Author: John Smith
DeFi Development Corp. has withdrawn its planned $1 billion securities offering after the U.S. Securities and Exchange Commission deemed the company ineligible to file under Form S-3. The company confirmed the withdrawal in a June 11 letter to the SEC, citing the absence of a required internal controls report in its most recent 10-K filing. The Nasdaq-listed firm had filed the S-3 registration in April with the aim of raising funds for general corporate use, including the purchase of additional Solana (SOL) tokens. The plan echoed Strategy’s well-known Bitcoin (BTC) strategy, with DeFi Development aiming to become a public market…
Real Vision will integrate Sui blockchain to enable users to earn rewards for participation, with new features to roll out as early as this summer. Real Vision, the financial media and membership platform that focuses on in-depth interviews, analysis, documentaries, and research about finance and investing, has announced a strategic partnership with Sui (SUI). The company will integrate Sui’s high-speed infrastructure to support large-scale community engagement and reward structures for user participation, such as sharing market insights or surfacing trade ideas. The new features will begin rolling out as early as this summer. “We’re building a platform where the community’s…
FLR, the native token of Layer-1 blockchain Flare, is showing early signs of a bullish breakout following its partnership with a NASDAQ-listed company. In a June 11 post on X, Flare announced that it is teaming up with VivoPower International, a multinational sustainable energy firm, to help generate yield on VivoPower’s XRP holdings. VivoPower will initially deploy $100 million XRP through Flare’s native protocols like Firelight, and reinvest that income into its core XRP holdings to create a “perpetually compounding and capital-efficient” treasury. For Flare, the partnership represents a significant milestone in demonstrating the network’s capacity to support institutional-grade utility…
Japan will reportedly urge G7 nations to take coordinated action against North Korea’s cryptocurrency thefts at the upcoming summit in Canada. According to local media, Prime Minister Shigeru Ishiba is expected to raise the issue during the G7 meetings scheduled from June 15 to 17, citing the growing threat of cyber-enabled financial crime linked to North Korea. The proposal will mark the first time the G7 formally considers a collective response to crypto theft tied to state-sponsored actors. The Group of Seven comprises Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States, as well as the European…
The parabolic run of Bitcoin in recent years has ignited debates about demand, supply, and where the broader crypto market is headed next. While many investors are focused on higher price milestones beyond $110K, Bitwise CEO Hunter Horsley believes a major real shift is on the horizon. According to Horsley, once Bitcoin (BTC) crosses the $130,000 to $150,000 price levels, long-time holders will likely stop selling. He emphasized that many of these individuals and institutions accumulated Bitcoin years ago at much lower prices, and the recent price upticks have translated into profit-taking for the majority. I think once Bitcoin breaks…
Binance declared that it is prepared to open its platform to Syrian residents interested in trading cryptocurrency. The shift follows the recent suspension of U.S. sanctions on Syria. According to a recent notice issued by the crypto exchange, Syria is no longer classified under the “prohibited country” category. This means that Syrian residents can now register themselves on the platform and access crypto-related services through the crypto exchange. The services now available to Syrian traders include spot and futures trading, staking and earn products, Binance Pay for cross-border payments, and educational content in Arabic. “This means we can now onboard…
Key Takeaways The capital raise, originally filed via Form S-3 in April 2025, was intended to fund large-scale purchases of Solana (SOL) tokens The company had already raised $42 million for SOL purchases by April 2025 and had hoped to use the S-3 filing to scale that effort. SEC noted that DeFi Development Corp failed to include a mandatory internal controls report, DeFi Development Corp, a Nasdaq-listed firm formerly known as Janover, has withdrawn its ambitious $1 billion securities offering after the U.S. Securities and Exchange Commission (SEC) ruled its filing ineligible due to missing compliance documentation. The capital raise,…
Ethereum is holding firm above the $2,700 mark, supported by a wave of fresh capital flowing into U.S. spot exchange-traded funds and growing optimism in the derivatives market. Ethereum (ETH) is trading at about $2,756 at press time, down 1.2% in the past day but still up 13% for the month. The asset has fluctuated between a weekly range of $2,419 and $2,869, indicating a struggle between bulls and bears in the face of changing market conditions. A major driver behind Ethereum’s resilience is the strength of spot ETF inflows. According to SoSoValue data, U.S. Ethereum ETFs saw net inflows…
Dr. Ben Goertzel, SingularityNET’s visionary, foresees AGI transforming society by 2030. In an exclusive interview, he explores the implications of AI and what it means for the future of crypto. In an engaging one-on-one interview, Dr. Ben Goertzel, founder of SingularityNET, details his plans for Hyperon, a decentralized AGI system, and MeTTa (Meta Type Talk), a declarative and functional computational programming language for advancing AGI. Shaped by a socially conscious upbringing and a passion for decentralization, he predicts AGI will surpass human intelligence within a decade, transforming economies and necessitating universal basic income while advocating for open-source innovation. Founded by…
Pudgy Penguins, one of the few NFT projects still gaining attention, has announced a new partnership with NASCAR in another step towards reaching mainstream audiences. The partnership was announced on June 11 via a brief post on X, where the team said it would be working with NASCAR to bring its character “Pengu” to race fans around the world. While few details were shared, the announcement adds to a growing list of brand efforts by Pudgy Penguins (PENGU) beyond the digital asset space. This comes at a time when much of the NFT market has slowed. Last quarter, the market…