Bitcoin (BTC) erased its intraday losses and rose by around 2.5% to $62,410 immediately after the US inflation report, even as the headline Consumer Price Index (CPI) hit its highest level in more than three years. BTC/USD hourly chart. Source: TradingView Key takeaways: Bitcoin rose as the latest US CPI reading matched economists’ expectations. BTC …
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Prediction markets overtook onchain gambling for the first time in the opening quarter of 2026, recording $36.6 billion in volume compared with gambling’s $14 billion, according to TRM Labs. In a Wednesday report, the blockchain intelligence company said the shift followed a rapid expansion in both sectors. Onchain gambling reached $51 billion in 2025, while …
Continue reading “Onchain gambling keeps rolling with $14B quarter despite crypto slump: TRM Labs”
The election season is ramping up in the United States, meaning that airwaves and social media are flooded with campaign ads. Candidates, in addition to the political action committees (PACs) supporting and opposing them, are projected to spend a record-breaking $10 billion in ads this cycle. Some of that is going into AI deepfakes. At …
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Robinhood Securities said it had secured approval to act as an IPO underwriter, moving from a distribution role into the main underwriting group alongside Wall Street banks. Chief executive Vlad Tenev said in a Tuesday X post that Robinhood Securities is “now approved to serve as an underwriter,” without specifying which regulator granted the approval, …
Key Takeaways Bitcoin L2 network Botanix is winding down all operations after a 4-year effort to build on the blockchain. The team notes the crypto market favors centralized venues like Hyperliquid over decentralized L2 structures. Users must withdraw bitcoin and other digital assets from the Spiderchain network before July 9, 2026. The Playbook Botanix Refused …
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Key Takeaways U.S. Senator Warren’s SEC delay request puts SpaceX’s June 12 IPO under immediate regulatory pressure. The planned offering could value SpaceX at $2 trillion and raise $75 billion. Retirement savers may face exposure if major index funds add SpaceX after listing. SEC Delay Request Puts SpaceX’s June 12 IPO Under New Pressure With …
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Key Takeaways SpaceX prices its $75B IPO at $135/share on June 11, with Nasdaq trading beginning June 12 at 9:30 a.m. ET. Kraken, Bybit, Coinbase International, and Ondo Finance offer non-U.S. users tokenized or synthetic SpaceX exposure. Jay Ritter’s research shows 90%+ of IPOs trade below their first-day low, making day-one purchases high-risk. The offering …
Key Takeaways Mastercard introduced infrastructure enabling AI-driven purchases, settlements, and service coordination. Businesses could automate recurring operational expenses through permissioned machine-to-machine payments. Meanwhile, stablecoin support may expand digital asset usage across enterprise transactions. Mastercard Brings Agent Pay for Machines Into AI Commerce Autonomous commerce entered a larger financial test on June 10, 2026, when Mastercard …
Key Takeaways CFTC proposed a June 10 framework with a 90-day review for certain event contracts. Kalshi gains clearer rules, while Polymarket may benefit from reduced regulatory uncertainty. CFTC’s comment period runs 30-90 days; new contract filings are expected next. The move replaces an approach that prior CFTC leadership had tried and failed to advance. …
Continue reading “CFTC Chairman Selig Backs Prediction Markets With New Case-by-Case Framework”
Key Takeaways May 2026 CPI reached 4.2% YoY, the highest reading since April 2023, driven by a 40.5% gasoline spike. Trump’s Iran escalation on June 10 adds fresh geopolitical risk, keeping oil and energy costs elevated into the FOMC. The Fed meets June 16-17 with rate cuts increasingly unlikely as core CPI holds at 2.9% …
Key Takeaways Bitcoin ETFs lost $77.44M on June 9 as Blackrock’s IBIT led another day of outflows. Ether ETFs shed $40.85M, showing demand remains uneven after June 8’s rebound. XRP ETFs gained $7.44M, and solana ETFs added $794K, signaling selective interest. Bitcoin and Ether ETFs Lose $118M as XRP and Solana Draw New Inflows The …
Continue reading “Blackrock’s IBIT Leads $77M Bitcoin ETF Outflow as XRP Funds Add $7.4M”
One of the few analysts who accurately called Bitcoin’s 2025 top says BTC will likely form a bottom in the near term. The pseudonymous analyst KillaXBT tells his 206,800 followers on X that Bitcoin is likely to trade sideways in the coming months before setting the stage for a massive breakout based on historic precedence. …
The U.S. Securities and Exchange Commission (SEC) is charging a Texas resident in connection with an alleged multi-million-dollar crypto asset fraud scheme that raised approximately $12.3 million from about 150 investors. According to SEC Litigation Release filed May 29, 2026, Nathan Fuller allegedly operated the scheme through Privvy Investments, LLC and related names including Gateway …
A Bank of America Securities senior semiconductors analyst is bullish on multiple artificial intelligence (AI) chip companies despite the market’s correction. In a new interview on CNBC Television, Vivek Arya says that chip companies still have a lot more upside. Arya believes Nvidia (NVDA), which closed at $208 on Tuesday, may soon soar to $350, …
Pyth Network, a blockchain oracle and market data provider, has launched new pricing indexes for US stocks and commodities, a move aimed at supporting around-the-clock trading products across crypto exchanges. The company announced Wednesday that Coinbase, Kraken, dYdX and Nado are already using the indexes to power new trading markets. According to Pyth, the indexes …
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