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Found 11109 news

  • House Democrats seek SEC answers on AI investment advisers
    Cointelegraph.com - 05:47 Jun 25, 2026
    House Democrats have questioned the SEC over trading platforms offering AI agent advisers making “consequential investment decisions on behalf of retail investors.” A group of Democratic US House lawmakers is questioning the US securities regulator over how it is overseeing investment advice and trading powered by artificial intelligence. In a letter to SEC Chair Paul Atkins dated Tuesday, the lawmakers said that platforms offering AI trading agents to retail traders “raises serious questions for investor protection, broker-dealer responsibilities, market integrity, and the accountability of AI developers.” “While such trading may initially be limited in scope, there are indications that agentic trading could expand to a broad range of additional products, including options, cryptocurrency, event contracts, and futures,” the lawmakers wrote. Read more
    Tags: House Democrats
  • Abracadabra takes emergency action as MIM stablecoin depeg worsens
    Cointelegraph.com - 03:22 Jun 25, 2026
    The protocol is raising interest rates across all Cauldrons to encourage debt repayment and reduce supply. Decentralized finance platform Abracadabra said Wednesday that it launched emergency measures after its crypto-collateralized stablecoin, Magic Internet Money (MIM), fell 50% below its $1 peg. “We’re acutely aware of the MIM depeg and are taking emergency actions to remedy the situation,” the team said on Wednesday. It said effective immediately, it will begin gradually “increasing interest rates across all Cauldrons, including deprecated markets, to encourage debt repayment and reduce the outstanding MIM supply.” Read more
    Tags: Abracadabra
  • Kalshi seeks funding at $40B valuation, nearly doubling last raise: FT
    Cointelegraph.com - 02:23 Jun 25, 2026
    Kalshi is reportedly in talks to raise new capital at a $40 billion valuation, reflecting growing investor confidence in regulated prediction markets. US-based prediction market platform Kalshi is reportedly in talks to raise funds at a $40 billion valuation, nearly doubling its $22 billion valuation in May. The company could close the new funding round as soon as the third quarter of this year, the Financial Times reported on Wednesday, citing people familiar with the matter. Kalshi closed a $1 billion Series F in May, led by Coatue Management, with participation from Andreessen Horowitz, Sequoia Capital, Morgan Stanley and Ark Invest. Its $22 billion valuation at the time was double the company’s $11 billion valuation in December and more than four times its $5 billion valuation in October. Read more
    Tags: Kalshi
  • HYPE down 22% from record highs: Will spot demand revive the uptrend?
    Cointelegraph.com - 22:08 Jun 24, 2026
    HYPE price drops near a key support zone where fading selling pressure collides with shrinking futures market activity. Will the altcoin resume its uptrend above $60? Hyperliquid's HYPE token is down 22% from its $75 all-time high, bringing its 2026 uptrend to a key test of support. Market participation has cooled across the derivatives markets, while the spot flows show early signs of stabilization after strong selling pressure in early June. The $50-$54 area now stands out as the most important support zone beneath current prices and the first major trend test since January. Spot selling begins to ease for HYPE Read more
    Tags: HYPE Will
  • FTX exec’s wife scheduled for November trial on campaign finance charges
    Cointelegraph.com - 21:07 Jun 24, 2026
    A Manhattan judge ordered that Michelle Bond’s criminal trial start in November after he denied a motion to dismiss the indictment based on claims that prosecutors misled her husband over her charges. Michelle Bond, the wife of former FTX Digital Markets co-CEO Ryan Salame, who is serving a 7.5-year prison sentence after reaching a plea agreement with prosecutors, is scheduled to stand trial in November following delays stemming from motions related to her husband's plea deal. On Wednesday, Judge George Daniels in the US District Court for the Southern District of New York ordered a trial start date of Nov. 9 for Bond, who faces four charges related to campaign finance law violations. The proceedings came a week after the judge denied Bond's motion to dismiss the indictment, based on claims that prosecutors had promised Salame she would not be charged if she pleaded guilty. Bond’s case is one of the final criminal proceedings related to the collapse of cryptocurrency exchange FTX, which filed for bankruptcy i...
    Tags: November
  • Bitcoin nearly loses $59K as DXY surges: Are traders bracing for more pain?
    Cointelegraph.com - 20:58 Jun 24, 2026
    Bitcoin drops toward new 2026 lows as spot BTC ETF outflows and slowing accumulation from Strategy weigh on market sentiment. Key takeaways: Cooling oil prices and a multi-month high for the US dollar are keeping intense pressure on non yield-bearing assets. Spot Bitcoin ETF outflows paired with Strategy's slowest buying pace in 18 months signal short-term downside risks. Read more
    Tags: Bitcoin
  • Kalshi sues Illinois officials over prediction markets restrictions
    Cointelegraph.com - 19:34 Jun 24, 2026
    The prediction markets company claimed that it would be “irreparably harmed” when an Illinois law signed as part of a budget package goes in effect on July 1. Prediction markets company Kalshi has filed a lawsuit against state officials in Illinois over legislation it says “expressly bans sports event contracts” on its platform. In a Tuesday filing in the US District Court for the Northern District of Illinois, Kalshi alleged that Illinois Governor JB Pritzker, Attorney General Kwame Raoul, and other officials on the state’s gaming board “usurped” the authority of the US Commodity Futures Trading Commission (CFTC) over prediction markets. Specifically, the company alleged that legislation signed into law last week in Illinois, requiring prediction market platforms to be licensed in the state to offer sports event contracts, violated federal law. Kalshi claimed that it would be “irreparably harmed” when the law, Illinois Senate Bill 3019, takes effect on July 1. Read more
    Tags: Illinois Kalshi
  • Crypto-backed candidates notch wins in three US state primaries
    Cointelegraph.com - 17:34 Jun 24, 2026
    The crypto-aligned Fairshake PAC and its affiliates spent a combined $8 million on media to support candidates in Maryland, New York and Utah amid pushback from many criticizing “crypto billionaires.”  Several Democrats and one Republican who were supported by more than $8 million worth of ads funded by cryptocurrency-aligned political action committees (PACs) won their respective US primaries on Tuesday, setting up their candidacies for the November election. Party primaries for US House of Representatives and Senate candidates in Utah, Maryland and New York resulted in wins for many aligned with crypto industry interests. PACs like Fairshake and its affiliates, largely backed by crypto companies Coinbase and Ripple Labs, spent a combined $8 million on media to support the candidates it considered likely in favor of digital asset policies for the next session of Congress. In New York, Democrat Ritchie Torres won a primary for the state’s 15th congressional district with 71.9% of the vote, while in Utah, Repu...
  • Bitcoin falls under $60K, but traders anticipate 15% bounce
    Cointelegraph.com - 17:06 Jun 24, 2026
    Bitcoin price dropped below $60,000 for the first time in weeks, but data shows traders betting on a relief bounce. Bitcoin (BTC) hit new two-week lows at Wednesday’s Wall Street open as traders predicted a rally to a "poor" lower high. Key points: Bitcoin price action edges closer to range lows, which traders still see holding. Read more
    Tags: Bitcoin
  • Bitcoin crash to $60K opens new $530M demand zone: Will bulls buy in?
    Cointelegraph.com - 16:21 Jun 24, 2026
    A $525 million Bitcoin buy wall intersects with a major liquidation zone, creating a key battleground between $60,500 and $65,000. Bitcoin (BTC) has fallen 3% over the past 24 hours, trading into a dense buy-side liquidity zone after slipping below $61,000. More than $525 million in buy bids initially stacked between $60,500 and $61,500 created a key area of demand as liquidation risk builds on both sides of the market. BTC's orderbook data shows concentrated liquidity pockets below $60,500 and near $65,000, placing liquidity flows at the center of Bitcoin's short-term price action. Bitcoin momentum weakens below $63,000 Read more
    Tags: Bitcoin
  • Credit unions managing $25B in assets join stablecoin infrastructure program
    Cointelegraph.com - 15:49 Jun 24, 2026
    A new pilot from Stablecore, Circuit and Curql gives participating US credit unions access to test stablecoin payments and other digital asset services. Stablecore, a digital asset infrastructure provider for financial institutions, has launched an early-access program for US credit unions, a move aimed at helping smaller lenders evaluate stablecoins and other blockchain-based financial services before broader adoption. The program announced on Wednesday is in collaboration with Circuit, a credit union service organization (CUSO) focused on research and development, and Curql, a fintech investment collective representing more than 160 credit unions. The initiative allows participating credit unions to test stablecoin and digital asset services, including stablecoin payments, tokenized deposits, Bitcoin (BTC), crypto on- and off-ramps and staking capabilities, before deciding whether to integrate them into their existing banking platforms. Read more
  • Binance withdraws Greece-filed MiCA application
    Cointelegraph.com - 15:47 Jun 24, 2026
    Binance said it plans to seek authorization in another EU jurisdiction just days ahead of the July 1 MiCA deadline, as unlicensed crypto firms are expected to wind down activities in the bloc. [Update 14:47 UTC, June 24: Updates with comments from Binance beginning in first paragraph.] Crypto exchange Binance is withdrawing its MiCA application with Greece's Hellenic Capital Market Commission (HCMC) and intends to pursue authorization in another member state just days before the deadline for EU licensing. “When we are ready to announce that Member State, we will do so publicly,” the company said in a statement on Wednesday. Read more
    Tags: Binance
  • Trump cancels signing of housing bill with CBDC ban
    Cointelegraph.com - 15:18 Jun 24, 2026
    The 21st Century ROAD to Housing Act included a provision that the US Federal Reserve was barred from issuing or creating a CBDC until 2030, but exempted certain stablecoins. US President Donald Trump cancelled the signing ceremony for a housing bill containing a ban on a central bank digital currency (CBDC) as he looked for Republicans in Congress to prioritize a controversial voting bill. In a Wednesday morning Truth Social post, Trump said that the signing for the 21st Century ROAD to Housing Act, passed by the US Senate and House of Representatives, would be cancelled “until such time as we pass the desperately needed SAVE America Act.” Source: Donald Trump Read more
    Tags: CBDC Trump
  • The Impossibility of Perfect Fairness in Transaction Ordering
    Cointelegraph.com - 15:00 Jun 24, 2026
    Why perfect fairness cannot hold in asynchronous networks, and how different blockchains adopt different relaxations to fairness. Consensus guarantees today, focus on two properties: Consistency and Liveness. Consistency requires that all nodes eventually agree on the same set and sequence of transactions, while liveness ensures the system continues to process new transactions. What they do not address is whether the agreed-upon transaction order totally reflects fairness. In public blockchains, transaction ordering has direct economic consequences. The order in which transactions execute determines who captures value and who pays the cost, particularly as validators, block builders, or sequencers can exploit their privileged role in block construction for financial gain. This practice is known as maximal extractable value (MEV) and includes the profitable frontrunning, backrunning, and sandwiching of transactions. Prima facie, there is no obvious way to prevent MEV extracting practices because block proposer...
  • How memecoin marketing moved from online speculation to real-world risk
    Cointelegraph.com - 14:30 Jun 24, 2026
    From alcohol dares to head-shaving challenges, memecoin campaigns are turning engagement into exploitation. When virality moved off-screen Memecoins have never pretended to be serious. Other blockchain projects often present themselves through promises of faster payments, scalable infrastructure or decentralized applications (DApps). Memecoins, however, draw their appeal from humor, absurdity and internet culture. A photo of a dog can become a billion-dollar asset. A frog image can trigger a wave of speculation. Communities come together around shared jokes, catchphrases and collective excitement, often with little logic beyond the energy of participation. Read more
  • DeFi TVL drops 39% in 2026 amid market downturn and record hack activity
    Cointelegraph.com - 14:14 Jun 24, 2026
    DeFi TVL fell 39% in 2026 as a broader market downturn and fallout from major exploits, including the Kelp DAO hack, weighed on the sector. Total value locked (TVL) in decentralized finance (DeFi) has fallen by about 39% in 2026 so far, declining to just over $70 billion from roughly $115 billion in January. A Wednesday report from crypto data aggregator CryptoRank attributed the decline to the broader market correction that followed the October 2025 crypto market peak. After Bitcoin reached a record high above $122,000, a market-wide liquidation event on Oct. 10, 2025, erased more than $19 billion in leveraged positions and accelerated a deleveraging cycle across digital assets. Read more
    Tags: DeFi
  • SecondFi traces Cardano wallet exploit to address-level issue
    Cointelegraph.com - 12:38 Jun 24, 2026
    Cardano wallet SecondFi traced the incident to an address-level issue and secured 129 million ADA after attackers drained funds from 374 addresses. A vulnerability in Cardano-based wallet SecondFi allowed attackers to drain user funds, resulting in major losses. SecondFi on Wednesday confirmed it had identified the root cause of the exploit and is now engaging with Cardano ecosystem platforms and blockchain investigators to address the issue. The company also said it triggered emergency measures that secured roughly 129 million ADA, which is being transferred to an independent third-party custodian and held for affected users pending verification. Read more
    Tags: SecondFi Cardano
  • CBOE debuts prediction market with S&P 500 contracts
    Cointelegraph.com - 12:01 Jun 24, 2026
    Cboe launched its first prediction market product tied to the S&P 500 index, citing a growing investor demand for binary options contracts. Market operator Cboe Global Markets has entered the prediction markets business with the launch of Cboe Predicts, a platform debuting with binary contracts tied to the S&P 500. The contracts are now available through Interactive Brokers and are expected to launch at Charles Schwab and other retail brokerage platforms in the coming months, according to a Tuesday press release. The contracts allow traders to take "yes" or "no" positions on whether the S&P 500 will close above or below a specified price level. Read more
  • CryptoQuant warns on Strategy's dividend coverage as cash reserve falls 38%
    Cointelegraph.com - 11:34 Jun 24, 2026
    Strategy's cash reserves are now enough to pay only 14 months of dividends from the previous seven-year level. CryptoQuant said the company should pause Bitcoin purchases and rebuild its reserves. Update, June 24, 2026, 2:14 pm UTC: This article was updated to include Strategy’s MSTR shares trading below $100 for the first time since March 1, 2024, according to Yahoo Finance data. After Strategy's dividend coverage fell to 14 months from seven years, CryptoQuant said the company led by Michael Saylor should pause Bitcoin purchases and focus on replenishing its cash reserve, which is down 38% year-to-date. Strategy's dividend obligations have nearly quadrupled to $1.2 billion, as the company issued substantial new STRC preferred stock, which carries an 11.5% yield. Read more
    Tags: CryptoQuant Strategy's
  • Aave positioned to capture tokenized asset growth in DeFi: Standard Chartered
    Cointelegraph.com - 11:21 Jun 24, 2026
    Standard Chartered said tokenized assets moving into DeFi could drive deposits into Aave and help the protocol rebuild its position as a dominant onchain lending platform. Banking giant Standard Chartered has identified Aave as a potential beneficiary of tokenized assets as they move into decentralized finance (DeFi), saying the protocol could rebuild its position as a dominant onchain lending platform. In a Wednesday research note, Geoff Kendrick, the bank's global head of digital assets research, said active tokenized assets in DeFi could drive more deposits into Aave. “Despite recent setbacks, we are bullish on the outlook for Aave, the largest [DeFi] lending protocol,” Kendrick wrote. Read more
    Tags: Aave DeFi Standard Chartered

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