Author: John Smith

Circle has unveiled new privacy capabilities for its Arc blockchain, introducing a confidential smart contract engine designed to keep sensitive financial data hidden while preserving access for compliance and audit functions. Summary Circle introduced Arc Privacy, a confidential smart contract engine that allows institutions to keep sensitive transaction data hidden while preserving audit and compliance access. The privacy system supports EVM based applications and lets developers build multi step confidential workflows without redesigning existing blockchain infrastructure. Circle said the technology could support payroll, treasury management, tokenized assets, trading, and lending use cases that require confidentiality onchain. In a June 10…

Bitwise Chief Investment Officer Matt Hougan said financial advisors are still interested in crypto, but their focus is moving beyond Bitcoin.  Summary Matt Hougan said advisors now discuss stablecoins and tokenization more than Bitcoin in recent calls. Bitwise survey data already showed advisors ranking stablecoins and tokenization among the top 2026 themes. Ethereum, Solana, Chainlink, Avalanche, Circle and Coinbase may benefit if advisor crypto inflows broaden next. His view came after eight sales calls with teams representing more than 40 advisors in one day. Hougan wrote in a June 10 memo that advisors asked more about stablecoins and tokenization than…

Pennsylvania Gov. Josh Shapiro has unveiled standards for large data center projects seeking state support. Summary Pennsylvania’s GRID Standards require data center developers to secure certification before receiving state incentives, fast permits, or tax benefits. The rules require developers to pay for new power generation and disclose project size, water use, and efficiency details. Separate bills from state lawmakers could change data center tax exemptions, water rules, power requirements, and local zoning powers. Duane Morris Government Strategies said the GRID Standards set conditions for incentives, fast permits, and tax benefits. The rules come as residents question power demand, water use,…

Iran’s main military command has closed the Strait of Hormuz to all vessels after fresh US attacks. Summary Iran’s Khatam al-Anbiya command said the Strait of Hormuz is closed to all vessels until further notice. Iranian media reported that Revolutionary Guards forces hit two ships attempting to pass through the waterway. US Central Command said it launched fresh strikes on Iran as Qatar sent a delegation to discuss the war. Iran Iranian media said Khatam al-Anbiya Central Headquarters cited security threats in the waterway. The move came as talks to end the conflict faced new pressure. Iran warns ships against…

Nigeria’s Senate has advanced a bill that could create formal rules for crypto firms and virtual asset operators. Summary Nigeria’s Senate passed the Virtual Asset Service Providers Regulation Bill, 2026, for second reading. The bill would require crypto exchanges and other virtual asset service providers to obtain licenses. The proposal now moves to committee review before further readings and possible final approval. The Virtual Asset Service Providers Regulation Bill, 2026, passed second reading on Tuesday and moved to committee review. The proposal seeks licensing, compliance rules, and consumer protection measures for one of the world’s largest crypto markets. Nigeria Senate…

Oracle has reported stronger fiscal fourth-quarter earnings and revenue than analysts expected. Summary Oracle beat fiscal fourth-quarter estimates with $2.11 adjusted EPS and $19.18 billion in revenue. The company plans to raise $40 billion through debt and equity financing for AI infrastructure. Oracle’s remaining performance obligation rose 363% to $638 billion, helped by large AI contracts. The company also raised its full-year profit outlook, while keeping its fiscal 2027 revenue target unchanged. However, Oracle shares fell 5% in extended trading after the company detailed new financing plans for AI infrastructure. Oracle beats earnings and revenue estimates Oracle reported adjusted earnings…

South Korea’s KOSPI has recorded a sharp market decline after emergency circuit breakers halted trading twice in one week. Summary The KOSPI fell 13% in eight trading days, with full circuit breakers triggered on June 8 and June 10. Forced stock sales from margin calls reached about 300 billion won, while retail margin debt neared 38 trillion won. Samsung and SK Hynix make up over 50% of the KOSPI weighting and nearly 75% of its 2026 gains. The benchmark index fell 13% across eight trading days as margin calls and hedging demand rose. The selloff has also hit Asian markets,…

Senator Elizabeth Warren has called on the SEC to delay SpaceX’s $75 billion IPO, citing concerns over investor protections, governance risks, and the company’s $1.8 trillion valuation. Summary Elizabeth Warren has urged the SEC to delay SpaceX’s $75 billion IPO over governance, disclosure, and investor protection concerns. The senator questioned SpaceX’s $1.8 trillion valuation and warned that passive index fund investors could face unwanted exposure. SpaceX has attracted more than $250 billion in orders ahead of its planned June 12 Nasdaq debut under the ticker SPCX. According to a letter sent by Senator Elizabeth Warren to SEC Chair Paul Atkins,…

BlackRock has expanded disclosures for its proposed Bitcoin Premium Income ETF, reporting $9.99 million in net assets and a covered-call strategy tied to IBIT. Summary BlackRock updated its Bitcoin Premium Income ETF filing, disclosing a 0.65% sponsor fee and $9.99 million in net assets. The proposed BITA fund plans to generate income by selling covered call options on IBIT and related Bitcoin ETF indexes. Seed capital transactions included the purchase of nearly 110 BTC, 90,901 IBIT shares, and the writing of 856 options contracts. According to a June 10 filing with the U.S. Securities and Exchange Commission, BlackRock submitted a…

P2P.org, which secures more than $10 billion in delegated assets across over 50 blockchain networks, has partnered with Taurus to bring institutional staking services to banks and financial institutions using Taurus’ digital asset platform. Summary P2P.org has integrated its staking infrastructure with Taurus, giving banks access to Ethereum and other proof-of-stake networks through Taurus PROTECT. Financial institutions can delegate assets to P2P.org validators while retaining custody and control within their existing Taurus workflows. The partnership connects Taurus’ banking client base with staking services across networks including Solana, Polkadot, Cosmos, NEAR, Cardano, and Tezos. According to a press release shared with…