivatives activity and are widely used by traders seeking leverage, hedging tools and short-term exposure to market moves. Despite their popularity, perpetual futures have mostly operated outside regulated US markets. Most trading has taken place on offshore platforms. This left many American traders and institutions with limited choices: Avoid true perps, use offshore venues where permitted or turn to imperfect regulated alternatives. Read more
  • Binance says it considers EU license compliant amid reports of potential rejection
    Cointelegraph.com - 16:26 Jun 16, 2026
    Without specifically calling out a report on Binance’s EU license, the crypto exchange warned that any rejection forcing it to delay activities in the region could “weaken liquidity” and present other potential risks. Cryptocurrency exchange Binance, whose application under the European Union’s Markets in Crypto Assets (MiCA) framework is under consideration, has generally deferred responding to a report that the company’s licensed activities in the region could be at risk. In a Tuesday blog post, Binance said that Greece's Hellenic Capital Market Commission (HCMC), one of the regulators responsible for overseeing MiCA, had completed its review of the crypto exchange’s application and “considered it compliant with MiCA requirements,” subject to review at the European Securities and Markets Authority (ESMA). The post came just a few hours after Reuters reported that EU regulators were preparing to reject Binance’s licensing bid, potentially cutting off the exchange’s ability to offer services to residents. “Bi...
    Tags: Binance
  • Bitcoin stocks divergence returns as BTC dips to $66K while oil drops under $78
    Cointelegraph.com - 14:18 Jun 16, 2026
    Bitcoin joined oil in heading lower while stocks gained on US-Iran peace momentum, with traders seeing a quick end to the BTC price rebound. Bitcoin (BTC) dropped back to $66,000 after Tuesday’s Wall Street open as stocks locked in fresh gains. Key points: Bitcoin cools its rebound, even as stock continue higher on US-Iran peace plans. Read more
    Tags: Bitcoin
  • SpaceX’s debut: A win for crypto price discovery, a fail for tokenized access
    Cointelegraph.com - 14:00 Jun 16, 2026
    SpaceX’s blockbuster debut didn’t just mint a trillionaire; it became a real-world stress test for crypto’s promise of democratized market access. SpaceX’s hotly anticipated public debut on June 12 raised $75 billion at $135 per share, valuing the company at more than $2 trillion and turning its founder, Elon Musk, into the world’s first trillionaire. And it’s not only Musk getting wealthier. Buyers who got in at the offer price made roughly 20% almost overnight, while early private investors saw far larger gains. Crypto traders, meanwhile, were abruptly cut out of the deal, left holding pre-IPO subscription tokens on platforms like Binance, Bybit and Bitget with no allocation to SpaceX at all. Read more
    Tags: SpaceX
  • Why a ‘safe’ AI can turn dangerous in the wrong company
    Cointelegraph.com - 13:58 Jun 16, 2026
    A 15-day AI agent simulation shows why short tests may miss long-term risks shaped by tools, rules and other agents. Why AI agents need longer tests Short, isolated tests miss how AI agents behave over time. A new simulation shows that long-term behavior depends on the environment and on other agents. What happens if you build a virtual city, fill it with AI agents and leave them alone for 15 days with no human intervention? Will they help their world prosper or tear it apart? Read more
  • Bitcoin sell-off toward $60K may resume as Japan hikes interest rates
    Cointelegraph.com - 12:37 Jun 16, 2026
    Japan’s highest rates since 1995 are putting global liquidity back in focus as traders anticipate 26%–38% BTC price declines. Bitcoin (BTC) risked wiping out its Iran truce gains and returning toward the $60,000 psychological support as the Bank of Japan (BoJ) raised its interest rates to their highest level in 30 years. Key takeaways: BTC has averaged a 5.74% decline in the 30 days after the last four BoJ rate hikes. Read more
    Tags: Japan Bitcoin
  • Robinhood cuts 10% of workforce as Tenev touts business strength
    Cointelegraph.com - 12:13 Jun 16, 2026
    Robinhood cuts about 10% of staff as CEO Vlad Tenev says business “has never been stronger” despite weak Q1 trading. Stock and crypto trading platform Robinhood is cutting 10% of its workforce as it restructures its organization, a move the company said will improve efficiency. CEO Vlad Tenev told staff the company is reducing 10% of its full-time employees as part of “flattening” its org structure, according to a statement on X by Robinhood on Tuesday. In an internal memo, Tenev said the company cannot “default to operating as a heavily-layered organization” if it wants to scale its mission, adding that Robinhood must “continuously raise” its performance bar. Read more
    Tags: Tenev Robinhood
  • Solana treasury firms resist Forward Industries’ consolidation push
    Cointelegraph.com - 11:22 Jun 16, 2026
    Two Solana treasury firms rejected acquisition proposals from Forward Industries, while a third offer expired without a response. Solana treasury companies are resisting acquisition attempts by Forward Industries, with two firms rejecting proposed combinations and a third allowing its offer to expire without responding. Forward said Monday that Solana Company (HSDT), formerly Helius Medical Technologies, rejected an all-stock proposal that would have given its shareholders 0.386 newly issued Forward shares for each HSDT share. According to Forward, the offer valued HSDT at $1.63 per share. “On June 12th, HSDT responded that its board voted to decline Forward’s offer and chose to not engage in further discussion. We are disappointed and surprised that the HSDT board has chosen to reject Forward’s offer without any discussion or communication,” Forward said in its press release. Read more
    Tags: Solana Forward Industries
  • Bitcoin doesn't need Ethereum-style yield, says Strategy's Michael Saylor
    Cointelegraph.com - 10:11 Jun 16, 2026
    Michael Saylor says Bitcoin does not need staking or inflation, outlining a five-layer “Digital Asset Stack” that generates returns through credit and equity products built around BTC. Strategy executive chairman Michael Saylor said Bitcoin does not need staking, inflation or protocol-based yield mechanisms, arguing returns should come from financial products built around BTC. In an X post on Tuesday, Saylor outlined a five-layer “Digital Asset Stack” positioning Bitcoin (BTC) as the base for credit, money, yield and equity structures. Saylor said Bitcoin should remain “pure digital capital” and that it “does not need to become Ethereum” to generate investor returns. Read more
    Tags: Bitcoin Michael Saylor
  • Bitcoin miner IREN enters Europe with Nostrum acquisition as AI pivot accelerates
    Cointelegraph.com - 08:24 Jun 16, 2026
    The acquisition adds about 490 megawatts of secured power in Spain as IREN expands beyond Bitcoin mining and builds its European AI cloud platform. Bitcoin miner IREN has completed its acquisition of the Spanish data center developer Nostrum Group, marking its entry into Europe as the company builds out its artificial intelligence cloud business. IREN said in a press release on Monday that the acquisition adds about 490 megawatts of secured, grid-connected power in Spain, along with a development pipeline and over 50 employees across engineering, construction, development and operations. The deal expands IREN's global power portfolio to about 5 gigawatts, with the Spanish capacity representing about 10% of the total. Read more
    Tags: IREN Europe Bitcoin
  • Bitcoin recovery rests on US-Iran deal as momentum remains weak
    Cointelegraph.com - 05:46 Jun 16, 2026
    LVRG Research director Nick Ruck says Bitcoin could face a “volatile path” if a recently agreed peace deal between the US and Iran breaks down. Bitcoin’s recovery is hinged on a successful peace deal between the US and Iran as its onchain metrics show the cryptocurrency remains weak despite its recent recovery, analysts say. Nick Ruck, a director at LVRG Research, told Cointelegraph that despite Bitcoin (BTC) recently reclaiming $67,000, its “momentum remains weak, with declining volume and stagnant on-chain metrics indicating that the recovery lacks conviction and could quickly fade.” He added that if a recently brokered peace deal between the US and Iran breaks down, the following geopolitical instability and potential oil shocks would see Bitcoin “face a volatile path.” “It may initially find bids as a hedge asset before broader risk-off flows push it toward key support zones, underscoring how macro and geopolitical catalysts continue to dominate crypto price action.” Read more
    Tags: Bitcoin

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