Author: John Smith
The Solana price has started to move again, with weekly gains above 4%. Summary Solana climbed 3.38% to $67.73, extending weekly gains as upward momentum returned. Backpack and Sunrise launched SPCX on Solana, bringing tokenized SpaceX share exposure to the network. Technical indicators show bears losing strength as bulls defend support and attempt a trend reversal. This recent Solana price trend comes at a time when the SpaceX IPO token, SPCX, has gone onchain on Solana. This new momentum has made market participants weigh in on where the Solana price will target in the next few days as bulls take…
Exodus Movement has partnered with Ondo Finance to launch trading for more than 200 tokenized stocks, ETFs, and real-world assets through its wallet app. Summary Exodus has partnered with Ondo Finance to offer trading in more than 200 tokenized stocks, ETFs, and real world assets through its wallet app. Users in supported markets can buy and sell tokenized EXOD shares alongside other tokenized assets on Solana. The launch comes as tokenized equities have grown to $5.5 billion in market value and regulators across the globe are paying closer attention to the sector. According to a June 12 announcement, Exodus Movement…
Bitcoin may not have formed its cycle bottom yet, according to a new Galaxy Research report that uses market and onchain data to map possible downside zones. Summary Galaxy says Bitcoin’s four-year cycle remains active, but each cycle is showing smaller price swings. The report places Bitcoin’s base-case bottom between $40,000 and $46,000 using onchain cycle data. Only four of 13 bottom indicators have triggered, suggesting Bitcoin may need more time. Galaxy Head of Firmwide Research Alex Thorn said Bitcoin’s four-year cycle still appears active, even as the size of each move continues to shrink. The report argues that Bitcoin’s…
Thirteen months ago, Pi Network announced a Silicon Valley-style venture fund to seed its ecosystem. Summary Pi Network Ventures was announced as a $100 million ecosystem fund, but only one investment has been publicly disclosed. The fund’s PI-token component makes its real dollar value unclear after PI’s sharp decline since the announcement. OpenMind is a credible robotics and AI infrastructure bet, but it does not solve Pi’s near-term token demand or unlock pressure. The biggest issue is disclosure: portfolio, check sizes, denomination, custody, criteria, and governance remain unclear. One disclosed investment later, the questions have compounded faster than the portfolio.…
Crypto scammers have set up at least three World Cup-related fraud operations linked to four cryptocurrency addresses as millions of fans prepare to attend the 2026 FIFA World Cup, according to blockchain intelligence firm TRM Labs. Summary TRM Labs identified fake World Cup ticketing sites and a fixed match betting scheme linked to four cryptocurrency addresses. U.S. authorities and FIFA have warned fans against buying tickets through unofficial websites as phishing and fraud campaigns increase ahead of the tournament. The scams emerged as the 2026 FIFA World Cup opened across the U.S., Canada and Mexico, with about 6.5 million attendees…
Former U.S. Commodity Futures Trading Commission Chair Gary Gensler has joined a growing list of groups challenging sports prediction markets, arguing in a new court filing that Congress never intended federal derivatives laws to cover sports betting contracts. Summary Former CFTC Chair Gary Gensler told a federal appeals court that sports prediction contracts do not qualify as swaps under U.S. derivatives law. Tribal groups, gaming industry organizations, and Better Markets joined court filings arguing that sports prediction markets should remain subject to state gambling regulations. The case adds to a growing legal fight over whether the CFTC or individual states…
Binance Wallet’s SpaceX IPO campaign attracted about $557 million in subscription funds, showing strong onchain demand for tokenized exposure to the planned listing. Summary Binance Wallet’s SpaceX IPO campaign drew about $557 million from 27,689 onchain addresses, Dune data showed. Smaller subscriptions dominated address count, but larger wallets provided most funds committed to the campaign. The campaign offers tokenized SpaceX exposure through SPCXx, but final allocations are not guaranteed. Binance Wallet campaign draws $557M Dune data showed that Binance Wallet’s SpaceX IPO subscription campaign attracted about $557 million from 27,689 addresses. The figures show strong demand for SPCXx, a tokenized…
US lawmakers have introduced legislation to create a federal task force focused on cryptocurrency theft, fraud, and hacking investigations. Summary Bipartisan lawmakers introduced a bill creating a federal crypto crime task force. The proposed unit would include the DOJ, FBI, DHS, and Treasury Department. The legislation aims to improve investigations, victim reporting, and law enforcement coordination. The proposal follows a year in which Americans reported more than $11 billion in crypto-related losses. If approved, the measure would establish a coordinated reporting and enforcement framework across multiple federal agencies. Crypto fraud losses drive call for coordinated enforcement Bipartisan lawmakers introduced the…
The US government has transferred nearly $984,000 in cryptocurrency linked to Alameda Research and FTX. The US transferred nearly $984K in seized FTX and Alameda-linked crypto. About $768K of the funds moved to Coinbase Prime, according to Arkham data. Arkham data shows US government crypto holdings total about $20.93B. Blockchain data shows that most of the funds moved to Coinbase Prime as authorities continue managing seized assets. The transfers form part of ongoing efforts tied to the recovery and distribution process following the FTX collapse. Coinbase Prime receives portion of seized FTX funds Arkham Intelligence data showed movement from wallets…
BlackRock has moved its proposed Bitcoin income-focused exchange-traded fund closer to market debut after filing a key registration document with the U.S. Securities and Exchange Commission. Summary BlackRock filed a Form 8-A with the SEC, moving its Bitcoin Premium Income ETF one step closer to a Nasdaq launch. Bloomberg ETF analyst Eric Balchunas said the filing could signal that the BITA fund may begin trading as early as next week. The ETF plans to generate income by selling call options tied to BlackRock’s spot Bitcoin ETF, IBIT, while maintaining Bitcoin-linked exposure. According to a Form 8-A submitted to the SEC…